Oil & Energy
Bayelsa Oil Spill: SPDC To Compensate Victims
The Shell Petroleum Development Company (SPDC) has promised to compensate the victims of the Trans Ramos Pipeline that ruptured and spilled about 1,114 barrels of crude oil into the environment on May 17, in Bayelsa State.
Media Relations Manager, SPDC, Mr Bamidele Odugbesan in an email update also said integrity tests were being conducted on the pipeline.
Odugbesan also assured that post investigation activities including discussions on compensation to impacted people were underway. “The Trans Ramos Pipeline has been repaired and is undergoing extensive testing prior to restart. We cannot give precise timing yet for restart of the line as it depends on the outcome of the testing.
“Statutory post-JIV activities are ongoing, which include. site assessment, remediation, and payment of compensation to people and communities impacted by the spills,” Odugbesan said.
The oil leak had impacted and polluted an estimated area of 113.03 hectares.
A joint Investigation Visit (JIV) report of the incident had concluded that the leak on the pipeline at three spots were caused by equipment failure.
The impacted areas in Aghoro 1 and 2 Communities in Ekeremor Local Government Area, Bayelsa and Odumodu community in Delta are being cleaned up and remediated.
Meanwhile, the SPDC has decried the high rate of vandalism on its pipeline network at its oilfields in Bayelsa resulting to oil leaks and pollution of the environment.
Odugbesan said although the May 17 oil spill on the Trans Ramos Pipeline was traced to equipment failure, many other leaks were predominantly caused by sabotage.
“The rate of spills on the Trans Ramos Pipeline is very worrisome, for instance between April and May 26, spill incidents were reported on that line and out of these, 18 of them were caused by sabotage, eight were operational,” he said.
He said more that 90 per cent of spills recorded in its operations in 2017 were related to sabotage while the oil firm lost an average of 9,212 barrels of crude.
Oil & Energy
NCDMB Unveils $100m Equity Investment Scheme, Says Nigerian Content Hits 61% In 2025 ………As Board Plans Technology Challenge, Research and Development Fair In 2026
Oil & Energy
Power Supply Boost: FG Begins Payment Of N185bn Gas Debt
In the bid to revitalise the gas industry and stabilise power generation, President Bola Ahmed Tinubu has authorised the settlement of N185 billion in long-standing debts owed to natural gas producers.
The payment, to be executed through a royalty-offset arrangement, is expected to restore confidence among domestic and international gas suppliers who have long expressed concern about persistent indebtedness in the sector.
According to him, settling the debts is crucial to rebuilding trust between the government and gas producers, many of whom have withheld or slowed new investments due to uncertainty over payments.
Ekpo explained that improved financial stability would help revive upstream activity by accelerating exploration and production, ultimately boosting Nigeria’s gas output adding that Increased gas supply would also boost power generation and ease the long-standing electricity shortages that continue to hinder businesses across the country.
The minister noted that these gains were expected to stimulate broader economic growth, as reliable energy underpins industrialisation, job creation and competitiveness.
In his intervention, Coordinating Director of the Decade of Gas Secretariat, Ed Ubong, said the approved plan to clear gas-to-power debts sends a powerful signal of commitment from the President to address structural weaknesses across the value chain.
“This decision underlines the federal government’s determination to clear legacy liabilities and give gas producers the confidence that supplies to power generation will be honoured. It could unlock stalled projects, revive investor interest and rebuild momentum behind Nigeria’s transition to a gas-driven economy,” Ubong said.
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