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PXP Energy invokes 'force majeure' in suspended Recto Bank exploration – Manila Bulletin

Pangilinan-led PXP Energy Corporation has affirmed declaration of force majeure on its programmed exploration activities at petroleum blocks in diplomatically-contested domains, including Recto Bank at the West Philippine Sea (WPS), following a recent order by the Department of Energy suspending its ....

Recto Bank , Department Of Energy , Peace Coordinating Council , Service Contracts Scs , Energy Corporation , West Philippine Sea , Service Contracts , West Philippine ,

Battling Opacity in Extractive Sector


If anything, the extractive industries in Nigeria, have always donned the toga of being some of the least open in the world. Emmanuel Addeh writes that with the ongoing efforts of the Nigeria Extractive Industries Transparency Initiative, which appears to be pushing the frontiers of transparency in the sector, a lot appears to be changing.
It would be stating the obvious to say that Nigeria has a poor track record when it comes to operations in the oil and gas as well as the country’s mining industries.
Indeed, whether in the award of oil blocks, exploratory activities or even in basic matters like how many litres of petrol the country consumes daily, it is mostly discussed in hushed tones, with various agencies of government releasing conflicting figures. ....

Sao Tome , Sao Tome And Principe , Nigeria General , Abuja Federal Capital Territory , Ogbonnaya Orji , Apollonia Okigbo , Zainab Ahmed , Obiageli Ezekwesili , Muhammadu Buhari , Emmanuel Addeh , Olusegun Obasanjo , Revenue Service , Mines Inspectorate Department , Stakeholder Group , International Development , Radio Corporation Of Nigeria , Office Of The Accountant , Network On Contract Transparency , Petroleum Industry Bill , Extractive Industries Transparency Initiative , Government Of The Federation , United Nations Development Programme , Nigeria Extractive Industries Transparency Initiative , Malabu Oil Production Licence , Nigerian National Petroleum Corporation , Service Contracts Scs ,