Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



ENERGY TECH
Nigeria kidnaps sharpen fears of oil war

by Staff Writers
Port Harcourt, Nigeria (UPI) Nov 10, 2010
The kidnapping of five Western technicians on an offshore oil platform in Nigerian waters has heightened concern that the West African state's all-important oil industry is again under attack by tribal insurgents.

Monday's abduction, in which two other oil workers were shot and wounded, was the work of the Movement for the Emancipation of the Niger Delta, the principal insurgent group.

MEND warned Monday that it planned more attacks on oil installations in the southern Niger Delta, the heart of Nigeria's oil industry, which accounts for 90 percent of state revenues. The insurgents gave foreign oil companies 72 hours to get out "or face the consequences."

Since they launched the insurgency in 2006, they have slashed Nigeria's oil production by 40 percent, a level of losses the country cannot afford.

In Monday's dawn attack, gunmen in four boats stormed the High Island 7oil platform contracted to the British-owned Afren Oil Services Co. located in the Okron field 7 miles off Nigeria's southern Akwa Ibom state.

Their captives were identified as two Frenchmen, two Americans and a Canadian.

The kidnappings followed several months of sporadic insurgent attacks amid the collapse of a 2009 government peace initiative.

The most serious of the recent attacks was a double car-bombing in Abuja Oct. 1, Nigeria's Independence Day, that killed 12 people. The bombings and Monday's kidnappings marked a sharp escalation in MEND operations just as oil production was shown signs of recovery.

It currently stands at 2.1 million barrels per day. If the violence continues, Nigerian exports to the United States could be hit.

The United States imported 942,000 bpd in August, the U.S. Energy Department says, making Nigeria America's fifth largest supplier of oil.

The swelling violence coincides with political turmoil triggered by an upcoming presidential election and Muslim-Christian massacres in central Nigeria.

Nationwide turbulence on that scale could scare off foreign companies seeking to invest in Nigeria's oil wealth. Several longtime foreign operators such as Royal Dutch Shell, Chevron of the United States and Eni of Italy are selling some joint-venture licenses because of the security crisis.

On Sept. 22, armed pirates clashed with the Nigerian navy off the Niger Delta in a failed bid to take over an offshore platform operated by Addax Petroleum, a subsidiary of China's state-owned Sinopec Group.

The gunmen kidnapped three French employees and a Thai from a support ship. They are still being held, presumably for ransom.

The pirates who operate in the delta's mangrove swamps and creeks and off the southern coast, have frequently seized tanker for their cargoes. They often work with insurgent groups that are engaged in the wholesale theft of crude oil from pipelines and terminals.

Shortly before the government launched an amnesty program in June 2009 in a bid to end the insurgency, the government said it was losing around $1 billion a year in stolen oil.

The activities of the militants and the pirates "have grown into a multibillion-dollar racket with tentacles reaching far into state institutions and criminal connections that stretch from Abidjan to Odessa," the Financial Times reported in July 2009.

All this has stunted fresh exploration in one of Africa's main oil producers. As output has declined, so have the funds the corruption-plagued government needs to maintain the national infrastructure -- and its patronage system.

Plans to reform the oil industry, aimed at attracting an estimated $50 billion in investment, mainly by foreign companies, and boosting state revenues have been repeatedly thwarted.

The companies already in Nigeria, such as Shell and Chevron, don't want to be pushed into a closer relationship with the Nigerian National Petroleum Corp., described by the Financial Times as a "basket case," that would cut their profits.

Thousands of MEND fighters surrendered weapons under the government amnesty declared in June 2009. But the peace initiative began falling apart when the architect of the peace effort, President Umaru Yar'Adua, was stricken by illness in 2009.

Yar'Adua, a northern Muslim, later died. His successor, Goodluck Jonathan, a southern Christian, hasn't been able to revive the crumbling initiative.

He is now locked in a bitter power struggle with northern political barons over the presidential election scheduled for early 2011.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Powering The World in the 21st Century at Energy-Daily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY TECH
Japan coastguard employee admits collision video leak
Tokyo (AFP) Nov 10, 2010
A Japan coastguard employee has admitted leaking a video on sharing website YouTube showing a high-seas collision near disputed islands that sparked a row with China, officials said Wednesday. The move came after Japanese prosecutors seized user records from the video sharing site owned by search giant Google on Tuesday in a probe into the leak that risked inflaming the already bitter feud b ... read more







ENERGY TECH
EU wants $1.4 trillion for energy overhaul

Obama inks energy agreements in India

EU unveils trillion-euro single energy market

Hopes for Obama's wave of green jobs fades to gray

ENERGY TECH
Smart grid improvements ahead

U.K. defense cuts fuel Falklands debate

Nigeria kidnaps sharpen fears of oil war

Nabucco supply deals imminent, RWE says

ENERGY TECH
Global Warming Reduces Available Wind Energy

South Korea plans offshore wind project

Buoyant Times Ahead For Offshore Resource Assessments

Suzlon eyes China's wind power market

ENERGY TECH
Johnson Controls To Install PV Arrays At 73 Utah Schools

Skyline Solar Awarded Two Additional Green Patents From The USPTO

RICOH USA Goes Solar

iSuppli Boosts 2010 Solar Installation Forecast

ENERGY TECH
S.Africa turns apartheid-era nukes into medicine

Nuclear deal between Russia, Australia goes into force

German nuclear waste arrives after mass protests

'We're staying here': nuclear activists defiant to the end

ENERGY TECH
Study: Biofuel not the answer for EU

OriginOil Achieves Hydrogen Production Comparable To Photovoltaics

Growing Sorghum For Biofuel

Pennycress Could Go From Nuisance Weed To New Source Of Biofuel

ENERGY TECH
Tiangong Space Lab Spurs China Space PR Blitz

China Announces Success Of Chang'e-2 Lunar Probe Mission

China launching spacecraft at record rate

China Goes To Mars

ENERGY TECH
US issues guidelines for cutting greenhouse gas emissions

US eyes action on climate, terrorism, trade at EU summit

Climate progress possible in Cancun despite problems: UN

US scientists to speak out on climate change


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement