Shell Nigeria Exploration and Production Company (SNEPCO) says court judgment on 3.6 billion dollars fine for the Dec. 20, 2011 oil spill in parts of Niger Delta is not binding. Shell, operator of the Bonga oil field where the spill occurred, had approached the courts to challenge the powers of National Oil Spills Detection and…
Saudi Aramco’s gas expansion strategy needs 150 billion dollars worth of investments over the next decade as the company plans to increase output and become an exporter, its chief executive said on Tuesday. Aramco is pushing ahead with its conventional and unconventional gas exploration and production programme to feed its fast growing industries, freeing up…
In December 2017, the Chief Executive of Samsung Heavy Industries, SHI, Park Dae-young resigned from the world third largest shipbuilder. Dae-young threw in the towel following financial losses that cost the company about a third of its market capitalization. The CEO appeared left with no choice as SHI under his watch according to Financial Times,…
Mr Emeka Okwuosa, the Chief Execultive Officer, Oilserve Nig. Ltd., would on Nov. 29 deliver a lecture on impact of infrastructure development in Nigeria. This was contained in a statement issues by Dr Ngozi Anyaegbu, the company’s media consultant, which was made available to newsmen in Lagos. According to the statement, Okwuosa who is the…
US vs OPEC With Saudi as the umpire Mohammed bin Salman Late in September, when oil price hit a 4-year high, President Donald Trump called on OPEC to do something about it, he was rebuffed. Trump isn’t a stranger to the politics around trade wars; China and Europe, among others can testify to that. America’s…
That Nigeria has one of the highest number of children without access to education with about 13.2 million out-of-school children is no longer news. The statistics are staggering and hard to deny given the number of children hawking or begging on the streets everyday. Last month, an official of the United Nations Children Fund (UNICEF)…
Literacy in Nigeria at 59.6% (CIA World Fact book) is one of the lowest in West Africa and sub-Saharan Africa, with huge variations between states, regions and gender. According to the United Nations International Children’s Emergency Fund (UNICEF) Nigeria has the highest number of children without access to education with about 10.5 million children affected….
The Shell Petroleum Development Company of Nigeria Limited (SPDC) says out of the over N41billion disbursed for community projects in Niger Delta, about N15billion went to Rivers State under the Global Memorandum of Understanding. “Between 2006 and end of 2017, a total of N14.86 billion has been invested by the SPDC Joint Venture in the…
Shell Nigeria Gas has re-trained 30 firefighters in Abia State and donated firefighting equipment to the state fire service. This intervention was triggered by two recent fire disasters in the state which resulted in deaths and loss of property worth millions of naira. Over 150 shops in the timber and furniture section of the Nkwo…
Valery Guillebon, CEO of Sahara Energy International PTE Ltd. has urged investors to take advantage of emerging opportunities in South Sudan’s upstream, downstream and power sectors in the wake of positive market forecasts and assurances of enabling business environment from the oil-rich nation. Speaking at the Africa Oil & Power Conference in Juba, Guillebon said,…