A destroyed refinery By Favour Ifeoluwa & Akinola Ajibade The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks. Also, the company said 63 illegal pipeline connections were uncovered during the the weeks . The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge. According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation. It further said that two large boats, which involve
Sawan
By Akinola Ajibade
Newly appointed Chief Executive Officer, Shell, Mr Wael Sawan, yesterday, unfolded plans to effect major changes in the multinational oil company.
He said the firm would combine its oil and gas production and liquefied natural gas (LNG) divisions, in line with plans to have broader institution under his control, adding that the development may lead to some job cuts
The new entity, which combines Shell’s most profitable operations, Sawan said,will be headed by current Upstream Director, Zoe Yujnovich, the company said in a statement made available to News Mirror.
Sawan took office on Jan. 1 after heading Shell’s integrated gas division, which included the group’s LNG and renewables businesses, with a vow to simplify and improve the company’s operations.
Under the internal restructuring, renewables operations will be combined with Shell’s oil refining and marketing operations led by current downstream director Huibert Vigeveno, the company said.
The overhaul will reduce the size of Shell’s executive committee to seven from nine members in an effort to “simplify the organisation further and improve performance”.
The changes could result in “relatively limited” job cuts across the company, a spokesperson said.
Shell last underwent a major overhaul in the wake of the coronavirus pandemic in 2020, in which then-CEO Ben van Beurden cut more than 10% of the company’s workforce as part of his push to steer the company towards energy transition.
“Fewer interfaces mean greater cooperation, discipline and speed, enabling us to focus on strengthening performance across the businesses and generating strong returns for our investors,” Sawan said in the statement.
The changes will take effect on July 1.
Shell’s strategy calls for cuts to its greenhouse gas emissions and the building of a large low-carbon business.
The company reports its 2022 full-year results on Thursday.
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