A new energy-efficient vessel, AKTORAS, chartered by Nigeria LNG Limited (NLNG), has arrived Bonny Terminal for its maiden loading of LNG.

There are indications that seven factors – many years of environmental pollution, conflicts with host communities, petitions against divestment, several judgment

Federal Government, yesterday, said it expects the renewable energy sector to contribute about 9,000 Megawatts of power supply to the country by year 2030…

U.S. Agency for International Development, USAID and the Federal Ministry of Power, yesterday signed a memorandum of understanding…

PEBEC noted that NPA drove about 63 reforms, which doubled the number of activities it engaged in ahead of other FG agencies thereby earning her the title of “the most committed agency” that achieved 100% feat.

“We want to commend NIMASA for emerging as the best Nigeria’s Agency of Government in exemplary teamwork, quality service delivery and consistency. PEBEC also wishes to commend the Minister of Marine and Blue Economy, Adegboyega Oyetola for his commitment to ensuring that all the Agencies under the Ministry improve their service delivery in a consistent manner.”

“The Nigeria Shipowners Association acknowledges the significant challenges you face, from the perils of the sea to the sacrifices of being away from your loved ones. We are committed to advocating for your welfare, ensuring safe working conditions, and promoting policies that recognize and respect the vital role you play.”

“I expect participants of SEDS to become job creators, employment generators and dependable entrepreneurs instead of job seekers; that from now on, we will have more job providers, more investors, more entrepreneurs and more of those who will help build the blue economy sector of our dream.”

“I congratulate you all our Reform Champions and the Management and entire staff of OGFZA for making us proud. I encourage you to keep up the spirit.”

Despite the challenging business environment, Oando PLC, Nigeria’s leading indigenous energy solutions provider, posted a N74.7 billon Profit-After-Tax (PAT) in its full-year-ended 2023

Chartered Institute of Stockbrokers (CIS), has inducted the Group Managing Director and Chief Executive Officer of Zenith Bank Plc, Dr Ebenezer Onyeagwu as an Associate Member.

NNPC Limited and ExxonMobil have signed the settlement agreement on the proposed $1.28 billion asset divestment of Mobil Producing Nigeria Unlimited to Seplat Energy Offshore Limited.

Platform Petroleum, a leading Nigeria’s indigenous oil and gas company, has unfolded plans to achieve 10,000 barrels of oil and at least 50 billion standard cubic feet of gas daily by 2025.

Despite having 27 power plants connected to the National Grid with an installed capacity of 12,249 Megawatts, a huge debt of N1.3 trillion has pushed generation companies’ plant available capacity to just 34.66 percent or 4,251.81MW in the first quarter of 2024, latest data from the Nigerian Electricity Regulatory Commission, NERC, has indicated.

THE tanker market is bound to be further impacted by the escalation of the Middle East tensions. In its latest weekly report, shipbroker Xclusiv said that “news of an Israeli strike on Iranian territory, potentially escalating tensions in the Middle East, sent shockwaves through global markets.