The Department of Petroleum Resources (DPR) generated N800 billion for the Federal Government in 2008 alone, its Acting Director Mr. Billy Agha disclosed to the House of Representatives Committee on Petroleum Upstream yesterday.

THE Lagos Chamber of Commerce and Industry (LCCI) has lauded petroleum products marketers for selling at approved government price to consumers, noting it has brought about efficient distribution of petroleum products across the country.

Gusau-Alhaji Ibrahim Danmaliki, the Zamfara Commissioner for Information, said the State Government had reduced its 2009 budget proposals by 25 per cent due to uncertainties in international oil market.

The 2008 festive season did not go so well for most Rwandans as all parts of the country were affected by a serious shortage of petrol. Reports indicate that the shortage spread throughout the region. However, diesel was in adequate

Clean Nigeria Associate, a contingency response team established by some major oil companies operating in Nigeria, have commenced the clean up and recovery of oil impacted creeks in Nembe, Bayelsa.

IN order to stem the activities of oil bunkerers in the Niger Delta, governors of the region have concluded plans to purchase amphibious jeeps and buses that would enable the navy or any of the security organs police the waterways

THE price of petrol at filling stations in the city continues to remain high.

FUEL retailers with excess stock find themselves between a rock and a hard place when fuel prices plummet as they have no choice but to sell the fuel at a loss, according to the Fuel Retailers' Association.

The Federal Ministry of Petroleum yesterday told the House of Representatives that it has remitted into the coffers of the Federal Government N6.105 billion unspent funds from the 2008 budget.

WORKERS in the nation's petroleum industry appear to be losing patience with President Musa Yar'Adua led-government sluggish approach to governance especially regarding the setting up of new refineries in the country and are planning a show down with government to

UGBORODO community in Warri South-West Local Government Council of Delta State has appealed to Governor Emmanuel Uduaghan of the state, to prevail on the authorities of Chevron Nigeria Limited to complete the abandoned Ugborodo new town project.

Lagos State on Wednesday got approval from the Nigerian Electricity Regulating Commission (NERC) to prosecute the Power Holding Company of Nigeria Limited (PHCN) over a N12 billion power purchase agreement.

The discovery of oil in two different locations in Ogun State is exciting the Governor, Gbenga Daniel. He said the state will soon join the league of oil producing states in Nigeria as crude oil has been discovered in large

A shortage of petrol has hit Livingstone as most filling stations have run out of the commodity.

Executive Secretary of the Major Oil Marketers Association of Nigeria (MOMAN), Mr Obafemi Olawore, has said that the delay in the payment of N140 billion debt owed his members by the Federal Government may put them out of business.

An investigation into the death of a worker at PetroSA's Mossel Bay gas-to-liquids refinery is to be launched.

LIKE most of their country men and women, bus-stop parliamentarians were both happy and in a hurry to bid 2008 goodbye for varying reasons.

Nigeria's current oil reserve life index has been put at about 45.75 years while current oil reserves depletion rate is also placed at 2.23 per cent based on an estimated annual production rate of 730.90 million barrels.

The Petroleum Downstream Group of the Lagos Chamber of Commerce and Industry has commended Pipeline and Products Marketing Company, a subsidiary of Nigeria National Petroleum Corporation (NNPC), for its efficient distribution of petroleum products across the country.

Chairman, Senate Committee on Public Accounts, Senator Ahmad Lawan (ANPP, Yobe North), in this interview with Sufuyan Ojeifo, speaks on the directive given to the Auditor General of the Federation to audit the accounts of ten federal agencies, including the