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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 greater betterment of the larger society. Engr. Simbi Wabote represents that pure essence of greatness hav...

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 vehicle with the primary objective of monetising the abundant gas reserves in Nigeria. This, they said, wo...

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. December was the fourth straight month of increase in India’s gasoline production, the data show...

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 implications, as we review the consequences of higher business risks for these ratings. - We are re...