Tag: Shell
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Okowa commissions Shell projects in Ogulagha, advocates peaceful coexistence
Delta State Governor, Senator Dr. Ifeanyi Okowa has commissioned 34 projects in Ogulagha kingdom, Burutu Local government of Delta state executed by Shell Petroleum Development Company and its joint ventures partners. The projects which were executed through the Global Memorandum of Understanding GMoU of Ogulagha Kingdom Cluster Development Board, OKCDB includes renovated Obotobo 1 Community…
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Rivers acquires Shell’s 45 per cent stake in OML 11
Forty-five per cent of Shell Petroleum Development Company’s (SPDC’s) interest in Oil Mining Lease (OML) 11 in Ejama and other communities in Ogoni have been acquired by the Rivers State Government. Governor Nyesom Ezenwo Wike announced the acquisition on Monday in a broadcast titled: “We will continue to advance the state’s interest, security and prosperity…
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U.S. court rejects Exxon, Shell’s bid on $1.8b award against NNPC
A United States (U.S.) judge has rejected ExxonMobil Corp’s and Royal Dutch Shell Plc’s effort to revive a $1.8 billion arbitration award against the Nigerian National Petroleum Corporation (NNPC). The award stemmed from a dispute over a 1993 contract to extract oil near country’s coastline. U.S. District Judge William Pauley in Manhattan cited public policy…
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BREAKING: Court orders Shell to pay $10 million to FIRS
The Federal High Court in Lagos, Southwest Nigeria on Friday ordered Shell Petroleum Development Company (SPDC) to pay the Federal Inland Revenue Service, FIRS, the sum of $10 million as unremitted revenue. Details later…
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Gunmen kidnap Shell workers in Rivers, kill two police escorts
Armed hoodlums terrorising Ahoada Ndele-Rumuji-Emohua axis of the East-West Road have kidnapped two oil worker in Rivers State, killing two members of their security. The incident reportedly occurred on Thursday evening. The victims, who were said to be senior staff members of Shell Petroleum Development Company (SPDC), are said to be returning from an official…
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![Buhari orders NNPC to take over operation of OML 11 from Shell, others [Full list of affected firms/individuals]](https://thenewsguru.ng/wp-content/uploads/2018/10/buhari2.jpg)
Buhari orders NNPC to take over operation of OML 11 from Shell, others [Full list of affected firms/individuals]
President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation (NNPC) to take over the operatorship of the entire Oil Mining Lease (OML) 11 from Shell Petroleum Development Company (SPDC). Buhari gave the order in a letter addressed to the Group Managing Director of NNPC dated March 1, 2019 with reference number SH/COS/24/A/8540 and signed…
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Shell mulls development of $10b Bonga field
Indications emerged on Tuesday that oil giant Shell’s Bonga South West/Aparo (BSWA) deepwater project, located in Oil Mining Lease (OML) 118 in the Niger Delta, is set for development. This is coming on the heels of the output of 200,000 barrels per day from Egina field operated by Total, which began production last month. The…
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Shell, Total shut down four GenCos over mounting gas debts
Four gas generating companies have shut down production as a result of their failure to pay debts owed two producing companies: Shell Petroleum Development Company and Total and inability to access fresh loans for gas. Consequent upon the liquidity issue that has exposed the GenCos to over N1trillion shortfall some of the electricity Generating Companies…
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Shell announces investment in Assa North Gas Project
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 increased power generation and industrialisation. At peak production, the project is expected to produce 300 million standard cubic…
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Pipeline vandalism: Bayelsa community accuses Shell of involvement, company denies
The people of Ikarama in Yenagoa Local Government Area of Bayelsa and the Shell Petroleum Development Company of Nigeria (SPDC) have differed on causes of frequent oil spills in the area. SPDC operates several oilfields within the Biseni axis of Yenagoa council area which is notorious for frequent oil spills. The community has accused the…