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

THE Nigerian Electricity Regulatory Commission has commenced assessment of the challenges facing licensed Independent Power Producers with a visit to Geometric Power limited, Aba and the Ibom Power Company Limited in Ikot Abasi where lack of gas supply may leave

Mr. Mohammed Sanusi Barkindo, the newly appointed Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has resumed work at the corporate headquarters in Abuja even as uncertainty dogs other portfolios including those of group executive directors and group

The Minister of Power, Lanre Babalola, has charged the Nigerian Electricity Regulatory Commission (NERC) to review some of the licences already issued to independent power producers to give room for the serious ones to operate and ensure power generation.

Consumer inflation slowed to 13.7 percent year-on-year in December, down by 1.3 percentage points from 15.0 percent in November as fuel costs fell.

NIGERIA has recorded yet another landmark in the management and distribution of petroleum products as it celebrated Christmas and New Year Day without major incident of pipeline explosion and scarcity of products.

The Federal Government has reiterated its determination to deliver 6000MW of electricity to Nigerians by the end of this year.

Governor Namadi Sambo of Kaduna State says the government plans to embark on a multi-million naira emergency fuel power project.

Plans to review licences already issued to Independent Power Producers (IPPs) to ascertain serious investors in the power sector is underway, the Minister of Power Dr. Lanre Babalola has said.

The freshly sacked Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Abubakar Yar'Adua was loaded with assignment when the Federal Government announced his appointment on August 10, 2007.

One could perhaps ask, who are those people suffering and why are they suffering? Is it because the people don' t have money to buy what they need? Don t they have lands to cultivate their farms? Don t they

The Organisation of Petroleum Exporting Countries (OPEC) Secretariat in Vienna, Austria, has described the appointment of Mr. Mohammed Sanusi Barkindo as the new NNPC Group Managing Director (GMD) as well deserved.

The committee set up by Akwa Ibom State government to, among other things, determine the cause of the oil spill that occurred last year in Ibeno, has blamed the problem on "negligence and equipment failure".

The Federal government has affirmed that "there is misery and frustration across the Niger Delta Region as a result of unfulfilled promises and the absence of life-enhancing infrastructure to compensate for the oil and gas" taken from oil producing communities.

AS indications emerged that workers in the nation's Petroleum industry are bracing up for a show down with government over the recent appointment of Messrs Gobalt International Limited, a foreign firm to carry out oil export pre-shipment services at the

IN an effort to keep Nigerian industries and the manufacturing sector running profitably in a safe and environmentally friendly way, Gaslink Nigeria limited, a subsidiary of Oando Plc has completed the 38 Kilometer expansion projects on its gas pipelines, a

The Nigerian Electricity Regulatory Commission (NERC) plans to spell out modalities that would encourage investors in independent power projects (IPPs) derive more benefits from their investments.

Few of the companies granted licences to operate as independent power producers (IPPs) in the country are making progress in the construction of their power plants.

Residents' fear that with so many filling stations located in residential areas all over the expressway (especially in araraba, One-man village, New Nyanya, New Karu and Masaka) any fire-outbreak could lead to monumental disaster. Nigeria National Petroleum Company (NNPC) regulation

THE face-off between members of the Edo State Assets Verification Committee and members of the Edo State Oil and Gas Producing Areas Development Commission (EDSOPADEC), intensified weekend, when members of the Commission shunned the 48-hour ultimatum given to it by