THE full weight of major operators in downstream petroleum has been thrown behind the OTL Africa Downstream Conference & Exhibition 2009.

ABUJA – NIGERIA ’S quest to ensure effective gas utilization received a major boost with the announcement that the gas utilization project at the Ovade-Ogharafe oil field in Delta state has been successfully registered under the United Nations Clean Development Mechanism (CDM) of the Kyoto Protocol.

ABUJA – THE European Union has blamed the Nigerian system for the country’s inability to generate enough energy to meet local demand as well as help propel industrial and economic growth and development.

NIGERIAN explorer,Oando has been selected by the state-owned Ghana National Petroleum Corporation (GNPC) as a strategic partner to develop assets and infrastructure to harness gas from the deep-water Jubilee field in the Cape Three Points basin.

THE Movement for Emancipation of the Niger-Delta has dismissed the government’s amnesty programme as a propaganda exercise aimed at hoodwinking companies to return to the Niger Delta and pump production back up while the militant threat persists. In an emailed communique to journalists Mend said it will resume attacks against the oil industry at the expiration of the cease-fire on 15 October.

THE proposed Petroleum Industry Bill (PIB), has continued to receive knocks from stakeholders and other concerned individuals and groups with workers in the upstream sector of the petroleum industry faulting among others, the absence of specific provisions on expatriate quota and local manpower training.

CONCERNED that majority of the vessels providing marine services to International Oil and Gas Companies (IOCs) in their upstream and downstream operations are neither registered with NIMASA nor compliant with requirements under the Cabotage Act, the nation’s maritime regulator, NIMASA has come out with a raft of new measures to boost the country’s shipping tonnage.

MANAGING Director of Shell Petroleum Development Company of Nigeria Mutiu Sunmonu says the company produces one million standard cubic feet of gas daily for domestic use, the News Agency of Nigeria reported recently.

On our report of march 23rd on the basis of which people talk about agenda, most of the issues raised have reflected that report. and then continuous examination of banks, it’s like all the steps spelt out on special examination were not followed before your August 14 action.

The marketing communication industry will witness a new entrant as Fin International, a London based branding & communications specialists companies in the Financial Services market place opens in Nigeria.

The Governor of the Central Bank of Nigeria (CBN), Mr. Lamido Sanusi, will on Tuesday, in South Africa, brief the international financial community on recent developments in the Nigerian financial sector.

Flour Mills of Nigeria Plc has concluded arrangements to further diversify its operations into other key sectors of the economy, announcing its plans to set up a sugar refinery in the near future.
The company got the approval of its shareholders to acquire 51 per cent stake in a rival flour mills — Nigerian Eagle Flour Mills Limited, (NEFM) Ibadan.

Procter & Gamble (P&G), healthcare company has introduced a new product: ‘Pampers 3 Way fit Diapers’ with a dance competition tagged “Dance with Dad”. Pampers 3 Way Fit diapers are designed to celebrate the freedom of movement which is important for babies development, as it allows little ones to explore and discover the world around them.

Binatone Industries Limited has launched a limited edition of it’s new Up-market Redline products series.
A statement from the Managing Director of the Company, Mr Sachin Verma said the redline products series consist of Espresso and tasty Cappuccino coffee making machine, Electric Jug, Pop-up Toaster, Blender, Food Mixer, food Processor.

Plans are under-way by the Nigeria Association of Women Journalists (NAWOJ) to celebrate its twenty years anniversary in the Federal Capital Territory, Abuja, next month.