Tag Archives: SHELL

Shell Bemoans Frequent Sabotage Of Its Pipeline And Resultant Spills In Bayelsa

SHELL

By Amos Okioma Shell Petroleum Development Company (SPDC) on Monday decried the high rate of vandalism on its pipeline network at its oilfields in Bayelsa resulting to oil leaks and pollution of the environment. Mr Bamidele Odugbesan, the Media Relations Manager at SPDC said that the oil firm regrets incessant spills and was committed to maintaining environmentally sustainable operations. He …

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Oando, Shell, Agip Sign $3.7 billion Gas Supply Contract With NNPC

Oando Plc logo

Oando Plc, Nigeria Agip Oil Company (NAOC), Shell Petroleum Development Company (SPDC), other indigenous and international oil companies in partnership with the Nigerian National Petroleum Corporation (NNPC) have signed agreement to implement gas projects worth $3.7 billion. The gas projects tagged ‘Seven Critical Gas Development Projects (7CGDP)’ is set to bridge the gas supply shortfall in the country. The 7CGDP …

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Probe Agip/Shell’s $2bn OPL 245 Zabazaba Project,Group Tells Buhari

SHELL

–Claims Oil Giants Against President’s Reelection –Wants Agip’s MD Interrogated The Grassroot Movement Against Corruption (GMAC), has called on President Muhammadu Buhari to immediately direct the Economic and Financial Crimes Commission, (EFCC), the National Security Adviser and Directorate of State Security (DSS), to beam their searchlights on the alleged $2 billion corruption scandal in the award of OPL 245 Zabazaba …

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Shell studying Nigeria strategy, not quitting – MD

Nigeria’s oldest energy company, Shell, has said it is reviewing its Nigeria strategy but that it does not involve quitting the country. The Country Chair of Shell Companies in Nigeria, Osagie Okunbor, said in a video post from Lagos, that Shell was in Nigeria to stay and wanted to continue, “to play this role well into the future.” Royal Dutch …

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Shell resumes crude exports at Nigeria Forcados terminal

Royal Dutch Shell has resumed crude exports from its Forcados terminal in Nigeria after production was disrupted following repeated attacks by militants in the restive oil-producing region, a company spokesman said Thursday. The resumption will see Nigeria’s oil production rebound to around 2 million barrels per day (bpd), adding more barrels to the market at a time when the Organization …

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Shell quarterly profits surge on rebounding oil prices

Net profit at Royal Dutch Shell increased more than sevenfold in the first quarter as oil prices recovered from heavy declines, the energy giant said on Thursday. Profit after tax came in at $3.538 billion (3.240 billion euros) in the three months to March, compared with $484 million in the first quarter of 2016, the Anglo-Dutch group said in a …

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