With the introduction of the UK Bribery Act 2010, and the continued strict enforcement of the US FCPA, the 2012 JOA revised and expanded the anti-bribery and business ethics provisions of the 2002 JOA. The revised provision increases transparency and indemnity arising from the UK Bribery Act.

Techno Oil has introduced new gas stoves targeted at low income earners, under its “Going Green Initiative.” The programme is aimed at creating cleaner, healthier and safer environment in Nigeria.

Nigeria lost a total of 620 megawatts per hour of electricity in three months, between October and December 2012, arising from differences in average electricity generated and average electricity consumed during the period.

Major oil industry executives gather in Nigeria’s capital for an annual conference this week with Africa’s largest crude producer under pressure over reports alleging large-scale corruption and mismanagement.

Statoil ASA has secured the approval of the United Kingdom for its $7 billion Mariner heavy oil field’s development, in the North Sea

Italian major ENI reported that its average oil and gas output for the fourth quarter of 2012 averaged 1.75 million barrels of oil equivalent per day, in line with expectations.

In a bid to stimulate oil producing communities in the country to participate in the local supply chain of the oil sector, the Nigerian Content Development and Monitoring Board, NCDMB, said it planned to establish industrial parks in oil producing states in partnership with the state governments.

Nigeria’s latest drop in oil and gas export has further dented its reputation as a reliable energy supplier, at a time when demand for imports is falling in the United States and Asia has an increasing choice of suppliers.

THE Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has absolved its members, particularly, the Petroleum Tanker Drivers, PTD, from any form of petroleum products adulteration, saying that “the authorities should be held responsible for the rot in the downstream sector of the oil and gas industry.

The Management of Power Holding Company of Nigeria, PHCN, Ikeja Electricity Distribution Company, (DISCO) has raised an alarm over the increased rate of vandalism of its equipment in many parts of its network in Lagos.