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.