Industry

ICTSI signs contract for operation and development of Cameroon’s Kribi terminal

oie YAFUDXAo1HZNInternational Container Terminal Services (ICTSI) has signed a contract with Port Autonome de Kribi (PAK) to develop, operate and maintain the Kribi Multipurpose Terminal (KMT) in Cameroon

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Nigeria to set up oil and gas museum in Oloibiri

2070861680 96f4188fe6 cThe Nigerian government is setting up an oil and gas museum with private sector participation in Oloibiri, Bayelsa State in the Niger Delta Area, where Shell D’Arcy, a forerunner of today’s Shell Petroleum Development Company (SDPC) successfully drilled the first oil well in Nigeria in January 1956

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Change of management’s baton at ExxonMobil Nigeria affiliates

9159459657 d092fe2d5c cExxon Mobil has announced David Liang as the new chairman and managing director for its three Nigerian affiliates

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Mauritius declares state of environmental emergency after oil leak

oil tanker 336996 640On 7 August, the Prime Minister of Mauritius, Pravind Jugnauth, declared a ‘state of environmental emergency’ after a ship landed off the island nation's coast started to spill oil

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United Bank of Nigeria leads consortium of US$1.5bn pre-export funding for NNPC

gulf 1356004 640The United Bank of Africa, a pan African financial services group with its headquarters in Lagos Nigeria, has acted as an initial mandated lead arranger with a consortium of Nigerian commercial banks in US$1.5bn pre-export finance facility for Eagle Export Funding Limited to enable the forward sale of crude by the Nigerian National Petroleum Corporation and National Petroleum Development Company (NPDC)

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