Italian Court Acquits Eni, Shell Of Corruption In OPL 245 Deal       An Italian court has acquitted Shell and Eni of corruption charges in the $1.1 billion OPL 245 deal in Nigeria. Marco Tremolada, the judge, delivered the decision on Wednesday. Italian prosecutors had alleged corruption in the...

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...