Shell
4 days ago
The clean-up project in Ogoniland in the Niger Delta region by Shell has been described as a "con" and a "scam" that has wasted money and left the people of the land to continue living with the devastating impact of oil pollution—13 years after a ground-breaking UN report exposed the seriousness of their situation. The…
4 days ago
Nigeria can meet oil production targets and implement ambitious development programmes from deep-water oil and gas operations if it continues with policies to encourage investments and boost output in the sector, Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo,) Ronald Adams has said. “Deep water is a compelling consideration for Nigeria if the…
6 Feb
The House of Representatives has called on the Federal Government to halt the divestment of oil assets by Shell and TotalEnergies
30 Jan
British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs.
23 Jan
The House Committee on Public Accounts is beaming its searchlight on the Central Bank of Nigeria (CBN) and Shell Petroleum over alleged money laundering, fraudulent deductions, and other financial crimes by their staffers. The committee, chaired by Mr Mike Etaba, dropped the hint during the hearing of a petition by Maiden Systems Ltd against Sterling…
22 Jan
A Federal High Court in Abuja has commenced hearing of a suit filed by Global Gas and Refining Limited, seeking an order restraining Shell Petroleum Development Company of Nigeria Limited (SPDC) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) from selling its onshore asset to Renaissance, a consortium made up of ND Western, Aradel Energy,…
3 Jan
The divestment of onshore and shallow water assets by International Oil Companies (IOCs) in Nigeria could enable indigenous oil producers to control up to 70 per cent of the country’s oil production. Oluseye Ekun, Chairman of the Management Session Committee at the Nigerian Association of Petroleum Explorationists (NAPE), disclosed this, noting that IOCs, including Shell,…
18 Dec
In a statewide protest, a coalition of Niger Delta groups, civil society organisations, and community leaders have called on President Bola Tinubu to halt the proposed divestment of Shell and TotalEnergies’ assets in the region.
16 Dec
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. In a post on its website, the company said Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and…
16 Dec
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced its final investment decision (FID) for the Bonga North deepwater project off the coast of Nigeria. Bonga North, a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility, is expected to sustain oil and gas production…
16 Dec
The Shell Petroleum Development Company of Nigeria (SPDC) on Monday said the reported oil leak from the Bonny Oil Export Terminal will not affect oil exports. SPDC noted that the incident affected only a section at one out of the three loading buoys, which has been isolated. Mrs Gladys Afam-Anadu, SPDC’s Media Relations Manager, told…
5 Dec
Shell Companies in Nigeria awarded $1.98 billion worth of contracts to indigenous firms in 2023, reflecting a 3% increase from the $1.92 billion recorded in 2022. At the 13th Practical Nigerian Content Forum in Bayelsa State, SNEPCo’s Managing Director Ron Adams, represented by Olaposi Fadahunsi, explained that the contracts have enabled local firms to expand…