ABUJA -The Petroleum and Natural Gas Senior Staff Association of Nigeria, Department of Petroleum Resources branch, has called on the National Assembly to hasten the passage of the Petroleum Industry Bill in order to improve transparency and accountability in the oil and gas sector.

NIPCO Plc, one of the main players in the downstream sector of the oil and gas industry has observed that zero tolerance to hazards associated with handling of hydrocarbons to both human and material resources remains the hallmarks of its operation since inception.

By Yemie Adeoye THE Federal Government   has announced a loss of about 1,101,488 barrels of oil per day (bopd) during the first quarter of 2009 alone mainly due to the crises in the oil rich Niger-Delta region. Specifically, 474,705 bopd was deferred in January while the month of February witnessed a larger deferment of about […]

FOLLOWING the launch of its gas-powered vehicle in Nigeria, Nipco Plc, one of the major players in the downstream sector of the oil and gas industry has called out to the Federal Government to encourage importation of kits by giving concessions and other benefits to cars running on liquefied petroleum gas, LPG.

By Yemie Adeoye THE nation’s oil   production figure for first quarter 2009 as released by the Department of Petroleum Resources, DPR in Lagos recently has been put at 2,049,418 barrels of oil per day, bopd. The Acting Director of Petroleum Resources, Mr. Billy Agha stated this during the first quarter media briefing of the department […]

THE oil politics of Nigeria is as aggravating as it is comical. The Babangida government magnanimously gave back 4% of revenue accruing to oil sales and in the present 1999 Constitution the figure was increased to 13%.

TOTAL E&P Nigeria Limited has been commended for its laudable sustainable development initiatives. The commendation was made by the Senate Committee on Petroleum (Upstream) when some of its members recently inspected community projects in the company’s operational area in OML 58 in Rivers State. Projects inspected included roads, hospitals, schools, farms, the Egi independent power plant, among others.

In spite of few challenges being experienced in the aviation industry in the recent times, the Nnamdi Azikiwe International Airport, Abuja, has recorded tremendous increases in aircraft and passenger movements in the first half of this year.

Nigeria’s start-up air line, Dana Air, last weekend commenced direct flight operations between Abuja and Enugu.
This comes as the airline announced the opening of a new sales office at the General Aviation Terminal (G.A.T.), Murtala Muhammad Airport, Ikeja, Lagos to make air tickets more accessible for its growing customers.

THE U.S. Securities and Exchange Commission (SEC) would gain power under an Obama administration proposal to ban pay practices at brokerages and investment advisers and prevent individuals from working in the industry.
According to Bloomberg ,