Speaking at the second edition of the Nigerian Oil and Gas Opportunity Fair organized by the Nigerian Content Development and Monitoring Board in Yenagoa, Bayelsa State, Shell’s Managing Director, Mr. Osagie Okunbor, said the company was keen at expanding local content in the oil and gas sector.
A cocktail of policies and the active support of Government and its agencies like NCDMB have made these investments possible. The industry continues to witness improve cycle times with NCDMB. He said on completion, the project is expected to generate circa 1200MW to power circa 1.2m homes by supplying gas into the domestic gas market.
He mentioned other projects as the construction of over 200 wells; 1000 km of flowlines and bulk lines; subsea umbilicals, risers and flowlines ; jackets, platforms, hull and manifolds.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shell Plans $15bn Investments in Nigeria, Targets 70% Local Content - THISDAYLIVE• To power over 1.2 million homes with Ohaji gas project By Emmanuel Addeh in Yenagoa The Shell Petroleum Development Company (SPDC) yesterday said that it would be expending about $15 billion across 24 oil and gas projects in Nigeria in the next five years. Speaking at 2nd Nigeria Oil and Gas Opportunity Fair (NOGOF), …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Shell pays Fed Govt, agencies $6.397b - The Nation NigeriaOver $6.397 billion was paid to the Federal Government and its agencies in 2018 by Shell exploration and production companies in Nigeria,
Source: TheNationNews - 🏆 6. / 69 Read more »
Shell pays $6.4bn as production entitlement, tax to govt, NNPC, others - Vanguard News NigeriaShell Petroleum Development Company of Nigeria Limited (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo), have paid Nigerian National Petroleum Corporation, NNPC, Federal Inland Revenue Service, FIRS, Department of Petroleum Resources and others $6.397 billion as production entitlement and tax in 2018. vanguardngr Where is the money? vanguardngr Change is the only thing that is constant in life...Multi-National Companies have woken up.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Shell paid Nigeria $6.3bn in 2018, highest in the world – Daily TrustRoyal Dutch Shell, Nigeria’s largest foreign investor paid the Nigerian government $6,397,325,844 as oil production entitlement, taxes, royalties and fees arising from the company’s activities involving oil and gas exploration, development and extraction in the year 2018. The Anglo-Dutch company disclosed this in its annual sustainability report published, yesterday, explaining that $3,776,418,858 was paid as … And how much did Shell take home in the same period under review, please? Where is the money? Government just use it as they like, borrow to add and Nigeria remains poverty capital of the world. Where the money?
Source: Daily Trust - 🏆 13. / 51 Read more »
Senate wants shell to pay Niger Delta host communities N6.9bn - Vanguard News NigeriaOIL Producing communities in the Niger Delta region yesterday cried out for the refusal of the Shell Petroleum Development Company, SPDC to comply with the resolutions of the Senate, following a petition received on the non-payment of accumulated rentals and expired leases.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Shell leads IOCs in Local Content- NCDMB - Vanguard NewsThe Nigerian Content Development and Monitoring Board (NCDMB) on Sunday recognized Shell as the most impactful International Oil Corporation (IOC) on Local Content Initiatives in the Nigerian Oil and Gas industry.
Source: vanguardngrnews - 🏆 5. / 75 Read more »