News

Financial Crisis Hits Shell

Production looses arising from the protracted Niger Delta crisis and alleged inability of the Nigerian Government to properly fund its own share of the Joint venture has put the Shell Petroleum Development Com-pany of Nigeria (SPDC) in a financial crisis. … read more

FG warns oil companies on redundancy

Major oil companies operating in Nigeria that routinely disengage their indigenous staff under the pretext of redundancy and employ casual workers will henceforth face the wrath of the Federal Government. The Minister of State for Energy, in-charge of Petroleum, Mr. … read more

Govt imposes penalty for gas flaring

WITH the imposition of a penalty of $3.50 per thousand standard cubic feet (SCF) of flared gas on defaulting companies, the Federal Government has taken a major step to encourage domestic utilisation of gas resources. The measure came barely a … read more

N/Delta: US State Dept Mum on Carter

The United States government has refrained from being drawn into the issue of whether former President Jimmy Carter should intervene in the Niger Delta, preferring to allow the Nigerian government deal with its domestic affairs. The Movement for the Emancipation … read more