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NISA berates NNPC over crude oil carriage on FOB terms

NISA berates NNPC over crude oil carriage on FOB terms

ndigenous operators under the aegis of the Nigeria Shipowners Association (NISA) have berated the Nigerian National Petroleum Corporation (NNPC) over...

Posted on: Jul 31, 2015

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GE books $2.5 billion African orders from oil to locomotives

GE books $2.5 billion African orders from oil to locomotives

General Electric Co. booked $2.5 billion of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment for Eni SpA in Ghana...

Posted on: Jul 28, 2015

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Oil majors axe $200bn of new projects, UN issues new climate text

Oil majors axe $200bn of new projects, UN issues new climate text

OIL MAJOR CUTS: The world’s top hydrocarbon producers have postponed investments worth $200 billion due to low oil prices, reports the FT. “The plunge...

Posted on: Jul 27, 2015

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NERC hopes to end Geometric, Interstate dispute with Buhari’s consent

NERC hopes to end Geometric, Interstate dispute with Buhari’s consent

The Nigerian Electricity Regulatory Commission (NERC) has said the long drawn dispute between Interstate Electrics Limited and Geometric Power Aba Lim...

Posted on: Jul 27, 2015

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85% of crude meant for local refineries was exported in 2014

85% of crude meant for local refineries was exported in 2014

Data from the Nigerian National Petroleum Corporation (NNPC) has shown that it exported a total of 133.7 million barrels of crude oil (equivalent to 8...

Posted on: Jul 27, 2015

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