Tag: Total
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Reps grill Shell, Total, other over alleged tax evasion
The House of Representatives on Wednesday grilled Shell Petroleum Development Company of Nigeria, Total Energies and First E and P over alleged tax evasion.
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Shell, Total, AGIP under fire over $85 billion tax claims
The House of Representatives ad hoc Committee on structure and accountability of Joint Venture (JV) Business and Production Sharing Contracts (PSCS) of Nigerian National Petroleum Company (NNPC) Ltd. has summoned Total Upstream over tax claims of 85 billion dollars.
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Heirs Holdings Acquires 45% of OML 17 from Shell, Total and ENI
Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings…
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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…