Category: Energy

SEC Suspends Oando’s AGM
June 10, 2019 No Responses

SEC Suspends Oando’s AGM

The Securities & Exchange Commission (SEC) has suspended the 2019 annual general meeting of oando plc earlier scheduled to told Tuesday, June 11th, 2019.In a statement on Monday morning, SEC said that, “further to the Ex-parte Order of the Federal...
read more
NNPC Records N174.62b Petroleum Product Sales In March
June 10, 2019 No Responses

NNPC Records N174.62b Petroleum Product Sales In March

The Nigerian National Petroleum Corporation (NNPC) on Sunday said it recorded N174.62 billion sale of white petroleum products in March.The corporation disclosed this in its March Monthly Financial and Operations Report (MFOR) released in Abuja.It says that Ma...
read more
LNG Firm Welcomes 173,400cbm Carrier
June 9, 2019 No Responses

LNG Firm Welcomes 173,400cbm Carrier

LNG carrier owner and operator, Flex LNG has received the 173,400 cbm carrier, Flex Constellation from South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME).According to the Oslo-listed company, Flex Constellation was delivered three weeks ahe...
read more
Oando: Court Restrains SEC
June 4, 2019 No Responses

Oando: Court Restrains SEC

The Federal High Court in Lagos on Monday restrained the Securities and Exchange Commission (SEC) from removing Mr. Wale Tinubu as the Group Chief Executive Officer of Oando Plc. It also barred SEC from imposing a fine on Tinubu and...
read more
Sunmonu, Ex-Shell Boss To Oversee Oando’s Interim Management Team
June 2, 2019 No Responses

Sunmonu, Ex-Shell Boss To Oversee Oando’s Interim Management Team

The crisis rocking Oando Plc took a new dimension on Sunday as the Securities and Exchange Commission (SEC) appoints an interim management team for the company.  According to SEC, the management team headed by Mr. Mutiu Olaniyi Adio Sunmonu CON,...
read more
Oando To SEC: Alleged Infractions Are Unsubstantiated
June 1, 2019 No Responses

Oando To SEC: Alleged Infractions Are Unsubstantiated

The management of Oando Plc has resolved to challenge the Securities and Exchange Commission (SEC) on the outcome of its forensic audit.  The company is of the view that the alleged infractions and penalties are unsubstantiated, ultra vires, inv...
read more
SEC Alleges Serious Infractions At Oando, Directs Wale Tinubu, Others To Resign
May 31, 2019 No Responses

SEC Alleges Serious Infractions At Oando, Directs Wale Tinubu, Others To Resign

The Securities and Exchange Commission, SEC, has concluded investigation of Oando Plc and directed among others the resignation of affected Board Members. The commission in a statement on Friday also barred the Group Chief Executive Officer (GCEO), Wale T...
read more
Cameron Begins LNG Export
May 31, 2019 No Responses

Cameron Begins LNG Export

All is now set for the export of Liquefied Natural Gas (LNG) from Cameron.  The 177,000 cbm LNG carrier Marvel Crane is poised to become the first ship to load LNG cargo from the Cameron LNG project that started production...
read more
Shell Nigeria Spends N221m On Infrastructural Projects In Rivers communities
May 24, 2019 No Responses

Shell Nigeria Spends N221m On Infrastructural Projects In Rivers communities

Shell Petroleum Development Company on Thursday said it invested over N221.08 million on several infrastructural projects in nine host Etche communities in Rivers. SPDC’s General Manager, External Relations, Igo Weli, spoke on Thursday at the formal handover...
read more
Firm To Power Vessels With Dead Fish
May 23, 2019 No Responses

Firm To Power Vessels With Dead Fish

Norwegian expedition cruise company, Hurtigruten has confirmed plans to power its ships with fuel made from dead fish and other organic waste.As informed, Hurtigruten and compatriot firm Biokraft have signed a 7.5-year liquefied biogas (LBG) supply d...
read more
Intels Denies Owing NPA
May 22, 2019 No Responses

Intels Denies Owing NPA

The Management of Nigeria’s oil and gas logistics giant, Intels Nigeria Limited said it is not indebted to the Nigerian Ports Authority (NPA), but rather NPA owes it more than US$750 million. The company, which issued a statement on Tuesday...
read more
NNPC To Inaugurate Largest LPG Storage In Edo
May 20, 2019 No Responses

NNPC To Inaugurate Largest LPG Storage In Edo

The Nigerian National Petroleum Corporation says it will unveil the largest Liquefied Petroleum Gas also known as cooking gas and Propane Storage and dispensing facility in Oredo, Benin City, Edo State. The Corporation disclosed this in a statement by its...
read more
APM Terminals Expands Scope, Integrates Into Maersk Logistics & Services
May 16, 2019 No Responses

APM Terminals Expands Scope, Integrates Into Maersk Logistics & Services

Come August 1, 2019, APM Terminals Inland Services will be integrated into Maersk Logistics & Services, providing customers with seamless access to a wider range of logistics & services offerings. This is a next step for A.P. Moller – Maersk...
read more
NIMASA Commences Process To End Gas Emission On Vessels
May 15, 2019 No Responses

NIMASA Commences Process To End Gas Emission On Vessels

The Nigerian Maritime Administration and Safety Agency (NIMASA) on May 10 had a landmark inaugural installation ceremony of the Thorium-X tablet, a fuel consumption data collection device, on board a Nigerian-flagged fuel tanker vessel, MT KINGIS, commencing t...
read more
1 … 66 67 68 69 70 … 88