Browsing Category
Environment & Oil &gas
FG closes Third Mainland Bridge for repairs Monday
The Federal Government through the Federal Ministry of Works will close up all ramps of the Third Mainland Bridge to traffic by 7am on Monday.
The Federal Controller of Works in Lagos State, Olukorede Keisha, made this known in…
Dangote Refinery too big to fail, will take months to start—Analysts
Maureen Aguta
Analysts have revealed that it would take months before Dangote Refinery finally commences full-scale production They said the production would likely be in phases with the crude distillation unit being the…
NNPC/Aiteo JV commences export of 950,000 barrels of Nembe crude oil grade
Maureen Aguta
The NNPC/Aiteo Joint Venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market.
The announcement of the Nembe Crude Oil Blend, produced by…
Dangote refinery starts test run in December with 6 crude cargoes
Joseph Irikefe
The Nigerian National Petroleum Corporation Limited (NNPCL) is set to supply the new 650,000 barrel-per-day Dangote oil refinery with up to six cargoes of crude oil in December to be used in test runs,…
Nigeria, other African countries boost OPEC oil output in October
Joseph Irikefe
Moderate increases in Nigeria and other African countries sustained a steady OPEC oil output in the month of October.
The modest increases across most of the OPEC African members offset the declines…
NNPCL paid $220m subsidy in August, to pay N1.68trn in Q4
Maureen Aguta
The Federal Government may spend about N1.68 trillion as subsidy on Premium Motor Spirit (PMS), also known as petrol, from September to December this year, an analysis of data provided by oil marketers…
NSML rebrands, now NLNG Shipping and Marine Services Limited
NLNG Ship Management Limited (NSML), a leading player in the maritime industry, has announced its name change to NLNG Shipping and Marine Services Limited.
A statement by Andy Odey, General Manager, External Relations and…
Seplat acquires Exxon’ $1.3bn shallow-water oil assets
Seplat Energy Plc, Nigeria’s biggest independent oil company, has agreed to acquire some of Exxon Mobil Corp.’s assets in the country for at least $1.28 billion.
The acquisition will almost triple Seplat’s production volumes, adding…
Adeyonju greats Buhari, maritime industry stakeholders at Christmas
Paul Ogbuokiri
As Christian across the world celebrates this Christmas, the President General of Maritime Workers Union of Nigeria (MWUN), Prince Adewale Adeyonju has sent message of felicitation to President Muhammadu Buhari and the…
Sublease Dispute: Ecobank loses 3 appeals to stop Mekwunye, from representing late CJN Elias’…
Ecobank Nigeria has lost appeals in three different courts seeking to stop Dr. Charles Mekwunye, SAN, from representing the estate of former Chief Justice of Nigeria, Justice Taslim Elias in a sublease dispute between the bank and late…