On the eve of the climate change summit in Copenhagen this December, momentum for action still falls far short of that needed to avert catastrophe. Africa will suffer consequences out of all proportion to its contribution to global warming, which

The current situation where there is "induced scarcity" inspite of the availability of enough fuel at filling stations, has justified the campaign for deregulation of the downstream oil sector, the Federal Govern-ment has said.

Movement for the Emancipation of the Niger Delta (MEND), is threatening to call off ceasefire with the government if foreign oil companies do not leave the area.

The Federal Government must cash-in on the return of peace in the Niger Delta, courtesy of its successful amnesty deal with the militants, to ensure that the December target of generation of 6,000 mega watts of power is realized.

OIL companies around the world are forging ahead with the development of alternative fuels for the aviation industry, and petrochemicals giant Sasol is no exception.

The Senate yesterday summoned the Minister of Petroleum, Alhaji Rilwanu Lukman, the Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Mohammed Barkindo, the Director of Department of Petroleum Resources, the Executive Secretary of Petroleum Pricing Regulatory Agency (PPPRA), Col.

Expectations from Mr. Chibuzor Ugwoha as managing director and chief executive officer of the Niger Delta Development Commission, NDDC, are extremely high and this he knows. He also realises that he needs the support of everyone with a stake in

A member of the National Stakeholders Working Group, NSWG, of the Nigerian Extractive Industries Transparency Initiative, NEITI, Mazi Sam Ohuabunwa, yesterday said fuel had since been deregulated in the South-east and some parts of the northern part of the country.

WORKERS of the Power Holding Company of Nigeria (PHCN), yesterday assured that with necessary tools, they were ready to work with government to improve the power supply in the country.

Nigerian National Petroleum Corporation (NNPC), has entered into a strategic partnership with Delta State government to develop the gas resources in the state in order to promote economic growth.

Former Head of State and All Nigeria Peoples Party (ANPP) presidential candidate in the 2003 and 2007 elections, Major-Gen.Muhammadu Buhari, has responded to claims by the Presidency that he lacked the moral high ground to criticise the administration of President

THE Presidency last night said it would not fold its arms and watch a few individuals unleash suffering on motorists in the name of fuel scarcity, warning that any marketer henceforth found to be hoarding petroleum products would face the

The Central Bank, CBN, has expressed concern over the anticipated inflationary effects of the proposed deregulation of the downstream sub-sector of the nation's oil industry.

Any petroleum products marketer found to be hoarding fuel would face the full weight of the law, the Presidency has warned.Presidential spokesman, Mr. Olusegun Adeniyi gave the warning yesterday while fielding questions from State House correspondents. Insisting that there is

The Senate yesterday resolved to summon all stakeholders in the oil sector to brief it on the matter in a move to avert any possible crisis that could result from the imminent deregulation of the downstream petroleum sector.

The ruling Peoples Democratic Party (PDP) yesterday expressed the possibility of summoning the Minister of Petroleum, Dr Rilwanu Lukman, over the ongoing scarcity of petroleum products in the country.

Vice President Goodluck Jonathan and the Secretary General of the International Gas Union, Mr. Torstein Indreboe are among the confirmed dignitaries expected to attend the Special Anniversary Seminar of the Nigerian Gas Association (NGA).

Petroleum Products Pricing Regulatory Agency (PPPRA) yesterday in Abuja said the Federal Government has not taken a final decision on the actual date for the commencement of the deregulation policy.

The new regional director for Africa and Deputy Managing Director (Corporate) of Total Upstream Companies in Nigeria Mr. Alek Musa has challenged young African professional to be ready to take over from the present top management of most international oil

The Ministry of Infrastructure will access the services of two telecom companies in its study on the generation capacity of wind energy in the country.