Shell
NNPC renews OML 118 with Shell, Total, Exxon, Eni
The Nigerian National Petroleum Corp renewed Oil Mining Lease 118 with the local subsidiaries of Shell, Total, Exxon and Eni for another 20 years, the West African country’s state oil firm said in a statement on Tuesday. The deal signals the end of “long-standing disputes over the interpretation of the fiscal terms of the production-sharing contracts” between the investors in the field, the statement said. The Nigerian government will immediately recognise revenues of $780 million from the signing of the agreement, “while it would also free the parties from over $9 billion in contingent liabilities,” the statement said. The deal was signed between NNPC, Shell Nigeria Exploration and Production Company, Total Exploration and Production Nigeria Limited, Esso Exploration and Production Nigeri...
Cross River PDP stakeholders: We’re not defecting with Governor Ayade
File Photo The Peoples Democratic Party (PDP) Federal Lawmakers and Stakeholders Forum in Cross River have pledged not to follow the State Governor, Prof. Ben Ayade, to the All Progressives Congress (APC). The lawmakers and the PDP stakeholders forum at a news conference on Friday in Abuja, promised to remain in PDP, saying Cross River remained a stronghold of the party. Sen. Geshon Bassey, who spoke on behalf of the lawmakers, said that Ayade did not consult them before his defection, adding that “even if he did, we will not follow him. “As far as I know, till date, the National Assembly caucus remains intact. I don’t see any of us leaving. We are legacy members of the party, who have been in this party for the past 15 to 20 years. So, we are not going anywhere. “We were not consulted and...
Kassim Afegbua: No need for reconciliation with Governor Obaseki
Prince Kassim Afegbua, a chieftain of the Peoples Democratic Party (PDP) and former Commissioner for Information in the state, has said he has no need to reconcile with Governor Godwin Obaseki on his purported suspension from the party. Speaking in an interview, Afegbua also said he remained a member of the PDP despite his public endorsement of Pastor Osagie Ize-Iyamu, candidate of the All Progressives Congress (APC) in the last governorship election in Edo state. He said: “There is nothing to reconcile with the state Governor. I am older than him at the party. He only came because he needed a platform to contest the election. After his second term inauguration, can you name the PDP members in his administration, five months after? “Yes, I was purportedly suspended for one month by my ward...
Shell donates 330 PPEs to FRSC in Rivers
File Photo The Federal Road Safety Corps (FRSC), Rivers Command, said it had received over 330 Personal Protective Equipment (PPEs) donated by Shell Nigeria to combat the COVID-19 pandemic. Rivers FRSC Sector Commander, Salisu Galadunci, said in a statement that the PPEs comprised of 170 pieces of nose masks, 150 pieces of reflective jackets and body temperature gauges. The sector commander said that the items were presented by Shell Nigeria officials led by its Head, Sponsorship and Social Investment, Mrs Anike Kakayor. “The team has expressed delight in the way and manner in which the FRSC Rivers carries out its operational mandates of safeguarding lives on the highways. “The team also commended our aggressive enlightenment campaigns at motor garages and on the various media platforms. “...
Malabu scandal: Italian court acquits Eni, Shell of corruption
Getty Images An Italian court has acquitted Shell and Eni of corruption charges in the $1.1 billion OPL 245 deal in Nigeria. Marco Tremolada, the judge, delivered the decision on Wednesday. Italian prosecutors had alleged corruption in the deal while campaigners said the Nigerian government was short-changed. After years of trial, the court in Milan has now determined that Shell and Eni are not guilty of the the charges. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Court refuses to unblock Shell’s bank accounts
Getty Images Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos on Tuesday declined to vacate an interim injunction directing 20 banks to block Shell Petroleum Development Company of Nigeria (SPDC) and its subsidiaries’ bank accounts. The court also insisted that two of the banks’ secretaries and chief financial officers accused of disobeying the order made on January 25, 2021 must appear before it on March 29, 2021. The affected banks and their officials are: Citi Bank Ltd, its Company Secretary Sola Fagbure and Chief Financial Officer, Sharaf Mohammed; United Bank For Africa (UBA) Plc, its Company Secretary Bill Andrew Odum and Chief Financial Officer, Ebenezer Kolawole. The judge threatened to issue a warrant of arrest against them if they failed to appear before her on the ...
PIB: Rivers governor supports allocation of 10 per cent oil revenue to host communities
Rivers State Governor, Nyesom Ezenwo Wike, has advocated not less than 10 percent fund allocation to host communities in the Petroleum Industry Bill that is still before the National Assembly. Governor Wike said it is also necessary that the bill state in clear terms what specific development projects that the allocated fund should be spent on, so that development of host communities can be truly actualised. The governor gave the charge when the members of the National Assembly Committee on the Petroleum Industry Bill, visited him at Government House, Port Harcourt, on Thursday. Governor Wike stated that oil bearing communities have suffered the loss of their livelihood, good drinking water and their socio-cultural life disrupted because of the insensitivity of the International Oil compan...
Nigerian government seizes bank’s assets over Shell’s N183 billion debt
File Photo Nigerian government have moved to sequester the assets of the country’s premier lender First Bank of Nigeria Limited in an effort to recover the damages oil major Royal Dutch Shell owed the Ejama Ebubu community of Rivers State in a legal contest spanning many decades, Bloomberg reported Thursday. Police operatives and court officials arrived the bank’s main branch in Port Harcourt on Tuesday to execute an order to seize the lender’s asset, FirstBank said in a statement. The bank said the incident leading to the confiscation of its properties was “unjustified, illegal and a reckless misuse of the machinery of justice.” Lagos-headquartered FirstBank resolved to guarantee the damages awarded against Shell by a Rivers State high court judge a decade ago. According to the estimation...
OPL245 scandal: Coalition urges World Bank group not to protect oil giants
A World Bank affiliated group may scuttle Nigeria’s bid to successfully prosecute illicit funds associated with the controversial OPL 245, a coalition of international anti-corruption groups has said. The post OPL245 scandal: Coalition urges World Bank group not to protect oil giants appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Shell employees launch N82 million free feeding programme at isolation centres
Getty Images Employees of Shell companies in Nigeria have launched free feeding programme in COVID-19 isolation centres in seven states under the Shell Employee Care Programme, the General Manager External Relations of Shell Nigeria, Igo Weli, said in a statement on Thursday. “The programme has kicked off in Abia, Bayelsa, Delta, Imo, Lagos, Ogun and Rivers and it is a further demonstration of care to the people following the numerous intervention programmes by Shell companies in Nigeria particularly in support of government at all levels in the fight against the spread of the novel coronavirus pandemic,” Weli said. The feeding programme, according to Weli, was being funded from personal donations by staff and contractors of the Anglo-Dutch integrated energy giant, the total amount of whic...
2023: Kogi commissioner tackles Ohanaeze over zoning
Mr Kingsley Fanwo, Kogi State Commissioner for Information and Communications, has reacted to comments by Igbo socio-political group, Ohanaeze Ndigbo on Gov. Yahaya Bello’s assertion about rotation of Nigerian presidency among the different regions of the country. Bello had during a maiden edition of the ‘Governor Yahaya Bello seminar for political and crime correspondents’ in Abuja on Friday, described rotational Presidency as “unconstitutional.” The Governor, who has also declared his intention to run for the presidency in 2023 added that “Nigerians should be allowed to make their choices for the best candidate to emerge for the top post”. But reacting to the claim, Ohanaeze Ndigbo which has been at the vanguard of the clamour that a Nigerian of South-East origin should succeed President...