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Shell Posts Record Quarterly Profit Of $11.5bn, TotalEnergies $9bn

Shell Petroleum Development Company of Nigeria Limited
Nigeria misses out in oil windfall as NNPC spends revenue after oil theft on subsidies, leading to inability to remit funds to foreign reserves, thereby deepening Naira’s woes In US,Read More

Gas Supply: FG Urges Shell, Chevron, Others To Allow Third Parties Use Of Their Pipelines

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Ltd Joint Venture (CNL)
Shell Nigeria, Chevron and the Nigerian National Petroleum Corporation (NNPC) Limited are hindering full operation of the Nigeria Liquefied Natural Gas (NLNG) project by not allowing third parties transit gasRead More

In Major Setback For Oil Production, Shell Defers Expansion Work On 225,000bpd Bonga Oilfield

Oilfield
Oil giant announces $19.29bn 2021 full year earnings In a big hindrance to Nigeria’s hope of raising its poor daily oil production, Shell has said it would delay expansion workRead More

OPEC Increases 2022 Global Oil Demand Forecast By 1mbpd

Organisation of the Petroleum Exporting Countries (OPEC)
Cartel’s data confirms Nigeria unable to meet August production quota Group says country’s economic recovery constrained by inflation, illiquidity The Organisation of Petroleum Exporting Countries (OPEC) yesterday expanded its globalRead More

OPL 245: Shell, Eni Should Face Prosecution, HEDA Tells Buhari

Oil giants, Shell and Eni
President Muhammadu Buhari has been asked to ensure that oil giants, Shell and Eni face prosecution in Nigeria. Shell and Eni have been dragged to court in Milan, Italy overRead More

Oil Communities Threaten Protest Over Alleged Negligence By Shell, Seplat, Others

Shell Petroleum Development Company of Nigeria Limited
Oil communities in Ohaji, Imo State, have threatened to embarked on a non-violent mass protest against alleged negligence and injustice melted out to them by Shell Petroleum Development Company (SPDC),Read More

N17bn Oil Spill Compensation: Supreme Court Dismisses Shell’s Application

Shell Petroleum Development Company of Nigeria Limited
The Supreme Court has dismissed an application by Shell Petroleum Development Company of Nigeria Limited to review and set aside a N17 billion judgment entered against it in favour ofRead More

UK Court Dismisses Nigeria’s $1bn Bribery Suit Against Shell, Eni

UK court
A court in the United Kingdom has dismissed a $1bn bribery suit instituted against oil giants, Royal Dutch Shell and Eni by – the Nigerian Federal Government, Bloomberg reports. TheRead More