Chevron, Total, Shell others to divest $27 billion assets
International Oil Companies (IOCs), including ExxonMobil, Chevron, BP, Total, Shell, and ConocoPhillips are planning to sell assets worth $27.5 billion in bid to invest in new regions, new research by Rystad Energy has said.
CSOs seek revocation of Shell's OML 25 licence
A coalition of civil society organisations in Nigeria is seeking the revocation of the Shell Petroleum Development Company's (SPDC) operating license for OML 25 in Akuku-Toru Local Government Area of Rivers State.
Shell blames lower energy prices for profit squeeze
Energy giant Royal Dutch Shell said Thursday its net profit was halved in the second quarter due to lower oil and gas prices as well as lower margins in refining.
NNPC, Shell mull oil reserves increase, closer ties
Nigerian National Petroleum Corporation (NNPC), and its joint venture partner, Shell Petroleum Development Company (SPDC), have expressed commitment to grow existing business relationship aimed at increasing the nation’s crude oil reserves.
MOSOP vows to resist resumption of oil exploration in Ogoni
Movement for the Survival of the Ogoni People (MOSOP) has warned against a possible crackdown on the Ogoni people to forcefully resume oil exploration in the area. President of MOSOP, Fegalo Nsuke, while addressing newsmen in Abuja yesterday, claimed allies of Shell Petroleum Development Company (SPDC) disguised as Ogoni leaders to champion the plan. He…
Petroleum sector braces for robotics as adoption hits $277.8bn
Oil and gas industry is set to speed up the adoption of robotics in upstream, midstream, and downstream activities with the aim of driving efficiency and productivity in the face of uncertainties. A report released on ‘Robotics in Oil & Gas’ by a global think-tank, GlobalData, said the sector is seriously gearing up for use…
Neconde secures $640m refinancing deal to drive oil production
A consortium of seven local and international lenders has signed an agreement to refinance Neconde Energy Limited’s existing Senior Secured Medium-Term Loan Facility Agreement worth $640 million, following a 20-year renewal of its Oil Mining Licence (OML), effective June 2019. Neconde is in a Joint Venture (JV) with the Nigerian Petroleum Development Company (NPDC) in…
FG arraigns journalist Jones Abiri for terrorism, economic sabotage
The Nigerian government on Wednesday arraigned journalist Jones Abiri for alleged economic sabotage and terrorism. Federal prosecutors filed three counts of terrorism, economic sabotage, and fraud against Abiri, his lawyer, Samuel Ogala said. Court file stated that Abiri had in a text message threatened Shell and Agip officials that he will blow their oil installations…
Oil and government workers freed in Nigeria: police
Two Shell oil and four government emergency workers kidnapped in Nigeria's restive oil-rich south in two separate attacks last week have been freed, police said Wednesday.
Samsung, Shell receive Nigerian Content award
Samsung Heavy Industries Nigeria Limited (SHIN) and Shell companies in Nigeria have been honoured by Nigerian Oil and Gas Opportunity Fair (NOGOF) for outstanding performance in content development. The fair, in its second edition, was organised by the Nigerian Content Development and Monitoring Board (NCDMB). While SHIN was recognised for its contributions to local content…