Tuesday, September 25, 2018

Tag "Chevron"

    INVESTIGATION: How Ondo community was left at the mercy of the sea after N6.2bn shore protection contract

INVESTIGATION: How Ondo community was left at the mercy of the sea after N6.2bn shore protection contract

On December 15, 2004, four years after the establishment of the Niger Delta Development Commission (NDDC), the shore protection works for Ayetoro, a coastal community in Ilaje local government area of Ondo state, designed with a geotube technology which is the first of its kind in Africa, was awarded by the commission but later re-awarded in 2009 after the project [...]

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    Nigeria to begin payment of $5.1bn debt to IOCs

Nigeria to begin payment of $5.1bn debt to IOCs

The federal government says that it would begin payment of a $5.1 billion debt owed to five international oil companies (IOCs) by the end of April.The debt, which was incurred from 2010 to 2015 due to Nigeria’s inability to make its share of capital contributions to the joint ventures, will be settled through crude sales over five years and will [...]

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    NUPENG threatens to embark on industrial action

NUPENG threatens to embark on industrial action

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) says it will embark on a three-day warning strike if oil and gas companies fail to address workers’ welfare.Igwe Achese, president of the union, disclosed this in a statement signed in Lagos.Achese said the union had given the federal government a 21-day ultimatum to intervene in labour issues involving multinationals [...]

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    Nigeria gets $1bn off its JV debts, to pay IOCs $5bn worth of oil in 5 years

Nigeria gets $1bn off its JV debts, to pay IOCs $5bn worth of oil in 5 years

International oil companies (IOCs) operating in Nigeria have agreed to cut $1 billion off Nigeria's joint venture debts accrued over the past six years.The companies, which are Chevron, Total, Eni, ExxonMobil and Shell reached an outline settlement to resolve the debt, which has been a contentious issue in the country oil sector.According to Financial Times, the debt, which was estimated at [...]

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    Avengers ‘blow up’ Chevron’s Escravos export pipeline

Avengers ‘blow up’ Chevron’s Escravos export pipeline

Niger Delta Avengers, a militant group, has announced an attack on a pipeline installation owned by Chevron.The group, which has not carried out any bombing attack for the past few months, announced the attack on its website Tuesday morning.Avengers also warned that no repairs should be carried out on the attacked installation until the dialogue with the Niger Delta people [...]

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    Avengers continue bombing campaign, ‘blow up’ Chevron pipelines

Avengers continue bombing campaign, ‘blow up’ Chevron pipelines

The Niger Delta Avengers (NDA) has blown up two pipelines belonging to Chevron.Mudoch Agbinibo, spokesman of the group, disclosed this in a terse statement on Wednesday night."Between the hours of 10:50pm to 11:10pm our (Niger Delta Avengers) strike team blew up Chevron Manifolds. The manifolds are RMP 22, 23 and 24. Happy Eid Mubarak to our Muslim Brothers," Agbinibo said [...]

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    Avengers ‘hit’ NNPC, Chevron pipelines

Avengers ‘hit’ NNPC, Chevron pipelines

The Niger Delta Avengers (NDA), the militant group leading the attacks on oil installations, has blown up pipelines belonging to Chevron and the Nigerian National Petroleum Corporation (NNPC).Mudoch Agbinibo, spokesman of the group, disclosed this in a brief statement."At 10pm Niger Delta Avengers blew up Chevron Well 10 close to Otunana flow station," he said."Other attacks were carried out at [...]

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    Avengers resume hostilities, blow up 5 pipelines

Avengers resume hostilities, blow up 5 pipelines

Two weeks after the Niger Delta Avengers (NDA) entered into a ceasefire agreement with the federal government, the group has resumed attacks on oil installations.Initially, the militants denied having any agreement with the government in spite of the withdrawal of troops from the Niger Delta region to give room for dialogue.When they eventually accepted dialogue, the group gave their demands, [...]

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    Avengers launch fresh attack on Chevron, say ‘we don’t want dialogue’

Avengers launch fresh attack on Chevron, say ‘we don’t want dialogue’

The Niger Delta Avengers have blown up another pipeline of Chevron Nigeria Limited in Delta state.The militants confirmed this on Twitter, saying they would not enter into any agreement with the federal government."At 1:00am today, the @NDAvengers blow up Well RMP 20 belonging to Chevron located 20 meters away from Dibi flow Station in Warri North local government area,”the militants tweeted.“This [...]

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    Niger Delta Avengers claim fresh attack on Chevron’s facility

Niger Delta Avengers claim fresh attack on Chevron’s facility

The Niger Delta Avengers say they have, again, blown up an oil well belonging to Chevron.The group tweeted this on Wednesday morning."With the heavy presence of 100 Gunboats, 4 Warships and Jet Bombers NDA blew up Chevron Oil Well RMP 23 and RMP 24 3:44am this Morning," the group said via its twitter handle @NDAvengers.With the heavy presence of 100 [...]

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    Again, Avengers hit Chevron’s facility

Again, Avengers hit Chevron’s facility

The Niger Delta Avengers (NDA) has blown up Chevron's main pipeline that supplies gas and provides electricity to the Escravos tank farm in Delta.The militant group, which has claimed responsibility for most of the attacks in the region, confirmed the attack via its twitter handle, @NDAvengers."We Warned #Chevron but they didn't Listen. @NDAvengers has just blown up the Escravos tank farm Main Electricity Feed [...]

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    JTF releases detained Chevron staff

JTF releases detained Chevron staff

The joint task force (JTF) in the Niger Delta has released the contract staff of Chevron Nigeria Limited (CNL) who were arrested over the attacks on oil installations in the region.The staff identified as Kelvin Mordi, Samuel Emiko, Henry Arogboritse, Isaac Edemde, and Alfred Timede were reportedly picked up in Warri South West local government area of Delta state while [...]

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    Pipeline bombings: JTF arrests ‘5 Chevron staff’

Pipeline bombings: JTF arrests ‘5 Chevron staff’

The joint task force (JTF) in the Niger Delta has arrested five staff of Chevron Nigeria Limited in connection with the recent pipeline bombings in the region.The staff identified as Kelvin Mordi, Samuel Emiko, Henry Arogboritse, Isaac Edemde, and Alfred Timede were reportedly picked up in Warri South West local government area of Delta state while on patrol of oil [...]

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    Nigeria’s oil output plunges to 22-year low

Nigeria’s oil output plunges to 22-year low

Following the attack on Chevron Corp’s Okan oil facility, Nigeria’s oil output levels have officially fallen to 22-year low.According to Chevron, the new damage on its facility has reduced its production levels by 90,000 barrels a day.The company said the attack on an offshore platform that serves as a gathering point for production from several fields will affect its production [...]

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    Militants hit Chevron, NNPC pipelines

Militants hit Chevron, NNPC pipelines

Fresh attacks have been recorded at the Nigerian National Petroleum Corporation (NNPC) crude trunkline supplying both the Warri and Kaduna refineries.An oil flow station feeding the Chevron Tank farm in Warri south west local government area of Delta state, was also attacked, in addition to a gas line that feeds Lagos and Abuja electricity plants.The NNPC pipeline had just been repaired [...]

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    We are open to dialogue, FG tells militants

We are open to dialogue, FG tells militants

The federal government has condemned the attack on Chevron Valve Platform in Warri South-West Local government area of Delta state, saying it is open to dialogue.A group known as the Niger Delta Avengers (NDA) claimed responsibility for the attack, threatening to cripple the nation’s economy if the government does not respond to its demand.Addressing journalists in Abuja on Friday, Paul [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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