Insider Secrets

Insider Secrets

Learn how the PROs are making money from the oil and energy market.

Loading, please wait

Men Arrested for Nigerian Pipeline Attack, Hired by Shell to Fix Pipe

By
Posted on Mon, 24 June 2013 21:38 | 0

For months Royal Dutch Shell has been pressuring the Nigerian government to crack down on oil thefts, which it estimates to cost the country 150,000 barrels of oil a day. Thieves attack pipelines and then syphon of as much oil as they can before disappearing. The damage to the pipes causes constant spills and fires, and repairs are not cheap.

Last week Shell’s Nigerian unit, Shell Petroleum Development Co. of Nigeria (SPDC) had to close its 150,000 barrel a day Trans Niger pipeline after an explosion in Bodo West.

Nigerian military authorities have just announced that they have arrested eight people charged with involvement in the attack. It turns out that the perpetrators were under contract to Shell.

Related Article: Has Piracy Around the Horn of Africa Gone?

Onyema Nwachukwu, a spokesman for the Military Joint Task Force, said that they “have arrested eight persons in connection with the recent fire outbreak on an SPDC pipeline. They will be handed over to an appropriate prosecuting agency if found culpable at the end of the investigations.”

The eight people were discovered on tug boats near to the pipeline. They worked for Steve Integrated Technical Service and Sege Marine, both companies that had been hired to fix the broken pipelines. Had they merely been trying to supply the demand for their own services?

By. Charles Kennedy of Oilprice.com


Join the discussion

Special Reports

8 Mega Trends

8 Mega Trends

By Oil & Energy Insider Analysts

8 OIL & GAS INDUSTRY MEGA-TRENDS AND HOW TO PROFIT FROM THEM
Here's what our 400 global energy assets are telling us to be prepared for right now...

LNG Technology

LNG Technology

By Oil & Energy Insider Analysts

THE "FLOATING REFINERY" STOCK THAT COULD FUND YOUR RETIREMENT
This company's incredible tanker technology could eliminate many of the world's offshore pipelines...

Subsea Production

Subsea Production

By Oil & Energy Insider Analysts

THE END OF OFFSHORE DRILLING?
This disruptive market will grow 84% to 270% over the next five years: Discover the 6 equipment suppliers set to profit.

Be the first to comment on this article.