NIGERIA Labour Congress, NLC, has advised the Federal Government to rethink its poverty-inducing policies such as the proposed astronomical increases in the prices of petrol and a 50-100 percent hike in electricity tariff.

The Extractive Industries Transparency Initiative (EITI) is a global effort aimed at improving the management of oil, gas and mining revenues in resource-rich countries. The initiative effectively took off in 2002 during the World Summit on Sustainable Development, which held in Johannesburg, South Africa.

Global Biofuels Limited, the first Biofuel Refinery in Nigeria, in collaboration with its financial advisors has concluded arrangements for the implementation of a Clean Development Mechanism (CDM) project titled, Grow Your Energy (GYE). Upon completion, the project would generate 30mega watts (WM) of electric power from biomass co-generation ancillary.

Techno Oil Limited, a leading indigenous oil and gas downstream operator has restated its commitment to Health, Safety and Environment, HSE matters in all its operations.

The Federal Ministry of Water Resources and the Ministry of Power have signed a Memorandum of Understanding, MoU, for the use of some of the country’s dams for power generation, the Minister of Water Resources, Mrs. Sarah Reng Ochekpe, has said.

Following the increasing destruction of the Power Holding Company of Nigeria, PHCN, equipment in Lagos, security agencies and community members have been sensitized and mobilized to be more vigilant and alert to the activities of vandals f PHCN equipment within their networks.

The oil leak on a flowline system that serves the Shell-operated Gannet Alpha platform in the North Sea has spilled an estimated 1,300 barrels, or 216 tonnes, a Shell spokesperson said.

For a while now, the Department of Petroleum Resources, DPR, Nigeria’s oil and gas industry regulator has been criticized for lapses in monitoring and supervising the sector, which is the stronghold ofs the economy.

Shell Petroleum Development Company Limited has announced the immediate reopening of its Utorogu Gas Plant two days after if it was shut down following a leak on the Utorogu – UPS trunkline.

The Federal Ministry of Water Resources and the Ministry of Power have signed a Memorandum of Understanding, MoU, for the use of some of the country’s dams for power generation, the Minister of Water Resources, Mrs. Sarah Reng Ochekpe, has said.

Lufthansa became the first airline to use biofuels on regular commercial flights on Friday in a six month trial that it estimates will reduce CO2 emissions by up to 1,500 tonnes during the period.

The Department of Petroleum Resources, DPR, the regulator of oil and gas industry operations has reiterated the importance of safe activities, as this will bring about excellent economic performance; Environmental protection; and Well-being of the society.

Techno Oil Plc, an indigenous oil and gas marketing company has expressed a desire to partner with the Nigerian Institute for Cultural Orientation, NICO, to resuscitate Nigeria’s cultural heritage.

Transocean said Thursday that the deep-water drilling rig off Ghana that was evacuated Wednesday after it took on water remains stable.

ERHC Energy Inc. today announced that the government of the Republic of Chad has formally awarded the company three oil blocks for exploration and development.