Business
No Project ’ll Be Abandoned In Nigeria – Shell

General Manager, Rivers State Newspaper Corporation, Mr. Celestine Ogolo (right), explaining to the Permanent Secretary, Ministry of Information and Communications, Mr. Sam Woka (left), Director of Publication at the Ministry, Mr. Paulinus Nsirim (middle), during the familiarisation visit to the corporation by the Permanent Secretary recently.
Photo: Chris Monyanaga
The Shell Petroleum Development Company (SPDC) says it is determined to complete its projects in Nigeria without fear of abandonement, in spite of challenges in its operations.
The Managing Director, SPDC and Country Chair, Shell Companies in Nigeria, Mr Osagie Okunbor, said this at a panel session of oil majors at the 15th Nigeria Oil and Gas Forum in Abuja, recently.
The company had in January announced that it would cut global investment spending by 15 billion dollars over the next three years following the collapse in oil prices, causing fears about its projects in Nigeria.
Okunbor, however, said the company was committed to long term projects in Nigeria with improved fiscal terms and better security.
He said the company was keen to see its projects in Nigeria completed in spite of the twin challenges of oil price decline and the very tough fiscal conditions it faced in Nigeria.
Other oil majors at the session expressed their companies’ commitment to community social responsibilities in their areas of operation.
Others in the session were the Managing Director, ExxonMobil Upstream Nigeria, Nolan O’Neal; Managing Director, Total Upstream Nigeria, Mrs Elizabeth Proust; Senior Vice President and Managing Director, Addax Petroleum Nigeria, Mr Cornelis Zegelaar.
Earlier, the Vice President, Nigeria and Shell Upstream International, Mr Markus Droll, said the company’s projects were intact.
He said the current divestment was primarily aimed at refocusing its portfolio in Nigeria.
Droll said taking a Final Investment Decision (FID) on the world-class Bonga South West Aparo project was one of the deep water investment projects it was currently working on.
“There are ongoing drilling projects on the Bonga Floating Production and Storage Offload (FPSO) such as the Bonga North West tie back which produced first oil in August 2014 ahead of plan and below the agreed budget.
“These projects are intended to generate returns for the nation and all stakeholders,” he said.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports4 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports4 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports4 days ago
NPFL club name Iorfa new GM
-
Sports4 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports4 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports4 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports4 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension