Oil - Page 3
Oil companies halt operations amid bloody threats
Despite the Rivers State governor's incessant pleas to rethink their decision, Oil companies have deciced to leave due to heightened insecurity and a threat...
Rebels to face ‘unemployment’ amid oil industry threats
As oil companies dare to abandon the Niger Delta region, River sate governor Mr. Rotimi Amaechi has vowed to use the Death Sentence as...
Niger Delta oil spill inaction, Agip Oil gets blame
A massive oil spill, said to be more than 20,000 barrels, from pipelines belonging to the Agip Oil company has severely affected the environment...
Petrol scarcity, Panick-buying and Strikes hit Nigeria
Oil Tanker drivers have boycotted supplies to Lagos, Nigeria’s most populated metropolis, causing petrol and petroleum product scarcity.
According to sources , no oil tanker...
Nigerian Budget shifts focus from Oil dependency
The Nigerian 2009 Appropriation Bill has been presented to the National Assembly with a solid guarantee to increase non-oil revenue like the tax take...
Europe to suffer from shut down of Nigerian gas facility
Nigeria's major gas facility belonging to Anglo Dutch giant, Shell Petroleum Development Company (SPDC), has been shut down. Shell Petroleum also shut down its...
OPEC calls emergency meeting as oil prices slide
According to a senior Iranian oil official, the falling oil prices that has affected the revenues of oil producing countries will be checked and...
Oil War still rages on in Nigeria’s Niger delta
The Niger Delta blood oil scenario continued yesterday as Rebels sought to knock off Chevron facilities with their speed boats and steal arms from...
Bio-fuel production disappoints a Maasai village
Kenyan rural farmers who opted to invest all their savings into growing oil seeds now fear they might have chosen the wrong venture as...
Migrant workers outnumber Equatorial Guineans
Latest statistics reveal that more than 300,000 people in Equitorial Guinea are from outside the country, with the majority of the migrants arriving illegally...
Top oil producer to embark on massive fuel importation
Due to the Niger Delta crisis, the folding up of the Nigerian National Petroleum Corporation (NNPC) and the crippled situation of the country’s refineries,...
Nigerian president plans to scrap National Petroleum Corporation
In order to reform the country’s oil industry, President Umaru Yar’Adua has moved to close down the Nigerian National Petroleum Corporation (NNPC). The establishment...
Shell punished over greed and malice
After going behind the community to obtain a Certificate of Occupancy (C of O) over a land that belonged to the natives, without the...
Central Bank governor says crisis ahead if oil prices drop below …
Governor of the Nigerian Central Bank has warned that the country’s financial reserves may not be enough to carry the country through any financial...
Falling oil prices worrying financiers
As Wall Street suffered its worst weekly drop ever, the oil industry was further affected as a barrel of oil went as low as...
Oil company charged with human right abuses in Nigeria
According to documents released by Earth Rights International, Royal Shell Petroleum has been indicted with actions of oppression against non-violent resistance to its environmental...
Crude Oil price falls unsettling Nigerian financial planners
Nigeria’s budget makers have nursed fears that the plummeting oil prices might weaken ridges for the Nigerian 2009 financial plan, which would soon be...
Oil rich Equitorial Guinea : Corrupt and abysmally poor
Despite the wells of oil that abound in Equatorial Guinea, majority of its population still live in abject poverty, a common phenomena with oil-rich...
Kenyan minister addresses growing oil concerns
The Kenyan media last week went all out against foreign multinational companies that dominate the oil industry as the government launched a campaign to...
Oil a serious threat to world peace
Kenyan President, Mr. Kibaki has claimed that the sharp increase in oil prices is fast grinding down gains made by economies of developing countries...
Nigerian defence challenges Niger-Delta youths to peace
Reacting to Sunday's declaration of ceasefire in the ‘oil war’ launched by militants last week, the Defence Head Quarters said if the restive youths...
Nigeria wary of MEND cease fire declaration
Oil state governors and the military Joint Task Force (JTF) in Nigeria have moved to ensure that the cease fire declared by the Movement...
Defence ministry dismisses threats of war in Nigerian oil region
The Oil War declared yesterday by the Movement for the Emancipation of Niger Delta (MEND) has been played down by the Nigerian Defence Headquarters,...
MEND gives oil companies ultimatum after offensive leaves 3 dead
The Movement for the Emancipation of Niger Delta (MEND) Saturday reported the Nigerian military has launched a full scale offensive against its positions at...
Nigerian President creates new ministry in charge of oil region
In an attempt to bring peace and stability to the Oil producing region of the country, President Umaru Musa Yar'Adua yesterday created the Federal...
Industrial fears as Gaslink plans gas price rise in Nigeria
More than 120 manufacturing companies in Nigeria could fold up and about 60,000 workers thrown out of job if Gaslink Nigeria Limited executes its...
The dilemma of the Niger-Delta
We have no drinking water, it is polluted with oil. Our Crops cannot grow; the soil is soaked with oil. Fishermen and farmers have...
Beyond oil : Akufo-Addo seeks to develop agriculture in northern Ghana
Nana Akufo-Addo, presidential candidate for Ghana’s ruling party, has pledged to invest part of the country’s future oil income in agriculture, hoping to turn...
UK seeks to play a big role in developing Nigeria’s energy sector
Britain has offered to help Nigeria overhaul its energy sector as part of Gordon Brown’s attempts to encourage oil exporters to boost production to...
Illegal oil refinery operators arrested in Nigeria
The Nigerian military said Monday it had discovered an illegal refinery being operated by suspected militants in the country's restive oil-producing Niger Delta region.
The...