US arrests two Chinese oil executives in Africa bribery scandal 

By Jite Eriabie   US authorities have arrested Hong Kong’s former home affairs secretary and the ex-foreign…

Crude tanker rates to further drop in 2018

By Jite Eriabie  Following a sharp decline in crude tanker freight rates seen during 2017, the…

Slave Trade: AU to investigate sale of migrants In Libya

By Jite Eriabie  The AU said on Tuesday it had launched an investigation into the sale…

Search continues for Argentina’s missing submarine

By Jite Eriabie   Rescuers searching for an Argentine navy submarine that went missing in the South…

Liberia scores a win for shipping in Brazilian court

By Jite Eriabie   The Liberian Registry, in co-operation with the International Chamber of Shipping (ICS), has…

EgyptAir expects a profit this year

By Jite Eriabie  EgyptAir will swing to a profit this year, buoyed by an increase in…

South Africa eyes BRICS partners to build $10bn refinery

By Jite Eriabie   South Africa wants the national oil companies of its BRICS partners to help…

Adesina: African airlines requires over $150bn for aircraft acquisition

  The President African Development Bank (AfDB), Dr. Akinwumi Adesina, says African aviation needs financing with about…

Shell bemoans Afam IV power plant’s $200m debt

Shell Petroleum Development Company (SPDC) on Tuesday bemoaned its $200million debt in Afam IV Power Plant…

Enel’s long-term gas supply deals with Algeria start expiring- CEO

Italian utility Enel’s long-term gas supply import deals with Algeria have started expiring this year and…

Australia’s FAR expects 1.1 billion barrels of oil from Gambian blocks

Australian oil and gas explorer FAR Ltd said on Tuesday that an independent study of two…

Nigeria loses N1 trillion to cargo diversion yearly, says Nicol

  The Shippers’ Association Lagos State (SALS) says Nigeria loses N1 trillion annually through cargo diversion to ports…