Skip to content
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…
NOGOF unveils N35.7 trn job outlook for oil contractors
Shell leads with $13 bn contracts MOMAN needs contractors for facility revamp Falcon calls for partnership Sopuruchi Onwuka Planned field development and enhanced oil and gas recovery projects in the Nigerian petroleum industry would enrich the domestic economy with over…
Shell’s prize in Bonga’s billionth barrel
Sopuruchi Onwuka The best method to convey the value of numbers is to convert them to money. In Nigeria, one billion begins to generate great interest when it looks like N1.0 billion. Greater interest comes with $1.0 billion. and the…
LNG leads Shell’s progress in emissions cut
Sopuruchi Onwuka Investments in natural gas liquefaction and transportation to key power generation hubs have helped Shell cut is operations carbon intensity by significant 30 percent of its 2016 levels, leading the company’s progress in energy transition. Shell is the…
Europe’s LNG demand jumps 60% TO 121 MMtpa
Rising demand for liquefied natural gas (LNG) in Europe reached 121 million tonnes in 2022, amplifying the growing independence of the industrial continent from Russian gas supplies. European countries, including the UK, imported 121 million tonnes of LNG in 2022,…
Sylva breaks ground for Oloibiri Museum,Hotel projects
Minister of State for Petroleum Resources, Chief Timipre Sylva is to perform the groundbreaking of the Oloibiri Museum and Research Center (OMRC), in Ogbia Local Government of Bayelsa State. The Minister would also perform the groundbreaking ceremony for the construction…
Shell to deploy 2nd FPSO in Bonga
Sopuruchi Onwuka Shell has declared intention to deploy a second production floater in the operated deepwater Bonga fields, ending speculations of possible tie-in of production from contiguous to existing Bonga floating production, storage and offtake (FPSO) vessel which has produced…
Shell defies LNG woes, posts bullish gas income
Shell Plc said its gas-trading earnings were “significantly higher” in the final three months of 2022 as the unit previously run by the company’s new boss overcame some of the challenges encountered earlier in the year. The update published on…
