Halliburton has been awarded an integrated drilling and completion services contract by Shell Nigeria Exploration and Production Company (SNEPCo), in partnership with Sunlink Energies, to support the development of the HI gas field in OML 144, offshore Nigeria. The project Read More
Shell to expand LNG capacity in Nigeria, others
Shell expects to add 12 million tons of liquefied natural gas (LNG) capacity by the end of the decade from projects currently under construction, including expansions in Nigeria, a top executive at the world’s largest LNG trader said on Wednesday. Read More
Lokpobiri pledges support for Nigerian oil and gas firms
Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has reaffirmed the importance of strong support services in the oil and gas sector, pledging government backing for indigenous companies. During a tour of Caverton’s Maintenance, Repair, and Overhaul (MRO) Read More
Shell plans cost, spending cuts amid weakened carbon goals
Shell has announced plans to ramp up cost savings and reduce spending while aiming to deliver more value with lower emissions, in spite of having weakened its carbon reduction pledge in 2024. Ahead of its capital market day, the oil Read More
Global Gas condemns Shell’s $2.4bn divestment, vows court battle
Global Gas & Refining Limited (GGRL) Tuesday condemned the sale of Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance Africa Energy Holdings, describing the transaction as a violation of Nigeria’s judicial system. In a statement, Global Gas Chairman, Read More
Shell’s controversial $1.3b divestment ‘scales’ approval
Although the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has remained mum over the divestment of Shell Petroleum Development Company of Nigeria (SPDC), the Nigerian consortium acquiring the assets announced yesterday that the deal has been completed. NUPRC, in October last Read More
Halt Shell, TotalEnergies’ divestments, Reps tell FG
The House of Representatives has called on the Federal Government to halt the divestment of oil assets by Shell and TotalEnergies The post Halt Shell, TotalEnergies’ divestments, Reps tell FG appeared first on The Guardian Nigeria News – Nigeria and Read More
‘IOC divestments may push indigenous producers to 70% ownership’
The divestment of onshore and shallow water assets by International Oil Companies (IOCs) in Nigeria could enable indigenous oil producers to control up to 70 per cent of the country’s oil production. Oluseye Ekun, Chairman of the Management Session Committee Read More
$1.98b contracts awarded to indigenous firms in 2023 – Shell
Shell Companies in Nigeria awarded $1.98 billion worth of contracts to indigenous firms in 2023, reflecting a 3% increase from the $1.92 billion recorded in 2022. At the 13th Practical Nigerian Content Forum in Bayelsa State, SNEPCo’s Managing Director Ron Read More
FG must probe Shell’s $173.8b unaccounted revenue, MOSOP insists
The Movement for the Survival of the Ogoni People (MOSOP) has called on the Federal Government to probe Shell Petroleum Development Company of Nigeria Limited (SPDC) over an estimated $173.8 billion allegedly concealed by the firm during its operation in Read More