WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2010-02-25 Time: 00:00:02 Posted By: News Poster
By Adeola Yusuf With Agency Reports
The negotiations between the Federal Government and two oil giants, Chevron Corporation and Royal Dutch Shell PLC (RDSA), over the renewal of their shallow-water oil licenses, are still ongoing, an official statement said at the weekend.
“Chevron and Shell are still in negotiations with the Federal Government…over the renewal of their expired licenses,” a statement made available by Dow Jones quoted Minister of state for Petroleum Resources, Odein Ajumogobia as saying.
The statement countered media reports that the renewal of the licenses was stalled due to the absence of President Umaru Yar’Adua.
Yar’Adua left Nigeria Novemeber 23, and has since been receiving treatment in a Saudi Arabia hospital for a heart ailment.
“The minister of Petroleum Resources has the full authority under extant laws to renew leases and licenses,” the statement said. It said no specific authorization from the presidency was required.
In May 2008, the state-run Nigerian National Petroleum Corporation signed an oil-financing deal worth $2 billion with Mobil Producing Nigeria, a unit of Exxon Mobil Corp. (XOM).
The same month, the Nigerian state-run company signed a similar deal worth $1 billion with Elf Petroleum Nigeria Limited.
Nigeria’s new acting president, Goodluck Jonathan, is attempting to breathe life into the nation’s ailing energy sector just two days after assuming the duties of President Umaru Yar’Adua, who has been out of the country since November with health problems.
Jonathan summoned several executives from foreign oil companies on Thursday to meet with top Nigerian officials. A focal point of the talks: militants who have sabotaged pipelines, disrupting production and oil prices.
Jonathan is Nigeria’s first president from an ethnic minority or the Niger Delta — an area the size of England that is rich in oil but long plagued by poverty and violence against the energy industry.
That ethnic background could help him work with militants in consolidating the peace process, say officials and analysts.
“There’s concern that the militants are getting irritated and worried,” said Emmanuel Egbogah, the president’s oil adviser.
Under the peace programme, that began last summer, the Nigerian government has essentially paid militants to lay down their arms.
However, the delta’s main militant group recently called off its cease fire because of its unhappiness over how little money the government is putting into the region.
Wale Tinubu, chief executive of Oando PLC, Nigeria’s biggest non-state energy company by revenue and oil production, said he thinks Jonathan’s ascent to power could spur the reconciliation process between the government and militants.
“Jonathan will make a renewed push towards peace in the Delta and I do believe that will reassure investors in the oil industry,” said Mr. Tinubu, who wasn’t at Thursday’s government meeting.
Executives from Chevron Corp. (CVX), Exxon Mobil Corp. (XOM) and Royal Dutch Shell PLC (RDSA, RDSB), among other companies, attended the meeting with government officials, according to Egbogah, the government oil adviser.
Original date published: 22 February 2010
Source: http://allafrica.com/stories/201002240368.html?viewall=1