Shell Petroleum Development Company (SPDC) has resumed export operations at the Forcados Oil Export Terminal, where repair works on the pipeline went in for weeks. The SPDC’s Media Relations Manager, Abimbola Essien-Nelson, confirmed this to journalists on Friday in Lagos.…
Shell Petroleum Development Company of Nigeria Ltd. (SPDC) says it will resume crude oil exports from the Forcados Oil Terminal by October end when on-going repairs would have been completed. Newsmen reports that SPDC declared a “Force Majeure’’ on oil…
Oil major, Shell is expecting to report a dip in its third quarter profits as a decrease in refining margins takes effect. The energy giant said the decrease to $15 per barrel, compared to $28 in Q2, will have an…
Shell Petroleum Development Company of Nigeria Limited (SPDC) is planning to resume the testing of its main trunkline, the Trans Niger Pipeline (TNP). A competent source, who pleaded anonymity, confirmed the development on Wednesday in Lagos. The TNP takes crude…
Oil and gas giant Shell has confirmed that its Chief Executive will step down at the end of 2022. There had been speculation that Ben van Beurden was on his way out of the supermajor after almost a decade at…
Oil major, Shell has entered into a 10-year marine liquefied natural gas (LNG) sales and purchase agreement with an Israeli container shipping company ZIM, valued at more than $1 billion. The LNG is intended for 10 LNG-fueled vessels that will…
Oil major Shell Plc has warned that Europe may have to brace for a string of winters with exorbitant power bills and electricity rationing as Russia squeezes gas supplies. “It may well be that we have a number of winters…
By Uthman Salami The oil majors led by Shell Plc, ExxonMobil Corp., Chevron Corp. and Equinor ASA, have commenced plans to withdraw $2.9 billion suits filed against the Nigerian National Petroleum Company Limited formerly Nigerian National Petroleum Corporation over a…
Shell Plc, ExxonMobil Corp., Chevron Corp. and Equinor ASA has begun plan to withdraw multibillion-dollar lawsuits against Nigeria National Petroleum Company Limited after finalizing new terms for deep-water oil production in Africa’s largest crude producer, Bloomberg reports. In letters to…
By Uthman Salami For over 60 years now, Shell Companies in Nigeria have been actively involved creating value to every stratum that makes up Nigeria. Its multinational status has intimately integrated it into the very firmament that constitutes Nigeria’s economy,…
