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ENVIRONMENT

FG Probes Theft in $1.1 Billion Oil Well

The largest oil and gas field financing transaction of about $1.1bn – Oil Mining License 17, owned by billionaire business tycoon, Tony Elumelu, is currently under investigation following the uncovering of an illegal oil bunkering facility connected to it, The Nigeria Security and Civil Defence Corps on Thursday, uncovered an illegal local refinery at Otamiri-Etche, Etche Local Government Area of ...

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Global Cleantech Innovation Programme key to Zero Emissions by 2060

The Global Cleantech Innovation Programme (GCIP) is important to Nigeria because it will enable the nation to achieve long-term visions such as cutting emissions to net zero by 2060 and the Sustainable Development Goals (SDGs) even before the 2030 deadline. Minister of Science, Technology and Innovation, Adeleke Mamora, who made the submission at the National Forum and Award Ceremony of ...

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Shell Completes Acquisition of Nature Energy, Renewable Natural Gas Producer

In its cleaner energy expansion drive aimed at achieving energy transition targets, Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has completed the acquisition of 100 per cent of the shares of Nature Energy Biogas A/S (Nature Energy).By purchasing the shares in Nature Energy, Shell has acquired the largest producer of renewable natural gas (RNG) in Europe, its ...

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Low-carbon Investments to Rise by $60 Billion in 2023 as Inflation Weakens

Spending on low-carbon projects will increase by $60 billion this year, 10 percent higher than 2022, led by wind developments but helped by a significant rise in funding for hydrogen and carbon capture, utilization and storage (CCUS) infrastructure, Rystad Energy research shows. The growth in total spending is a slowdown from recent years – which averaged 20 percent annual increases ...

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FG Moves to Check Shell oil Leak on Trans Niger Pipeline

The Federal Government has sent an investigative team to investigate the leakage on Shell’s Trans Niger pipeline. Shell Petroleum Development Company confirmed the leak on its Trans Niger Pipeline, following an illegal connection in Nonwa-Uedume community axis in Tai Local Government Area of Rivers State. The pipeline was said to be an illegal connection used by refiners to steal crude ...

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Illegal Crude Oil Pipeline Uncovered in Rivers Community

The authorities of the Tai Local Government Area of Rivers State, have said they have uncovered a pipeline used by illegal refiners to steal crude oil in Nonwa-Uedume community of the state. The Executive Chairman of Tai LGA of the state, Mbakpone Okpe, disclosed this while speaking to journalists. Okpe said the discovery of the illegal pipeline on a facility ...

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Environmentalist Seeks Renewable Energy Adoption to Tackle Climate Change

An environmental expert, Mr Gafar Odubote, has tasked Nigerians on adaptation and adoption of renewable energy to address climate change effects. Odubote, the Network Coordinator, Let’s Do It World (LDIW) Africa Region, an environmental non-profit organisation, made the call, in Lagos. Odubote said the fight against climate change should go beyond mitigation to engaging in adaptation. “We can actively address ...

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Oil Spills: Shell Accepts to Pay €15 Million Compensation to 3 Farmers in Niger Delta

Shell, an international energy company, has accepted to pay €15 million compensation to three Nigerian farmers and their villages in Niger Delta. The farmers with the help of the Friends of the Earth, Netherlands, and two Nigerian lawyers, Chima Williams and Channa Samkalden, had in 2007 initiated legal proceedings in Hague, for oil pollution in Goi, Oruma and Ikot Ada ...

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