Subscribe free to our newsletters via your
. 24/7 Space News .




SHAKE AND BLOW
Flooding cut Nigerian oil output by around 20 percent
by Staff Writers
Lagos (AFP) Oct 24, 2012


Severe flooding temporarily cut Nigeria's oil output by around 500,000 barrels per day, or some 20 percent of total production in Africa's largest crude producer, an industry regulator said Wednesday.

"It is true that at some point in recent months, oil output fell by 500,000 bpd but the (production) figure has since risen to 2.3 million bpd," said Belema Osibodu, the assistant director of the Department of Petroleum Resources.

Nigerian production levels have been in the range of around 2.0 and 2.5 million barrels per day in recent months.

Anglo-Dutch oil giant Shell on Tuesday announced that it had declared force majeure on exports from its Bonny and Forcados terminals because of theft, flooding and pipeline damage.

Force majeure is a legal term indicating contractual obligations may not be met because of circumstances beyond the company's control.

Flooding this rainy season has ravaged many of Nigeria's 36 states, including those in the oil-rich Niger Delta, home to the country's multi-billion-dollar oil and gas industry.

The Red Cross said in early October that flooding across Nigeria had killed at least 148 people and displaced more than 64,000.

President Goodluck Jonathan's government pledged $110 million to mitigate the damage caused by "unprecedented" floods. He also set up a team to raise money to assist the victims.

The rainy season in Nigeria, Africa's most populous country with about 160 million people, runs roughly from March to September, though rains have continued into October this year.

.


Related Links
Bringing Order To A World Of Disasters
When the Earth Quakes
A world of storm and tempest






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








SHAKE AND BLOW
UN official visits Benin over west African floods
Cotonou (AFP) Oct 19, 2012
A top UN humanitarian official visited Benin on Friday as flooding ravaged parts of west and central Africa, affecting some 1.5 million people. UN Undersecretary-General for Humanitarian Affairs Valerie Amos was also set to hold discussions on the crisis in Mali and malnutrition in the Sahel region. She was to meet President Boni Yayi, the current chairman of the African Union. On Friday ... read more


SHAKE AND BLOW
European mission to search for moon water

Model reconciles Lunar Earth composition with giant impact theory

Massive planetary collision may have zapped key elements from moon

Proof at last: Moon was created in giant smashup

SHAKE AND BLOW
Valles Marineris - the largest canyon in the Solar System

Curiosity Rover Collects Fourth Scoop of Martian Soil

How Space Station Can Help Humans Follow Curiosity to Mars and Beyond

Mars Soil Sample Delivered for Analysis Inside Rover

SHAKE AND BLOW
NASA must reinvest in nanotechnology research, according to new Rice University paper

Austrian space diver no stranger to danger

Baumgartner feat boosts hopes for imperilled astronauts

Austrian breaks sound barrier in record space jump

SHAKE AND BLOW
Patience for Tiangong

China launches civilian technology satellites

ChangE-2 Mission To Lagrange L2 Point

Meeting of heads of ESA and China Manned Space Agency

SHAKE AND BLOW
New ISS Crew Confirmed

Russia launches three astronauts to ISS

ISS Orbit to be Adjusted for Next Spacecraft

Crew Unloads Dragon, Finds Treats

SHAKE AND BLOW
Brazil eyes closer space cooperation with Ukraine

S. Korea plans third rocket launch bid Friday

AFSPC commander convenes AIB

Proton Lofts Intelsat 23 For Americas, Europe and Africa Markets

SHAKE AND BLOW
New small satellite will study super-Earths for ESA

Most Planetary Systems are 'Flatter than Pancakes'

Glitch could end NASA planet search

Ultra-Compact Planetary System Is A Touchstone For Understanding New Planet Population

SHAKE AND BLOW
Zynga stock jumps despite earnings loss

50-year-old computer restored in Britain

Microsoft courts mobile lifestyles with Windows 8

Danes develop eye-control software for phones, tablets




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. 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 Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement