Contrary to earlier plans to privatise all the country�s refineries, the Federal Government has announced it would no more put up the Port Harcourt Refinery for privatisation. Minister of State for Petroleum Resources, Edmund Daukoru, who made government�s position public … read more
The Italian operators of a crude oil pipeline in southern Nigeria have denied reports of sabotage and massive oil spills from their pipeline. Bayelsa State officials have said there were two suspected explosions on the pipeline operated by Eni’s subsidiary … read more
Crude oil prices yesterday surged to a record near $77 per barrel as the international market was hit with fresh concerns over oil supply from Nigeria following the attack on an Agip pipeline in Bayelsa State as well as crises … read more
Hopes that the Warri and Kaduna refineries may resume operations soon have been dashed as Ijaw militants in Delta State have given fresh conditions for allowing the repairs of the pipeline conveying crude oil to them. Findings by our correspondent … read more
We have been notified of the abduction of an expatriate staff working for the contractor (Julius Berger) handling the Gbaran/Ubie project in Bayelsa State. The staff, working with Westminster Dredging, a sub-contractor to Julius Berger was reportedly taken away by … read more
Massive job cuts are underway in Nigeria as the authorities seek to restructure the country’s civil service to improve efficiency and cut down on costs. Nigeria’s largest trade union has rejected the move. The Nigeria Labor Congress, the largest worker’s … read more
A Dutchman abducted on Thursday in Nigeria’s violent oil-producing Niger Delta is in good health but his kidnappers’ demands are not yet known, a spokesman for Bayelsa state in the delta said on Friday. Gunmen seized the man, who was … read more
GENERAL � President Olusegun Obasanjo has warned Niger Delta militants against further acts of violence, hostage-taking or antisocial behaviour through a paper delivered on his behalf at the Nigerian Energy Congress held at the Presidential Hotel, Port Harcourt, Rivers State … read more
Tuesday morning the Train 6 construction site was occupied by a group of Daewoo workers claiming industrial disagreements with their management. To ensure people’s safety, TSKJ stood down further construction activities on their site. When a number of the disaffected … read more
Two members of the Movement for the Actualisationof the Sovereign State of Biafra (MASSOB) were said to have been kiled yesterday by a combined team of Police and the Military Personel currently patroling the troubled commercial city of Anambra state,Onitsha. … read more