Oil and gas company, Shell has reported record annual profits after energy prices surged last year following Russia’s invasion of Ukraine. Profits hit $39.9bn (£32.2bn) in 2022, double the previous year’s total and the highest in its 115-year history. Energy firms have seen record earnings since oil and gas prices jumped following the invasion of
The Shell Petroleum Development Company of Nigeria Limited (SPDC) said that, the Forcados Oil Terminal will resume export operations by the end of the month when ongoing essential repairs would have been completed.“In addition to the repairs, we are working to remove and clamp theft points on the onshore pipelines to ensure full crude oil
British energy giant, Shell has reported a profit of $11.5 billion for the second quarter, beating expectations, lifted by strong refining profits and energy prices. Shell also announced a $6 billion share buyback scheme after posting its best profit for a second consecutive quarter as high energy prices and refining margins generated bumper earnings for
Shell, the leading oil Exploration Company, have won the most coveted Best Exhibitor and eight other awards at the 2019 Nigeria annual international conference and exhibition of the Society of Petroleum Engineers, which was held recently in Lagos. In addition to this, the company also won the Excellence Award, the highest industry recognition, at the
Oil and gas giant Royal Dutch Shell Plc, Plans investing $2 billion in Kano Electricity Distribution Company (KEDCO) in the next three years. According to the Managing Director of Kano Electricity Distribution Company (KEDCO), Jamil Isyaku Gwamna, he said that, the company’s plan to improve and expand the distribution segment of the power value chain
United Bank for Africa Plc has signed a $200 million contract with leading oil Exploration Company, Shell, which will see the bank to provide credit facilities to the oil company’s local vendors and suppliers. Bashir Bello, General Manager, Government and Business Relations, Shell described the partnership as a good development for Shell’s Nigerian suppliers. Bello
Royal Dutch Shell said on Wednesday it has begun output at its Prelude Floating Liquefied Natural Gas (FLNG) facility in Australia, the world’s largest floating production structure. It is also the last of a wave of eight LNG projects built in the country over the last decade. The project started up later and cost more
Vivo Energy Ghana, the company that distributes and markets Shell-branded fuels and lubricants, has inaugurated an ultra-modern Shell service station at Westlands in the West Legon locality, to offer employment opportunities for youth within the community and convenience for customers. The Westlands service station which has the warm and modern shop brand, ‘welcome’, state-of-the art
The Shell Petroleum Development Company of Nigeria Ltd joint venture has started production at Gbaran-Ubie Phase 2, a key project in Nigeria’s Niger Delta region. Phase 2 follows the success of the first phase of the Gbaran-Ubie integrated oil and gas development, which was commissioned in June 2010. Peak production of around 175,000 barrels of
A 25-year-old Ghanaian, Famous Boateng has been crowned as 2016 Regional and Global Forecourt Service Champion at the Shell Global Smiling Stars Programme in the New York, USA. Prior to this recognition, he was adjudged as the 2016 Best Service Champion for Ghana. These awards make Famous Boateng the first Ghanaian, first African and the
