ENVIRONMENT

The Movement for the Survival of the Ogoni People (MOSOP) has rejected the newly constituted Governing Council and Board of Trustees of the Hydro-Carbon Pollution Remediation Project, saying it is lopsided and lacks credibility. MOSOP also issued a 14-day ultimatum to the President, Muhammadu Buhari to reverse the decision in order to enjoy the support of the Ogoni people in ...

…..by James Ikenna…..,. ……. gets regulator, investors commendation on strides….. Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), is strongly committed to deploying resources and expertise to create and deliver sustainable value to meet the expectations of its various ...

……….As NNPC Loses 200k Barrels of Oil Daily………. The Chief of Defence Staff, Major General Lucky Irabor, has promised to galvanize the military to provide maximum security for the nation’s oil and gas assets. The CDS gave the commitment Wednesday at a meeting with the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, and his ...

China’s 146 million metric tonnes of carbon emissions from 14.6 barrels per day oil consumption has now equal Nigeria’s annual emissions and that of Qatar. The most recent projections show that China’s oil consumption will likely peak at 740 million tons or 14.9 million barrels per day. It is said that burning that much extra oil could add 110 million ...

The Environmental Rights Action/Friends of the Earth Nigeria welcomes the recent judgement by the Netherlands court of appeal that held Shell liable for the oil spills it caused across Nigeria’s coastal communities of the Niger Delta in 2008. Recall that in 2008, four Nigerian farmers from Ikot Ada Udo, Oruma and Goi in the Niger Delta supported by the Environmental ...

Can oil companies profitably transform themselves into low carbon, green enterprises? That is a big question for investors. We have already noted that green investments because of their lower risk profile earn lower returns than those to which oil investors and managements have become accustomed. Also oil companies bring no particular edge in renewable investment with the possible exception of ...

……..by James Ikenna….. Chevron Nigeria Limited (CNL) has denied being responsible for the oil spill in Bayelsa State. The company says it has not recorded any crude oil spillage in its facilities in the State. This is coming amid reports that a facility reportedly operated by Chevron at Koluama 1 community of Southern Ijaw Local Government of Bayelsa State has ...

Chevron is investing in a California startup that captures carbon dioxide from factories and converts the greenhouse gas into gravel and other building materials. Chevron said it has invested in Blue Planet Systems Corp, a startup that manufactures and develops carbon capture technology to reduce carbon footprint. “This investment is made through our Future Energy Fund which focuses on startups ...

The Bauchi office of the Department of Petroleum Resources (DPR) has embarked on a one-week sensitisation tour of filling stations and existing Liquefied Petroleum Gas plants (LPGs) on strict adherence to safety measures during the harmatan season. Malam Abdullahi Iliyasu, the operation controller of the department, made this known in Bauchi on Tuesday. He said the exercise would sensitise operators ...

The Artisan Fishermen Association of Nigeria has called on the Federal Government to prevail on Shell Nigeria Exploration and Production Company to pay the $3.6bn fine imposed on it by an industry regulator over the 2011 Bonga oilfield spill incident. In a related development, the Environmental Rights Action/Friends of the Earth Nigeria has raised the alarm that Conoil Plc has ...