Oil firms may stake $30 billion on exploration this year
Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost efficiency challenges may slip by as much as 15 per cent.
OML 11 host communities decry lack of electricity 50 years after oil exploration
Host communities of Oil Mining Lease (OML) 11 have decried a lack of electricity for about 50 years of oil exploration activities in their oil-bearing communities.
Experts harp on security to promote marine economy
Experts in the maritime sector have called for safer waterways to harness the enormous wealth from the sea and ocean. The experts, who gathered at the 2019 African Day of the Seas and Oceans, in Lagos, added that biodiversity of the ecosystem has been facing serious challenges due to human activities ranging from construction, unhealthy agricultural practices, irrigation, oil exploration, exploitation and transportation, dumping of toxic waste, to unregulated fishing.
Women vow to resist resumption of oil exploration in Ogoniland
The Federation of Ogoni Women’s Association (FOWA) yesterday said they would resist further oil exploration in Ogoniland.
MOSOP vows to resist resumption of oil exploration in Ogoni
Movement for the Survival of the Ogoni People (MOSOP) has warned against a possible crackdown on the Ogoni people to forcefully resume oil exploration in the area. President of MOSOP, Fegalo Nsuke, while addressing newsmen in Abuja yesterday, claimed allies of Shell Petroleum Development Company (SPDC) disguised as Ogoni leaders to champion the plan. He…
‘Oil exploration threatening 6.5 million fishing population in Niger Delta’
No fewer than 6.5million people involved in fishing-related activities in the Niger Delta have been threatened by the oil exploration.Renowned environmentalist, Nnimmo Bassey, disclosed this in a paper delivered at a summit in Yenagoa, Bayelsa State.
Scientists warn: Oil explorations can cause tremors, earthquakes
Following recent earth tremors in parts of the country, some scientist have warned that earthquakes can be triggered by oil and gas exploration in the Niger Delta.