Oil and Gas
Renaissance reports oil spill from illegal pipeline connection
Nigeria’s Renaissance Africa Energy Co. Ltd has confirmed an illegal connection on its Okordia-Rumuekpe pipeline at Oshika community in Nigeria’s coastal Rivers state caused a spill, the independent oil producer said on Monday. The company was immediately isolating the pipeline and stopping production to minimize potential environmental impact, a spokesperson said in a statement. It has informed government regulators and is coordinating a mandatory joint investigation. This probe, involving government and local community representatives, will determine the cause and impact of the incident, the company said.
Monday’s oil spill marks the second incident this month on the Okordia Rumuekpe pipeline and the third across Renaissance’s operations. Last Friday, the company, which now owns former Shell Nigeria onshore assets, halted production on a line feeding the Trans Niger oil pipeline, a crucial artery transporting crude from onshore fields to the Bonny export terminal, following an operational incident.
-
Finance2 days agoCBN confirms 82 BDCs fully licensed under revised guidelines
-
Economy2 days agoBayelsa bans illegal mining activities
-
Economy2 days agoMiners kick against northern governors’ proposed ban on mining activities
-
News22 hours agoNASS members vow to delay Tinubu’s 2026 budget over constituency projects funding
-
Uncategorized2 days agoCentral bank body BIS raises concerns of gold and stocks double bubble
-
Uncategorized2 days agoVisiting US lawmaker say rescue of 100 children a positive security step forward
-
Economy22 hours agoAfrexim says Africa must raise factoring volumes to at least €240bn to support SME led transformation
-
Finance2 days agoNigeria’s foreign reserves hits $45bn, rose by $374.66m in one week