Shell said it has reached an agreement to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance. Renaissance is a consortium of five firms made up of four exploration and production companies based in Nigeria and also an international energy...
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Oil giant Shell sees $6 billion in investment opportunities in Nigeria, especially in offshore, gas and liquefied natural gas (LNG) projects, the country’s presidency said in a statement on Friday. Nigeria, the continent’s top economy and major oil producer, is seeking to attract more foreign investment...
Seven communities at the Shell Petroleum Development Company (SPDC) Estuary Area (EA) in Bayelsa, have insisted on their autonomy in development matters. The communities in Ekeremor Local Government Area (LGA) said they will continue to resist plans by SPDC to join them with five others in the Host Community...
The Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture (JV), has unveiled three Host Communities Development Trusts (HCDTs) in Delta in line with the Petroleum Industry Act (PIA). Mr Osagie Okunbor, the Managing Director of SPDC Nigeria Ltd. and Chairman, Shell Companies in Nigeria stated this...
Stakeholders at the Nigeria Oil and Gas (NOG) Conference and Exhibition have called for an equitable energy mix to enhance transition in consideration of Green Hydrogen investment and Carbon Capture and Storage (CCS) Technology. The stakeholders made this known during a panel session tagged “ Candid Conversation: Defining the...
Shell on Thursday posted a first-quarter (Q1) net profit of $9.65 billion as strong earnings from trading and higher Liquefied Natural Gas (LNG) sales offset cooling energy prices, while extending its large share repurchase programme. The stronger-than-expected profits followed a string of forecast-beating results from rivals including BP and Exxon...
Shell Petroleum Development Company Nigeria Limited, TechnoOil Group, Schlumberger and other international and indigenous oil and gas companies emerged winners at the sixth edition of the Nigeria International Energy Summit (NIES 2023) Industry Awards. The annual prestigious NIES Energy Industry Awards is bestowed on individuals and organizations that cemented...
By OLA MUDOPE, Lagos – The Shell Petroleum Development Company of Nigeria Ltd., (SPDC), operator of the SPDC joint venture, says it has lifted the force majeure on Bonny export programme with effect from March 15, 2023. Mrs Bola Essien-Nelson, the Media Relations Manager of SPDC, confirmed this in...
The Shell Petroleum Development Company of Nigeria (SPDC) says investigation into Friday’s explosion at the Rumuekpe section of Trans Niger Pipeline (TNP) in Rivers, shows the blast was caused by activities of oil thieves. SPDC in an update statement on Sunday, noted that a joint investigation by representatives of...
Shell, an international energy company, has accepted to pay €15 million compensation to three Nigerian farmers and their villages in Niger Delta. The News Agency of Nigeria (NAN) reports that farmers with the help of the Friends of the Earth, Netherlands, and two Nigerian lawyers, Chima Williams and Channa...
Shell Companies in Nigeria have been named the best local content operators at the 2022 annual industry dinner and awards ceremonies of the Petroleum Technology Association of Nigeria (PETAN). The dinner and awards was held in Port Harcourt, Rivers. This is contained in a statement by Mrs Abimbola Essien-Nelson,...
Shell Petroleum Development Company (SPDC) has resumed export operations at the Forcados Oil Export Terminal, where repair works on the pipeline has been going for some days. The SPDC’s Media Relations Manager, Mrs Abimbola Essien-Nelson, confirmed this to the News Agency of Nigeria (NAN) on Friday in Lagos. NAN...
The Senate, on Wednesday at plenary constituted an Ad Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and violation of Joint Venture Agreement entered i with the Federal Government. The Ad Hoc committee was mandated to investigate the Oil Mining Lease granted...
BY EMEKA CHIKWE, Yenegoa – Energy company, Shell, has inaugurated the second and final phase of its comprehensive health care projects for Oloibiri and other communities in Ogbia Local Government area of Bayelsa State. “Corporate Social Responsibility means doing well. What you have done today means you’re doing well....
By EMEKA CHIKWE, Asaba – The Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) has inaugurated a state-of-the-art Information and Communication Technology (ICT) Centre at the Federal University of Petroleum Resources, Effurun, in Delta State. The 100-seater one-storey building was built and equipped...
By JOY ADARA, Abuja – The Federal Inland Revenue Service has named Shell as a “leading tax compliant organisation in Nigeria for 2021.” At an award ceremony in Abuja last week as part of the second annual National Tax Dialogue, Shell companies in Nigeria also won the award for...
By EZEKIEL OBI, Abuja – The Federal Government has appealed to partners in Nigeria Liquified Natural Gas (NLNG) project to allow transportation of third-party gas through its joint pipelines to increase gas supply to the plant. Chief Timipre Sylva, Minister of State Petroleum Resources, made the appeal during an...
