Since the Federal Airports Authority of Nigeria (FAAN) concessioned the access gate at the Murtala Muhammed Airport, Ikeja, Lagos, to I Cube West Africa Limited over a year ago, the move had been plagued with controversies and questions with regards to whether or not the agency is reaping the gains of the concessioning.Read More
Nigerian Aviation Cargo Handling Company Plc (nahcoaviance) is bracing up for stiff competition from the Skypower Aviation Handling Company Limited (SAHCOL), which was recently sold to the SIFAX Group by the federal government.Read More
Arik Air has airlifted well over four million passengers since it started flight operations in the country in October 2006.
According to the airline, the passengersâ€™ traffic includes those carried on domestic, regional and international flights.
The federal government has warned stakeholders in the aviation industry that it would not tolerate non-compliance to security regulations at airports across the country.Read More
Qatar Airways has taken delivery of four new aircraft this month, wrapping up an eventful 2009 for the Doha-based airline. With the largest delivery schedule in a single month for Qatar Airways, the two Boeing 777-200 Long Range aircraft and two Airbus A320s take the airlineâ€™s rapidly-growing fleet size up to 76 aircraft.Read More
The International Air Transport Association (IATA) has spoken of a gradual recovery of the global aviation industry from economic meltdown.Read More
EXXONMOBIL Corp. plans to spend $340 million to boost production of one of Texasâ€™ oldest oil fields.
The Irving oil giant will add technology to extend the life of Hawkins Field in East Texas by 25 years and to draw 40 million more barrels of oil from the reservoir. Exxon has been producing oil at the field near Tyler for 70 years, since the company was known as Humble Oil.
KOSMOS Energyâ€™s 2009 capital raise exceeded US $1 billion. The amount includes US $825 million in project finance debt facilities committed by international financial and banking institutions, including US $75 million committed by Credit Suisse International in late 2009 and US $750 million secured in July 2009. The total amount also includes US $250 million of private equity invested by Warburg Pincus and The Blackstone Group.Read More
ABUJA â€“ China’s For eign Minister Yang Jiechi held talks with Nigerian officials Friday on oil exports to energy-hungry Beijing.Read More
ABUJA- A non governmental organisation, the African Network for Environment and Economic Justice (ANEEJ) said it has initiated a transparency and accountability project in five states in the Niger Delta.Read More
LIKONDE-1, the first well to be drilled on the Ruvuma PSA in Tanzania, is due to be spudded on 7 January 2010 and drilled to a programmed total depth of 3,200 meters. Drilling time is estimated to be around two months, subject to any operational delays which can occur in a remote frontier area.Read More
AN attack on a crude-oil pipeline operated by U.S. oil giant Chevron Corp. is the latest in a series of political and security setbacks for this embattled West African nation.Read More
UTEC Surveyâ€™s Aberdeen facility has been awarded a major contract by Technip to provide survey and positioning services for the Jubilee Field Development, offshore Ghana.Read More
AFREN has successful ly completed the Ebok-6 appraisal well at the Ebok development offshore Nigeria, exceeding pre-drill expectations.Read More
Former Lagos State chairman of the defunct National Association of Microfinance Banks of Nigeria, NAMFBIN, Chief Olutayo Adenekan, has said that the establishment of the Intervention Fund by the State Chapter is to meet the need for short term financial support by microfinance banks, MFBs.Read More