Elders and Traditional Heads of the Oil Producing Communities of the Niger Delta yesterday proffered solution for the quick resolution of contentious issue within the region, saying the use of force will not work but compound the security situation in

Members of the Organisation of Petroleum Exporting Countries (OPEC) yesterday agreed to a cut in crude oil production by two million barrels per day.

REGIONAL Transmission Manager of Power Holding Company of Nigeria, Port Harcourt Region, Mr. Akinniranye Olusola has appealed to electricity consumers in the region to maintain vigilance over power installations to forestall power blackout during the yuletide.

The African Petroleum Plc is set to enter a joint venture partnership with the Nigerian National Petroleum Corporation (NNPC) in 2009.

The Managing Director of the Niger Delta Development Commission (NDDC), Mr. Timi Alaibe, yesterday explained the delay in the construction of the Sagbama-Tungbo-Bolu Orua and Angiama-Ebedebiri-Toru-Oru roads in Sagbama local government. He said it was due to non-availability of fund.

POPULIST-driven countries will suffer more than others in Latin America from the global financial crisis. This is both ironic and concerning, given the rhetorical guarantees made by leaders in their political campaigns, and claims of immunity when the crisis first

Given the persistent shortage of electricity from the Power Holding Company of Nigeria (PHCN), Borno State government has resorted to providing solar powered street lights to the 27 local government areas in the state.

The bearish trend in the Nigerian capital market continued, Tuesday, as two petroleum marketing stocks, Chevron Oil Nigeria Plc and Oando Plc recorded the most share price loss on the Nigerian Stock Exchange (NSE).

A Senator repre-senting Ukwa Federal Constituency, Hon Uzoma Nkem Abunta, has called on the Federal Government to release the N300 billon being statutory allocation to the Niger Delta Development Commission (NDDC) since its inception eight years ago to enable it

Nigerians may celebrate a bleak Christmas as petroleum tanker drivers yesterday embarked on an indefinite strike.

MATTERS of oil the world over have become just about the most sensitive in nature as they set the pace for global well being, peace or war, poverty or prosperity and famine or times of plenty.

THE Government will slip into debt if the delayed off-loading of the recently bought 90,000 tonnes of crude oil persists, Energy and Water Development Permanent Secretary, Peter Mumba has said.

FOURTEEN months ago, Governor Emmanuel Uduaghan of Delta State asked Nigerians to move away from the dependence on oil. The price of the commodity had not hit the $100 per barrel mark then.

Environmental experts have called on oil companies operating in the oil rich region of the Niger Delta to be prompt and paying back their ecological debts as the only way of restoring the region.

The Nigeria National Petroleum Corporation (NNPC), has concluded arrangement to enter into a joint venture partnership with African Petroleum Plc, in year 2009, so as to construct a refinery in Lekki, Lagos.

MEMBERS of the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC oil exporters took action yesterday that could remove up to 2.6 million barrels of oil from the market in a bold bid to boost prices and producers' incomes in

Imminent scarcity of petroleum products looms across the country, as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), conclude plans to begin an indefinite strike action. Already, a seven day warning strike embarked upon by the oil