Tag: SPDC

What ND Western, Partners’ Completion of SPDC’s $2.4 Bn Acquisition Means For Nigeria – Kalejaiye

ADEOLA YUSUF

      More facts have emerged on the completion of historic acquisition of pioneer oil and gas firm in Nigeria, Shell Petroleum Development Company (SPDC). Platforms Africa has, in an exclusive story, earlier reported the re-christening of SPDC, a company established in 1979, after the Renaissance Africa Energy Company (RAEC) finalised the deal. Chief Executive Officer of ND Western Limited, Mr. Lanre Kalejaiye told Platforms Africa in a statement at the weekend that that $2.4 billion “landmark acquisition marks a significant milestone in Nigeria’s energy sector.” Kalejaiye’s Company, ND…

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265 Illegal Refineries In Shell Corridor – Nigerian Oil Minister

Efe Wellington

Sylva opens up on how organised crude oil thieves denied Nigeria crude oil fortunes, OPEC quota benefits   Minister of State for Petroleum Resources, Chief Timipre Sylva, has declared that there are about 265 illegal refineries in the Shell Petroleum Development Company (SPDC) corridor alone as Nigeria continues to grapple with oil theft. The News Agency of Nigeria (NAN) reports that Sylva spoke at the 60th Anniversary of the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry (LCCI) on Thursday in Lagos. READ ALSO 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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A Searchlight on Shell and Social Investment in Nigeria

Precious Ibekwe

In 2019, Shell’s Nigerian businesses – SPDC, SNEPCo and SNG – said they made direct social investments of $40 million in Nigeria, making the country the largest concentration of social investment spending in the Shell Group. These investments were in Access to affordable healthcare; Supporting education; Enterprise support; Accelerating access to energy; and Assistance and safety. Aside from this, the company said in The Nigeria Briefing Notes, community-driven programmes since 2006 worth $252 million while the numbers of Mobile Health Ouitreach Beneficiaries since the start has hit 667,000. This is…

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All Eyes on Shell’s Oil Spill response, prevention in Nigeria

Efe Wellington

  Asides $360 million contributed for Ogoni Clean-up by Shell Petroleum Development Company (SPDC) Joint Ventures (JV) in two years, the SPDC declared that it is working to eliminate spills from operational activities, remediate past spills and prevent spills caused by sabotage. Here is a comprehensive report by Shell on actions taken so far. – Platforms Africa  Oil spillage is an issue in the Niger Delta due to sabotage of oil facilities by vandals, oil theft and illicit refining by some unscrupulous elements in the region. Commendably, in 2019, the…

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