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Tag: Shell

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

Tinubu hails Shell’s $5bn deepwater project investment

President Bola Tinubu has praised the $5 billion Final Investment Decision by Shell and its partners on the Bonga North Deepwater Project as a significant milestone for Nigeria’s energy sector. Earlier today, Shell confirmed its FID for the deepwater offshore project in Nigeria. In a statement on Monday by presidential spokesperson Bayo Onanuga, President Tinubu […]

News

Shell, Equinor to merge UK offshore oil, gas operations

Shell and Norway’s Equinor have announced plans to merge their British offshore oil and gas assets into a joint venture. The new company, based in Aberdeen, Scotland, aims to maintain fossil fuel production and ensure the security of energy supply in the U.K. The deal is expected to be completed by the end of next […]

News

Shell grants $1.98bn in contracts to Indigenous firms

Shell Companies in Nigeria announced that they awarded contracts worth $1.98 billion to indigenous companies in 2023, as part of efforts to boost local content in the Nigerian oil and gas sector. These contracts, awarded by Shell Petroleum Development Company of Nigeria Limited, Shell Nigeria Exploration and Production Company Limited, and Shell Nigeria Gas, reflect […]

News

FG launch probe into alleged land-grabbing by Agip, Shell

The Federal Government has launched a probe into complaints by the oil-producing communities in Bayelsa State over land grabbing by international oil companies including the Nigerian Agip Oil Company and Shell Petroleum Development Company. The investigative team headed by Kamoru Busari, the director of the Federal Ministry of Petroleum Resources’ Upstream Department, along with representatives […]

News Oil and Gas

Shell, Ardova partner to boost energy sector productivity

Shell International has collaborated with Ardova Plc to create the inaugural Power Conference, which aims to encourage debate around productivity and competitiveness in the energy sector. Powering Nigeria’s Industries – Enhancing Productivity and Competitiveness,” was recently held in Lagos, according to The Punch. According to a statement from the corporation, the conference focused on the […]

News

Shell invested $42m in developing host communities

Shell Nigeria has said that the firm and its partners invested over $42.2 million in 2023 to improve the host communities. This was disclosed by the company’s Communications, Media, and NGO Relations Manager, Bamidele Odugbesan in a statement, according to The Punch. Odugbesan said that the three Shell firms in Nigeria and their partners spent […]

News

Shell invested $42m in developing host communities

Shell Nigeria has said that the firm and its partners invested over $42.2 million in 2023 to improve the host communities. This was disclosed by the company’s Communications, Media, and NGO Relations Manager, Bamidele Odugbesan in a statement, according to The Punch. Odugbesan said that the three Shell firms in Nigeria and their partners spent […]

Oil and Gas

Shell probes smoke near Bayelsa oil facility

Shell is investigating reports of smoke and explosions that occurred in the vicinity of its Gbaran Ubie oil and gas installations in Bayelsa early Tuesday morning. It is reported that the fire Incident in the early morning of Tuesday involved sounds of explosions and sightings of smoke at a site where pipeline repairs were actively […]

Oil and Gas

Shell uses unmanned sailboat to examine pipeline routes

An unmanned surface vessel has been sent out by Shell Petroleum Development Company of Nigeria Limited to investigate pipeline routes in the Niger Delta. The PUNCH recorded that, the USV breakthrough reduced exposure to people and the environment while saving time and money according to Shell. The Media Relations Manager for Shell Nigeria, Abimbola Essien-Nelson, […]

Business

Shell vows to extend Bonga deep water project’s lifespan

Shell has said that it will add 15 more years to the Bonga Floating, Production, Storage, Offloading vessel’s operational lifespan. The Times reported that the goal of this extension is to enable Nigeria’s first deep-water development which started operations in 2005 to produce more. The Managing Director of Shell Nigeria Exploration and Production Company Ltd., Ms. Elohor […]

Shipping crisis stalls Dangote fuel distribution
News

Shell to supply 100m gas to Dangote fertilizer plant

The Shell Petroleum Development Company has completed arrangements to deliver 100 million standard cubic feet of gas per day to the Dangote Fertiliser and Petrochemical Plant located in Lekki, Lagos State. The final investment decision was jointly made by SPDC and its partners, including the Nigerian National Petroleum Company Limited, TotalEnergies EP Nigeria Limited, and […]

Oil and Gas

No plan to leave Nigeria – Shell

Shell Plc has dismissed reports that it may leave Nigeria after selling its onshore business in the Niger Delta. Recall that Shell said on Tuesday that it has “reached an agreement to sell its oil business in the Niger Delta, the Shell Petroleum Development Company of Nigeria Limited” to Renaissance Africa Energy. The announcement sparked a […]

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