Tag: Osagie Okunbor

Nigeria Eyes $500bn, Renews Offshore Deals With Shell, ExxonMobil, Chevron

ADEOLA YUSUF

OMLs 128 – 138, full list of five oil mining leases (OMLs) and what the MDs of Shell, ExxonMobil, Chevron said about their Production  Sharing Contracts (PSCs) renewals    The Nigerian National Petroleum Company (NNPC) has executed fully termed agreements for the renegotiated Production Sharing Contracts with contractors in five Oil Mining leases, Platforms Africa reports. This, which came only one month after it had transited into a fully limuted liability company, is, according to the Nigerian government, a step towards unlocking over $500 billion in revenue from its oil…

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Shell Pays $1.9bn Royalty, Taxes To Nigeria In Two Years

ADEOLA YUSUF

Oil giant spends $1.6bn on contracts to indigenous firms as Country Chair, Osagie Okunbor, expresses strong ties with Nigeria   Shell Companies in Nigeria has paid $1.886 billion ($1.9bn approximate) on royalty and taxes to the Nigerian government in the two years period of 2020 and 2021. Platforms Africa reports that the oil giant also said it spent over $1.6 billion on contracts to indigenous firms in the country during same period. A 2021 briefing note from the company, which contained these figures showed that Shell paid $986 million in…

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Why Nigeria should Harness Its 802 tcf Gas Reserves on Time – Shell MD

ADEOLA YUSUF

Harnessing the 802trillion cubic feet of gas reserves – 202 trillion cubic feet of proven gas reserves and about 600 trillion cubic feet of unproven reserves – in Nigeria on time is key in the next decade of the country’s existence. The Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor, who, according to a statement sent to Platforms Africa, while delivering the 51st Founders’ Day Lecture of the University of Benin, advised that Nigeria should adopt a two-pronged strategy for its energy transition programme in response to global…

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Why Shell Nigeria Country Chair bagged Petroleum Varsity Fellowship – VC

ADESUPO OSOSANYA

Managing Director of The Shell Petroleum Development Company of Nigeria (SPDC), Mr. Osagie Okunbor, has emerged winner of the 2021 Award for Excellence and Integrity in Corporate Leadership of the Federal University of Petroleum Resources (FUPRE), Effurun in Delta State. ‘The university recognises your industry leadership and observed personal qualities, values and approach to leadership which is a source of inspiration to so many others,” said the Vice Chancellor of FUPRE, Prof. Akpofure Rim-Rukeh, while presenting the award at the university on Thursday. The award, recommended by the university award…

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