Yenagoa – The people of Nembe Kingdom in the Bayelsa East senatorial district have threatened to disrupt the Anglo-Dutch oil giant, Shell Petroleum Development Company (SPDC) operations over what they described as the refusal of the company to provide their community electricity.

ABUJA As part of its investigations into management of the petroleum subsidy in the country, the Economic and Financial Crimes Commission, EFCC, has interrogated more than twenty major oil importers and marketers in respect to their transactions with government over the past few years.

IN furtherance of moves aimed at boosting its operations and ensuring the prompt evacuation of its hydrocarbon Seplat Petroleum Development Company has concluded plans to invest the sum of 15 million dollars in its operations on OML’s 4, 38 and 41.

Senator Magnus Ngei Abbe, Chairman of the Senate Committee on Petroleum (downstream) is the erstwhile Secretary to the Rivers state government, a one-time commissioner of information and member of the state house of assembly. To say his wealth of experience can only add value to the 7thSenate will be stating the facts as is.

Labour in Nigeria has said the only reform the nation needs in the downstream sector of the Petroleum industry, is a comprehensive reform that will confer the maximisation of benefits of oil on the national economy and one that will revive domestic refineries, encourage the establishment of new ones across the country and reduce dependence on imports.

Yenagoa – While unrest in the Niger Delta has sharply declined since a 2009 amnesty deal, crude oil theft and illegal refining of petroleum products has increased in the region in spite of the clamp down on the illicit trade by the country’s security forces, the Joint Task Force codenamed Operation Pulo Shield.

An insurance expert has appealed to insurance consumers to continue to embrace insurance covers in the wake of high rises in the prices of goods and services occasioned by the hike in the pump price of fuel saying that insurance is a life saver.

The Nigerian House of Representatives Ad-hoc Committee probing the management of the nation’s oil subsidy payments said on Wednesday that Total Nigeria – one of the major oil marketers operating in the country – received excess subsidy claims of N2.7bn in 2011.

ORGANISED labour has advised the 7thNational Assembly to be guided by national interest when considering the Petroleum Industry Bill, PIB, and void all contract confidentiality clauses for information on upstream, downstream, and midstream taxes, royalties, fees , bonus Payments, contractual obligations, budgets, projects and so on.

There are moves by Australia to emerge as a leader in the international gas industry, as it played host recently to investors, operators and other stakeholders in the global gas community.The conference, first of its kind to be hosted by the Australian government was organized in response to industry demand, with a focus on the markets contribution, particularly to LNG, from both a local and global perspective.