Shell rakes in $4bn from Nigeria in one year

Royal Dutch Shell earned more than $4 billion from oil and gas production in Nigeria in 2017; about seven per cent of its total global output. Reuters, which reported this yesterday, noted that though Shell does not break down profits by country, “but a report on payments to governments that the company publishes annually showed it paid around $1.1 billion in royalties, taxes and fees” to the Nigerian government in 2017. “That means Shell earned more than $4 billion from oil and gas production in Nigeria in 2017 – around…

Read More

Fresh FID deferment for $10bn Bonga SW offshore project

   ●Shell, partners blame policy un     The Final Investment Decision (FID) on $10 billion Bonga South West Apara offshore development project has again suffered deferment, New Telegraph has learnt. The bulk of One billion barrels Bonga South West’s resources are located in Oil Mining Lease (OML) 118, but it also extends into OMLs 132 and 140 operated by Chevron, where it is called Aparo. Other partners in the field are ExxonMobil, France’s Total, Italy’s Eni and South Africa’s Sasol Petroleum. Country Chair of Shell companies in Nigeria and…

Read More

Bayelsa, Shell to sign GMoU on gas project

Shell

Bayelsa State Government would sign a Global Memorandum of Understanding (GMoU) with Shell Petroleum Development Company (SPDC) on the Gbarain/Ubie Gas plant, a multi-million dollar project and the largest investment in Africa. Speaking while receiving Irish Ambassador to Nigeria, Mr. Sean Hoy in the Government House in Yenagoa, the Deputy Governor, Rear Admiral Gboribiogha John Jonah (Rtd), expressed the government’s readiness to partner the international community in seeking ways in which the state would benefit maximally from the oil and gas industry.   A statement issued yesterday by the Chief…

Read More

$3.6bn fine: Court dismisses Shell’s suit against FG

Shell

  Justice Mojisola Olatoregun of a Federal High Court in Lagos has dismissed a suit filed by Shell Nigeria Exploration and Production Company Limited against the Federal Government to challenge the imposition of $3.6 billion fine on it for oil spillage.   The oil firm had filed the suit to challenge the powers of the National Oil Spill Detection and Response Agency (NOSDRA) to impose levies or fine on it. It prayed the court to declare that NOSDRA cannot, in the light of Section 1, 3, 4, 5 and 6…

Read More

Shell’s force majeure: Revenues loss hits $301m in 1 month

  The force majeure on Bonny Light crude exports buoyed by disruption of crude oil exports on a 97 kilometre – 150,000 barrels of oil per day – Nembe Creek Trunk Line (NCTL) hit one month last weekend, dipping revenues by the Federal Government and oil companies by $301.5 million. Spokesperson for Shell Petroleum Development Company (SPDC), Bamidele Odugbesan, confirmed to New Telegraph last Sunday that the force majeure, which he said steamed from similar force majeure by Aiteo on 150,000 barrels of oil per day – Nembe Creek Trunk…

Read More

Shell: Fresh gas supply capacity equals 400MW

Shell Nigeria Gas (SNG) Limited has declared increase in its domestic gas distribution capacity equivalent to some 400 Megawatts (MW) of gas to power over the last six months. The 150 per cent increase in gas capacity, SNG’s Managing Director Ed Ubong said, according to a statement, would enable the company to distribute more than 100 million standard cubic feet of gas per day (MMscf/d) to businesses in its western operations. The new capacity is equivalent to some 400 Megawatts (MW) of gas to power, and has been enabled by…

Read More

Shell donates science lab to Abia school

Oil giant, Shell Nigeria Exploring and Production Company Limited (SNEPCo) has built, equipped and handed over an integrated science laboratory to Aggrey Memorial Model College in Arochukwu Local Government Area of Abia State. Handing over the facility to the school, Managing Director of SNEPCo, Mr. Bayo Ojulari, said the company was moved by the need to promote the teaching and learning of science subjects in schools. According to him, “this project aims to promote educational excellence in the sciences and is part of our larger educational support programmes to help…

Read More

Legal battles against Shell’ll check environmental pollution –ERA/FoEN

Environmental Rights Action /Friends of the Earth Nigeria (ERA/FoEN) has said that legal battle against Shell Petroleum Company in Nigeria will help check environment al pollution that has caused untold hardship to the people of Niger Delta and Nigerians in general. Speaking exclusively, the Executive Director of ERA/ FoEN Nigeria, Dr. Godwin Ojo, said ERA/ FoEN had thrown its weight behind plans by friends of the Earth Netherlands to take Shell to court if it does not act on the demands to stop its destruction of the climate particularly in…

Read More

Shell debunks Amnesty allegations on Niger Delta’s spills management

●Deploys technology, best practice to curb crude theft The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has denied allegations of environmental mismanagement in the Niger Delta leveled against it at the weekend by Amnesty International. General Manager, External Relations for the company, Mr. Igo Weli, who said this, reiterated his company’s commitment to swift response to oil spill incidents as much as access and security conditions permit teams to mobilise and deploy to spill sites to investigate, clean up and remediate such areas. This, he said, was in addition…

Read More

Shell, N’Delta and oil spill

The court’s verdict on the Bille Ogale versus Shell, latest legal bid by an Ogoni community to have its damages claim over pollution dealt with by the English courts, was expectedly greeted with bickering. ADEOLA YUSUF looks at the implications for Nigeria   February 14, 2018, a day used in celebrating love by many across the world, was chosen by judges at the United Kingdom (UK’s) Court of Appeal to deliver judgment on the Bille Ogale versus Royal Dutch Shell (RDS) case. Expectedly, the judgment turned out to be one…

Read More