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SNEPCo paid N366 billion in revenue to FG in 2018


Nigeria’s foremost deep-water oil and gas company, Shell Nigeria Exploration and Production Company Limited (SNEPCo), paid N366 billion in 2018 as revenue to the federal government from its exploration activities, while it made another N2.1 billion as statutory payment to the Niger Delta Development Commission, SNEPCo’s Managing Director, Bayo Ojulari, has said.

Power: Shell targets 2,400MW electricity from new gas project

The ongoing Assa North/Ohaji South gas development project in Imo State, southeast Nigeria will produce 600 million standard cubic feet of gas per day, energy equivalent of about 2400 Megawatts which is enough to provide uninterrupted electricity to about 2.4 million homes, Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria, Osagie Okunbor said.

NIMASA in talks with Customs, Finance Ministry on special tariff for vessel acquisition


Amidst the high level of insecurities on Nigerian water ways, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has reiterated that the country’s Integrated Security and Waterways Protection Infrastructure known as Deep Blue Project would drastically reduce criminalities in the Gulf of Guinea.

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