Oil - Page 4

Court pays heed to indigenes, military and parliament as it stops Bakassi handover

Court pays heed to indigenes, military and parliament as it stops Bakassi handover

In a new twist to the saga of Nigeria's hand over of the resource-rich Bakassi peninsula to Cameroon, a court in Nigeria has stopped...
U.S. Company, Apache, announces significant oil discovery in Egypt

U.S. Company, Apache, announces significant oil discovery in Egypt

Oil and gas exploration company, Apache Corporation, announced Wednesday it had discovered a potentially significant amount of oil in Egypt, saying plans were afoot...
Joint Military Task Force not yet aware of MENDS pipeline attacks ?

Joint Military Task Force not yet aware of MENDS pipeline attacks ?

The Movement for the Emancipation of the Niger Delta (MEND) said Monday it had blown up two major oil pipelines belonging to the Nigerian...
Fears of fuel-hoarding as fuel tanker drivers strike in Nigeria

Fears of fuel-hoarding as fuel tanker drivers strike in Nigeria

Fuel tanker drivers in Nigeria have embarked on an indefinite strike to press for better pay and work conditions, according to the Secretary of...
Gordon Brown enrages MEND : Flimsy unilateral ceasefire crumbles

Gordon Brown enrages MEND : Flimsy unilateral ceasefire crumbles

The Movement for the Emancipation of the Niger Delta (MEND) has announced the end of its unilateral ceasefire and the 'resumption of hostilities' in...
Stolen crude oil should be treated like blood diamonds by the international community

Stolen crude oil should be treated like blood diamonds by the international community

Nigerian President Umaru Musa Yar'Adua said on Monday in Hokkaido, Japan, that the Federal Government would soon present a proposal to the United...
Sixth fuel price rise in Namibia in less than a year

Sixth fuel price rise in Namibia in less than a year

Namibians would from Tuesday fork out more money on fuel as prices will go up for the sixth time this year - with unleaded...
Moroccans concerned as government increases fuel prices

Moroccans concerned as government increases fuel prices

The Moroccan government’s decision to increase fuel prices from July 1st, has aroused concern among Moroccans. To offset rising oil prices, the Moroccan government has...
Nigeria unleashes Joint Task force to combat MEND

Nigeria unleashes Joint Task force to combat MEND

Security operatives in Nigeria's restive Niger Delta reg ion may have begun a manhunt for the militants behind the unending spate of attacks on...
Chevron Oil hit after president’s declaration of war on attackers

Chevron Oil hit after president’s declaration of war on attackers

Militants have blown up a Chevron oil pipeline at Escravos in Nigeria's oil producing Niger Delta region, forcing the company to shut down production...
Nigeria losing record levels of revenue to oil violence

Nigeria losing record levels of revenue to oil violence

Nigeria loses US$84 million daily to the activities of the militants operating in the Niger Delta oil region, according to Minister of State for...
Captain Jack Stone released by kidnappers MEND

Captain Jack Stone released by kidnappers MEND

The Movement for the Emancipation of the Niger Delta (MEND) has released the American it took hostage during an attack on the offshore Bonga...
MEND responsible for massive shell oil attack

MEND responsible for massive shell oil attack

The Movement for the Emancipation of the Niger Delta (MEND) has claimed responsibility for Thursday's attack on a Shell oil facility located offshore in...
Investigations into oil block awards begin in Nigeria

Investigations into oil block awards begin in Nigeria

Nigeria’s government is investigating awards of oil exploration blocks made in the last days of the administration of Olusegun Obasanjo, the previous president. ...
Uganda says no to crude oil export

Uganda says no to crude oil export

Uganda, the world's newest oil frontier, has no plans to export crude oil until the black gold is refined and sold as a finished...
South Africans find new ways of drastically beating high fuel prices

South Africans find new ways of drastically beating high fuel prices

Burdened by record high petrol prices cheeky motorists in South Africa have devised strategies of beating the high prices. Just fill up and speed...
Nigerian President promises increase in oil production

Nigerian President promises increase in oil production

Nigeria's President Umaru Yar'Adua said Thursday in Paris that his administration would work to raise Nigeria's crude oil production capacity from the current 2...
Ghana : Russia invests $1bn in oil exploration

Ghana : Russia invests $1bn in oil exploration

One of Russia's leading oil companies, LukOil Overseas Holding Limited, announced on Tuesday a US$100 million investment to support Ghana's efforts to improve on...
Rebel group attack Shell pipelines killing 11 men

Rebel group attack Shell pipelines killing 11 men

The Movement for the Emancipation of the Niger Delta (MEND) said Monday it killed 11 soldiers during an early morning attack on a Shell...
Nigeria President orders Shell and Exxon Mobil to pay debts

Nigeria President orders Shell and Exxon Mobil to pay debts

Nigerian President Umaru Musa Yar'Adua has ordered the Nigerian National Petroleum Corporation (NNPC) to take immediate steps to recover outstanding payments of US$ 1.91...
Trade deficit soars in Ghana

Trade deficit soars in Ghana

Ghana's central bank governor, Dr Paul Acquah, on Monday announced that the West African country's trade deficit had widened and was hovering around the...
North American Airlines stops Nigerian operations

North American Airlines stops Nigerian operations

After almost two years of plying the lucrative Lagos-New York route, US airline North American has quit the route due to high fuel costs. North...
Oil in namibia confirmed by Tower Resources UK

Oil in namibia confirmed by Tower Resources UK

UK oil exploration firm Tower Resources said on Friday that seismic data interpretation had confirmed the presence of giant structures which could contain 10...
Nigeria pipeline disaster kills one hundred and injures several

Nigeria pipeline disaster kills one hundred and injures several

About one hundred people were killed and twenty more injured in Thursday's fuel pipeline fire at Ijegun, a suburb of Nigeria's commercial city of...
MEND condemns seizure of US Chevron vessel

MEND condemns seizure of US Chevron vessel

The Movement for the Emancipation of the Niger Delta (MEND) has said it is not responsible for the seizure of a supply vessel operated...
Libya’s population to increase by 2030

Libya’s population to increase by 2030

The Libyan population could increase from 5.3 million to 8 million in 2030, according to a survey conducted by the Libyan urban planning Office...
Ghana Oil discovery was underestimated

Ghana Oil discovery was underestimated

Ghana on Tuesday received more good news on oil discovery with the UK-based oil explorer Tullow Oil saying its well offshore in the West...
Egypt hikes petrol and cigarette prices after salary increase

Egypt hikes petrol and cigarette prices after salary increase

The Egyptian government passed a bill to raise taxes and fuel prices only days after President Hosni Mubarak proposed a 30 per cent salary...
Shell Nigeria warned by unions over planned massive lay-off

Shell Nigeria warned by unions over planned massive lay-off

The umbrella Nigeria Labour Congress (NLC) has warned the Nigerian subsidiary of the Anglo-Dutch oil giant Shell against the reported plan to sack 3,500...
Obama – Clinton : Fuel price demagoguery deals heavy blow to Hillary

Obama – Clinton : Fuel price demagoguery deals heavy blow to Hillary

When Hillary Clinton called for suspension of the federal petrol tax this summer to provide relief from soaring energy prices, Dereje Kitle was the...