THE Shell Petroleum Development Company, SPDC, said it has been supply portable water to communities affected in the Ogoni spill saga, which has occupied recent discourse on environmental pollution in the international scene.

THE Chairman, Senate Committee on Power and Steel Development, Senator Philip Tanimu Aduda, has ordered the Minister of Mines and Steel, Musa Sada, to as a matter of urgency dissolve the Interim Management Committee of Ajaokuta Steel Company for their roles in the sale of equipment of the steel company.

The Minister of Petroleum Resources, Mrs Diezani Allison-Madueke, weekend denied that the NNPC made illegal deduction from the sale of crude oil as alleged by the Nigeria Extractive Industries Transparency Initiatives ( NEITI).

Indigenous companies operating in the oil and gas sector have been asked to pay serious attention to the training and retraining of Nigerians in their employment to enable them acquire the necessary skills and expertise that will be crucial to the success of the Nigerian Oil and Gas Industry Content Development Act

The Minister of Mines and Steel Development, Arc. Musa Mohammed Sada has stressed that the Federal Government would not entertain an out of court settlement nor would it enter into further negotiations with Global Infrastructure Holdings Limited, GIHL, over the cancellation of the concession of Ajaokuta Steel Company Limited (ASCON).

As part of contributions to the ongoing efforts to create an enduring environment for the growth of the Nigerian oil and gas sector, Tricontinental Technologies Limited, a division of the Tricontinental Group has recorded a giant stride through its technological initiatives to eliminate downtime in the industry.

Nigerian government finances remain highly vulnerable to oil price fluctuations and Africa’s top oil producer is likely to be affected by a worsening of global economic conditions, central bank Governor Lamido Sanusi said.

IN an effort to accelerate the its transformation agenda in the power sector, the federal government has signed a memorandum of understanding (MOU) with the United States of America which would enable independent power producers in Nigeria to access up to $1.5billion facility to purchase electric power equipments and services from the United States.

AFTER half a century of oil exploration and production in Nigeria, Downstream operators have lamented the exploitative mode of operation of the multinationals in developing the upstream sector at the detriment of the downstream.

The incessant crisis in the oil rich Niger Delta region of the country could be linked to the past failure of developmental efforts to recognize the pivotal role research plays in driving the socio-economic needs, growth and development in the region.

The Federal Government has urged operators in the nation’s extractive industries to operate in a professional manner that will ensure the sustainability of the environment and help create immense opportunities for wealth for millions of Nigerians.

Following the imminent deregulation of the downstream sector via the proposed subsidy removal from 2012, major stakeholders in the downstream oil sector are poised to gather in Abuja for this year’s Africa Oil Trading and Logistics Expo (OTL Africa Downstream) which will brain-storm on the total deregulation of the sector.

THE department of petroleum resources has highlighted some of the challenges encountered by operators in achieving Health, Safety and Environmental, HSE, compliance in deepwater facility development projects.
Adding that the Nigerian petroleum regulations and status has provided that adequacy of safety provision be achieved from concept selection stage through operations to decommissioning.

THE Nigeria Electricity Regulatory Commission, NERC, has outlined efforts at ensuring the health and safety of electricity stakeholders nationwide.

NIGERIAN Electricity Regulatory Commission (NERC) has warned its licensees that massive load shedding of their customers without approval from it violates the Electric Power Sector Reform (EPSR) Act 2005 and that appropriate sanctions will henceforth be meted on erring organization.