EU Advocates Stricter Security Architecture at Nigerian Ports The European Union, EU, has called for stricter security architecture at the Nigerian maritime ports. The EU stated this during the closing ceremony of Western and Central Africa Port Security (WeCAPS) 1st mission training in Nigeria for ports in Lagos area. Speaking at the event Nico Vertogen,…
U.S. Seizes Iranian Oil from Tanker The United States recently confiscated a cargo of Iranian crude oil from a tanker at sea, according to a maritime security company, indicating that the seizure pre-dated Iran’s move to seize Chevron’s cargo of crude oil on Thursday off the coast of Oman. On Thursday, a Marshall Islands-flagged tanker…
Australia becomes Global Hub for Mining M& A Deals after Recording $37 Billion in Q1 Resource -rich Australia has become a global hub for M& A deals as automakers and chemical suppliers scramble to secure raw materials, with $37 billion worth of deals in the first quarter of this year. Reuters reports that this trend…
MOMAN Reiterates call for Deregulation of Downstream The Major Oil Marketers Association of Nigeria (MOMAN) has reiterated its call for complete deregulation of the downstream subsector of the Nigerian petroleum industry. Petrol subsidy under the current administration of President Muhammadu Buhari, is scheduled to end by June. MOMAN noted that subsidy removal needs to happen…
Norway Sovereign Fund to Support Teck Resources in Battle with Glencore Norway’s sovereign wealth fund, one of the world’s largest investors, has said it will support a plan by Canadian miner Teck Resources to spin off its metallurgical coal business and focus on copper and zinc, Reuters reports. On April 26, the Norwegian fund voted…
Saudi Aramco offers more vacuum gasoil supplies for May Saudi Aramco offered more vacuum gasoil (VGO) supplies to be exported from its Jizan refinery in May, according to traders and shipping data, in a sign that the refinery is yet to ramp up to full output. The Jizan refinery, Aramco’s newest facility, had been expected…
Seplat Launches STEAM Laboratories for Schools to Support Quality Education Leading energy company, Seplat Energy, has launched STEAM Laboratories initiative donating well-equipped STEAM Laboratories to schools to further promote a learning environment where students can participate actively in hands-on, practical STEAM learning. The aim of this initiative is to help students in the country unleash…
Africa Pushes For Access to Clean Cooking Africa is mobilizing capital to boost access to clean cooking with series of new deals aimed at funding energy transition projects across the continent. The African Guarantee Fund (AGF) and the Clean Cooking Alliance (CCA) recently announced a partnership that will promote investments in clean cooking companies and…
Gastech 2023 to Focus on Energy Industry’s Net Zero Target The world’s largest global exhibition and conference for the natural gas, LNG, hydrogen, and climate technology industries, Gastech, is set to take place in Singapore EXPO, from 5-8 September 2023, with a focus on meeting net zero target. The event, supported by Enterprise Singapore and…
Africa can benefit more from Energy Transition – Osinbajo Vice President Yemi Osinbajo has said that African countries will benefit more in the call for energy transition if they stop seeing themselves as the victims and take advantage of the huge inherent potential to build a future that it truly deserves. Africa, he noted, has…
