Fidelity Bank Boosts Nigeria’s Crude Oil Production, Funds Construction Of First Privately Built Onshore Oil Export Facility

LAGOS JUNE 18TH (NEWSRNAGERS)-In a significant boost to Nigeria’s crude oil production and export capabilities, leading financial institution Fidelity Bank Plc has facilitated the construction of the country’s first privately built and operated onshore crude export terminal in over 50 years. The terminal, located at the Otakikpo Marginal Field in Rivers State and operated by…

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Shell Sees Bright Future For Nigerian Companies In Offshore Developments

LAGOS MAY 22ND (NEWSRANGERS)-Shell Nigeria Exploration and Production Company Ltd (SNEPCo) says Nigerian companies have a lot to benefit if they are prepared to take advantage of more opportunities in its offshore and shallow water oil and gas projects. Speaking at the 5th Nigerian Oil and Gas Opportunity Fair (NOGOF) in Yenagoa, Bayelsa State, today,…

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Renaissance African Energy  Surpasses Target In First Month Of Operations

 LAGOS MAY 15TH (NEWSRANGERS)-In its first month of operating the former SPDC Joint Venture assets, Renaissance Africa Energy Company Limited has demonstrated immediate impact by surpassing production targets by 40 percent. This early success above set target by the JV signals a positive trajectory for Nigeria’s oil output growth and economic prosperity. The Nigerian National…

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Shell Hails Oloibiri Lecture Series As Platform For Driving  Change In Nigeria Oil Sector

LAGOS APRIL 15TH (NEWSRANGERS)-Shell Nigeria Exploration and Production Company Ltd (SNEPCo,) one of the sponsors of the Oloibiri Lecture Series and Energy Forum (OLEF) has commended it as a platform for driving change in Nigeria’s energy sector through the discussions that centre on business performance, cost discipline and process simplification. “This event is special to…

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Renaissance Africa Energy Completes 100% Acquisition Equity Holding In Shell

LAGOS MARCH 16TH (NEWSRANGERS)-Renaissance Africa Energy has completed the “acquisition of the entire (100%)” equity holding in Shell Petroleum Development Company of Nigeria (SPDC). This is according to a statement on Thursday by the spokesman of Renaissance Africa Energy Holdings Tony Okonedo who said the acquisition was completed on the same day. “This follows the…

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Infrastructure Key To Developing Nigeria’s Gas Resources – Shell

 LAGOS MARCH 6TH (NEWSRANGERS)-Shell has called for the development of infrastructure to promote the  growth of domestic gas and monetisation of the resource. “The infrastructure will support the delivery of gas from producers to consumers in an efficient way that is also transparent and cost effective,” Managing Director Shell Nigeria Gas (SNG) Ralph Gbobo said…

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Shell Exhibition Delivers Value As Energy Summit Ends In Abuja

 LAGOS MARCH 2ND (NEWSRANGERS)-Shell companies in Nigeria underlined their participation at the 8th Nigeria International Energy Summit (NIES) in Abuja with a high-profile exhibition that hosted dignitaries among them the Minister of State for Petroleum Resources (Oil) Senator Henieken Lokpobiri. The Minister was briefed on the range of Shell businesses in Nigeria and recent investments…

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Shell Pledges Support For Reforms In Nigeria’s Oil And Gas Industry

 LAGOS FEBRUARY 28TH (NEWSRANGERS)-Shell has pledged support for the recent reforms in the oil and gas industry in Nigeria, describing them as a good way to reposition the sector for growth and profitability. “We welcome the reforms by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) which have already improved crude oil production to about 1.75…

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