Nigeria’s unfavourable environment and economic recession may keep $50 billion oil fund trapped in reserves

Oil refinery Enablers needed to push ExxonMobil to monetise fund The Federal Government has been going cap-in-hand begging for loans around the world, without making much success because of the global financial crunch. Besides, Nigeria’s economic recession make such venture even less viable, even as the country needs to spend its way out of this […]

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Map shakes up views on fracking

The US Geological Survey map shows the potential for damage from natural or human-induced earthquakes this year. Earthquakes are a natural hazard – except when they’re man-made. The oil and gas industry has aggressively adopted the technique known as hydraulic fracturing, or fracking, to shatter subsurface shale rock and liberate the oil and gas lurking […]

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