Shell

FG launches $1.1bn lawsuit against Shell, Eni

The Nigerian government is taking oil giants Shell and Eni to court in London, requesting the return of $1.1 billion (969 million euros) as part of a case of alleged corruption dating back to 2011, Bloomberg reported on Thursday.
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Shell to build gas line in Abia

Shell Gas Nigeria Limited on Tuesday said that plans were underway to construct a gas line around key industrial areas in Abia.

Oloma community urges Shell to comply with court order

To avert fresh crisis in the Niger Delta region, Shell  Petroleum Development Company, SPDC, has been urged  to comply with a court order by Justice George  Omereji of a Rivers State High Court against it, delivered  on March 10, 2011.

Reps to SPDC: Relocate Western HQ to Warri

THE House of Representatives, yesterday, directed Shell Petroleum Development Company, SPDC, to relocate its western operational headquarters to Warri in Delta State with immediate effect.

Bonga oil spill: Court upholds $3.6bn fine against Shell

A Federal High Court sitting in Lagos, yesterday,  dismissed the suit by Shell Nigeria Exploration and Production Company Limited,  challenging the imposing of $3.6billion fine on it by the Federal Government.

Malabu scandal: Trial of 9 Shell, Eni executives starts June 20

The trial of nine current and former executives or contractors from Italy’s Eni and British-Dutch giant, Royal Dutch Shell, including ENI Chief Executive Claudio Descalzi, over a $1.3 billion oil deal in Nigeria, will begin in Milan, Italy, on June 20.

Shell supports indigenous contractors with N472bn loans

INDICATIONS emerged yesterday that the development of local content had been boosted in the nation’s oil and gas industry following the provision of loans worth N472 billion by Shell Petroleum Development Company of Nigeria, SPDC, to indigenous contractors.
The loans were provided under the Shell Contractor Support Fund, set up by Shell companies in Nigeria to help vendors and suppliers in the oil and gas industry secure funds at reduced interest rates, relaxed collateral requirements and quicker processing time.
Also, Shell companies in Nigeria awarded contracts worth over N230 billion to Nigerian contractors in 2017, representing 94 per cent of the total contracts that year.

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