The people of Erema of Egi Clan in Ogba/Egbema/Ndoni Local Government Area of Rivers State have expressed their gratitude to President Musa Yar’Adua for appointing their son, Mr. Chibuzor Ugwoha, as the Managing Director/Chief Executive Officer of the Niger Delta Development Commission, NDDC.

Yenagoa – Reprieve would soon come the way of motorists plying the ailing Tombia-Edepie road connecting the Niger Delta University, Amassoma in the Southern Ijaw local government area of Bayelsa State as the construction company handling the project, Enerco has returned to sit

THE Senate Committee on Marine Transport and its counterpart at the House of Representatives are currently locked in horns over the controversial Maritime Security Agency (MSA) bill which recently passed its second reading.

The Shell Petroleum Development Company (SPDC) shut down the Soku Gas Plant last month as a safety measure, after a leak was reported on a pipeline that conveys gas from the facility to NLNG plant at Bonny.

ABUJA – The Federal Government on Tuesday announced the ban, by January 1, 2010, of all bulk sales of lubricants to retailers nationwide.

The Minister of Mines and Steel Development, Mrs. Diezani Allison-Madueke, expects Nigeria to witness its first gold rush this year.

The Nigerian company Allied Energy and Eni, through its affiliate Nigerian Agip Exploration, have started up production from the Oyo oil field, located in the Niger Delta Deep offshore, about 75 kilometers off the Nigerian coast.

Comrade Abayomi Dawodu is the National Chairman of the Coalition of Residents and Business Association of Nigeria (CRBN).

Goodman says:
Great thought if the launch would transform to hard currency to the Nigerian state. Gush! May it not be another jamboree or gimmick. Or just seeking relevance, eh?

Right from his days in BPE/NERC, Lanre has always been a cool, calm and calculated fellow. He worked tirelessly hard during the privatization and reform process. However, there’s a great difference between theories, practicality and actual implementation.

The exploration and development of mineral fields by way of maximising their potential as a source of revenue generation be it solid or liquid extraction are issues of significant that are central to the overall national and security interests of countries that are so endowed with any form of exploitable minerals.

WORKERS in the nation’s Petroleum industry have once again expressed reservation on the Petroleum Industry Bill (PIB), pending before the National Assembly, warning that, they would not hesitate to cripple the sector should all concerns of labour movement in the country are to accommodated in the bill.

AS many Nigerians come to terms with the reality of government failure to commence its much trumpeted full deregulation of the down stream sector of the nation’s petroleum industry on January 1, 2010, organised labour in the country has given insight why government failed to begin full deregulation this January.

Nigerian insurance companies are making waves in the oil and gas insurance business despite all odds to frustrate the local market from actively participating in the juicy business as the country underwriters led top accounts in 2009 with a sum insured of $68.083billion and premium income of $217.606million.

LOCAL insurance companies are in for a shocker this 2010 as reinsurers appear set for closer scrutiny of risks placed by them in the wake of rising claims and under-pricing of risks as local and foreign reinsures have resolved to do more of facultative reinsurance this New Year.