ARDA

Experts brainstorm way forward at the Nigerian Petroleum Downstream Industry and ARDA Virtual Workshop 

ByJerome Onoja Okojokwu-Idu

Experts brainstorm way forward at the Nigerian Petroleum Downstream Industry and ARDA Virtual Workshop  The Nigerian Petroleum Downstream Industry, in collaboration with African Refiners and Distributors Association, hosted a virtual workshop aimed at addressing key challenges and outlining strategies to ensure a sustainable future for the petroleum downstream sector.  The workshop focused on risk management…

Maritime Stakeholders commend NPA for Ease of Doing Business

Maritime Stakeholders commend NPA for Ease of Doing Business

ByJerome Onoja Okojokwu-Idu

Maritime Stakeholders commend NPA for Ease of Doing Business Following the improved cargo delivery system occasioned by the introduction of barges, stakeholders in the maritime sector and licensed customs agents have commended the Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko for the massive improvement in the ease of doing business at the…

NLNG Joins U.N. Group to Reduce Methane Emissions, Pursues Decarbonisation
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NLNG Joins U.N. Group to Reduce Methane Emissions

ByJerome Onoja Okojokwu-Idu

NLNG Joins U.N. Group to Reduce Methane Emissions, Pursues Decarbonisation Nigeria LNG Limited (NLNG) has joined the Oil and Gas Methane Partnership (OGMP 2.0), a partnership coordinated by the United Nations Environment Programme (UNEP) to reduce methane emissions and improve the accuracy and transparency of methane emissions reporting. The move is a further step in…

Digital Industries Ltd Signs AVEVA Select Partnership Agreement to Grow its Footprint in East, West Africa Regions

Digital Industries Ltd Signs AVEVA Select Partnership Agreement to Grow its Footprint in East, West Africa Regions

ByJerome Onoja Okojokwu-Idu

Digital Industries Ltd Signs AVEVA Select Partnership Agreement to Grow its Footprint in East, West Africa Regions Digital Industries has announced that it has become an AVEVA Select partner for the East and West Africa regions to deliver AVEVA’s full portfolio of leading-edge industrial software solutions to customers that will help them become more sustainable…

Major Products Draws Send Oil Prices Higher

Major Products Draws Send Oil Prices Higher

ByJerome Onoja Okojokwu-Idu

Major Products Draws Send Oil Prices Higher Crude oil prices climbed today, after the U.S. Energy Information Administration, EIA, reported another weekly build in crude oil inventories of 1.1 million barrels. That compared with a build of 1.6 million barrels for the previous week. The authority also reported major draws in fuel inventories for the…

Espionage: South Korea to inspect all Port Cranes bought from China

Espionage: South Korea to inspect all Port Cranes bought from China

ByJerome Onoja Okojokwu-Idu

Espionage: South Korea to inspect all Port Cranes bought from China The South Korean government is planning to inspect every port crane supplied by China. This is because the U.S. government recently pointed out that cranes built by Shanghai Zhenhua Port Machinery Company (ZPMC) may be used for espionage purposes. At present, a total of…

The South African Reserve Bank targets inflation of between 3% and 6%.

The South African Reserve Bank targets inflation of between 3% and 6%.

ByJerome Onoja Okojokwu-Idu

The South African Reserve Bank targets inflation of between 3% and 6%. South Africa’s central bank’s Monetary Policy Committee (MPC) raised rates by a smaller than forecast 25 basis points in January as it lowered its economic growth forecasts over the crippling power cuts. The bank, which has raised interest rates at its last eight…

NMDPRA Directs Operators to Adhere to Regulatory Guidelines

NMDPRA Unveils Six New Regulations for Nigeria’s Oil & Gas Industry in PIA

ByJerome Onoja Okojokwu-Idu

NMDPRA Unveils Six New Regulations for Nigeria’s Oil & Gas Industry in PIA …Threatens to Sanction Violators The Nigeria Midstream and Downstream Petroleum Regulatory Authority has unveiled six regulations that would guide the operations of companies in the oil and gas industry to conduct transactions in line with the provisions of the Petroleum Industry Act….

South Africa February Inflation Higher than Forecast as Power Cuts Bite

South Africa February Inflation Higher than Forecast as Power Cuts Bite

ByJerome Onoja Okojokwu-Idu

South Africa February Inflation Higher than Forecast as Power Cuts Bite …Inflation rose to 7.0% yr/yr in February from 6.9% in January …Power cuts in South Africa may be fuelling price hikes -analyst …Central bank targets inflation of between 3%-6% South Africa’s inflation rose slightly more than expected in February, a further indication that rolling…

Fitch Upgrades Ghana Local Currency Debt Rating to CCC

Fitch Upgrades Ghana Local Currency Debt Rating to CCC

ByJerome Onoja Okojokwu-Idu

Fitch Upgrades Ghana Local Currency Debt Rating to CCC Ratings agency Fitch on Wednesday upgraded Ghana’s long-term local-currency issuer default rating to ‘CCC’ from ‘restricted default’, after the country started settling payments on outstanding local bonds following a domestic debt restructuring. Ghana defaulted on most of its $29 billion external debt last year, as interest…