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Tag: oil pipeline

Massive Oil Theft, High Pipeline Repairs Cost, Bleeding Nigeria’s Economy

Oil pipeline
At 200,000bpd, over $29bn lost to theft in six years Over N700bn expended on repairs, maintenance A combination of huge oil pipeline repairs cost and a high-level crude oil theftRead More

Vandalism Of Total’s Pipeline Forces Shutdown Of 504MW Alaoji Power Plant

Niger Delta Power Holding Company (NDPHC)
The Niger Delta Power Holding Company (NDPHC) has announced a shutdown of the Alaoji Power Plant in Abia State following the vandalisation of the plant’s gas supply pipeline belonging toRead More

FG: Cause Of Nembe Oil Spill Yet To Be Determined

National Oil Spill Detection and Response Agency (NOSDRA)
Warns against speculation Denies loss of 200,000 barrels of oil, Sylva-led delegation visits communities •Halliburton confirms engagement by Aiteo Three weeks after a pipeline explosion in Nembe, Bayelsa State, whichRead More

NNPC Spent N126bn On JV, Oil Search In January

Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC) funded its Joint Venture oil and gas assets, which it holds with mostly multinational oil companies, with a total of N104.7 billion in January,Read More

FG, Oil Firms Lose N24bn In Eight Days Due To Pipeline Shutdown

Oil Pipeline
The Federal Government and some oil companies lost an estimated $67.92m (N24.45bn) in revenue in eight days, due to the suspension of exports of Forcados, one of the nation’s largestRead More

Another NNPC Pipeline Leaks In Satellite Town, Lagos

Oil Pipeline
The Nigerian National Petroleum Corporation (NNPC) pipeline along Ojukwu Street, Navy Town area of Satellite Town in Lagos is reportedly leaking. The Director-General of Lagos State Emergency Management Agency, Mr.Read More

Scores Injured, Buildings Collapsed In Explosion That Rocked Lagos

Pipeline explosion rocks Lagos
Several people were reportedly injured following an oil pipeline explosion that occurred on Sunday, March 15th, 2020 in Abule Ado, Amuwo Odofin Local Government Area (L.G.A.) of Lagos State. ResidentsRead More