Petroleum Industry

News : Petroleum Industry

THE Federal Government has commenced payment of arrears of allowances owed former militants in various camps in the Niger Delta. (AllAfrica)

Campaigners from fifty countries from around the world meeting in Montreal, Canada to strategise on pushing further the frontiers of transparency in oil, gas, and mining industries, have blamed opacity in oil and mineral licensing for the bad deals natural resource-dependent countries are often saddled with. (AllAfrica)

Mr. Jack Derickson, Managing Director of West African Gas Pipeline Company (WAPCo) has disclosed that the gas pipeline from Nigeria to Ghana has been completed but there are few difficulties. (AllAfrica)

Hope is rising on the possibility of discovering oil and gas in the Benue Trough as experts researching into it say the prospects are high. (AllAfrica)

The government has been given thumbs up for its plan to formulate a framework that will guide the oil industry in accordance with the demands of Extractive Industry Transparency Initiatives (EITI) principles. (AllAfrica)

On October 16, 2009, Oxford's Prof. Paul Collier gave a talk at Serena Hotel in Kampala on the prospects of an oil windfall in Uganda. Unlike in most of his work, this time Collier did not focus on how the international community (read the West) can help Uganda use its oil revenues well; his entire speech, though sounding like a primary school headmaster advising his pupils, was about what we Ugandans should and should not do with our oil revenues. It was vintage Collier - frank, intelligent and insightful see story here. (AllAfrica)

Central Bank Governor, Malam Sanusi Lamido Sanusi, has urged the Nigerian National Petroleum Corporation to continue with the reforms in the petroleum sector irrespective of the prevailing challenges, saying they were critical to the banking sector in Nigeria. (AllAfrica)

The police in Bauchi State as part of crime prevention measures during the festive months, yesterday paraded a total of 20 suspects ranging from thugs, popularly known as "Yan Sara Suka," pipeline vandals, robbery suspects, dangerous drugs dealers and counterfeit merchants. (AllAfrica)

The House of Representatives yesterday expressed displeasure at the budget performance of the Ministry of Niger Delta Affairs, even as it stated that the ministry has so far not been able to justify the reasons why it was created. (AllAfrica)

THE Deputy National Youth Organiser of the ruling National Democratic Congress (NDC), Mr. Kofi Adams, who is also spokesperson for ex-President Rawlings, has stressed the need for President Mills' administration to critically review the oil agreement made by the previous government, to ensure that Ghana becomes the ultimate beneficiary of the resource, and not otherwise. (AllAfrica)

Nigerian National Petroleum Corporation (NNPC) has solicited support and cooperation of the Central Bank of Nigeria (CBN) in the on- going reform of the oil and gas sector. (AllAfrica)

Accountant General of the Federation, Alhaji Hassan Ibrahim Dankwambo disclosed that N375.035billion was withdrawn from the excess crude savings account between January to November, 2009 for augmentations of revenue shortfalls shared among the 36 States of the Federation. (AllAfrica)

The Association of Bureau-de-change operators in Nigeria (ABCON) has advised the Federal government to embark on massive public enlightenment campaign on the gains of deregulation in the oil-sector before implementing the policy. (AllAfrica)

From what we presently have on ground, it is evident that this nation's problems do not come in trickles but in torrents; and the Federal Government, under the leadership of President Umaru Yar Adua, has unfortunately been saddled with these burdens which have accumulated over many decades. (AllAfrica)

AIRLINES using Acsa's new King Shaka Airport, north of Durban, will have to fork out millions more than they are paying for fuel at Durban International Airport. (AllAfrica)

The Ethiopian government has dismissed claims by Ogaden rebels to have captured seven towns in the oil rich Somali region located in south eastern of Ethiopia. (AllAfrica)

We have proved over and over again that we are a nation that does not plan for tomorrow. Since 1990, the Nigeria economy has expanded and the population has grown, but it is now clear to all discerning observers that our successive governments have failed to plan for our future. (AllAfrica)

The Federal Government yesterday said repairs on Kaduna and Warri refineries have been completed and it hopes to commence production of refined oil by the middle of December. (AllAfrica)

Fuel scarcity in Lagos and its environ may continue unabated as the Ejigbo depot of the Petroleum Pipeline marketing Company(PPMC) on Tuesday evening suspended loading activities. (AllAfrica)

The Lagos State House of Assembly on has moved a motion condemning the Peoples Democratic Party (PDP) -led Federal Government's decision to deregulate the Nigerian oil sector. (AllAfrica)

State governors yesterday agreed on the need to enact new tax laws so as to generate more revenue and reduce dependence on oil. (AllAfrica)

The Federal Government will reduce fuel importation by 40 per cent after the Kaduna and Warri refineries commence full operation by mid December, the Minister of State for Petroleum, Mr. Odein Ajumogobia, SAN, said in Abuja yesterday. (AllAfrica)

Head of Gani Fawehinmi Chambers and son of the late legal luminary, Mr. Mohammed Fawehinmi, has urged the Federal Government to suspend the planned deregulation of the downstream sector of the oil industry, saying what was expected of the government was to put the existing refineries in a good working condition and cater for the well-being of Nigerians. (AllAfrica)

Chief of Naval Staff, Vice Admiral Ishaya Ibrahim, has warned that the problem of illegal oil bunkering in the country will not end, unless the people and government of the Niger Delta region take security as a priority in their agenda. (AllAfrica)

THREE Zambian companies are among the seven bidders who have been awarded the licence to explore petroleum in three provinces as the Government has called for immediate commencement of the works. (AllAfrica)

THE petrol situation in Ndola, Kitwe and Lusaka yesterday normalised following the resumption of production by Indeni Petroleum Refinery. (AllAfrica)

Nigeria Cassava Growers Association (NCGA) has signed a N56 billion contract with the Cassava Agro Industries Services Ltd (CAISL) for the supply of 8 million tons of cassava tubers to the national Cassakero cooking fuel programme. (AllAfrica)

I had no intention of mentioning this fact but circumstances are forcing me to do so. When Imo and Abia States were mischievously left out of the benefits that naturally should come to them as a result of their oil-producing status, it took me quite some time to convince some prominent Igbo groups and individuals, as well as commentators on national issues, that the omission was worth fighting against. (AllAfrica)

THE Lagos State government has said it will enforce traffic laws on recalcitrant drivers who cause traffic along highways while queuing for fuel at petrol filling stations across the state. (AllAfrica)

PART from rehabilitation and re-integration of repentant militants, the implementation of a wide range of projects in the Niger Delta region is a critical component of the post-amnesty package of the Federal Government which must not be toyed with. (AllAfrica)

The revelation by Minister of State for Petroleum Resources, Odein Ajumogobia that Nigeria is considering the possibility of processing some of its crude oil in Senegal from where the refined product would then be imported has been received with rude shock. (AllAfrica)