Page 9 - Peter Medee News Today : Breaking News, Live Updates & Top Stories | Vimarsana

    Oil Producing Trade Section (OPTS), comprising 30 indigenous and international members operating about 90% of the total oil and gas production in Nigeria yesterday saihd the Petroleum Industry Bill, PIB would stifle their businesses and the growth of the Petroleum sector.   The Chairman of OPTS, Mike Sangster who spoke on behalf of the group at the beginning of the two day public hearing on the PIB organized by the ad-hoc Commitee of the House of Representatives said that some aspects of the bill were inimical to future investments. Titled “A Bill for an act to provide legal, governa...

Punch Newspapers Sections Dennis Naku, Port Harcourt The Rivers State Government and the National Oil Spill Detection and Response Agency have said they will investigate the gas pipeline explosion, which shattered the serenity of Oduoha and Elibrada communities in the Emohua Local Government Area of the state on Wednesday. Sources told our correspondent that the rupture occurred around 3am, resulting in a leakage, which caused tremor, though there were conflicting claims by residents as to whether the incident took place in Oduoha or Elibrada. The state Commissioner for Energy and Natural Res...