Latest media releases

SPDC’s statement on interim freeze order on its bank accounts

Feb 19, 2021

A Federal High Court Sitting in Lagos granted an interimex parte order on 25th January 2021 freezing the bank accounts of some named Shell companies in Nigeria.

Shell Nigeria Gas seals 20-year gas distribution deal

Jan 17, 2021

Leading domestic gas distribution company, Shell Nigeria Gas (SNG), has signed a 20-year agreement for the domestic distribution of gas to industrial customers and manufacturing plants in Lagos and Ogun States.

SPDC completes sale of interest in Oil Mining Lease 17

Jan 15, 2021

The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas Limited, a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria Plc (Transcorp), for a consideration of $533m. A total of $453m was paid at completion with the balance to be paid over an agreed period.

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