NIPCO Plc, one of the main players in the downstream sector of the oil and gas industry has observed that zero tolerance to hazards associated with handling of hydrocarbons to both human and material resources remains the hallmarks of its operation since inception.

By Yemie Adeoye THE Federal Government   has announced a loss of about 1,101,488 barrels of oil per day (bopd) during the first quarter of 2009 alone mainly due to the crises in the oil rich Niger-Delta region. Specifically, 474,705 bopd was deferred in January while the month of February witnessed a larger deferment of about […]

FOLLOWING the launch of its gas-powered vehicle in Nigeria, Nipco Plc, one of the major players in the downstream sector of the oil and gas industry has called out to the Federal Government to encourage importation of kits by giving concessions and other benefits to cars running on liquefied petroleum gas, LPG.

By Yemie Adeoye THE nation’s oil   production figure for first quarter 2009 as released by the Department of Petroleum Resources, DPR in Lagos recently has been put at 2,049,418 barrels of oil per day, bopd. The Acting Director of Petroleum Resources, Mr. Billy Agha stated this during the first quarter media briefing of the department […]

THE oil politics of Nigeria is as aggravating as it is comical. The Babangida government magnanimously gave back 4% of revenue accruing to oil sales and in the present 1999 Constitution the figure was increased to 13%.