Crude Oil price jumps following light inventory growth, the U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.3 million barrels last week, maintaining a total U.S. commercial crude inventory of 483.7 million barrels, the 13th consecutive week of a higher total than at any…
The implications as Shell acquires BG in India is that Shell gets an edge in India’s LNG market, in another development Shell confirms sale of 185 service station to independent dealers in the UK. According to a report by livemint.com online news media, Royal Dutch Shell Plc is set to become the top foreign firm…
Three crew members of Nigerian marine company kidnapped off the Nigeria coast, this was a press release by the company on the 13th of April 2015 in Paris via GLOBE NEWSWIRE, BOURBON confirms that a crew boat, the Surfer 1440, was boarded off the Nigerian coast in the night of the 8th of April 2015….
Shell Petroleum Development Company of Nigeria Limited (SPDC) paid to the Federal Government a total of $48bn (N9.46tn) in royalties and taxes from 2010 to 2014, Royal Dutch Shell Plc, the parent company of the SPDC, has said. The oil major, in its ‘Sustainability Report 2014’ released on Friday, said its share of royalties and…