Finally, Shell Remove Majeure On Bonny Light Ports   Royal Dutch Shell has lifted the force majeure in place on exports of a major Nigerian grade, Bonny Light, as tight global oil supply encourages sellers of Nigerian crude to offer many varieties at all-time high prices. The...

Shell’s Annual Payment To Nigerian Govt Hits $6.39bn Royal Dutch Shell has said its subsidiaries in Nigeria paid $6.39bn to the Nigerian government and its agencies last year, compared to $4.322bn in 2017 and $3.638bn in 2016. The oil giant disclosed this in its ‘2018 Payments...

FG To Cut Stakes In JV With Shell, Others   The Federal Government plans to cut its stakes in joint oil ventures with international oil companies to 40 per cent this year, the Minister of Budget and National Planning, Senator Udo Udoma, has said. The government is...

Shell: FG’s Tax Claims May Delay Deepwater Oil Project   Royal Dutch Shell said on Tuesday that Nigeria’s claims that it was owed billions in taxes could delay the development of a major oil field off the coast of the country. The Federal Government ordered several major...

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...

Shell’s Annual Profit Triples To $13bn Royal Dutch Shell said Thursday that profit after taxation almost tripled to just under $13bn (10.5 billion euros) in 2017, energised by rising oil and gas prices. Net or bottom-line earnings for the full year compared with a figure of...