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Shell to divest renewable ventures to focus on LNG in next decade energy production
Sees 60% percent LNG growth by 20240 European oil multinational, Shell, had declared intention to pursue low carbon energy production in the next 10 years, focusing on liquefied natural gas (LNG) as the biggest contribution to the energy industry in…
TotalEnergies’ $510m OML118 divestment scales regulators approval
Shell, Eni to pay $35.7m to FG Sopuruchi Onwuka Government has approved the deal by TotalEnergies to sell off its 12.5 interest in the deepwater Oil Mining Lease (OML) 118 to Shell Nigerian Exploration and Production Company (SNEPCO) Limited and…
Divestments: UN body indicts IOCs on remediation breaches
Sopuruchi Onwuka The lingering concerns about who takes eventual responsibility for decommissioning of production facilities and remediation of oilfield environments have reached global arbitration despite earlier assurances that funding and roles have been resolved among deal parties. A panel of…
PETAN commends Shell on local content support
* Honours Adams with Excellence Award Sopuruchi Onwuka Nigeria’s indigenous petroleum industry services group, Petroleum Technology Association of Nigeria (PETAN), has commended Shell for supporting Nigerian content development. The Nigerian Content policy which is supported by the Nigerian Oil and…
Shell helps groom future energy leaders
* Hosts African young professionals Sopuruchi Onwuka Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has restated its pledge to sustain support for young professionals from Nigeria and other African countries. The company which hosted young professionals delegates at its…
Shell declares long term partnership with big project outlay
Sopuruchi Onwuka Multinational oil major, Shell, is pointing at its list of upcoming projects and rising stake in operated ventures to convince its Nigerian stakeholders that it remains in the country for the long term despite predictions that the company…
Shell goes bullish in Nigeria’s deepwater with 67.5% stake in OML 118
*Pays $1.208 bn royalties to FG, maps $5 bn for Bonga North project *Dazzles NOG delegates with elaborate exhibition Sopuruchi Onwuka After loading off its onshore exploration and production portfolios with the basket divestment of Shell Petroleum Development Company (SPDC)…
Shell donates security vehicles, ambulance to Lagos State
The Nigerian National Petroleum Company Ltd (NNPC) and Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has donated vehicles including a specialised ambulance in support of security and health services in Lagos State. The Lagos State Security Trust Fund (LSSTF)…
NIES 2025: Shell wins Best Upstream Company 2024 award
Shell Nigeria has won the Best Upstream Company 2024 award at the Nigerian International Energy Summit (NIES) which concluded in Abuja weekend. Shell stated in a release that the award which was received by Senior Vice President, Nigeria Marno de…
NCDMB commends SPDC on fabricating mooring buoys in Warri
The Nigerian Content Development and Monitoring Board (NCDMB) has commended The Shell Petroleum Development Company of Nigeria Limited (SPDC) for in-country fabrication of two Single Point Mooring (SPM) buoys. Shell awarded production of the offtake facilities to Warri based indigenous…
