LNG Bunkering Hub Underway In Oman

LNG Bunkering Hub Underway In Oman

French energy major Total is looking to develop a liquefied natural gas (LNG) bunkering hub in Oman under a recently signed Memorandum of Understanding (MoU).  The company said it would use its equity gas entitlement as feedstock to supply LNG as a...
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Total Pulls Out Of $1Billion Gas Deal

Total Pulls Out Of $1Billion Gas Deal

French energy giant Total is preparing to pull out of a billion dollar gas project in Iran in the face of renewed US sanctions. Total said it will unwind operations by November unless sanctions are waived. Washington is re-imposing strict...
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Abuja Firm Partners Austrian Institute, Unveils Research, Innovation Facility

Abuja Firm Partners Austrian Institute, Unveils Research, Innovation Facility

A new Nigerian R&D laboratory has been unveiled in partnership with Ars Electronica, an Austrian scientific and artistic institute.    The Institute is experimenting with groundbreaking digital art technological innovations.   The Abuja-based research a...
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Autonomous Ships Take Centre Stage At IMO Meeting

Autonomous Ships Take Centre Stage At IMO Meeting

Come May 16, the International Maritime Organization’s (IMO) efforts on the regulation of autonomous ships will begin with the 99th session of the Maritime Safety Committee (MSC 99).  The MSC will begin looking at how the safe, secure and environmentally...
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Nigerian To Sue US Customs Over $41,000 Seizure

Nigerian To Sue US Customs Over $41,000 Seizure

A Nigerian woman is suing the US customs agency after it seized tens of thousands of dollars which was earmarked to build a free medical clinic in Imo state.  According to the Washington Post, Anthonia Nwaorie was carrying $41,000 (£30,000)...
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Forum Explores SME Access To Funding Through Capital Markets

Forum Explores SME Access To Funding Through Capital Markets

The public sessions of the International Organization of Securities Commissions (IOSCO) opened on Thursday with special focus on Small and Medium Enterprises (SME) access to funding through capital markets.  Members also explored the sale of unsuitable produc...
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ICTSI Posts $44.1 million Net Income In   Q1

ICTSI Posts $44.1 million Net Income In Q1

Drag from the new terminals has seen Philippine-based terminal operator ICTSI report a lower profit in the first quarter of 2018. The company said that its net income attributable to equity holders stood at USD 44.1 million, 15 percent less than...
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US Pulls Out Of Iran Nuclear Deal

US Pulls Out Of Iran Nuclear Deal

US President Donald Trump says he will withdraw the US from an Obama-era nuclear agreement with Iran. Calling it “decaying and rotten”, he said the deal was “an embarrassment” to him “as a citizen”. Going against advice from...
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Test Of Courage For Audi Drivers In Belgium

Test Of Courage For Audi Drivers In Belgium

Belgium, some 80 kilometers southeast of Brussels will host round three of the FIA World Rallycross Championship (World RX) this weekend (May 12/13) – and test the drivers’ courage.   The two EKS Audi Sport drivers are travelling to Mettet...
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More Strikes Threaten Future Of Air France, Says Minister

More Strikes Threaten Future Of Air France, Says Minister

The survival of strike-hit Air France is in the balance, according to the country’s economy minister. Bruno Le Maire’s warning that Air France could “disappear” comes as staff begin another round of industrial action over a pay dispute....
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Corporation Unveils Helix Terminal At Port of Barcelona

Corporation Unveils Helix Terminal At Port of Barcelona

Miami-based cruise company Carnival Corporation & plc officially opened its second cruise terminal at the Port of Barcelona on May 5. Located on the port’s Adossat wharf, the Helix terminal will accommodate Carnival Corporation’s new class of next-gene...
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Panasonic To Pay $280m Corruption Fine

Panasonic To Pay $280m Corruption Fine

Japanese electronics giant Panasonic has agreed to pay more than $280m (£203m) to resolve charges brought under US anti-corruption law. The US said the firm’s in-flight entertainment division hired consultants for “improper” purposes and con...
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Grimaldi Okays $400m For Six RoRos

Grimaldi Okays $400m For Six RoRos

The Grimaldi Group from Italy has ordered the construction of six RoRo vessels from the Chinese Jinling shipyard.  The sextet, worth USD 400 million, is scheduled for delivery in 2020, and forms part of the company’s ambitious fleet expansion plan....
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Audi Rolls Out New Q5L SUV With Long Wheelbase

Audi Rolls Out New Q5L SUV With Long Wheelbase

It boasts of  4.77 meters (15.6 ft) long and offers plenty of space for five people and loads of luggage: Audi is presenting the new Q5L at the Beijing Motor Show from April 25 to May 4. The long version...
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