A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
By Udeme Akpan & Sebastine Obasi THERE are indications that the dispute between Aiteo Group, and Shell Petroleum Development Company, SPDC, has exacerbated as the former, weekend, accused the International Oil Company, IOC, of allegedly planning a media campaign against it, and its Executive Vice Chairman, Mr. Benedict Peters. In a statement obtained by Vanguard,
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An Italian court has declared Shell, Eni and their managers all acquitted in the controversial Malabu scandal. They were all acquitted by the court yesterday. The Malabu scandal involved the transfer of about $1.1 billion by Shell and ENI through the Nigerian government to accounts controlled by a former Nigerian petroleum minister, Dan Etete. From
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By Innocent Anaba A Federal High Court sitting in Lagos, yesterday, refused to vacate the interim Mareva injunction it made directing 20 commercial banks to block Shell Petroleum Development Company of Nigeria, SPDC,) and its subsidiaries’ bank accounts. Trial judge, Justice Oluremi Oguntoyinbo, in her ruling, also summoned three of the banks’ secretaries and chief
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By Innocent Anaba A Federal High Court sitting in Lagos has granted an interim Mareva injunction directing 20 commercial banks in the country to block Shell Petroleum Development Company of Nigeria Ltd, SPDC, accounts in a bid to recover the cash value of more than 16 million barrels of crude oil allegedly diverted by the
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Britain’s Supreme Court ruled on Friday that more than 40,000 people in the Niger Delta region can make pollution claims against Anglo-Dutch energy giant, Shell, in English courts. The ruling overturned a 2017 decision against the Ogale and Bille communities, who brought legal claims for clean-up and compensation following decades of repeated spills in the
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Royal Dutch Shell dived into a net loss of $21.7 billion in 2020, the oil giant announced Thursday, as the coronavirus pandemic slashed global energy demand. The Anglo-Dutch group’s net loss compared with a net profit of $15.8 billion in 2019, the company said in a statement. Shell’s result is similar to British rival BP,
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An appeals court in the Netherlands on Friday ordered Royal Dutch Shell to pay compensation to Nigerian farmers over oil pollution in the Niger Delta. The court delivered its judgment at the end of a long-running civil case. The farmers were seeking financial compensation and a clean-up by Shell for pollution caused by pipelines leaking
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As Dutch Court rules firm is responsible for leaks in the region By Udeme Akpan, Energy Editor Shell Petroleum Development Company Limited, an International Oil Company, IOC, has insisted that most oil spill incidents in the Niger Delta are caused by Sabotage, oil theft, and illegal refining. Reacting to the latest ruling
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A Dutch court on Friday ordered oil giant Shell to pay compensation in a case brought by four Nigerian farmers who alleged widespread pollution on their land. After 13 years of legal wrangling, an appeals court in The Hague ruled that Shell’s Nigerian branch must pay for damage caused by oil spills. It also held
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By Udeme Akpan, Energy Editor THE Tony Elumelu-led TNOG has acquired a 30 per cent interest in The Shell Petroleum Development Company of Nigeria Limited (SPDC), Oil Mining Lease (OML), 17 at the cost of $533 million, in the Eastern Niger Delta. In a statement obtained by Vanguard, SPDC, which confirmed that TNOG, has already
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