Maritime

Shell, Guinness, others enjoyed N65 billion duty waivers in 2012/2013

Dec 4, 2013

Shell Petroleum Development Company Limited, Guinness Nigeria Plc, Shoreline Power Company Limited, Olams Nigeria Limited, Nigerian Petroleum Development Company (NPDC), Niger Delta Power Holding Company (NDPHC) and Geometric Power Limited have featured prominently on the list of beneficiaries of duty waivers granted to the public and private sector institutions during the fiscal year 2012/2013. Releasing…

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NIMASA scam: How contracts were awarded, by EFCC witness

Dec 4, 2013

Most of the contracts awarded at the Nigeria Maritime Administration and Safety Agency (NIMASA) alleged to have been split, were approved by the agency’s governing board, a Federal High Court heard yesterday. An Economic and Financial Crimes Commission (EFCC) witness, Mohammed Shehu, said the agency’s former Director-General, Mr. Raymond Omatseye did not influence the contracts. Testifying…

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Delay as Customs server breaks down

Dec 3, 2013

The frequent breakdown of the server of the Nigeria Customs Service (NCS) at the Lagos and Onne ports, Rivers State, is causing delay in cargo clearance. Agents and importers said they were facing difficulties in transacting businesses within specified periods. The clearing agents fingered the Tin Can Island Port Complex (TCIPC) and the Ports Terminal Multi-services…

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‘Foreigners dominate oil vessel trade’

Dec 3, 2013

Only 60 of the 600 vessels in the upstream oil sector are owned by indigenous operators, the General Secretary of the Indigenous Shipowners Association of Nigeria (ISAN), Captain Niyi Labinjo, has said. He told The Nation that a vessel on offshore operations makes about $5,000 daily, saying it is the least amount made by a foreign…

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Four suspected pirates set for trial

Dec 3, 2013

The four suspected pirates, who hijacked an oil vessel, MT Norte, car-rying 17,000 metric tons of Petrol Motor Spirit (PMS) in the Gulf of Guinea on August 15, will soon be presented to appropriate quarters for prosecution. Speaking with reporters during his tour of some facilities of the Nigerian Navy Ship (NNS) Delta State, the Chief of Naval…

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Nigerdock completes first offshore living quarters for Total

Dec 3, 2013

Nigerdock Nigeria Plc has completed the offshore living quarters built for Ofon Phase II project being developed by French oil giant, Total, the first of such facility to be fabricated in Nigeria. Speaking during the completion/load-out ceremony of the platform at the Snake Island Integrated Free Zone Lagos base of Nigerdock at the weekend, Executive…

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Total announces load-out of Ofon Phase-2 process platform from Korea

Dec 3, 2013

The Ofon phase-2 process platform (OFP-2) is on its way to the Ofon field located in the Oil Mining Lease (OML) 102, 50 kilometres   off the coast of Nigeria in 40 metres water depth from Ulsan, South Korea, Total Exploration and Production Nigeria (TEPNG) Ltd said Monday. The Ofon field is jointly owned by TEPNG…

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Eni extends Abo FPSO contract in Nigeria

Dec 2, 2013

BW Offshore has signed an extension contract for FPSO Abo with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., of six months until the end of Q2 2014. The extension has been agreed to secure operational continuity while joint work to detail longer term programs for investment and production is completed. Abo FPSO has…

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Delta says work’ll soon commence On $20 billion Ogidigben EPZ

Dec 2, 2013

The Delta Commissioner for Oil and Gas, Mr Omamofe Pirah, has announced that work on the Ogidigben Export Processing Zone, a joint-venture between the Federal Government and the Delta Government, would commence soon. Pirah made the announcement in Asaba while presenting his mid-term report. According to the commissioner, the export processing zone, estimated to cost…

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‘Implement 24-hour cargo clearance policy’

Dec 2, 2013

A Council member of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Adams Idifueko has called for the implementation of the promised policy of 24-hour cargo clearance by the Federal Government. He said in Lagos that the country should address the reality as the issue of cargo congestion has remained unabated at our…

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