Look to your health; and if you have it, praise God and value it next to conscience; for health is the second blessing that we mortals are capable of, a blessing money can't buy.
Izaak Walton (1593 - 1683
)

Hon. Rotimi Amechi “Government must not be for one section of the Society.It must be for the rich and the poor,emphasizing the upliftment of the poor...”

Archive for the Category ‘Oil & Energy’

NIPCO Creates Dept To Oversee Filling Stations

NIPCO Creates Dept To Oversee Filling Stations

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 [...]

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PHRC Engages Host Communities On Pipeline Safety

PHRC Engages Host Communities On Pipeline Safety

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 [...]

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TUC Condemns NNPC Syndicated Loan

TUC Condemns NNPC Syndicated Loan

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 [...]

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Expert Urges Installation Of 132KV Substations

Expert Urges Installation Of 132KV Substations

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 [...]

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Tanker Drivers Protest Member’s Killing

Tanker Drivers Protest  Member’s Killing

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 [...]

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FG Backs Fiscal Terms In PIB

FG Backs Fiscal Terms In PIB

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 [...]

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Rare Earth Element Applications

Rare Earth Element Applications

  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 [...]

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Expert Lists PIB’s Grey Areas

Expert Lists PIB’s Grey Areas

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 [...]

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OPEC Admits Significant Impact Of Shale Oil Supply

OPEC Admits Significant Impact Of Shale Oil Supply

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 [...]

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Chevron Donates N50m Hospital Equipment To Kula

Chevron Donates N50m Hospital Equipment To Kula

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 [...]

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