Shell Archives — Page 2 of 7 — City Business News

July 4, 2023 No Responses

Tinubu Receives Shell’s Global Upstream Director, Other Stakeholders

President Bola Ahmed Tinubu has assured the business community of his government’s commitment to policy consistency and better business climate to attract investment. The President spoke Monday while receiving the delegation of the Shell Petroleum Develo...

June 7, 2023 No Responses

Shell Adverts Banned Over Misleading Claims

The United Kingdom advertising watchdog, Advertising Standards Authority (ASA) has banned a video advert and billboard campaign from Shell over misleading claims about how clean its overall energy production is. The ban applies to one TV advert,...

May 25, 2023 No Responses

Shell Unveils $56.13m For Host Communities

The Shell Petroleum Development Company, operator of the SPDC joint venture has unveiled eight Host Community Development Trusts in Bayelsa State, a critical step for unlocking the $56million earmarked for development in line with the provisions of the Petrole...

May 14, 2023 No Responses

Shell, GasLog, Seal LNG Charter Deals

GasLog, International owner and operator of liquefied natural gas (LNG) carriers has entered into new time charter agreements for two of its LNG carriers. One of the time charter agreements involves GasLog Singapore LNG carrier and it was signed with New....

May 5, 2023 No Responses

Shell Declares $10b Profit In Q1

Shell on Thursday posted a first-quarter (Q1) net profit of $9.65 billion as strong earnings from trading and higher Liquefied Natural Gas (LNG) sales offset cooling energy prices, while extending its large share repurchase programme. The stronger-than-e...

April 12, 2023 No Responses

Shell, HPA To Explore Decarbonising Ports Through Vessel Electrification

Shell Marine and Hamburg Port Authority (HPA) have signed Memorandum of Strategic Partnership (MSP) to explore decarbonizing ports through areas such as vessel electrification and the development of charging networks. World Maritime News report that the agreem...

March 16, 2023 No Responses

Shell Lifts Force Majeure On Bonny Light Crude Exports

The Shell Petroleum Development Company of Nigeria Ltd., (SPDC), operator of the SPDC joint venture, has lifted the force majeure on Bonny export programme with effect from March 15, 2023. Mrs Bola Essien-Nelson, the Media Relations Manager of SPDC, confirmed....

February 14, 2023 No Responses

SNEPCo’s Bonga FPSO Hits 1b Barrel Milestone

Nigeria’s first deep-water exploration and production vessel, Bonga, hit a one-billion-barrel oil export mark on Monday. The Managing Director, Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Mrs Elohor Aiboni, explained in a statement t...

February 6, 2023 No Responses

Shell, NDDC To Reconcile Accounts

The Managing Director of Shell Petroleum Development Company of Nigeria Limited, SPDC, and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, has pledged to work with officials of the Niger Delta Development Commission, NDDC, to reconcile the statu...

January 7, 2023 No Responses

Shell To Pay First UK tax In Five Years

Shell has said it will pay tax in the UK for the first time since 2017 after making huge global profits last year. The energy firm said it expected to “take a hit” of around $2bn (£1.7bn) on profits in...

September 17, 2022 No Responses

Shell Targets 10,000 Electric Vehicle Charging Points Across India

Shell plans to set up more than 10,000 electric vehicles (EV) charging points in India by 2030. Already, Shell has launched its first EV chargers in India, for the four-wheeler and two-wheeler segments in Bengaluru. India is the first market for...

September 15, 2022 No Responses

Shell To Resume TNP Pipeline Test

Shell Petroleum Development Company of Nigeria Limited (SPDC) is planning to resume the testing of its main trunkline, the Trans Niger Pipeline (TNP). A competent source, who pleaded anonymity, confirmed the development to the News Agency of Nigeria (NAN...

August 6, 2022 No Responses

Shell Staff Get Profits Bonus

Energy giant Shell is to give its workers a one-off 8% bonus after the company reported record profits from high oil and gas prices. Most of the 82,000 staff it employs worldwide will get the pay boost but top executives...