
Shell invests $510 million to expand stake in Nigeria’s Bonga Oil Field
The acquisition is still subject to standard conditions, including regulatory approvals.
The acquisition is still subject to standard conditions, including regulatory approvals.
Executive Vice President Nigeria, Marno de Jong, will take on the additional responsibilities of Country Chair Nigeria.
Nigerian companies have a lot to benefit if they are prepared to take advantage of more opportunities in its offshore and shallow water oil and gas projects.
The infrastructure will support the delivery of gas from producers to consumers in an efficient way that is also transparent and cost effective,
With zero foreign investment in early 2023, to billions pledged by year’s end – what lies behind the country’s dramatic offshore turnaround, and what are the challenges?
We also continue to make good progress in contract awards to Nigerian businesses.
The community has a pending lawsuit against Shell, which it accuses of causing an oil spill that damaged waterways and farms.
Shell’s claim was based on a study commissioned by Compass Lexicon consultancy, which aimed to determine the extra revenue Venture Global had seemingly wrongfully earned by denying certain European customers their contracted cargoes.
SPE International President Terry Palisch, and Chairman of the Nigeria Council Salahudeen Tahir who jointly presented the award described Shell as a leading light in the oil and gas industry, providing valuable support particularly to indigenous companies.
Costly repairs resulting from complications in Nigeria’s oil sector contributed to the company’s growing discontent and eventual exit.