Ithe federal government has acted to allegations of illegal bunkering of crude oil and refined petroleum products, saying that it was in the best interest of the Nigerian Navy to correct the impression.

The Nigerian Maritime Administration and Safety Agency (NIMASA is set to introduce compulsory registration for all ships loading petroleum products in Nigeria in a bid to ensure a fairer treatment for Nigerian ship owners.

MR. Biyi Sangowawa, the executive director (operations) of Rockson Engineering is a seasoned engineer and an executive director of Rockson Engineering Company Limited, a renowned engineering company with a reputation for efficient delivery of projects.

The Federal government and oil and gas producing firms are set for a major collision should the new fiscal provision in the Petroleum Industry Bill (PIB) scale through two chambers of the National Assembly of Nigeria into an Act.

Attempts made by some members of the Nigerian Oil and Energy Insurance Pool (NOEIP) to dissolve the pool nine years after nine years of its existence was bungled by some other members of the pool.

The current practice in local content energy business has been faulted on the grounds that it robs indigenous players of playing key role in the channeling of the placements. The proper routing of the businesses will empower insurers to play decisive role in the process.

LAGOS: WORKERS in the nation’s petroleum industry, have warned that the country is ready for full deregulation and called on government to ensure that all necessary pre-conditions are in placed before the policy is implemented.

The conspicuous silence about the composition, roles and functions of the PTI in the new dispensation, is worrisome. The total exclusion of the PTI in section 478-493 as one of the institutions to be enshrined in the bill is a source of concern to us. We therefore suggest that the status, roles and functions of PTI be inserted in the bill.”

Mr Jubril Adewale Tinubu needs little or no introduction. As the Group Chief Executive Officer of Oando Plc, he has led a team of indigenous professionals to position the company as Nigeria’s fastest growing energy conglomerate, with interest cutting across the entire energy value chain.

ABUJA -THE National Extractive Industries Transparency Initiative has said billions of naira is lost in the nation’s oil and gas industry due to lack of transparency and poor monitoring of oil and gas production in the country.