Roughly 58% of Nigeria’s oil pumping capacity remained shut Saturday following an ongoing oil worker’s strike and a series of recent militant attacks on energy infrastructure in Africa’s biggest crude producing nation. Dozens of workers of Exxon Mobile Corp.’s (XOM:XOM … read more
Senior staff of the Mobil Producing Unlimited, the offshore arm of the ExxonMobil that produces about 860,000 barrels of crude per day, has finally shutdown all the company�s production locations to press home their demands for improved welfare packages and … read more
ABDUCTORS of wife of oil magnate, Chief Humphrey Idisi, Chairman of Lonestar Drilling Limited, have given him two days within which to pay a ransom, which they had slashed by half to N500 million. They threatened further that if he … read more
The top hierarchy of the Joint Task Force named �Operation Restore Hope,� Effurun, Delta State is not impressed by the roles being played by a committee set up by the state government to ensure security in the waterways, suspecting the … read more
TWO people were feared dead in the re-run governorship election in Adamawa State following attempts by suspected political thugs to snatch ballot boxes in Michika, home to former governor of the state, Mr. Boni Haruna and former Lagos State military … read more
Industrial action and attacks from militants have forced the two biggest oil companies in Nigeria to cut their production. Exxon Mobil and Royal Dutch Shell are both reducing output, which is helping to keep oil prices near record highs. Militant … read more
Oil prices soared toward this week’s record peaks Friday as traders fretted over threats to global energy supplies in Nigeria and Britain, analysts said. New York’s main oil futures contract, light sweet crude for delivery in June, surged 2.46 dollars … read more
Thursday, April 24, 2008 at 2218Hrs, heavily armed fighters from the Movement for the Emancipation of the Niger Delta (MEND) provided cover for its detonation engineers who successfully sabotaged a major crude oil pipeline located at Kula river in Rivers … read more
The Rivers state government says it is taking the war against abduction and other forms of criminality in the state back to the door steps of the perpetrators, even as it says it will never negotiate with �terrorists�. The state�s … read more
The Minister of Foreign Affairs, Chief Ojo Maduekwe, said on Friday that the Federal Government has not received details of the alleged maltreatment of a Nigerian deportee on board the British Airways. The deportee, Mr Ayo Omotade, was alleged to … read more