Photo: Oil refinery By Bassy Udu Abuja — The much anticipated , operations on the missing $ 20 billion oil money may not amount to much after all, with PricewaterhouseCoopers, the audit firm that conducted the probe, saying it cannot vouch for the integrity of its findings.In a startling introductory letter addressed to Nigeria’s Auditor […]
Tag Archives: Report
April 24, 2015 Source: U.S. Energy Information Administration, based on Form EIA-23L and DrillingInfo Note: The top 100 largest oil and natural gas field locations are plotted using latitude-longitude of the approximate center of the field. Dot diameter is relative to its 2013 proved reserves. The top 100 oil fields in the United States accounted […]
By James Emejo Abuja — The forensic audit into the allegation of unremitted funds by the Nigerian National Petroleum Corporation (NNPC), which was carried out by PricewaterhouseCoopers (PwC), has revealed that the sum of $ 1.48 billion is yet to be remitted to the Federation Account by the corporation and its E&P subsidiary, Nigerian Petroleum […]
Oslo — Western Sahara Resource Watch (WSRW) on Thursday launched a report on Kosmos Energy’s unethical plans for the drilling of oil and gas in the occupied Saharawi territories, in which it highlighted that such activities would contribute to supporting Morocco’s “unfounded” claims over Western Sahara and undermining UN peace process. “The drilling plans are […]
On Aug. 21, President Goodluck Jonathan received the report of the National Conference with a pledge that his administration would implement its recommendations. The president, at the formal report reception ceremony in Abuja, declared that the report of the conference would not be wasted. He promised that the executive arm of government would immediately act […]
Professor Chinedu Nebo was Vice Chancellor of the University of Nigeria, Nsukka prior to his appointment as Minister of Power in February last year. He oversaw the privatisation of the sector last November, and has been under the spotlight in recent months, because consumers feel there is little progress in the sector, in terms of […]
August 12, 2014 Source: U.S. Energy Information Administration, The Utica Region in eastern Ohio, one of the fastest growing natural gas production areas in the United States, has been added to the (DPR). Total natural gas production in the Utica Region, which includes production from the Utica and Point Pleasant formations as well as legacy […]
Washintgon — Governments in sub-Saharan Africa are selling crude petroleum in shadowy deals worth hundreds of billions of dollars without publicly accounting for the money, according to a new report. A lack of transparency over staggering amounts of oil revenues is concerning from countries that have millions of people living in dire poverty, weak budgetary […]
