Emirates airline has announced successful pricing of its inaugural US bond offering guaranteed by the Export-Import Bank (Exim bank) of the United States related to a loan facility secured for three new Boeing 777-300ER aircraft.

Qatar Airways has introduced a free companion fare in its Business Class Cabin to Dubai and London, with sales leading into Christmas.
This, according to a statement issued by the airline in Lagos, means that a passenger could purchase one ticket and get one free ticket for his or her spouse or partner to travel in business class cabin and receive a five star treat.

THE full weight of major operators in downstream petroleum has been thrown behind the OTL Africa Downstream Conference & Exhibition 2009.

ABUJA – NIGERIA ’S quest to ensure effective gas utilization received a major boost with the announcement that the gas utilization project at the Ovade-Ogharafe oil field in Delta state has been successfully registered under the United Nations Clean Development Mechanism (CDM) of the Kyoto Protocol.

ABUJA – THE European Union has blamed the Nigerian system for the country’s inability to generate enough energy to meet local demand as well as help propel industrial and economic growth and development.

NIGERIAN explorer,Oando has been selected by the state-owned Ghana National Petroleum Corporation (GNPC) as a strategic partner to develop assets and infrastructure to harness gas from the deep-water Jubilee field in the Cape Three Points basin.

THE Movement for Emancipation of the Niger-Delta has dismissed the government’s amnesty programme as a propaganda exercise aimed at hoodwinking companies to return to the Niger Delta and pump production back up while the militant threat persists. In an emailed communique to journalists Mend said it will resume attacks against the oil industry at the expiration of the cease-fire on 15 October.

THE proposed Petroleum Industry Bill (PIB), has continued to receive knocks from stakeholders and other concerned individuals and groups with workers in the upstream sector of the petroleum industry faulting among others, the absence of specific provisions on expatriate quota and local manpower training.

CONCERNED that majority of the vessels providing marine services to International Oil and Gas Companies (IOCs) in their upstream and downstream operations are neither registered with NIMASA nor compliant with requirements under the Cabotage Act, the nation’s maritime regulator, NIMASA has come out with a raft of new measures to boost the country’s shipping tonnage.

MANAGING Director of Shell Petroleum Development Company of Nigeria Mutiu Sunmonu says the company produces one million standard cubic feet of gas daily for domestic use, the News Agency of Nigeria reported recently.

On our report of march 23rd on the basis of which people talk about agenda, most of the issues raised have reflected that report. and then continuous examination of banks, it’s like all the steps spelt out on special examination were not followed before your August 14 action.