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.