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…
Shell has reached an agreement to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy…
Europe’s biggest companies have suffered at least €100 billion in direct losses from their operations in Russia since President Vladimir Putin’s full-scale invasion of Ukraine last year. According to a report obtained, a survey of 600 European groups’ annual reports…
LEADING energy company, Shell, has announced the appointment of Mr. Ralph Gbobo as the Managing Director of its gas distribution company, Shell Nigeria Gas Limited, with effect from 1st July 2023. Ralph succeeds Ed Ubong who has taken up a new…
Major global oil companies are upscaling investment in gas development stressing that the transition to a green future will require much more natural gas. Shell Gas revealed its plans to increase gas investment and would be spending about 25 per…
By Akinyemi Precious Shell Nigeria Exploration and Production Company (SNEPCo) has made it known that a total of $907 million as taxes and royalties was paid to the Nigerian Government last year as its operations continued to contribute to the…
The Shell Petroleum Development Company, operator of the SPDC joint venture, during the week unveiled eight Host Community Development Trusts in Bayelsa State. This, it said, is a critical step for unlocking the $56million earmarked for development in line with…
Shell has halted production at Prelude LNG – the world’s largest floating liquefied natural gas facility offshore Australia – due to a trip, a spokesperson for the supermajor said recently without giving details when production could resume. “Production on the…
