Connect with us

All posts tagged "OML"

File photo for story illustration

File photo for story illustration

Headline2 months ago

Reps committee threatens to sanction 13 oil firms over $456.95m unremitted funds

The House of Representatives Public Accounts Committee (PAC) has issued a stern warning to 13 oil companies over their refusal to appear before it in an...
News5 months ago

House of Reps secures $37.43M commitment from 7 oil firms amid royalty payment probe

The House of Representatives has secured a commitment from seven oil and gas processing companies to remit a total of $37.43 million (approximately ₦58 billion) to...
Latest News9 months ago

BREAKING: 6 oil workers, 2 others feared dead as helicopter crashes in Akwa Ibom

In a devastating incident in Akwa Ibom State, six oil workers and two crew members are feared dead following a helicopter crash. The aircraft reportedly ditched...
Aerial view of Nigeria Liquefied Natural Gas (NLNG) plant at Bonny Island in Rivers State on March 22, 2013. Shell Petroleum Development Company of Nigeria (SPDC) has threatened to shut down production in April for nine days in the entire Nembe Creek Truck Line (NCTL) to remove a number of bunkering points on pipelines vandalised by oil thieves in the region. "Whenever we observe a spill, or have a spill on our lines, we shut down production to depressurize and isolate the line, only then can we safely repare our lines because it is then safe to manipulate the line", said Jurgen Jonzen, SPDC corporate pipeline asset manager. Last year, 157 bunkering points were removed and 116 were leaking on the whole SPDC exploitation. Since 2009, SPDC has exprienced an upsurge in vandalisation of pipeline network by criminals causing severe environmental devastation of the region and forcing the company to lose 60 000 barrels daily this year. AFP PHOTO / PIUS UTOMI EKPEI

Aerial view of Nigeria Liquefied Natural Gas (NLNG) plant at Bonny Island in Rivers State on March 22, 2013. Shell Petroleum Development Company of Nigeria (SPDC) has threatened to shut down production in April for nine days in the entire Nembe Creek Truck Line (NCTL) to remove a number of bunkering points on pipelines vandalised by oil thieves in the region. "Whenever we observe a spill, or have a spill on our lines, we shut down production to depressurize and isolate the line, only then can we safely repare our lines because it is then safe to manipulate the line", said Jurgen Jonzen, SPDC corporate pipeline asset manager. Last year, 157 bunkering points were removed and 116 were leaking on the whole SPDC exploitation. Since 2009, SPDC has exprienced an upsurge in vandalisation of pipeline network by criminals causing severe environmental devastation of the region and forcing the company to lose 60 000 barrels daily this year. AFP PHOTO / PIUS UTOMI EKPEI

Business10 months ago

Nigeria’s oil production declines by 1.7% in September – Reports

Nigeria’s oil production, including condensates, witnessed a decline in September 2024, falling to 1.544 million barrels per day (bpd) from 1.570 million bpd in August. This...

X