Environment

Dangote refinery to help wean Nigeria off dirty fuels

Oct 31, 2018

Dangote Oil Refinery Company (DORC) has stated that the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification. Sulphur in petroleum fuels results in vehicle exhaust emissions that have negative impact on health and the…

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Bayelsa community accuses Shell of negligence over oil spill

Oct 29, 2018

A community in Bayelsa State, Agoro 1, has accused Shell Petroleum Development Company (SPDC) of neglecting them after an oil spillage. Lead Consultant to the community, Furoebi Akene, said in a statement that Shell’s failure to proffer solution to the situation, constituted environmental and human rights abuses against them. He accused the firm of harassing…

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Rivers state’s air pollution caused by FG’s inability to provide petroleum products – Stakeholders

Oct 23, 2018

Stakeholders in Rivers State have blamed the black soot occurrence and air pollution in the state on Federal Government’s failure to adequately provide petroleum products in the country. The stakeholders, comprising academics, environmentalists, traditional rulers, civil society organisations (CSOs), oil and gas regulatory agencies and security personnel, among others, argued that the gap created room…

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DPR sends samples of contaminated water in Niger communities for testing

Oct 15, 2018

The Department of Petroleum Resources (DPR) in Niger State has sought the technical advice from a “standard laboratory” in Kaduna over the contamination of water sources in three communities in Takogi ward in Doko area of Lavun Local Government of Niger State. Samples of the water taken from hand dug wells, boreholes and stream were…

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Minister says $177m has been raised for Ogoni clean-up as UK promises to support FG

Oct 12, 2018

Alhaji Ibrahim Jibril, Minister of State for Environment, has said $177 million has been raised for the clean-up of Ogoni land. Jibril revealed that the funds were the required contribution from oil majors. Although $1 billion was stipulated by the United Nations Environmental Programme (UNEP) for the clean-up in five years, Jibril says the balance…

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OPEC Sec-Gen, Barkindo criticizes new UN report on climate change

Oct 12, 2018

The Secretary-General of OPEC, Mohammad Barkindo, on Thursday at the Oil & Money conference in London criticized a report calling for radical action to fight climate change, as he argued that the idea that renewable energy was the world’s only future was misguided and that a “bombardment” of green advocacy could be harmful. A UN…

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Shell’s oil spill affected over 113 hectares in Bayelsa – Report

Oct 9, 2018

Leakage from an oilfield operated by Shell Petroleum Development Company (SPDC) at Aghoro community in Bayelsa has discharged some 1,114 barrels of crude oil into the environment. The leakage has adversely affected the fishing vocation of residents who had withdrawn from fishing to pave way for clean-up. The resulting oil spill impacted and polluted an…

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UN says rapid, unprecedented change needed to stop increasing global warming

Oct 8, 2018

A special report on limiting global warming released on Monday by a UN scientific panel, should be heard around the world as an “ear-splitting wake-up call” said UN chief António Guterres. He said the long-awaited findings show that “climate change is running faster than we are – and we are running out of time.” The IPCC, or Intergovernmental Panel on Climate Change…

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NSE lists provisional guidelines for green bond issuance

Oct 8, 2018

Provisional guidelines on how green bonds will be listed on the floors of the Nigerian Stock Exchange (NSE) have been released by the NSE, with the bourse indicating its willingness to alienate defaulters of the guidelines when operational. A green bond is one issued to finance or re-finance in part or in full new and…

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FG increases gas flare penalty to $2 per 1000scf in new regulation

Oct 2, 2018

The Federal Government has increased the penalty for gas flaring to $2 per 1,000 standard cubic feet of gas, SCF, from N10 per 1,000 SCF of the commodity flared. At the current exchange rate of N306.35 to a dollar, the $2 penalty translates to N612.7 per 1,00 SCF, while the $0.50 penalty translates to N153.175…

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