Foremost plantation operator and tyre manufacturer in Nigeria, Michelin has announced its decision to pull out from tire production at its plant in Port Harcourt. The French tire maker, Michelin said yesterday that it will stop the production of tires … read more
Nigeria faces a season of uncertainty as it prepares for landmark elections in April with the political class mired in acrimonious power struggles, talk of impeachment and a constitutional crisis. President Olusegun Obasanjo says preparations for the polls, which should … read more
The Italian Foreign Ministry says militants in Nigeria have released an Italian oil worker seized last month from a terminal in the Niger Delta. Two of his Italian colleagues who were kidnapped at the same time remain in captivity, as … read more
Workers in the country�s oil industry have threatened to shut down oil production February 5, 2007, if the hostage-taking in the Niger Delta continues unabated. A member of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) who … read more
President Olusegun Obasanjo yesterday waded into the crisis between Ogoni and Shell Petroleum Development Company (SPDC), that has resulted in the suspension of oil exploration in the area. Obasanjo, at the meeting, emphasised the need to ensure peace, harmony, reconciliation … read more
THE Movement for the Emancipation of the Niger-Delta (MEND), has described government’s loss of revenue last year owing to increased wave of militancy and resultant shut-ins, as fortunate for the state. Last week, Mrs. Nenadi Usman, the Minister of Finance, … read more
Five Chinese telecommunications workers and an Italian oil worker abducted in Nigeria’s restive southern delta region have been released, militants and officials said today. A rebel group that has carried out crippling assaults against the energy industry in Africa’s oil … read more
Two oil workers – a Nigerian and a Dutch national – have been killed in an attack in Nigeria’s Delta region, security sources say. Gunmen attacked a vessel operated by the South Korean firm Hyundai, near an oil export complex … read more
The first gas consignment from the Amenam/Kpono oil and gas field operated under a joint venture between Elf Petroleum Nigeria Limited and the Nigerian National Petroleum Corporation (NNPC) was December 30, 2006, delivered to the Nigerian Liquefied Natural Gas plant … read more
THERE is now a heavy military presence in Kula in Akuku-Toru Local Government Area of Rivers State following the violence which erupted in the area over the weekend in which 12 chiefs were killed and others injured. Meanwhile, the oil … read more