ALL REVENUES FROM NNPC, OTHERS MUST BE PAID INTO CONSOLIDATED REVENUE FUND

In a landmark directive, President Muhammadu Buhari monday ordered all revenue generating agencies such as the Nigerian National Petroleum Corporation (NNPC), Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS), Nigerian Ports Authority (NPA), Central Bank of Nigeria (CBN), Nigerian Maritime Administration and Safety Agency (NIMASA) and Nigerian Liquefied Natural Gas (NLNG), amongst others, to pay all their revenues into the Consolidated Revenue Fund (CFR).

 

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OFFSHORE PLATFORMS: NIGERIANS MUST BE GIVEN FIRST REFUSAL RIGHT - NIMASA

Francis Ezem The Nigerian Maritime Administration and Safety Agency NIMASA has warned that Nigerian ship owners must be given the right of first refusal in the deployment, crewing and manning of platforms and other crafts used in offshore operations under the Coastal and Inland Shipping Cabotage Act 2003.

Executive Director of the agency in charge of Maritime Labor and Cabotage Services, Mr. Callistus Obi-Nwabueze, who gave the warning at the weekend, spoke during a one-day sensitisation seminar on the implementation of the agency’s statutory mandate on offshore operations it organised in respect of Maritime Labour and Cabotage organised by the agency for the executive management and key offi cers of oil and gas companies, offshore and marginal field operators and other relevant stakeholders.

Read more @ National Mirror

NAVY ACCUSES IOCs OF AIDING OIL THEFT

The Chief of Naval Staff (CNS), Vice Admiral Usman Jibrin, has accused International Oil Companies (IOCs) of aiding and abetting all forms of criminality in the nation's maritime sector, especially crude oil theft, illegal bunkering and piracy.

Jibrin stated this yesterday in Abuja during a meeting with chief executives of the IOCs at the naval headquarters' conference room to discuss issues on crude oil theft, pipeline vandalism and other related crimes in the nation's maritime sector.

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FLARING MUST BE UNATTRACTIVE FOR FULL FLARE OUT

To put an end to the recurring issue of gas flaring in Nigeria’s oil and gas sector, the Federal Government should make the practice unprofitable by enforcing stringent penalties against defaulting companies.

This is the opinion of Mr. Moritz Abazie, the Managing Director of Strides Energy and Maritime Limited, an offshore oil and gas construction firm.

Read more @ Vanguard