New PIB proposes single regulator for midstream, downstream oil sector

The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in the midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB). The News Agency of Nigeria (NAN) reports that the new PIB is currently before the National Assembly for consideration. NAN reports that the Petroleum

Shipping containers find new life growing farm produce in Hong Kong

HONG KONG: After a career making shipping containers that transport freight around the world, Arthur Lee has stayed with them in retirement, using them to raise crops and fish. Operating on a rented 1,000-square-meter (quarter-acre) patch of wasteland in Hong Kong’s rural Yuen Long, Lee’s MoVertical Farm uses about 30 decommis- sioned containers, some decades

The World’s Largest LNG-Powered Container Ship CMA CGM Jacques Saade Joins Fleet

The CMA CGM JACQUES SAADE has joined CMA CGM Group’s fleet thus becoming the largest LNG-powered container ship in the world. A global leader in shipping and logistics, CMA CGM has made the symbolic choice of naming its new flagship after its founder, Jacques Saadé, a visionary and entrepreneur. A unique naming ceremony for a

Shell prepares for major production cuts to refocus on green strategy

Royal Dutch Shell (RDSB.L) is looking to cut up to 40% off its costs related to producing oil and gas as it focuses on the renewable energy and power markets. ​ That’s according to a source who spoke exclusively to Reuters. ​ The project is known internally as Project Reshape and is expected to be completed

Buhari to send long-awaited oil reform bill to Senate

LAGOS (Reuters) – Nigerian President Muhammadu Buhari has signed a long-awaited oil-reform bill and it will be formally presented in the Senate as early as next week, four sources familiar with the matter told Reuters. ​ The legislation has been in the works for the past 20 years, and the main laws governing Nigeria’s oil

The world’s first fully autonomous ship is all set for sea trials

Ever since tech giant IBM joined hands with ProMare and the Finnish Wärtsilä to develop one of the world’s full autonomous ships, the internet has been abuzz with their activities. The Mayflower Autonomous Ship (MAS) is one of the most high-profile initiatives striving to revolutionise a 10,000-year-old transportation format. Any breakthrough in this project has

CMA CGM to take delivery of world’s largest LNG-powered vessel

French shipping group CMA CGM is to take delivery of its first ultra large LNG-powered containership following completion of the vessels’ gas trials. The CMA CGM Jacques Saade returned to the Shanghai Jiangnan-Changxing Shipyard, a part of China’s Hudong-Zhongua, on Monday, its AIS data shows. To remind, Jiagnan launched the 23,000 TEU LNG-powered containership in

Nigeria Receives Largest Container Vessel In History

The reforms in the nation’s port system is yielding results as the Nigerian Ports Authority (NPA) successfully berth the biggest container vessel to ever call at any Nigerian port. The Maerskline Stardelhorn vessel with length overall of 300 metres, width of 48 metres was received at the Federal Ocean Terminal (FOT), Onne in Rivers State

Adrift in Arabian Sea in need of Medical Assistance

UPDATE: Reportedly, 1 crew died, 1 crew injured. No additional information yet on fire details. As of 1300 UTC Aug 19th 2020, the ship was still adrift, no other ships nearby. Latest: 2nd Engineer died, 3rd Engineer was injured. Bulk carrier FANEROMENI issued distress signal in the morning Aug 19 in Arabian sea E of Socotra, reporting