Jonathan resets fuel pump price to N97; says call off strikes

Special to USAfricaonline.com,  the USAfrica-powered e-groups of  Nigeria360,  UNNalumni, IgboEvents and CLASSmagazine Houston USAfrica, January 16, 2012: After 3 major rounds of  unsuccessful negotiations between organized labor and government in Nigeria — running for almost 10 days —  the country’s President Goodluck Jonathan is addressing the citizens, at this time 7am (Nigerian time)  to inform them of his key decisions regarding the crippling [...]

DEADLOCK: Nigerians get 48hrs “to rest, restock” ahead of crippling strike against fuel subsidy withdrawal

DEADLOCK: Nigerians get 48hrs “to rest, restock” before threat of more crippling strike against fuel subsidy withdrawal Special to USAfricaonline.com,  the USAfrica-powered e-groups of  Nigeria360,  UNNalumni, IgboEvents and CLASSmagazine Houston USAfrica, Houston, Lagos and Abuja: After a few hours of negotiation and reassessment of their positions on Thursday January 12 and into the early hours of Friday January 13, 2012, Nigeria’s embattled [...]

Nigeria braces for Environmental Disaster as Shell OIL SPILL of 1.70 million gallons approaches country’s shoreline

Nigeria braces for Environmental Disaster as Shell OIL SPILL of 1.70 million gallons approaches country’s shoreline Special to USAfricaonline.com,  the USAfrica-powered e-groups of  Nigeria360,  UNNalumni, CLASSmagazine & PhotoWorks.TV As the citizens of Africa’s most populous country entered the festive season of Christmas 2011, some of Nigeria’s Atlantic coastline communities are going to deal with the harsh impact of the Shell Oil [...]

OIL in NIGERIA: Liquid Gold or Petro-Dollars Curse? by Chido Nwangwu, USAfrica

OIL in NIGERIA: Liquid Gold or Petro-Dollars Curse? By Chido Nwangwu, USAfrica Founder & Publisher.  Archiving of this updated essay on another web site is Not authorized; only web links are allowed. Written October 19, 1998 and published on the web, first exclusively at USAfricaonline.com  http://www.usafricaonline.com/chido.petrogas.html Nigeria is the world’s sixth-largest oil producer, its petroleum industry [...]

Better fortunes ahead, as Ghana becomes an oil producing country, today

Better fortunes ahead, as Ghana becomes an oil producing country, today By Susan Njanji in Takoradi, Ghana (AFP). Special to USAfricaonline.com Ghana began production on Wednesday from one of the largest recent oil discoveries in West Africa, transforming it into a significant oil producer, but raising fears over the associated risks. President John Atta-Mills flew [...]

WikiLeaks on Nigeria’s corrupt oil sales at NNPC, Shell, US Ambassador and health of Nigeria’s President

“there are some “very interesting” people lifting oil. Oil buyers would pay NNPC GMD Yar’Adua, Chief Economic Advisor Yakubu and the First Lady Turai Yar’Adua large bribes to lift oil. Pickard
also reported an instance of the Attorney General Aondoakaa allegedly soliciting a $20 million bribe to sign a document….”

BrkNEWS: 19 oil HOSTAGES released in military raid in Niger Delta

Nigeria’s Niger Delta crisis: 19 oil hostages released in military raid; striking a blow to a resurgent militancy Special to USAfricaonline.com Wednesday, November 17, 2010; 6:02pm EST. Associated Press. By John Gambrell, Lagos, Nigeria: A military raid freed 19 hostages held in Nigeria’s oil-rich southern delta Wednesday night, a negotiator said, striking a stunning blow [...]

Shell gets N15b oil pollution ruling against its Nigeria operations.

Shell gets N15b oil pollution ruling against its Nigeria operations. Special to USAfricaonline.com and CLASSmagazine, Houston. By Chido Nwangwu (in Houston) and Obinwa Nnaji (USAfrica Executive Editor in Lagos). For an oil spill in the 1970 which affected about 256 hectares of land and water areas in the Ejama-Ebubu community in Tai Eleme Local Council [...]

POLLUTION, OIL and NIGERIA: Liquid Gold or Petro-Dollars Curse?

POLLUTION, OIL and NIGERIA: LIQUID GOLD OR PETRO-GAS CURSE? By Chido Nwangwu, Publisher of USAfrica. Special to USAfrica The Newspaper, Houston (first written/published on October 19, 1998) and USAfricaonline.com http://www.usafricaonline.com/chido.petrogas.html updated http://www.usafricaonline.com/2010/07/06/petrogas-pollution-nigeria-chido-october1998 The news report by USAfricaonline.com about the  July 5, 2010, ruling by a federal court in Asaba (Delta State of Nigeria) which awarded N15.4 [...]

Nigeria’s NNPC chief Shehu Ladan removed; Oniwon takes over; Ladan likely pick for Kaduna deputy Gov.

Nigeria’s NNPC chief Shehu Ladan removed; Oniwon takes over; Ladan likely pick for Kaduna State deputy Governor. Special to USAfricaonline.com and CLASSmagazine, Houston. Abuja, Nigeria – Officials say the new managing director of Nigeria’s state oil company has been fired. A spokesman for President Goodluck Jonathan said Monday that Nigerian National Petroleum Corp. director Shehu Ladan had been removed from his [...]

With Kase Lawal’s CAMAC Energy acquisition of Pacific Asia Petroleum, history grows with listing of African-led corporation on NYSE

By CHIDO NWANGWU. On this day of accomplishment and fulfillment for CAMAC on April 7, Dr. Lawal’s robust and vibrant vision of trading between Cameroon and America (camac) was yielding fruits from foundational seeds sown, nurtured and expanded since 25 years ago.

It was worth more than the aggregates of money for in his march to yet another historic business landmark: the listing of the largest U.S-based, African-led corporation on the highly-valued New York Stock Exchange (NYSE) Amex platform.

Nigeria’s new ministers get posts; Aganga gets Finance; Akunyili keeps Info; NNPC’s oil chief Barkindo fired….

Nigeria’s new ministers get posts; Aganga gets Finance; Akunyili keeps Info;  NNPC’s oil chief Barkindo fired…. By Bashir Adigun (AP). April 6, 2010, ABUJA, Nigeria — Nigeria’s acting president has sacked the head of the nation’s national oil company. A spokesman for Acting President Goodluck Jonathan gave no explanation for Tuesday’s decision to fire Mohammed Sanusi Barkindo [...]

Chevron’s pipeline attacked in Nigeria

Chevron spokesman Scott Walker confirmed the attack, telling AFP: “Chevron Nigeria Limited … confirms that there was a breach on its Makaraba-Utonana pipeline in Delta State, Nigeria on Friday, January 8, 2010.” The sabotage led “to a shut in of production of about 20,000 (bpd) from the Makaraba and Utonana platforms to protect the environment,” said Walker from Houston, Texas.

Nigerian delta group vows to attack oilfields, again….

Nigerian delta group vows to hit oilfields again Nigerian insurgents vowed Thursday to renew their five-year war against Africa’s largest oil industry when a unilateral cease-fire expires, even though some of their leaders have surrendered under a government amnesty in recent weeks. Their defiance raised the prospect of a major military offensive against them in their [...]

Exxon Mobil making multi-billion dollar offshore oil deal in Ghana

Kosmos has estimated the Jubilee field could potenitally hold recoverable oil and gas reserves between 650 million and 2 billion barrels of oil equivalent.
Exxon is one of the largest producers in Africa and has operations in Angola, Chad, Cameroon, Equatorial Guinea and Nigeria. Company also is exploring for oil in Libya, Madagascar, the Republic of Congo and the Nigeria-Sao Tome and Principe Joint Development Zone. But Exxon had held back on jumping on Ghana bandwagon — until now.

Nigeria set to be world’s 2nd Largest Supplier of Liquefied Natural Gas

Special Adviser to the President on Petroleum Matters, Dr. Emmanuel Egbogah, who made these known said “Nigerian LNG has a total installed capacity of 22 million metric tones of LNG per annum. In addition to the Nigerian LNG, other LNG projects such as the Brass, Olokola and other third party LNG plants are awaiting final investment decision, which is dependent on resolution of gas supply issues. The Brass and OKLNG facilities when completed, will add more than over 30 million metric tones of additional LNG capacity for export.”