‘Nigerian ports handle 2,427 vessels in six months’

Besides crude oil terminals, 2,427 ocean going vessels with a total Gross Registered Tonnage (GRT) of 60,096,179 gross tons called at Nigerian Ports in...

DPR laments non-production by marginal fields

The aspiration of the Federal Government to grow the country’s oil reserves to 40 billion barrels has suffered a major setback as over 80...

Nigerian ship owners decry Govt neglect

Nigerian ship owners have raised the alarm over government neglect of the shipping sector of the economy. The ship owners, under the aegis of Indigenous...

Wright’s Well Control Services provides fluid delivery system for Chevron

Wright’s Well Control Services was contracted by Marine Platform Limited and Chevron Nigeria to provide a means of supplying a fluid delivery system for...

Stakeholders advocate abolition of kerosene subsidy

Stakeholders in the downstream sector of the oil industry have called on the federal government to abolish payment of subsidy on kerosene and utilise...

‘3% benchmark freight levy review can’t crash shipping cost’

High expectations by stakeholders that the October 1, 2013 takeoff of the downward reviewed three percent benchmark freight levy on imports and exports in the...

Gas demand by power sector to rise to 2,200mmcfd by 2015 – NNPC

The Nigerian National Petroleum Corporation (NNPC) Wednesday said it expects gas demand by Nigeria's power sector to grow to about 2200 Million Standard Cubic...

NNPC invites investors for $15bn Ogidigben gas project

The Nigerian National Petroleum Corporation is calling on more investors to participate in the Ogidigben Industrial Park project in Delta State. The Group Managing Director,...

NARTO gives PEF ultimatum to review Project Aquila

The National Executive Council of the Nigerian Association of Road Transport Owners has given the Petroleum Equalisation Fund a two week ultimatum to correct...

Anxiety at ports over Customs irregular tariff regime

There are indications that Customs agents in Lagos ports may down tools to protest the irregular Customs tariffs classification on cargoes which operators said...

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