Tag: Shell

Shell Posts $6.2bn Earnings In Q3, 2023

Ganiyu Amodu

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

ADEOLA YUSUF

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

Efe Wellington

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

ADEOLA YUSUF

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

Efe Wellington

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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Shell, TotalEnergies Q2 Revenues Hit $21.3bn, Surpass Industry Forecasts

Abibat Babalola

Global energy giants Shell and TotalEnergies have posted record Q2, profits and have extended share buybacks after beating industry forecasts. Both firms beat record-breaking previous quarter on the back of soaring crude, gas and oil product prices. The two companies combined are buying back $8 billion in shares in the third quarter after recording their respective highest quarterly profits while keeping their dividends steady, which might disappoint some investors. READ ALSO: Vehicle Crushes Five Ogun Motorcyclists, Kills Three Oil Firms Evade $6.4bn Taxes Payment To Nigeria, NEITI Kicks Nigeria’s Oil…

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Shell, AFC, GTBank, 6 Other Banks Drag Aiteo to Court Over $2bn Debts

ADESUPO OSOSANYA

The bickering between a group involving Shell, Africa Finance Corporation (AFC), and seven Nigerian bank, and Aiteo Eastern E&P Company Limited over $2 billion loan accessed by Aiteo has degenerated. A high court in England has ruled that Shell Plc, Africa Finance Corporation, and seven Nigerian banks have established their right to block Aiteo Eastern E&P Company Limited from taking legal action when a suit initiated by them against the oil firm has not been resolved. The verdict approving the “final anti-suit injunction” was delivered on April 1, according to…

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BREAKING: NNPC JV, Dangote Ink Multi-million Dollars Gas Supply Deals

ADEOLA YUSUF

The deals involving the JV of NNPC, Shell, ENI, and Total will deliver 70million scuf of gas daily to Dangote Fertiliser The Joint Venture (JV) consisting of the Nigerian National Petroleum Company (NNPC) Limited, Shell, Total and ENI, has signed a multi-million dollars deal to supply 70 million standard cubic feet (scuf) of gas to Dangote Fertiliser Company. The signing which took place at the on-going Nigeria International Energy Summit (NIES) was attended by President of Dangote Group, Alhaji Aliko Dangote; Group Managing Director of NNPC, Mallam Mele Kyari; Country…

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Shell ends $22bn annual loss, makes first profit since COVID-19 outbreak

Efe Wellington

  Oil super major, Royal Dutch Shell, is preparing to mark an end to industry’s darkest year in history with a return to profit. Platforms Africa reports that the oil multinational has told investors that it would announce profit when it reports first-quarter results on 29 th of April, after Covid dealt fossil fuel giants a heavy blow, but demand is lifting revenues again in a last hurrah before decarbonisation. Like Royal Dutch Shell, BP is also among the companies expected to report quarterly profits from producing oil for the…

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Shell surges CSR investments, Donates ICT Centre To Nigeria’s Enugu Varsity

Efe Wellington

  Nigeria’s deep-water energy company, The Shell Nigeria Exploration and Production Company (SNEPCo) has donated a state-of-the-art  Information and Communications Technology (ICT) Centre to the Enugu State University of Science and Technology as part of the NNPC/SNEPCo ICT support programme launched in 2007 under the sponsorship of the Nigeria National Petroleum Corporation (NNPC). The company, which declared this in a statement to Platforms Africa, quoted its Managing Director, Bayo Ojulari, to have said that the ICT centre would help students and teachers to maximize the value of quality education in information…

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