Shell

UK’s Supreme Court allows Niger Delta spill claims against Shell

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 […]
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Nigeria’s oil production up by 225,000 bpd as SNEPCo completes Bonga FPSO vessel rehabilitation

Nigeria’s oil production up by 225,000 bpd as SNEPCo completes Bonga FPSO vessel rehabilitation

By Udeme Akpan Nigeria’s oil production, Monday, started to rise by additional 225,000 barrels per day, mb/d as Shell Nigeria Exploration and Production Company Limited (SNEPCo), operator of the Bonga field floating production, storage and offloading vessel (FPSO), completed the FPSO vessel maintenance. The FPSO vessel was shut on May 21, 2020, for rehabilitation, including […]

Shell cuts dividend for first time since 1940s as oil demand collapses

Shell cuts dividend for first time since 1940s as oil demand collapses

Royal Dutch Shell RDSa cuts its dividend for the first time in 80 years and suspended the next tranche of its share buyback programme following the collapse in global oil demand due to the coronavirus pandemic. Chief Executive Ben van Beurden said this in a statement issued on Thursday in London. “Given the continued deterioration […]