Oil Prices Climb Amid Middle East Tensions, Offsetting Economic Concerns Oil prices increased for a second consecutive day on Wednesday, driven by concerns over Middle East supply disruptions due to the Israel-Hamas conflict and the closure of a major Libyan oilfield. These factors outweighed apprehensions about growing U.S. oil production and concerns regarding sluggish economic…
Chevron Nigeria Welcomes New Chairman/Managing Director Chevron Nigeria Limited (“CNL”), the 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, effective April 1, 2024. Jim Swartz, who previously served as the Vice…
Ghana’s Investments in Digitalisation, Yielding Amazing Results – Dr. Bawumia Ghana’s Vice President and Flagbearer of the NPP, Dr. Mahamudu Bawumia has highlighted the enormous impact of digitisation on the country’s development, after seven years of investment in the sector by the NPP Government. Speaking at the opening of the 75th Annual New Year School…
Maritime Workers to Halt Strike as NPA Resolves Dispute with Oil Operators On January 8, 2024, Mohammed Bello-Koko, the Managing Director of the Nigerian Ports Authority (NPA), played a key role in mediating a resolution between the Maritime Workers Union of Nigeria (MWUN) and marginal field operators in the oil and gas industry regarding non-compliance…
Fresh Oil Spill Hits Bayelsa Coastline A recent occurrence of oil spills, originating from an unidentified source, has affected Foropa, a fishing settlement along the Atlantic coastline in Southern Ijaw Local Government Area of Bayelsa State. The coastline is now heavily saturated with crude oil. The spills were first observed on January 3rd, 2024, as…
Supreme Court Grants Federal Government Control Over Nigeria’s Inland Waterways The Supreme Court has declared that the Federal Government possesses exclusive authority over the country’s inland waterways, deeming it unlawful for states to impose levies on businesses operating in this domain. The ruling, delivered in response to the appeal with the reference SC/CV/17/2018, overturns the…
Maritime Security Partnership Between Indonesia and the US Falls Short of Its Full Potential In November of last year, Indonesia and the United States officially elevated their diplomatic ties to the level of a Comprehensive Strategic Partnership (CSP). This upgraded status provided both nations with opportunities for extensive strategic cooperation, particularly in security. However, the…
NDDI Commends Navy for Safeguarding National Assets and Combating Oil Theft A pro-democracy and development group known as the Niger-Delta Development Initiative (NDDI) has praised the Nigerian Navy for its commendable efforts in addressing oil bunkering issues in the Niger Delta region. In a statement issued by the group’s president, Rev. Sam Smith Tonye, the…
Four Executive Directors Sacked from NPA and NIMASA- Tinubu Initiates Reshuffling President Bola Tinubu has dismissed four out of the six Executive Directors at the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA), appointing replacements in their stead. However, he has retained two of the current Executive Directors in each…
Supreme Court Greenlights Shell’s Appeal in Niger Delta Following Oil Spill Claim On Friday, Nigeria’s Supreme Court made a ruling in favor of Shell, granting the company a hearing regarding an alleged oil spill in the Niger Delta. This decision came after the Court of Appeal had suspended an asset sale by Shell and mandated…
