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The Ethiopian government has dismissed claims by Ogaden rebels to have captured seven towns in the oil rich Somali region located in south eastern of Ethiopia.
PART from rehabilitation and re-integration of repentant militants, the implementation of a wide range of projects in the Niger Delta region is a critical component of the post-amnesty package of the Federal Government which must not be toyed with.
The revelation by Minister of State for Petroleum Resources, Odein Ajumogobia that Nigeria is considering the possibility of processing some of its crude oil in Senegal from where the refined product would then be imported has been received with rude shock.
THE Lagos State government has said it will enforce traffic laws on recalcitrant drivers who cause traffic along highways while queuing for fuel at petrol filling stations across the state.
Tough times await shareholders of Okomu Oil Palm Company Plc, in terms of returns on their investments, especially in the area of dividends and bonuses, as the company recorded a significant decline in its key financial indices for its third quarter fiscal year.
A nation enjoys unfettered rights over the oil and gas deposits situated within its borders or located beneath its Continental Shelf to the outer limit of its Exclusive Economic Zone, as determined in accordance with the Convention on the Continental Shelf held in Geneva, April 1958.
SHELL Petroleum Development Company (SPDC) said over $1 billion has been spent on the Gbaran-Ubie Integrated Oil and Gas Project, with the provision of employment for 6,000 Nigerians.
A house of Representatives member representing Sumaila Federal Consiteuncy, Kano State, Alhaji Kawu Abdurrahman Sumaila, has warned the federal government against quick deregulation of the oil sector without conducting a referendum to know the people's view on the issue.
Nigeria has recorded significant progress in meeting specified policy aspirations in the upstream petroleum sector with total proven crude oil reserves jumping from 35 billion barrels in the first quarter of the year tot 38.6 billion in the third quarter.
Organization of Petrroleum Exporting Countries (OPEC) has endorsed the controversial Petroleum Industry Bill (PIB) currently undergoing review in the National Assembly, saying the provision for transformation of Nigerian National Petroleum Corporation (NNPC) to become a commercial player was reasonable.
Gaslink Nigeria, a subsidiary of Oando Petrolum, has denied reports that over 150 manufacturing companies stopped production due to suspension of gas to their factories.
The Accountant General of the Federation, Alhaji Hassan Ibrahim Dankwambo, has revealed that a total sum of N375.035billion was taken from the excess crude savings to augment shortfalls in revenue shared among the 36 States of the Federation between January and November, 2009.
A member of the House of Representatives and Chairman House Committee on Gas, Hon. Igo Aguma, has said that gas flaring in Nigeria would end in 2012.
Losses recorded in the shares of 34 companies,especially those of Mobil, and food manufacturing major, Nigerian Bottling Company (NBC), yesterday pushed the primary equity performance indicators back to the negative region.
Student body of the University of Port Harcourt has called on the Federal Government to immediately relocate the ex-militant camp located at Aluu, near Port Harcourt, the Rivers State capital. This followed another violent protest staged by the ex- militants numbering about 4000 at the Aluu Rehabilitation Center .
There was a fire outbreak yesterday, which disrupted operations at Ejigbo Depot belonging to the Nigerian National Petroleum Corporation (NNPC) in Lagos.
The House of Representatives Committee on Gas Resources yesterday raised questions over the implementation of the 2009 Budget in the gas sector for which the Federal Government provided the sum of $1.5billion to fund the Nigeria National Petroleum Corporation (NNPC) in the execution of domestic gas projects.
Petroleum Equalisation Fund (PEF) Management Board yesterday announced the installation of new tracking equipment towards ensuring availability of petroleum products, a move seen as an innovative way of reducing the spate of petroleum product diversion in the country.
Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Justice Emmanuel Ayoola, yesterday canvassed a 15-year imprisonment term and forfeiture of assets of any culprit found to have embezzled funds accrueing from the welfare programmes of government , especially that expected from the deregulation of the oil sector.
The African University of Science and Technology (AUST), Abuja is to provide indigenous manpower to meet the demand for local content in the Nigerian oil sector. President of the university, Prof Hilary Inyang, who disclosed this during a tour by the Special Adviser to the President on Political Matters, Senator Polycarp Nwite said, "with the growing concern for local content in our oil sector, ...
TWO special Police constables attached to Boroboro out-post have been arrested over fuel theft. Geoffrey Okello and Patrick Odongo are accused of conniving with thieves to siphon fuel from China, Road and Bridge Construction, a company upgrading Soroti-Lira road.
When I was a child, my father spoke his mind about my out of line actions oftentimes with a whip. The lashes were painful all right, and did drive home his message very well.
Parliament on Monday approved government's request of a $10m loan from the OPEC Fund for International Development to extend reliable and affordable electricity to areas of Kigali and the western Province.
LONG fuel queues have hit Lagos State and other major cities across the country, as the problem of logistics hinders efforts by the Pipeline Products and Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, to discharge products from its imported cargoes for distribution to marketers.
Ghana, in the next four years, will be among the petroleum exporting countries in Africa.
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