Browsing Tag

shell

Shell appoints first female MD for exploration arm SNEPCO

Nathan Nwakamma Aug 2, 2021 0

Global energy firm Shell has announced the appointment of Mrs Elohor Aiboni, as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCO).Mr Bamidele Odugbesan, the Media…

Environment

Shell reports 51 leaks in N/Delta this year

Nathan Nwakamma Jun 15, 2021 0

Shell Petroleum Development Company of Nigeria (SPDC) says it has so far recorded 51 leaks from its oil production activities in the Niger Delta in 2021.According to data obtained by the News Agency of Nigeria (NAN) from the oil firm’s…

Environment

Shell’s pipeline spills 213 barrels of crude into Bayelsa community

Nathan Nwakamma Apr 22, 2021 0

The Okordia-Rumekpe 14-inch crude truckline operated by Shell Petroleum Development Company (SPDC) has discharged some 213 barrels of crude oil into Ikarama community in Bayelsa.SPDC’s Media Relations Manager, Mr Bamidele Odugbesan,…

Oil and Gas

Shell confirms oil spill in Bayelsa community

Nathan Nwakamma Apr 3, 2021 0

The Shell Petroleum Development Company (SPDC) has confirmed oil spill from its facility at Agbura-Otuokpoti area of Yenagoa, the state capital.The company’s Media Relations Manager, Bamidele Odugbesan, confirmed the incident in an…

Oil and Gas

Oil theft allegations: Aiteo says it got short-changed alongside FG of 16 million barrels by Shell

Nathan Nwakamma Mar 19, 2021 0

Aiteo Exploration and Production Company on Friday alleged that the 16 million crude shortfall recorded at the Bonny Export Terminal between 2016 and 2018 is owned by them and the Federal Government.Mr Ndiana Matthew, Group Head, Media…

Environment

Shell, enviromentalists differ on Dutch court’s ruling on N/Delta spill victims

Nathan Nwakamma Jan 30, 2021 0

Divergent views have continued to trail Friday’s verdict by a Dutch court that found Shell liable for pollution of farmlands and fish ponds of four farmers in the Niger Delta.The News Agency of Nigeria (NAN) reports that a Dutch court…

Economy

Oil Spill: ERA/FoEN hails judgement against Shell

Kevin Okunzuwa Jan 30, 2021 0

The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN), an NGO, has described as a healthy development the recent judgement by the Netherland’s court of appeal that held Shell liable for the oil spills it caused across…

Business

Tony Elumelu acquires 45% OML 17 from Shell, Total, ENI for $1.1bn

Itohan Abara-Laserian Jan 16, 2021 0

Heirs Holdings (HH) an affiliate of Transnational Corporation of Nigeria Plc (Transcorp) has acquired 45 per cent participating interest in Nigerian oil licence OML 17 from Shell Petroleum, Total and ENI.This is contained in a statement…

Features

Ogoni Oil Spill: Supreme Court Refuses To Revisit N17bn Judgement Against Shell

John Ogunsemore Nov 27, 2020 0

The Supreme Court has dismissed an application by Shell Petroleum Development Company, asking it to review its judgment of Jan. 11, 2019, that ordered the company to pay N17 billion to Ogoni communities in Rivers.The communities were…

Government

Ardova Plc Seals Deal to Distribute Shell Lubricants

Itohan Abara-Laserian Nov 15, 2020 0

Ardova Plc has sealed a deal to be the major distributor of Shell lubricants in Nigeria, its Chief Executive Officer, Mr Olumide Adeosun, said in a statement issued on Sunday in Lagos,The deal followed an earlier Memorandum of…

News

Shell Begins Discussions With 12 Host Communities On Development Fund Review

Nathan Nwakamma Aug 1, 2020 0

The Shell Petroleum Development Company of Nigeria (SPDC) has begun discussions with 12 host communities in Bayelsa which demanded upward review of development obligations. SEE ALSO: Banters In Lagos, Poverty And Disease In The Niger Delta…

Economy

Lekoil, Shell Sign $3.5m Prepayment Facility Deal

Oladipupo Ehindero Jul 4, 2020 0

Lekoil Oil and Gas Investments Limited has executed a prepayment facility agreement with Shell Western Supply and Trading Limited, SWST, a member of the Royal Dutch Shell group of companies.This prepayment facility follows the renewal…

Health

COVID-19: Shell Donates Medical, Testing Equipment To Delta Government

Ifeanyi Olannye Jun 17, 2020 0

Shell Development Company of Nigeria Ltd. (SPDC) on Wednesday donated a machine capable of conducting one thousand tests daily for Coronavirus (COVID-19) pandemic to Delta Government. SEE ALSO: Plateau NANNM Calls Off ‘Sit-at-Home’ Protest…

Economy

Nigeria Commits to NLNG Train 7

Oladipupo Ehindero May 21, 2020 0

The Nigeria Liquefied Natural Gas Train 7 project has reached final investment decision and is scheduled for commissioning in 2025, but a record number of lenders in different continents are providing financing, which says a lot about the…

Business

Shell Cuts Dividend for First Time Since 1940s as Oil Demand Collapses

Fatima Sule Apr 30, 2020 0

Royal Dutch Shell RDSa cuts its dividend for the first time in 80 years and suspended the next tranche of its share buyback programme following the collapse in global oil demand due to the coronavirus pandemic.Chief Executive…

Environment

Environmentalist Insists Toxic Chemicals Discharge Cause of Dead Fishes around Coastlines

Nathan Nwakamma Apr 27, 2020 0

An Environmentalist, Mr Furoebi Akene, has alleged that the dead fishes littering Niger Delta coastline were caused by the discharge of toxic chemicals from Shell’s operations at Forcados Oil Export terminal. SEE ALSO: Low Oil Prices:…

Oil and Gas

Shell resumes Oil Export from Forcados Oil Export Terminal, lifts Force Majeure

Nathan Nwakamma Apr 13, 2020 0

The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Monday said it has resumed oil exports from the Forcados Oil Export Terminal. SEE ALSO: Bayelsa Govt to Seek Review of Revoked OML46 Oilfields Licences NAN reports that…

Government

NNPC, Shell partner to grow oil reserves

Edith Ike-Eboh Jul 16, 2019 0

The Nigerian National Petroleum Corporation (NNPC) says it is partnering Shell Petroleum Development Company (SPDC), to grow existing business relationship to increase the nation’s crude oil reserves.The corporation disclosed this in a…

Business

We have supported 6,659 entrepreneurs in Bayelsa, Delta – Shell

Nathan Nwakamma Jun 19, 2019 0

The Shell Petroleum Development Company (SPDC) says it has raised some 6,659 entrepreneurs from its gas fields in Bayelsa and Delta from 2003 till date.Mr Igo Weli, General Manager, External Relations at SPDC, stated this on Wednesday…

Government

FG files fresh charges against Shell executives, JPMorgan over Malabu Oil scandal

Samuel Oduoye May 8, 2019 0

Sequel to the lawsuit filed last year against Royal Dutch Shell Plc, Eni and JP Morgan for being involved in a $1bn oil block bribery case, the Federal Government has submitted new case documents that indict their top executives.FG said…

News

Shell, Total declare force majeure on Bonny Light

Yunus Yusuf Apr 29, 2019 0

Two oil majors, Shell Petroleum Development Company of Nigeria and Total, have declared force majeure on exports of crude on each of their trunk lines, spokespersons for the firms have said.Mr Bamidele Odugbesan, Manager, Media…

Crime

Gunmen kidnap two Shell workers in Rivers

Samuel Oduoye Apr 27, 2019 0

Two staffs of Shell Petroleum Development Company were on Thursday abducted along Ahoada-Ndele-Rumuji axis of the East-West road in Rivers state.Herald Nigeria also gathered that a Sky policeman (escort) working with Shell, who also…

Government

OML 11: Buhari orders NNPC to take over oil block from Shell

Samuel Oduoye Mar 14, 2019 0

President Muhammadu Buhari has issued a directive to the Nigerian National Petroleum Corporation (NNPC) to take over Oil Mining Lease 11 from Shell Petroleum Development Company.This was contained in a letter from the Presidency to the…

News

Shell confirms DPP’s investigation of OPL-245 deal

Yunus Yusuf Mar 1, 2019 0

Mr Bamidele Odugbesan, Manager, Media Communications of Shell Nigeria, has confirmed the Dutch Public Prosecutor’s Office investigations against Royal Dutch Shell (RDS).Odugbesan, who confirmed the development to the News Agency of…

Business

Shell announces investment in Assa North Gas Project

Yunus Yusuf Dec 24, 2018 0

Shell Petroleum Development Company of Nigeria Limited (SPDC) has announced the Final Investment Decision (FID) on the Assa North Gas Development Project in Imo, a major momentum to the domestic gas aspiration of the Federal Government for…

News

Dutch Ambassador visits Shell’s host communites in Bayelsa

Nathan Nwakamma Dec 11, 2018 0

The Dutch Ambassador, Mr Robert Petri, on Tuesday visited Ikarama and Kalabar communities in Bayelsa hosting oilfields operated by Shell Petroleum Development Company (SPDC).The envoy pledged to mediate and improve the relations between…

News

Court fixes Jan. 24 for trial in FG’s $406m suit against Shell

Sandra Umeh Nov 22, 2018 0

A Federal High Court, Lagos has set aside Jan. 24, 2018 for commencement of trial in a suit by the Federal Government, against Shell Western Supply & Trading Ltd, over crude oil shipment.The suit, numbered FHC/L/CS/336/16, was filed…

Environment

Bayelsa Oil Spill: Shell repairs ruptured pipeline, pledges compensation for victims

Nathan Nwakamma Nov 16, 2018 0

The Shell Petroleum Development Company (SPDC) says it has repaired the Trans Ramos Pipeline that ruptured and spilled about 1,114 barrels of crude oil into the environment on May 17.Mr Bamidele Odugbesan, Media Relations Manager, SPDC,…

Business

Shell accelerates share buybacks as profits soar

Abdullahi Mohammed Nov 1, 2018 0

Royal Dutch Shell’s profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback programme.Although the $5.6 billion quarterly profit…

Business

Shell appeals court’s order jailing MD, 2 others

Yunus Yusuf Oct 10, 2018 0

Shell Petroleum Development Company (SPDC) has appealed a Rivers State High Court order sentencing its Managing Director and two others to three months inprisonment for contempt of court.The News Agency of Nigeria (NAN) reports that a…

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