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Unidentified gunmen kidnapped on Monday a Lebanese engineer in southern Nigeria's oil hub of Port Harcourt, the Lebanese authorities said.
According to a government source, the Lebanese government was informed by the Nigerian police that a Lebanese man was abducted in Nigeria late morning.
The source failed to give the name of the...
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Nigerian militant group the Movement for the Emancipation of the Niger Delta (MEND) said Friday it had released two South Africans hostages.
"The duo were handed over to government secret service officials at 2300 Hrs (Thursday), who will in turn hand them over to representatives of the South African High Commission," MEND...
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Nigerian militant group the Movement for the Emancipation of the Niger Delta (MEND) Wednesday refuted claims that it had released two South Africans it was holding as bargaining chips.
A spokesman for the Nigerian military, Lieutenant Colonel Sagir Musa, said in a statement Tuesday that that the two South Africans had been released...
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A British citizen has been kidnapped in Nigeria's restive Niger Delta province as a militant group said it would release two South Africans kidnapped among a group of 27 others.
A spokesman for the Nigerian military in the Niger Delta Lieutenant-Colonel Musa Sagir said that the unidentified Briton was kidnapped late on Monday evening,...
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Nigerian militants who have declared an "oil war" Monday said they attacked and destroyed an oil flow station complex owned by Shell in the restive Niger Delta province.
The Movement for the Emancipation of the Niger Delta (MEND) said Sunday it had begun operation "Hurricane Barbarossa" after Nigerian military...
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Britain's role in tackling militants in the restive oil-rich Niger Delta will be limited to training Nigerian forces, Britain's minister for Africa Mark Malloch-Brown said during a visit to Nigeria.
"We want to make sure that the security forces operating in the Niger Delta are properly trained," he said in Abuja after...
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Nigeria is to create a new ministry to oversee the oil-rich Niger Delta, where militant groups have been attacking oil installations and kidnapping expatriate workers, Nigerian President Umaru Yar'Adua has announced.
Secretary to Government of the Federation, Alhaji Mahmud Yayale Ahmed, said the new ministry, which would have two...
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Nigerian President Umaru Yar'Adua has changed his chief of defence staff and installed new figures at the head of the army, navy and air force.
Air Marshal Paul Dike becomes new Chief of Defence Staff, Major General AB Dambazau took over as the head of the army and Rear Admiral Isaiah Ibrahim became chief of the navy.
Air Marshal...
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Eight foreign oil workers abducted by Niger
Delta militants were freed several hours later, a Nigerian military
spokesman said Sunday. The eight were released overnight
Saturday, the spokesman was quoted by the BBC as saying, but he
disputed allegations that a ransom was paid. There was no
official confirmation given as to the...
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Gunmen attacked a houseboat in Rivers State in
the Niger Delta Wednesday killing a naval rating and a civilian crew
member, the army said. Spokesman for special troops deployed
in the region to provide security for oil workers and facilities,
Lieutenant-Colonel Sagir Musa, said about 30 militants attacked the
boat, after which...
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Nigerian militants responsible for crippling
attacks on the West African nation's oil industry said Thursday they
would call off a ceasefire after Britain promised to support the
Nigerian government in ending oil-related violence. The
Movement for the Emancipation of the Niger Delta (MEND) said attacks
would begin again from...
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 According to a statement given by a local security source,
two children were kidnapped a few days ago of employees of the French energy
group, Total, who were snatched on the way to school in Port
Harcourt.
Young children have become the targets for militants in the
oil-rich Niger Delta region in recent months.
Seven oil...
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 Kidnappings in Nigeria were taken to a whole new level Thursday after a British girl was abducted as she was heading to school by unknown perpetrators in the strife-torn Niger Delta, the police informed.The little girl, Margaret Hill is the daughter of a British expatriate and was snatched after a group of gunmen broke a side window of a...
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 A group of gunmen attacked an oil rig in the volatile Niger Delta region on Wednesday and kidnapped five foreign oil workers, security sources informed.According to the same sources, one Australian, two New Zealanders, a Lebanese citizen and a Venezuelan were abducted in Soku, River state a day after the militant indigenous group the...
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 The Niger Delta was stormed Thursday by numerous soldiers who
have the mission of releasing 27 persons previously abducted by militants from
a foreign oil flow station.
Gunmen attacked Sunday an Italian oil flow station in the
southern state of Bayelsa State,
kidnapping eleven soldiers and 16 workers, without inflicting any damage...
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 Nigeria was numb Wednesday after unions across the country called for a major strike in all sectors except the oil industry, where production was no ceased.It seems that Olusegun Obasanjo’s decision to raise the price of gas at pumps during his last week as president of Nigeria triggered a chain reaction that has repercussions even...
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 The four U.S. oil workers held hostage in Nigeria's volatile Niger Delta have finally been released after three weeks. They were abducted by armed men in speed boats from a barge near an oil export terminal belonging to Chevron on 9 May.Most of the kidnappings end with the release of the hostages upon the payment of a ransom. U.S....
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Inflation in the European Union is set to fall sharply thanks to lower oil prices, giving countries such as Poland and the Baltic states a better chance of joining the euro, the EU's top economist said Monday.
"Commodity prices are more likely to fall ... on the back of deteriorating growth prospects and weaker demand coming...
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Hundreds of workers with Greek state carrier Olympic Airlines blocked the main runway at Athens International Airport Tuesday over plans to privatise the airline.
The demonstrators, including pilots, air stewards and technicians, prevented planes from taking off and landing on the runway.
Airport officials said the protest forced...
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The European Union cannot have a "perfectly normal" relationship with Russia while it continues to ignore the six-point peace plan that it has signed up to, and keeps recognizing the Georgian breakaway regions of South Ossetia and Abkhazia.
And in an effort to show that Europe is ready to play "an active role" in...
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 After further analyzing the situation after massive waves split a Russian oil tanker in two during a fierce storm Sunday, spilling at least 560,000 gallons of fuel into a strait leading to the Black Sea, some officials said It could take years to clean up.It was the worst environmental disaster in the region in years.The 18-foot waves...
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 According to local authorities, the Netherlands and Britain
have taken precautionary measure by closing sea defense barriers, evacuating
North Sea oil rig workers and relocating thousands of people from homes as a
storm sent a 3-metre tidal surge along their coasts.
British police told people to leave their homes as the east
coast...
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Japanese Prime Minister Taro Aso on Thursday announced a new economic stimulus package worth about 26.9 trillion yen (276.33 billion dollars) to battle the impact of the global financial crisis, as speculation over an interest rate cut by the Bank of Japan mounted.
"The most important thing is to allay concerns about people's...
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Rescue workers on Thursday fanned out in south-western Pakistan, distributing relief supplies among thousands of earthquake survivors as the authorities said the death toll might climb to as much as 300.
Many isolated hamlets remained inaccessible as hungry, distraught women, children and elders waited for aid while spending a...
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Five Chinese oil workers kidnapped in Sudan have been slain by their abductors, the Chinese embassy in Khartoum said.
Sudanese authorities told the embassy Monday that five of nine Chinese workers abducted on October 19 were killed, China's official Xinhua news agency reported.
Two more of the abducted workers were missing,...
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A Chinese-led consortium with a concession for oil exploration on Myanmar's Ramree Island has left hundreds of local islanders landless and unemployed and their environment befouled, a human rights group said Tuesday.
Blocking Freedom, a report compiled by the environmental and human rights group Arakan Oil Watch, said a...
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Nine Chinese oil workers have been kidnapped by an unknown group in Sudan, state media said on Monday.
The nine workers were seized at an oil field in Southern Kordofan State close to Sudan`s strife-torn Darfur region, the official Xinhua news agency quoted Chinese embassy officials as saying.
No group has claimed responsibility...
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The Japanese government Friday unveiled a economic stimulus package totalling 11.7 trillion yen (107.03 billion dollars) to lift the financial burden caused by rising oil prices and shore up the economy.
The government was to install the package to help small- and medium-size firms raise funds, financially support business sectors...
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 More than 6,800 people were trying Sunday to contain an oil slick
measuring at least 17 kilometres in length and 10 metres in width
Sunday, the largest ever found off South Korea's coast, the coastguard
said.
"It is possible the oil spill will extend further," a spokesman said.
A Hong-Kong registered supertanker...
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 The Canadian Auto Workers has voted to ratify a new collective agreement with Ford Motor Co., which is expected to be matched also by Chrysler LLC and General Motors Corp..The around 9.000 CAW members that are working for Ford in Oakville, Windsor, St. Thomas and Bramalea voted in an overwhelming majority of 78 percent in favor of the...
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Oil prices surged to a
record high Friday amid supply worries and an outbreak of international
tensions surrounding Iran, a key oil producer. With the US
dollar also coming under fresh pressure, oil prices climbed to an
all-time high of 145.98 dollars a barrel in European trading as shares
in Europe also began to edge down. The...
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 The oil prices jumped more than 4 dollars on Thursday, as a result of the explosion that occurred at a pipeline that was carrying crude oil from Canada to the United States and that brought the death of two workers.The blast took place in Minnesota, on Wednesday, while the workers were doing some repairing at the Enbridge Energy...
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 A new scientific review of medical studies on the chronic Gulf
War syndrome finds a strong association between the illness suffered by many
veterans and the exposure to a group of chemicals known as acetyl cholinesterase
inhibitors. According to a recent study, it appears that the chemicals were discovered
in pesticides used around...
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 According to Saudi Arabia's state oil, 40 people had died in
a gas pipeline explosion over the weekend, raising its previous death toll for
the accident, which occurred during maintenance work near a large gas plants in
the east of the country.
Aramco said the fire occurred about 19 miles from its
Hawiyah gas plant early Sunday...
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 At least eight people were killed and 11 injured in separate attacks in
Baghdad Tuesday while 43 people, including three foreign guards, were
arrested in connection with the killing of an Iraqi woman.
In a spate of attacks in Baghdad, two people were killed and seven
injured by a car bomb targeting a police patrol in Baya...
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 The Monday Texans’ preparations for the tropical storm were accompanied by a heat wave which has been lasting for 11 days. The tropical storm strengthened as it churned through the Gulf of Mexico toward Galveston. Even if extreme weather is normal for the coast of Texas, the temperatures were too high.Residents bought more water and...
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 A huge explosion shook an industrial site near the notorious
Buncefield oil depot, were workers were quickly evacuated as huge clouds of
black smoke billowed into the sky - evoking memories of the terrifying blaze
that ripped through the area no more than two years ago.
Nearby café worker Karen Hamilton, says the scene reminds
her...
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 Hundreds of workers attempted to save wildlife and halt the spread of a
large oil spill in the San Francisco Bay that has continued to spread
and led to the closing of many beaches on the US West Coast.
More than 200 birds have been buried alive in oil and 60 have
already died, radio broadcaster KCBS reported late Saturday. More...
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 According to a state-owned oil rig press release made public
on Wednesday regarding the death of at least 18 oil workers, the cause of the
incident was due to a drilling rig which struck an oil platform in stormy
weather, spilling gas and oil into the Gulf of Mexico Seven other workers were
still missing.
Rescuers have pulled 61...
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 Although only a fraction of global oil supply could be
immediately threatened by a Turkish incursion into northern Iraq,
the result of any conflict might escalate and disrupt the flow from the Middle
East.
The effect of the dispute was magnified in oil markets as it
came against a backdrop of tightening supply, said Paul...
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| Currency |
USD |
EUR |
GBP |
YEN |
| USD |
------ |
0.793 |
0.672 |
92.985 |
| EUR |
1.262 |
------ |
0.847 |
117.329 |
| GBP |
1.489 |
1.180 |
------ |
138.459 |
| YEN |
0.011 |
0.009 |
0.007 |
------ |
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