Another Bristow Helicopter With 11 Passengers On Board Crashes Into The Atlantic Ocean Near Lagos

A helicopter operated by Bristow Helicopter Company in Lagos has crashed into the Atlantic Ocean as it was approaching the Murtala Muhammed Airport in Lagos.

 A spokesperson for the National Emergency Management Agency (NEMA), Ibrahim Farinloye, disclosed that his agency received a distress call this morning and immediately alerted the Nigerian Navy and officers of the Nigerian Maritime Administration and Safety Agency (NIMASA) to engage in search and rescue.

The chopper, which had eleven passengers on board including a pilot and a cabin crew member, sank shortly after the crash. All persons on board were rescued by combined efforts of Navy and NIMASA officials who arrived the scene of the crash on time.

Today's incident follows a crash of another Bristow chopper into the Lagos lagoon in the Oworosoki area in August 2015, six people died in the crash.

From [http://saharareporters.com/2016/02/03/another-bristow-helicopter-11-passengers-board-crashes-atlantic-ocean-near-lagos]

Oil Price Rises To $33pb As Russia Okays OPEC’s Position

Oil Price Rises To $33pb As Russia Okays OPEC’s Position

Blessing Anaro, Bode Gbadebo, By George Agba

— Feb 4, 2016 4:00 am | Leave a comment

Hope was rekindled yesterday after crude oil price rose 40 cents to $33.12 per barrel, paring earlier losses after fresh comments from Russia about its openness to talk with the Organisation of the Petroleum Exporting Countries (OPEC) over output cuts.

Russian foreign minister, Sergei Lavrov, said if there is consensus among OPEC and non-OPEC members to meet, “then we will meet”.

This helped push the price of oil, which had been set for a third day of decline after data on Tuesday showed another big build in U.S. inventories, off the day’s lows.

Brent for April delivery rose 40 cents to $33.12 a barrel, pulling away from a session low of $32.30.

US crude futures rose 46 cents to $30.34, off a session low of $29.40.

“Is there going to be a meeting between Russia and OPEC? That is a supportive factor in this rally that we’ve seen in the last one hour,” PVM Oil Associates analyst, Tamas Varga, said.

Oil is the mainstay of the Nigerian economy and the country is reeling from huge revenue loss following the crash of crude oil price.

Late last month, oil price rose further above $30 a barrel on hopes that OPEC and non-OPEC producers may reach deal to tackle one of the biggest supply gluts in decades.

OPEC has been making renewed calls for rival producers to cut supply alongside its members. Russia, seen as key to any deal at that time, refused to cooperate.

Iraq’s oil minister had said he saw some flexibility for a deal between OPEC and non-OPEC.

“Without a production agreement, fundamentals point to lower numbers,” said David Hufton of oil brokers PVM. “With one, oil becomes a 40-to-60 dollars-a-barrel market.”

Culled from [http://leadership.ng/news/497907/oil-price-rises-33pb-russia-okays-opecs-position]