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Gas leak from Agip’s oil field pollutes Bayelsa community

Jul 11, 2013

Fury and fear have pervaded Ikarama community, located near Taylor Creek in Yenagoa local council of Bayelsa since Monday, when it was exposed to a strange odour suspected to be oozing from large-volume mixture of crude and gas in the area. The strange gaseous discharge was coming barely three weeks after another gas leakage caused…

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Jonathan finalizes loan deals in China

Jul 11, 2013

Nigerian President Goodluck Jonathan and Chinese President Xi Jinping presided Wednesday over the signing of accords between their governments to facilitate $1.1 billion in low-interest loans for much-needed infrastructure in Nigeria. China, which is increasingly looking to Africa for oil and other natural resources, is offering Nigeria loans to help fund airport terminals in four…

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SURE-P generates 116,000 jobs nationwide – FG

Jul 10, 2013

The Federal Government says Community Services Women and Youths Employment, CSWYE, project of the Subsidy Reinvestment and Empowerment Programme, SURE-P, has generated no fewer than 116,000 jobs across the country. Speaking through the Minster of Labour and Productivity, Chief Emeka Wogu in Abuja, the government said a total of N3, 183,820,150.00 had been paid to…

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JTF arrests Bayelsa traditional ruler for crude oil theft

Jul 10, 2013

One of the foremost traditional rulers in Bayelsa State (name withheld) is in the custody of the Joint (Military) Task Force (JTF) on the Niger Delta, Operation Pulo Shield, for allegedly sponsoring crude oil theft. The high-ranking traditional ruler was arrested along with three other persons for their alleged involvement in crude oil theft in…

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FG, IOCs feud deepens over fiscal terms in PIB

Jul 10, 2013

As the National Assembly prepares to sit with the various stakeholders to harmonise their positions on the Petroleum Industry Bill (PIB), the feud between the federal government and the International Oil Companies (IOCs) over the fiscal terms proposed in the bill has deepened, especially with regards to gas development. Speaking Tuesday on behalf of the…

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NLNG Blockade Continues

Jul 9, 2013

The blockade to Nigeria’s NLNG ships is still ongoing, despite a court order to end it. A Nigerian federal court once again issued an order for the maritime security agency to end a blockade which is costing an estimated $22 million a day. Justice M.B. Idris rejected an application against the ruling from the Nigerian…

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Shell, Chevron drum up support for locally made pipes

Jul 9, 2013

Shell Companies in Nigeria and Chevron Nigeria Limited have canvassed local manufacturing of Line Pipes for use in Nigeria’s oil and gas industry, saying this is the only way the industry would attain the projected targets in the Nigerian Content Act. Speaking separately during a recent ground-breaking ceremony for Line Pipe Mill and Coating Facility…

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Nigeria to get $1 billion infrastructure loan from China

Jul 9, 2013

Nigeria’s finance minister says President Goodluck Jonathan’s visit to China will finalize $1.1 billion in low-interest loans for much-needed infrastructure in Africa’s giant, from airports and roads to a hydropower plant. Minister Ngozi Okonjo-Iweala told The Associated Press she is also looking for Chinese investment and increased trade with Nigeria. She also said ‘‘China is…

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EU, Italy, Netherlands to probe Malabu oil deal

Jul 8, 2013

The European Union has promised to commence an investigation into the Malabu oil deal scandal. This follows a letter by international extractive industry advocacy groups, Publish What You Pay (PWYP) and Zero Corruption Coalition (ZCC) have written the Italian and the Netherlands governments urging them to urgently institute an investigation into the Malabu oil deal…

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NIMASA, NLNG’s face-off costs Nigeria N4.48bn daily

Jul 8, 2013

The Federal High Court  will rule today  on a tax dispute between Nigeria Liquefied  Natural Company (NLNG) and the Nigerian  Maritime Administration  and Safety  Agency (NIMASA). But there is hint that NLNG is contemplating resolving the dispute out of court. The deadlock is costing $22 million (N4.48billion) a day in lost gas exports, according to…

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