Tag Archives: Petroleum
Leadership (Abuja) editorial At a recent oil and gas conference, the managing director of Shell Petroleum Development Company stated that Nigeria’s economy loses $6billion annually to crude oil theft. Consequently, President Goodluck Jonathan has been seeking the assistance of the … read more »
Posted in Article, Nigeria, West Africa
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Tagged Civil defense, Diezani Alison-Madueke, Economy of Nigeria, GoodluckJonathan, IndepthAfrica, Nigeria, Nigerian, Nigerian National Petroleum Corporation, Nigerian news, nigerian newspapers, Petroleum, Shell Nigeria
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The illegal practice of ‘oil bunkering’ diverts a fifth of Nigeria’s oil output to makeshift refineries, where workers labour ankle deep in crude, surrounded by dead mangroves and blackened rivers. For most, it’s the only job they can find.
Posted in Nigeria, West Africa
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Tagged Bayelsa State, Fuel oil, GoodluckJonathan, Indepth Africa Magazine, IndepthAfrica, Niger Delta, Nigeria, Nigeria news, Nigeria's oil thieves, Nigerian news, Petroleum, Reuters
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Anyiam-Osigwe: we didn’t participate in any oil transaction DID Zambia pay a Nigerian businessman $5million commission for crude oil that was never delivered? “Not a single drop” was transported to Zambia, Mines, Energy and Water Development Permanent Secretary George Zulu … read more »
Posted in East Africa, News, Southern Africa, Spotlight, Zambia
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Tagged $5million, IndepthAfrica, LUSAKA, nation, Nigeria, Petroleum, Politics of Nigeria, Zambia, Zulu
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By Ogaga Ifowodo, Vanguard opinion Two weeks ago, a faction of the Movement for the Survival of the Ogoni People led by Goodluck Diigbo proclaimed political autonomy. The action appears to be the outcome of internal wrangling over the implementation … read more »
Posted in Article, News, Nigeria, West Africa
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Tagged Business, Environment, External Relations, Governance, International Organisations, Nigeria, Petroleum, West Africa
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Lagos – An offshore rig exploring possible oil and gas fields off Nigeria’s coast for Chevron Corporation caught fire on Monday, and the oil company said officials were still trying to account for all those working there. Chevron said two … read more »
Posted in News, Nigeria, West Africa
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Tagged Chevron, Chevron Corporation, Indepth Africa, Indepth Africa Magazine, IndepthAfrica, Monday, Nigeria, Nigerian National Petroleum Corporation, Nnimmo Bassey, Petroleum, Scott Walker
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Abuja – Nigerian President Goodluck Jonathan and labour unions failed to reach a compromise over government-subsidised fuel prices, but the unions said oil workers would not shut down crude output while the two sides kept talking. “The meeting is not … read more »
Posted in News, Nigeria, West Africa
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Tagged Goodluck Jonathan, Indepth Africa, Indepth Africa Magazine, IndepthAfrica, Nigeria, Nigeria Labour Congress, Petroleum, Saturday, Subsidy, trade union
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Any discerning reader that is familiar with this column will have by now been able to see a common thread that runs through this column in the past 30 weeks or so. This week’s column must of necessity be on … read more »
Posted in Article, Nigeria, West Africa
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Tagged Demographics of Nigeria, Executive (government), George Bernard Shaw, Indepth Africa, Indepth Africa Magazine, IndepthAfrica, Jonathan, Nigeria, Petroleum, Subsidy, Tam David-West
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major oil union in Nigeria says it will go on strike beginning Sunday if the continent’s top oil-producing country does not restore a popular consumer fuel subsidy. The Petroleum and Natural Gas Senior Staff Association said Thursday it would be … read more »
Nigeria’s biggest oil workers’ union said it was putting oil platforms on red alert in preperation for shutting down output from Africa’s largest producer, as part of a nationwide protest against the axing of a popular petrol subsidy. Nigeria exports … read more »
November 1, 2011 by benim
Yenagoa – Nigeria’s military said on Monday it has seized a ship laden with 5 000 tons of stolen oil and 30 barges amid rising cases of crude theft in one of the world’s main oil producing regions. The spokesperson … read more »
Posted in News, Nigeria, West Africa
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Tagged Bayelsa State, Imo River, Indepth Africa Magazine, IndepthAfrica, IndepthAfricaMagazine, IndepthMultimedia, IndepthNigeria, IndepthSouthAfrica, Niger Delta, Nigeria, Nigeria news, Nigeria online, North Africa, Pan African News, Petroleum, Petroleum product, Southern Africa, Task force, West Africa
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September 7, 2011 by benim
Nigeria’s political elite and soldiers have profited from large-scale oil theft in the Niger Delta that may cost the country up to a tenth of its production, according to a leaked U.S. diplomatic cable released by WikiLeaks at the end … read more »
Posted in News, Nigeria, Politics, West Africa, Wikileaks, WikiLeaks Cables
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Tagged Fuel oil, Indepth Africa Magazine, IndepthAfrica, IndepthGhana, IndepthMultimedia, IndepthNigeria, IndepthSouthAfrica, IndepthWorld, Niger Delta, Nigeria, Nigeria news, Nigeria online, North Africa, Pan African News, Petroleum, Southern Africa, Task force, Theft, West Africa, Wikileaks
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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 »
Posted in News, Nigeria, West Africa
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Tagged About Africa, Africa news, African History, African Maps, All Africa, Arab League, breaking news, Diezani Alison-Madueke, Diezani Allison-Madueke, East Africa, Goodluck Jonathan, Indepth Africa Magazine, IndepthAfrica, IndepthGhana, IndepthMultimedia, IndepthNigeria, IndepthSouthAfrica, IndepthWorld, Investment, Nigeria, North Africa, Pan African News, Petroleum, Petroleum industry, Southern Africa, West Africa
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Anglo-Dutch oil giant Shell said Friday that theft, sabotage and operational reasons caused 27,580 barrels of oil to spill from its facilities in Nigeria last year. “Sabotage and crude oil theft was the cause of 22,310 barrels spilled from SPDC … read more »
Posted in News, Nigeria, West Africa
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Tagged About Africa, Africa news, African History, African Maps, All Africa, Arab League, breaking news, East Africa, IndepthAfrica, IndepthGhana, IndepthMultimedia, IndepthNigeria, IndepthSouthAfrica, IndepthWorld, Niger Delta, Nigeria, North Africa, Oil spill, Pan African News, Petroleum, Royal Dutch Shell, Shell Nigeria, Shell Petroleum Development Company, Southern Africa, Total SA, West Africa
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Illegal oil refineries are on the rise in the Niger Delta, encouraged by unemployment and the increasing price of oil. Nigerian soldiers have destroyed nearly 500 illegal oil refineries in the Niger Delta in a bid to stop the smuggling … read more »
Posted in Crime & Corruption, News, Nigeria, West Africa
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Tagged Africa maps, Africa news, African news, African tribes, breaking news, Embassies and Consulates, Goodluck Jonathan, Gulf of Guinea, Indepth Africa Magazine, IndepthAfrica, IndepthNigeria, News local news, Niger Delta, Nigeria, Petroleum, Reuters, Royal Dutch Shell, World news
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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 »
Posted in Analysis, Ghana, News, West Africa
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Tagged Africa news, Ghana, Ghana news, Ghanaians, Hydrocarbon exploration, Indepth Africa, Indepth Africa Magazine, Nigeria, Peak oil, Petroleum, Petroleum industry
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October 23, 2010 by benim
Fitch Ratings on Friday lowered its sovereign credit outlook on Nigeria to negative from stable, citing the depletion of its windfall oil savings and heightened political uncertainty ahead of elections next year. Nigeria’s rating of BB-minus, three notches below investment … read more »
Posted in Economy, News, Nigeria
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Tagged Africa economy, Fitch Group, Fitch Ratings, Goodluck Jonathan, Indepth Africa, Niger Delta, Nigeria, Petroleum, Razia Khan, Standard & Poor's
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