Fresh facts have emerged yesterday over the reason behind the strike action by Petroleum Tanker Drivers and the National Union of Petroleum and Natural Gas Workers, which led to acute scarcity of petroleum products in some cities of the country, especially Abuja.
The NNPC said on Monday in Abuja that it was not responsible for the "artificial" fuel queues in Lagos and Abuja. The corporation's spokesman, Dr Levi Ajuonuma, said in a statement that the long queues at the petrol stations since the weekend had nothing to do with the unavailability of the product at the depots.
The Nigerian National Petroleum Corporation (NNPC) has said that the nation's crude oil production capacity has recorded a quantum leap in the aftermath of the amnesty programme and the return of peace in the Niger Delta area.
The United Nations Environment Programme (UNEP) today launched an assessment of the impact of contamination from oil across the Ogoni region of the Niger Delta in Nigeria, which has been plagued by local unrest and ecological damage in recent years.
The Ghana Research and Advocacy Programme (G-RAP) chose the theme "Transparency, Accountability and Development of the Oil and Gas Industry in Ghana" for its 2009 Research and Advocacy Organisations (RAOs) convention which ended on Tuesday.
Ghana is said to be in a good position to become a model for oil development in Africa. With a better political climate and regulation framework coupled with an active press, the new sector in Ghana could develop into something big. However, the country must be cautious in order not to neglect other sectors because they are equally important.
Uganda government could earn over US$300million in taxes from the sale of a company disposing of its stake in Uganda's oil fields in Western Uganda, according to highly placed industry source.
The government's apparent classification of the contents of the draft governing policy for the oil and gas sub-sector has met the disapproval of Research and Advocacy Organisations (RAOs) as well as key opinion leaders.
TOL Gases Limited has spent a total of Sh3.2 billion since divesture 2005 to put in place the necessary infrastructure to address production and distribution bottlenecks.
The Chartered Institute of Marketing -Ghana (CIMAG), has called on marketers in the country to reposition themselves as leaders in industry and commerce to promote the new and emerging opportunities that the economy may provide, especially the oil industry. Marketers are, therefore, design to acceptable benchmarks for assessing performance of organizations and other industries.
There are investment opportunities for supplying fuel to the various airlines that fly into the Julius Nyerere International Airport in Dar es Salaam.
Cooking gas buyers will from Tuesday be free to exchange their cylinders at any Total, OiLibya, KenolKobil, BOC, Shell and National Oil outlets regardless of brand, in a move aimed increasing access to the product and bring down prices.
The blending of petrol with ethanol will be re-introduced in the Kenyan market next March in a move that will cushion motorists against oil products' price volatility and offer local alcohol distillers a bigger market.
African oil output will rise sharply in the coming years if new projects start up as expected and tension continue to ease in heavyweight supplier Nigeria.
THE Federal Government, yesterday, stated that there was no going back on oil and gas industry reform, even as it pointed out that the industry was facing core challenges that has made the nation's oil and gas industry perform below its resourceful standards.
Nigerians may face hard times this yuletide following indications, yesterday by the Independent Marketers Association of Nigeria(IPMAN), that the pump price of fuel may be hiked again to N150 per litre.
Uganda is likely to be a top - 50 oil producer by 2015 and on course for 100,000-150,000 bpd of oil in five years. However, waxy crude oil will require heated pipeline for transport, reports Reuters.
Fuel scarcity currently being experienced in Lagos and Abuja is artificial and has its roots in a recent directive issued to Petroleum Tanker Drivers (PTD) by the national leadership of the National Union of Petroleum and Natural Gas Workers (NUPENG), the Nigeria National Petroleum Corporation [NNPC] said yesterday.
The Ministry of Energy has awarded KenolKobil the tender to import 160,000 metric tons of Murban crude oil for processing in the month of January.
In line with its objective of increasing exploration and production of hydrocarbon resources with a view to growing the nations oil reserves to 40million barrels of crude, the Federal government on Tuesday renewed the leases of OLS 67, 68 and 70 shallow waters with Mobil Producing Nigeria Unlimited, under the NNPC/Mobil Producing Nigeria Joint Venture operation.
ABUJA In a bid to put to rest the perennial artificial fuel scarcity in the country, the Nigerian National Petroleum Corporation (NNPC) said, Thursday, it has concluded arrangements with some Independent Marketers to take over their filling stations in order to sustain steady fuel supply.
DR. Emmanuel Eweta Uduaghan, is the executive governor of Delta state, a major oil and gas producing state noted for several positives but like its neighbouring states often caught in the eye of the storm militancy, pipeline vandalism and piracy.
OIL producing communities in Edo State have condemned what they described as deliberate exclusion of their people from the post-amnesty committee set up by the federal government.
Total Gambia Limited, Subsidiary of Total France on Saturday November 21st held a day's training session for it staff in the conference hall of the prestigious Senegambia Beach Hotel located in Kololi.
For some years now, the Niger Delta has been literally turned to a war zone as militants held the nation to ransom.
