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
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.
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
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