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Tag Archives: Africa

The Latest: Nigeria senate president linked to offshore case

The Latest: Nigeria senate president linked to offshore case

LONDON (AP) — The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local): 1:05 p.m. Nigeria’s Premium Times newspaper is reporting that the country’s senate president, the third highest-ranking politician in Africa’s biggest oil producer, owns at least two offshore accounts that he tried ...

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Bomb attacks on pipelines cause massive oil spill in Nigeria

Bomb attacks on pipelines cause massive oil spill in Nigeria

WARRI, Nigeria — Multiple bombings of Agip oil pipelines have caused thousands of barrels of oil to pollute waterways, farms and fishing grounds in Nigeria’s southern Bayelsa state, residents said Monday. Oil flowed unchecked for two days, according to fishermen who complained that a clean-up has not yet started. A spokesman for Italian parent company ENI said 16,000 barrels of ...

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Editorial: WSJ on Obama’s endorsement of a new pipeline

TransCanada to file 2 legal challenges to Keystone rejection

The Wall Street Journal on the Obama Administration supporting a new oil pipeline project in Africa. Jan. 10 TransCanada took Uncle Sam to court last week to reclaim some of the damage done by the Obama Administration’s multiyear, drawn-out rejection of the Keystone XL pipeline. It may not come up in the litigation, but someone should point out that the ...

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Africa’s squandered commodity boom erodes U.S. trade promise

JOHANNESBURG/DAKAR – A fresh U.S. trade pact could provide relief to African economies buffeted by the commodities slump but a failure to reform during the boom years has left many countries unable to profit from tariff-free access to the world’s largest market. In an effort to boost trade under the African Growth and Opportunity Act (AGOA), renewed by Congress for ...

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Music artist Akon to open first-ever “Solar Academy” this summer

The world famous Senegalese-American Akon may be more known for his music status than his involvement in renewable energy. But, the singer and songwriter is doing powerful things through his Akon Lighting Africa initiative. Last week, the organization announced that it aims to help provide aid to some of the 600 million Africans who lack access to electricity. According to a ...

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Low oil prices mean a slump in Nigerian oil thefts

The Niger Delta area in Nigeria has been a catastrophic region for environmental pollution and oil piracy. But, as the oil market continues on with its slumping prices, stealing crude oil for illegal refining is less profitable, and the country is experiencing a decrease in crude oil crime. According to a recent Wall Street Journal report, just months ago, hundreds ...

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Venezuela’s loss is Africa’s gain in Latam crude game

HOUSTON – Shrinking crude exports from Venezuela to its neighbors has allowed African oil producers to gain a foothold among Latin American buyers, according to traders and data, and sales to one of the world’s few regions with strong demand will keep growing. Only months ago, African producers were scrambling to find new clients in the Western Hemisphere, having largely ...

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Former Puebloan takes on Ebola

The deadly Ebola outbreak in West Africa likely won’t be ending soon, said a former Puebloan who recently spent a month working in the virus-plagued Sierra Leone. “It’s probably going to get bigger before it gets smaller,” Brian Amman, an ecologist with the Centers for Disease Control and Prevention in Atlanta said in a recent interview. Amman, 50, returned to ...

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Fracking is saving Americans billions of dollars

A recent report commissioned by the American Petroleum Institute states that hydraulic fracturing saved Americans roughly $250 billion last year. The report was part of a move to combat various regulations that are meant to restrict fracking activity. The study examined past fuel prices and production data and weighed it against what the market would be like without hydraulic fracturing. ...

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Lower global demand, U.S. LNG supply could delay other export projects: report

Lower expected demand combined with U.S. projects in the works to export liquefied natural gas could delay other LNG export projects in Canada, Australia and Africa, according to a report from Goldman Sachs Corp. “Several projects in Canada and Australia will likely face final investment decision deferrals due to high and uncertain costs, and price-sensitive buyers,” the firm said last ...

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