Tuesday 14th July 2020
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Govt urged to protect Nigeria against oil price volatility

oil exploration

The Nigeria Extractive Industries Transparency Initiative (NEITI) has called on the government to insulate the economy from the perennial oil price volatility by weaning the nation off its unhealthy dependence on oil which accounts for the bulk of its revenues and foreign exchange earnings Offshore oil exploration NEITI made the call in its latest policy brief, titled: “Insulating Nigeria from Perennial Oil ...

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How coronavirus impacts Nigeria’s oil output


Governments, across the world, are adjusting to the new reality as the coronavirus (COVID-19) is here to stay. Many European countries are looking for targeted ways to predict and stop outbreaks before it comes back in the form of the third or fourth wave. In Nigeria, things seem pretty much controlled. Oil exploration However, the country is facing a major ...

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Campaign highlights how oil exploration impacts sea, fishing

Fish Not Oil

“We are asking for clean waters, we are asking for safe food, we are asking for the right for fishermen to carry out their craft – employment, because the fishing sector employs far more Africans than the structive sector.” Those were the passionate words of Nigerian activist Nnimmo Bassey on Monday, June 19, 2017 at the Durban beachfront, by the ...

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Oil exploration: Thousands of South Sudanese suffering from chronic lead poisoning, study finds


No fewer that 180,000 people living in oil field region of Thar Hath in South Sudan are suffering from chronic poisoning from heavy metals as a result of exploratory drillings for crude oil, a study has revealed. According to the findings of a research conducted by Sign of Hope, a German non-governmental organisation (NGO), the poisoning is as a result of the contamination of ...

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Oil exploration can cause tremors, quakes, scientists warn


Following recent earth tremors in some parts of the country, some scientists have warned that earthquakes can be triggered by oil and gas exploration, especially in the Niger Delta region.   The News Agency of Nigeria (NAN) spoke with some scientists and stakeholders across the country recently against the backdrop of earth tremors in some states which has caused widespread ...

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Oilwatch to Ecuadorian president: Keep oil firms out of Yasuni-ITT

President of the Republic of Ecuador, Rafael Correa, has been urged by Oilwatch International not to permit the extraction of crude oil from Yasuni-ITT in order to protect the region from environmental damage. In a recent correspondent to Correa, the environment watchdog group told the president to stand firm and continue to show leadership in the area of sound environmental ...

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