17% Of Nigerian Oil Is Stolen?
Tue, 15 May 2012 11:06:32 CDTViewed: 37 times.
An article on the Reuters.com website repoerts that 17% of the oil production in Nigeria is being lost to theft.
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Nigeria
Energy Profile
On April 21, 2007, Nigeria held presidential elections, marking the first time in Nigeria’s history that the country passed control from one civilian government to another. During the 16 months preceding the election, militant activity in the Niger Delta (especially near Warri and Port Harcourt) has severely impacted Nigeria’s oil production potential by shutting-in an estimated 20 percent of total production. The Nigerian economy is heavily dependent on the oil sector, which accounts for 95 percent of the country’s total export revenues.
Nigeria Losing Fifth Of Revenue To Oil Theft: Report
Tue, 15 May 2012 06:03:53 CDTViewed: 99 times.
LAGOS - Nigeria is losing nearly a fifth of its revenues to oil thieves, Finance Minister Ngozi Okonjo-Iweala was quoted as saying in the pro-government daily This Day on Tuesday. Oil companies say so called 'bunkering' -- tapping into oil pipelines to steal the crude -- and other forms of oil theft are on the rise in Nigeria, despite an amnesty that was meant to end a conflict there
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Shell Says Oil Theft Costs It 43,000 Barrels A Day In Nigeria
Mon, 14 May 2012 13:31:33 CDTViewed: 13 times.
Pipeline sabotage is also common among militants looking for oil revenue or criminals seeking cleanup contracts, energy firm says
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Shell Says Losing 43,000 Bpd To Nigeria Oil Theft
Mon, 14 May 2012 11:24:58 CDTViewed: 103 times.
LAGOS - Royal Dutch Shell's Nigeria joint venture is losing 43,000 barrels a day (bpd) of crude oil to theft, while deliberate damage to pipelines accounted for more than three quarters of oil spilt last year, the oil major said. Shell has increasingly complained in recent months about bunkering - tapping into pipelines to steal the oil - which it says is on the rise in Nigeria. The
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Total Stops Nigerian Gas Leak
Mon, 14 May 2012 08:45:42 CDTViewed: 67 times.
The Nigerian subsidiary of French supermajor Total announced that it successfully plugged a subsurface natural gas leak in Nigeria.
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Afren Plc Announce Successful Ebok North Fault Block Exploration Well
Mon, 14 May 2012 02:32:00 CDTViewed: 90 times.
Afren plc announces that the Ebok North Fault Block exploration well offshore south east Nigeria has encountered 370 ft true vertical thickness TVT of net oil pay in excellent quality reservoir sa
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Nigeria President Unlikely To Risk Oil Graft Crackdown
Mon, 14 May 2012 02:09:00 CDTViewed: 10 times.
ABUJA - Nigerian President Goodluck Jonathan is coming under pressure to prosecute top officials implicated in a $6.8 billion fuel subsidy fraud, but many of the suspects are allies he is unlikely to go after if wants to keep his power base intact. It has been three weeks since parliament produced a report detailing massive corruption in a state subsidised petrol import scheme and
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Total Says Gas Leak Stopped At Nigeria Field
Sun, 13 May 2012 14:40:56 CDTViewed: 156 times.
French oil company Total SA said Sunday it stopped a natural gas leak at one of its plants in Nigeria's crude-rich southern delta after 54 days, an emergency that forced the firm to shut down the field and evacuate the area.
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New Research By ExxonMobil Foundation And Cherie Blair Foundation Reveals How Mobile Phones Can Help Women Entrepreneurs Develop
Sat, 12 May 2012 02:32:28 CDTViewed: 70 times.
Egypt: The ExxonMobil Foundation and Cherie Blair Foundation for Women released new research demonstrating how mobile phones can help women entrepreneurs develop and grow their businesses. The analysis across three emerging countries - Egypt, Nigeria and Indonesia - concludes there are a number of mobile technology-based solutions which, if tailored and scaled commercially, could support the business needs of women entrepreneurs.
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Conoco Marketing Nigerian Assets
Wed, 09 May 2012 14:01:42 CDTViewed: 35 times.
ConocoPhillips is marketing its assets in Nigeria, which include onshore and offshore oil and gas interests as well as a stake in the Brass LNG facility, a company spokesman said.
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