Tag
SHELL
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has rejected the proposed $1.3 billion sale of onshore oilfields to the Renaissance Group, citing the buyer’s lack of qualification to manage the assets, according to a Reuters report.
The Nigerian National Petroleum Corporation (NNPC) Limited, in collaboration with partners Shell, TotalEnergies, and Agip, has finalized a significant deal to supply gas to the methanol-manufacturing plant of Brass Fertilizer & Petrochemical Company Ltd.
The Federal High Court has permitted the Shell Petroleum Development Company of Nigeria Limited and Global Gas and Refining Limited to explore an out-of-court settlement regarding the latter's allegation that Shell failed to supply wet gas in accordance with the terms of a Gas Processing Agreement dated March 15, 2002.
More than 1,216 residents from the host communities have filed a N500 billion claim against Shell Petroleum Development Company, alleging a violation of an existing "Mareva" injunction and seeking to halt the sale of its onshore assets.
Former Nigeria’s President, Chief Olusegun Obasanjo has explained the reason why Shell refused to buy equity stake in Nigeria’s refinery during his times as President between 1999 and 2007.
Amnesty International has faulted the NUPRC over the hiring of Boston Consulting Group and S&P Global to review Shell’s onshore asset sale stating that it poses a conflict of interest as the consultants also work for Shell.
Nigeria National Petroleum Corporation (NNPC) Limited alongside French energy major, TotalEnergies, will invest a swooping sum of $550 million to develop gas facilities in oil-rich Rivers State.
The fire that erupted after explosions at the gas processing plant run by Shell Petroleum Development Company of Nigeria (SPDC) in Gbaran, Yenagoa Local Government Area of Bayelsa, has been put out.
Shell is currently probing reports of smoke and explosions observed early Tuesday near its Gbaran Ubie oil and gas installation in Nigeria’s Bayelsa state, according to a report by Reuters.
The federal government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has proposed to expedite the exit of major oil companies like Shell and Exxon Mobil from the Niger Delta region, on the condition that they accept responsibility for oil spills and finance the cleanup efforts.
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has established a divestment framework to oversee the evaluation of applications for ministerial consent regarding the Shell Petroleum Development Company of Nigeria Ltd. (SPDC) divestment process.
Ekperikpe Ekpo, the Minister of State for Gas, has said that the Federal government secured an agreement with Shell (SHEL.L) to supply gas to its planned $3.8 billion methanol plant in Brass, Bayelsa State, clearing a significant obstacle for the final investment decision on the project.