Business

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has inaugurated its Bayelsa State chapter, with a charge to curb sharp practices, make quality products available to users, effective collaboration with authorities and sale of products according to approved pump price. The national president of PETROAN, Dr. Billy Harry, …

Unidentified persons on Monday attacked oil facilities operated by Shell Petroleum Development Company (SPDC) and Nigerian Agip Oil Company (NAOC) at Ikarama community, Yenagoa Local Government Area of Bayelsa. Mr Ben Warder, a youth leader in Ikarama near the incident site, said on Tuesday that residents heard several sounds from …

Bayelsa State Government has cautioned the Federal Government and other critical stakeholders in the oil and gas industry against repeating the mistakes that are depriving host communities of their benefits. The state deputy governor, Senator Lawrence Ewhrudjakpo, stated this on Monday while declaring open the technical session of the 5th …

By Joel Anekwe  The acting managing director of the Niger Delta Development Commission, NDDC, Prof. Kemebradikumo Pondei, has said that the goal of the Livelihood Improvement Family Enterprises Programme in the Niger Delta, LIFE-ND, is to transform the rural economy of the region and improve the livelihood of its citizens. …

Young Erhiurhoro, Warri       Aggrieved youths from oil producing communities hosting the OML 30 oil field in Delta State have asked the Federal Government to withdraw the Oil Mining Licence (OML) issued to Heritage Oil Services Ltd. The youths who spoke to our correspondent at different fora in their various communities …

By Joel Anekwe Rivers State governor, Nyesom Wike, has expressed optimism that the state’s $12 million cassava processing initiative will create jobs and enhance the Gross Domestic Product (GDP) of the country. The governor urged the Central Bank of Nigeria (CBN) and the Federal Ministry of Agriculture to support the initiative …

The National Oil Spills Detection and Response Agency (NOSDRA) says it has subjected a section of the 14″ Okordia-Rumuekpe pipeline to third-pary examination in a bid to resolve the dispute on the cause of a November 12, 2019 leak at Shell’s oilfields in Bayelsa State. Shell Petroleum Development Company of …

The Shell Petroleum Development Company of Nigeria (SPDC), on Monday said it did not interfere with the selection of community representatives on Cluster Development Boards (CDBs) that administer its community development funds. SPDC said under the Global Memorandum of Understanding (GMoU) template, host communities solely select or recall who represents …

By Joel Anekwe  The Department of Petroleum Resource (DPR) has restated its commitment to ensure the safety of tank farms across Nigeria, adding that it would not allow its safety strategy to be compromised by operators of tank farms in the country. Mr Bassey Nkanga, zonal operations controller, Port Harcourt …

By Joel Anekwe The Rivers State Government has invited reputable and experienced players in the hospitality and agricultural sectors for Expression of Interest to run 13 government-owned farms and 8 catering rest houses in the state, as part of strategies to boost agriculture and create job opportunities for the teeming …