$5bn Bonga S'West Project Gets Presidential Support
President Bola Tinubu has approved targeted incentives to unlock Shell’s long-delayed $5bn Bonga South-West deep-offshore oil project. He also directed his Special Adviser on Energy, Olu Verheijen, to facilitate the gazetting of the incentives in line with Nigeria’s...
Presidency Hawks Want Bonga Seized Over Judgment Debt
As the $9.6 billion arbitration award and United Kingdom Court enforcement judgment against Nigeria in favour of an Irish firm, Process & Industrial Developments Limited (P&ID), continue to generate controversy, presidency hawks are urging the federal government...
NNPC, Shell Still Negotiating $10b Bonga contract
Royal Dutch Shell and its partners will decide next year on whether to go ahead with the development of Nigeria’s Bonga Southwest offshore oilfield, it was gathered yesterday.
Managing Director, Shell Nigeria Exploration and Production Company, Bayo Ojuli, told...
