Shell workers embark on protest over CBA
Workers of Shell Nigeria Exploration and Production Company Limited (SNEPCo) on Tuesday morning staged a protest along Broad Street in Lagos over issues relating to a Collective Bargaining Agreement (CBA).
Shell, Rivers government inaugurate multi-billion cassava company
By Udeme Akpan A leading energy company, Shell, Thursday, inaugurated a multi-billion-naira Rivers Cassava Processing Company Limited built in partnership with the Rivers State Government, Vieux Manioc BV of the Netherlands, and the Embassy of The Netherlands in Nigeria. According to Shell, it will support the economy and earning power of the Rivers State and […]
Missing oil: Shell remains mute as Aiteo alleges media attacks over $2.7bn case
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, […]
$1.1bn Malabu Scandal: Italian court acquits Shell, Eni managers
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 […]
Alleged $2.7bn oil theft case: Court refuses to unfreeze Shell’s 20 bank accounts
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 […]
Court blocks Shell’s accounts in 20 banks over alleged oil theft
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 […]
UK’s Supreme Court allows Niger Delta spill claims against Shell
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 […]
Oil giant Shell dives into $21.7 bn loss in 2020
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, […]
Dutch court rules Shell liable for Niger Delta oil spills
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 […]
Sabotage, oil theft, illegal refining major challenges in the Niger Delta – Shell
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 […]
Dutch court orders Shell to pay Nigerian farmers over oil spills (updated)
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 […]
UPDATED: Elumelu-led TNOG acquires 30% interest in SPDC’s OML 17 at $533m
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 […]
TNOG acquires 30% of Shell, 10% of Total, 5% of Eni in OML 17
Elumelu’s TNOG has acquired 30% of Shell, 10% of Total, 5% of Eni in OML 17, the company announced on Friday. The acquisition according to TheCable, includes all assets of the previous owners. TNOG Oil and Gas Limited will also have sole operatorship of the OML. Heirs Holdings and Transcorp are both chaired by Tony […]
Shell vs Wike: Finding a workable solution for OML 11 and Kidney Island
By Charles Matthew Almost 3,000 direct and indirect employees as well as contractors and sundry interested parties of Kidney Island received a delightful New Year present when news filtered out late on December 31st, 2020 that Governor Nyesom Ezenwo Wike of Rivers state the “new” owners of OML 11 had directed the unsealing of the […]
Shell fumes as Rivers govt takes over Kidney Island
By Davies Iheamnachor The Rivers State government has sealed and taken over the ownership of Kidney Island from Shell Petroleum Development Company, SPDC. This was as the government secured the enforcement of its interest in the acquisition of 45 per cent equity stake in Oil Mining Lease, OML, 11, and the Island in Port Harcourt. […]
‘We don’t have report of SPDC staff involved in oil theft’
By Prince Okafor The management of Shell Petroleum Development Company of Nigeria, SPDC, has disclosed that it does not have any formal report of its staff members or contractors involved in pipeline vandalism and crude oil theft. This is coming against the backdrop of a research conducted by Dutch Environmental Group, Milieudefensie, at Ikarama, a […]
