More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

‘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…

Read More

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…

Read More

Negative oil activities have caused N160 trillion environmental devastation in Niger Delta – Kuku

Aug 16, 2013

The Federal Government, yesterday, said it will cost about N160 trillion ($1 trillion) to restore the environment in the Niger Delta, following the devastation brought upon the region by crude theft, illegal bunkering and oil exploration activities. Speaking at a conference on Oil Theft and Illegal Bunkering in the Niger Delta, in Lagos, Special Adviser…

Read More

Okonjo-Iweala decries N232bn fraudulent subsidy claims

Aug 16, 2013

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has decried the N232bn ($1.5bn) overpayments made to “fraudulent” oil marketers. Okonjo-Iweala, who is also the Coordinating Minister for the Economy, made the plan known at the meeting of the National Council of Finance and Economic Development in Minna, Niger State on Thursday. She said in 2006, the…

Read More

FG orders registration of all measuring equipment, including those for oil exports

Aug 16, 2013

The federal government has directed all industries using weight and measurement instruments for both domestic and international trade within the country to get such equipment registered for verification purposes or risk sanction. The verification is in line with section 7 of the weights and measures Act 2004. Chief Executive Officer of Nigerco Nigeria limited, consultant…

Read More

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...