Feb 20th, 2013
UK help sought to end oil theft Nigeria had asked Britain for help to tackle a multimillion-dollar oil theft business that was run by international crime syndicates, its oil minister said yesterday. Oil bunkering – hacking into pipelines to steal crude then refining it or selling it abroad – is costi...
Oct 17th, 2012
By: EIA Nigeria is the largest oil producer in Africa and has been a member of the Organization of Petroleum Exporting Countries (OPEC) since 1971. In 2011, Nigeria produced about 2.53 million barrels per day (bbl/d) of total liquids, well below its oil production capacity of over 3 million bbl/d, du...
May 25th, 2012
Since the demise of Biafra after the civil war in Nigeria, efforts have been made to obliterate the bane from the map and the preferred name of that part of the Atlantic Ocean is the Gulf of Guinea. However, another war has been raging here and continues unabated. It is an ecological war. Internation...
In World News
Feb 20th, 2012
Iran has stopped selling crude to British and French companies, the oil ministry has said, in a retaliatory measure against fresh EU sanctions on the Islamic state’s lifeblood, oil. “Exporting crude to British and French companies has been stopped … we will sell our oil to new custo...
Jan 11th, 2012
by Michael Keating, The Guardian In 2010 the world watched in horror as the Gulf of Mexico filled with 5m barrels of oil from an undersea leak caused by the careless handling of equipment on the part of BP and its partner Halliburton. Shocking images of uncontrolled spillage erupting from the ocean f...