Niger Delta: Shell Nigeria To Invest In Gas Project

Hamilton Nwosa
Writer

Ad

Global CEOs, Top Diplomats, Ministers, Governors, Industry leaders gather in New York to unlock the Gulf of Guinea’s over $800 billion Energy, Oil & Gas, Minerals, Maritime Opportunities

By Abiola Olawale Following the official opening of the 80th Session of the United Nations General Assembly (UNGA80), New York, USA, high-level delegations from over a dozen countries, including global CEOs, top diplomats, ministers, governors, industry leaders will gather in New York to unlock the Gulf of Guinea’s over $800 billion Energy, Oil & Gas,…

Charted: Populations of China, India, U.S., and Europe (1950–2100)

Key Takeaways India is projected to remain the world’s most populous country through 2100, stabilizing around 1.5 billion people. China’s population is expected to fall by more than half, from 1.4 billion to 0.6 billion. Europe’s population will decline steadily, while the U.S. population grows gradually to 420 million. As global demographics continue to shift,…

Elon Musk drops to second place as AI boom powers Oracle’s Larry Ellison to world’s richest status

By Obinna Uballa Elon Musk has lost his long-held crown as the world’s richest person to Oracle co-founder Larry Ellison, following a record-breaking surge in Ellison’s net worth. According to Bloomberg’s Billionaire Index, Ellison’s fortune jumped by an unprecedented $101 billion on Tuesday night to reach $393 billion, surpassing Musk’s $385 billion. The windfall came…

Ad

The managing director of Shell Petroleum Development Company of Nigeria (SPDC), Osagie Okunbor, yesterday disclosed that the Company is taking into consideration plans to investing in a gas project in Nigeria’s southern Niger Delta energy hub.

Nigeria has the world’s ninth largest proven gas reserves, at 187 trillion cubic feet (tcf).

Okunbor said Shell was “on the verge of making a final investment decision” on a project in the city of Asa that would have a capacity of 300 million cubic feet.

He declined to specify the sum of money being considered as a possible investment.
Okunbor, however, told journalists that Shell was putting more emphasis on gas and reducing the oil portion of its footprint in Nigeria, although he added that the company was “still a significant player in onshore oil.”

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp