FRENCH giant Total and US oil services player Schlumberger’s facilities in Gabon were reportedly targeted in a riot sparked by the announcement of the results of the country’s presidential election.

THE total annual demand for clean products in Africa has been put at about 75 million metric tonnes with Nigeria accounting for almost a third, even as significant infrastructure requirements challenge the continent’s downstream operations, including refining, local shipping, storage, pipelines and haulage.

ATAMUNO Ajubo Atamunolowuari, the managing director and founder of Midis Energy Services Limited, a leading service provider in the upstream sector of the Nigerian oil and gas industry has been listed in the 2009 edition of the International Who’s Who Historical Society of professionals.

UMBRELLA body for senior staff in the nation’s petroleum sector, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has the federal government full deregulation of the down stream sector of the petroleum industry, without putting in place necessary facilities to make it, warning that anything short of putting the facilities in place would spell doom for the nation.

NIGERIA’S Senate is working on legislation to create a sovereign wealth fund aimed at softening any impact falling oil prices may have on the Opec member’s economy, Finance Minister Mansur Muhtar said.