RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Energy

Shell Investigates NNPC’s Claim on Illegal Pipeline

Rate Captain by Rate Captain
October 12, 2022
in Energy, News
Reading Time: 2 mins read
A A
0
Shell and QatarEnergy partners to build the largest liquefied Natural gas project in the world.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Shell is probing NNPC’s discovery of an illegal connection to its Trans-Escravos pipeline carrying oil into the sea. The oil major stated it is investigating whether the illegal pipeline carried stolen crude as alleged by the Nigerian National Petroleum Corporation.

The Chief Executive Officer of NNPC, Mele Kyari, said last week that through security surveillance, the state-owned corporation had uncovered an illegal connection linking Shell’s Trans-Escravos pipeline to a four kilometers theft test line running into the sea to another facility operated by the oil major and had been functional for nine years.

AlsoRead

Depot Petrol Prices Drop Below Dangote’s ₦1,300 as Marketers Compete for Buyers

NNPC Advances IPO Preparations, Addresses Governance and Reporting Shortfalls

Dangote Refinery Records N6.29 Trillion Profit in Nine Months as IPO Demand Increases.

Kyari said, “in the course of the clampdown within the last six weeks, 395 illegal refineries have been deactivated, 274 reservoirs destroyed, 1,561 metal tanks destroyed, 49 trucks seized,” he said.

“The most striking of all is the four-kilometer illegal oil connection line from Forcados Terminal into the sea which had been in operation undetected for nine solid years,” he added.

According to a report by Bloomberg, the company spokesman for Shell’s local subsidiary said in an email on Tuesday it “detected” the illegal connections on its pipeline in the crude-rich Niger Delta during “regular surveillance activities.” The producer is “conducting an investigation to establish where the theft lines end and whether there have been any breaches of the unmanned platform’s security barriers — locks etc. — or any unauthorized use of the equipment on it.”

Investigations showed that an illegal connection was attached to the Trans-Escravos pipeline and joined to the 4km Afremo test line used in diverting crude oil. According to Kyari, “the test line between Afremo A and the coast should never channel any crude oil.”

Nigeria’s oil sector has been plagued by militants and serious oil theft. This Afremo test line is only one of the illegal connection lines used in siphoning the country’s resources.

The NNPC had contracted private security firms as it works towards puting an end to the rampant crude theft that has been the reason for the clampdown in Nigeria’s oil production. One of the security companies is Tantita, by a former militant leader known as Tompolo.

Previous Post

Naira exchanges with the dollar for N729 at the black market

Next Post

DMO Offers 3 FGN Bond Re-openings for Subscription by Auction

Related News

Fuel Subsidy Removal: Should Nigeria Continue With a Regressive Petrol Subsidy?

Depot Petrol Prices Drop Below Dangote’s ₦1,300 as Marketers Compete for Buyers

by Akpan Edidong
November 4, 2026
0

Lagos and Port Harcourt Petrol depots in Lagos and Port Harcourt are now selling below Dangote Petroleum Refinery’s new ₦1,300...

NNPCL Reports Record Profit of N2.548tn, Uncovers 52 Illegal Refineries

NNPC Advances IPO Preparations, Addresses Governance and Reporting Shortfalls

by Akpan Edidong
October 15, 2026
0

The Nigerian National Petroleum Company Limited is progressing toward an initial public offering after completing a baseline readiness assessment and...

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Records N6.29 Trillion Profit in Nine Months as IPO Demand Increases.

by Akpan Edidong
October 14, 2026
0

Dangote Petroleum Refinery and Petrochemicals reported net income of N6.29 trillion for the nine months ended 30 September 2026, as...

Nigeria Exports Electricity Worth N23bn as Local Consumers Suffer Outages.

DisCos Collect N603.64 Billion in Q2 Despite Lower Power Offtake

by Victoria Attah
October 5, 2026
0

Electricity distribution companies recovered N603.64 billion from customers in the second quarter of 2026 even as the volume of power...

Next Post
DMO Offers Subscription by Auction for 3 Previously Issued FGN Bonds

DMO Offers 3 FGN Bond Re-openings for Subscription by Auction

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Petrol Hits ₦1,370 in Lagos as Depot Price Hikes Feed Through to Pumps

November 6, 2026
Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Shares Could Start Trading on December 8 After ₦2.15 Trillion IPO

November 5, 2026

Popular Story

  • Petrol Hits ₦1,370 in Lagos as Depot Price Hikes Feed Through to Pumps

    0 shares
    Share 0 Tweet 0
  • Meta plans to cut 11,000 jobs in one of the year’s largest layoffs.

    0 shares
    Share 0 Tweet 0
  • Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    0 shares
    Share 0 Tweet 0
  • Spotify Announces Cutting 1500 Jobs Amid Economic Challenges

    0 shares
    Share 0 Tweet 0
  • Angola Surpasses Nigeria, Becomes Africa’s Largest Oil Producer in August

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>