DESIROUS of proper accountability in the petroleum industry in the country, the House of Representatives Committee Petroleum Resources (Upstream) has vowed to institute measures that would open up the industry whose transactions it noted had been shrouded in secrecy for

SOME electricity consumers in the country have described the new pre-paid metering system as fraudulent noting that a card of N2000 may have units worth only N1600 without prior or subsequent explanation to the consumer.

ALARMED that there is no let up in the level of adulteration of petroleum products by unscrupulous persons, contractors and other stakeholders in the oil industry have charged the Department of Petroleum Resources (DPR) to evolve better ways to check

Early in the life of former President Olusegun Obasanjo's administration, the National Assembly had the courage to veto him on the Niger Delta Development Commission (NDDC) Bill which he refused to assent to after it was passed by the two

THE House of Representatives committee on Petroleum last year commenced an investigation of the Nigerian National Petroleum Corporation (NNPC) and its subsidiaries, and the Department of Petroleum Resources (DPR).

AIRLINE operators in the country plan to meet with the House of Representatives this week over rising cost of aviation fuel.This is coming on the heels of recent plans by the operators to also meet with President Umaru Musa Yar'Adua

Energy is the engine of societal development.

Petroleum products marketers have threatened not to resume importation and supply of petroleum products until payment of the over N140 billion indebted by the Federal Government to them.

The Nigerian National Petroleum Corporation (NNPC), on behalf of the Federal Government, at the weekend held high level discussions with their Algerian counterparts and the Netherlands to explore prospects for a partnership Shell for the development of a trans-Saharan gas

In the aftermath of the global meltdown, there are strong indications that the Federal government may reduce the prices of petroleum products.

Federal Government has sought the assistance of the Japanese government in providing solution to gas flaring out in the country .

PROPERTY developers said last week they were losing income due to reduced project sizes and incurring extra costs since Eskom decided to review the issuing of new quotations for property developments requiring power of 100kVA and above.

THE Rural Electrification Agency (REA) is saddled with a debt burden of N2.85billion owed as outstanding liabilities to various contractors who are now threatening to drag the electricity agency to court in order to receive their payments.

Airline operators yesterday protested the increasing cost of aviation fuel in the country and warned that the situation could lead to collapse of aviation businesses.

THE global slowdown and last year's record fuel prices have claimed two more victims in the airline industry, with Zambian Airways ceasing operations at the weekend and Virgin Nigeria announcing it would suspend flights to London and Johannesburg later this

The government has confirmed an end to the prevailing fuel crisis, which has lasted over a month, by reaching a consensus with neighbouring countries to ease the transportation of oil products.

OIL thieves angry at the arrest of six Ghanaians and a Nigerian by the Joint Task Force (JTF) on the Niger-Delta for crude oil bunkering in Delta State and the refusal of the task force to release the stolen crude

NIGERIA'S crude oil output remains shrouded in secrecy despite announcement by Shell Companies in Nigeria (SCiN) lifting force majeures on its production imposed twice last year owing to an attack on its facilities and OPEC inspired cuts, both government and

The newly-elected government has barely settled in, and the three-man committee tasked to coordinate the transition, from the economic policy of the erstwhile government, to a new regime under the incoming administration, has yet to issue a preliminary report.

Nigeria's non-oil export for 2009 has been estimated at $1.4 billion, even as the losses through smuggling of products to other countries were relatively five times this figure.The Acting Executive Director, Nigerian Export Promotion Council (NEPC) Aliyu Mohammed Lawal, who