NNPC reduces its cash call arrears to JV partners by US$1.5 billion
The Nigerian National Petroleum Corporation (NNPC) via its group managing director Maikanti Baru; said it has repaid US$1.5 billion of the cash call arrears owed to its foreign oil partners. The director who made the statement at the … Read More
Shell is making plans to launch Electric Vehicle charging station in South Africa.
Plans are underway for the launching of the first ever Electric Vehicle charging station in South Africa. This vehicle station will help in growing the nation’s economy as well as the Shell brand in South Africa. It … Read More
Shell signs gas supply and aggregation agreement for Aba Integrated Power Project (IPP)
The Shell Petroleum Development Company of Nigeria Limited (SPDC) recently signed an agreement with Geometric Power Aba Limited (GP) and Gas Aggregation Company of Nigeria (GACN). The gas supply and aggregation agreement will enable GP and GACN … Read More
Shell, Vitol and Glencore battle to buy Petrobras Africa.
Three of the world’s largest oil traders are competing to buy assets of the African arm of Brazil’s petroleum corporation Petroleo Brasileiro SA (Petrobras).
The three companies competing to buy the Petrobras Nigerian assets include; Shell, Vitol and Glencore. Petrobas Oil … Read More
The Dangote Group is a diversified and fully integrated conglomerate with interests across a range of sectors in Nigeria and Africa. Current interests include Cement, Sugar, Flour, Salt, Pasta, Beverages, Noodles, Poly Products, Transportation and real estate with new initiatives in the Oil and Gas, Telecommunication, Fertilizer and Steel sector … Read More
Four Senior Shell Executives and others to face trial for Malabu oil scandal.
For their role in the bribery conspiracy with Dan Etete, former Nigerian Petroleum Minister that cost Nigeria over US$1 billion, an Italian court have charged four high level executives of the Royal Dutch Shell Plc to court.… Read More
Nigerian energy company Shoreline has signed a US$300 million agreement with Shell to develop, buy,market, distribute and sell gas in the commercial capital, Lagos.
Meanwhile, in June Shell said that it would place more emphasis on gas rather than oil in the West African country, which has the world’s ninth-largest … Read More