NIGERIAN SHIPOWNERS PLAN TO EXPORT CRUDE OIL

The Nigerian Shipowners Association has said that it is making plans to get involved in the exportation of crude oil to international markets. Currently, no Nigerian shipowner is involved in the exportation of the nation’s crude which is being carried on a Free on Board basis by foreign flagged vessels.

 

The Secretary General of the association, Mr. Tunji Brown, in an interview with The PUNCH, said this had become necessary following the persistent fall in global oil prices.

 

Read more @ Punch Online

NAVY DESTROYS TWO ILLEGAL REFINERIES IN RIVERS

In its determination to end oil theft in the country, the Nigerian Navy has set ablaze two illegal refineries in Akuku-Toru Local Government Area of Rivers State.

The Base Operations Officer of the Nigerian Navy Ship Pathfinder, Port Harcourt, Commander Chido Yahaya, also disclosed that two Cotonou boats laden with stolen crude oil were similarly set ablaze.

Read more @ The Punch

SEADRILL, HEIRS HOLDINGS LAUNCH DEEPWATER DRILLSHIP FOR TOTAL

The Chairman of Heirs Holdings, an African investment Company, Tony O. Elumelu, has commissioned the sail away of Seadrill Nigeria Limited’s sixth-generation drill ship christened, ‘West Jupiter.’ 

This initiative is part of the global partnership between Heirs Holdings and Seadrill Nigeria Limited. The West Jupiter is the latest addition to the Total Upstream Nigeria Limited (Total) fleet of ultra-deep water vessels operating in Nigerian waters.

Read more @ The Nation