Tag Archives: Petroleum industry

Of Nigeria’s Oil Barons and PIB – by Olusegun Adeniyi

March 14, 2013 by IndepthAfrica

By Olusegun Adeniyi Statistics, according to Aaron Levenstein, are like a woman’s bikini bathing suit. While what they reveal is usually suggestive and interesting, what they conceal is even much more vital. That perhaps is the only way to explain … read more »

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Nigeria: The Powerful Forces Against PIB

January 10, 2013 by IndepthAfrica

Following the passage of the 2013 Appropriation Bill last December, a public commentator, Mr. Igboka Uwadiegwu, wrote: “Nigeria’s national budget is 5 trillion Naira? Nigeria is not a poor country then, Nigeria is a miserable country. Five trillion Naira would … read more »

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Nigeria: Jonathan’s Govt Lacks Will To Fight Corruption

November 10, 2012 by IndepthAfrica

The Punch The House of Representatives has excoriated the Federal Government for its subtle moves to bury the Mallam Nuhu Ribadu-led Petroleum Special Task Force report. Consequently, it said President Goodluck Jonathan’s government lacked the political will to fight corruption, … read more »

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Nigeria: Leaked Petroleum Revenue Task Force Report

November 1, 2012 by IndepthAfrica

by Danjuma Azemobo Musa  Nigeria’s ever boisterous grapevine would never lack in interesting stories. However, the popular maxim “there is no smoke without fire” however readily comes to mind when one digests any information so received. The newest story around … read more »

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Nigeria: A Spotlight On Oil Theft in Nigeria

October 23, 2012 by IndepthAfrica

By William Wallis, Leadership (Abuja) The world is in the midst of a sustained oil boom. Yet Africa’s leading producer is haemorrhaging the proceeds. The Nigerian treasury, which should be raking in record revenues, has been squeezed at both ends … read more »

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Nigeria Govt pays marketers N338bn in 2012 for fuel subsidy claims

September 5, 2012 by IndepthAfrica

by Mrs Ngozi Okonjo Iwealla Contrary to the impression given by some marketers and their agents, the Federal Government has continued to pay marketers whose claims have been duly verified. This is in line with its commitment to encourage honest … read more »

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The perambulation continues in Nigeria’s oil sector

July 26, 2012 by IndepthAfrica

Uche Igwe I was invited to a roundtable on the Nigerian Petroleum Industry Bill organised by the Africa Studies Department of the Johns Hopkins University in Washington DC on the 3 November 2010. During the panel discussion, I alerted the … read more »

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Nigeria oil bill waters down its reforms – Analyasis

May 29, 2012 by IndepthAfrica

Nigeria’s long-awaited oil law, when it finally comes, looks likely to be a botched job that gives favourable tax terms to foreign oil firms while doing little to satisfy calls fo transparency and reform of a corrupt and wasteful sector. … read more »

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The Staggering Scale of Oil Theft in Nigeria

May 26, 2012 by IndepthAfrica

by John C.K That corruption is associated with oil production is acknowledged to be a worldwide problem. But the scale of corruption in Africa is in a class by itself, particularly in Nigeria. As black Africa’s largest oil producer, OPEC … read more »

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Port Harcourt blast: Nigerian ‘robbers’ killed

May 17, 2012 by IndepthAfrica

At least two suspected armed robbers have been killed after an explosive device they were carrying went off in Nigeria’s oil capital, Port Harcourt, police say. A BBC reporter at the scene says the passenger minibus they were travelling in … read more »

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Indian Engineering Companies Explore New Business at Oil & Gas Africa

February 26, 2012 by IndepthAfrica

Press Release   Indian Engineering Companies Explore New Business at Oil & Gas Africa   Major Indian companies will be part of a dedicated Indian pavilion at the upcoming Oil & Gas Africa expo, which takes place from 13 to … read more »

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Could 2012 be Nigeria’s year of real reform?

February 2, 2012 by IndepthAfrica

There are many reasons to be negative about Nigeria’s business environment. Issues such religious conflict, corruption, an inconsistent regulatory environment and poor infrastructure could push any investor to rather look at opportunities in other African countries. Charles Robertson, global chief … read more »

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Budget 2012 (2) – Three Billion Naira Daily for Insecurity? by Nasir El-Rufai

January 28, 2012 by IndepthAfrica

By Nasir Ahmad El-Rufai We will revisit our analysis of the security sector budget beginning with some clarifications and rebuttal of the Budget Office’s right of reply to last week’s column titled – “Where el-Rufai Got it Wrong”. I commend … read more »

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Dynamics of transformation in Nigerian economy

January 20, 2012 by IndepthAfrica

By Gbenga Kayode Sustainable transformation efforts being initiated to effect marked improvements in the quality of life of the people in all areas of human endeavour certainly involve change-producing forces in any society. This is because such necessary forces, when … read more »

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Ghana: The New Land Of Opportunity For Oil & Gas Investment

July 7, 2011 by benim

An overview of the potential for Ghanaian oil and gas investors Introduction With the discovery in 2007 of a major untapped oil and gas field off the coast in Ghana, the die was cast for the future of the West … read more »

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Nigeria’s planned oil law needs further ‘review’

June 29, 2011 by benim

Nigeria’s long-delayed law to overhaul of its oil sector will require further review before it is passed, a former petroleum minister said Wednesday, a move that could further hit investment. Former petroleum resources minister Diezani Alison-Madueke told the Senate, as … read more »

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Libya remains silent about new oil chief

June 3, 2011 by benim

Tripoli – The government of Muammar Gaddafi said on Friday it had not yet named a new Libyan oil chief to replace the top energy official who defected this week. Gaddafi’s government has said it will name a candidate in … read more »

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In Ghana, not all see oil as a blessing

May 10, 2011 by benim

Fisherman Steven Smith-Borlah gazes out to sea from his beachside hut in Akwidae, a coconut leaf-roofed village that squats between a mangrove swamp and the overgrown ruins of a 17th century German fort. Twice a day, yellow helicopters fly overhead, … read more »

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Rebels eye east Libya town

March 21, 2011 by benim

Benghazi – Libyan rebels moved their forces near Ajdabiyah on Sunday after Western air strikes devastated Muammar Gaddafi’s forces on a road leading up to the strategic eastern Libyan town. Rebels said they were waiting for more Western strikes that … read more »

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Where were “African Union” when Gaddafi started killing his own people?

March 20, 2011 by benim

According to a report from four-hour meeting in the Mauritanian capital, the African Union’s panel on Libya Sunday called for an “immediate stop” to all attacks after the United States, France and Britain launched military action against Moamer Kadhafi’s forces. … read more »

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Gadhafi vows ‘long war’ after US, allies strike

March 20, 2011 by benim

The U.S. and European nations targeted Moammar Gadhafi’s forces with airstrikes and dozens of cruise missiles, shaking the Libyan capital with explosions and the sound of gunfire early Sunday. The Libyan leader vowed a long war “with unlimited patience and … read more »

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World leaders ponder Libya military strikes

March 19, 2011 by benim

Paris – US, European and Arab leaders on Saturday held a Libya crisis summit with the threat of military strikes against Muammar Gaddafi’s forces growing ever more intense. A French envoy said strikes against the Libyan leader could start within … read more »

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Gaddafi forces fire on Misrata

March 19, 2011 by benim

Libyan forces loyal to Muammar Gaddafi fired artillery shells into the rebel-held city of Misrata early on Saturday and water supplies were still cut off, a resident said. “They (Gaddafi’s forces) bombed the town with four or five artillery shells … read more »

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“Operation Libya” and the Battle for Oil: Redrawing the Map of Africa

March 16, 2011 by benim

The geopolitical and economic implications of a US-NATO led military intervention directed against Libya are far-reaching. Libya is among the World’s largest oil economies with approximately 3.5% of global oil reserves, more than twice those of the US. “Operation Libya” … read more »

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Explosion at an oil facility in Nigeria’s southern delta

March 16, 2011 by benim

Nigeria’s military spokesman says there has been an explosion at an oil facility in the West African nation’s oil-rich southern delta. Lt. Col. Timothy Antigha said Wednesday that an oil well head was blown up at Clough Creek in Bayelsa … read more »

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Nigeria’s MEND Group Says It’s Planning `Ferocious’ Attack on Oil Industry

January 18, 2011 by benim

Nigeria’s main militant group, the Movement for the Emancipation of the Niger Delta, said it’s planning a “ferocious” attack on the country’s downstream oil industry soon. Residents living close to depots that store petroleum products such as aviation fuel, diesel, … read more »

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Ghanaians hope oil will deliver change, not trouble

December 15, 2010 by benim

Ghanaians welcomed their country’s first oil on Wednesday optimistic they can enjoy the economic benefits without the troubles that oil wealth has brought other African countries. “It is a blessing,” said Andy Kwame Amuzu, a 50-year-old taxi driver in the … read more »

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Nigeria: Suspected school bus hijacker shot dead

December 13, 2010 by benim

LAGOS — Nigeria’s special joint military force has killed an alleged kidnapper blamed for a series of abductions of workers and other crimes in southern Abia State, a spokesman said Monday. “Obioma Nwankwo, otherwise known as Osisikankwu, was killed during … read more »

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Nigerian army raids militant camps in oil delta

December 2, 2010 by benim

The Nigerian military said on Thursday it had raided three camps in the oil-producing Niger Delta believed to belong to a notorious gang leader and seized heavy weapons. The military taskforce responsible for policing the restive region said it had … read more »

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Ghana: National oil – A Bite of Death

October 31, 2010 by benim

Ghana is known for its poten­tial in min­eral resources like dia­mond, gold and baux­ite, and the lat­est reports about oil dis­cov­ery in the coun­try is seen as good news for the socio-economic devel­op­ment of the coun­try. But the greatest questions … read more »

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