DHL Enters Strategic Partnership with Ambatovyin Madagascar
DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL Group , has entered into an initial three-year Global Freight Forwarding agreement with Ambatovy, a joint venture between Sherritt International Corporation, Sumitomo Corporation and Korea Resources Corporation. This agreement was secured and will be managed by the division’s Industrial Projects team which […]
Equatorial Guinea Government Empowers Nationals with ‘Historic’ Oil & Gas Technical Training Program
The Ministry of Mines, Industry and Energy of Equatorial Guinea announces that it has signed an agreement with the Southern Alberta Institute of Technology (SAIT Polytechnic) (www.SAIT.ca) to provide comprehensive technical training to Equatorial Guinea nationals in Calgary, Alberta, in Canada. The two-year program, which will provide the students with core and specialized oil and […]
Oil Theft: Nigerian Army Uncovers Bunkering Site Near Rivers Port Complex
The Nigerian Army yesterday uncovered a massive illegal bunkering site located at Makoba Beach, about one kilometre from the Rivers Port Complex located in Port Harcourt, the Rivers State capital. Commander of 2 Brigade, Nigeria Army, Port Harcourt, Brig.-Gen. Stevenson Olabanji, who disclosed this to newsmen in Port Harcourt yesterday, said that 13 suspects were […]
Exxon knew of climate change in 1981, email says – but it funded deniers for 27 more years
ExxonMobil, the world’s biggest oil company, knew as early as 1981 of climate change – seven years before it became a public issue, according to a newly discovered email from one of the firm’s own scientists. Despite this the firm spent millions over the next 27 years to promote climate denial. The email from Exxon’s […]
Oil to Worsen Land Wrangles of Local Residents
Uganda’s discovered oil and gas resources in the Albertine graben is expected to escalate and worsen land wrangles in the oil frontline districts, and further widen the gap between the rich and the poor, a new report by the Economic Policy Research Centre (EPRC) at Makerere University reveals. The report titled, ‘Natural Resources Management in […]
Ghana to halt oil exploration
Until a maritime territorial dispute between Ghana and Ivory Coast is resolved, any new offshore oil exploration must stop, says the International Tribunal for the Law of the Sea. Both Ghana and Ivory Coast claim the waters as their own and a final decision on this dispute could take two years. From Ghana’s oil city […]
‘Only Allah can set the price of oil’: Saudi Arabia
Saudi Arabia’s oil minister has turned to divinity over the issue of slumping prices in oil, claiming that “it’s up to Allah”. Speaking to CNBC, oil minister Ali al-Naimi said that “no one can set the price of oil – it’s up to Allah”. Saudi Arabia is the world’s biggest producer of oil and, while […]
Uganda rewards a $4bn oil refinery deal to sanctions hit Russia’s Rostec
Uganda has rewarded a $4bn oil refinery deal to a subsidiary of Russia’s Rostec, whose CEO has been subject to US sanctions.Uganda and RT Global Resources will now negotiate the terms of a joint venture to engineer and finance the $2.5bn refinery plus a product pipeline and associated infrastructure. The decision to award the contract […]
$1.48 billion stolen from Nigeria’s oil revenues
At least $1.48 billion is missing from Nigeria’s oil revenues, according to an international audit that found much less unaccounted for than the $20 billion alleged by the former Central Bank governor.The report by PricewaterhouseCoopers covering January 2012 to July 2013 is an indictment of the accounting of the state-owned Nigerian National Petroleum Corp., which […]