Local oil firms walking a tight rope

Indigenous firms are the worst-hit by myriads of challenges bedeviling the oil and gas industry. ADEOLA YUSUF reports on how many of them are running into bankruptcy     Aiteo, an indigenous oil firm, made the headlines penultimate week; basking in the euphoria of its new status as the biggest Nigerian- owned oil firm in terms of production, hitherto known by many as the petroleum product trading firm, it announced the production of the largest share of the 313,602 barrels per day output from indigenous companies. The firm’s management cannot…

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Rivers: Defections drive APC to the edge

EMMANUEL MASHA reports on the gale of defections among chieftains and members of the All Progressives Congress (APC) in Rivers State since after the National Assembly rerun elections in the state in which the Peoples Democratic Party (PDP) emerged victorious   A few months before the legislative rerun elections in Rivers State, the camp of a senatorial candidate of the All Progressive Congress (APC) was bubbling as party leaders expressed optimism about the party’s chances in the election. But, when the Independent National Electoral Commission (INEC) announced the result, it…

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Oil firm hires COO

Oil and gas firm, Sirius Petroleum has appointed Peter Gregory as chief operating officer. A statement by the company said that he would take charge of all operational areas of the Ororo oil field in Nigeria. Gregory has over 40 years’ experience in drilling and operations in the oil and gas sector. He has held senior positions with many companies, including Lasmo, Premier Oil and BG Group. Also, Gregory has been in involved in several projects in West Africa and he has previously worked with several of Sirius’ consortium partners….

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Pope condemns ‘vile’ Syria attack

  Pope Francis has used his Easter address to condemn Saturday’s deadly attack on a bus convoy in Syria. The Pope delivered his “Urbi et Orbi” (“To the City and the World”) message to thousands of pilgrims who gathered in St Peter’s Square at the Vatican. Francis said the bombing, which killed more than 100 people near the city of Aleppo, was “the latest vile attack on fleeing refugees”. He also spoke against “old and new” forms of slavery and discrimination. “May [God] sustain the efforts of those who are…

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…Governors, others congratulate Christians

As the ruling All Progre s s i v e s Congress (APC) on Saturday expresses its best wishes to Christians in the country and indeed all Nigerians on the joyous occasion of Easter, former Vice President of Nigeria and a chieftain of the party, Alhaji Atiku Abubakar has congratulated Christians in Nigerians, saying the country will get better. In a press statement released by Atiku’s Media Office, he urged the Christian faithful and Nigerians of other faiths to see the sacrifice and deprivation of the period preceding Easter as…

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Peter Elumelu steps out

Former Managing Director of United Bank of Africa, UBA, who is the chairman of Heirs Holding, Tony Elumelu, without doubt is the most popular of Elumelu siblings in Elumelu family from Delta State. In actual fact, the rest of Tony’s siblings are equally doing very well in their various endeavours. Tony’s elder brother, Peter, a successful businessman, is the Chairman and CEO of Pet Jibson. Unlike his younger brother, the business man cum politician is rarely sighted at public places and some may have taken that as being less influential….

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