Students of the Loyola Jesuit College in Abuja took time Tuesday to examine the challenges of leadership by working their way through the types of dilemma that test the conscience, ethics, obedience to rules and authority of citizens in a political situations. Led by its Executive Director, Mr. Soji Apampa, and its Regulatory Affairs Officer, […]
International Oil Companies, IOCs, on Wednesday said the continued delay in passing the Petroleum Industry Bill, PIB, into law is creating uncertainties. The uncertainties delay the take-off of fresh projects worth several billion of dollars that would grow industry capacity and reserves. The Country Chair of Shell Companies in Nigeria, SCiN, Mutiu Sunmonu, said its […]
Minister of Petroleum Resources Mrs. Diezani Alison-Madueke stated Tuesday that the Federal Government plans to reduce gas flaring to 2% by 2017. The minister stated this at the 13th Nigerian Oil and Gas Conference in Abuja, noting that gas flaring has been reduced to less than 11% during the year from 30% in 2010, adding […]
Instead of going to European and other foreign countries to seek for help on how to tackle crude oil theft, the Goodluck Jonathan administration should move against “principalities and powers in high places,” who are the sponsors of crude oil theft, the Managing Director, Shell Petroleum Development Company, Mr. Mutiu Sunmonu, said in Abuja on […]
Managing Director of Shell Petroleum Development Company of Nigeria Ltd Mutiu Sunmonu has warned that Nigeria is on the verge of losing its monopoly as Africa’s major oil and gas producer as more sub-Saharan African countries join the oil club. He pointed out that more countries – Ghana, Niger, Chad, Kenya and Mozambique – are […]
Global integrity organisation, Transparency international (TI), in a just-concluded strategy meeting, huddled with about a dozen local integrity organisations in Abuja all burdened by what they describe as “the systemic and endemic state of Nigeria’s corruption.” Their mission today, however, is more focussed: they are mapping the return of TI to Nigeria, after about a […]
The Economic and Financial Crimes Commission, EFCC, yesterday told a Lagos High Court sitting in Ikeja that Oluwaseun Ogunbambo, Kabila Theck and Fargo Petroleum and Gas Limited, standing trial on a 10-count amended charge, forged cargo and freight documents used in falsely obtaining the sum of N976, 653,110.28 (Nine hundred and seventy six million, six […]
Authorities of the Joint Military Task Force(JTF) code named Operation Pulo Shield yesterday intercepted two oil vessels and barges along the Akassa Waterways of Otokolomobio near Oloma and Bonny Island of Bayelsa and Rivers States. Also raided were 23 illegal refineries located along the Ughoton River in Okpe and Saghara pipeline inlet channels of Warri […]
Southern Senators, yesterday, met behind closed doors to strategise and come up with unified positions on the Petroleum Industry Bill (PIB) and key areas of the Constitution Review Public Hearings undertaken by Senators in the six geo-political zones of the country. Tuesday’s meeting, LEADERSHIP reported, was not unconnected with recent reports of northern opposition to […]
The Petroleum Industry Bill (PIB) as is currently constituted, is too complex and will need to be broken into bits, for it to stand a chance of being passed early by the National Assembly, stakeholders have said. Non passage of the bill has held up further investment in oil exploration in Africa’s second largest economy […]