Petroleum

By IndepthAfrica
In Article
Jun 16th, 2014
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350 Views
– Dominik Balthasar Currently thought of as the petroleum sector’s latest ‘frontier region’, Somalia constitutes not only one of the most promising, but also most the most challenging of potential oil exporting countries. Whereas international enterprises face risks with regards to political fragilit...
By IndepthAfrica
In Article
Mar 28th, 2014
0 Comments
507 Views
Obinna Akukwe There is a financial mathematical inclination to believe that about $90 billion dollars have been missing under NNPC since the inception of Jonathan administration than the $ 20 billion dollars as revealed by the sacked Central Bank Governor, Sanusi Lamido. According to Sanusi Lamido wh...
By IndepthAfrica
In Nigeria
Sep 17th, 2013
0 Comments
38 Views
By Jaye Gaskia As we approached the 2011 general elections, and given the circumstances under which the preparations were made, and under which the elections were eventually held; corruption, treasury looting took a steep upward spike! Of course since crude oil is our major export and in the absence ...
By IndepthAfrica
In Article
Feb 25th, 2013
0 Comments
44 Views
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 western world...
By IndepthAfrica
In Nigeria
Jan 17th, 2013
0 Comments
83 Views
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....
By IndepthAfrica
In East Africa
Sep 5th, 2012
0 Comments
21 Views
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 said at a media briefing at...
By IndepthAfrica
In Article
Aug 15th, 2012
0 Comments
47 Views
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 of the report of the United Nations Environmental P...
By IndepthAfrica
In News
Jan 17th, 2012
0 Comments
31 Views
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 workers were missing and 152 others found, but gav...