Even before the first drum of oil drops out of the Jubilee Fields, red-hot controversy is threatening the welcome news. The ruling National Democratic Congress (NDC) apparently, believes that the oil money could be used as collateral to contract huge loans for “infrastructural development.”
Consequently, the party leadership in Parliament is pushing for an amendment in the Petroleum Management Bill to pave way for the oil money to be… Continue
Added by GOXI on November 30, 2010 at 23:00 —
By Joseph Ushigiale in Lagos and Kingsley Nweze in Abuja with agency report, 11.29.2010
The Economic and Financial Crimes Commission (EFCC) has said employees of United States oilfield services group Halliburton arrested last week in a bribery case have been freed, but must stay in the country pending further investigations. Continue
EFCC detained 10 Nigerian and expatriate Halliburton staff for…
Added by GOXI on November 30, 2010 at 22:45 —
Peru's ruling APRA party is trying to get a bill through Congress that would double royalties paid by mining companies as part of an effort to lift fiscal revenues in the country at a time of high metals prices.
The bill, presented to the head of Congress this week, would raise the levy on mineral sales to between 2 percent and 6 percent of the gross sales amount. The range is currently between 1 and 3 percent. At the same time, copper would be charged a royalty of 5 percent and… Continue
Added by GOXI on November 30, 2010 at 22:18 —
Added by GOXI on November 25, 2010 at 14:31 —
The dominance of Chinese firms in exploration of geothermal energy in Kenya is set to end as East Africa’s largest economy rolls out an aggressive programme to acquire its own rigs and to develop expertise.
has become a leading global hotspot in geothermal exploration as the government continues to invest heavily in clean energy to both reduce its over-reliance on hydroelectricity and diesel powered plants.
companies in the past five years have won most… Continue
Added by GOXI on November 25, 2010 at 14:00 —
Crude oil deliveries for Nigeria’s benchmark Bonny Light grade will be affected in November through to January, following the force… Continue
Added by GOXI on November 25, 2010 at 13:57 —
Added by GOXI on November 25, 2010 at 4:23 —
an EITI Report in the most resource-rich region in the world, the Middle East. To publish this report, the stakeholders in Yemen are making a significant stride in addressing the distrust and tension that has characterised the oil sector. The EITI in Yemen is building a platform for a better future for the management of its oil”.
Added by GOXI on November 23, 2010 at 18:43 —
The president of… Continue
Added by GOXI on November 17, 2010 at 18:00 —
Lagos — Nigeria has recorded further reduction in its crude oil… Continue
Added by GOXI on November 17, 2010 at 0:58 —
Nigeria's Movement for the Emancipation of the Niger Delta (Mend) has claimed responsibility for the kidnapping of seven oil workers in a raid on… Continue
Added by GOXI on November 17, 2010 at 0:50 —
By Peter Matambanadzo
A high-powered delegation of diamond investors from more than 24 companies and two banks who are members of the Antwerp World Diamond Centre and International Diamond Trade in Belgium is expected in Zimbabwe next week.
The delegation comprises the Antwerp Diamond Bank, the State Bank of India and officials from 24 renowned diamond companies AWDC representatives.
They will hold talks with Mines and Mining Development…
Added by GOXI on November 10, 2010 at 19:38 —
The chairman of the Parliamentary Select
Committee on Energy and Mines, Moses Asaga, and the lead geologist of
the Ghana National Petroleum Corporation Lawrence Apaalse have advised
Ghanaian women to forget about looking for jobs in the oil and gas
sector because they are unsuited for the rigours of the job.
Speaking at a round table on gender and the petroleum industry on
Wednesday, October 27, Mr. Asaga, who is also MP for Nabdam,… Continue
Added by GOXI on November 10, 2010 at 3:43 —
Added by GOXI on November 3, 2010 at 14:30 —
Below is mineweb's summary of the ernst & young report: http://www.ey.com/CA/en/Newsroom/News-releases/2010-Mining-fraud
An Ernst & Young report made public Tuesday asserts, "The global financial crisis has weakened mining and… Continue
Added by GOXI on November 3, 2010 at 14:13 —
The EITI Board agreed at its meeting in Dar es Salaam on 20 October to nominate Clare Short as its candidate for the next EITI Chair to its Global Membership Meeting on 1 March 2011.
For further information, contact the Head of the EITI Secretariat, Jonas Moberg.
Added by GOXI on November 3, 2010 at 13:25 —
Togo has been admitted as a Candidate country within the Extractive Industries Transparency Initiative (EITI), the global standard for improved transparency in the
oil, gas and mining sector. The EITI Board approved Togo candidacy application at a meeting on 19 October in Dar-es-Salaam, Tanzania.
In implementing the EITI, the government of Togo commits to…
Added by GOXI on November 3, 2010 at 13:08 —
By Michael J. Kavanagh and Jesse Riseborough… Continue
Added by GOXI on November 1, 2010 at 0:00 —