The Democratic Front (TDF) has said that the announcement of a $5 billion final Investment Decision (FID) by Shell on the Bonga North Deep Offshore field is yet another proof of the investment-friendly mindset of the Tinubu administration. In a statement by its Chairman, Mallam Danjuma Muhammad, and Secretary,  Chief Wale Adedayo, the group noted that it showed that International …

Shell companies in Nigeria awarded contracts worth $1.98 billion to local businesses in 2023, a three per cent increase from the previous year’s $1.92 billion. The contracts, granted by Shell Petroleum Development Company of Nigeria Limited, Shell Nigeria Exploration and Production Company Limited, and Shell Nigeria Gas, aim to support the development of Nigerian content in the oil and gas …

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 …