
In a bid to ensure that customers get value for their purchases at retail outlets the management of NIPCO has created a unit in the company to oversee activities at its filling stations across the country. Speaking to newsmen recently Mr. Venkataraman Venkatapathy, NIPCO’s managing director said the essence of the unit is to ensure [...]
January 21, 2013 | Posted in
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In a bid to curb the incessant spate of vandalism in its catchment areas, the Port Harcourt Refinery Company (PHRC), says it had been engaging host communities on pipeline safety, and had set up surveillance team to Police the areas. The PHRC Deputy Manager, Safety Mr. Uche Nna who made the disclosure during a sensitization [...]
January 14, 2013 | Posted in
Oil & Energy |
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The President of the Trade Union Congress of Nigeria (TUC), Comrade Peter Esele has condemned the $1.5 billion syndicated loan obtained by Nigerian National Petroleum Corporation (NNPC). Speaking to newsmen recently, Comrade Esele said such a loan should have been used to build a refinery rather using it to pay debts to international fuel traders [...]
January 14, 2013 | Posted in
Oil & Energy |
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For the realistion of the much needed development in our rural area, the need for the installation of 132KV substations in our local government areas has been stressed. Speaking with The Tide in an interview in Bori, headquarters of Khana Local Government, Rivers State recently Mr. Dum Samuel, a retired senior technician of Power Holding [...]
January 14, 2013 | Posted in
Oil & Energy |
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The Kaduna branch of Petroleum Tanker Drivers Association, has announced indefinite suspension of its operation in protest against the alleged killing of one of its members by soldiers in Kaduna. Its Chairman, Gambo Tuge, who announced the suspension in an interview with newsmen in Kaduna recently, said the victim was shot by the soldier at [...]
December 17, 2012 | Posted in
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The physical terms proposed in the Petroleum Industry Bill (PIB) have been described as fair as when compared to other countries, Nigeria still remain one of the most attractive, the petroleum minister, Mrs Diezani Alison-Madueke has said. Speaking during a panel discussion on “PIB And The Future of Nigeria’s Oil Industry” at the 18th Nigeria Economic [...]
December 10, 2012 | Posted in
Oil & Energy |
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Rare earth elements have drawn worldwide attention in recent months, with uncertainty from the world’s largest producer, China, making investors uneasy about products and industries that require these substances. Rare earth elements are a collection of seventeen members of the periodic table, as defined by the International Union of Pure and Applied Chemistry, but [...]

Discretionary powers prescribed for the President in the granting of licenses and leases, restrictions on reconnaissance survey, inadequate financial guarantees for work commitments on return of acreage and the power of incumbent minister to set rentals and royalties by regulations were some of the gray areas identified in the drafted copy of the Petroleum Industry [...]
November 19, 2012 | Posted in
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The Organisation of the Petroleum Exporting Countries (OPEC), acknowledged for the first time last Thursday that technology for extracting oil and gas from shale is changing the global supply picture significantly. OPEC said demand for crude would rise more slowly than it had previously expected. In its annual World Oil Outlook, OPEC cut its forecast [...]
November 19, 2012 | Posted in
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The Chevron / NNPC Joint Venture has donated hospital equipment worth N50m to Kula community in response to the cholera outbreak experience in the area recently. Chairman of the Kula Regional Development Council, RDC, Hon. Stanley Benibo disclosed this during the Annual General Meeting of the RDC at Kula, while handing over the equipments to [...]
November 19, 2012 | Posted in
Oil & Energy |
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