Shell, GE ink Multi-year Service Agreement on 650MW Afam VI cycle power plant
Pursuant to Nigeria’s drive to steady electricity supply, General Electric (GE) on Thursday announced the sealing of a new Multi- year Service Agreement (MYA) deal with Shell Petroleum Development Company (SPDC) for its 650MW Afam VI combined cycle power plant…
Electricity: 2 communities in Bayelsa shut down Shell’s oil wells
For endless excuses in provision of power supply from the nearby oil facility, two oil producing communities, Tanbiri II, Biseni in Yenagoa have shut down oil production at Adibawa Oil field operated by the Shell Petroleum Development Company (SPDC). Business…
Shell regrets underutilization of Afam IV power plant, $200m debt
Had it been that Shell Petroleum Development Company (SPDC) did not subsidize the cost of Afam IV Power Plant in River State, the impact of the $200 million debt would have forced the company to walk away. This was the…
Shell pumped $29bn into Nigerian economy in four years—Weli
The General Manager, External Relations of Shell Petroleum Development Company (SPDC), Mr. Igo Weli, has disclosed that the company’s economic contribution to the Nigerian government in four years has hit $29bn. Giving the insights in Yenagoa, the Bayelsa State capital…
Community youths occupying Shell platforms at heavy safety risk—Shell
The continued occupation of Royal Dutch Shell facility by hundreds of protesters from the Kula and Belema communities in Rivers state since August 11 has been described by Shell as the height of self inflicted risk. The company also revealed…
Shell punctures FG’s FDI drive, claims N’Delta no longer attractive
Fresh disquiet on the profitability of foreign direct investments (FDIs) in Niger Delta was created on Thursday, by the General Manager, External Relations, Shell Petroleum Development Company (SPDC), Igo Weli, by saying that the region was no longer attractive for…
Shell yet to pay $200m yearly counterpart fund for Ogoniland cleanup–MOSOP
More facts suggesting that the cleanup of polluted Ogoniland in Rivers State may remain a mirage emerged in Port Harcourt on Wednesday as the leadership of Movement for the Survival of Ogoni People (MOSOP) has alleged that Shell Petroleum Development…
How litigation frustrated House inquiry on $17bn undeclared crude involving IOCs CEOs
Deadlock can best be described as proceedings at the House of Representatives ad hoc Committee investigating $17 billion undeclared proceeds of crude oil and liquefied gas sales between 2011 and 2014 at the national Assembly yesterday. The Committee had invited…
