News

Shell Companies in Nigeria have emerged the international oil company with the most impactful Local Content Initiatives in the upstream category at the 2019 edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF) held in Yenagoa, Bayelsa State, on April 4, 2019. L-R: Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies ...

Another 120 youth entrepreneurs from seven states of the Niger Delta have been given Shell Nigeria LiveWIRE business training and N48 million by The Shell Petroleum Development Company (SPDC) Joint Venture to begin small-scale businesses in their respective states in the expectation that they will become models for alternative livelihoods as part of the programme to deter involvement of youths ...

A firm, Tullow Oil, handling Kenya’s only oil project, says a deal with local Kenyan authorities that will allow it to pump water to pressurise the project for a final green light may take a while. Martin Mbogo Tullow’s Kenya Managing Director, Martin Mbogo, said on Friday, February 22, 2019 in Nairobi that the deal might delay the project until ...

Shell Nigeria Exploration and Production Company (SNEPCo) has announced Invitation to Tender (ITT) to contractors for the development of the Bonga South West Aparo (BSWA) oil field. SNEPCo Managing Director, Bayo Ojulari Bamidele Odugbesan, Shell Spokesman, said in a statement on Thursday, February 14, 2019 in Lagos that the project’s initial phase includes a new Floating, Production, Storage and Offloading ...

The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners signed a Final Investment Decision (FID) agreement for a 300 million cubic feet of gas on Wednesday, February 13, 2019 in Abuja at a ceremony witnessed by the Managing Director of Total Exploration and Production Nigeria Limited, Mr. Nicholas Terraz, and the Managing Director of Nigeria ...

According to the African Energy Chamber, 2019 will be key for the advancement of new exploration and production development projects from West to East Africa Oil installation After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and gas frontier in 2019. However, ...

A recent report of the Nigeria Extractive Industries Transparency Initiative (NEITI) reveals that the total financial flows from Nigeria’s oil and gas sector slumped to $17.05 billion in 2016, a 31% decline on the $24.79 billion generated in 2015, and a 75% on the sector’s peak earnings of $68.44 billion generated in 2011. In addition, the 2016 figure is the ...

In 13 years of deep-water exploration, the Bonga vessel of the Shell Nigeria Exploration and Production Company (SNEPCo) has produced over800 million barrels of crude oil, confirming the company as a pacesetter in offshore oil and gas production in the Gulf of Guinea. SNEPCo Managing Director, Bayo Ojulari In its review of the performance of the Bonga Floating Production, Storage, ...

Earlier this year, the African Union during its 30th Assembly of Heads of State and Government held in Addis Ababa, Ethiopia, declared 2018 as the African Anti-Corruption Year. This recognised the need to stifle corruption in its forms of manifestation if the continent must move forward in economic fronts, social development and deliver shared prosperity. To achieve this, African Union ...

Chairman of the Independent National Electoral Commission (INEC) in Nigeria, Prof Mahmood Yakubu, has reaffirmed the Commission’s commitment and determination to deliver credible elections in Nigeria in 2019, which will embody the concepts of inclusiveness, transparency and accountability, by also ensuring that established rules are fully, fairly and impartially enforced. “At the risk of stating the obvious, let me say ...