July 18, 2022                                                       
 ISSUE 231


PIA: Buhari signs assets transfer documents to NNPC Ltd
By: Sun Newspaper

Ahead of July 19 formal unveiling of the Nigerian National Petroleum Company Limited (NNPC), President Muhammadu Buhari, who doubles  as the Minister of Petroleum Resources, and the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, have signed the transfer of assets documents from NNPC as a Corporation to the Limited version created by the Petroleum Industry Act (PIA).

With this move, the NNPC Limited has completely shed off its former toga and now wears the new look and operations of a limited liability company. It also means that all assets, interests, and liabilities of the Corporation have been transferred to NNPC Limited.

The instrument of transfer was signed off recently, Daily Sun learned.



One of the NIMASA deep blue project special mission aircraft.

NIMASA to deploy two special mission aircraft to combat oil theft 
By: Ships & Ports

The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has given assurances that two special mission aircraft in the deep blue project fleet of the agency will be deployed to fight oil theft and protect the nation’s economy. 

Speaking at the recently in Abuja, Jamoh described oil theft, pipeline vandalism, and illegal refining as unlawful activities capable of threatening the economic and environmental well-being of the country. 

He said the aircraft from the mobile assets of the deep blue project, will support existing platforms being deployed by other security agencies, which NIMASA has subsisting Memorandum of Understanding with.

Jamoh explained that the aircraft would assist in patrolling oil facilities, installations, and other assets to observe suspicious human and vessel movements in and around the facilities.



To deliver exemplary transshipment operations, procurement and charter services "on time" and "on budget" according to global safety and quality standards.

Nigeria loses $1bn yearly to oil theft, pipeline vandalism- ATOGMAN
By: Sun Newspaper

Association of Tank Farm Oil and Gas Marketers of Nigeria (ATOGMAN), has claimed that Nigeria loses $1 billion annually to oil bunkering, theft and pipeline vandalism.

ATOGMAN’s National Chairman, Lawrence Kanu, stated this yesterday in a statement, commiserating with the Management and Staff of Matrix Energy Limited on the explosion of the tank farm last week at Ifiekpo Community, Delta State.

According to eyewitnesses, the fire started during the loading process of petroleum at the tank farm at Ifiekporo, Ugbuwangue, and parts of Edjeba communities in Warri.


Bayelsa youths shut down 30,000 bpd oil facility
By: Marine & Petroleum

Tension on Friday gripped Koluama community in Southern Ijaw Local Government Area following the invasion and forceful shutdown of the 30,000 barrels per day Ango 2 field oil facility owned by Conoil by angry youths of the community.

The youths were said to have been irked by the refusal of the oil company to implement the Memorandum of Understanding it signed with the host communities.

According to investigation, the security personnel guarding the facility were caught unawares as   aggrieved indigenes, including women, youths, and elders, invaded the platform with placards with inscription such as “No MoU, No Crude oil exploration”, Conoil pack, and go, we are tired of suffering” and “Koluama people are suffering”, demanding the shutdown of operations at the facility.



US Congress to discuss first stand-alone legislation to zero out shipping pollution
By: Ships & Ports

Clean Shipping Act of 2022, the first stand-alone legislation to zero out pollution from all ocean shipping companies that do business with the United States, has been introduced to the US Congress.

The bill was introduced by congressman Alan Lowenthal, who represents the Port of Long Beach, and co-sponsor congresswoman Nanette Barragán on 12 July.

Clean Shipping Act of 2022, modelled off of the European Union’s Fit for 55 regulatory framework for shipping, aims to clean up the shipping industry, protect the health of port communities, address environmental injustice and provide solutions to the climate crisis.

It is expected that if both the US and the EU act together to regulate ship pollution together and in alignment, over one-third of all global ships would be covered under a unified regulatory regime.


Israel sells Haifa Port to India’s Adani Ports, Israel’s Gadot for $1.2bn
By: The Guardian Newspaper

Israel said on Thursday it will sell Haifa Port, a major trade hub on its Mediterranean coast, to winning bidders Adani Ports (APSE.NS) of India and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18 billion). Gadot and Adani made it to the end of a two-year tender process that Israel hopes will lower import prices and help shorten notoriously long wait times at Israeli harbors.

“The privatization of the port of Haifa will increase competition at the ports and lower the cost of living,” said Finance Minister Avigdor Lieberman. Adani will have a majority 70% stake and Gadot will hold the remaining 30%, according to an industry official. Neither company was reachable for immediate comment. Adani Ports, which has said it is the largest transport utility in India, is targeting expansion and seeks to become the premier global port group, the company’s chief executive Karan Adani, told an earnings call in May.


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