Shell

Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, a consortium of five companies comprising four exploration and production companies…

Aiteo, a domestic oil producer in the West African nation is in a protracted legal dispute with Shell Plc and seven Nigerian banks over about $2.6 billion facility for a 2015 asset sale according to Bloomberg Aiteo Eastern E&P Co…

Shell said it will ramp up its dividend and share buybacks while keeping oil output steady into 2030, as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan. In a new financial framework…

Oil giant, Shell has agreed to pay $16 million to four Nigerian farmers and their communities to compensate for damage allegedly caused by pollution coming from leaks in its oil pipelines. The sum was agreed…

Shell is likely to increase its push in renewable energy to close gap with its competitors when incoming Chief Executive, Wael Sawan finally takes the rein. Shell has lagged in renewables capacity compared to peers like TotalEnergies and…

British energy giant Shell announced Thursday that chief executive Ben van Beurden will step down at the end of the year to be replaced by renewables director Wael Sawan. Van Beurden, who will have been at the helm for nine years, will…

A Shell Floating Production Storage and Offloading (FPSO) vessel operating off the Bayelsa coastline, has been shut down due to water leakage, an official has said. SPDC Spokesman, Mr Michael Adande who disclosed this in a statement on…

Shell plc today made the following statement after the Dutch Public Prosecutor’s office announced it had dismissed its investigation into bribery allegations related to Oil Prospecting Licence (OPL) 245 in Nigeria. “We welcome today’s…

For fulfilling their tax obligations despite the ravaging Covid-19 pandemic and the attendant harsh economy, the Federal Inland Revenue Service (FIRS) has celebrated Nigeria Liquified Petroleum Gas Company Ltd and 21 others, describing…