Mohammed Barkindo, group managing director, Nigerian National Petroleum Corporation (NNPC), has recounted some of the impact of the militant attacks on the oil industry.

Opec member nations, the oil cartel, will keep to its production targets at its September meeting.
Abdullah Attiyah, Qatar’s oil minister, said Opec ‘will not change the situation’ at the 9 September meeting set in Vienna.

Oil giant, Royal Dutch Shell has provided details of its contribution to the Nigerian economy in the last one year.

The Senate is working on legislation to create a sovereign wealth fund aimed at softening any impact falling oil prices may have on Nigeria’s economy, Mansur Muhtar, Nigeria's finance minister, said last week in Abuja.

Mr. Nuhu Wya, minister of state for power, last week visited facilities of Power Holding Company of Nigeria (PHCN) in Kaduna State, where new equipment were being installed.

THE crisis in the Niger delta region took a frightening turn last week. It was horrific especially for thousands of residents of the Gbaramatu Kingdom and environs, in the Warri South West local government of Delta State, hosts to Camp 5 base of some militants in the Niger Delta region.

THE House of Representatives said it is reviewing the Act which set up the Petroleum Technology Development Fund(PTDF).

Dr. Mohammed Barkindo, group managing director of Nigerian National Petroleum Corporation (NNPC), has said that the federal government is determined to continue with the reforms in the oil industry in spite efforts by some people to frustrate it.