Tag
GLOBAL GAS
The Global Gas and Refining Limited has alleged that the Nigerian Upstream Petroleum Regulatory Commission's (NUPRC) reported approval of the sale of $2.4 billion in onshore assets of the Shell Petroleum Development Company (SPDC) to Renaissance Africa Energy Company Limited, a local oil and gas consortium, "undermines the rule of law but also sets a dangerous precedent for corporate governance in Nigeria."
Nigerian Court gives Shell and Global Gas January 22 to ‘settle’ 2002 Gas Processing Agreement Terms
The Federal High Court has set January 22, 2025, for the Shell Petroleum Development Company of Nigeria Limited and Global Gas and Refining Limited to report on their out-of-court settlement efforts regarding the latter’s allegation that Shell failed to supply wet gas in accordance with the terms of their Gas Processing Agreement (GPA) dated March 15, 2002.
The Federal High Court has permitted the Shell Petroleum Development Company of Nigeria Limited and Global Gas and Refining Limited to explore an out-of-court settlement regarding the latter's allegation that Shell failed to supply wet gas in accordance with the terms of a Gas Processing Agreement dated March 15, 2002.
Increased processing and exportation of Liquefied Natural Gas (LNG) dropped Nigeria’s global gas flaring profile by 40% in 20 years.