Contents contributed and discussions participated by Arabica Robusta
Shell Nigeria appeal dismissed in Bonny land dispute | Reuters - 0 views
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Foreign investors say Nigeria ranks among the most litigious and bureaucratic business environments in the world.
BBC News - Shell loses Nigeria Bonny Terminal land dispute - 0 views
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Three years ago, a lower court said the oil firm should pay rent to the local community for Bonny Terminal, but Shell says it bought the land outright.
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"Justice Ekembi Eko upheld that [original] judgement and said that Shell failed to convince the court that they have the certificate of occupancy on the land," Reuters news agency quotes Emmanuel Asido, one of the lawyers representing the community elders, as saying.
Shell loses Nigeria Bonny Terminal land dispute - Royal Dutch Shell plc .com - 0 views
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The oil giant Shell has lost its appeal against a ruling that it is not the rightful owner of land where it runs Nigeria’s biggest oil export terminal.
Report card: Ghana oil gets a "C" | Pipe(line)Dreams - 0 views
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the most encouraging sign was not the grades on the report card, but the presence of several officials at the event including a member of parliament, the communications director from Tullow Oil, the World Bank country director for Ghana and a Deputy Minister of Energy. Although some of the officials’ comments were perfunctory and fairly predictable, their attendance at least signaled the recognition of civil society as an important stakeholder in Ghana’s oil development.
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On transparency and citizen participation, for example, the government received “B” grades. Regarding transparency, the report states, “On the positive side, Ghana’s parliament passed the long-delayed and debated petroleum revenue management bill at the beginning of March 2011. The bill is now awaiting presidential approval. While some issues were hotly debated, there was consensus from both the majority and the minority members of parliament on all the transparency provisions. Should the bill approved by parliament become law, there will be a number of important transparency provisions.”
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Of particular concern is the lack of a legal framework for dealing with oil spills: “The institutional weakness in the environmental protection institutions was demonstrated during the investigation into mud spillage by Kosmos Energy.
Nigerian Times: Chevron Scrubs Lawsuit to Block Ecuador Award - 0 views
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Chevron filed a proposed amended complaint on Thursday that removes attorney Steven Donziger as a party to one of the counts. Donziger, however, is not too happy about the change, as it could prevent him from participating in a trial to determine whether the judgment he secured is enforceable.
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Hinton, the Ecuadoreans' spokeswoman, says that Chevron is "petrified" to face off against Donziger's lawyer, Keker, who recently won a sex-discrimination jury trial against Chevron in California.
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"To prevent Donziger from defending himself, Chevron is engaging in un-American behavior to deny due process to a litigant just like the company has tried to deny due process to thousands of its victims in Ecuador," Hinton said in a statement.
The Chevron Pit: Chevron Raises CEO John Watson's Salary As Americans Place Oil Giant I... - 0 views
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"While the Ecuadorian Plaintiffs and their counsel may be unable to take any steps to even prepare for enforcement proceedings, (a U.S. court) allows Chevron a generous window of time within which to divest itself of overseas assets that might be used to enforce the Ecuadorian Judgment," wrote Julio C. Gomez of Gomez LLC and Carlos A. Zelaya, II of F. Gerald Maples PA."
ChevronToxico | Report: The Lasting Stain of Oil - 0 views
The Chevron Pit: Chevron in the Gulf - 0 views
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Ever since BP’s disastrous oil spill, there have been no new drilling permits in the Gulf. Well, that’s changed and the first company to get a permit…drum roll please… Chevron. Never mind that they have destroyed the Ecuadorian Amazon. Never mind that they have been sued by indigenous tribes for the death and disease they have caused. Never mind that they refuse to take responsibility for their actions. They now get to try the same thing in the Gulf. Because the environment and livelihood of the region haven’t already taken enough of a hit.
The Chevron Pit: Ecuadorian and U.S. Judge Base Their Opposing Decisions On Chevron Evi... - 0 views
Union Man: Where are the jobs? | Pipe(line)Dreams - 0 views
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When Ghanaians found out there was oil off their coast, a sense of excitement spread across the country. Optimistic and at times unrealistic statements from various company officials and ministries added to expectations.
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Francis M.K. Sallah is the Regional Industrial Relations Officer for the General Transport, Petroleum and Chemical Workers’ Union. Lately he has been hearing a lot about jobs, or the lack of, in the oil industry.
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The Ghanaian government says that 90% of the oil jobs should go to Ghanaians by 2020, but some people in the industry wonder why the government isn’t being more aggressive. Sallah says that right now Ghanaians could occupy more than half the posts. Welders, pipefitters, painters, maintenance people – there are plenty of skilled laborers in Ghana, so what’s keeping them from getting jobs?
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Oil City: Where are the Jobs, pt. 2 | Pipe(line)Dreams - 0 views
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Both Tullow Oil and Kosmos Energy have posted scam alerts on their websites. Here’s the warning from Kosmos: NOTE: POTENTIAL RECRUITMENT FRAUD Kosmos Energy has learned that job applicants in the international oil and gas business, as well as other industry sectors, may be contacted by individuals or organizations that offer false employment opportunities. These communications are often via email and may request personal information or money. Kosmos only makes job offers after candidates have completed a formal interview process and does not ask applicants to pay fees during recruitment. Specifically, please note that any communications from or about the “Kosmos Group” are not associated with Kosmos Energy. This is good, but I don’t know how useful these alerts are. There are a lot of people in Takoradi who don’t have internet access. And even when you get to the Tullow or Kosmos websites, it’s not easy to get information.
A great day for oil! | Pipe(line)Dreams - 0 views
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And for those of you wondering if Transocean or BP are involved in Ghana's oil industry, BP, along with China National Offshore Oil Corp. (CNOOC) and the Ghana National Petroleum Corporation, recently made a bid to buy Kosmos Energy's interest in the Jubilee Field operation. Kosmos rejected the bid. For the moment, then BP is not active in Ghana, but a subsidiary of Transocean, Challenger Minerals Inc., is part of an exploratory drilling operation in the country.
Ghana to repeat financial mistakes - The Ghanaian Journal - 0 views
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The new law will require Ghana’s government to publish a breakdown of all the oil-related money it receives and where it goes. It establishes watchdog groups to keep an eye on the oil money.
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The new law will require Ghana’s government to publish a breakdown of all the oil-related money it receives and where it goes. It establishes watchdog groups to keep an eye on the oil money.
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The new law will require Ghana’s government to publish a breakdown of all the oil-related money it receives and where it goes. It establishes watchdog groups to keep an eye on the oil money.
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Oxfam: Ghana's New Oil Law Leaves Room for Financial Mistakes | Africa | English - 0 views
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Ghana could suffer a similar future, Oxfam Policy Manager Ian Gary says, if the country does what its neighbors did and uses oil revenue as collateral for government loans.
Ghana Oil Bill May Improve Credit Rating, Spur Loans, IMF Says - Businessweek - 0 views
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The law, passed on March 2, allows oil revenue to be used as collateral for loans in a “credit enhancement” program, said Wayne Mitchell, resident representative for the fund, based in Accra, the capital. The risk of default is reduced, which will lower interest rates, he said.
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A provision to keep 21 percent of the revenue in a stabilization fund for the country to fall on in times of price volatility and a heritage fund with 9 percent of earnings saved for the future is “best practice,” Mitchell said in an earlier interview on March 2.
New Vision Online : Why major oil firms are exiting Africa - 0 views
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This is the latest withdrawal of oil majors from Uganda and other 20 African countries, and is part of the growing trend of shifting away from retail and marketing to exploration and production, where returns on investments are high.
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“We are reviewing our business globally and shall end up with a downstream footprint in larger markets with bigger profits because small markets are not profitable,” Kyayonka observed.
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“The issue is about utilisation of capital. We have a pot of money from the shareholders and public funds from which they expect returns on their investments,” Kyayonka stated. “As managers, we have to think of where the dividends come from, and that is in exploration and production.”
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