News
Shell reports sharp fall in Nigeria oil spills after shutdown
Shell on Thursday reported a sharp fall in oil spilled as a result of sabotage in Nigeria’s oil-rich Delta in 2022 reflecting closure of operations for six months in the wake of attacks. The volume of crude oil spilled caused by sabotage in the Delta fell to 600 tonnes from 3,300 tonnes the previous year, Shell said in its annual report. The number of such spills fell to 75 from 106.

“The decreased number of incidents in 2022 correlates with a shutdown of production for about six months because of an unprecedented increase of crude oil theft from the Trans Niger. Shell is the operator of Nigeria’s main onshore oil and gas joint venture SPDC which has struggled for years with operational incidents, theft and sabotage.
-
Oil and Gas2 days agoDangote refinery drops PMS to ₦1,165/Litre, diesel to ₦1,570/litre
-
News2 days ago85m Nigerians still lack access to grid electricity—REA
-
News2 days agoRecapitalised insurers get NAICOM new licence certificates
-
News23 hours agoSpaceX insiders get their first chance to cash out — but the stock’s slide will limit their opportunity
-
Finance2 days agoCrown Takaful shares N100m to customers
-
Finance2 days agoCBN says Naira FX gap falls below 2% as reserves top $52.5bn
-
Finance23 hours agoNAICOM revokes Nigeria Reinsurance licence, freezes bank accounts
-
Economy23 hours agoAfrican free trade agency taps Nigerian firm for $3.1bn customs overhaul project
