1.
Teen solves centuries-old math problem
LAGOS, Nigeria, July 16 (UPI) -- Foreign investors are exploring their options outside of Nigeria as the country lags in its obligations for resource development because of militant activity.
Nigeria has been unable to meet its commitments to its partners and customers in terms of energy resources because of attacks by militant groups operating in the Niger Delta, Nigeria's Guardian newspaper reports.
The Movement for the Emancipation of the Niger Delta launched a series of attacks on oil facilities operated by Chevron and Royal Dutch Shell in recent days. The group has declared an oil war on the Nigeria government, demanding a share in national oil revenue.
Petroleum officials in Nigeria said national security is vital for economic security in the country, adding intermittent disruptions due to militant activity sends "negative signals" to major energy companies.
Royal Dutch Shell, for its part, says production is down nearly 35 percent, though the Nigerian government says it has adequate reserves in storage. The government also downplayed the impact of MEND activity.
Despite that optimism, oil and gas majors are moving their attention from African markets to more secure options in the Middle East and Russia, the report says.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
HAVANA, May 25 (UPI) --
Cuba is reportedly sitting on vast underwater oil and gas reserves, but none came up in the latest exploration, a joint Chinese-Spanish undertaking.
|
LONDON, May 25 (UPI) --
Military pilot training and training aircraft were in the news this week, with European companies reaping more than $3 billion in contracts.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
The photos are familiar, but the captions are not, as economic tension skips across the continent of Europe.
|
View Caption
