Data obtained from the United States, US, Energy Information Administration, EIA, has put the continued decline of employment in the oil and natural gas production across the world at 26 percent between 2014 and 2016. The report, which captured between October 2014 and May 2016, stated that employment in oil and gas production reached a
Oil and Conflict: Nigeria President says Will Hold talks with Waring groups in Oil Producing region
Nigeria’s president on Sunday said he would hold talks with leaders in the oil-producing Delta region to address their grievances in a bid to stop a surge in pipeline attacks, but that an army crackdown would continue. People in the southern Delta region, where oil giants such as Royal Dutch Shell and Chevron operate, have
Nigeria: Militants Launch fresh attacks in Oil-rich Niger Delta causing cuts in Output
A series of attacks on Nigeria’s oil infrastructure has pushed its output of crude close to a 22-year low, Reuters data shows, putting intense pressure on the country’s finances. Shell workers at Nigeria’s Bonga oilfield in the southern Niger Delta were evacuated following a militant threat, a senior labour union official said on Monday, while
Oil and Corruption; How Nigerian Officials refused to remit $235.7 Million from Oil sales
Nigeria’s state-run oil firm withheld some 3.2 trillion naira ($16.2 billion, 14.6 billion euros) from the sale of crude oil in 2014, according to a government report from auditor-general Samuel Ukura. “From the examination of NNPC (Nigerian National Petroleum Corporation) mandates to (the) CBN (Central Bank of Nigeria) on Domestic Crude Oil sales… (the) amount
Nigeria Plans to split National Oil Corporation into 30 Independent Companies as an Anti-Corruption measure
Nigerian National Petroleum Corp (NNPC) is to be split into 30 independent companies within weeks, the group’s head said on Thursday, in a restructuring designed to help tackle corruption at the state oil company. Mismanagement and graft at NNPC has hampered an industry that provides around 70 percent of national income in Africa’s biggest crude
Pipeline explosion kills 12 in Nigeria’s oil rich ‘Niger delta’
A crude oil pipeline belonging to Eni SPA, an Italian multinational Oil and gas company in the Nigerian oil rich Niger delta exploded, killing 12 workers on site. The men were part of a maintenance team, including security and environment officials, carrying out repairs on Thursday afternoon on the Tebidaba-Clough Creek line near the town of Azuzuama