Shell Archives — Page 2 of 7 — City Business News

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-expected profits followed a...

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...

July 2, 2022 No Responses

NCDMB Partners Shell, Exxon, NAOC On Oil & Gas Parks

By Moses Ebosele, ebosele@hotmail.com — Major international operating oil and gas companies, notably Shell Petroleum Development Company (SPDC) and Exxon Mobil Nigeria, and the Nigerian Agip Oil Company (NAOC) have made significant investments in suppor...

May 24, 2022 No Responses

Shell Inaugurates Oloibiri Health Programme Phase-2

Energy company, Shell, has inaugurated the second and final phase of its comprehensive health care projects for Oloibiri and other communities in Ogbia Local Government area of Bayelsa State. “Corporate Social Responsibility means doing well. What you ...

May 6, 2022 No Responses

Shell Records $9.13b Profits In Three Months

Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world. Shell made $9.13bn (£7.3bn) in the first three months of the year, nearly triple its $3.2bn profit it announced for the...

April 5, 2022 No Responses

NLNG Plants: FG Charges Shell, Chevron, NNPC, Others On Gas Supply

The Federal Government has appealed to partners in Nigeria Liquified Natural Gas (NLNG) project to allow transportation of third-party gas through joint pipelines as part of measres to increase gas supply to the plant. Minister of State, Petroleum Resour...

March 22, 2022 No Responses

Shell Reconsiders Exit From Oil Field Off Shetland

Shell is reconsidering its recent decision to pull investment from a large new UK oil field, the BBC understands. In December, Shell said the economic case – along with possible regulatory delays – meant it was withdrawing from the Cambo...