The Federal Government’s recent decision to block Shell’s $2.4 billion divestment plan for its onshore assets has raised concerns among analysts, who warn that this could deter vital investment needed to bolster Nigeria’s crucial oil sector. The analysts speaking to Reuters on Wednesday highlighted that the government is sending mixed signals regarding its commitment to attracting investments, citing concerns about …

Oyo State Governor, Engr. Seyi Makinde has unveiled a newly conceived gas distribution master plan in partnership with Shell Nigeria gas to create a platform for constant gas supply to the state. He said the plan was poised to boost industrialisation and generate employment opportunities. Unveiling the gas master plan at the courtesy room of the Governor’s office, Makinde said …

The United Kingdom Supreme Court on Wednesday ruled in favour of British multinational oil and gas company, Shell over a 2011 offshore oil spill. The apex court ruled that it was too late for Nigerian claimants to sue Shell subsidiaries over a 2011 offshore oil spill. The case was one of a series of legal battles Shell has been fighting …

Nigeria has lost an opportunity to produce and sell about 65.7 million barrels of oil in the last one year due to issues bothering on pipeline vandalism and the resultant oil theft. This translates to about N2.3 trillion loss in oil revenue if the prevailing exchange rate and average oil price are used. At the just concluded Nigerian International Energy …