Effective next year, the Department of Petroleum Resources (DPR) is to roll out new policy requirements aimed at bringing sanity to the operations of independent petroleum marketers.

Militants yesterday morning abducted a staff of Shell, Mr. Fidelis Akpoghiran in Port Harcourt.

It is on record that crude oil accounted for over 70% of federally collected revenue in the last three decades and we may therefore assume that visible progress in our national development should derive in large measure from the proceeds

Following the arrest of 22 Filipinos and their oil Vessel at the Escravos Bar last Friday by operatives of the Nigeria Navy and failure by their Nigerian collaborators to secure their release in spite of threat from militants groups in

President Umaru Yar'Adua in the bid to improve electricity supply which is crucial to the realisation of Vision 20-2020, has reiterated the need for Nigeria to generate electricity from nuclear power plants.

A Nigeria firm, TFS Financial Services Limited and its counterpart from the United States of America, Financial Bridge Incorporated has announced plan to build a N14 billion (US$121 million) refinery in Edo State, Nigeria to boost the country's oil output.

Barely a few weeks after the Power Holding Company of Nigeria (PHCN) celebrated an improved power generation, electricity consumers across the country will face hard times due to prolonged epileptic power supply, occasioned by a drop in power generation and

The House of Representatives adhoc committee investigating the operations of the Nigeria National Petroleum Corporation (NNPC) and its subsidiaries may stop the Senate from confirming the nomination of former Minister of Petroleum Resources, Dr. Rilwan Lukman.

Dare- devil gunmen yesterday in Agulu-Izuigbo, Anaocha Council Area of Anambra State, kidnapped a member representing Anaocha II Constituency in the State House of Assembly, Honourable Joe Dimobi, demanding a N30 million ransom.

With the elusive peaceful resolution of the Niger Delta imbroglio, the inevitability of a violent change is no longer questionable.

ELECTRICITY prices will not be changed for the next three months until the next power tariffs review in early 2009.

The Sapele District Office of Power Holding Company of Nigeria, PHCN, has stated that Sapele community is the only part of Delta State that enjoys very stable power supply even as it urges residents of the city to promptly report

The House of Representatives is holding talks with the Senate to drop the confirmation of Dr Rilwan Lukman as one of the Ministers to be appointed by the President Umaru Musa Yar'Adua, as its Ad Hoc Committee probing the Nigerian

Oil prospector Tullow Oil has said it is set to drill what it called 'potentially transformational wells' in Uganda and Ghana over the next few months.

Prices of crude oil appreciated slightly yesterday to settle at $58 on fears of a possible cut in supply at an OPEC meeting billed for Cairo, Egypt.

The Petroleum Technology Development Fund (PTDF) has set aside $10 million (about N1.17 billion) for the training of 2,569 engineers.

Beyond Petroleum (BP) and Castrol have been launched as the official sponsors of the 2010 World Cup in South Africa.

Is it possible to put 250 litres of fuel in a car with tank capacity of 60 litres?

The fact that foreigners are the major players in the bunkering activities along the nation's waterways was again proved right at the weekend when security operatives nabbed 22 Filipinos with 12,000 metric tonnes (84,000 barrels) of crude oil in the

The Niger Delta Non-Violent Movement has declared that elders in the area with whom government continues to fraternise are failures whop should not be relied upon in determining what is best for the oil-rich area.