The vessels approached the area of the drills early on Monday to monitor Iranian ships, said…
Author: Ships & Ports
Petrobras owes Brazil billions, unlikely to pay in 2018, says Minister
Brazilian state-controlled oil company Petróleo Brasileiro SA owes the government billions of dollars tied to offshore…
CBN unlikely to hold interest rate meeting next week- Sources
The Central Bank of Nigeria (CBN) is unlikely to hold an interest rate setting meeting on…
China says sunken Iranian tanker may now be leaking heavy oil
A sunken Iranian oil tanker may be leaking heavy bunker fuel as well as light oil…
US to overtake Saudi as crude oil producer
The United States are set to overtake Saudi Arabia as the world’s number two oil producer…
FG sues JP Morgan for $875 million over Malabu oilfield deal
The Federal Government has filed a claim against JP Morgan Chase for more than $875 million, accusing…
Emirates hands Airbus A380 superjumbo a lifeline with $16 billion order
Emirates announced a deal for up to 36 Airbus A380 aircraft on Thursday worth as much…
Nigeria moves closer to turning long-awaited PIGB into law
Nigeria moved closer to turning the first part of a long-awaited Petroleum Industry Bill (PIGB) into…
OPEC sees more oil supply from rivals, countering its cuts, Venezuelan woes
The Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for oil supply from non-member…
Amsterdam’s Schiphol scraps flights as storm disrupts public transport
Amsterdam’s Schiphol airport briefly suspended all air traffic on Thursday due to a severe storm, as…
Oil holds near 2014 high, supported by threat of Nigeria attack
Oil held steady above $69 a barrel on Thursday, supported by falling inventories of crude and…
Portuguese, Spanish police bust huge ‘pineapple’ cocaine ring
Police in Portugal and Spain said they seized hundreds of kilograms of cocaine hidden inside fresh…