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Despite initial rejection, FG approves Renaissance’s $1.3bn Shell divestment deal

Renaissance Africa Energy Company Limited has received approval from the Nigerian Ministry of Petroleum Resources for the acquisition of Shell Petroleum Development Company (SPDC).This...
Business

Tinubu reacts as Shell, partners invest $5bn in Nigeria’s Bonga North Deepwater

Shell and its partners have invested $5 billion in the Bonga North Deep Offshore Field.The Bonga North oilfield located 130 kilometres offshore in Oil...
News

Amnesty warns FG against human rights abuses in Niger Delta

Amnesty International has warned the federal government to ensure that the divestment by Shell Petroleum Development Company (SPDC) does not worsen human rights abuses...
Business

TotalEnergies To Finalise Bonga North Project, Key Investments With NNPCL, Shell By Year-End

TotalEnergies is optimistic about finalising its investment decisions on the Bonga North Offshore project, along with key joint ventures with the Nigerian National Petroleum...
News

INVESTIGATION: Shell, Chevron, ExxonMobil, other IOCs push climate change disinformation in the face of pollution in Nigeria’s Niger Delta

Since 1958, multinational oil companies have been operating in Nigeria’s Niger Delta region with devastating environmental consequences for local communities.To advance their corporate interests,...
Business

Malabu: US. lawmakers demand fresh probe into Shell, Eni’s bribery allegation

The last has not been heard of the controversies surrounding the 2011 deal for lucrative Nigerian oil bloc, Oil Prospecting Lease (OPL) 245 popularly...
Business

Shell Nigeria taxes, royalties decline by $27m in 2023

Corporate taxes and royalties’ remitted by Shell Nigeria declined by $27m in 2023.This is according to figures announced by the company in its published...
Business

NUPRC Lists Divestment Framework For Potential Investors In SPDC Assets

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has listed the conditions that must be met by potential investors willing to invest in the assets...
News

Rainbow Book Club Launches Talking Books Africa and R.O.A.R. Africa Series

A decade after, the Rainbow Book Club, Project Managers of the Port Harcourt World Book Capital programme, are launching two(2) exciting initiatives;Today, April 23rd...
Business

After years of dormancy, PH refinery takes delivery of 475,000 barrels of crude oil from Shell

After several years of dormancy, it appears the Port Harcourt refinery is set for a restart as Shell Petroleum Development Company Limited (SPDC) has...
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