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
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.
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