Royal Dutch Shell, the parent body of Shell Nigeria Exploration and Production Company Limited (SNEPCo), has attributed the persistent oil pipeline spillage in the Niger Delta region of the country to sabotage and oil theft. The global oil giant in a report said saboteurs, including thieves, caused an 80 per cent increase in the number…
Read MoreDeveloping nations of the world including Nigeria will require between $280 and $500 billion to finance climate change adaptation investments in their jurisdictions, a new policy brief by the International Monetary Fund (IMF) has disclosed. The brief – ‘fiscal policies for implementing Paris climate strategies’, was recently released by the IMF. It contained amongst others,…
Read MoreJust as Nigeria gets to grips with militants who brought the nation’s oil industry to its knees a few years ago, another group of longstanding foes are slowly making a comeback: thieves. Saboteurs including thieves caused an 80% increase in the number of spills in 2018, Royal Dutch Shell Plc, the largest international producer in…
Read MoreThe Niger Delta Development Commission (NDDC) says it will soon complete ongoing pilot power projects built for communities in Rivers. The commission listed Ubima community and several other unnamed communities in Ikwerre Local Government Area (LGA) as communities to benefit from the power project. NDDC’s Managing Director, Prof. Nelson Brambaifa, disclosed this in a statement…
Read MoreThere are strong indications that Nigeria is moving in the direction to cut the level of sulphur allowed in imported fuels this year. The cap is reportedly still 10 times above what health campaigners urge. In oil-for-product exchange contracts, the Nigerian National Petroleum Corporation, NNPC has asked for diesel and gasoline at a maximum of…
Read MoreThe Department of Petroleum Resources (DPR), international oil companies (IOCs), security agencies, community leaders and other stakeholders yesterday warned that oil theft was retarding the national economy and fuelling environmental pollution in the resource-rich Niger Delta region. They said the multinationals and indigenous operators had adversely been affected one way or the other by the…
Read MoreThe Nigerian Army has said it destroyed no fewer than 120 illegal refining sites in the Niger Delta, insisting that its action was in line with its mandate to curb economic sabotage and insecurity in the country. Acting Director of Army Public Relations, Col. Sagir Musa, explained that following intensified coordinated anti-illegal oil bunkering and…
Read MoreCHEVRON Nigeria Ltd (CNL) on Tuesday disclosed that it is currently working with emergency response contractors to safely and swiftly put out the Ojumole Well 1 fire in Western Niger Delta. This is just as the oil giant hinted that it has also deployed accredited independent environmental consultants to monitor the environment around the impacted…
Read MoreA leading Nigerian Electricity Distribution Company, Ikeja Electric Plc (IE), has reiterated its commitment to ensure the safety of its staff across the company’s network areas. In a statement made available to THISDAY yesterday, the Head of Corporate Communications, IE, Mr. Felix Ofulue, said that the company was aware of the wave of malicious attacks…
Read MoreThe Federal Government is reportedly losing over $700 billion to the Belema flow station shut down two years ago in Akuku-Toru Local Council of Rivers State. The facility, operated by Shell Petroleum Development Company (SPDC), was closed in August 2017 following a series of protests by youths and elders from two communities of Kula kingdom.…
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