NNPC Rules Out Equity Sale, Reduces Debts In JV With Shell, Chevron, Others To $2bn       The Nigerian National Petroleum Corporation (NNPC) has backpedalled from selling its equity in oil assets because of low oil prices and general poor state of the industry. Group Managing Director, NNPC,...

In Nine Years, Shell’s Gas Flare In Nigeria Drops By 80% - Report   International oil company, Shell has said its flaring of gas from oil fields in Nigeria dropped by 80 per cent between 2010 and 2019. It stated this in its 2019 Sustainability Report where...

Oil major Suffers $800m Hit, Revises Q1 Production Guidance   Oil major, Shell, yesterday, trimmed its estimated oil and gas production for the first quarter of 2020, warning of major uncertainty over the value and demand for its fuels due to the growing coronavirus pandemic. Similarly the...

NCDMB, Shell Sign Deal On Bayelsa Gas Facility   The Nigerian Content Development and Monitoring Board has announced the signing of an agreement with Shell Nigeria Gas for the lease of one hectare of its land at Polaku, Bayelsa State, for the development of a Pressure...

NNPC, Shell To Assess 35,000bpd OML 25 Damage   The joint venture partners in the 35,000 barrels per day Oil Mining Lease 25 are to evaluate the damage done on OML 25, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, has said. JV partners in...

Shell Deploys Aeriel Cameras For Checking Spills, Crude Theft   THE Shell Petroleum Development Company of Nigeria Limited (SPDC) said it has deployed high definition (HD) cameras for quick detection and response to crude oil spills from its facilities. The cameras will also help in tracking...