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

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

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

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

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

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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Shell Posts $6.2bn Earnings In Q3, 2023

British oil giant Shell on Thursday reported $6.2 billion profit for the third quarter, roughly in line with estimates, as the company benefited from higher oil prices and refining margins. Analysts expected adjusted earnings of $6.48 billion, according to an LSEG-compiled consensus. Profit was higher than the $5.1 billion of the second quarter, but marked a sharp decline from the $9.45 billion reported a year ago, when the Russia-Ukraine conflict bolstered oil and gas prices. READ ALSO No Going Back On Overhaul Of DisCos’ Structure, Coverage – Nigerian Govt 2.6…

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Shell, Partners Revamp Flood-Ravaged Hospital In N’Delta

The Shell Petroleum Development Company of Nigeria (SPDC) and its joint venture partners have given a new lease of life to government owned Edagberi Cottage Hospital in Ahoada West Local Government area of Rivers State. The 20-bed hospital was ravaged by flood in 2012 which rendered it disused until the multi-million-naira intervention by the NNPC/SPDC/TotalEnergies/NAOC Joint Venture, leading to the recent reopening of the facility on July 27.k. Commissioner for Health in Rivers State, Dr. Adaeze Chidinma Oreh, described the intervention by SPDC and its partners as a critical move…

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Shell Lifts Force Majeure on Major Oil Exports From Nigeria

The Shell Petroleum Development Company of Nigeria Limited (SPDC) said it has lifted the force majeure on Bonny export programme with effect from Wednesday, March 15, 2023. The force majeure was declared on March 3, 2022 following a significant decline in crude receipts at the Bonny Oil and Gas Terminal. READ ALSO: Naira Crisis: Millions of Nigerians Already Dragged Into Mental Illness – Expert ‘He’s A Racist,’ Nigeria Revokes Seplat CEO’s Work Permit, Visa, Others Why NNPCL Sacked Eroton As OML 18 Operator Nigeria Rakes In N21trn From Crude Oil…

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NCDMB, NLNG, Shell, Others For 11th Practical Nigerian Content Forum Dec 5

Nigerian Content Development & Monitoring Board The 11th Practical Nigerian Content (PNC) Forum driven by the Nigerian Content Development & Monitoring Board (NCDMB) will take place in-person from December 5-8, 2022 in Uyo, Akwa Ibom State. It is noteworthy that 11 years on from the enactment of the NOGICD Act, many strides have been made in developing domestic capacity that has spurred new business activity and retained wealth in the country. The Practical Nigerian Content Forum will welcome you back to celebrate 11 years of the Nigerian Content Achievements and…

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Shell, Total Ink Deals With NCDMB To Upgrade GTC PH To Centre Of Excellence

The Nigerian Content Development and Monitoring Board (NCDMB) is collaborating with Shell Petroleum Development Company (SPDC) and Total Energies Ltd to transform Government Technical College (GTC), Port Harcourt, Rivers State into a center of excellence for the training of craftsmen who will support activities in the oil and gas industry and the wider economy. The projects to be executed by SPDC at the school include the construction of 4-units of world-class technical workshops and an information and communication centre and they are in fulfillment of SPDC’s commitment to the NCDMB’s…

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