Tag Archives: Dutch Shell

Shell on Thursday posted a first-quarter (Q1) net profit of $9.65 billion as strong earnings from trading and higher Liquefied Natural Gas (LNG) sales offset cooling energy prices, while extending its large share repurchase programme.

Read More »

By Amos Okioma Stakeholders Alliance for Corporate Accountability, SACA, an organization based in Yenagoa has called on multi-national oil companies operating in the Niger Delta to adopt best global practices in their operations. A representative of the organization and a Missionary attaché to the Irish Embassy in Nigeria, Father Kevin O’Hara, made the call when he visited the Bayelsa State …

Read More »

Shell Petroleum Development Company of Nigeria Limited has declared force majeure on exports of Bonny Light crude, one of the country’s major sources of oil revenue. Force majeure is a legal clause that allows companies to cancel or delay deliveries due to unforeseen circumstances. Reuters quoted traders as saying that a surplus of unsold cargoes was so large that differentials …

Read More »

  Oando posts N212 bn top line revenue FRIDAY EKEOBA Oando Plc has announced unaudited results for the six months period ended 30 June, 2016. The company’s turnover increased by 18 percent to N212 billion, compared to N180 billion in H1 2015, while Gross Profit decreased by 49 per cent, N19 billion compared to N37.1 billion in H1 2015. Along …

Read More »