Shell: Deep water Projects Need to Break Even at $40 a Barrel

Despite oil price rising above $75 per barrel, oil major, Royal Dutch Shell wants its deepwater projects at not more than $40 per barrel or below. Deepwater projects need to break even at $40 a barrel or preferably lower, said Harry Brekelmans, Shell’s project, and technology director, in an interview with Bloomberg TV. On Monday, […]

Bid by Shell to renew OML 11 stirs tension in Ogoni.

An atmosphere of unrest is looming over Ogoni land, following the renewal request by Shell Petroleum Development Company for Oil Mining Leases (OML11).Already, the Movement for the Survival of the Ogoni People (MOSOP) and Ken Saro-Wiwa Associates (KSWA) have intensified mobilisation of the people for a possible showdown with authorities over the development, coming when […]

Shell Foresees LNG Supply Shortage by Mid-2020s

The Royal Dutch Shell says the world could face a shortage of liquefied natural gas, LNG, within a decade due to underinvestment in new projects. Shell, in its recently-released LNG Outlook 2018, said the demand for LNG is growing faster than expected, forecasting a supply shortage by the mid-2020s. The global liquefied natural gas (LNG) […]

Tension as stakeholders disagree on resumption of oil exploration in Ogoni Land.

Twenty-five years after oil exploration activities were stopped in Ogoni land following environmental issues that led to the intense crisis by the locals against the Shell Petroleum Development Company, SPDC, and the federal military government of that time, a fresh crisis is looming in Ogoni over the planned resumption of oil activities in the area. […]

First Maritime Engineering Center of excellence takes off.

The Centre of Excellence (CoE) in Marine Engineering and OffshoreTechnology established by the Shell Petroleum Development Company of Nigeria Ltd (SPDC)-operated joint venture at the Rivers State University (RSU) is set to open its doors to the pioneer students who are currently being screened in an elaborate admission process, according to a Shell statement. More […]

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