Total expenditure on direct social investments by the three Shell companies in Nigeria and their partners in 2023 was $42.2 million, a 23 percent increase compared to $34.29 million in the previous year. Shell exclusively spent $14.1 million. This was…
A former Managing Director of the Niger Delta Development Commission (NDDC), Chief Ndutimi Alaibe has commended the NDDC and Shell for the the completion and inauguration of the 25.7-kilometre Ogbia-Nembe Road. Speaking during the inauguration ceremony of the N24.4 billion…
The Niger Delta Development Commission (NDDC) and the Shell Petroleum Development Company (SPDC) have completed the construction of the 25.7-kilometre Ogbia-Nembe Road in Bayelsa State. The road project is slated to be commissioned on Saturday, May 25, 2024. Speaking during…
Shell is currently probing reports of smoke and explosions observed early Tuesday near its Gbaran Ubie oil and gas installation in Nigeria’s Bayelsa state, according to a report by Reuters. The fire incident, reported in the early morning of Tuesday,…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the Shell Petroleum Development Company of Nigeria Limited (SPDC) assets being considered for divestments have an estimated reserve of 4.96 billion barrels of oil. The Commission Chief Executive of NUPRC, Mr Gbenga…
…As stakeholders decry AI infiltration, potential unemployment Stakeholders have called for caution in the deployment of artificial intelligence and technologies which may result in job losses in the Nigerian oil and gas sector. The stakeholders made the call following Monday’s…
Again, the European Union (EU) is set to invest N37 million in the power sector in Nigeria, in addition to the about N200 million grants it has invested in the sector since 2008. This disclosure was made by the EU…
Shell says it is working to extend the life of its Bonga Floating, Production, Storage, Offloading vessel by another 15 years. This would enable the company to handle more production from Nigeria’s first deep-water development which came on stream in…
Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has said the Final Investment Decision (FID) on the Iseni Project by Shell Petroleum Development Company (SPDC) and its joint venture partners has opened up a new vista of opportunities for local…
Shell has reached an agreement to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance consortium. In a statement on Tuesday, the oil and gas conglomerate said that the completion of the transaction…
