Stakeholders in the Oil and Gas industry have urged the National Assembly to expedite the passage of the Petroleum Industry bill, PIB, which was sent to it by Mr President last week.

The frequent oil spill age being experienced in the country has been attributed to the age of the oil pipeline network across the country.

One of the objectives of the Nigerian Content Development Act, is to encourage Nigerians to participate fully in the oil and gas sector by way of contracts award, operation of oil marginal fields and use of local equipment and man power in the oil and gas sector.

Electricity workers have vowed that no private sector individual or group will take over the assets of the Power Holding Company of Nigeria, PHCN, unless the severance benefits and other entitlements were fully paid.

Chevron Corp.’s spokesman for Latin America said last week that the U.S oil giant could have difficulty in reaching a settlement with Ecuadorian plaintiffs in a 19-year-old legal battle over environmental issues.

The Senate has promised to work with the Bureau of Public Enterprises, BPE, to ensure the successful conclusion of the privatisation of the successor companies created from the unbundling of the Power Holding Company of Nigeria, PHCN, by the last quarter of 2012.

The Federal Government has assured the people of Taraba State and its neighbours that the Kashimbila multi-purpose dam in the state would be completed on schedule.

The former Chairman of the Economic and Financial Crimes Commission, EFCC, Mallam Nuhu Ribadu, has slammed the epileptic nature of power supply in the country in spite of the billions of naira spent over the past 12 years.

As Nigeria’s domestic gas market is expected to grow at a projected annual rate of 25 per cent, experts in the oil and gas sector has expressed confidence that clean distributed power generation can transform the country’s electricity sector.

To ensure stable power supply, the Eko Electricity Distribution Company, said it has expended about N2billion to resuscitate power equipment within its zone.

The Power Holding Company of Nigeria, PHCN, Molete and Akaran Business Units, in Ibadan, Oyo State has warned the public against building structures, and engaging in social and economic activities under the High and Low Tension lines of the two Business Units.

THE Nigerian Nuclear Regulatory Authority, NNRA, has concluded plans to boost nuclear safety and radiological protection nationwide as it continues an awareness campaign via a scheduled training seminar for lawyers in the country.

Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, has pledged his management’s preparedness to work closely with the in-house unions to promote a convivial working relationship among members of staff in the Corporation.

The Nigerian Association of Road Transport Owners, NARTO, said it has begun the implementation of the N18,000 minimum wage bill approved by Federal Government to Petroleum Tanker Drivers, PTDs.

The Nigerian Oil sector is currently at a determinant point in its history, a period which some stakeholders have said could either make or mar the industry for decades to come. There are series of committees for the first time looking into series of issue many of them bordering on corruption.