Headlines News

Malabu oil deal: Italian Court endorses trial of Eni, Shell

Ihesiulo Grace 21 December 2017 0

Italian Federal Court has ordered the Italian giant Eni and Shell Petroleum company to stand trial in Italy over bribery and corruption allegedly committed in 2011 purchase of an offshore OPL 245 oil block in Nigeria A judge in Milan who endorsed their trial on Wednesday also ordered Chief

Business News

Belema Gas pipeline attack: Shell paid FG, NDDC $31bn between 2002 and 2016

Ihesiulo Grace 16 August 2017 0

Shell Petroleum Development Company (SPDC) says it remitted $29.8 billion to the federation account; and $1.2b to Niger Delta Development Commission (NDDC) between 2002 and 2016. This recent revelation by the company runs contrary to the issue leading to an attack to Gas installation in Belelma River State by angry youths who demanded compensation from […]

Headlines News

Reps asks Shell to suspend relocation from Port-Harcourt

Ihesiulo Grace 27 January 2017 0

*to investigate NDPHC over $2.5bn NIPP projects   The House of Representatives on Thursday directed the Minister of State for Petroleum, Mr. Ibe Kachikwu, to prevail on Shell from relocating its operational headquarters from Port-Harcourt, the River state capital to a yet disclosed location saying such move would escalate militancy in the Niger Delta. The […]

Football Sports

NNPC-Shell Cup: 27 Schools Battle at Zonal Preliminaries

Ihesiulo Grace 1 May 2015 0

Twenty-seven schools that emerged as champions from the state finals in the ongoing 17th edition of the NNPC-Shell Cup for Nigerian secondary schools sponsored by the Shell Petroleum Development Company Joint Venture are currently battling for honours at the zonal preliminaries. According to the Nigeria School Sports Federation (NSSF), organisers of the event, the state

News

Delta Community Accuses Shell of Insensitivity

Ihesiulo Grace 30 April 2015 0

The people of Okpealama Community in Warri South-West Local Government Area of Delta State, have accused Shell Petroleum Development Company (SPDC)Nigeria of alleged destruction of their fishing traps. They claimed that SPDC authorities had been uncooperative over the development, which had caused them hardship, since fishing was their only means of livelihood. Addressing

News

Shell Blames Vandals for Bayelsa Oil Spill  

Ihesiulo Grace 22 April 2015 0

Shell Petroleum Development Company, (SPDC) has alleged sabotage as the cause for the Kolo Creek oil spill in Bayelsa State. The leak discharged an unquantified volume of Shell’s crude into the environment on April 15, 2015. In a statement on Tuesday by Shell spokesperson, Joseph Obari, the company said the report of the Joint Investigation […]

Business Oil & Gas

Shell to Investigate Kolo Creek Oil Leak

Ihesiulo Grace 16 April 2015 0

The Management of the Shell Petroleum Development Company (SPDC) has assembled an investigative team to ascertain the cause of oil leakage discovered in the company’s Kolo Creek Manifold. A statement by the Spokesman of the SPDC, Mr Joseph Obari, in Yenagoa said the leak was detected on April 15. “A leak was detected today on […]

Economy

Shell Lists Drawbacks in Oil Sector Transformation

Ihesiulo Grace 31 March 2015 0

As robust as Federal Government’s current transformations in the energy sector may appear, the Shell Group has identified a number of challenges undermining the success of the reforms. These are security, crude theft and pipeline vandalism, as well as funding, fiscal stability and predictability, lease predictability and a host of others.   Shell said that […]

Oil & Gas

Fiscal Stability Crucial to Surviving Low Oil Prices – Shell

Ihesiulo Grace 23 March 2015 0

Shell has warned that fiscal stability is crucial to survive the current low oil price climate, else investments could dry up fast with production levels declining shortly afterwards. Vice President, Nigeria and Gabon Shell Up-stream, Markus Droll, made this assertion in his presentation on at the on-going Nigeria Oil and Gas (NOG) conference in Abuja, […]