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.
-
Economy1 day agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
News1 day agoCardoso formally receives Central Bank of the Year Award
-
Finance6 hours agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Uncategorized1 day ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Stock Market6 hours agoFG to raise N4trn bond to settle electricity debt
-
Oil and Gas1 day agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas1 day agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News1 day agoMiddle East Conflict sends global growth to lowest rate since COVID-19, WBG to Provide up to $100bn for Affected countries over 15 Months—WBG
