Nigeria losing $1bn to Illegal oil bunkering annually as firms patronise bunkerers

Nigeria loses an estimated $1 billion yearly in the West African bunkering market valued at over $3 billion as some oil companies operating in...

C&I Leasing lauds BoI, FCMB’s support in oil service vessel acquisition

The Managing Director of C & I Leasing Plc, Mr Andrew Otike-Odibi, has praised the First City Monument Bank (FCMB) and the Bank of...

UK lauds Nigerian Navy for tackling piracy, protecting oil vessels in Gulf of Guinea

The United Kingdom (UK) Foreign Secretary, Mr Boris Johnson, on Thursday in Lagos said that a lot of the UK's oil came through Nigerian...

Pakistani govt approves oil and gas imports from Nigeria

The Pakistani government has given the go-ahead to the Ministry of Energy for kicking off negotiations with Nigeria to explore the possibility of cooperation...

Nigerian LNG cargo to arrive Portugal on September 10th

Shipping data by the Port of Sines shows that REN-operated Sines LNG import terminal in Portugal is to receive a new cargo of the...

U.S. demand for Nigerian crude weakens as Harvey impacts on refineries

Nigerian crude differentials were steady to lower on Thursday and some traders said weaker U.S. demand because of the outage of a sizeable chunk...

Homeland takes delivery of new oil & gas security vessel from Damen

A Damen 3307 Patrol Vessel has been delivered to Homeland Integrated Offshore Services Ltd (Homeland) of Lagos, Nigeria, taking their fleet of these award-winning...

NIMASA introduces new cabotage policy

The Nigerian Maritime Administration and Safety Agency (NIMASA), said it had introduced a new Cabotage Compliance Strategy (NCCS), for a successful coastal and inland...

Nigeria loses $120m to demurrage annually on imported fuel

The federal government is currently counting significant losses arising from demurrage paid by vessels which bring in imported petroleum products into the country. Available...

NIMASA to ban vessels with high fuel sulphur levels

The Nigerian Maritime Administration and Safety Agency (NIMASA), said it would put a stop to vessels with high amount of sulphur in the fuel...

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...