British energy group Shell on Thursday said net profit dropped eight percent in the first half due to weaker gas prices and write-offs. Profit after tax declined to $10.9 billion compared with the first six months of last year, Shell Read More
Shell’s Bonga accounts for 138,000 barrels of Nigeria’s ouput in 2023
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) produced more oil at Bonga last year than the previous one, a review of operations has shown. Nigeria’s first deep-water development produced some 138,000 barrels of oil per day (boepd) in 2023 Read More
Shell to build dedicated facility for gas supply to Dangote
Shell Petroleum Development Company of Nigeria Limited (SPDC) has concluded plans to supply gas to Dangote Fertiliser and Petrochemical Plant in Lekki for 10 years. The final investment decision involves SPDC and its joint venture partners – Nigerian National Petroleum Read More
Oil majors record $37 billion cash flow, biggest in 14 years
ExxonMobil, Chevron, BP, Shell, and TotalEnergies have hit their biggest free cash flow in the last 14 years as the super majors posted combined earnings of $37 billion in three months. The post Oil majors record $37 billion cash flow, Read More
Shell’s fresh bid for Ogoni oilfield stirs tension
An atmosphere of unrest is looming over Ogoni land, following the renewal request by Shell Petroleum Development Company for Oil Mining Leases (OML11). Already, the Movement for the Survival of the Ogoni People (MOSOP) and Ken Saro-Wiwa Associates (KSWA) have Read More