Tag: Shell

Shell Predicts Bright Future For Nigeria’s Deep-water Production

Ganiyu Amodu

Nigeria can meet oil production targets and implement ambitious development programmes from deep-water oil and gas operations if it continues with policies to encourage investments and boost output in the sector, Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo,) Ronald Adams has said. “Deep water is a compelling consideration for Nigeria if the country must meet its oil production targets and implement ambitious development programmes,” Adams said while speaking at the 9th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) which began in Lagos on Tuesday. According to…

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‘NNPC Gas, Shell, NIPCO, Others,’ How Six Firms Secured Nigeria’s 10 Gas Distribution Licences

Precious Ibekwe

The Nigerian Government has awarded 10 Gas Distribution Licenses to six top-tier firms, marking a significant leap towards deepening gas utilization in the country. Platforms Africa reports that the beneficiary firms are NNPC Gas Marketing Limited, Shell Nigeria Gas Ltd, AXXELA, NIPCO PLC, Central Horizon Gas Company and Falcon Corporation Limited. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, in an address at the event in Abuja today (Tuesday), said the move reaffirms the government’s commitment to sustainable development of Nigeria’s vast gas resources. Another Fuel Tanker Explodes In…

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How Dangote’s $750m Offer To Manage Nigeria’s Refineries Was Rejected — Obasanjo

Ganiyu Amodu

Former President Olusegun Obasanjo has revealed new details about Nigeria’s refinery woes, recounting failed efforts to privatise the country’s refineries and the subsequent financial losses under government management. In an exclusive interview with Channels TV on Thursday, Obasanjo discussed the Port Harcourt, Warri, and Kaduna refineries during his presidency. He explained how he sought external help to rehabilitate and manage the facilities but faced resistance. He recalled, “I asked Shell to come and run it for us and Shell said they wouldn’t I said, Please come and take equity they…

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Shell Nigeria Wins Multiple Awards At 2024 SPE

ADEOLA YUSUF

Shell Companies in Nigeria (SCiN) won the coveted Best Exhibitor award at the 2024 Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers (SPE) held in Lagos August 5 – 7, in addition to seven trophies won by employees. The Shell exhibition combined educative posters with learning sessions for engineering students as well as free medical services where hundreds of conference participants received check-up and drugs. SPE International President Terry Palisch, and Chairman of the Nigeria Council Salahudeen Tahir who jointly presented the award described Shell as…

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12 Profs., 15 Others: Names Of 27 Nigerians Inducted Into Shell Research Internship

Ganiyu Amodu

The Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture has significantly expanded its educational initiatives by inducting 27 Nigerian academics and research interns. This year’s programme, a 35% increase from the previous year, welcomed eight professors, four senior lecturers, and 15 other participants. Held at the company’s headquarters in Port Harcourt, the induction ceremony marked the beginning of a one-year programme focused on knowledge exchange and skill development. Drawn from 13 Nigerian universities, these participants will gain valuable industry experience in fields like biodiversity, petroleum engineering, and environmental…

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‘Done Deal;’ Shell To Exit South Africa, Gives Reason

Ganiyu Amodu

Energy company, Shell Plc, has announced its decision to sell off its majority stake in the South African downstream subsidiary, Shell Downstream SA (SDSA). The decision comes after conducting a thorough evaluation of its global operations. Shell Downstream SA (SDSA) was established a decade ago when Shell South Africa and Thebe Investment Corporation, a black empowerment firm, decided to merge Shell South Africa Marketing and Shell South Refining businesses. Thebe Investment Corporation acquired a 28% equity share in the venture. READ ALSO CBN Issues July 7 Deadline For PoS Operators’…

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Shell Publishes Reports On Sustainability and Payments To Governments

ADEOLA YUSUF

Shell has been formally reporting on sustainability-related performance for 27 years, with the aim of being transparent about activities that are important to investors, governments, and civil society. The Shell Sustainability Report outlines our social, safety and environmental performance in 2023. In his introduction to the report, Shell’s Chief Executive Officer, Wael Sawan, writes: READ ALSO FID On Nigeria Morocco Gas Pipeline To Be Taken In December 2024 – Kyari House Help Stabs Employer To Death How Land Dispute Led To Killing Of Soldiers In Delta – Community Leader “In…

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Something Cooking? Shell Nigeria Country Chair Meets Ghana’s Energy Minister

Ganiyu Amodu

Osagie Okunbor, Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria, received his award of participation from Matthew Opoku Prempeh, Ghana’s Minister of Energy, at the 7th Nigeria International Energy Summit in Abuja. Platforms Africa reports that the event gave the duo an opportunity to exchange pleasantries and words. READ ALSO JUST IN: Killers Of 16 Soldiers May Be Mercenaries, Says Akpabio Minister Opens Up As N40bn Metering Contract Polarises Power Industry Kyari, NNPCL Delegation Take Investors’ Hunt To Houston “When…

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Why We Rejected Planned Sale Of $2.4bn Shell’s Onshore Assets – Oil Workers

Ganiyu Amodu

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has rejected the planned sale of Shell’s onshore assets, claiming the group being speculated to buy up the assets is unknown to it. On January 16, Shell said it would sell its Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC), for a consideration of $1.3 billion, with buyers making an additional payment of up to $1.1 billion relating to prior receivables at completion. A week later, PENGASSAN issued a statement, saying the purported group is an assemblage…

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Shell, Argo Ink Deals For Bonga Field’s Output Boost

Ganiyu Amodu

Shell’s Nigerian subsidiary, SNEPCo, and local content partner GOSL, has entered into agreement with Oslo-listed offshore service company Argeo for work on Shell’s Bonga field. The project is hopefully starting in Q4-2023. The first work program comprises deep-water inspection services in the Bonga field and its subsea assets -pipelines, infrastructure, and flowline systems – in addition to geophysical surveys of nearby areas. READ ALSO Sterling One Foundation, Partners Launch National Sustainability Media Workshop Technology Creating New Generations Of Illiterates In Nigeria – Wole Soyinka N230k To N158k; TASUED Announces Tuition…

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