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Shell-led firms hauled $142m at NDDC in 2023
Sopuruchi Onwuka A total of $142.5 million was paid to the Niger Delta Development Commission (NDDC) last year by The Shell Petroleum Development of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo). Shell stated that its…
Bonga is Asset of the Year in Shell Group
Nigeria’s premier deep-water development, Bonga, operated by Shell Nigeria Exploration and Production Company Limited (SNEPCo) has won the coveted Asset of the Year award in the Shell Group for 2023. Shell’s ,edia team in Nigeria stated that the award would…
NLNG operations not impacted by Gbarain Ubie gas plant explosion
Africa’s biggest gas liquefaction and export company, the Nigerian Liquefied Natural Gas (NLNG) Limited, has declared that its operations are not affected by the explosion reported at Shell operated processing plant at Gbarain Ubie. The Oracle Today had in its…
Mistakes in divestment process come with consequences __NUPRC
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called for patience of players in the industry over the pending divestment of commercial interest from international oil companies to mainly indigenous independent petroleum companies; warning that any mishap in…
Investments by IOCs to drive Africa’s oilfiled activities in 2024
Sopuruchi Onwuka Investment pledges by the leading international oil companies (IOCs) are showing positive business propositions for service providers, drilling contractors that play in the African petroleum terrains. Some of the IOCs including TotalEnergies, Shell and Chevron have all confirmed…
Divestments: ‘No, we’re not leaving onshore,’ IOCs tell Nigeria
Sopuruchi Onwuka Despite the prevailing rave about the exit of foreign multinational companies from joint venture operations with the Nigerian National Petroleum Company (NNPC) Limited, TotalEnergies and Chevron still have a longer outlook for portfolios located onshore Niger Delta. Shell…
Red Sea ship diversions unsettle vessel charter, bunker markets
* Shell, MOL, others halt all transits Sopuruchi Onwuka Continued Pirate attacks by unyielding Yemeni Houthi rebels on international shipping lines and the deterring airstrikes by the United States and the United Kingdom have made crossing canals and seas in…
Shell cashes out from SPDC JV with $2.4 bn
Sopuruchi Onwuka Shell has finally pulled a foot from the Nigerian conventional petroleum play after selling off the combined interest of multinational private entities in the NNPC/Shell/TotalEnergies/Eni exploration and production Joint venture for a total of $2.4 billion. Shell stated…
Diezani: Who goes to jail?
Sopuruchi Onwuka The pressing of charges on Mrs Diezani Alison-Madueke, now popularly known as Diezani, is set to burst a can of worms in the lingering intrigues that held millions of Nigerians spellbound over drawn out corruption case involving millions…
Shell battles another oil spill mess
Sopuruchi Onwuka Shell Petroleum Development Company (SPDC) Nigeria Limited is back to arguments over its liability to environmental remediation related to massive oil spill affecting farm lands, fresh water and fishes in the operating environment. First hand reports hold that…
