ENVIRONMENT

Nigeria’s Supreme Court has allowed Shell Petroleum Development Company of Nigeria Limited (SPDC) to appeal a ruling that directed it to pay $1.8 billion compensation to locals over an alleged spill, in a dispute that has held back the company’s sale of its onshore assets. Shell Plc said in June it would pause the disposal of local assets until the ...

Experts in renewable energy have lauded the Nigeria Energy Transition Plan, as they identified finance, knowledge gap and enabling business environment as major setbacks that must be overcome. They gave the commendation in Ibadan, Oyo State, on Friday, December 2, 2022, at the Techfine Partners Training organised by the Nexgen Energy, in collaboration with Techfine Ltd. The free training was ...

The Federal Government still owes nine oil-producing states N1.1 trillion despite receipt of N625.43billion as 13 per cent oil derivation, subsidy and SURE-P refunds from the Federation Account in the last two years, 2021-2022. The states that received the refunds, according to a statement by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, dating from ...

The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has announced the postponement of the first Nigeria International Humanitarian Summit earlier scheduled to hold from November 30th to December 2nd, 2022 at the State House Banquet Hall, Abuja. While expressing regret over inconveniences the postponement may have caused all the prospective participants, Dr. Nasir Sani-Gwarzo, Permanent Secretary, Federal ...

A Leading energy company and key stakeholder in the Niger Delta, Shell, has called on other players in the region to join in the efforts to provide relief materials for people impacted by the recent flood disaster and work together towards helping these victims restore their lives to normal. This is as Shell commenced distribution of relief materials to some ...

Heritage Energy Operational Services Limited (HEOSL), Operator of the OML 30 Joint Venture (JV) between NNPC E&P Limited (NEPL) and Shoreline Natural Resources Limited (SNRL), on behalf of the JV partners, has donated relief materials worth over N50million to 10 communities in its area of operation affected by the recent flood disaster, which has ravaged several communities in the delta ...

The Major Oil Marketers Association of Nigeria (MOMAN) has donated the sum of N50 million to support communities who are affected by floods in Nigeria. Adding that the flood Victims deserve more attention. Handing over a N50m cheque to the Nigerian Red Cross Society at a ceremony in Abuja, Mr Olumide Adeosun, MOMAN Chairman was represented by Mr. Clement Isong, ...

Energy transition creates huge opportunities in Nigeria as it supports economic and social development, job creation, improved health and education, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown has said. Mr. Brown said this during a panel session at the University of Dundee Alumni, Nigeria Chapter seminar held on Saturday in Lagos. The panel session which dwelt on ...

The Nigerian Government has said that it is pushing for $400 billion commitments from developed countries and partners on climate change to finance its Energy Transition Plan (ETP). The implementable negotiations continued on Tuesday, November 8, 2022, at Sharm El-Sheikh, Egypt, venue of the global conference on climate change otherwise known as COP27. Minister of Environment, Mohammed Abdullahi, disclosed this ...

GE Gas Power and Shell Global Solutions, a pioneer in liquefied natural gas (LNG) for more than 50 years, yesterday announced they have signed a development agreement to pursue potential pathways aiming to reduce the carbon intensity of Shell’s LNG supply projects around the world. With global LNG demand projected to almost double by 2040, decarbonisation is crucial in helping ...