UPDATED: Elumelu-led TNOG acquires 30% interest in SPDC’s OML 17 at $533m
By Udeme Akpan, Energy Editor THE Tony Elumelu-led TNOG has acquired a 30 per cent interest in The Shell Petroleum Development Company of Nigeria Limited (SPDC), Oil Mining Lease (OML), 17 at the cost of $533 million, in the Eastern Niger Delta. In a statement obtained by Vanguard, SPDC, which confirmed that TNOG, has already […]
Shell resumes oil export from Forcados Oil Export Terminal
The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Monday said it has resumed oil exports from the Forcados Oil Export Terminal.
Shell says no waste valve opened in Delta communities
Shell Petroleum Development Company of Nigeria limited, has denied allegations by residents of Ugborodo, Ogidigben and communities around in Warri south West local government area , Delta state that it opened its waste valve into the Excravos river, polluting the water.
Excravos river suffers pollution as communities accuse Shell
Ugborodo communities in Warri south West local government area, Delta state have accused Shell of massive pollution of the Excravos river, thus destroying fishing nets valued at several millions of naira.
Shell cuts costs, slashes spending on virus turmoil
Royal Dutch Shell said Monday it will slash costs and capital expenditure by billions of dollars due to the worsening coronavirus pandemic, which has sparked an oil price collapse. The Anglo-Dutch energy major announced in a statement that it will axe operating costs by $3.0-4.0 billion over the next 12 months, and will reduce its […]
Shell’s Bonga oilfield maintenance may affect 153,000 barrels oil export
By Ediri Ejoh With Agency Report Shell is preparing maintenance of strategic oil field, the Bonga oilfield between March and April, though the impact on production and exact dates are still being finalised. Shell operates the offshore field via its Nigerian subsidiary SNEPCo. In March, around 153,000 barrels per day (bpd) of crude were due […]
OPL 245: Nigerian witness testifies in Italian court
The trial of Shell & Eni is ongoing in Milan, Italy, Valori, an Italian newspaper has reported. Italian authorities had asked prosecutors to produce Isaac Eke, a Nigerian witness who is a retired Assistant Inspector-General of Police, in the ongoing probe of the $1.1billion Malabu oil scandal. Eke was brought up by defendant Vincenzo Armanna, […]
FG files fresh charges against Adoke, Shell, others over Malabu oil deal
The Federal Government has filed a fresh 42-count charge against former Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Mohammed Bello Adoke and six others over alleged fraud in the $1.1 billion Malabu oil deal. Adoke is being charged alongside Rasky Gbinigie, A. Abubakar, Malabu Oil and Gas Limited, Nigeria Agip Exploration Limited, […]
James Ibori’s ordeal: More enlightenment for ICPC’s Prof Owasonoye
Phone calls have poured in asking if ICPC’s Chairman, Prof Bolaji Owasononye has replied to my offering of 30th November titled, “Ibori’s Corruption Trial Ordeal; Enlightenment for ICPC Chairman.” My reply: “he is a busy man, we should give him time.”
Weak economy forces Shell to write down $2.3bn in Q4
Oil giant, Shell, Friday, said it expected to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic outlook.
Delta oil community shuts down SPDC flow station
Perez Brisibe Locals from Ojobo community in Burutu local government area of Delta State, on Wednesday, stormed the Beneside Flow station operated by Shell Petroleum Development Company, SPDC leading to a forceful shutdown of the facility. The protest is coming two days after the community issued a 48hours ultimatum to SPDC to address issues contained […]
