Fresh crisis between the Shell Petroleum Development Company (SPDC) and Agge community in Delta State has been averted following the timely intervention of the state government.

PETROSA's award yesterday of an engineering contract to US group KBR as part of an $11bn refinery project at Coega has been hailed as "significant" for the viability of the Coega industrial development zone.

As the price of oil continues to decline, the Institute of International Finance (IIF) 2009 commodity forecast says oil will average $56 per barrel in the first quarter of next year, rising to about $65 towards the end of the

The Nile Basin Initiative (NBI) has announced a pledge of US$ 7million by development partners to aid in the preparation of new power and natural resource management programmes.

Senators from the Niger Delta region are expressing serious misgivings over the Federal Government 2009 budgetary proposals for the region asserting that the financial plans fall short of the government promises of addressing the infrastructure deficiencies in the oil rich

Eskom has announced it will no longer build the Nuclear One project, which theoretically would have cost about R120bn. I can't help feeling this is a terrible mistake for all kinds of reasons.

Human Rights Writers Association of Nigeria (HURIWA), a development focused Non-governmental Organization, yesterday warned the Movement for the Sovereign State of Biafra (MASSOB) that its threat to strip the founding National Chairman of the All Progressive Grand Alliance (APGA), Chief

WORDS are not enough to describe the shame and embarrassment caused the nation few days ago when all operations and commercial activities at the arrival and departure halls of the Murital Mohammed International Airport, Lagos, were shut down as a

Three dispensing pumps at an AP filling station in Abuja were yesterday sealed by officials of the Federal Ministry of Commerce and Industry.

THE government has used last week's decision by the Eskom board not to proceed with the bidding process for SA's second nuclear programme to unveil its ambitious plans for nuclear energy.

Even if the Federal Government accepts the recommendations of the Ledum Mitee-led Niger Delta Technical Committee (NDTC) on the payment of derivation to oil producing states based on a figure not less than 25 per cent, peace may still remain

THE Kenyan Government has allowed Ugandan fuel dealers to fetch fuel from Mombasa port as a way of solving the fuel crisis that hit the country a month ago.

As this year's festive season begins, Kigali is facing fuel shortages and forcing many car owners to leave their vehicles packed at home, and use public buses or the Kigali trademark, the Moto to conduct their daily businesses.

COAL prices are likely to remain under pressure in the year ahead as economic growth slows down around the globe, leading to falling demand for metals and power generation.

Gloria E. Essien-Danner (Mrs.), Executive Director, Mobil Producing Nigeria and Member of the Upstream Leadership Council, is a woman of distinction who has made diverse contributions to the oil and gas industry.

Joint Military Task Force (JTF) "operation flush out 3" in Port Harcourt, Rivers State, said its on-going operations to flush out criminal elements from the state yielded successful results last week.

THE anticipated reduction in the pump price of fuel, which was expected this month, is likely to delay because the reserve facilities in Zambia are still filled with fuel imported by Oil Marketing Companies (OMCs), the Government has said.

Dwindling crude oil prices in the international market has led to a corresponding drop in the landing cost of Premium Motor Spirit (PMS), commonly known as petrol to N39.17 per litre as at Wednesday, December 3 2008.

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

Uganda's electricity distributor, Umeme has unveiled plans to invest over $100 million annually for the next couple of years to curb the ever growing number of losses due to unscrupulous people who steal electricity.