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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...

Tinubu Jets Out Of Nigeria Weeks After Returning From Europe


 The President-elect, Bola Tinubu on Wednesday afternoon left Nigeria for Europe, two weeks after returning from a three-country visit that included London, Saudi Arabia, and Paris.

The trip is part of Tinubu’s efforts to refine transition plans and programs, as well as discuss policy options with key aides.

According to a statement from the Office of the President-elect, signed by Tunde Rahman, the trip allows Tinubu to carry out tasks without unnecessary pressure and distractions.

During his visit, Tinubu will engage with investors and key allies to market investment opportunities in Nigeria and showcase his administration’s commitment to fostering a business-friendly environment through policies and regulations.

Meetings with multi-sectoral actors in Europe’s business community, including manufacturing, agriculture, tech, and energy, have been scheduled.

Tinubu hopes to convince them of Nigeria’s readiness for business under his leadership, focusing on job creation and skills acquisition.

Reviving the country’s economy is a major part of Tinubu’s Renewed Hope agenda, and the meetings aim to re-establish Nigeria’s importance in the global economic chain and create opportunities for the country’s youth population.

The statement reads, “He will use the opportunity of the trip to finetune the transition plans and programmes, and his policy options with some of his key aides without unnecessary pressures and distractions.

“During the visit, the President-elect will engage with investors and other key allies with the goal of marketing investment opportunities in the country and his administration’s readiness to enable a business-friendly climate through policies and regulations.

“Asíwájú Tinubu hopes to convince them of Nigeria’s readiness to do business under his leadership through mutually-beneficial partnerships premised on jobs creation and skills acquisition.

“Reviving the country’s economy forms a major plank of Tinubu’s Renewed Hope agenda and the meeting is part of his efforts to re-establish Nigeria’s importance in the global economic chain and create empowering opportunities for the country’s huge youth population.

“The President-elect has hitherto promised to hit the ground running and the visit is reflective of his commitment to the promise as he has already begun talks with global actors in the important areas of the economy and security.

“Before he left the country, Asíwájú Tinubu met with the House of Representatives candidates for Speaker and Deputy Speaker endorsed by his party, the All Progressives Congress, Hon. Tajudeen Abbas and Hon. Benjamin Kalu, who were presented to him by the Joint Task Team of the House.

“He is scheduled to return shortly for preparations towards his official swearing-in as the 16th President of the country on May 29, 2023.”

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