By NJ Ayuk As we approach the end of 2021 and COP26, the African oil and gas industry is in a precarious position. As if the economic devastation of the pandemic weren’t enough, we’re also faced with increasing pressure to reduce our production of fossil fuels and move toward renewables. Many of the majors are […]
The NNPC Ltd hereby urges the general public not to engage in panic buying of petroleum products, as the Company has sufficient stock of the products that will last the festive period and beyond. The NNPC is also engaging all stakeholders to ensure smooth supply and distribution of products to every part of the country.
NNPC cautions against panic buying, assures of adequate products supply Read More »
Two feeder container ships, O P K 3 and NP PATHUM THANI, have collided in the afternoon November 2, 2021 in Chao Phraya River in Bangkok area, according to FleetMon. It stated: “Two feeder container ships, O P K 3 and NP PATHUM THANI, collided in the afternoon Nov 2 in Chao Phraya river in
MARITIME ACCIDENT: How Feeder container ships collided in Bangkok Read More »
Cement carrier HEKINAN MARU collided with 5-ton fishing boat off Cape Muroto, Kochi Prefecture, Pacific coast Honshu, at 0550 Tokyo time Nov 3, while en route from Shunan to Hekinan, Honshu, according to FleetMon. It stated: “Fishing boat capsized, two fishermen on board were rescued, but one of them was recovered already dead. “The ship
How Cement carrier collided with fishing boat in Tokyo Read More »
By Eyo Nsima TotalEnergies, Iberdrola and Norsk Havvind have joined forces to respond to the Norwegian authorities’ call for tenders for the development of floating and bottom-fixed wind projects for a cumulated capacity of 4.5 GW at two offshore sites in southern Norway. The consortium will leverage in its offer the proven technical expertise of
By Eyo Nsima The October 2021 economic data have indicated improvements in business conditions in Nigeria’s private sector with output, new orders and buying activity hitting the roofs. In its latest report, the Stanbic IBTC Bank Plc, stated that the headline Purchasing Managers’ Index, PMI, improved to 54.1 in October from 52.3 in September, indicating
PMI reaches 3-month high in October —Stanbic IBTC Read More »
By Eyo Nsima The Nigerian Investment Promotion Commission (NIPC) has tracked $8.99 billion investment announcements in the third quarter of 2021, with Lagos State, accounting for $7.29 billion or 81 percent of the total announcements during the period. According to NIPC, the investment announcements in Q3’21 was 130 percent higher than the $3.95 billion recorded
Investment announcements rise by 130% to $8.99bn in Q3 ’21 Read More »
A group of Lekoil shareholders operating under the name Concerned Shareholders, has written to the company’s board of directors requesting to know what is being done to ensure that the suspension of trading in the company’s shares is lifted and avoid its imminent delisting. It will be recalled that Lekoil Cayman Limited was suspended from
Stakeholders Query Lekoil Cayman over Suspension of Trading Read More »
Savannah Energy PLC, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, has announced that its Accugas subsidiary has commenced gas sales to First Independent Power Limited’s power plant, FIPL Afam, in Rivers State. As announced in early 2020, Savannah signed a gas sales agreement with
Savannah Energy PLC commences gas sales to First Independent Power Limited’s power plant Read More »
To solve the infamous congestion at Western Ports of US, last month President Joe Biden ordered the California Ports to run operations 24/7 but the truckers now seem to be a challenge to the plan, according to FleetMon. It stated: “The data shows that truckers aren’t showing up to collect the cargo. Reporting on the
Trucker shortage hit Biden’s 24/7 port operations plan Read More »
