Thursday , 18 January 2018

Oil & Gas: Africa

Brazil: Total launches large-scale development of Libra field

Total announces that it has taken the investment decision for the first large-scale development phase of the Libra project, located deep offshore, 180 kilometres off the coast of Rio de Janeiro, in the pre-salt area of the Santos Basin in Brazil. Total disclosed in a statement that: ‘’This phase, consisting of a floating production storage and offloading (FPSO) unit with …

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Shell moves to secure future as Nigeria’s electricity dilemma persist

With low generation, transmission and distribution of electricity, currently hovering at about 4,000 megawatts, MW, the Federal Government and investors have not yet been able to provide adequate power to Nigerians who needs over 10,000 mw daily supply. Investigations showed that the nation’s power dilemma is fuelled by issues such as: inadequate investment, poor facilities, irregular maintenance, lack of funds, …

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Total declares €0.62 per share second interim dividend

The Board of Directors of Total met on December 12, 2017, and declared a 2017 second interim dividend of €0.62 per share and offered, under the conditions set by the fourth resolution at the Combined Shareholders’ Meeting of May 26, 2017, the option for shareholders to receive the 2017 second interim dividend in cash or in new shares of the …

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Scarcity: Oil marketers hoarding, diverting petrol — DPR

The Department of Petroleum Resources, DPR, yesterday, accused petroleum marketers of hoarding and diversion of Premium Motor Spirit, PMS, also known as petrol, thereby fuelling the scarcity of the commodity across the country. Speaking in Abuja, Head, Public Affairs Unit of the Abuja office of the DPR, Mr. Mohammed Saidu, stated that from its inspection, a number of petrol stations …

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Students, experts, others can participate as Shell welcomes ideas on Nigeria’s energy future

Stakeholders, including students, experts and others can now make contributions as Shell welcomes contributions on Nigeria’s energy future. The gesture is targeted at tapping on the creative ingenuity of Nigerians to develop reliable, clean and sustainable energy options for the nation. Already, a ‘Future Energy Survey’ commissioned by the company reveals that more than four in five Nigerians are interested …

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Shell, Eni to stand trial in Nigeria bribery case

Royal Dutch Shell and Eni have been ordered to stand trial over alleged corruption in Nigeria with the Italian major’s chief executive among those indicted. A Milan judge ruled on Wednesday the two companies along with a series of present and past executives would have to face a trial which legal sources said is due to start on March 5.   The case …

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Four Shell staff bag Society of Engineers fellowship

Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari, and three other senior engineers with Shell companies in Nigeria have been conferred with the fellowship of The Nigerian Society of Engineers, the highest professional recognition in engineering practice in Nigeria. The three others are SNEPCo’s Engineering Manager, Debo Oladunjoye; Projects Delivery and Assurance Manager of Shell Petroleum …

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Shell emerges with ‘Marketthefuture’ campaign

Shell has emerged with #makethefuture campaign targeted at meeting future energy challenges globally. In Nigeria, the important event expected to stimulate sustainable development will be launched in Lagos on November 30, 2017. In a message posted at its website, the company disclosed that: ‘’In Shell, we believe the answers to tomorrow’s energy challenges lie in the power of people’s ingenuity, and that together …

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Shell Companies emerge best in sustainability innovation in Africa

Shell Companies in Nigeria (SCiN) have emerged the 2017 Best Nigerian companies in Sustainability Innovation in Africa, beating two other finalists at the 11th edition of the Sustainability, Enterprise and Responsibility Awards (SERAs) for Corporate Social Responsibility held in Lagos on Friday. Shell companies also defeated three other contestants to win as the Best Company in Affordable and Clean Energy, and …

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Nigeria oil services providers lament Shell award to Canadian firm

–          Shell explains award, reiterates commitment Some of Nigeria’s oil services providers and owners of fabrication yards have lamented a $600 million contract award by the Shell Petroleum Development Company, SPDC to Enerflex, a Canadian firm, alleging breach of the Nigeria Content Act. The services providers claim that there is in-country capacity for the contract awarded to Enerflex for the fabrication …

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