Nigeria’s House of Cards

During the Jonathan administration, we were made to understand that there are three types of “Boko Haram”: first, criminal opportunists who feel they have found a new cover for their crimes; (more…)

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Court rejects Agip’s objection in gas plant case against Arco

A Federal High Court in Port Harcourt, Rivers State, has rejected an argument by oil firm, Agip, questioning the court’s powers to hear a gas plant maintenance contracts suit, brought by a local company, Arco. Read more

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Nigeria loses N8bn to gas pipeline vandalism

Nigeria has lost a minimum of N8.04 billion since January, to the incessant vandalism of the country’s gas pipelines, according to the Nigerian Gas Company, NGC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC. - See more

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Shell spills oil in Ogboinbiri River in Bayelsa, refuses to visit site

An oil leak from Seibou Deep facility operated by Shell Petroleum Development Company has been discharging crude into Ogboinbiri River in Bayelsa. Residents of the coastal settlements in Ogboinbiri and neigbouring communities say the oil leak has damaged the fishing activities of the people. Read more

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Debasing Africa’s Largest Economy

There was outrage in Nigeria when the U.S. National Intelligence Council (NIC), at a conference in 2005, “Mapping Sub-Saharan Africa’s Future,”  dared to foresee Nigeria’s outright collapse before 2020 dragging down with it a large part of the West Africa region. The Nigerian Government, who preferred to underscore the fact that Nigeria’s economy was on a growth trajectory and things were getting better rather than worse, vehemently denounced

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Vandalism can increase risk in oil price instability — NAPE

The Nigerian Association of Petroleum Explorationists, NAPE, has called for stricter sanctions on oil vandals, if the target in production of crude in the country has to be met. President of NAPE, Mrs. Adedoja Ojelabi, said the challenges in the industry would be worse if sanctions are not put in place to discourage theft and pipeline vandalism, as a larger percentage of the economy revenue is tied to oil production. Read more

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Oil Workers Strike: Nationwide darkness looms following cut in gas supply to power plants

Nigerians may soon experience nationwide blackout following the ongoing strike embarked upon by workers in the oil sector which has led to the disruption of gas supply to five power generating plants across the country. The power generation affected by this cut off are the 1,320mega watts (mw) Egbin power plant, 750mw Olorunsogo, 868mw Geregu and the 220mw Sapele power plants as well as the 270mw AES Independent Power Plant. read more

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Strike: Diezani shuns Reps again

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, on Thursday shunned a meeting called by the House of Representatives Joint Committee on Petroleum Resources (Upstream/Downstream) and Gas. The meeting was scheduled to discuss and find solutions to the ongoing strike by members of staff of the Nigerian National Petroleum Corporation‎. Read more

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Nigeria Oil Theft At Highest Level In Years

Nigeria is facing its worst oil crisis in years, as the country is losing billions of dollars due to theft. In Southern Ijaw in Bayelsa State, Al Jazeera's Rawya Rageh follows an oil theft arrest and the destruction of multiple illegal refineries for stolen crude. Read more

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Statoil resumes gas production in Algeria

The Management of Norwegian oil firm , Statoil has resumed work on Amenas gas plant in Algeria which was attacked by Islamic militants, leading to the death of over 40 oil workers in 2013. The company has agreed that resumption on the plant would be on rotational basis. Statoil says that its management had approved the return of temporary work to the plant as at June 2014, “to finalise the implementation of the outstanding security requirements.

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