Live Breaking News & Updates on ஷெல் பெட்ரோலியம் வளர்ச்சி நிறுவனம் ஆஃப் நைஜீரியா லிமிடெட்

Stay updated with breaking news from ஷெல் பெட்ரோலியம் வளர்ச்சி நிறுவனம் ஆஃப் நைஜீரியா லிமிடெட். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Oil, Gas, And Fracking News Reads: 18July 2021

This is a feature at
Global Economic Intersection every Monday evening or Tueday morning.
Please share this article - Go to very top of page, right hand side, for social media buttons.
MPCA investigating Enbridge Line 3 nontoxic spill - - The Minnesota Pollution Control Agency is investigating a drilling fluid spill that occurred on the Willow River in Aitkin County at one of Enbridge s construction sites for its new Line 3 oil pipeline. Drilling was halted after the nontoxic spill was discovered early July 6 and containment and cleanup activities were started, MPCA spokeswoman Cori Rude-Young said Monday. The MPCA has been in regular communication with the on-site, independent environmental monitors and Enbridge Energy, and we have inspected the site cleanup, she said. The new pipeline will replace the Enbridge s current Line 3, which is deteriorating with age and can now only carry about half of its capacity. It is more than 60% completed. The site where the s ....

United States , New York , San Juan Basin , New Mexico , Rocky Mountain , Andhra Pradesh , Lea County , Willow River , Niger Delta , Nigeria General , United Arab Emirates , Gulf Of Alaska , Rankin Inlet , Saudi Arabia , United Kingdom , France General , British Columbia , Northwest Passage , Inside Passage , Canada General , South Korea , Straits Of Melaka , Valles Caldera National Preserve , White Earth , Republic Of , Ar Riya ,

Oil price, Predator, San Leon. And finally…

Oil price, Predator, San Leon. And finally…
Predator has announced results for 2020,highlights as follows. Loss from operations of £1,689,521 (2019: Loss of £1,279,243), cash balance at period end of 2020 £1,325,75 (2019: £109,716) with restricted cash of USD1,500,000 (USD1,500,000 for the period ended 31 December 2019).
WTI $66.85 +64c, Brent $69.46 +59c, Diff -$2.61 -5c, NG $2.96 -2c, UKNG (July) 60.51p -3.49p
Oil price
Another up day yesterday and with it up a few pennies this morning it looks like the week, and incidentally likely the month, will be around 3 1/2 bucks higher with the US leading the way. Further good economic data from over the pond includes the recent GDP news with the quarterly 1.6% growth and fall in jobless numbers both indicating that the economy may be running hot after all. ....

New York , United States , Trinidad And Tobago , Indianapolis Motor Speedway , Taza Al Hoceima Taounate , Paul Griffiths , Mauricio Pochettino , Predator Oil Gas , Oza Oil Field , Optiva Securities Ltd , Risk Service Agreement , Champions League , Shell Petroleum Development Company Of Nigeria Ltd , Novum Securities Ltd , Energy Transition , Gas Company Limited Millenium , Millenium Oil , Memorial Day , New York State , Arato Convertible Loan Note , Loan Note , Arato Convertible Loan Notes , Warrant Instrument , Arato Global Opportunities , Convertible Loan Note , Ordinary Shares ,

Fossil fuels divestment may halt $150b oil, gas projects

• Osinbajo canvasses equitable global energy transition for developing countries
• Stakeholders raise fresh concerns over continuous dependence on hydrocarbon
• Removal of subsidy, refinery rehabilitation, gas economy sacrosanct, minister insists
Mounting global advocacy aimed at halting all-new Final Investment Decisions (FIDs) for fossil fuels, especially oil and gas may create serious hurdles for new fields development as over $150 billion worth of projects risk getting stranded in Nigeria.
x
Investments in new fossil fuel projects will need to stop immediately if the world is to limit global warming to 1.5 °C, the International Energy Agency (IEA) has said in what commentators have described as a stunning challenge by the historically pro-fossil fuel body. ....

France General , Niger Delta , Nigeria General , United States , Saudi Arabia , Abuja Federal Capital Territory , Bayelsa State , Timipre Sylva , Madaki Ameh , Exxonmobil Bosi , Adeola Adenikinju , Yemi Osinbajo , Wunmi Iledare , Fatih Birol , Yinka Omorogbe , Nnimmo Bassey , Bonga South West , International Oil Companies Iocs , Nigerian Association For Energy Economists , Petroleum Resources , European Union , Shell Petroleum Development Company Of Nigeria Ltd , Petroleum Industry Bill , National Assembly , Department Of Petroleum , Federation Accounts Allocation Committee ,

Tony Elumelu: UBA didn't fund OML 17 acquisition

Advertisement
In January, Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, announced the unconditional
The acquisition included all assets of the previous owners Shell Petroleum Development Company of Nigeria Ltd (SPDC) (30 per cent), Total E&P Nigeria Ltd (10 per cent) and ENI (five per cent) in the lease.
Elumelu serves as chairman of UBA, Transcorp and Heirs Holdings.
Advertisement
In an interview on Arise TV on Wednesday, Elumelu said UBA did not participate in the acquisition of OML 17.
He said the fund was obtained from other international and local lenders including African Export-Import Bank (Afreximbank), Absa in South Africa, Fidelity Bank and Union Bank. ....

South Africa , City Of , United Kingdom , Tony Elumelu , Fidelity Bank , Tony Elumelu Foundation , Bank Afreximbank , Ep Nigeria Ltd , Transnational Corporation Of Nigeria Plc , Shell Petroleum Development Company Of Nigeria Ltd , Standard Chartered Bank London , United Bank , Union Bank , Heirs Holdings , Transnational Corporation , Nigeria Plc , Gas Limited , Shell Petroleum Development Company , Nigeria Ltd , Totalep Nigeria Ltd , African Export Import Bank , Standard Chartered Bank , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , நம்பகத்தன்மை வங்கி , எப் நைஜீரியா லிமிடெட் ,

UK Supreme Court Allows Nigerian Environmental Damage Claims to Proceed Against UK Parent Company | McGuireWoods LLP

The UK Supreme Court issued its highly anticipated judgment in Okpabi and others v Royal Dutch Shell Plc and another [2021] UKSC 3 on 12 February 2021, following its findings in Vedanta. ....

Niger Delta , Nigeria General , United Kingdom , Supreme Court , Royal Dutch Shell Plc , Shell Petroleum Development Company Of Nigeria Ltd , Caparo Industries , United Kingdom Supreme Court , High Court , Royal Dutch Shell Plcand , Vedanta Resources , Shell Petroleum Development Company , Nigeria Ltd , நைஜர் டெல்டா , நைஜீரியா ஜநரல் , ஒன்றுபட்டது கிஂக்டம் , உச்ச நீதிமன்றம் , அரச டச்சு ஷெல் ப்ல் , ஷெல் பெட்ரோலியம் வளர்ச்சி நிறுவனம் ஆஃப் நைஜீரியா லிமிடெட் , காபரே தொழில்கள் , ஒன்றுபட்டது கிஂக்டம் உச்ச நீதிமன்றம் , உயர் நீதிமன்றம் , வேதாந்தா வளங்கள் , ஷெல் பெட்ரோலியம் வளர்ச்சி நிறுவனம் , நைஜீரியா லிமிடெட் ,