Shell Petroleum Development Company has said that its economic contribution to the Nigerian government in four years is $29 billion. The company’s General Manager, External Relations, Mr. Igo Weli, made this known in Yenagoa, the Bayelsa State capital, during the 2017 Swamp West Hub Integrated Stakeholders Engagement Forum for Tarakiri/Egbema/Oporoma Community Leadership. Weli, represented by […]
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Royal Dutch Shell is shutting down most units at its refinery in Rotterdam, the Netherlands after a fire at a high-voltage electricity switch station. Shell spokesman Thijs van Velzen says the fire started late Saturday and was extinguished by Sunday morning. Nobody was injured. The Pernis refinery in Rotterdam’s sprawling port is Europe’s largest. It […]
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Bonga oil field, operated by Shell Nigeria Exploration and Production Company (SNEPCo), has produced about 702 million barrels of oil since inauguration in 2005, its Managing Director, Bayo Ojulari, has said. Ojulari told reporters yesterday in Lagos that the oil field operated at more than 92 per cent availability last year. According to him, the […]
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Shell Petroleum Development Company, SPDC has expressed commitment to invest in Deepwater oil and gas exploration in Nigeria and other parts of the world. The company indicated in its latest report that the plan is based on the discovery that Deepwater holds great prospect for the making of new finds. “Shell has a long history […]
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Royal Dutch Shell says first-quarter earnings more than doubled as energy prices rebounded and the company benefited from a cost-cutting drive announced when oil was at a 12-year low. The Anglo-Dutch energy giant said Thursday that profit adjusted for changes in the value of inventories and excluding one-time items rose to $3.75 billion from $1.55 […]
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Royal Dutch Shell Plc said it knew some of the $1.1 billion paid to the Nigerian government in 2011 for an exploration license would go to a company linked to the country’s former oil minister, changing its previous stance on a deal that’s under investigation for alleged corruption. According to Bloomberg, the Anglo-Dutch oil company […]
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Some service companies have gained from $1billion from the Contractors’ Support Fund established by Shell Companies in Nigeria supported by the Nigerian National Petroleum Corporation (NNPC). According to a source at the Petroleum Resources Ministry, some companies including C&1 Leasing and Caverton Helicopter, have benefited from the Fund, adding that so far, Shell has disbursed about […]
Read More The Nigerian subsidiary of Royal Dutch Shell Plc said it had shut down the Nembe Creek Trunk Line, which exports Bonny Light crude oil, in order to remove theft points. The managing director of Shell Petroleum Development Company (SPDC) said the company was working to “remove a significant number of oil theft connections and repair […]
Read More Nigeria’s anti-graft agency on Thursday filed corruption charges against oil majors Shell and Eni over a $1.3 billion offshore block deal. The Economic and Financial Crimes Commission (EFCC) accused 11 defendants of “official corruption”, according to court documents. Shell, Eni and Agip, Eni’s Nigerian subsidiary, are alleged to have corruptly given the “aggregate sum of […]
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Nigeria musician, Yemi Alade, has taken the lead in spreading Shell’s #makethefuture campaign, which aims to inspire youths and entrepreneurs for bright ideas that can help in the global quest for more and cleaner energy. According to a statement by the oil company, the multiple award nominee and winner of the 2015 MTV African Music […]
Read More The Nigerian government is demanding $406.75 million from Shell Petroleum Development Company of Nigeria Limited and its surrogate Shell Western Supply & Trading Limited over alleged crude oil theft. The amount, according to court papers in Lagos, represents the shortfall of the money paid by the multinational oil firm in the account of the Nigerian […]
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The nation’s crude oil exports is facing a fresh threat as Shell Petroleum Development Company of Nigeria Limited on Friday declared force majeure on export of Bonny Light, Nigeria’s reference crude oil grade, the second time in three months. This is coming four days after the oil major declared force majeure on gas supply to […]
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