Oil Spill: N’Delta paying huge price for nation’s oil production

The Chairman of the Governing Board of the National Oil Spill Detection and Response Agency (NOSDRA), Lancelot Anyanya has said Niger Delta communities are paying huge price to sustain Nigeria’s oil and gas production in the area. Anyanya, a retired major in the Nigerian Army, stated this when he led a delegation from NOSDRA to assess the impact of oil spills in Omoku area of Rivers State. Read more

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$1bn Chevron suit: Brittania-U lawyer cautions minister, NNPC against contempt

Minister of Petroleum, Diezani Alison-Madueke and the Nigerian National Petroleum Corporation (NNPC) have been cautioned not to allow themselves to be lured into pursuing extra-judicial advantage in contempt of court in the case involving Brittania-U on the one hand and Chevron Nigeria Ltd as well as Seplat Petroleum Development Company Ltd, on the other. Continue Reading

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SUBSIDY: FG, oil marketers clash over interest charge

The Federal Ministry of Finance and petroleum products marketers are now engaged in war of words over accrued interest on bank loans on account of delayed payments of subsidy by the ministry. Although both parties have taken newspaper advertorials to state their cases, the market may soon be plunged into another round of fuel shortages if the impasse is not resolved Continue reading

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500 illegal refineries destroyed in four months in N’Delta

The Nigerian Navy Ship, NNS Delta, has said no fewer than 500 illegal crude oil refineries situated along the Niger Delta creeks have been destroyed in the last four months. It also disclosed that the security agency is winning the war against oil theft in the area, but that its success story was being hampered by lack of equipment to flush out oil thieves and to curb other criminal activities along the waterways. Continue Reading

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Shell is pushed to explain its role in $1.1bn Nigerian corruption scandal

Ben van Beurden, the new head of Shell, faced a packed room of global investors on Tuesday at the oil group's annual shareholder meeting. In post since March, the 56-year-old Dutchman can expect probing questions about cash flows, capital efficiency, investment projections and so forth. The list is unsurprising; with investors, it all comes down to the money. How is their capital being spent, what returns is it making and when can they expect to

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Protesters disrupt Warri Port operations

Some protesters who claimed to be from ‘host communities’ Delta Ports of the Nigerian Ports Authority (NPA) in Warri, early this week disrupted port activities in protest against the posture of a terminal operator. The protest which was led by one Emiko Oghomienor and another Ijaw youth leader, led to stoppage of port operations for about several hours and caused heavy traffic logjam that took the combined efforts of military men and police officers

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Piracy activities heighten in Niger Delta

The recent upsurge in violent crimes along the creeks and waterways of Bayelsa State, has again brought to the fore the deteriorating security situation in the riverside enclave of the state where armed men are holding sway. While suspected sea pirates are terrorizing commuters along the creeks and waterways, armed men are also taking advantage of the parlous state of security in the far flung communities, many of which are not accessible by road

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Nigeria’s Petroleum industry stuck in corruption morass

Nigerians may not have seen the end of the recent hullabaloo arising from allegations of misuse of $49.8 billion subsidy fund launched by the now-ostracised Governor of the Central Bank, Mallam Sanusi Lamido, against the Nigerian National Petroleum Corporation, NNPC, and other agencies within the nation’s oil and gas industry. Ever since the first salvo was launched by the ebullient banker a few months back, several parleys have been held between

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Nigeria LNG declares force majeure

A long standing dispute with Nigeria LNG and the Nigerian Maritime Administration and Safety Agency (NIMASA) over alleged unpaid taxes has led to a naval blockade of its export terminal, which has now run into a second week. The company declared force majeure from June 28, because it is unable to meet its contractual obligations due to circumstances beyond its control. NIMSA initially blockaded the company’s Bonny Island terminal on Friday June

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Arepo Explosions: NNPC officials aiding, abetting vandals – Amosun

Ogun State Governor, Senator Ibikunle Amosun, Sunday, accused officials of National Petroleum Corporation, NNPC, of conniving with vandals to wreak havoc on the country’s economy through pipeline vandalism. He said this following the fire at the corporation’s pipeline at Arepo village in Obafemi-Owode Local Government Area of the state, which claimed unsuspecting number of lives. Meanwhile, the Arepo explosion has disrupted fuel supply to South-Western

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