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AllAfrica: Africa: Leave New Oil in the Soil
Throughout Africa, oil has correlated with imperial subjugation, local authoritarianism and flagrant human rights abuses. It is now no longer in doubt that there are absolutely no guarantees that extractive activities are safe. One accident could jeopardise an entire ecosystem. It has been common knowledge in many oil-bearing communities in Africa that the d ...
AllAfrica: Nigeria: Govt Earns N170 Billion Revenue From Oil in Three Months
The federal government has raked in N170 billion as oil revenue from April to June this year, an official of the Department of Petroleum Resources(DPR) has revealed. The DPR's director, Mr.Andrew Obaje who disclosed this yesterday added that oil reserve and condensate for the period under review stood at 37.17 billion barrel.
AllAfrica: Nigeria: Petroleum Industry Bill Ready, Senate Panel Says
The Senate Joint Committee on the Petroleum Industry Bill (PIB) yesterday announced that the bill was ready for plenary debate and passage in the next few days.
AllAfrica: Kenya: National Oil Company's Import Quota Causes Furore in Market
In a matter of days, the National Oil Corporation of Kenya (Nock) will put to use the 30 per cent monthly oil supplies quota even as the industry questions the rationale behind the new regulations.
AllAfrica: Nigeria: Politics of NNPC's Solvency
The confusion that occasionally trails governance in Nigeria again reared its ugly head recently following the altercation between the Minister of State (Finance), Mr. Remi Babalola, officials of the Nigeria National Petroleum Corporation (NNPC) and the Federal Executive Council (represented by the Minister of Information, Prof. Dora Akunyili and her counter ...
AllAfrica: Nigeria: Egerue Proffers Solutions to Oil Insurance Problems
A book entitled "Oil and Gas Insurance in Nigeria: The Market, The Money and The Controversy", written by Paschal Egerue, Managing Director, Afribank Insurance Brokers, has been unveiled in Lagos; the book attempts to offer solutions to the problems facing oil and gas insurance in the country.
AllAfrica: Nigeria: Drop of 1.6 Billion Barrels in Oil Reserves Threatens Economy
Nigeria's oil reserves have dropped by 1.6 billion barrels in just one year, threatening the economy that depends 90 per cent on oil receipts.
AllAfrica: Nigeria: Ugborodo Community Calls Off Protest At Chevron Facility
Protesting women and elders of Ugborodo community, who had laid siege to the Escravos River Crossing Gas Pipeline Project of American oil giants, Chevron Nigeria Limited, for several days, have called off their protest.
AllAfrica: Nigeria: DPR Alarmed at Capital Flight Through Fuel Importation
The Department of Petroleum Resources, DPR, the regulator of the oil and gas industry, is alarmed at the level of capital flight from the country, through fuel importation.
AllAfrica: Uganda: Heritage Oil Should Own Up
Petroleum explorer, Heritage, has disputed a 30% tax slapped on earnings from sale of its interests in Uganda oil fields.
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·Nigeria: Fuel Tanker Explodes, Kills Two in Lagos
COMMERCIAL and social activities in and around Apapa, Lagos were abruptly brought to a halt Wednesday after a petrol tanker exploded into flames burning its driver and motor boy to death.
·Africa: Leave New Oil in the Soil
Throughout Africa, oil has correlated with imperial subjugation, local authoritarianism and flagrant human rights abuses. It is now no longer in doubt that there are absolutely no guarantees that extractive activities are safe. One accident could jeopardise an entire ecosystem. It has been common knowledge in many oil-bearing communities in Africa that the discovery of oil in a local community is akin to a declaratio ...
·South Africa: Gas, Oil Drilling - Landowners in the Dark
Southern Cape landowners and environmentalists are "frustrated" by the lack of answers to their questions about proposed prospecting and drilling for gas and oil in the region, says the Wildlife and Environment Society of SA (Wessa).
·East Africa: Heritage Tax Battle - is the Region at a Loss?
After two decades of search for oil and gas, huge commercial reserves have been confirmed. However, Uganda's ability to transform the assets into cash is in balance.
·Nigeria: Oil Spill - Fishermen Demand N46 Billion Compensation From Mobil
The Artisanal Fishermen Association of Nigeria (ARFAN) has demanded N46.8 billion from Mobil Producing Nigeria Unlimited (MPNU), as compensation for the destruction of their fishing gears by oil spills.
·Uganda: Company Finds More Oil
Tullow Oil's Ngiri-2 appraisal well in the Butiaba Block 1 has encountered more than 40 meters of net oil bearing reservoir, the thickest oil pay so far encountered in the Butiaba area.
·Uganda: More Oil Discovered
Tullow Oil has made a further oil discovery in Uganda after the Ngiri-2 appraisal well came up trumps with the thickest oil pay found so far in the Butiaba area.
·Kenya: National Oil Company's Import Quota Causes Furore in Market
In a matter of days, the National Oil Corporation of Kenya (Nock) will put to use the 30 per cent monthly oil supplies quota even as the industry questions the rationale behind the new regulations.
·Nigeria: Politics of NNPC's Solvency
The confusion that occasionally trails governance in Nigeria again reared its ugly head recently following the altercation between the Minister of State (Finance), Mr. Remi Babalola, officials of the Nigeria National Petroleum Corporation (NNPC) and the Federal Executive Council (represented by the Minister of Information, Prof. Dora Akunyili and her counterpart in Finance, Mr. Olusegun Aganga), over the current stat ...
·Nigeria: Deregulation Inevitable for Economy, Say CBN, NNPC
Central Bank of Nigeria (CBN) and Nigeria National Petroleum Corporation (NNPC) spoke in unison yesterday to declare that, it only augurs well for the economy if the downstream end of the oil and gas sector was deregulated.
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