Nigeria earned about $16.609 billion (N2.641 trillion) from the export of crude oil in three months — between January and March 2013, according to data released by the Central Bank of Nigeria, CBN.

Part one of this article reviewed the legal framework of Dodd-Frank, calling attention to its transparency and disclosure provisions in the global extractive industry.

The Nigeria Electricity Regulatory Commission, NERC has commenced the N50, 000 new pre-paid meter scheme, under the Credited Advance Payment for Metering Implementation (CAPMI).

Governor Babatunde Fashola of Lagos State, on Tuesday, urged Nigerians to imbibe the culture of conservation as a way of life in all sectors, especially in the energy area.

The Nigeria Extractive Industries Transparency Initiative, NEITI, has kicked against certain provisions of the Petroleum Industry Bill, PIB, especially sections that seek to increase the powers of the minister of petroleum, calling for a review of the Bill to limit the powers of the minister.

Attendance at the 2013 Offshore Technology Conference, OTC, which held at the Reliant Park in Houston Texas, USA between May 6 and 9, reached a 30-year high of 104,800, the second highest in show history and 17 percent above last year.

Seplat Petroleum Development Company Limited, a major indigenous player in the petroleum exploration and production business in Nigeria and its Joint Venture partner, Nigerian Petroleum Development Company (NPDC) a subsidiary of Nigeria National Petroleum Corporation, NNPC have commenced its 2013 Corporate Social Responsibility, CSR, initiatives in host communities.

In an effort to improve the fortunes of the downstream sector of Nigeria oil and gas industry, the Western Zone arm of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised its members to re-strategise their business investment’s plan.

In July 2010, the United States Congress carried out a robust reform of the financial industry with the passage of Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) The act is geared towards enhancing transparency and accountability in the U.S. financial system.

When some representatives of five oil communities in Delta State travelled all the way to the National Assembly complex in Abuja late last month, they somehow succeeded in giving life to the over flogged issue of the transfer of Shell shares in some onshore blocks.