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.
-
News2 days agoNigeria’s composite PMI rises to 53.0 in September, marks fourth month of expansion—CBN
-
Stock Market2 days agoNGX equities market closed week on a negative note
-
Economy2 days agoTax reforms target prosperity, not poverty – NRS boss
-
Oil and Gas2 days agoAfDB, OPEC strengthen environmental, social safeguards in Africa
-
News2 days agoDiesel prices fall 6% as Europe considers releasing fuel after Trump’s threat
-
Oil and Gas2 days agoDangote’s planned Kenya refinery faces legal challenge by consumer-rights group
-
Economy2 days agoNigeria’s pension assets grow by N3.8trn in eight months—PenCom
-
Maritime2 days agoNIMASA opens Blue Economy Accelerator program portal, invites young innovators aged 18–28 to apply for national innovation initiative