Business Hilights

Tracking Nigeria's Headline Business News Online

Bonga field

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 ups expansion with new drillings on Bonga phases 2 and 3 via subsea tie-back

Leading investor in Nigeria’s premium oil field platform, Shell Nigeria Exploration and Production Company (SNEPCo), has revealed that it is expanding the field with further drilling of wells in Bonga phases 2 and 3 and through a subsea tie-back that…

Shut Bonga field causes Nigeria, Shell to lose N3.5bn daily

Last week’s shut down of Bonga field, Nigeria’s first deepwater development, has started impacting negatively on the economy as oil firms and the nation is now on a daily loss of revenue totaling N3.45bn daily. Bonga is in depths of…