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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 Gbajamiamila, said in January that “we intend to pass this bill by April. That is the commitment ...
Article Nigeria: Shell still denies responsibility for decades-old spill as it takes matter to World Bank dispute resolution body âShell Reports Nigeria to WâBank Panel over Oil Spill Disputeâ 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 majorâs Netherlands-registered holding company and SPDC filed the case at the World Bankâs International Centre for Settlem...
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 Shell Petroleum Development Co. (SPDC) registered their claim against Nigeria last week at the Internat...