Panic buying and long queues in petrol stations are back in Lagos, caused by scarcity which could sour Christmas and New Year celebrations for millions of residents.

As part of effort to ensure efficiency and effectiveness of the oil and gas sector of the Nigerian economy, Department of Petroleum Resources (DPR) has warned contractors in the industry to stop operating with forged licenses and permits.

Unless urgent steps are taken to assuage the of Petroleum Tanker Drivers (PTD), an affiliate of National Union of Petroleum and Natural Gas workers (NUPENG) over what they termed incessant harrassment and extortion by the Lagos State Transport Management Authority,

Staff of the Petroleum Equalisation Fund Management Board , a member of the Petroleum and Natural Gas Senior Staff Association,PENGASSAN, yesterday at their Abuja office , in a peaceful demonstration threatened to go on strike on Monday , the 21st

Construction works for the 27.5 MW Nyabarongo hydro power plant, the biggest of its kind in the country, have begun.

STATE-owned oil and gas group PetroSA will go on with appraising and developing the offshore F-O gas field with a view to producing gas from 2011.

Customers of the National Electricity Corporation, AES SONEL, in Kumba have been bribing workers of the institution to assist them in paying their bills.The bribe issue comes in the wake of the payment of November bills where authorities of the

Angola will assume the presidency of the Organisation of Petroleum Exporting Countries (OPEC) as from January 2009, although the formal pass of the post happened last Wednesday, in Oran, Algeria, ANGOP has learnt.

FRESH oil spillage has occurred at Agbara in Ughelli local government area of Delta State causing serious environmental damage which has forced some of the villagers to flee.

STAKE-HOLDERS including elders and traditional heads of the oil communities in the Niger Delta yesterday proffered solution for the quick resolution of sensitive issue within the region, submitting that the militarization of the troubled region is doing more harm than

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has urged the Federal government to consider solar and power wind as alternative energy sources to petroleum products.

The strike embarked by petroleum products tanker drivers plying Lagos roads in protest against the constant molestation, extortion, indiscriminate arrests and harassment of their members by agents of the Lagos State Government has entered the third day.

Oil service contractors have accused Department for Petroleum Resources (DPR) of charging them excessively in the registration and issuance of operation permit.

PANIC buy-ing of petroleum products, long queues and fuel scarcity yesterday dogged the strike embarked upon by the Petroleum Tanker Drivers (PTD) unit of the National Union of Petroleum and Natural Gas Workers (NUPENG) to protest alleged extortion, harassment by