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Tags: SHELL

Shell considers investment in Niger Delta gas project

Shell considers investment in Niger Delta gas project

Osagie Okunbor, managing director of Shell Petroleum Development Company of Nigeria (SPDC), has said Shell is considering whether to invest in a gas project in Nigeria’s southern Niger Delta energy hub, Reuters reports. Nigeria has the world’s ninth largest proven gas reserves, at 187 trillion cubic feet (tcf). Okunbor said it was “on the verge of… READ MORE

Nigerian crude oil exports threaten market balance

Nigerian crude oil exports threaten market balance

Oil export operations in Nigeria are back in service following repairs, a division of Royal Dutch Shell said, adding to lingering supply-side concerns. A spokesperson for the Shell Petroleum Development Company of Nigeria Ltd said the company lifted force majeure, a contractual condition related to circumstances beyond the control of the parties involved, for exports… READ MORE

Nigeria: Shell Profit Up By U.S.$2.2 Billion, to Invest U.S.$25 Billion in Nigeria, Others

Nigeria: Shell Profit Up By U.S.$2.2 Billion, to Invest U.S.$25 Billion in Nigeria, Others

Houston, U.S.A. — The net profit of Royal Dutch Shell more than doubled in the first three months of 2017, surpassing predictions by analysts as rebounding oil prices and refining gains helped to boost the company’s revenue. The company’s first quarter 2017 financial results released yesterday showed that net income attributable to shareholders in the… READ MORE