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Police invitation: I won’t succumb to intimidation, says Ekweremadu

AGAINST the backdrop of invitation extended to him by the Nigeria Police to explain his alleged forgery of Senate Rule,Deputy Senate President,Ike Ekweremadu has said no amount of intimidation from any quarter would deter him from carrying out his legislative functions.

PDP vows to reclaim power from APC in 2019

By Henry Umoru ABUJA- AGAIN, the national  leadership of the Peoples Democratic Party, PDP has vowed  to reclaim power from the ruling All Progressives Congress (APC) in the next general elections coming up in 2019. Speaking with Journalists Monday in at a meeting with North-central members of PDP, Chairman of the North-central sub-committee, Hon. Emeka […]

Oil firms risk losing equities over indebtedness

Oil and gas firms that borrowed huge amount of money at high interest rates from financial institutions in the country would be forced to relinquish some of their stakes to the banks if they hope to continue in business, Vice President, FBN Capital, Ms. Rolake Akinkugbe, has declared. Akinkugbe, in an article in: The Oil and Gas Year, warned that marginal fields’ operators that are yet to commence production on their fields will be the worst affected.

Maintain status quo, Court orders Arco, NAOC

A Federal High Court sitting in Port Harcourt, Rivers State, has directed parties in the suit filed by an indigenous oil service company, Arco Group Plc against Nigerian Agip Oil Company Limited, NAOC, to maintain status quo pending the determination of the applications before it. Justice Lambo Akanbi’s order was sequel to an oral application by the lead counsel to Arco, Chief Wole Olanipekun, SAN, asking the court to prevail on parties from doing anything that would jeopardise the case.

We will not fail to fulfill campaign promises- Amosun

Ogun State Governor, Senator Ibikunle Amosun has assured that he would not fail in fulfilling all his electioneering campaign promises aimed at bringing development and giving a new lease of life to all and sundry in the state

Petroleum: Stakeholders identify 13 areas for intervention

As many as 13 operational challenges have been identified as requiring urgent attention by the new President Mohammadu Buhari’s administration, if it is to reverse the current downturn bedeviling Nigeria’s petroleum sector Among them are incoherent joint venture, JV, and production sharing contract, PSC, arrangements; crude oil theft; pipeline vandalism; low level crude oil exploration; mismanagement of crude swap arrangement; and absence of a coherent policy guiding allocation and transfer of oil blocks.

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