Page 19 - Shell Petroleum News Today

Seplat Cuts Debt, Spends on Gas Mar 1, 2021 12:15:pm Summary by: William Powell Nigerian producer Seplat generated $330mn from operations last year. The cash went mainly on its major Assa North Ohaji South (Anoh) gas project and repaying $100mn of debt. And despite the lowest oil prices in its 10-year history, the company said it had maintained dividen... Posted in:

Rising fuel pump prices seen to stifle economy

Nigeria‘s PIB nears journey’s end [NGW Magazine] Feb 18, 2021 7:15:am Summary The Nigerian Petroleum Investment Bill is nearing enactment, but there are still differences between the states and the government over sharing the upstream bounty. [NGW Magazine Volume 6, Issue 4] by: Omono Okonkwo Over a decade after first mooted, the Petroleum Industry Bill (PIB) is set to become law this spring. The speaker of the lower chamber of Nigeria’s national assembly, Femi...

Article Nigeria: Shell still denies responsibility for decades-old spill as it takes matter to World Bank dispute resolution body ‘Shell Reports Nigeria to W’Bank Panel over Oil Spill Dispute’ 15 February 2021 Royal Dutch Shell Plc along with its Nigerian subsidiary, the Shell Petroleum Development Company (SPDC), has launched arbitration proceedings against the federal government over a long-running dispute with a Rivers community. The oil major’s Netherlands-register...

Shell seeks ICSID arbitration over Rivers case Shell has filed for arbitration against Nigeria over an ongoing dispute around oil spills. © Bloomberg Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up Shell has filed for arbitration against Nigeria over an ongoing dispute around oil spills. Shell Petroleum and She...

They brought the lawsuit in London, Shell’s home base, because they said the Nigerian courts are too corrupt.

Engr. Simbi Wabote: Celebrating a man of Industry at 55 By Tue Feb 02 2021 In the words of the great English poet and philosopher, Williams Shakespeare, some are born great; others achieve greatness while some have greatness thrust upon them by divine providence. In the thinking of some transformational leadership scholars, greatness is nothing until it is put to productive use with the aim being to enhance the fortunes of men and women while improving the essence of humanity and for the greate...

Punch Newspapers Sections Okechukwu Nnodim The Nigerian National Petroleum Corporation and its partners on Friday took the Final Investment Decision for the construction of a $3.6bn gas processing and methanol plant. The plant, Brass Fertiliser and Petrochemical Company Limited, is jointly sponsored by NNPC, DSV Engineering Limited and the Nigerian Content Development and Monitoring Board. Partners in the project signed the FID in Abuja, as they explained that BEPCL was a special purpose vehicl...

REFINERY NEWS ROUNDUP: Gasoline output up in India; Petron’s Bataan plans temporary halt India’s gasoline output climbed to a 14-month high in December, ending 2020 at pre-pandemic levels, as robust domestic demand spurred refiners to increase production of the motor fuel. Gasoline production at the world’s third-largest energy consumer rose to 3.341 million mt in December, up marginally by 0.36% from the previous month, the latest data from the Petroleum Planning and Analysis Cell showed...

S&P Global Ratings Takes Multiple Rating Actions On Major Oil And Gas Companies To Factor In Greater Industry Risks - S&P Global Ratings believes the energy transition, price volatility, and weaker profitability are increasing risks for oil and gas producers. - To factor this into our ratings, on Jan. 25, 2021, we revised our industry risk assessment to moderately high risk from intermediate risk. - We have placed our ratings on nine companies and their subsidiaries on CreditWatch with negative...