Contrary to speculations that Nigerian companies participation in the annual Offshore Technology Conference, OTC, in Houston Texas, US, is more of a jamboree than business development, Emval Holdings Limited, has said that participation in the conference has brought it vast business opportunities.

Rights group, the Campaign for Democratic and Workers’ Rights, CDWR, has called on the Federal Government to make room for transparency and democracy in the management of the Power Holding Company of Nigeria, PHCN.

The former Minister of State for Petroleum Resources, Mr. Odein Ajumogobia, has said the Petroleum Industry Bill (PIB), when eventually passed into a law, will serve as the catalyst that the country’s oil and gas industry needs to revolutionise the sector.

The Federal Government has again, secretly indulged in the discretionary award of oil blocks in Nigeria, a development that contravenes global practice of open bidding and a negation of the Extractive Industry Transparency Initiative, EITI, of which Nigeria is signatory.

The 2012 edition of the Offshore Technology Conference, OTC, ended in Houston, Texas, USA, last week with a record 89,400 attendees in its 30-year history.

French oil company, Total, has begun drilling two relief wells at a gas plant in Nigeria that was shut down last month because of a leak caused by a technical incident, it said on Sunday.

Power sector deregulation has been identified as one of the major means of attracting investors and new investments into Nigeria’s power sector.

The Nigerian Gas Association, NGA, has promised to use its learning programme to boost the development of home grown talents that will guarantee active participation of Nigeria’s gas sector without compromising international best practices.

THE Nigerian Union of Petroleum and Natural Gas Workers, NUPENG, has called on the Federal government to speed up the process of the promulgation of the Petroleum Industry Bill, PIB, to save the nation’s oil and gas sector from total collapse.

Indigenes of Opuama in Warri North Local Government Area of Delta state, have protested their continued cut off from power from a Shell Petroleum Development Company, SPDC generator.

The Minister of Power, Prof. Bart Nnaji, has blamed the dip in electricity supply across the country in the last one month on low water level in the dams supplying water to the three hydro power stations in Kainji, Jebba and Shiroro.

First of all, the Farouk Lawan led ad hoc committee of the House of Representatives (HOR) found that the official daily consumption of petrol across the country is 35 million litres per day.