After the conclusion of a two-week airborne 'gravity and aeromagnetic' survey early October, results are expected to be released some time next month.

The Managing Director, Kaduna Refining and Petrochemical Company (KRPC), Mr Olayinka Agoro, said yesterday the company would spend $2.9 billion on its Turn Around Maintenance (TAM).

In what may spark a constitutional row, the Senate has said it will soon commence a probe of governors over the management of ecological funds allocated to them from the Federation Account.

Finally, Rwanda's dream of generating electricity out of methane gas has been realised with the first 1.8megawatts channelled to the national grid. So far, the power extracted from Lake Kivu can supply the whole of Rubavu District or more.

Members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), have threatened to go on indefinite strike, to demand for settlement of the outstanding N17 billion owed them by Petroleum Equalisation Fund (PEF).

Stakeholders, including a representative of the International Atomic Energy Agency (IAEA), Ian Facer, yesterday urged greater coordination among those involved in Nigeria's quest to achieve its dream of generating power through nuclear energy.

Zenon Petroleum and Gas has debunked allegations of indebtedness to banks up to the tune of $2 billion, describing the allegations as "a cheap blackmail and a figment of the imagination of detractors".

President Umaru Musa Yar'Adua wants to give up headship of the Ministry of Energy and appoint a substantive minister, THISDAY learnt yesterday.

PRESIDENT Yoweri Museveni on Wednesday commissioned the 50 mega watt Namanve thermal power plant that is expected to reduce day-time load-shedding.

About 2000 jobs are expected to be created in the first nine months when oil prospecting begins at the Anambra basin said to have large deposits of hydrocarbons.

Oando Plc, one of the Nigeria's leading integrated energy solutions provider has announced a 65% growth in its third quarter 2008 Profit Before Tax (PBT) to N7.29 billion from N4.42 billion in third quarter (Q3) 2007.

Journey towards actualising the establishment of the proposed College of Petroleum Studies in Kaduna took concrete form yesterday, with the opening of bids for construction of various units of the institution.

The Peoples Progressive Party (PPP) recently held its national delegates conference in Port Harcourt, the Rivers State capital, where it elected a new National Chairman, Mr. Solomon Edebiri. After the convention, Segun James, had an encounter with the new chairman,

Oil prices tumbled below $62 a barrel on Thursday subjecting Nigeria and other oil producing nations to a fresh confusion over their economies.

Rivers State government and the Joint Task Force (JTF) yesterday debunked claims by Movement for the Emancipation of the Niger Delta (MEND), of inflitrating MEND's ranks to kill Farah Dagogo, a militant leader for a fee of $3 million.

Fuel prices will continue to drop over the next month to settle at acceptable levels, the regulatory authority has predicted.

THE National Energy Regulator of SA (Nersa) will have the renewable energy feed-in tariffs ready by the end of February, a senior Nersa official said yesterday.

The Turn Around Maintenance (TAM) of Kaduna Refining and Petrochemical Company (KRPC) will cost 2.9 million dollars, the firm's Managing Director Mr. Olayinka Agoro has said.Agoro told newsmen in Kaduna that the TAM, being the seventh in the company's history,

South Africans used 1.2 percent less electricity in September 2008 as compared to the same month last year.

Members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), have threatened to go on indefinite strike, to demand for settlement of the outstanding N17 billion owed them by the Petroleum Equalisation Fund (PEF).