Shell picks gas veteran Sawan as CEO to lead transition
Shell has turned to the head of its gas and renewables business to drive its transition to a lower-carbon future, picking Wael Sawan to replace Ben van Beurden as chief …
PDP petitions APCON over LASAA’s unfair treatment, seeks interpretation of Sections 95(3) and (5) of Electoral Act 2022
As the 2023 general elections draw near and full-blown campaigns around the corner, the Lagos chapter of the People’s Democratic Party (PDP) has petitioned the Advertising Practitioners Council of Nigeria …
FG Inaugurates Governing Board For Gas Infrastructure Fund
Inaugurating the nine-member Governing Council of the Midstream and Downstream Gas Infrastructure Fund (MDGIF), Minister of State for Petroleum Resources, Chief Timipre Sylva, said more than $20 billion is required …
EXCLUSIVE Shell places U.S. Gulf of Mexico assets up for sale -sources
Shell (SHEL.L) is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments which could raise as much as $1.5 billion for the energy …
Banks take over DisCos
New boards for Kaduna, Kano, Benin distribution companies AMCON takes charge of IBEDC Four electricity Distribution Companies (DisCos) are to be managed by new boards following their takeover by banks …
African Development Fund Approves $11 Million Grant to the African Continental Free Trade Area Secretariat
ABIDJAN, Ivory Coast, July 15, 2022/APO Group/ — The Board of Directors of the African Development Fund approved an $11.02 million support package to the Permanent Secretariat of the African …
Allen & Overy advises on the USD9.5 billion transaction for new terminal one at JFK Airport, the largest single-asset project financing in U.S. history
Allen & Overy (A&O) advised Carlyle, JLC Infrastructure, Ullico and Ferrovial (the consortium) on the USD9.5 billion transaction for developing, constructing and operating the new terminal one at John F. …
Shell pauses sale of Nigerian onshore oil assets
Shell said on Thursday it had suspended plans to sell its onshore oil assets in Nigeria, complying with a Supreme Court ruling that said it had to wait for the …
FG Hands Over 57 Oil Fields To Matrix, Ardova, Others
Fifty-seven oil fields located onshore and swamps of the Niger Delta were yesterday handed over to local oil companies by the Federal Government, with a charge on them to quickly …
FG Rakes In Over N202bn Despite 13 Marginal Fields Being Dormant
Despite shortfalls in meeting targets on crude oil production for internal and external use, a total of N202.91 billion was earned by the Nigerian government in the just concluded 2020 …