The Nigerian Maritime and Safety Administration (NIMASA) has initiated the preparatory phase for deploying the modular floating dock at Apapa Continental Shipyard.
Bashir Jamoh, the director-general, made this announcement in a statement released on Wednesday, February 14, in Lagos.
He said that the installation preparations are underway for the heavy 50-ton cylindrical spuds, which will serve as anchors for the dock.… Read the rest
The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday, formally received the report for the implementation of the Port Community System (PCS) in Nigeria, a move that will enhance the ease of doing business in ports within the country.
The PCS initiative aligns with the Convention on Facilitation of International Maritime Traffic (FAL) of the International Maritime Organization (IMO), and its objectives include preventing unnecessary delays in maritime traffic, enhancing cooperation between governments and ensuring uniformity in formalities and procedures.… Read the rest
In a pre-emptive move to remove any potential misinterpretation, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has explained that the upcoming ‘closed’ bid round for the sale of oil and gas blocks this year was legal and in line with the provisions of the Petroleum Industry Act (PIA) 2021.
The commission also stated that Nigeria’s national technical oil production potential currently stood at 2.26 million barrels per day (bpd) well above the 1.5 million bpd production quota allocated to the country by the Organisation of Petroleum Exporting Countries (OPEC).… Read the rest