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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Shell reports oil spill in Nigeria after saver pit overflows

    Published by Global Banking and Finance Review

    Posted on February 4, 2025

    Featured image for article about Finance

    YENAGOA, Nigeria (Reuters) - Shell reported an oil spill on Tuesday at Ogale, near Port Harcourt, after a saver pit overflowed during flushing operations in the Niger delta region.

    The oil major's Nigeria business said its spill response team contained the overflow and informed authorities.

    It added that arrangements were being made for a regulator-led joint visit to determine the cause and impact of the spill, a Shell spokesperson said in a statement.

    Decades of oil spills have blighted Nigeria's Niger River delta region, causing widespread environmental damage that has destroyed the livelihood of millions in the local communities and impacted their health.

    Youths and Environmental Advocacy Centre (YEAC-Nigeria) said it had reported the spill to Shell. It said the spill occurred after an underground pit filled with crude started flowing to a pipeline that separates an area of the Ogoni cleanup project, the advocacy group said in a statement.

    (Reporting by Tife Owolabi; Writing by Chijioke Ohuocha; Editing by David Goodman and Emelia Sithole-Matarise)

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