The Nigerian National Petroleum Corporation has said it can sign crude-for-product deals with Shell and ExxonMobil, similar to the one signed with BP last week. The NNPC announced last Wednesday that it had signed such a deal with BP and would provide more details later. “Unfortunately, Shell and ExxonMobil exited the downstream sector in Nigeria […]
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Oil giant, Shell, has reportedly initiated negotiations with local oil producers for selling two of its Nigerian oil licences in the Niger Delta, collectively worth $2 billion. The Anglo-Dutch petrochemical giant is in talks about selling its oil mining licenses 11 and 17, reports confirmed. Sources close to the matter revealed that the deal would […]
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Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26 per cent minority equity stake in Hazira LNG regasification terminal in India. The transaction remains subject to the approval of regulatory authorities. In a statement made available to correspondence, Total stated, “In parallel, Total has signed an agreement […]
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Chiefs and elders of Ogulagha in Burutu Local Government Area of Delta State have appealed to President Muhammadu Buhari to help to put an end to attacks on homes by hoodlums, said to have been sponsored in the community. The community’s Council of Chiefs and Elders, led by Chief Peter Tuasinde, noted that the hoodlums […]
Read More Shell Gas Nigeria Limited on Tuesday said that plans were underway to construct a gas line around key industrial areas in Abia. Mr Ed Ubong, the Managing Director of Shell Gas Nigeria Limited, disclosed this when he visited Gov. Okezie Ikpeazu at the Government House in Umuahia. Ubong said the decision to build the gas […]
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Oando PLC, Nigeria Agip Oil Company, NAOC, Shell Petroleum Development Company, SPDC, other indigenous and international oil companies in partnership with the Nigerian National Petroleum Corporation, NNPC, has signed an agreement to implement Gas Projects worth $3.7 billion. The gas projects tagged: ‘Seven Critical Gas Development Projects (7CGDP)’ is set to bridge the gas supply […]
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The Nigerian National Petroleum Corporation (NNPC), Shell, Total and Eni have signed the Front End Engineering Design (FEED) contract of Train 7 of the Nigeria Liquefied Natural Gas Ltd (NLNG) on Wednesday in London. The event also witnessed the commemoration of the successful repayment of $5.45bn shareholders loan for Trains 1-6 by the NLNG Shareholders. […]
Read More The Afam VI power plant in Rivers State, owned by Shell Petroleum Development Company of Nigeria Limited, is set to deliver its net dependable capacity of 624 megawatts to the national grid, barring any restrictions from the regulator of the power market. The Managing Director, SPDC and Country Chair, Shell Companies in Nigeria, Osagie Okunbor, […]
Read More Shell companies in Nigeria – Shell Petroleum Development Company Limited (SPDC), Shell Nigeria Exploration and Production Company (SNEPCo) and Shell Nigeria Gas Limited (SNG), said they have boosted Nigerian contractors’ operations and supported community development projects with ₦312.3 billion in 2017. Country Chair, Shell Companies in Nigeria and SPDC Managing Director, Osagie Okunbor, disclosed this […]
Read More Shell, the biggest international oil company (IOC) in Nigeria in terms of output and assets, envisages 270,000 barrels of oil equivalent per day (boepd) output decrease and low earnings in the country in the first quarter of 2018. The oil major, which, announced its 2018 outlook as a part of its fourth quarter 2017 results, […]
Read More Royal Dutch Shell gave the green light on Monday for an expansion of the Penguins oil and gas field in the UK North Sea, its first major new project in the ageing basin in six years. Shell said the development, which includes the construction of a floating production, storage and offloading (FPSO) vessel, reaffirmed the […]
Read More Shell has completed the sale of the first phase of its Hong Kong and Macau liquefied petroleum gas (LPG) marketing business to DCC LPG on 31st December 2017. The company, in a statement, said it continues to operate the LPG plant in Hong Kong, which is part of the second phase of the transaction and […]
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