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Alison–Madueke tasks operators on nuclear regulations

Aug 20, 2013

The Minister of Petroleum Resources,Mrs. Diezani Alison-Madueke, has called on operators and service providers in the oil and gas industry to cooperate with the Nigerian Nuclear Regulatory Authority, NNRA, in its mandate to ensure effective monitoring of nuclear application in the industry. Delivering a Keynote Address at the Technical Meeting on Regulating Nuclear Application in…

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Need for oil majors to list on the NSE as Shell, Chevron, others declare $38.76bn dividend

Aug 20, 2013

Nigerians were once again the losers, as six international oil companies — Royal Dutch Shell, ConocoPhilips, Chevron, Total, Eni and ExxonMobil — paid their shareholders a dividend of $38.76 billion (N6.201 trillion) in 2013. The dividends were for the 2012 financial year, which was approved by their respective shareholders a couple of weeks ago. The…

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LADOL has capacity for Egina FPSO project – Advocacy Group

Aug 20, 2013

The Nigerian Content Advocacy Group has stated that the Lagos Deep Offshore Logistics (LADOL) has the capacity to fabricate the local component of the Floating Production Storage Offshore (FPSO) of Egina deepwater oil field for Total Upstream Nigeria, and would not encourage exporting part of the job to foreign fabrication yards. Speaking to journalists in…

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NNPC, oil majors urged to bury pipelines deeper to check oil theft

Aug 20, 2013

The Nigerian National Petroleum Corporation (NNPC) and multinational oil companies operating in Nigeria’s oil and gas industry have been urged to bury the pipelines deeply underground, to make them inaccessible to oil thieves and vandals. Stakeholders at the recent community-focused conference on ‘Oil Theft and Illegal Oil Bunkering’, organised by the office of the Special…

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Navy engages and kills 12 pirates in Delta State

Aug 20, 2013

In an operation that was confirmed as the first direct confrontation between the men of the Nigerian Navy and pirates operating along the nation’s waterways in recent time, 12 pirates were feared killed by a naval team, during a rescue operation on a hijacked oil vessel in Forcados in Delta State. It was gathered that…

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Malabu oil deal – Obasanjo demanded his share, Etete tells British court

Aug 19, 2013

Former President Olusegun Obasanjo was involved in an underground attempt to cut a slice of oil bloc OPL 245 in the dubious Malabu oil deal, the man at the centre of the scam, Dan Etete, told a British High Court. According to details of the approved judgment by Lady Justice Gloster of the Commercial division…

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Chevron, Bayelsa community disagree over spills

Aug 19, 2013

Controversy is trailing the oil and gas spills which occurred about a month ago at the Funiwa Field of Chevron Nigeria Limited, CNL, in Koluama One and Two in South Ijaw Local Government of Bayelsa State. Chevron’s General Manager, Policy, Government and Public Affairs, Deji Haastrup in a statement made available yesterday to Sunday Mirror…

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Shell lobbied for weapons which may have fallen into the possession of militants – Report

Aug 19, 2013

Shell lobbied the government to send millions of pounds of weapons to Nigeria that may have fallen into the hands of militants guilty of human rights abuses, a report has warned. Oil theft in Nigeria cost Shell some £160million in its last set of quarterly results and the Anglo-Dutch firm has sought Government help to…

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‘Oil sector uses over 80% of all imported radioactive sources’ – Dr. Egbogah

Aug 19, 2013

Over 80% of all imported radioactive sources are used in the oil and gas sector, the former alternate chairman, Nigeria Nuclear Regulatory Authority, NNRA, Dr. Emmanuel Egbogah, has stated. According to him, the radioactive sources are used for industrial radiography, nuclear gauging and radio-tracing. Speaking at the technical meeting on regulating applications in the oil…

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Four Thais released after kidnap ordeal in Nigeria

Aug 19, 2013

Four Thais held in an apparent ransom kidnapping in Nigeria have been freed unharmed, a spokesman for the kingdom’s foreign ministry in Bangkok said Saturday. A gang of armed kidnappers seized the four Thais and two Nigerians on a waterway while they were on their way to work at a state-owned fish farm in the…

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