Sunday, 30 June 2019

Hydrographic knowledge key to maritime maritime operations – Usman

Vincent Toritseju Lagos — The Managing Director of the Nigerian Ports Authority, NPA Hadiza Bala Usman, has said that well-charted territorial water through hydrographic exercise will enhance the nation’s maritime operation. Speaking at this year’s World Hydrographic Day held at the Naval Dockyard in Lagos, Bala Usman called for a greater synergy among stakeholders with […] More »
Read More »

NIMASA pledge to partner BoI in maritime finance

*Train additional 300 cadets, expands maritime potential Vincent Toritseju Lagos — The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Bank of Industry (BoI) have pledged collaboration to raise the tempo of maritime investments and shipping development financing. Making the pledge at the maiden edition of the Nigeria Maritime Finance Fair put together in […] More »
Read More »

Iraq’s southern oil exports average 3.44 mln bpd so far in June – officials

Iraq's southern oil exports average 3.44 mln bpd so far in June - officials. Iraq’s oil exports from its southern ports have reached 3.44 million More »
Read More »

Saturday, 29 June 2019

NPA commences verification of pensioners, goes to the disabled

Vincent Toritseju Lagos — The Nigerian Ports Authority, NPA, has commenced the verification of its pensioners with a view to ascertaining how many are dead or alive. The Authority has also concluded plans to take the verification exercise to homes of disabled retirees so as to save them the stress of coming to venues of […] More »
Read More »

Brazil’s Petrobras says it has begun sale process for four refineries

Sao Paulo — Brazil state-controlled oil company Petroleo Brasileiro SA said on Friday it had begun the process for selling four of its refineries, as part of a broader plan to sell eight of them, the equivalent of half of its refining capacity in the country. Petrobras, as the company is known, said in a […] More »
Read More »

Norway wealth fund to map phasing out of oil companies from investments: finance ministr

Oslo — Norway’s $1 trillion sovereign wealth fund, the world’s largest, must assess how the planned phase out of oil and gas exploration and production companies from its investments will be conducted, the finance ministry said on Friday. As part of Norway’s efforts to shift its “rainy day” fund away from oil, the country’s parliament on […] More »
Read More »

Maritime practitioners raise alarm over foreign guards on Nigeria’s water

*Laments proliferation of Recognized Security Organisations Vincent Toritseju Lagos — A group, Maritime Security Providers Association of Nigeria, MASPAN, has said that foreign armed marine security personnel has taken over Nigeria’s territorial waters, a development they say is against international laws. Speaking at the group’s Annual General Meeting, AGM, held in Lagos, its President, Capt […] More »
Read More »

Philadelphia refinery workers plan for uncertain future after jobs go up in smoke

Philadelphia — At Erin Pub, a classic Irish neighborhood bar in Norwood, Pennsylvania, dozens of Philadelphia Energy Solutions Inc’s unionized employees crammed around the bar on Wednesday night, toasting to their friendships after learning that day of plans to close the refinery permanently after a devastating fire less than a week earlier. They were openly […] More »
Read More »

Mexico’s president says big bank loan shows confidence in Pemex

Mexico City — An $8 billion syndicated loan to Mexico’s national oil company Pemex is a sign of confidence by more than 20 banks involved in the operation, Mexican President Andres Manuel Lopez Obrador said on Friday, after a recent credit downgrade for the firm. The deal to renew Pemex credit lines and refinance liabilities was […] More »
Read More »

WARTU, NARTO plan cargo distribution centers across Nigeria, Africa

*To introduce Truck Loading Form Vincent Toritseju Lagos — WEST Africa Road Transport Union (WARTU) and its Nigerian counterpart, National Association of Road Transport Owners (NARTO) have concluded plans to establish cargo distribution centers across Nigeria and Africa with a view to enhancing cargo delivery services. Besides, the bodies are also set to introduce Truck […] More »
Read More »

Death toll rises at Glencore mine in Congo after collapse

Kinshasa — The number of artisanal miners killed by a landslide at a copper and cobalt mine run by Glencore in Congo rose to 43 on Friday and officials said the army would deploy at the mine as the search for more victims continued. Thursday’s accident occurred in the KOV open-pit mine at the Kamoto […] More »
Read More »

Hydrographic knowledge key to maritime maritime operations – Usman

Vincent Toritseju Lagos — The Managing Director of the Nigerian Ports Authority, NPA Hadiza Bala Usman, has said that well-charted territorial water through hydrographic exercise will enhance the nation’s maritime operation. Speaking at this year’s World Hydrographic Day held at the Naval Dockyard in Lagos, Bala Usman called for a greater synergy among stakeholders with […] More »
Read More »

NIMASA pledge to partner BoI in maritime finance

*Train additional 300 cadets, expands maritime potential Vincent Toritseju Lagos — The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Bank of Industry (BoI) have pledged collaboration to raise the tempo of maritime investments and shipping development financing. Making the pledge at the maiden edition of the Nigeria Maritime Finance Fair put together in […] More »
Read More »

Iraq’s southern oil exports average 3.44 mln bpd so far in June – officials

Basra — Iraq’s oil exports from its southern ports have reached 3.44 million barrels per day (bpd) so far in June, two oil officials told Reuters on Friday. Exports from its southern Basra ports averaged 3.441 million bpd in May. Repair works at a section of a marine pipeline in the Gulf which transports crude […] More »
Read More »

Nigeria’s vessel inspection rise 81%, regional body commends NIMASA

Vincent Toritseju Lagos — Nigeria’s Port State Control, PSC, ratings shot up by 81.7 percent with a total 636 ship inspections in 2018 against 350 recorded in 2017. The development has consolidated Nigeria’s leadership in this vital maritime safety indicator. Nations’ maritime regulators use PSC instrument for the inspection of foreign ships in national ports […] More »
Read More »

Tuesday, 25 June 2019

NCDMB mentors Uganda on local content implementation

Mkpoikana Udoma Port Harcourt — The Nigerian Content Development and Monitoring Board, NCDMB, has begun to provide guidance to the Ugandan Petroleum industry on the implementation of local content in their budding oil and gas industry. A delegation drawn from four different agencies in the Ugandan petroleum department visited NCDMB recently, to understudy the implementation […] More »
Read More »

Oil prices in balance between demand worries, U.S.-Iran tensions

LONDON — Oil prices hung in the balance on Tuesday as concerns over declining crude demand were offset by risks to supply linked to new U.S. sanctions on Iran. Benchmark Brent crude futures were down 12 cents at $64.74 a barrel by 0832 GMT. U.S. crude futures were up 3 cents at $57.93 a barrel. […] More »
Read More »

AfDB welcomes ‎€40m European Commission facility for Energy Inclusion

LISBON, Portugal — The African Development Bank announced a EUR 40 million investment from the European Commission for the Facility for Energy Inclusion, FEI, a new platform for financing small-scale renewables in Africa. The announcement was made to energy sector stakeholders at a sideline event held during the Africa Energy Forum, which took place in […] More »
Read More »

OPEC daily basket oil price closes at $65.05 per barrel

Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $65.05 a barrel on Monday, compared with $65.29 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi […] More »
Read More »

Friday, 21 June 2019

NSE trading: Seplat, Double One top gainers

Lagos — Seplat Petroleum and Double One were top gainers at Friday’s trading at the Nigerian Stock Exchange, NSE, for energy companies. Trading also saw Oando slip. Seplat opened with N497 and closed with N510 in 20 trade deals and 247,374 volumes valued at 125,863,168.20. Double One, on the other hand, opened market activities with […] More »
Read More »

Wednesday, 12 June 2019

NORDIC POWER – Forward prices down on lower coal, carbon prices

News Wires — Nordic forward power prices dipped on Wednesday on falling coal and carbon prices, wet weather forecast and improving water reserves in the hydropower-dependent region. * Nordic front-quarter baseload power contract fell 1.05 euros to 32.05 euros per megawatt hour (MWh) at 1059 GMT. * Nordic front-year lost 0.5 euros to 34.65 euros/MWh. […] More »
Read More »