Oil - Page 2
Sudan: Omar Bashir promises friendly separation
President Omar Bashir Tuesday promised to recognize the secession of southern Sudan if that choice prevailed in the referendum scheduled for January 2011. But...
Egypt: Apache’s Latest Oil Discovery in Egypt’s Western Desert Tests 5,085 Barrels Per Day
Apache Corporation (NYSE:APA) (NASDAQ: APA) yesterday reported that its WKAL-A-2X discovery tested 5,085 barrels of oil and 130 thousand cubic feet (Mcf) of...
Nigeria: Financial distrust threatens weak peace and civility in Niger Delta
A dispute between the Niger Delta communities of Nigeria and government officials over who must manage the ten percent of oil revenues promised them...
Niger Delta: First Oil From Oyo Oilfield
The Nigerian company Allied Energy Plc. and Eni, through its affiliate Nigerian Agip Exploration, have started the production of the Oyo oilfield, located in...
Nigeria: UN moves to assess oil pollution in the Niger Delta
The United Nations Environment Program (UNEP) has begun its inspection of the polluted communities in the Nigeria’s Niger Delta. A lack of maintenance, oil...
The day Venezuela taught Nigeria a hard lesson
The Nigerian minister of information and communication, Professor Dora Akunyili, was given a good lecture by the Venezuelan ambassador to Nigeria, Enerique Fernando Arrundell...
Nigeria’s Niger Delta: A shaky peace process and rehabilitation program
There is an air of doubt clouding the Niger Delta as the promised education and jobs to the rebel militias who disarmed have not...
Ghana: Avoiding the Oil resource curse
Ghanaians have been rejoicing over the country’s oil find. However, many are aware that finding oil can actually lead a country into trouble, a...
Nigeria: Government to spend oil income on Niger Delta amid fears of siphoning
The Nigerian government has agreed to spend 10% of oil revenue directly in the communities of the Niger Delta, as part of a plan...
Niger Delta: Nigerian fights to prevent oil “tragedy” in Ghana, Uganda, Sierra Leone
One hundred days after a damning report on the Niger Delta, Amnesty International has released a review of the impact of their findings. Although...
Nigeria: Will China’s oil firm be different in operations in the Niger Delta?
The spread of China in Africa is taking shape in Nigeria’s oil fields as contract books, and oil drilling licenses exchange hands in Nigeria’s...
The Guns are quiet as diamond-rich Sierra Leone discovers oil
The guns are quiet and the killings have stopped in Sierra Leone. After a spell of peace and the prosecution of warlords, including the...
Ethiopia prepares to produce, consume and export bio-fuel
A new bio-fuel share company, expected to raise a capital of 250 million birr from interested parties, is set to start cultivating and extracting...
Uganda-DRC: Tensions mount over lake Albert resources
Tensions are mounting between Uganda and the Democratic Republic of Congo (DRC). Ugandan authorities accuse Kinshasa of putting up a checkpoint on the shores...
Nigeria: Justice for Saro-Wiwa’s Ogoni people after 13 years
Royal Dutch Shell has opted to settle out of court in a case of oppression, environmental degradation, human rights violations, and murder against the...
Nigeria: Mend destroys US oil giant, Chevron, pipelines
Only a week after a military operation to rescue foreign hostages, captured by Niger Delta militants, killed over a hundred people in the Niger...
Dow Jones report: Nigeria will do better to buy oil peace
The Nigerian government is deliberating on what it must do about the Niger Delta crisis and the Nigerian economy as Dow Jones news wire,...
Morocco: Natural gas discovery to ease strain on budget
The National Office of Hydrocarbons and Mines (ONHYM) confirmed, Tuesday, the discovery of two offshore reserves of natural gas in Morocco.
The finding of...
Nigeria petroleum club: lessons from China, Worries about US policies
Nigeria has launched a Petroleum Club which aims at making its body Chief Adviser to the President on Petroleum Matters, and creating jobs by...
Nigeria: Agip to clean up or suffer destruction
Italian oil giant, Agip have been accused of dumping harmful toxic waste in Ndokwa community in Delta State, Nigeria, and the community's youths have...
Nigeria Oil Strike: Distribution of products to be disrupted
Oil groups and oil workers in Nigeria were to begin, Tuesday, an indefinite strike to protest Federal Government's planned deregulation of the oil sector,...
Egypt – Israel: Before the war of Kippour
Before the war of Kippour in 1973, Sadat had persuaded King Faisal to use petrol as an arm against the state of Israel... Yet...
Nigerians gripped by fear as more oil is discovered
A crippling fear of unquiet and further quagmire has gripped some Nigerians as the country discovers another oil field. The oil curse that has...
Ghana Sheds Light on Oil Contracts
The Revenue Watch Institute congratulates the Government of Ghana on its decision to publicly disclose all present and future contracts with oil companies. While...
Shell Nigeria lays off thousands amid violent attacks
Shell Petroleum Development Company (SPDC), in Nigeria's Niger Delta region, has began sacking its employees as part of a cost-cutting effort in response to...
Nigerian labour leaders condemn gov’t for hasty oil laws
The Federal Government of Nigeria has been given a 21-day ultimatum to reconsider its oil policies and plans otherwise face a comprehensive and significant...
Nigeria: Rebels deprived of booty destroy Shell pipeline
Oil pipeline operated by the Shell Petroleum Development Company (SPDC), has been blown up by rebels in the Niger Delta. This incident is said...
Nigerian oil investors switch to panic-mode
Potential investors in the Nigerian Oil sector have been left in panic-mode, questioning the Nigerian Oil sector, following the recent cancellation of the exploration...
West backs trans-Sahara pipeline to counter Russian monopoly
Total, the French oil major, said on Wednesday that it was ready to participate in a planned Trans-Saharan gas pipeline, seen by European governments...
Royal Dutch Shell rescues Niger Delta despite hostilities
Europe's biggest oil company, Royal Dutch Shell has pledged to assist Nigeria with a loan to finance its crippling oil industry. The loan is...