Nigeria

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Continued low oil prices keep the leaders of many oil-producing states awake at night, but few feel the pressure as keenly as Nigerian authorities. Dienzani Alison-Madueke, Nigeria’s oil minister and current OPEC president, pled for an emergency meeting to discuss oil production cuts last month. Though such a meeting is unlikely to occur, Alison-Madueke’s proposed… Keep reading →

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Merry go round. Credit Shutterstock According to research by the Cologne Institute for Economic Research (Institut der Deutschen Wirtschaft Koeln) energy imports should not be “understood as a threat to the security of energy supply and an economic disadvantage” per se. The study – “Does Dependency Equal Vulnerability? Energy Imports in Germany and Europe” commissioned… Keep reading →

President, First Lady Attend Ceremony Debuting White House Christmas Tree

Ed. note: This is a weekly column by Elie Mystal, Managing Editor of Above the Law Redline. This space will focus on the laws that exist, should exist, and should be put out of their misery. OVER-REGULATED: Talking Rivers: East Run Hellbenders Society, an environmental organization, motioned to join an ongoing lawsuit in Pennsylvania on… Keep reading →

Greenland:  A Laboratory For The Symptoms Of Global Warming

Ed. note: This is a new weekly column by Elie Mystal, Managing Editor of Above the Law Redline. This space will focus on the laws that exist, should exist, and should be put out of their misery. OVER-REGULATED Chinese Diplomacy: Let me get this straight: our new “deal” with China involves the U.S. agreeing to… Keep reading →

Life In One Of South Africas Oldest Townships

Many in developed economies often think and speak about Africa in a one size fits all context, and of course nothing could be further from the truth. The vast continent is a diverse tapestry of sovereign nations with varied geography, demographics, religions and energy-related challenges. One challenge many countries share with regard to energy, however,… Keep reading →

Greenspan Warns Of Danger Of High Natural Gas Prices

Ukraine’s deadline for paying its Russian natural gas debt – roughly $2 billion owed to Gazprom – expired last night. Gazprom has said it will shut off gas supplies at 10:00 Moscow time June 3rd, meaning European nations receiving gas via pipelines that transit Ukraine could also be cut off. [Radio Free Europe] The Nigerian… Keep reading →

Banda Aceh Struggles After Devastating Quake

Oil theft in Nigeria caused Shell to recently declare force majeure on its Forcados crude grade and continued sabotage could decrease May exports to the lowest levels in five years, which would make Angola the largest African oil exporter by volume. [Sweet Crude Reports] The long-awaited EPA rule to restrict carbon emissions from existing power… Keep reading →

nigeria

Energy is the backbone of any growing economy, which justifies the heavy reliance of the world economies on it. According to Alam (2006), “energy is the indispensable force driving all economic activities”.  In other words, energy consumption is a prerequisite for economic growth and overall development. The energy composition of a country is equally important… Keep reading →

Nigerian Workers Construct Petrol Tankers

We featured it in today’s “News Roundup,” but the articulate and impassioned Financial Times editorial calling for reform of Nigeria’s national oil company – NNPC – is worth repeating. For a country so well endowed with natural resources, its overall energy situation is arguably in shambles. Despite ample refining capacity, the country is forced to… Keep reading →

UK Pound Rises Above Two Dollars

China Investment Corp. has been selling shares in energy companies, including AES Corp., a US utility, as it seeks to limit energy market volatility risk. “CIC, which purchased billions of dollars in resources-related holdings between 2009 and the first half of 2012, is closely watched by investors world-wide for signals on where China is steering… Keep reading →

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