Monday, November 29, 2021
Home Oil and Gas

Oil and Gas

2018: Pressure Mounts on Tanker Market

2018 is not likely to bring much relief for tanker owners as both supply and demand continue to exert pressure on earnings. “We are currently...

Tanker Sinks off Greece, Oil Clean-Up Ops Launched

Oil spill clean-up operations have been launched off the coast of Salamina, Greece after a 3,205 dwt oil tanker sank in the area, according...

NNPC Cuts Crude Oil Production by $55 Per Barrel, Saves $3bn

The Nigerian National Petroleum Corporation (NNPC) has been able to cut the cost of crude oil production from $78 per barrel as at August...

FEC Approves N31 bn for Metering – Fashola

The Federal Executive Council (FEC) has approved the release of N31 billion to Discos for metering in the power sector. The Minister of Power, Works...

Oil Pipeline Vandalism Down 32.9 Per Cent- NNPC

Level of vandalism of crude oil pipelines dropped by 32.93 per cent, from 82 cases in April 2017 to 55 cases in May, 2017,...

IMO’s Emission Reduction Plan Makes ‘Modest’ Progress

The International Maritime Organisation’s (IMO) tentative step towards a plan to cut shipping’s climate emissions represents only ‘modest’ progress, Transport & Environment cited the...

OPEC Puts Pressure on Crude Tanker Market

The OPEC-led production cuts are having negative implications for crude tankers, particularly very large crude carriers (VLCCs), where earnings saw a significant drop since...

Nigeria’s Crude Production Rises to 2.2m Barrels Per Day

Nigerian National Petroleum Corporation (NNPC) has said that Nigeria’s crude oil production has hit 2.2million barrels per day. Its Group Managing Director (GMD, Dr Maikanti...

Apapa Gridlock:NUPENG Canvasses Alternative Loading Depots

An appeal has gone to the Nigerian National Petroleum Corporation (NNPC) from the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) to open...

Ships Fuel: Limited Enforcement Expected for Sulfur Rules

The implementation of the 0.5 percent sulfur limit for fuel used by ships from 2020 may not be robustly enforced, it was pointed out...

Fuel Scarcity Likely as Tanker Drivers Begins Strike Today

A fresh round of fuel scarcity is most likely to occur  as  Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has insisted  it...

NNPC Targets 60% Local Refining Capacity by End 2017

The Nigerian National Petroleum Corporation (NNPC) has said that it will reduce petroleum products importation by boosting the capacity utilisation of local refineries to...
- Advertisment -

Most Read

NIMASA DG Assures on Safety of Gulf of Guinea for Virile Maritime Activities

Meets with Danish Amb. over Killing of Pirates Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has said...

Comrade Adeyanju Bags League’s Meritorious Award on Peace Initiative in Maritime

 Shola Fadeyi For his unalloyed commitment to the promotion of  peace in the maritime sector of , Comrade Adewale Adeyanju , the President General of...

NDLEA Seizes 12,385kg Drugs Smuggled Into Lagos On Waterways

12,385 kilograms of Loud Cannabis, a strong variant of the illicit weed imported from a neighbouring country and smuggled into Lagos through the waterways...

IMO Fails to End Ships Climate Emission by 2050

  The International Maritime Organization (IMO) failed to revise the current greenhouse gas (GHG) target for 2050 to speed up the decarbonization of the global...