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(AFRICAN EXAMINER) – The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed the purported takeover of Kidney Island asset of the SPDC Joint Venture in Port Harcourt by the Rivers State Government in the exercise of rights purportedly acquired through a court auction process that is still the subject of ongoing appeals at the Court of Appeal sitting in Port Harcourt.
According to SPDC, any purported exercise of rights allegedly acquired through that process including any attempt to take over or seal up the Kidney Island asset or other assets of the SPDC JV to satisfy claims in pending suits is premature and prejudicial to the ongoing court proceedings, and therefore not recognised.
[PRESS RELEASE]: SPDC s position of purported takeover of SPDC JV s Kidney Island and SPDC s interest in OML 11 by Rivers State Government
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The natural gas storage report from the EIA for the week ending December 11th indicated that the quantity of natural gas held in underground storage in the US had decreased by 122 billion cubic feet to 3,726 billion cubic feet by the end of the week, which left our gas supplies 284 billion cubic feet, or still 8.3% higher than the 3,442 billion cubic feet that were in storage on December 11th of last year, and 243 billion cubic feet, or 7.0% above the five-year average of 3,483 billion cubic feet of natural gas that have been in storage as of the 11th of December in recent years..the 122 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast from an S&P Global Platts survey of analysts who had expected a 127 billion cubic foot withdrawal, but was higher than the average withdrawal of 105 billion cubic feet of natural gas that have typically been pulled out of natural gas storage during the same week over the past 5 years, and the
Next Einstein Forum announces 2019-2021 class of NEF Fellows 22nd Dec 2020 | Source: African Media Agency
The NEF Fellows program recognises Africa’s best young scientists and technologists. These innovators and emerging leaders, all under 42 years, at least 40 percent of whom are women, are chosen for their strong scientific record, the relevance of research or innovation, and potential for leadership. Meet the 2019-2021 class of NEF Fellows unveiled during the just concluded virtual edition of the NEF Global Gathering (NEF-GG) 2020. Selected from across Africa and the Diaspora, their areas of research range from medicine, cancer prevention, public health to urban life, environmental conservation, and sustainable development.
Chineme Okafor writes about a new legal action by community leaders in Niger Delta who want their environmental challenges addressed before fresh licences can be handed out for the 57 marginal oil blocks up for grabs in a new licensing round
A number of community leaders in the oil-bearing Niger Delta region have expressed worries over the damages irresponsible oil mining has done on their lives and environment over the years, and now want these addressed before new licenses would be issued in Nigeria’s ongoing marginal oil fields bid round.
They stated this in a lawsuit they filed at the Federal High Court (FHC) in Yenagoa, capital of Bayelsa state.
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