petroleum

News

Poverty Rife in Africa's 'Kuwait'
Equatorial Guinea is one of the world's top 30 oil producers, according to its Ministry of Mines, but corruption watchdog group Global Witness says most in the country still live in poverty.
Source : AllAfrica | 06-Oct-2008 17:38

Nigeria: NGO Decries Abuse of Labour Laws At Oil Fields
Community Watch of Nigeria , an NGO in Akwa Ibom State, has decried the abuse of the country's labour laws by companies operating at the Qua Iboe oil fields.
Source : AllAfrica | 06-Oct-2008 16:13

Nigeria: Diete-Spiff Identifies Causes of Niger Delta Crisis
The Amanayabo of Kalabari Kingdom, King Alfred Diete-Spiff, has said Niger Delta is in its current situation because government in the past did not recognise the role of traditional rulers in conflict mediation.
Source : AllAfrica | 06-Oct-2008 16:02

Nigeria: Bunkering - JTF Arrests 4 Barges
Four barges believed to be used in conveying illegally bunkered petroleum products in the Niger-Delta have been intercepted and seized by the security Joint Task Force (JTF) in Warri, Delta State .
Source : AllAfrica | 06-Oct-2008 15:31

Nigeria: Niger Delta Committee Demands Memorandum From Ohanaeze
Niger Delta Technical Committee has reached out to the pan-Igbo cultural group, Ohanaeze Ndigbo, and asked for its memorandum on resolution of the Niger Delta crises.
Source : AllAfrica | 06-Oct-2008 15:26

Nigeria: Mend Releases 19 Hostages
Movement for the Emancipation of the Niger Delta (MEND) said yesterday that it had released about 19 oil workers abducted in September but was still holding two British and a Ukrainian.
Source : AllAfrica | 06-Oct-2008 15:26

Nigeria: The Country's Anti-Bunkering Campaign
For a nation that has oil as its mainstay, it is to be expected that no effort would be spared in protecting oil facilities from vandals, economic saboteurs and plain crude oil thieves. It is against this backdrop that President Umaru Yar'Adua recently raised the alarm at the global forum of the 63rd session of the United Nation's General Assembly, where he vowed that Nigeria would lead the global campaign against oil theft.
Source : AllAfrica | 06-Oct-2008 15:26

Nigeria: Speed Up Oil Search in North, Shehu of Borno Urges FG
Shehu of Borno Alhaji Mustapha Umar El-Kanemi yesterday stressed the need for the commencement oil exploration in the Lake Chad basin and the Benue thorough for the socio-economic development of the North and Nigeria in general.
Source : AllAfrica | 06-Oct-2008 15:14

Nigeria: New Ministry'll Resolve Niger Delta Problem - Governor
Governor Chibuike Amaechi of Rivers says the new Niger Delta Ministry will go a long way in solving the lingering problems in Niger Delta. Amaechi made the remark on Saturday while fielding questions from newsmen at the Murtala Muhammed Airport, Ikeja.
Source : AllAfrica | 06-Oct-2008 15:14

Nigeria: Channel Oil to Raise N1 Billion to Finance Downstream Operations
Channel Oil and Petroleum Limited has announced plans to raise N1 billion through the capital market to finance an expansion programme in the downstream sector of the Nigerian oil and gas industry.
Source : AllAfrica | 06-Oct-2008 14:08

Nigeria: DPR Tasks Marketers on Products Measurement
The Department of Petroleum Resources (DPR) has tasked petroleum marketers in the country to ensure real time measurement of petroleum products.
Source : AllAfrica | 06-Oct-2008 14:08

Africa: Journalists Reflect On Coverage of Food And Fuel Crisis
Journalists covering the Commonwealth Finance Ministers Meeting in Castries, St Lucia reflected on the way the story of the rising food and fuel crises has been covered in their respective countries and newsrooms and resolved to be more comprehensive and complete in future coverage of the story.
Source : AllAfrica | 06-Oct-2008 13:50

Nigeria: Again, Militants Kidnap 6 Filipinos
Six Filipinos on board a vessel, MV Avero, were in the early hours of yesterday attacked and kidnapped by unknown gunmen, three nautical miles off the Bonny Fairway Buoy in Rivers State.
Source : AllAfrica | 06-Oct-2008 13:43

Nigeria: 'N'Delta Ministry'll Boost Devt'
River State Governor, Chibuike Rotimi Amaechi, has expressed confidence in the newly created Ministry of Niger Delta, saying that it would bring development to the region.
Source : AllAfrica | 06-Oct-2008 13:43

Nigeria: Akpabio - N'Delta Ministry'll Check Militancy
Akwa Ibom State Governor, Mr Godswill Akpabio, has assured that the creation of the Ministry of Niger Delta would drastically reduce militant activities in the region.
Source : AllAfrica | 06-Oct-2008 13:43

Bunyoro Oil Could Cause Food Shortage, Says Hoima Boss
Food shortage is looming in Hoima District because the population has abandoned agriculture in preference to speculating about oil fortunes.
Source : AllAfrica | 06-Oct-2008 13:25

Africa: Investors' Club - Uganda Seeking Nigerian Advice On Oil Wealth
Uganda's emerging oil industry is in the spotlight yet again, as it emerges that the government has been quietly seeking Nigerian input to guide its development.
Source : AllAfrica | 06-Oct-2008 13:13

Nigeria: $5.2 Billion Excess Crude Fund Now for Devt - Akpabio
Civil society organizations in Bayelsa State atthe weekend presented a draft bill to the Speaker of the Bayelsa State House of Assembly calling for the establishment of an oil fund commission to fast- track development in the oil producing communities.
Source : AllAfrica | 06-Oct-2008 13:03

Kenya: Oil Firm Injects Sh60 Million to Boost Its Capacity
The National Oil Corporation of Kenya has embarked on Sh60 million project to expand petroleum products storage capacity at its Nairobi depot.
Source : AllAfrica | 06-Oct-2008 13:02

East Africa: Slippery Companies, Sticky Prices
Last week, the global price of oil fell to a low of $97 a barrel, down from a high of $147 in July. This represented a 34 per cent fall in price in just three months.
Source : AllAfrica | 06-Oct-2008 12:47

Nigeria: Militants Kidnap 6 Filipinos in PH
Gunmen in Nigeria kidnapped six Filipino workers during an attack on an oil service vessel in the Niger Delta, a private security source said on Saturday. A speedboat carrying 12 gunmen attacked the vessel and took six hostages, including the boat's captain and two engineers.
Source : AllAfrica | 06-Oct-2008 11:31

Nigeria: Gunmen Kidnap 6 Filipinos in Niger Delta
Gunmen yesterday kidnapped six Filipino workers during an attack on an oil service vessel in the Niger Delta, security sources said on Saturday. A speedboat carrying 12 gunmen attacked the vessel and took six hostages, including the boat's captain and two engineers, two sources said. No group has claimed responsibility for the attack.
Source : AllAfrica | 06-Oct-2008 11:06

Nigeria: Capital Oil And Gas Completes Apapa Jetty
The Chief Executive Officer of Capital Oil and Gas, Mr Ifeanyi Ubah, has said that the multibillion naira private jetty project that will prevent ships bringing petroleum products from incurring demurrage has been completed.
Source : AllAfrica | 06-Oct-2008 09:57

Uganda: Ban on Heavy Trucks Reduces Fuel Supply
THE flow of fuel into the country has been interrupted since the Kenyan authorities impounded all four-axle trucks destined for Uganda.
Source : AllAfrica | 06-Oct-2008 09:45

Cameroon: Police Grills SCDP GM Over FCFA 1,375 Million
Since Monday, September 29, panic and anxiety have gripped the National Petroleum Distribution Company, SCDP, following the interrogation of the company's General Manager, GM, Jean Baptiste Nguini Effa.
Source : AllAfrica | 06-Oct-2008 09:32

Nigeria: Niger Delta Crisis a Nightmare, Says Yar'Adua
President Umaru Musa Yar'Adua yesterday said the situation in the Niger Delta region has remained a nightmare starring his 16 month old administration in the face. He said the crisis in the oil producing areas is scaring away potential investors to the country.
Source : AllAfrica | 05-Oct-2008 10:15

Rwanda: Lower Fuel Prices Should Translate Into Cheaper Goods
Due to decreasing fuel prices on the world market, the government has announced a reduction on petrol and gas oil prices by 4.761 percent starting Monday, October 6. This directly translates into pump prices for petrol and diesel going from the current Frw924 to Frw880.
Source : AllAfrica | 04-Oct-2008 10:42

Eritrea: Eritrea Signs Agreements With Defba Oil Share Company On Exploration of Oil Resource
The Government of Eritrea today signed two agreements with Defba Oil Share Company on oil exploration and development.
Source : AllAfrica | 04-Oct-2008 09:31

Rwanda: Fuel Prices Fall
The Government has announced that it has reduced petrol and gas oil prices by 4.761 percent effective Monday, October 6. This was disclosed by State Minister for Industry and Investment Promotion, Vincent Karega during a press briefing. He said that this was driven by steadily decreasing fuel prices on the international markets.
Source : AllAfrica | 04-Oct-2008 08:45

Rewarding Non-Violence in the Niger Delta
At a time of historically high oil prices, a model has emerged in Nigeria?s oil-rich Niger Delta that could allow more than a million barrels per day of production to come back on-stream without additional exploration or even new investment in production facilities ? if only the Nigerian government would pursue it.
Source : AllAfrica | 03-Oct-2008 12:48

South Africa: PetroSA Granted Licence for Coega Refinery
THE minerals and energy department has granted state-owned oil and gas group PetroSA a manufacturing licence for the 400000- barrels-per-day crude oil refinery at Coega, near Port Elizabeth.
Source : AllAfrica | 03-Oct-2008 11:58

Rwanda: Oil - Aerial Survey Ends Today
Specialists of New Resolution Geophysics, that has been conducting an airborne 'gravity and aeromagnetic' survey are scheduled to end their flying assignment today.
Source : AllAfrica | 03-Oct-2008 11:34

Nigeria: Ruptured Pipeline - Warri Refinery Operations Not Affected - NNPC
Nigerian National Petroleum Corporation (NNPC) said yesterday that rupture of a feeder pipeline supplying crude oil to the 125,000 barrels per day to Warri Refinery and Petrochemical Plant has not disrupted the company's operation.
Source : AllAfrica | 03-Oct-2008 10:46

Chevron Restores 20,000 BDP Crude Output
United States oil major Chevron Corporation has said it has restored normal production to its 20,000 barrels per day (bpd) Pennington facility, which was destroyed over a year ago after an attack by militants in the Niger Delta.
Source : AllAfrica | 03-Oct-2008 10:46

Nigeria: Past Leaders Blamed for Neglect of Niger Delta
The lingering Niger Delta crisis has been blamed on past administrations that were concerned for their own economic gains and not the citizenship rights or the refusal of oil companies to give fair and equitable treatment to the demands of the Niger Delta people.
Source : AllAfrica | 03-Oct-2008 10:16

FG to Consider Kenya's Request to Renew Crude Oil Lifting
The Federal Government is to consider the request for the renewal of crude oil allocation under the government to government crude oil contract by Kenya with a view to improve bilateral relations between the two countries.
Source : AllAfrica | 03-Oct-2008 09:40

Africa: Oil Slides on Strong Dollar, Lower Demand
OIL prices continued to fall yesterday, driven by slowing demand and a strengthening dollar.
Source : AllAfrica | 03-Oct-2008 08:38

Kenya: Kenya Airways May Cut Routes Due to Costs
Kenya Airways may abandon some of its routes due to high fuel prices and reduced air traffic.
Source : AllAfrica | 03-Oct-2008 08:25

South Africa: Steer Clear of Cartels
SASOL's costly experience with the European competition authorities illustrates yet again just how high are the risks for SA companies going into joint ventures abroad.
Source : AllAfrica | 03-Oct-2008 08:07

Nigeria: French Naval Vessel Not in Country to Fight - Captain
The captain of a visiting French Navy Ship, yesterday said the visit was not to protect French oil installations in Nigeria but to consolidate technical links.
Source : AllAfrica | 02-Oct-2008 12:27

South Africa: Sasol 'Shocked' at Fine
SASOL says it is shocked - no really - shocked at being fined R3,7bn by the European Commission for fixing prices and carving up paraffin wax markets.
Source : AllAfrica | 02-Oct-2008 11:49

Nigeria: No Alternative to Peace, Says Govt
Rivers State government has commended current efforts of the Joint Military Task Force (JTF) in the process of restoring law and order in the state, after reviewing the security situation in the state.
Source : AllAfrica | 02-Oct-2008 11:07

Nigeria: House Committee Wants Oil Blocks Revoked
There are strong indications that the House of Representatives Ad hoc Committee investigating the Nigeria National Petroleum Corporation (NNPC) and its subsidiaries may recommend the revocation of licences issued by the Department of Petroleum Resources (DPR) during the 2006 oil blocks mini-bid round.
Source : AllAfrica | 02-Oct-2008 11:07

Nigeria: House May Revoke Controversial Oil Blocks
The House of Representatives Ad hoc Committee investigating the Nigerian National Petroleum Corporation NNPC) and its subsidiaries may have recommended the cancellation of the award of all controversial oil blocks.
Source : AllAfrica | 02-Oct-2008 10:55

Nigeria: Sylva Unfolds Plan to Disarm Militias
Governor Timipre Sylva of Bayelsa State yesterday announced that a comprehensive disarmament programme would soon be unfolded to encourage the various militant groups in the state to drop their arms and ammunition for a final peace process.
Source : AllAfrica | 02-Oct-2008 10:55

Nigeria: Niger Delta Ministry Versus NDDC
In two major moves last week, the federal government demonstrated its commitment to addressing the lingering crisis in the Niger Delta. First, the alternative to the controversial Niger Delta summit, which President Umaru Yar'Adua promised on assumption of office, was set up with the composition of a 45-man technical committee led by a respected Niger Delta activist, Mr. Ledum Mitee. It would be recalled that Mitee was deputy to the renowned leader of the Movement for the Survival of the Ogoni People (MOSOP), late Ken Saro-Wiwa. He is currently the leader of the movement. Two days later, the president took a bolder step with the creation of the Ministry of Niger Delta Affairs. These two actions taken in quick succession, have created the impression that the president has given thought to the Niger Delta issue.
Source : AllAfrica | 02-Oct-2008 10:54