News
NNPC Reports 400 Incidents of Oil Theft in One Week
The Nigerian National Petroleum Company (NNPC) Ltd has reported a total of 400 incidents of crude oil theft in the past week.
According to the company’s weekly program, “Energy and You,” these incidents include illegal refineries, illegal connections, vandalism, oil spills, and illegal storage locations, among others.
The data reveals 165 cases of illegal refineries between June 15th and 21st, 2024. Additionally, there were 69 cases of illegal connections, 15 cases of vandalism, 8 incidents of oil spills, 19 cases of illegal storage locations, and 74 cases of vessel AIS infractions.
These incidents were reported by various companies and security agencies across the Niger Delta, including Tantitta Security Ltd, Pipeline Infrastructure Nigeria Limited (PINL), SPDC, NNPC Command and Control Centre, Maton Engineering, government security agencies, and others.
The Western region of Rivers and Bayelsa states experienced the bulk of the 400 incidents, with 265 occurrences. The deep blue waters off the coast of the Niger Delta recorded 74 incidents, while the Eastern region saw around 65 incidents, and the Western Niger Delta, primarily in Delta state, reported around 26 cases.
During this period, around 8 suspects were arrested by security agencies and stakeholders in the oil and gas industry. This near-record number of crude oil thefts in one week highlights the current challenges facing the Nigerian oil industry, where production levels have consistently been below expectations and investment levels have been declining.
News
Macron to Address France After Historic Collapse of Barnier Government
French President Emmanuel Macron will deliver a national address on Thursday evening following the dramatic collapse of Prime Minister Michel Barnier’s government in a no-confidence vote. This marks the first time in over six decades that a French government has been brought down by parliament.
Barnier’s government fell late Wednesday after 331 MPs—well over the required 288—voted to censure him. The motion was backed by an unusual alliance between Marine Le Pen’s far-right faction and the left-wing New Popular Front. The catalyst for the no-confidence vote was Barnier’s decision to bypass parliament and push through the national budget using special executive powers.
Following protocol, Barnier tendered his resignation Thursday morning. He is expected to remain as caretaker prime minister until Macron appoints a successor, a process that could be drawn out due to sharp divisions among parliamentary factions.
Potential candidates for the role include Defense Minister Sébastien Lecornu, Interior Minister Bruno Retailleau, and centrist veteran François Bayrou. However, political observers warn that reaching a consensus on a new leader may take weeks, as seen last summer when Gabriel Attal temporarily held the role for two months.
As France grapples with political turmoil, Macron remains constitutionally insulated from the fallout. Nevertheless, calls for his resignation and demands for early presidential elections are growing louder, particularly from opposition leaders. Macron, however, has firmly dismissed the possibility of stepping down or advancing the presidential election timeline.
News
Vancouver Stabbing Incident Leaves Multiple Victims, Suspect Shot by Police
Authorities in Vancouver have reported a stabbing incident involving multiple victims near the city’s central library. The suspect, who was shot by police, is in custody, but the extent of the injuries to both the victims and the suspect remains unclear.
The incident reportedly unfolded at a convenience store, with witnesses describing a chaotic scene. According to the CBC, at least two people were taken from the scene in ambulances, though official confirmation of the total number of injured has yet to be provided.
Footage obtained by Canadian Press shows officers aiming their weapons and firing over the counter of the store while shouting commands, including “move over.” Another video appears to capture first responders administering chest compressions on a man.
Police have not disclosed the motive or circumstances surrounding the attack, and investigations are ongoing.
News
South Korea Opposition Pushes to Impeach President Yoon
The political turmoil in South Korea deepened as Kim Yong-jin, a central committee member of the Democratic Party, declared that democracy must be preserved and called for President Yoon Suk Yeol to face charges of “crimes of rebellion.” The party also named Defense Minister Kim Yong-hyun and Interior Minister Lee Sang-min as key figures involved in the controversial martial law declaration, advocating for their prosecution alongside the president.
Despite these accusations, the ruling People Power Party, to which President Yoon belongs, announced its decision to oppose any impeachment motion. To pass, the opposition requires at least eight of the 108 ruling party lawmakers to support the bill, a challenging but not impossible feat given the growing dissent.
The impeachment motion was introduced in the early hours of Thursday without any ruling party lawmakers present. Meanwhile, life in Seoul, including schools, banks, and government offices, continued as usual, but protests demanding President Yoon’s resignation have intensified. Demonstrators flooded the streets, chanting, “Arrest Yoon Suk Yeol,” and calling for justice.
Adding to the tension, the Korean Confederation of Trade Unions, the country’s largest labor organization, announced an indefinite strike, vowing to sustain the pressure until the president steps down.
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