Hector Igbikiowubo

In yet another twist to the unfolding scenario in the Niger Delta, Kedere youths in Ogoniland have shut the valve on the Bomu manifold located on the Trans-Niger pipeline, effectively shutting-in 150,000 barrels per day of crude oil output from the Shell Petroleum Development Company operated joint venture. This caused oil prices to rebound slightly after falling sharply the previous day. Shell announced Wednesday that 150,000 bpd of crude oil production has been locked in at its Bonny Light ...read more