press release Thirteen (13) energy efficient houses will be handed over to beneficiaries of the Delft 3 and 5 housing project in Delft today, ensuring they will stay warm in winter without having to incur much heating costs. The project, when complete, will deliver 1951 units of which more than 820 have already been handed […]
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By Kennedy Senelwa Britain’s Serious Fraud Office (SFO) has launched investigations into oil firms operating in Somalia over corruption allegations. The SFO is investigating Soma Oil & Gas Holdings Ltd, Soma Oil & Gas Exploration Ltd, and Soma Management Ltd over payment of about $ 600,000 to the Somalia Ministry of Petroleum and Mineral Resources […]
By Tunde Opeseitan Lagos — Fourteen nationals of Russia, Ukraine, Japan and United Kingdom were on Wednesday arraigned before a Federal High Court in Lagos by the Economic and Financial Crimes Commission (EFCC) over their alleged involvement in massive oil theft on Nigerian territorial waters. The accused persons were alleged to have illegally dealt in […]
opinion By Glenn Ashton · Our most recent round of load shedding, coupled to Eskom’s current application to increase power tariffs by over 25 percent, has raised the level of public anger and frustration with both the national power utility and government. Eskom has now ineluctably demonstrated its incapacity to deliver on its mandate to […]
By Igoniko Oduma The Bayelsa State Government on behalf of farmers whose means of livelihoods were destroyed by the April 15 oil spill from Shell’s Kolo Creek manifold in Otuasega, Ogbia Local Government Area of Bayelsa State, have concluded plans to initiate a legal action to obtain justice. It was gathered that the move, an […]
By Chibuzor Emejor Abuja — Petroleum Equalisation Fund[PEF]has revealed that it saved more than $ 2billion through “Project Aquila”, which is a high-tech electronic loading and delivery system introduced by PEF to check leakages in the system as well as enthrone transparency and due process. The agency’s outgoing Executive Secretary, Mrs. Adefunke Kasali, disclosed this […]
Tullow Oil’s shares rose to a five-month high on Monday this week after the Hamburg-based International Tribunal for the Law of the Sea (ITLOS) ruled in Ghana’s favour in a maritime dispute with Ivory Coast. The Tribunal allowed Tullow Oil to proceed with its work in the Tweneboa, Enyenra and Ntomme (TEN) oil fields off […]
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Photo: Douglas Birch/Center for Public Integrity The Pelindaba Nuclear Research Centre was built during the apartheid era, when South Africa’s officials developed a number of nuclear bombs for use against their enemies. Now South Africa stores nearly a quarter ton of uranium there. By Douglas Birch and R. Jeffrey Smith This report on the stand-off […]
Source: Vanguard NGR
Cairo — Egypt’s ministry of petroleum pumped on Wednesday 43 thousand tonnes of diesel oil nationwide, Petroleum Minister Sherif Ismail said on Thursday, to overcome a fuel crisis which has persisted this week. Ismail said in a statement that the amount of diesel oil pumped is 110 percent more than the planned amount, describing it […]
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Concern over Nigeria’s ‘loss’ of LNG market 17 May 2012 The Nigeria Liquefied Natural Gas (NLNG) used to control ten per cent of the global market share. It has dipped to between seven and eight per cent. There are fears it may dip to five per cent, if its growth plans are not accelerated, […]
By Kizito Makoye Dar es Salaam — As foreign donors drag their feet on injecting badly needed cash into the government’s coffers, local analysts are increasingly worried that this will affect implementation of key development projects that require donor funding. Donors – including the United Kingdom, Germany and the World Bank – are withholding 449 […]
Source: Vanguard NGR
Photo: Hand covered in oily mud, Bodo Creek, in 2011 (file photo). Shell oil has struck a deal for two separate payouts, one to fishermen and a second to their community, after two oil spills in 2008 devastated their livelihoods. It could take decades to fully clean the affected area. Oil giant Royal Dutch Shell […]
The Swaziland Government has committed itself to pay E900 million (US$ 90 million) to a South African company to build an oil storage facility in the kingdom, even though the project was not put out to open tender. Last month (December 2014), the media were excluded from a House of Assembly session where a special […]
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