British Oil and Gas giant Shell Plc. (NYSE:SHEL) needs an exploration breakthrough or a big merger after its oil reserves fell to the lowest levels since 2013, exposing the company to a production shortfall in less than a decade.
Shell PLC, through Shell Nigeria Gas Ltd (SNG), has signed an agreement to supply natural gas to SG Industrial FZE. The new customer is “a leading steel company in the Guandong industrial zone in the state”, the British company said on its Nigerian website. “The agreement adds to a growing list of clients for SNG […]
Shell Plc is planning to dissolve a partnership with Russia’s Rosneft PJSC through which the two oil giants jointly own a stake in a pipeline from Kazakhstan
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday denied granting clearance for Shell PLC’s sale of its onshore subsidiary to a local player.
The joint venture (JV) between Nigeria National Petroleum Co. Ltd. (NNPC) and Chevron Corp. is targeting to reach production of 165,000 barrels of oil per day (bopd) by the end of 2024 after converting their licenses under the terms of the Petroleum Industry Act (PIA)
Saudi Arabia’s energy giant Aramco has topped a list of the world’s largest oil companies in terms of proven reserves, boasting figures 15 times greater than its nearest competitor, according to newly calculated figures.
ANALYSTS have said that SHELL’s exit from the Nigerian onshore oil business will attract varying consequences for indigenous firms and the country’s foreign exchange market.
RM Parks Inc. California-based US fuel distribution company signed an agreement with the BOI with an investment of U$ 100 million. The company will serve the Sri Lankan petroleum sector, in collaboration with Shell Plc.
Shell Plc, ExxonMobil Corporation, Chevron Corporation, and Equinor ASA have said they will withdraw their lawsuits of about $3 billion, against the Nigerian National Petroleum Company (NNPC) Limited.