. GPS News .




.
ENERGY TECH
Piracy peril for West Africa's oil boom
by Staff Writers
Port Harcourt, Nigeria (UPI) Mar 7, 2012

disclaimer: image is for illustration purposes only

A sharp increase in pirate attacks in the Atlantic Ocean off West Africa is threatening plans to double oil production from 4 million barrels a day amid a swelling energy boom in the largely impoverished region.

U.S. company Anadarko Petroleum Corp. and oil companies have reported new discoveries off Liberia and Sierra Leone in recent weeks, heightening expectations that the war-scarred region is heading for a major bonanza.

Given the region's location on the Atlantic, allowing direct supplies to the United States without the dangers plaguing Middle Eastern exports, the region is expected to provide the United States with about one-quarter of its crude imports by 2015.

Most of the attacks involve theft, particularly large amounts of oil, rather than hijackings for ransom, the primary tactic used by the Somali pirates.

"Gulf of Guinea attacks have been … targeted almost solely against oil- and diesel-carrying vessels," Oxford Analytica noted in a recent report.

So any serious threat to supplies could have an impact in the United States.

On top of all this, there's the problem of increased cocaine smuggling from Latin America to Europe through Guinea-Bissau and other struggling West African states, plus widespread political upheaval in Nigeria, a key African producer and supplier to the United States, involving Muslim militants.

The piracy problem centers on the Gulf of Guinea, one of the main offshore oil zones and which stretches along the coasts of a dozen countries from Guinea southward to Angola, another major African oil producer.

The scale of the problem hasn't reached the proportions of the crisis in East Africa, where highly organized and increasingly sophisticated Somalia pirate gangs prey on oil tankers and other shipping in the Gulf of Aden and deep into the Indian Ocean.

But attacks of West Africa are steadily mounting and becoming more violent, U.N. Undersecretary-General B. Lynn Pascoe warned the U.N. Security Council Feb. 28.

Pascoe cited 64 attacks in 2011 off nine countries, including Benin, the Ivory Coast, Congo-Brazzaville, Ghana and Nigeria. That compares to 45 attacks off seven countries in 2010.

In Nigeria, a long-simmering insurgency in the oil-rich Niger Delta appears to be igniting again, with oil theft a major industry.

The Nigerian violence slashed oil production by 40 percent to around 2 million barrels per day before a government amnesty halted fighting in the delta in 2009.

The United Nations' International Maritime Organization said it has recorded 10 attacks off West Africa in January-February. Pasco stressed, "We know that not all piracy incidents are systematically reported."

Some shipowners are reluctant to report incidents to avoid having insurance premiums hiked, particularly if illegal cargoes are involved.

"In Nigeria, it's estimated that approximately 60 percent of pirate attacks go unreported," London security firm AKE Ltd says.

The Security Council urged the regional states to develop "a united front to respond effectively to the growing threat of piracy along their coasts."

The prospects of that are slim. With the exception of Nigeria, none of these states, where corruption is rife and security forces weak, under-manned and under-equipped, have the infrastructure or the funds to be able to effectively take on the pirates.

"Nigerian counter-piracy efforts have been beginning to register success but one result has been to push gangs' activities further along the West African coast -- and further out to sea," Oxford Analytica observed.

This is what happened off Somalia. International naval forces deployed to counter the pirates there only resulted in the marauders employing larger deep-water vessels that allow them to operate up to 1,500 nautical miles eastward into the Indian Ocean and in the tanker lanes off the Persian Gulf.

No statistics regarding the cost of West African piracy have been released. But the Somali pirates' depredations cost the international community up to $9 billion a year, said Geopolicity Inc., a consultancy that specializes in Middle Eastern and Asian economic intelligence.

That could escalate to $13 billion-$15 billion by 2015.

Lloyd's Market Association, a London umbrella for a group of insurers, listed Nigeria, Benin and nearby waters in the same risk category as lawless Somalia. That could signal higher insurance rates for shipping, including oil traffic, off West Africa.

Related Links
Powering The World in the 21st Century at Energy-Daily.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




Exxon to decide on Iraq deals in days: top official
Baghdad (AFP) March 7, 2012 - US energy giant ExxonMobil, under pressure from the Iraqi government for signing a deal with the northern Kurdish region, will make a "final decision" in days, a government spokesman said on Wednesday.

On October 18, Kurdish authorities inked a deal with ExxonMobil for it to explore six areas in Kurdistan, but Baghdad regards as invalid any contracts not signed with the central government.

"A representative of Exxon met with Shahristani at the end of February," Faisal Abdullah, spokesman for Iraqi Deputy Prime Minister for energy affairs Hussein al-Shahristani, told AFP.

"The company will give its response and its decision in a couple days. Now we are waiting for Exxon's final decision."

The Kurdistan contract potentially puts an Exxon contract with the Iraqi government in jeopardy.

In January 2010, Iraq's oil ministry completed a deal with ExxonMobil and Anglo-Dutch giant Shell to develop production at West Qurna-1, which with reserves of about 8.5 billion barrels is the country's second-biggest field.



.

. 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



ENERGY TECH
Oil prices rebound on fresh concern over Iran
London (AFP) March 7, 2012
World oil prices rebounded Wednesday on lingering concerns over Western efforts to rein in the nuclear programme of major crude producer Iran. The energy market will later switch attention to the weekly energy inventories report in the United States, which is the world's top oil consuming nation. In late morning trade in London, Brent North Sea crude for April increased by 76 cents to $1 ... read more


ENERGY TECH
Shortcuts costly when buying conservation from farmers

Canadian farmers trust regulated dairy industry

A Vegetarian Cutlet

How to improve pesticide efficiency

ENERGY TECH
UBC researcher invents "lab on a chip" device to study malaria

Solving a Spintronic Mystery

Transforming computers of the future with optical interconnects

Penn Researchers Build First Physical "Metatronic" Circuit

ENERGY TECH
Aviation agency asks EU to delay airline carbon tax

Hong Kong Airlines may cancel A380 order: report

ISRO bets on satellite navigation for aviation services

Boeing to sell ten 777s to China Southern

ENERGY TECH
Global auto output to rise 3.0%, Asia leading: trade data

Fuel economy in new autos up 18% since '07

'Shrinkable car' makes parking a breeze at high-tech fair

GM says China sales hit record high for February

ENERGY TECH
Chinese consumers becoming more emotional: study

US Congress approves China subsidy duties

Chinese designer finds fashion home in Paris

Ecuador signs mining contract with Chinese firm

ENERGY TECH
Brazil's Rousseff urged to veto new forestry code

Study shows earthworms to blame for decline of ovenbirds in northern Midwest forests

Floor of oldest forest discovered in Schoharie County

Paper giant 'pulping protected Indonesian trees'

ENERGY TECH
TerraSAR-X brings lively winter view into focus

SOA gains control of China's oceanic surveying satellite

NASA Researchers on the Snow Patrol

Europe's Global Monitoring for Environment and Security Program Examined

ENERGY TECH
Solved: The Mystery of the Nanoscale Crop Circles

New measuring techniques can improve efficiency, safety of nanoparticles

Nanofiber Breakthrough Holds Promise for Medicine and Microprocessors

Novel method to make nanomaterials discovered


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - 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