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🇳🇬 Shell Approves $2 Billion Offshore Gas Project in Nigeria — A Major Boost for the Nation’s Energy Future

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Global energy giant Shell Petroleum Development Company (SPDC) , in collaboration with Sunlink Energies , has officially approved the development of a new $2 billion offshore gas project in Nigeria. This project, named the HI Gas Field Development , is a landmark step in reviving Nigeria’s oil and gas fortunes and a strong signal of renewed investor confidence in Africa’s largest energy producer. 🔹 A Bold Step in the Offshore Frontier The HI gas field, located in Oil Mining Lease (OML 144) roughly 50 kilometers offshore the Niger Delta coast, is expected to produce about 350 million standard cubic feet of gas per day at peak capacity. Shell holds a 40% stake in the project, while its partner Sunlink Energies retains 60% . The gas will be supplied primarily to Nigeria LNG (NLNG) and other domestic offtakers, helping to meet Nigeria’s rising energy demand. According to project details released by Shell on Monday, the development will include a combination of subsea wells , of...
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Nigerian Attorney-General, Malami Appears Before House Of Reps Committee Over $2.4billion Oil Probe

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 The Attorney-General of the Federation and Minister of Justice (AGF), Abubakar Malami, on Thursday, appeared before the House of Representatives ad-hoc committee investigating the alleged loss of over $2.4billion in unremitted oil revenue.

The lawmakers are investigating revenue from the reported illegal sale of 48 million barrels of crude oil export from 2014 till date.

The chairman of the House Committee, Mark Gbillah, on Thursday announced that Malami would face the lawmakers on April 27, saying that the committee obtained reports that the AGF received funds from outside Nigeria through the whistleblower policy but did not remit the funds to the federation account.

According to Gbillah, the Minister of Finance, Budget and National Planning, Zainab Ahmed, also approved payments to whistleblowers which were not in accordance with the policy.

However, Channels TV reports that appearing before the House Committee, Malami said that disclosing the details of the whistleblowers as requested by the lawmakers violates confidentiality.

On the details of accounts into which recoveries were paid, Malami said that the Central Bank of Nigeria (CBN) maintained the accounts, not his office, adding that his office is not a signatory nor does it manage the accounts.

Malami said that over $650 million have been recovered so far from different sources including late Head of State, General Sani Abacha; former Bayelsa State Governor, Diepreye Alamiesiegha and former Delta State Governor, James Ibori.

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