Nigerian Times

President George W. Bush at the White House on Friday June 20, 2008. 21 Jun 2008 15:06 Africa/Lagos Radio Address by President Bush to the Nation President's Radio Address Audio En Español WASHINGTON, June 21 /PRNewswire-USNewswire/ -- The following transcript was released today by the White House Press Office: THE PRESIDENT: Good morning. Americans are concerned about the high price of gasoline. Everyone who commutes to work, purchases food, ships a product, or takes a family vacation feels the burden of higher prices at the pump. And families across our country are looking to Washington for a response. The fundamental problem behind high gas prices is that the supply of oil has not kept up with the rising demand across the world. One obvious solution is for America to increase our domestic oil production. So my Administration has repeatedly called on Congress to open access to new oil exploration here in the United States. Unfortunately, Democrats on Capitol Hill have reje...

Newt and Callista participate in a sea safari in Bodo, Norway. Newt and Callista participate in a sea safari in Bodo, Norway. Newt Gingrich and his beautiful Callista sent the following report from their vacation in Norway and he has addressed the energy crisis plaguing the United States and the solution to end the high price of gasoline. He tells us why there is scarcity of gasoline America, but not in Norway. This is a must read . ~ Ekenyerengozi Michael Chima The Publisher and Editor of Nigerian Times International Online Media Network Report From Norway: Why They Don't Have an Energy Crisis and We Do by Newt Gingrich (more by this author) Posted 06/10/2008 ETUpdated 06/10/2008 ET I am writing to you this week from Norway, where Callista and I have witnessed extraordinary natural beauty - and some things America could learn about creating a more sensible balance between protecting the environment and finding more domestic sources of energy. You see, Norway, unlike the United St...

Addax Petroleum Announces Successful Oil Appraisal Offshore Nigeria CALGARY, Canada, March 11/PRNewswire-FirstCall/ -- - Successful Appraisal at OML123 Expands Kita Marine Area Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") (TSX:AXC and LSE:AXC) announced today the successful appraisal of and addition to the Kita Marine discovery. The recently completed KTM-6 well encountered an aggregate gross oil column of 173 feet over four zones. The Kita Marine discoveries lie in the northern part of the prolific OML123 block offshore Nigeria in an area which has not previously had production. Commenting, Jean Claude Gandur, President and Chief Executive Officer of Addax Petroleum said: "I am very pleased to report an encouraging start to 2008 with these promising appraisal well results from OML123. The expansion the Kita Marine area opens up the very real possibility to initiate development and production for the first time in the northern part of OM...

Releases displayed in Africa/Lagos time 29 Oct 2007 Atlas Petroleum & Partner eye sale of Niger Delta block Prince Arthur Eze and Atlas Petroleum International Offer 2.2 Billion Barrels of Resource Potential in the Offshore Niger Delta(Full text of a statement. Contact details below.) Houston and Lagos (ANTARA News/PRNewswire-AsiaNet) - Atlas Petroleum International Ltd and partner Summit Oil and Gas Worldwide are evaluating the sale of up to 40 per cent of the working interest in Block OML 109, located just 12 miles offshore in the shallow waters of the Niger Delta. "Following on the heels of our recent success with Noble Energy on Block I in Equatorial Guinea, we believe now is the time to explore opportunities with prospective new partners in this as yet under-explored block, OML 109," said Prince Arthur Eze, owner and chairman of Atlas Petroleum International Ltd. Recently, a complete review of OML 109 was conducted and the results revealed an exploration potential of...