Category: International

World’s Largest Car Carrier Debuts
January 23, 2024 No Responses

World’s Largest Car Carrier Debuts

SAIC Group, a prominent Chinese automotive manufacturer, officially named and commissioned the LNG dual-fuel car carrier SAIC Anji Sincerity. Constructed by CSSC Jiangnan Shipyard, the vessel, featuring 7,600 parking spaces, is exclusively built for SAIC Anji Logistics, a subsidiary of...
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ExxonMobil Sues Investors 
January 22, 2024 No Responses

ExxonMobil Sues Investors 

Oil giant ExxonMobil has sued climate activist investors in a bid to prevent their climate proposal from going to a vote at its annual investor meeting. The complaint is against Follow This and Arjuna Capital, which have called on Exxon...
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BYD Takes Delivery Of First Car Carrier
January 21, 2024 No Responses

BYD Takes Delivery Of First Car Carrier

BYD, a China-based electric vehicle (EV) manufacturer that overtook Tesla as the world’s biggest EV seller in 2023, has taken delivery of its first car carrier which is dual-fueled. The maiden voyage ceremony for BYD Explorer No.1, the 7,000 CEU...
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Shell Suspends All Red Sea Shipments 
January 18, 2024 No Responses

Shell Suspends All Red Sea Shipments 

Shell has suspended all shipments through the Red Sea indefinitely amid the ongoing Houthi attacks from Yemen on commercial vessels on the key global trade route. Shell is the latest firm in a long line of companies, which decided to...
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Kia, Uber Seal Ride Hailing MoU
January 17, 2024 No Responses

Kia, Uber Seal Ride Hailing MoU

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QatarEnergy Seals $2.4b Contract For Eight LNG Carriers
January 14, 2024 No Responses

QatarEnergy Seals $2.4b Contract For Eight LNG Carriers

QatarEnergy has sealed a contract with Chinese shipbuilder, CSSC Hudong Zhonghua shipbuilding for the construction of eight Q-Max ultra-large LNG carriers valued at over $2.4 billion and are to be delivered between 2028 and 2029. According to World Maritime Ne...
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10 Corps Members Depart For India On Youth Exchange Programme
January 14, 2024 No Responses

10 Corps Members Depart For India On Youth Exchange Programme

Ten National Youth Service Corps (NYSC) members will travel to India on Sunday to participate in a Youth Exchange Programme organised by the Indian National Cadet Corps. The annual programme is held to commemorate the Independence Anniversary of the Republic.....
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Total Energies Visits NCDMB, Reconfirms Final Investment Decision For Ubeta Project in 2024
January 13, 2024 No Responses

Total Energies Visits NCDMB, Reconfirms Final Investment Decision For Ubeta Project in 2024

Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer reconfirmed that the company ...
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FG To Raise N35b For Ajaokuta Light Steel
January 12, 2024 No Responses

FG To Raise N35b For Ajaokuta Light Steel

The Federal Government will raise about N35 billion for the Ajaokuta Light Steel mill through the local financial market. Mr Shuaibu Audu, Minister of Steel Development, disclosed this to State House Correspondents after a meeting with President Bola Tinubu on...
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Chevron Nigeria Appoints New Chairman/MD
January 11, 2024 No Responses

Chevron Nigeria Appoints New Chairman/MD

CHEVERON Nigeria Limited, CNL, operator of the joint venture between the Nigerian National Petroleum Company Limited and CNL, has announced the appointment of Jim Swartz as the Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit, effecti...
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TotalEnergies Increases Stake In Offshore Blocks 2913B, 2912
January 11, 2024 No Responses

TotalEnergies Increases Stake In Offshore Blocks 2913B, 2912

TOTALENERGIES has signed an agreement to acquire from Impact Oil and Gas Namibia (Pty) Ltd an additional 10.5% participating interest in block 2913B and an additional 9.39% participating interest in block 2912, both operated by TotalEnergies in Namibia. TotalE...
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Firm Gets $716m Contract For 15 Petrochemical Carriers
January 10, 2024 No Responses

Firm Gets $716m Contract For 15 Petrochemical Carriers

South Korean shipbuilding giant, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured $716 million contract for fifteen petrochemical product carriers. According to the shipbuilder company, the units will be constructed at Hyundai Mipo Dockya...
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Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank
January 10, 2024 No Responses

Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank

The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of just 2.4% in 2024 and stated higher interest rates were a major factor. Global trade and...
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Jetour Penetrates Abuja, Excites Residents
January 9, 2024 No Responses

Jetour Penetrates Abuja, Excites Residents

Jetour, the new kid on the block in the Nigerian auto market, was a cynosure of all eyes in its debut at the just concluded Abuja Auto Fair.The ‘Big Boys’ of Abuja, the nation’s capital, were excited about the different...
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