Wednesday, May 30, 2012

May 30, 2012 -- Updated 0832 GMT (1632 HKT)
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Ex-Liberian president faces war crimes sentencing
Charles Taylor, the first former head of state to be convicted of war crimes since World War II, is due to be sentenced by an international court in The Hague. FULL STORY
Profile: Preacher and feared warlord
Taylor verdict brings relief for victims
Do war crimes trials really help?
SYRIA: DEADLY CRACKDOWN
U.S., allies expel Syrian diplomats
Eyewitness to massacre horror
U.N. blames Shabiha militia
Timeline | CNNArabic.com | iReport
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Assange loses extradition appeal
Migrants greet Suu Kyi | Historic trip
ECB rejects Madrid plan to boost Bankia
Afghanistan: 160 schoolgirls poisoned
Euro 2012 hosts refute racism claims
Thai editor convicted of 'royal insults'
Beryl to storm along U.S. Southeast
Another deadly quake shakes north Italy
Mexican cartel 'targeting' snack firms
Plane debris falls in Canada
Expats among Qatar mall fire victims
Romney hits Republican 'magic number'
Guitar legend Doc Watson dies
French Open: Serena out in first round
Ravi apologizes in webcam spy case

Massacre: When outrage isn't enough
In 1994 a shell aimed at a Sarajevo market killed 68 people. Now an atrocity in Syria has led to similar global revulsion. But as Tim Lister reports, outrage doesn't always translate into action. FULL STORY | WHAT CAN WORLD DO?

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Millennials battle against mediocrity

Watson's notes in music history

Call to cut overseas African adoptions

Afghan girls forced into marriage

Who is the hottest mom in Hollywood?
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Saverin: I don't resent Zuckerberg
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Does the monarchy pay its way?

How are you marking queen's jubilee?

Queen's presidents, Truman to Obama

Wednesday, May 23, 2012

May 23, 2012 -- Updated 1037 GMT (1837 HKT)

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Election marks uncharted territory for Egypt

Egyptians are voting in a historic presidential election, a monumental achievement for those who worked to topple longtime leader Hosni Mubarak a year ago. FULL STORY

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How revolution broke Egyptian hearts

A year after Egypt's revolt, many are disappointed with the situation. CNN producer Salma Abdelaziz returns to her native Cairo and hears frustration about the slow pace of change and an uncertain economic climate. FULL STORY

Monday, May 21, 2012

OML 56: Energia Targets 10,000bpd of Crude in 2012

By Chika Amanze-Nwachuku

31 May 2011

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Gas Plant Facility

Energia Limited, operator of Energia/Oando Joint Venture in Oil Mining Lease (OML 56) has said it was targeting to reach 10,000 barrels per day (bpd) of crude oil production from the Obodougwa/Obodeti field in 2012.

The Obodougwa/Obodeti field, located in Delta State is one of the 24 marginal fields allocated to indigenous operators by the Federal Government in 2001.Managing Director/ Chief Executive Officer, Energia Ltd, Mr. Felix A.V told THISDAY that the company started crude oil production from the Obodougwa/Obodeti Well 1 in 2009.

He said the company was currently producing 1,800 bpd, but planned to hit 4,000bpd before the end of the year and 10,000 bpd in 2012, after the second well had come on stream.He said: “We are trying to drill another well, to bring our production to 4,000 bpd before the end of 2011. We are discussing with KCA Deutag for drilling rig, for the Obodougwa Well 4. By 2012, we should be doing about 10,000bpd”.

The company in conjunction with its partners, Xenergi Energy has also built a 25 million metric standard cubic feet per day (mmscf/d) capacity gas processing plant .Energia, an Indigenous oil and gas company, is one of the seven marginal fields currently producing and the first to put up a gas plant that is running. So far, the company has invested between $30-40milion on the gas plant and a whopping $70 million from the time of well re-entry to 2009 when the well came on stream.

Speaking earlier, the Operations Manager , Engr. Godwin Okolo said the Obodougwa well 1 had been drilled, but was technically abandoned by its former operators.

He said after acquiring the oil lease Energia and its partner, carried out well re-entry to ascertain whether it was producing. Thereafter, the company brought in Early Production Facility Equipment (EPF) to test the well, which he said was turned to full blown flow station.

He confirmed that full production started in 2009. Energia holds 55 percent interest in the OML 56, making it the operator of the block.
The remaining 45 is owned by Oando Plc. The Federal Government, in line with its aggressive approach to fully explore and exploit
Nigeria's rich oil reserves as well as increase indigenous participation in the upstream sector, in August 2001, invited suitable indigenous companies to bid for the allocation of 24 marginal fields located within the Niger Delta. Only seven out 24 companies are currently producing.

They include Energia’s Obodeti/Obodougwa field, Midwestern’s Umusadege field, Pillar Oil’s Umusati/Igboku field, Platform’s Asuokpu/Umutu field, Brittania-U’s Ajapa field and Walter smith’s Ibigwe field.

Friday, May 18, 2012

May 18, 2012 -- Updated 1455 GMT (2255 HKT)

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A man holds his savings book on May 14, 2012 during a protest held outside Caja Madrid's headquarters in Madrid, which was bought by Bankia bank.

Spanish banks downgraded amid growing euro crisis

Spain's government calls for calm a day after rating agency Moody's downgraded 16 Spanish banks in the latest sign of distress in Europe. FULL STORY

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Euro crisis: Should I cancel my trip?

As fears grow over whether Greece will stay in the euro, many holidaymakers are having second thoughts about visiting the country and other economically troubled members of the eurozone, such as Spain and Portugal. FULL STORY

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The next Facebook?

As shares in the social networking giant go on sale, CNN asks if anything can replace it. Full story