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NEITI to collaborate with EFCC against corruption in oil industry 

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The Economic and Financial Crimes Commission (EFCC) and the Nigeria Extractive Industries Transparency Initiative (NEITI) have resolved to work together to strengthen their capacities against corrupt practices as well as to promote greater transparency and accountability in the oil, gas and mining sectors.


Gas to Power: FG rallies IOCs, indigenous operators

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Stories by Muhammad Nasir

The Minister of Petroleum Resources, Mrs. Diezani Alison–Madueke has pledged to intensify to facilitate the supply of gas in the country through the implementation of the 12-month gas emergency supply time line aimed at the speedy expansion of the country’s gas to power capacity.


Oil growth to be 0.9m bpd in 2012-OPEC

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The Organisation of Petroleum Exporting Countries (OPEC) in its latest report, forecast that the growth in world demand during 2012 will be 0.9mn barrels per day (bpd).


Alison-Madueke inaugurates Africa’s largest oil vessel in Delta

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The Minister of Petroleum Resources, Mrs.Diezani Alison-Madueke at the weekend, inaugurated the largest Africa’s oil vessel in Warri, Delta State.


FG to set up task force on oil theft

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The Federal Government has approved the constitution of a task force on crude oil theft. The disclosure was revealed to newsmen by the Chief of Defence Staff, Air Marshall Oluseyi Petinrin, on Friday in Lagos, during a stakeholders’ meeting on security in the oil and gas industry.

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