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Decklar Resources Inc Announces Share Purchase Agreement to Participate in Asaramatoru Oil Field in OML 11 in Nigeria and Update on Unit Offering
investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
Decklar Resources Inc Announces Share Purchase Agreement to Participate in Asaramatoru Oil Field in OML 11 in Nigeria and Update on Unit Offering
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Oil spillThe thorny issue of oil spillage and the debates around it are as old as when Nigeria began crude oil exploration in the Niger Delta region. But it was the 1970 oil spill in Ogoniland, which led to a £26m fine against Shell in Nigeria that eventually put the country in the eye of the storm globally. Many judgments have since been delivered against oil companies, the Nigerian government and/or their representatives and supervising agencies for the degradation of oil-bearing communities and losses of lives and property.
However, the phenomenon has failed to abate, as the Federal Government, between 1970 and 2000, reported about 7000 spills. Given the country’s weak regulatory oversight, as well as poor data gathering capacity, statistics of data spill is, according to many experts, inaccurate and mainly underreported. Amnesty International had reported that since 2014, Eni alone had about 820 spills in the Niger Delta accounting for about 4.1 million litres. Also, since 20
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