Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed in London on Monday between the Nigerian National Petroleum Corporation (NNPC) and two of its JV partners: NNPC/Chevron Nigeria Limited (CNL)...

The Shell Petroleum Development Company of Nigeria Limited (SPDC) operated Joint Venture (JV) contributed $29 billion to Federal Government’s coffer between 2012 and 2016, the Country Chair, Shell Companies in Nigeria (SCiN) and Managing Director of SPDC, Osagie Okunbor, has said . He spoke during...

Shell Petroleum Development Company (SPDC) and the Joint Venture (JV) partners remitted $42 billion to the Federal Government between 2011 and 2015, The Nation has learned. This is contained in Royal Dutch Shell’s 2015 Sustainability Report released yesterday. The oil giant said it also paid...

While Shell Petroleum Development Corporation (SPDC) works towards the rehabilitation of the Forcados Export Terminal pipeline damaged by vandals, Nigeria would have lost about 25 million barrels of crude oil before it’s repaired. The Forcados Terminal in Delta State, which is one of Nigeria’s biggest...

Nigeria’s crude oil export capacity and its foreign exchange earnings may be seriously jeopardised in the days ahead as Shell Petroleum Development Company; SPDC, yesterday declared a force majeure on Forcados. The oil company’s action was sequel to the disruption in production caused by...