The House of Representatives’ Special Committee on Crude Oil Theft has collaborated with the Nigeria Navy to initiate for effective policing of pipelines and other critical assets in the oil and gas industry with the overall goal to tackle the menace of crude oil theft and pipeline vandalism.
This was as the committee met with the Chief of Naval Staff to strategize on collaborative measures in Abuja.… Read the rest
The recent award recognition and honour of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as the Regulator of the Year at the just concluded Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC 2024) is a great testament of the commission’s unwavering commitment to upholding regulatory standards within Nigeria’s oil and gas sector.
This recognition is in no small measure underscores the NUPRC’s firm commitment to ensuring compliance with regulations within Nigeria’s vital Oil and Gas industry and prodigious thanks to the man who is leading this great task, Engr.… Read the rest
The federal government says the country currently has about $30 billion in investment commitments from various investors.
Doris Uzoka-Anite, minister of industry, trade and investment, disclosed this at the ministerial media briefing in Abuja organised by the ministry of information and national orientation on Friday.
According to Uzoka-Anite, the commitments will be redeemed within five to eight years.
She said investments, commitments, and pledges were also received from oil and gas free zones.… Read the rest
The Nigerian Navy Forward Operating Base (FOB) Ibaka has warned maritime criminals to stay off Nigerian waterways as the command has stepped up surveillance to ensure no criminal escape from its area of responsibility.
The Commander, FOB Ibaka, Capt. Uche Aneke gave the warning on Friday during the handing over of MT BORA to Blueseas Maritime Company as investigations revealed that the vessel was not culpable.… Read the rest
The Nigerian Shipping and Port Economic Regulatory Agency Bill 2023 has passed second reading at the House of Representatives. The Bill seeks to repeal the Nigerian Shippers’ Council Act Cap N133 Laws of the Federation of Nigeria (LFN), and enact the Nigerian Shipping and Port Economic Regulatory Agency Act.
Presenting the Bill at the House of Representatives, the Chairman, House Committee on Shipping Services, Abdussamad Dasuki, said that the government made the Nigerian Shippers’ Council the Port Economic Regulator in 2015.… Read the rest
Nigeria could face a harsher economic climate as members of the Nigerian Association of Road Transport Owners (NARTO) on Thursday threatened to suspend operations on Monday due to rising operational costs.
National President of the organisation, Alhaji Yusuf Othman, in a press statement in Abuja, noted that if no deal is reached before then, members will park their trucks as from that day.… Read the rest
The Nigerian National Petroleum Company Limited/TotalEnergies joint venture has achieved zero routine gas flare in all its assets, NNPCL announced on Thursday.
It said the achievement was in pursuit of meeting the targets of 20 per cent (unconditional) and 47 per cent (conditional) greenhouse gas emission reduction as contained in the Nationally Determined Contribution under the Paris Accord signed by the President Bola Tinubu administration
This feat was announced on Thursday during an inspection tour of OML 100 in South-eastern Niger Delta, off Port Harcourt, by a joint NNPC Ltd and TotalEnergies team to ascertain the success of the OML flare reduction project launched in December 2023,” NNPCL stated in a statement issued in Abuja by its spokesperson, Olufemi Soneye.… Read the rest
This was seen in a memorandum issued by the commission, titled ‘Movement To Lagos,’ signed by Dr Kelechi Onyeakachi Ofoegbu, Executive Commissioner, Corporate Services & Administration, dated February 14, 2024 and obtained by SaharaReporters on Thursday morning.
The Nigerian Upstream Petroleum Regulatory Commission has revealed that it is considering relocating some of its units from the Federal Capital Territory, Abuja to Lagos State.
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