Oil and Gas
Renaissance halts oil output via pipeline after spill
Renaissance Africa Energy Co. Ltd has halted oil shipments via its Okordia-Rumuekpe pipeline in the coastal Rivers state following a spill, the independent oil firm said on Tuesday. The pipeline, which transports crude oil south to the Rumuekpe manifold for export via the Bonny terminal, experienced the spill in the early hours of Monday in Ikata community in the Ahoada East district of the state, according to the Youths and Environmental Advocacy Centre (YEAC-Nigeria). The environmental group’s volunteer network initially detected the spill.
Renaissance, owner of a former Shell onshore subsidiary which operates the pipeline, has halted production into the pipeline and taken measures to minimize potential environmental damage, a spokesperson said in a statement. While Renaissance did not disclose the cause or scale of the spill, YEAC-Nigeria said it was likely due to third-party interference, with crude oil spreading into the surrounding environment.
Renaissance has notified government regulators and is coordinating a joint investigation with regulatory bodies and the local community. Persistent oil spills and pipeline vandalism plague Nigeria’s oil-rich Niger River delta, causing pollution that harms local communities and ecosystems, and frequently disrupting oil production. Volunteers who visited the site of the Okordia-Rumuekpe spill found evidence of excavation and vandalism on the pipeline, said Fyneface Dumnamene Fyneface, a YEAC-Nigeria
-
Economy1 day agoDubai’s consumer electronics maker, Maser Group to invest $1.6bn in Nigeria, others
-
Oil and Gas1 day agoEdo govt, NNPC partner to establish 10,000bpd condensate refinery
-
Economy1 day agoFG inaugurates OGFZA, NEPZA boards for industrial growth
-
News1 day agoNigeria inaugurates economic strategy to harness $8 trn global halal market
-
Oil and Gas1 day agoOil falls as investors assess US-Iran talks
-
News1 day agoGlobal digital currency, Crypto market capitalization crashes to $2.2trn on extreme fear
-
Stock Market1 day agoNGX hits N110trn as market market capitalisation appreciated by 1.01%
