Shell’s plans to explore for oil and gas in South Africa’s Orange Basin, recently granted environmental authorization to drill up to five deepwater wells, now faces a court appeal from environmental groups and coastal communities. While legal challenges are a natural part of democratic governance, there is broad consensus on …
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Oil and gas group Shell plans to complete a marine survey at Venezuela’s offshore Dragon gas field before a U.S.-set May deadline to wind down all licenses related to energy projects in the country, sources close to the preparations said. Colombia-flagged survey vessel Dona Jose II arrived in U.S.-sanctioned Venezuela …
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THE Shell Petroleum Development Company of Nigeria Limited (SPDC) has called for continuous collaboration between professional associations in the oil and gas industry and government agencies to ensure the sector contributes more effectively to the socio-economic development of Nigeria. Such collaboration could result in investments in research and development that …
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Executive Director of Oil Spill Victims Vanguard (OSPIVV), Harrison Jalla, has accused the Shell Trading and Shipping Company Limited (STATSCO) and its partners of diverting $1 billion insurance indemnity pollution claim intended for victims and communities in the Niger Delta impacted by the 2011 Bonga Oil Spill. The allegation was …
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Shell Petroleum Development Company (SPDC) has confirmed its continued presence in Nigeria, despite the planned divestment of its onshore assets. The company, known for its deep investments in the country, is spending $5 billion on a single deep offshore project, to show its commitment to the Nigerian oil and gas …
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SHELL is planning to cut a fifth of its workforce in two oil and gas exploration divisions, as a cost-cutting drive by chief executive Wael Sawan reaches its core upstream business. Around 20 percent of jobs will go in units responsible for Shell’s exploration strategy and for developing its …
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As part of its Corporate Social Responsibility, Shell Petroleum Development Company-operated joint venture, comprising SPDC, Nigerian National Petroleum Company Ltd, TotalEnergies and NAOC, has kicked off its “Vision First Initiative”, a community-focused eye care programme, in Bayelsa and Rivers states. The free critical eye care, including surgeries, took place at …
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Shell Petroleum Development Company SHELL, an International Oil Company (IoC), has reacted as Nigeria loses a $1.1 billion compensation claim in an Italian court over Oil Prospecting Licence (OPL) 245. The appeals court in Milan, Italy, yesterday, rejected Nigeria’s request for $1.1bn compensation from Shell and Eni, the two IoCs …
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Shell has defended its decision to purchase Russian crude oil despite the invasion and bombardment of Ukraine. The oil giant said in a statement that the decision to purchase the fuel at a discounted price was “difficult”. It confirmed that it had bought a cargo of Russian crude oil on …
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Mobil Producing Nigeria Unlimited and Shell Petroleum Development Company of Nigeria Limited recorded the biggest decline in production from joint venture assets in the first quarter of this year. The subsidiary of the United States-based ExxonMobil Corporation saw its JV output drop from 11.646 million barrels in January last year …
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