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Shell supports indigenous contractors with N472bn loans

Shell supports indigenous contractors with N472bn loans

INDICATIONS emerged yesterday that the development of local content had been boosted in the nation’s oil and gas industry following the provision of loans worth N472 billion by Shell Petroleum Development Company of Nigeria, SPDC, to indigenous contractors.
The loans were provided under the Shell Contractor Support Fund, set up by Shell companies in Nigeria to help vendors and suppliers in the oil and gas industry secure funds at reduced interest rates, relaxed collateral requirements and quicker processing time.
Also, Shell companies in Nigeria awarded contracts worth over N230 billion to Nigerian contractors in 2017, representing 94 per cent of the total contracts that year.

Group begins legal move to revoke OPL 245 from Shell, Eni

Group begins legal move to revoke OPL 245 from Shell, Eni

THERE are indications that the legal tussle surrounding Nigeria’s oil blocks – OPL 245 – will shift to Nigeria today as the federal high court, Lagos is scheduled to hear a case filed by the Human Environmental Development Agenda, HEDA.

Shell Group builds integrated science lab for Arochukwu school

Shell Group builds integrated science lab for Arochukwu school

AS part of its social responsibilty, Shell Nigeria Exploration and Production Company of Nigeria Limited, SNEPCo, has built an ultra-modern laboratory to Aggery Memorial (Model) College, Arochukwu, which was founded by the famous educationist, the late Alvan Ikoku.

Crude oil theft rose 50% in 2017 – Shell

Crude oil theft rose 50% in 2017 – Shell

IN a report indicating a worsened operational environment in Nigeria’s upstream oil sector, Royal Dutch Shell Plc, the parent company of Shell Company in Nigeria, said crude oil theft from its pipeline networks in Nigeria rose by 50 percent to 9,000 barrels of oil a day (b/d) in 2017, from about 6,000b/d in 2016.

Shell paid N1.5trn to FG in 2017

Shell paid N1.5trn to FG in 2017

Royal Dutch Shell paid a total of $4,322,742,582 (about N1.5 trillion) to the Federal Government in 2017, according to its annual payments report.

NLNG, NAPIMS, Shell, Total, Agip move toward FID on $10bn LNG trains 7, 8 project

NLNG, NAPIMS, Shell, Total, Agip move toward FID on $10bn LNG trains 7, 8 project

THERE are strong indications that stakeholders – Nigeria Liquefied Natural Gas Limited, NLNG, National Petroleum Investment Management Services, NAPIMS, Shell, Total and Agip – have made progress targeted at taking the Final Investment Decision, FID, on the nation’s $10 billion LNG trains seven and eight project.

Shell, GTbank agree $270m oil-backed loan to Amni

Shell, GTbank agree $270m oil-backed loan to Amni

Shell Western Supply   and Trading Limited, a subsidiary of Royal Dutch Shell and Guaranty Trust Bank have granted a $270 million loan to Amni International Petroleum Development Company Limited.