The National Oil Spills Detection and Response Agency (NOSDRA) has said that 3000 barrels of oil lost at Egina FPSO was due to export hose failure.
On Sunday, November 26, Mr. Idris Musa, the Director-General/Chief Executive Officer of NOSDRA spoke with the News Agency of Nigeria and provided an update on the 3000 barrels of oil spill that occurred at Egina. … Read the rest
Executive Director of Policy Alert, Tijah Bolton, has lamented that the Petroleum Industry Act, which promised respite for oil host communities has worsened the frustration of communities in the Niger Delta.
Bolton stated this in Port Harcourt at the weekend during a workshop organised by Budgit Foundation on the ‘Cost of Corruption in the Extractive Industry’.
He said: “Most of what we see is environmental degradation, we see a lot of poverty, and conflict in these communities as a result of the invasion of their communities by oil and gas multinationals.… Read the rest
Africa’s most populated country is set to draw the battle line with OPEC+ and its allies as Africa’s largest oil producer aims for higher oil output, despite Crude prices falling in the past month as hopes of more supply cuts by the oil cartel were largely offset by a delay in the meeting.
Brent crude prices fell to $80 a barrel in the early hours of Monday despite a weaker reading in the dollar index, while U.S.… Read the rest