News
Explosion rocks NNPC OML 40 facility managed by Elcrest
The Nigerian Petroleum Development Company (NPDC), an upstream subsidiary of the Nigerian National Petroleum Corporation, has reported an explosion at a production facility in Oil Mining Lease (OML) 40 involving its partners Elcrest Exploration and Production Nigeria Limited while carrying out production evacuation at Gbetiokun Early Production facility.
A press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that there were no fatalities or injuries and no significant spill in the incident. There was, however, significant damage to the marine storage vessel, MT Harcourt, which will impact production by about 10,000barrels of oil per day.
NNPC has since commenced investigation to ascertain the cause of the incident with a view to averting future occurrence.
-
Finance16 hours agoTotal capital importation rose in Q4 2025, says statistics bureau
-
Economy16 hours agoFG begins registration for training of 10m Nigerians on financial literacy
-
Oil and Gas16 hours agoDangote Refinery reduces petrol price to N1,200 per litre
-
Finance16 hours agoFirstBank empowers SMEs with AI-driven growth strategies, hosts SMEConnect webinar
-
News16 hours agoAfreximbank launches inaugural accelerator programme cohort to scale Africa’s Digital trade ecosystem
-
Economy15 hours agoWBG working with governments, private sector, regional partners, stakeholders to help solve Middle East war challenges challenges
-
News15 hours agoPower sector reforms attract $2bn investments – Adelabu
-
News15 hours agoDangote Refinery cautions stakeholders on IPO speculation
