Shell

Business

Shell Deepens Nigeria Divestment, Sells 25-Year Domestic Gas Distribution Business to Vaaris Energy

Felix Ifijeh, THEWILL -
Shell has taken another major step in the restructuring of its decades-old Nigerian operations, agreeing to sell its entire interest in its domestic gas distribution business, Shell Nigeria Gas Group (SNG), to indigenous energy company, Vaaris Energy Limited.
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FG Targets Jobs, FX Inflows With New Incentives For Shell’s Bonga South West

Felix Ifijeh, THEWILL -
January 22, (THEWILL) — President Bola Tinubu has approved the gazetting of targeted, investment-linked incentives to accelerate Shell’s proposed Bonga South West deep-offshore oil project, a move aimed at creating thousands of jobs and boosting Nigeria’s foreign exchange inflows. The...
Business

Nigeria Secures $2bn Shell Offshore Gas Investment — Second Major FID in 18 Months

Felix Ifijeh, THEWILL -
October 14, (THEWILL) — Nigeria has achieved another milestone in its energy sector as Shell Petroleum Development Company announced a $2 billion Final Investment Decision (FID) for the development of the HI offshore gas field located in Oil Mining...
News

Shell Pledges Support For Reforms In Nigeria’s Oil, Gas Industry

Amos Okioma, THEWILL -
February 28 (THEWILL) – Shell has pledged support for the recent reforms in the oil and gas industry in Nigeria, describing them as a good way to reposition the sector for growth and profitability. “We welcome the reforms by the...
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UPDATE: In Remarkable U-Turn, Nigeria Approves Shell’s $1.3bn Sale of Assets to Renaissance

Austyn Ogannah -
December 18, (THEWILL) – The government of President Bola Tinubu has given approval to Shell's $1.3 billion bid to sell its onshore and shallow water assets to Renaissance, about 3 months after initially withdrawing approval for the transaction to...
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Oil Giant Shell To Cut 20% Of Workforce In Oil And Gas Divisions

Felix Ifijeh, THEWILL -
August 30, (THEWILL) – Oil giant, Shell Plc, is set to reduce its workforce by about 20 percent in specific oil and gas exploration and development divisions. The move, according to the Financial Post, is part of CEO Wael Sawan’s...
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N700bn Compensation: Court Adjourns Suit By Shell Host

David Owei, THEWILL -
March 23, (THEWILL) – The Federal High Court in Yenagoa on Tuesday, adjourned until May 4, hearing in a N700 billion oil spill compensation suit filed by members of Aghoro I community in Bayelsa.   The people of Aghoro I in...
Business

Shell Proposes Moving Headquarters To UK, Name Change

THEWILL. -
November 16, (THEWILL) - Royal Dutch Shell has announced plans to relocate its headquarters to London, in the United Kingdom (UK) as part of proposals to simplify the company’s structure with the consolidation of its dual British and Dutch...
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NANS Pushes For Nationalisation Of Shell Assets Over 16m Barrels Unaccounted Oil

THEWILL. -
BEVERLY HILLS, March 12, (THEWILL) – The National Association of Nigerian Students (NANS) has called on the Federal Government to nationalise the assets of the Shell Petroleum Development Company Limited in the country, for allegedly stealing 16 million barrels of...
Business

Court Refuses To Unblock Shell’s Bank Accounts

THEWILL. -
BEVERLY HILLS, March 10, (THEWILL) – Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos on Tuesday  declined to vacate an interim injunction directing 20 banks to block Shell Petroleum Development Company of Nigeria (SPDC) and its subsidiaries’...
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NewsFelix Ifijeh, THEWILL -

South African Woman, US-Based Grandma Arrested With Large Cocaine, Loud Shipments

The National Drug Law Enforcement Agency (NDLEA) has arrested a 34-year-old South African woman, Qhina Beauty, with 36.65 kilograms of cocaine at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos, as the agency intensified its crackdown on international and domestic drug trafficking networks.
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