Thirteen ships laden with petroleum products, general cargo and food items have arrived the Lagos ports, waiting to berth, NAN reports. The Nigerian Ports Authority (NPA) stated this in its daily publication, `Shipping Position’ made available to newsmen on Thursday in Lagos. According to the
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The Shell Petroleum Development Company (SPDC) says it is determined to complete its projects in Nigeria without fear of abandonement, in spite of challenges in its operations. The Managing Director, SPDC and Country Chair, Shell Companies in Nigeria, Mr Osagie Okunbor, said this on Wednesday at a panel session of oil majors at the 15th Nigeria […]
Internet giants Yahoo! Inc. has revealed plans to shut down its office in China, a move which will eliminate 200 to 300 jobs. Yahoo, according to a statement released on Wednesday stated that it has been consolidating offices and trimming staff around the world. Yahoo also told employees based in Beijing that it will close […]
1 Director General , Nigerian Tourism Development Corporation (NTDC) Chief . Dr. (Mrs.) Sally Mbanefo assisting the Airport Manager, Mr Mohammed Muktar to cut the tape during the commissioning of the NTDC stand recently held at the Nnamdi Azikiwe International Airport, Abuja while others look on. 2 Left-Right; Director General , Nigerian Tourism Development Corporation
Were you aware that fuel saving measures can have a negative effect on the lashing forces on the containers? Olivier van der Kruijs, Risk & Quality Manager and Marine Surveyor at BMT Surveys, shares his experiences from the audits on more than one hundred container vessels last year.The latest generation of container ships have been […]
DNV GL is launching an advanced hull and propeller performance analytics module as part of the new fleet performance management service ECO Insight. The module is based on computational fluid dynamics (CFD) methods to correct for changing operational conditions and produces much more accurate results than existing approximate or experimental methods. Fuel efficiency
Sharp differences in export diversification and foreign net asset positions help explain why some oil-producing countries are likely to weather sustained oil price pressure much better than others, according to Fitch Ratings. A Fitch study of sensitivity to an extended USD50/bbl West Texas Intermediate (WTI) crude oil price shock employed a simplified graphical approach to
Brussels Airlines returns to Washington DC Brussels Airlines has commenced a determined marketing and sales drive to support their return to Washington DC, which will, come March 29, again be served five times a week. The airline’s four East African destinations Entebbe, Kigali, Bujumbura, and Nairobi will all see special offers being launched as of […]
The Nigerian crude oil industry is not only oily but also crude. That was the damning verdict of the Emir of Kano, HRM Muhammadu Sanusi 11, while speaking on the Cable News Network (CNN) on Wednesday. The emir, the immediate past Governor of the Central Bank of Nigeria (CBN), identified the unresolved controversy over kerosene […]
President Jacob Zuma of South Africa and the office of the Independent Power Producer (IPP) have declared separately that the country expects to generate close to 8,000MW of gas fired electricity by 2019. This quantum of power will require at least two billion cubic feet of gas per day, which with the country’s current gas reserves […]
The Chief Executive Officer of Eko Electricity Distribution Company (EKEDC), Dr. Oladele Amoda, has disclosed that company has set aside $15 million for the acquisition of both maximum demand metres for industrial users and another N20 billion for residential and commercial customers in order to improve electricity supply. Amoda said the company is making efforts […]
The leadership of Western Zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured Nigerians of effective distribution of petroleum products during and after the general election across the hinterland of the country. Chairman, Western Zone of IPMAN, Alhaji Debo Ahmed, gave the assurance during the inauguration of Caretaker Committee to steer
Niger Delta Petroleum Resources (NDPR) has formed a joint venture with Nile Petroleum Corporation, the South Sudanese state hydrocarbon company, to “fully monetize and commercialize the entire Gas Reserves of The State of South Sudan.” NDPR’s Chief Executive, Layiwola Fatona, who made this known to guests at the Lagos Oil Club Question and Answer session, […]
Barely six months after its epoch-making entry into Nigeria’s mobile phone market, the Wiko ‘Getaway’ has been unveiled as the latest addition to the extensive Android smartphone line-up in the market by Europe’s fastest growing mobile phone brand, Wiko. The company has also collaborated with Jumia, a top-tier online shopping platform, to further build the […]
The Bank of Industry (BoI) has pledged support for the adoption of smart technology by local manufacturers in order to compete effectively with imported goods. Making the commitment in Lagos on Tuesday, Managing Director of BoI, Mr. Rasheed Olaoluwa, disclosed that the development institution was collaborating with technology researchers across the country to further the
Chairman of the Nigerian Aviation Handling Company Plc, (NAHCo Aviance), Mallam Suleiman Yahyah, has commended the Customs Area Commander (CAC) at the international wing of the Murtala Muhammed Airport (MMA), Lagos Command, Mr. Folorunso Adegoke, for the command’s efforts at providing the enabling environment for increase in cargo revenues. Yahyah, who gave the
ConocoPhillips has announced its 2015 to 2017 capital budget and growth outlook, in which it says the oil prices will remain unstable in the near future, thereby making the company to reduce its three year spending plan from $16 billion per year to $11.5 billion. Chairman and Chief Executive Officer, of the company, Ryan Lance […]
GOtv has continued to churn out quality programming of its low cost digital terrestrial pay-tv extending it to hundreds of thousands of households and making entrance into four new cities. The latest cities to benefit from the quality programming of the low cost digital terrestrial pay-tv are; Birnin Kebbi, Ilorin, Minna and Zaria. At the […]
The Minister of Petroleum Diezani Alison-Madueke has raised an alarm that low oil prices constitute a threat to Nigeria’s plan to raise crude oil production to 4 million barrels per day (b/d) by 2020. Alison-Madueke made this assertion at Nigeria Oil & Gas 2015 conference in Abuja, adding that “persistent depressed oil prices may limit […]
Turkish Airlines’ 25th flight destination in Southern Europe With existing services to the capital Lisbon, “The Best Airline of Europe”* for the fourth consecutive year, Turkish Airlines added flights to Porto as its 2nd destination in Portugal. Beginning from April 30th 2015, roundtrip flights between Istanbul and Porto will be operated 4 times per week […]
