Queue at the filing station The President, Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
Shell Nigeria has played crucial roles in the execution of oil and gas contracts in the last few years, the company has said.
In a statement issued by Shell Petroleum Development Company ( SPDC) and made available to the News Mirror at the weekend, the firm said the contracts were executed on land and deep waters.
It noted that indigenous contractors has deployed a technology for automated tank cleaning at bonny terminal of the company, ading that locally manufactured stud bolts, nuts and flanges as well as sand screens were used its well operations.
The statement, quoted the General Manager, Nigerian Content Development, Lanre Olawuyi, as saying that Shell Nigeria Exploration and Production Company Limited (SNEPCo) deployed a team of 33 companies out of which 87 percent of the firm's are not only owned by Nigeria, but were given the mandates to successfully deliver the Bonga Turn Around Maintenance in eight days ahead of schedule saving on downtime on Bonga.
“Nigerian content is a business enabler for Shell, so, it is in our interest to help build the capacity of Nigerian contractors, with a view to enable them to handle key contracts,” it added.
Represented at the just-concluded 8th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos by theCompany's Manager, NCD Capacity and Supplier Development, Kenechukwu Akubue.Olawuyi said that participation of local companies in the energy operation is significant to the growth of the industry.“
Shell is grateful for the support of stakeholders, including the NCDMB, our partners and contractors in efforts to promote Nigerian content and we hope to continue the collaboration to further grow this aspect of our business.” he added.
According to him, Shell has taken steps to support the target of increasing overall Nigerian content in the oil and gas industry from 20 percent in 2010 to 70 percent by 2070, through contract awards.
He noted Shell companies in Nigeria in 2020 warded contracts worth over $1.9bln to Nigeria registered companies, of which 61% of were indigenous companies with 51% or more Nigerian ownership.
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