Heirs Holdings expands into Oil and Gas Portfolio
…Acquires 45% of OML 17 from Shell, Total and ENI Estimated Additional 1 billion barrels of oil equivalent of further exploration potential Heirs Holdings, the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (Transcorp),…
Chevron, Shell still deepening footprints in Nigeria—Minister
Contrary to media reports and trending speculations that oil giants, including Shell and Chevron are on the verge of toning down their investments in Nigeria’s oil and gas sector, the Minister of State for Petroleum, Chief Timipre Sylva has brushed…
‘Shell’s claim of daily loss of 10,000bpd to thieves’ indictment to Navy, NIMASA’
The latest revelation by leading oil and gas giant, Shell Petroleum Development Company of Nigeria (SPDC) Limited that it is losing about 10,000 barrels of oil per day from its pipelines to crude oil theft, has raised an issue of…
Ogoniland: Shell applying divide and rule to perpetually suppress us—Prof
Anger-laden controversy is currently engulfing the ancient oil community of Ogoni, in Rivers State of Nigeria. This is coming from the disturbing discovery of yet a fresh oil spill in the traumatized community at a time the government and Shell…
Shell, ExxonMobil renew interest in downstream with NNPC’s crude swap deal
Barely few years after officially exiting petroleum downstream operations, strong indications have emerged on the readiness of exploration giants, Shell and ExxonMobil to make a comeback. The return mission is being driven by mouth-watering offering coming by the Nigerian National…
Niger Delta remains as important as ever for Shell—Report
Strong indications have emerged showing that despite asset sales, Shell’s onshore presence is still weighty. As part facts showing that the Niger Delta remains as important as ever for Shell, a new analysis and report have shown that the company’s…
Shell’s Deer Park Refinery in US joins Trump’s campaign for reducing emissions
Royal Dutch Shell Plc, this week announced support for President Donald Trump’s campaign in rolling back greenhouse gas emissions and methane in particular at its new Deer Park Refinery on the Houston Ship Channel in Texas. This is coming at…
Accolades for Shell over recovery of 95% spilled oil in Bayelsa, Delta
Some residents of oil spill impacted communities in both Bayelsa and Delta States have hailed the speedy recovery of spills that hit their areas by the Royal Dutch Shell Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC). A…
Low hanging fruits like petrochemicals can diversify economy faster—Shell
The Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari, has tactically indicted the Nigerian government of not understanding the imports of petrochemicals in the ongoing drive to diversify the economy. Though he spoke on theme, ‘Diversification…
Parts of Nigeria to remain in darkness as public holidays hamper power repair efforts
That the nation’s power grid lost about 1,087.6MW from the shutting down of eight stations on Friday and Saturday due to the rupturing of a major gas pipeline is no more news, rather, the locking up of relevant offices for…
