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SHELL PLC
Shell Plc has revealed that its Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC), the operator of the SPDC joint venture, reported 20 operational spill incidents of more than 100 kilograms of crude oil in 2024.
Energy major Shell Plc paid $5.34 billion to the Nigerian government in 2024, the largest amount it remitted to any country, even as it continues to divest from its onshore oil operations in Africa’s largest crude producer.
ExxonMobil is downsizing its operations in Africa’s largest oil-producing nation as it moves to reduce its office space in Lagos while curtailing activities in Nigeria.
Shell Plc has reached an agreement to sell its Nigerian onshore oil assets to a local consortium for over $1.3 billion, pending government approval.
Shell Plc has said that it expects higher earnings from gas trading in the fourth quarter of 2023.
Shell Plc has released its quarterly financial results for Q3 2023 in which it posted a profit of $6.2 billion, representing a 34.2% year-on-year decline from the figure recorded in Q3 2022
Data from the Q2 2023 State of African Energy Report by the African Energy Chamber has listed six upcoming major pre-2030 liquids final investment decisions (FIDs).
Shell PLC has announced a pause of its Nigerian onshore divestment, citing a Supreme Court suit over oil leak filed by a community in Bayelsa State.
Royal Dutch Shell Plc is considering the possibility of selling its two oil mining licenses in the oil-rich Niger-Delta.