Month: September 2023

Nigerian Navy arrests eight stowaways in Lagos

The Nigerian Navy Ship (NNS) BEECROFT has arrested eight stowaways onboard Charminar Panama.

They were arrested on Friday at 2.00 a.m. by its patrol team during its routine patrol of the maritime environment.

Base Information Officer, Nigerian Navy Ship BEECROFT, Apapa Lagos, Sub Lieutenant HA Collins said the eight persons were arrested based on actionable intelligence, while they were attempting to exit the country through a vessel Charminar Panama within Lagos anchorage.… Read the rest

Dangote Refinery: Firm completes installation of 18 ultrasonic flare gas metres

Fluenta, a global leader in ultrasonic sensing technology for measurement of flare gas says it has completed installation of 18 ultrasonic flare gas meters on large pipelines around the Dangote Refinery Plant in Nigeria.

Mr Radek Kurkowski, a Director at Fluenta, said on Thursday that it spent more than four months working with its exclusive Nigerian representative, Daptem Engineering, and the Dangote project team to deliver a workable, accurate and reliable flare measurement solution.… Read the rest

MWUN petitions minister over IoC’s continuous denial of dockworkers’ jobs

The Maritime Workers Union of Nigeria (MWUN) has presented the challenges confronting labour employees in the maritime industry to the Minister of Marine and Blue Economy, Adegboyega Oyetola for immediate action.

This is even as the Union decried the lack of the Nigeria National Shipping Line (NNSL) and
employment of junior workers in maritime government agencies, including the Nigerian Ports Authority (NPA), Nigerian Inland Waterways Authority (NIWA) Nigerian Management Administration and Safety Agency (NIMASA).… Read the rest

FG working to remove bottlenecks around oil production — Lokpobiri

Lokpobiri who gave the assurance when the leadership of Independent Petroleum Producers Group, IPPG, and the Oil Producers Trade Section, OPTS, visited him in Abuja yesterday, said the government was committed to removing all bottlenecks hindering ease of exploration and production in the energy sector.

Current oil production figures show that Nigeria produced 1.18 million barrels per day (mbpd) last month against OPEC quota of 1.7mbpd and the 1.69mbpd set in this year’s budget.… Read the rest

Fuel scarcity looms as NUPENG begins mobilisation for labour unions’ strike

The Nigerian Union of Petroleum and Natural Gas (NUPENG) on Thursday directed its members to commence full mobilisation to ensure compliance with the directive of the Nigerian labour unions to embark on an indefinite strike.

Members of NUPENG include the influential Petroleum Tanker Drivers (PTD) whose members drive the petrol and diesel tankers that distribute the products from Lagos, where they are imported, across Nigeria.… Read the rest

Greece removes Nigeria from vessel charter party

ABOUT 30 per cent of shipping companies in Greece have removed Nigeria from their charter party, following complaints over hostile environment and alleged harsh treatment meted on crew members of vessels caught up in maritime security issues.

Disclosing this during the Maritime and Offshore Awards (OMIS) at the weekend, the President of Maritime Security Providers Association of Nigeria (MASPAN), Emmanuel Maiguwa, said Greece, which holds about 70 per cent of global tonnage on vessel operations, has stopped its vessels from coming to Nigeria.… Read the rest

Gas marketers ask govt to ensure price stability

Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has appealed to government to ensure stability in price of gas.

The appeal was made during the 36th Annual General Meeting of NALPGAM held at Golden Tulip in Ibadan, Oyo State capital.

The National President of NALPGAM, Mr Abideen Olatunbosun, noted the importance of prioritising gas availability for all Nigerians.

He expressed concerns that if the rising gas prices are not addressed, gas might become a commodity only affordable to the rich.… Read the rest

Rumour Of Fuel Price Hike Unsettles Motorists, Commuters

Motorists in Lagos and Ogun states are going through hard times to buy petrol as many stations yesterday shut down operations, heightening speculation of possible hike in pump price.

LEADERSHIP had yesterday reported that supplies had dropped significantly as the Nigerian National Petroleum Company Limited, NNPCL, which currently is the sole importer of products, may have reverted to the crude swap initiative to sustain distribution of petrol that had since May this year been disrupted after President Bola Tinubu announced the removal of subsidy.… Read the rest

How Nigeria’s PSCs Crude Oil Output Fell to 34% in 12 Months Amid Perennial Underproduction

Oil output from Nigeria’s Production Sharing Contracts (PSCs) with partnering firms fell to a record low of 34 per cent within a period of 12 months, underscoring the seriousness of the country’s perennial inability to produce enough crude oil for export.

A THISDAY review of the latest Oil and Gas Report released by the Nigeria Extractive Industries Transparency Initiative (NEITI), covering 2021, showed that only 12 of the PSC blocks recorded production, while 23 other blocks, representing 66 per cent of total number of PSC blocks had no output.… Read the rest

NNPC, partners sign deal to cut project contract cycle by 180 days

The Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Content Development and Monitoring Board (NCDMB) have signed an agreement with the International Oil Companies (IOCs) to reduce the contracting cycle to an optimal level of not more than 180 working days.

The state-owned oil company said in a statement seen by BusinessDay that the Memorandum of Understanding, which was executed on Monday at the NNPC Towers in Abuja, was a demonstration of NNPC Ltd’s commitment to the efficiency mandate as enshrined in the Petroleum Industry Act (PIA), which is hinged on developing an industry framework for an optimised contracting cycle.… Read the rest