Latest News for: Ocean mining licence


Nigeria absolved of having to pay $1.5bn oil field claim

Business Day 08 Oct 2020
The Nigerian government took over all assets belonging to tycoon Festus Fadeyi, including Pan Ocean, in July, saying he owed 240-billion naira ($625m) in debts ... Pan Ocean produced an average of 3,400 barrels of crude per day from its licence, known as Oil Mining Lease 98, in 2018, according to government data.

The Guardian view on deep sea exploration: murky waters ahead

The Observer 02 Feb 2020
An analysis published last month in the journal One Earth warned of the threat to the oceans from “blue acceleration”, the recent rise in marine industrialisation, which includes seabed mineral mining. Greenpeace warned last year that 29 ocean-floor exploration licences had been ...

Raja Mandala: China at sea

Indian Express 09 Dec 2019
After leveraging marine science diplomacy to good effect in the South China Sea over the last many years, China has begun to extend it to the Indian Ocean ... First, to map the sea-bed resources of the world’s oceans. China has internationally sanctioned licences to explore sea-bed mining in a few areas including in the South-western Indian Ocean.

Deep-sea mining to turn oceans into ‘new industrial frontier’

The Guardian 03 Jul 2019
Greenpeace report reveals 29 floor-exploration licences have been granted worldwide The world’s oceans are facing a “new industrial frontier” from a fledgling deep-sea mining industry as companies line up to extract metals and minerals from some of the most important ecosystems on the planet, a report has found.

Trouble brews over OML 25 as Kula leaders take ‘final’ position

Business Day Online 27 Jun 2019
Trouble is brewing in Kula Community, close to the Atlantic Ocean, over right of operation of Oil Mining Licence 25 in Akuku-Toru Local Council Area of Rivers State, as leaders of the area have ...

Efforts to save OML-25 may crash as Kula chiefs reject planned Saturday meeting in Port Harcourt

Business Day Online 21 Jun 2019
Nigeria is said to have lost over N700bn since the shutdown of the Kula oil field near the Atlantic Ocean (Oil Mining Licence 25) in Rivers State more than one year ago, but the host ...

Nigerian petroleum regulator revokes six oil block licences

Independent online (SA) 06 Jun 2019
The notice said oil mining lease (OML) 98 was revoked from Pan Ocean Oil Corporation, OML 120 and 121 from Allied Energy Resources Nigeria Limited, OML 108 from Express Petroleum & Gas Company Limited and OML 110 from ...
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