NIPP: Ucoordinated logistics may stall power supply
By Godwin Oritse THE uncoordinated warehousing of the National Integrated Power Project (NIPP) equipment may stall the December dead line of 6,000 mega watts target of power supply. The NIPP has suffered a lot of ill fate in recent times as some of the equipment were actually auctioned by the men and officers of the […]
Yar’Adua approves two new Deputy Commissioners for NAICOM
President Umaru Yar’Adua has approved the appointment of two new deputy commissioners for the insurance industry regulator, National Insurance Commission (NAICOM).
SPDC, NEMBE inaugurate N215m projects in Bayelsa
Projects worth N215 million have been inaugurated by Nembe community in Bayelsa State and Shell Petroleum Development Company of Nigeria Ltd (SPDC), the company has disclosed.
Nigeria’s crude oil production hits record 2.4 million bpd
The Nigerian National Petroleum Corporation (NNPC) has said that the nation’s crude oil production capacity has recorded a quantum leap in the aftermath of the amnesty programme and the return of peace in the Niger Delta area. The Group Managing Director of the NNPC, Dr. Mohammed Barkindo, who said this during a visit to the […]
National Assembly to pass PIB before Christmas
…Wants gas flaring to end by Dec. 31, 2010 By Oscarline Onwuemenyi ABUJA – The proposed reform of the nation’s oil and gas sector could get underway with the planned passage of the Petroleum Industry Bill by the National Assembly before the Christmas holidays begin. This position was disclosed on Tuesday by the Chairman of […]
Feedback : Nigerian Oil Industry : Things are bad, extremely bad
By Babatunde Fashakin Let’s not kid ourselves, things are not bad….they are extremely bad! We are in a situation of denial, our economic power has dwindled, our confidence shaken, and our fate hijacked. The current situation of the oil and gas industry has turned and for the worse. We have an industry bill that has […]
