Rivers, Shell Tango Over Ownership Of Oil Block       The Rivers State Government and Shell Petroleum Development Company are on a collision course over the ownership of Oil Mining Lease 11 and the Kidney Island in Port Harcourt, the state capital. The state government said on Wednesday...

Nigeria’s Oil Deposit Down By 2.16% To 36 Barrels - NNPC       The Nigerian National Petroleum Corporation (NNPC) has disclosed that the volume of oil deposits Nigeria holds declined by 2.16 per cent between 2018 and 2019 and is now 36.89 barrels (bbls). While the country’s oil...

300 Sacked SPDC Contract Staffs In Delta Protest, Demand Benefits         Amidst the #EndSARS protest in Delta State, over 300 contract staff who were allegedly sacked by the Shell Petroleum Development Company on Monday staged a protest in Warri, demanding their terminal benefits from the oil...

NNPC Reduces Debts To IOCs To $1.58bn, Pays Off Mobil       Out of about $4.6 billion negotiated joint venture (JV) oil production debt Nigeria was owing international oil companies (IOCs), about $3.02 billion has been paid by the Nigerian National Petroleum Corporation (NNPC), leaving about $1.58...

Shell Expends N41.1bn On Rivers, Other States’ Projects   The Shell Petroleum Development Company of Nigeria Limited has disbursed a total of N41.1bn ($228m) to fund development projects in Rivers, Delta, Bayelsa and Abia states in the last 13 years. The General Manager, External Relations, SPDC, Mr...

Shell To Deliver 624MW To Power Grid The Afam VI power plant in Rivers State, owned by Shell Petroleum Development Company of Nigeria Limited, is set to deliver its net dependable capacity of 624 megawatts to the national grid, barring any restrictions from the regulator...