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"Keep the Oil in the Soil": Ecuador Seeks Money to Keep Untapped Oil Resources Underground
Exxon Said to Pay $4 Billion for Stake in African Field - NYTimes.com
"While major companies like Exxon have focused on developing large oil and gas projects, much of the riskier and more prospective exploration has been undertaken by smaller, independent producers like Anadarko Petroleum, Tullow Oil and Kosmos. "
The demise of the dollar - Business News, Business - The Independent
The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.
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The plans, confirmed to The Independent by both Gulf Arab and Chinese banking
sources in Hong Kong, may help to explain the sudden rise in gold prices,
but it also augurs an extraordinary transition from dollar markets within
nine years.
International Crisis Group - B65 Tchad: sortir du piège pétrolier
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Add Sticky Noteoil has become a means for the regime to strengthen its armed forces, reward its cronies and co-opt members of the political class. This has further limited political space for the opposition and helped keep the country in a state of political paralysis that has stoked the antagonism between the regime and its opponents. As a result, there is recurrent political instability that is likely to ruin all efforts to use oil for the benefit of the country and its enduring stability. For the people who have not seen their lives improve and who are subjected to increased corruption, oil is far from a blessing. Given the current situation, the following measures should be taken to extricate Chad and its external partners from the petroleum trap:
- This report attempts simply to assign the "oil curse" appellation to Chad, as well as to promote the same institutional changes that were supposed to be in the original projects. Instead, one should ask: Why is oil flowing well while the country continues to implode? Why is this situation very similar to the history of the Niger Delta? - on 2009-10-05
Oilfield Jobs. Oil & Gas Jobs, Oilfield Employment Tips
Information and resources about oil rig jobs offshore and on land rigs.
BBC NEWS | Africa | Shell to appeal Nigerian eviction
Royal Dutch Shell has appealed a Nigerian court order requiring it hand over the site of a key base in the oil-rich but impoverished Niger Delta.
A high court in Rivers State ruled in July that the site of the Bonny lifting terminal belonged to the local community, not the oil multinational.
BBC NEWS | Africa | 'Blood oil' dripping from Nigeria
Under cover of night dozens of barges queue up to dock at a jetty in a creek somewhere in Nigeria's oil-rich Niger Delta.
Their holds are filled with stolen oil running from valves illegally installed into a pipeline.
![An illegal tap put in a pipeline [photo courtesy of legaloil.com]](http://newsimg.bbc.co.uk/media/images/44857000/jpg/_44857863_legaloil_valve_226.jpg)
Africa: The Next Victim in Our Quest for Cheap Oil | ForeignPolicy | AlterNet
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What have you learned from your experience on the book?
MW: I have learned several things. The first is that oil is not always a curse, meaning that oil dependency does not always produce poverty or conflict or corruption. It did not in Norway or the U.K. But vast oil wealth captured by oil-producing governments always places the question of how that wealth is to be allocated and spent at the center. If oil is inserted into a corrupt federal system, then the combination of non-transparent Big Oil and authoritarian Big Government produces a perfect storm of violence, corruption, ecological destruction and poverty. And this storm will have a huge blowback.
Petrobras to pump Nigerian oil field
Brazilian state oil company Petrobras will start pumping oil from a Nigerian field on July 21, company officials said on Saturday.
The oil crisis in global context
the context is dramatically different from that of the economic crisis of the '70s. Today, there is no crisis of balance of payment (so far) and there is lots of foreign exchange reserves. There are vibrant domestic markets in India and China. In fact, the growth is sustained by the economic growth in Asia.
Harvard Political Review - Oil and Development in Africa
The Chad-Cameroon pipeline, a World Bank-sponsored project aimed at bringing Chadian oil to Cameroon ’s Atlantic ports, represents successful cooperation between governments, oil companies, NGOs, and international monetary bodies. If oil-rich African states continue to forge such partnerships, the chances of cashing in on the development potential of mineral wealth will be greatly increased.
BBC NEWS | Africa | Chad's oil watchdog 'powerless'
A committee set up to oversee oil revenues in Chad has protested about lack of resources from the government and oil company involved.
The central African state became an oil producer last year.
The committee was set up under a World Bank plan to tr
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a senior member said neither Exxon Mobil - which has built a pipeline to export the crude - nor the government were providing sufficient information.
A rather staid anti-corruption conference in London came alive when Therese Mekombe, vice-president of the Chadian oversight committee, got up to speak. -
He said the Chadian economy was set to grow by more than 20% a year as a result of oil revenues.
But Mrs Mekombe continued to paint a negative picture of both the oil company and the Chadian government.
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