Posts Tagged ‘Oil Exploration’

$3b down the drain, No Oil in the North

Stakeholders remain divided about the wisdom in the continued search for hydrocarbon resources in the north, especially as $3 billion has already been sunk without making a commercial find. While those in favour of the search disregard the economic waste, but are encouraged by the success of oil finds in neighbouring countries like Niger, Chad […]

Niger Delta Avengers Cripples Nigeria’s Oil Capacity, Lowest in 20 Years

Nigeria is suffering a worsening bout of oil disruption that has pushed production to the lowest in 20 years, as attacks against facilities in the energy-rich but impoverished nation increase in number and audacity. Chevron Corp. shut down about 90,000 barrels a day of output following an attack on a joint-venture offshore platform that serves […]

No Oil In Chad Basin, Oil Exploration in Basin a Fraud – Senator Shehu Sani

Shehu Sani, Chairman, Senate Committee on foreign and domestic debts has said that; “The north will never discover oil in the Chad basin of Nigeria” even after it has wasted $3 billion, approximately (N900 billion) in oil exploration in the basin. Senator Sani disclosed this when members of Kaduna State Students Union paid him a courtesy call […]

It is Laughable That Buhari Budgeted N39.4 Billion For Oil Exploration in The Desert – PDP Chieftain

A Peoples Democratic Party chieftain in Delta State, Chief Sunny Onuesoke has faulted President Muhammadu Buhari’s allocation of N39.4 billion for oil exploration in the the northern part of Nigeria. Chief Sunny Onuesoke said the provision in 2016 budget, is amazing, especially now when the West and other parts of the world are embarking on renewable […]