By Eyo Nsima The Minister of State Petroleum Resources, Chief Timipre Sylva, has charged Africa’s National Oil Companies’ Chief Executive Officers to rescue 600 million Africans from energy poverty and another 900 million people on the continent with access to clean cooking fuel. The minister, who gave the charge at a meeting of CEOs of […]
Let’s work to provide energy to 600m Africans — Sylva Read More »
OPEC daily basket price stood at $110.27 a barrel Tuesday, 19 July 2022, compared with $108.76 the previous day https://www.opec.org/opec_web/en/press_room/6758.htm
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By Eyo Nsima TotalEnergies, as operator, has disclosed the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project’s upstream production facilities. In parallel, studies for the downstream liquefaction facilities are progressing in line with the overall project schedule, and the
Papua New Guinea: TotalEnergies records new Milestone towards Papua LNG Development Read More »
By Eyo Nsima FBN Holdings Plc, has explained its position on the Federal High Court granting an ex-parte order against it and some respondents over its 10th Annual General Meeting, AGM, adding that the meeting was validly held with all regulatory and statutory parties in attendance. In a statement sent to the Nigerian Exchange Limited,
FBN Holdings opens up on court order against AGM Read More »
By Eyo Nsima The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, has increased the Monetary Policy Rate (MPR) – benchmark interest rate that guides all other rates in the money market – by another 100 basis points (bps) to 14 per cent from 13 per cent. The Committee had, at its
How CBN raises MPR to 14% to fight inflation in Nigeria Read More »
By Our Correspondent A major fire broke out on board of tanker ANTARES, which was docked at Puerto Bolivar in Colombia, on July 19, 2022, according to FleetMon. It stated: “Fire broke out on board of tanker ANTARES, docked at Puerto Bolivar, Colombia, on Jul 19. Four personnel on board who have been carrying out
MARITIME ACCIDENT: How tanker catches fire in Colombia Read More »
Heritage Oil Limited has announced the appointment of Adogbeji (Ado) Oseragbaje as its new Chief Executive Officer with effect from the 14th of July 2022. Ado will also lead HOL’s Nigerian operations as Chief Executive Officer of Heritage Energy Operational Services Limited. Ado brings twenty-five years of global leadership experience in the oil and gas
Heritage Oil Limited appoints Ado as Chief Executive Officer Read More »
By Our Correspondent A Russian general cargo ship MAIA-1 with cargo of arms on board has been arrested in Kochin, India, according to FleetMon. It stated: “Russian general cargo ship MAIA-1 with cargo of arms on board has been arrested in Kochin, India, over non-payment of bunker bills of some $23,500 to an Estonian company,
Russian cargo ship with arms arrested in Kochin, India Read More »
By Our Correspondent Suezmax crude oil tanker ADVANTAGE SUMMER has experienced a fire outbreak, according to FleetMon. It stated: “Suezmax crude oil tanker ADVANTAGE SUMMER suffered fire in engine room in the evening July 17, 2022 in Gbraltar Strait, while en route from Algeciras to Huelva, Spain. “Tanker was disabled and had to to be
Suezmax crude oil tanker disabled by fire in Gibraltar Strait Read More »
OPEC daily basket price stood at $104.39 a barrel Friday, 15 July 2022, compared with $102.66 the previous day https://www.opec.org/opec_web/en/press_room/6758.htm
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