Iranian authorities on Monday said Iran has freed the British-flagged oil tanker Stena Impero, which was seized in the Strait of Hormuz in mid-July. Government spokesman Ali Rabiei said legal investigations have concluded and the ship’s violations have been forgiven, according to Iran’s Fars news agency. However, he did not say if the ship had…
The Department of Petroleum Resources (DPR) has sealed 40 filling stations from January to date for various offences in Nasarawa State. Alhaji Abdulrahaman Muhammad-Bima, DPR Operation Comptroller, Lafia, disclosed in Lafia on Monday. He said that the offences committed included under delivery, diversion of product, lack of safety and other related offences. According to him,…
The U.S. Chamber of Commerce announced that Benedict Peters, Chairman and CEO of AITEO, will serve on the Board of Advisors for the U.S.-Africa Business Center. The mission of the U.S.-Africa Business Center is to build lasting prosperity for Africans and Americans through job creation and entrepreneurial spirit, something that Mr. Peters has been…
The African Group of Negotiators (AGN) has said that, because climate change poses a primary threat to sustainable development, it is receiving priority attention from countries on the continent. In its Key Messages for the United Nations Secretary-General Climate Summit that held in New York on Monday, September 23, 2019, the AGN said that African…
Seplat Petroleum Development Company Plc (SEPLAT), operator of the NNPC/SEPLAT Joint Venture, says its intentions in host communities and other communities in the areas of health, education and economic empowerment, among others, are in line with its mandate to support the Sustainable Development Goals (SDGs) of the United Nations. To this end, the joint vnture,…
The management of Transmission Company of Nigeria (TCN) says it has set machinery in motion to supply Eko Atlantic City, Lagos, 1,000 megawatts of power from the grid under its Eligible Customers arrangement. The Managing Director of TCN, Dr Usman Mahammed, made this known during his tour of the city in Victoria Island. Mahammed said:…
Oil ended about one per cent higher on Monday after a volatile trading session as traders focused on when Saudi Arabia would be able to restore full output, following the Sept. 14 attack on its facilities. Brent futures gained 49 cents, or 0.8 per cent to settle at $64.77 a barrel, while U.S. West Texas…
Algeria is planning to keep unchanged the main clauses in its energy law, including a rule limiting foreign stakes in oil and gas projects, the government said on Monday after a meeting to discuss draft amendments to the law. “The 51/49 rule was maintained,’’ the government said in a statement following the meeting chaired by…
The Department of Petroleum Resources (DPR) has threatened to suspend companies or depots who fail to adhere to the agency’s safety regulations within their operations. DPR’s Head, Public Affairs, Mr Paul Osu, said on Monday in Lagos that the agency had safety compliance guidelines that must be complied with by the companies and depots. A…
Chief Osita Chidoka, former Minister of Aviation has called for more access to information and data on activities of the various tiers of government. Chidoka made the call in a statement issued by Mr Ikechukwu Okafor, his Special Assistant on Media and Publicity in Awka on Sunday. The Peoples Democratic Party (PDP) chieftain said the…
