Another explosion rocks OML 40, 10,000 barrels affected – Newstrends
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Another explosion rocks OML 40, 10,000 barrels affected

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3 years ago

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Another explosion on Tuesday November 3 rocked a production facility in Oil Mining Lease (OML) 40, impacting about 10,000 barrels of oil per day.

The explosion, it was learnt, occured four months after a similar incident at the same OML 40 had killed seven people in July this year.

The Nigerian Petroleum Development Company, an upstream subsidiary of the Nigerian National Petroleum Corporation, which confirmed this in a late night statement on Tuesday, added that no casualty or injury was recorded from the explosion.

The statement issued by the Group General Manager, Group Public Affairs Division, Dr Kennie Obateru, said, “The Nigerian Petroleum Development Company (NPDC), an upstream subsidiary of the Nigerian National Petroleum Corporation, has reported an explosion at a production facility in Oil Mining Lease (OML) 40 involving its partners Elcrest Exploration and Production Nigeria Limited while carrying out production evacuation at Gbetiokun Early Production facility.

“There were no fatalities or injuries and no significant spill in the incident.”

It also said, “There was, however, significant damage to the marine storage vessel, MT Harcourt, which will impact production by about 10,000barrels of oil per day.

“The NNPC has since commenced investigation to ascertain the cause of the incident with a view to averting future occurrence.

A similar fire incident on the OML 40 in July led to the death of seven people.

The NNPC then reported an explosion at its Benin River Valve Station (BRVS).

It said the explosion took place at the Oil Mining Licence (OML) 40, which is operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture.

The incident, which occurred on Tuesday, July 8, at the installation of a ladder on a platform (Benin River Valve Station) for access during discharging of Gbetiokun production, unfortunately caused seven fatalities.

A detailed investigation of the cause of the explosion has started, while the Department of Petroleum Resources has been duly notified and Form 41 was being prepared for the industry regulator as required in circumstances of this nature.

The bodies of casualties have been deposited in a morgue in Sapele, while families of the personnel involved are being contacted by their employers: Weld Affairs and Flow Impact, which are consultants to NPDC.

According to Obateru, all personnel on board the platform have been fully accounted for.

The NNPC Group Managing Director, Mallam Mele Kyari, in the statement commiserated with the families of the bereaved.

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Why the world didn’t end on April 25, by Prophet

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3 mins ago

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April 27, 2024

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Prophet Metuh

Why the world didn’t end on April 25, by Prophet

Self-proclaimed preacher Prophet Metuh, who declared that the world would end on Thursday, April 25 has explained why the prophecy was averted.

Metuh, on X, said the prophecy didn’t come to pass because he and his members held a 21-day fasting and prayer.

He wrote: “The Lord showed us Mercy. After our  21-day fasting and prayer, he heard us and gave us more time to live. Prayer works #rapture2024 #rapture”

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Reacting, @Pedwardx said: It’s the shamelessness for me. Kindly repent.”

@yesscoco asked: “So how many more days did God give us prophet? .”

@abeeb_azeez stated: “Alagba Metu you no go rest.”

@Adesoji85832525 argued: ” Sir, just say you want to start your skit career we will understand better.”

Why the world didn’t end on April 25, by Prophet

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Edo Election: Group accuses INEC of disenfranchising voters

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32 mins ago

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April 27, 2024

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Edo Election: Group accuses INEC of disenfranchising voters

A coalition of civil society organizations, under the aegis of the Conference of Non-Governmental Organizations (CONGOS), has raised an alarm over the alleged denial of the voting rights of Edo State citizens by the Prof. Yakubu Mahmood-led Independent National Electoral Commission (INEC).

Speaking at an emergency press conference in Benin City, the Edo State capital on Friday, president of the group, Comrade Abiola Daisy Igaga, accused INEC of flouting the provisions of the Electoral Act by not allowing potential voters register to vote.

According to Igaga, the press conference was organized to draw the attention of INEC and the general public to INEC’s disregard of Electoral Act 2022 as amended; and to the constitutionality of the continuous voter registration (CVR) exercise towards ensuring that people are not unjustly disenfranchised.

“This is very important if the election is to be seen as inclusive and credible,” Igaga said.

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Igaga expressed concerns that with the governorship election scheduled for September 21, INEC had not commenced the CVR exercise in Edo State despite clear provisions of the Electoral Law – specifically Section 10.1 of the electoral act – which states that: “There shall be continuous registration of all persons qualified to be registered voters.”

She therefore called on INEC to immediately obey the law, especially as a combined reading of Section 10.1 with Section 9.6 which states that CVR should end 90 days before an election means that INEC must conclude the exercise on or before the 21st of June, 2024.

“A reasonable percentage of the populace does not have confidence in the electoral process. It is the responsibility of INEC to consciously address the concerns of the people by delivering elections that are seen as free, credible and most importantly inclusive.We therefore call on the Chairman of INEC, Prof. Yakubu Mahmood to live up to his promise to strengthen our electoral process.” Comrade Igaga added.

The group pledged to work with INEC to deepen voter education and combat voter apathy.

It called on the commission to show good faith by immediately resuming the CVR exercise in Edo State, adding that it is a mandatory provision of the law.

Edo Election: Group accuses INEC of disenfranchising voters

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FG borrows N3.8trn from CBN in 6 months, says new report

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44 mins ago

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April 27, 2024

By

Nigeria’s Minister of Finance, Mr Wale Edun

FG borrows N3.8trn from CBN in 6 months, says new report

In the last six months of 2023, the Federal Government of Nigeria received an additional N3.8 trillion in what appeared to be a fresh Ways and Means borrowing, according to a provisional data published in the latest statistics bulletin for the fourth quarter of the year recently released by the Central Bank of Nigeria (CBN).

This is despite claims by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, that the President Bola Tinubu government had not borrowed money from the CBN.

The CBN’s provisional data showed that the total figure rose from N4.4 trillion at the end of June 2023, meaning that the cumulative Ways and Means balances due by the government grew to N8.2 trillion as at December 2023.

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Total Ways and Means balances as at May 2023 when the Tinubu administration took over was N26.95 trillion. However, the balances were securitised as included as part of the federal government’s domestic debt profile.

A breakdown of the data shows that the balance at the end of June 2023 was N4.36 trillion, indicating that the prior month balances may have been moved to the Debt Management Office.

However, from July 2023, the balances increase every month, first to N4.5 trillion in July, then N5.1 trillion in August, crossing the N5.1 trillion mark for the first time.

By September, the total was N6.4 trillion, representing the single largest additional borrowing for a month with about N1.3 trillion. It then climbed to N7.2 trillion in October before rising marginally to N7.6 trillion in November.

At the end of the year, in December, the total hit N8.21 trillion, suggesting that Ways and Means increased by 88 per cent in six months.

FG borrows N3.8trn from CBN in 6 months, says new report

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