The Bayelsa State Government has called on the Ijaws in Diaspora to return home and invest in the cause of transforming the state from a resource based economy into a knowledge-driven one, so as to catch up with the rest of the world.

SAPELE-LARGE quantity of bitumen allegedly from pipelines belonging to Asca Bitumen Company located in Ogorode, Sapele, Okpe Council Area of Delta State was late Tuesday night spilled into the sprawling residence of Nigeria’s first Finance Minister, Late Chief Festus Okotie-Eboh.

Oil refining is the process that takes us from crude oil to refined or finished products through an oil refinery such as high-octane motor fuel (gasoline/petrol), diesel oil, liquefied petroleum gases (LPG), jet aircraft fuel, kerosene, heating fuel oils, lubricating oils, asphalt and petroleum coke.

NOT less than $50billion would have been spent in the next five years if the federal government yields to the ongoing pressure to allow the continuation of fuel subsidy according to Sweetcrude investigation.

Canada has revealed that some of its major energy companies have expressed an interest to invest in Nigeria’s power sector.

The Sir Emeka Offor Foundation, SEOF, has commenced the second phase of the donation of study materials to schools in Nigeria, cutting across primary, secondary, polytechnic and universities.

The Nigerian Association of Petroleum Explorationists, NAPE, has said that Nigeria’s gas reserves have remained stagnant in the last six years.

The Petroleum Products Pricing Regulatory Agency, PPPRA, has proposed a multi-phased programme on deregulation as the best option out of the current predicament.

WARRI- NIGER Delta activist, Comrade Paul Bebenimibo, weekend, said the support for President Goodluck Jonathan by the masses was waning across the country because of his planned removal of petroleum subsidy and non-fulfillment of his electoral promises.

Experts say that corrosion and wear of machinery parts are a major problem in the offshore drilling business. Offshore oil and gas platforms are subjected to hostile corrosive marine environments, which require continuous preventive and corrective maintenance to ensure prolonged and safe operations.

ORKERS in the informal sector have rejected the Federal Government’s plan to remove subsidy on petrol, saying it would worsen the sufferings of Nigerians and that the so-called safety nets by government would be meaningless.