Renaissance Africa Energy Company Limited has received approval from the Nigerian Ministry of Petroleum Resources for the acquisition of Shell Petroleum Development Company (SPDC). This significant...
Shell and its partners have invested $5 billion in the Bonga North Deep Offshore Field. The Bonga North oilfield located 130 kilometres offshore in Oil Mining...
This investigation by PATRICK EGWU is the third of a year-long three-part investigative series on climate change disinformation and claims by international multinational oil companies –...
This investigation by PATRICK EGWU is the second of a year-long three-part investigative series on climate change disinformation and claims by international multinational oil companies –...
Since 1958, multinational oil companies have been operating in Nigeria’s Niger Delta region with devastating environmental consequences for local communities. To advance their corporate interests, and...
The last has not been heard of the controversies surrounding the 2011 deal for lucrative Nigerian oil bloc, Oil Prospecting Lease (OPL) 245 popularly called the...
Corporate taxes and royalties’ remitted by Shell Nigeria declined by $27m in 2023. This is according to figures announced by the company in its published 2023...
After several years of dormancy, it appears the Port Harcourt refinery is set for a restart as Shell Petroleum Development Company Limited (SPDC) has disclosed that...
In a case reminiscent of the acquisition of Nigeria’s second oldest bank, Union Bank of Nigeria (UBN) by a lesser know bank, Titan Trust Bank, another...
The proposed plan by British oil giant, Shell to sell its onshore assets, Shell Petroleum Development Company Limited (SPDC) to the Renaissance group may have run...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week —from the capital market to the...
The Nigerian Extractive Industries Transparency Initiative (NEITI) has suggested that the licenses on oil block management granted some indigenous and international crude oil prospecting companies be...
Much worse for the environment than carbon dioxide, despite global efforts to control methane, emissions continue soaring. With over a third stemming from fossil fuels production...
Shell Companies operating in Nigeria have disclosed that they paid the Nigerian government a total of $4.5 billion in 2022, as production entitlements, taxes, royalties, and...
The Shell Petroleum Development Company (SPDC) on Saturday night confirmed an oil spill in Ebubu, Eleme Local Government Area of Rivers State. Shell, one of the...
Shell Petroleum Development Company of Nigeria Ltd (SPDC) will pay over $16 million (N7.14bn) to communities in Niger Delta states that were affected by multiple oil...
The international energy company, Shell has accepted to pay €15 million in compensation to three farmers and their villages in Niger Delta. The farmers with the...
Companies operating in the country’s petroleum industry flared 170.5 billion standard cubic feet (BSCF) of gas in 10 months, between January and October 2022. This is...
An illegal pipeline connected to a 48-inch Trans Forcados Export Trunk line has been discovered by Tantita Security Services Nigeria Limited (TSSNL) in Delta State. Tantita...
Royal Dutch Shell has announced the acquisition of Nigeria-based hybrid renewable energy provider Daystar Power for an undisclosed amount. The acquisition is part of Shell’s conscious...
The Shell Petroleum Development Company of Nigeria (SPDC), on Monday, announced that it was looking into a complaint of an oil spill from one of its...
Oil giant Shell Petroleum Development Company (SPDC) has blamed Nigeria’s economic woes, including the free fall of the naira value and high cost of living on...
Shell Petroleum Development Company of Nigeria (SPDC) Limited on Friday threatened to leave the country over theft of crude oil and production challenges. The company’s Managing...
Caverton Offshore Support Group has made changes to the leadership of Caverton Helicopters Limited after losing its contract with oil and gas company, Chevron, to rival,...
The Federal Government has handed 57 oilfields to 161 local oil companies, ending a process that began since 2020. The firms were selected out of 665...
The Senate on Wednesday set up an ad hoc committee to probe Shell Petroleum Development Company (SPDC) for alleged non-compliance with the Petroleum Act and violation...
TotalEnergies has joined the list of international oil corporations wanting to exit Nigeria’s troubled onshore oil fields, a decision that will further impact Nigeria’s dwindling oil...
The Nigerian National Petroleum Company (NNPC) Limited and it’s patners have reached an agreement with Dangote Fertilizer Company for the supply of 70 million standard cubic...
Nigerian-owned oil companies have been the beneficiary of the wave of divestment by foreign players in the country’s oil market, buying up the assets to expand...
Nigeria will be getting a payment alert of N249.3 billion in January from six multinational oil companies operating in the upstream sector for domestic crude oil...
These 10 top stories from Nigerian newspapers will interest you 1. I’m unaware of move to override Buhari on electoral bill – Gbajabiamila The Speaker of...
Shell Petroleum Development Company of Nigeria (SPDC) Limited, has declared force majeure on exports of Nigerian Forcados crude oil after the obstruction of a tanker path...
Royal Dutch Shell Plc has abandoned its final push to bring its legal dispute with oil communities from the United Kingdom Court to Nigeria for hearing....
About $3.2 billion was paid to the Nigerian government and its agencies in 2020 by Royal Dutch Shell, the parent company of the Nigerian subsidiary Shell...
The Shell Petroleum Development Company (SPDC) has confirmed an oil spill from its facility at Agbura-Otuokpoti area of Yenagoa, the state capital. The company’s Media Relations...
A court in Milan, Italy, on Wednesday acquitted the Dutch oil giants, Shell, Eni and 13 defendants including past and present chief executives in the controversial...
Justice Oluremi Oguntoyinbo of Federal High Court, Lagos, on Tuesday refused to vacate her interim Mareva injunction made on January 25, 2021 directing 20 banks to...
The Shell Petroleum Development Company (SPDC) has stated that it has positioned itself to meet Nigeria’s daily domestic gas demand, projected to hit five billion standard...
Justice Oluremi Oguntoyinbo of the Federal High Court, Lagos, on Wednesday granted an interim Mareva injunction known as a freezing injunction directing commercial banks to block...
The Department of Petroleum Resources (DPR) has dismissed claims that Shell Petroleum Development Company (SDPC) under-reported two million barrels of crude in its oil production records...
The UK Supreme Court on Friday, February 12, granted permission to a group of 42,500 Nigerian farmers and fishermen to sue Royal Dutch Shell (RDS) in...
Royal Dutch Shell has expressed concern for its Nigerian onshore oil operations following continued theft and sabotage, describing it as becoming a headache. Speaking to Journalists...
A Dutch court on Friday ordered oil giant Shell to pay compensation in a case brought by four Nigerian farmers who alleged widespread pollution in their...
The Shell Petroleum Development Company of Nigeria Limited has completed the sale of its 30 percent stake in Oil Mining Lease (OML) 17 in the Niger...
The Artisan Fishermen Association of Nigeria (ARFAN) is seeking the intervention of the Nigerian government in getting Shell Nigeria Exploration and Production Company to pay a...
Nigerian employees of the Anglo-Dutch oil company Shell ordered the deliberate vandalisation of oil pipelines for personal gain, a documentary in the Netherlands has reported. Dutch...
Nigeria’s former minister of petroleum, Dan Etete, Wednesday said the transaction involving the sale of one of the country’s oilfield to oil supermajors, Shell and Eni,...
Shell Petroleum Development Company, the Nigerian operations of oil supermajor, Royal Dutch Shell, Friday had its request to revisit a verdict of 11th January 2019, directing...
Shell Nigeria Gas, the downstream gas distribution arm of Shell Petroleum Development Company, has inked a deal with the Oyo State government towards developing pipeline infrastructure...
Activities at Opukushi, Tunu and Clough Creek Flow-stations operated by the Shell Petroleum and Development Company of Nigeria (SPDC) Thursday, was disrupted by the youths of...
