• 3 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 5 minutes Could Tesla Buy GM?
  • 11 minutes Global Economy-Bad Days Are coming
  • 17 minutes Venezuela continues to sink in misery
  • 14 hours OPEC Cuts Deep to Save Cartel
  • 5 hours What will the future hold for nations dependent on high oil prices.
  • 40 mins Price Decline in Chinese Solar Panels
  • 29 mins And the War on LNG is Now On
  • 20 hours Congrats: 4 journalists and a newspaper are Time’s Person of the Year
  • 13 mins Alberta Cuts Push Prices Too High
  • 21 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 17 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 1 day Permian Suicide
  • 1 day Asian stocks down
  • 2 days Trump accuses Google Of Hiding 'Fair Media' Coverage of him
  • 2 days GOODBYE FOREIGN OIL DEPENDENCE!!
Is Gasoline Demand Really Slipping?

Is Gasoline Demand Really Slipping?

In a somewhat befuddling scenario,…

The Future Of OPEC Is Underground

The Future Of OPEC Is Underground

The two-day Vienna summit was…

Thousands of Jobs At Risk As Nigerian Oil Industry Crumbles

Nigeria oil

Thousands of oil workers in Nigeria may lose their jobs after a wave of picketing against several service companies from the industry from members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).

The protests follow allegations that the service companies are refusing to allow their workers to unionize.

Now, leaders from the umbrella workers’ organization Petroleum Technology Association of Nigeria are discussing ways of avoiding the crisis, with its chairman accusing PENGASSAN of not being a good sport amid a spate of problems in the local oil industry.

“It is difficult times for the oil firms, not just the service firms but also oil firms that are facing the headwinds in the oil market. Some of them are finding it difficult to pay for jobs delivered by service firms. So, they owe us. We don’t go to war with them because we know what the industry is passing through,” Bank-Antony Okoroafor said.

Okoroafor argued that the service companies the protesters work for are deep in debt in many cases and “banks are chasing them.”

With their calls for unionization, he said, the workers from PENGASSAN are pushing their employers towards bankruptcy, risking their own jobs.

“Now, if these fledgling firms go down completely where will your members work? The biggest losers would be the workers PENGASSAN pretends to be fighting for,” the union’s head said.

Related: Oil Rig Competition Flares Up Amid Permian Boom

PENGASSAN did not back down, however, stating that it would not accept “any management that infringes on the workers’ Rights to Freedom of Association and Lawful Assembly.”

The oil industry in Nigeria contributes around 60 percent of government revenues and over 80 percent of the country’s export revenues, but it has been plagued by problems in recent years.

Besides vandalism and militant attacks in the oil heartland of Nigeria, the Niger Delta, there is a problem with the overhaul of the local oil industry, which is taking too long, compromising Nigeria’s ability to benefit from higher oil prices.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News