Communities in Bayelsa State received a total sum of N21.71 billion from the Shell Petroleum Development Company of Nigeria operated joint venture for development projects between 2006 and 2017.
The Nigerian National Petroleum Corporation’s Downstream subsidiary, NNPC Retail, has been directed to target 30 per cent market share of petroleum products distribution business in Nigeria’s Downstream Petroleum Sector by 2020.
The Nigerian National Petroleum Corporation and its Joint Venture Partner, Nigeria Agip Oil Company Limited, have pledged their commitment to implement the Okpai Phase 2 Project to shore up the current power generation with 500 megawatts of power.
A total of N14.86 billion has been invested by the Shell Petroleum Development Company of Nigeria operated Joint venture on Global Memorandum of Understanding (GMoU) clusters in Rivers State.
The Nigerian National Petroleum Corporation and the Nigerian Ports Authority have expressed readiness to ensure seamless reception of petroleum products into the various ports across the country.
Shell Nigeria Gas has increased its domestic gas distribution capacity by 150% over the last six months.
The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components for prospecting and production phases under the draft Petroleum Industry Administrative legislation currently before the National Assembly.
Shell Nigeria Exploration and Production Company (SNEPCo) delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017.
Some 290 Nigerian contractors have received loans worth more than N472 billion under the Shell Contractor Support Fund, which was set up by Shell companies in Nigeria to help vendors and suppliers in the oil and gas industry secure funds at reduced interest rates.
The NNPC has announced the appointment of Mallam Mele Kyari, incumbent Group General Manager in charge of its Crude Oil Marketing Division, as Nigeria’s National Representative to the Organization of the Petroleum Exporting Countries (OPEC).