Shell will retain legal liability and moral responsibility for the clean-up of historic pollution in the Niger Delta if the buyer of its Nigerian subsidy SPDC cannot pay, warn impacted community members and international supporters as investors meet for the Shell plc Annual General Meeting (AGM). These liabilities, from 70 years of oil exploration and […]
BY MOTOLANI OSENI Shell has outlined plans to reduce its annual spending to $20 billion from $22 billion over the next three years. Shell has equally announced plans to ramp up cost savings and reduce spending while aiming to deliver more value with lower emissions, in spite of having weakened its carbon reduction pledge in […]
Shell Companies in Nigeria have reaffirmed their commitment to reshaping the nation’s energy landscape, with major projects, including the $5 billion Bonga North deep-water development, poised to unlock vast economic and industrial benefits. Speaking after Shell Nigeria’s recognition as the Best Upstream Company 2024 at the Nigerian International Energy Summit (NIES), Chairman of Shell Companies […]
Africa’s richest man, Aliko Dangote has signed an investment decision with Shell Plc to build a gas supply facility in Nigeria to feed the Dangote Fertiliser and Petrochemical plant. The $2.5 billion plant, Africa’s largest urea complex with a 3-million-tonne output per year, accounts for 65% of Nigeria’s fertiliser needs and can supply all the […]
A pipeline owned by Shell’s subsidiary in Nigeria has spilled crude oil in the Niger Delta following a leak,. The Obolo-Ogale pipeline in southern Rivers State feeds the 180,000 barrel-per-day Trans Niger line, one of two conduits to export Bonny Light crude. It had restarted operations this month after being shut for maintenance in December. […]
Shell Plc has reached an agreement to sell its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group for over $1.3 billion, pending approval by the Federal Government. The transaction, Shell said […]
By Doosuur Iwambe Civil society organisations (CSOs) in Nigeria have asked the federal government to compel Shell to clean up the massive pollution its extractive activities have created in the Niger Delta. The CSOs cautioned that Shell’s plan to move offshore is only targeted at evading the scrutiny that its onshore activities have attracted. The […]
A Federal High Court sitting in Ikoyi, Lagos has fixed Tuesday next week to decide on three applications before it relating to its interim order directing 20 commercial banks to block. The need to support local talents and the outstanding performance of Nigerians, especially gifted children in gymnastics has again become imperative, as we x-ray […]
By Andrew Orolua The Supreme Court on Friday dismissed a request by Shell Petroleum Development Company of Nigeria Limited for a review and to set aside a N17bn judgment debt awarded against it last year over the oil spillage suffered by the people of Ejama-Ebubu in Tai Eleme Local Government Area of Rivers State. The […]
By Stephen Gbadamosi Oyo State government and Shell Nigeria Gas (SNG) have signed a Memorandum of Understanding (MoU), which will see the company extend its gas pipeline infrastructure to the state. Speaking shortly after signing the MoU, Governor Seyi Makinde stated that the partnership was an indication that the policies and programmes put in place […]
On Thursday, angry youths from the Agbidiama Community in the Ekeremor Local Government Area of the State of Bayelsa staged a protest and shut down the Clough Creek flow station owned by Nigeria’s Shell Petroleum Production Company (SPDC). As gathered by Daily Times, they accused the SPDC of failing to provide jobs and empowerment schemes, […]
The Managing Director, Shell Nigeria Gas Ltd. (SNG), Mr Ed Ubong said on Wednesday that the COVID-19 pandemic had negatively impacted its business in the country. “COVID-19 has also impacted Shell businesses in Nigeria, Shell Nigeria Gas Limited included. We are not too big to also be negatively impacted. This pandemic is unprecedented,’’ Ubong said. […]
Nigeria’s former minister of petroleum resources, Dan Etete is facing a possible 10-year jail sentence after Italian prosecutors pushed for his incarceration. Daily Times gathered that the prosecutors are also requesting an eight-year sentence for Claudio Descalzi, Eni chief executive. READ ALSO: Malabu bribe: Italian court postpones trial of Shell, ENI, Dan Etete This is […]
The Italian deputy prosecutor on Thursday told a Milan court prosecuting Shell and Eni over the OPL 245/Malabu affair that all parties involved in the deal were corrupt. He said President Goodluck Jonathan, who led Nigeria from 2010 to 2015, Dan Etete, who allocated OPL 245 to Malabu Oil and Gas — a company in […]
Leading talent recruitment agency, Jobberman has unveiled the 5th edition of the annual best 100 Companies to work for in Nigeria at a well-attended event in Lagos. The report provides comprehensive market insights, which can be used to inspire change towards a better workplace for both employers and employees. Mechanics arraigned over alleged theft […]
As preparations intensify for the third edition of the Alaghodaro Summit, leading firms in Nigeria including Shell Nigeria, the Dangote Group, Nosark Group and KPMG, among others, will lead local and international businesses to this year’s summit. The 2019 Alaghodaro Summit is organised to mark Governor Godwin Obaseki’s third year anniversary and would host the […]
The Federal High Court in Abuja on Friday has given orders to the Minister of Petroleum Resources to grant the renewal of the Oil Mining Lease 11 to Shell Petroleum Development Company of Nigeria for 20 years. Justice Taiwo Taiwo, in his judgment delivered on Shell’s suit, ruled that renewal would be for 20 years […]
Micheal Ajayi The Royal Dutch Shell (SHELL) has said that its gas distribution capacity has increased by 150 per cent in Nigeria, following the safe completion of the Agbara-Ota Capacity. Speaking at the Media launch 2019 edition of the ‘Shell in Nigeria briefing Notes’, the Managing Director of Shell, Ed. Ubong said that the company […]
The House of Representatives on Thursday, directed the Shell Petroleum Development Company (SPDC) to relocate its Western operational headquarters to Warri in Delta State with immediate effect. The directive is sequel to the adoption of a motion sponsored by Hon Lovette Idisi, the member representing Ethiope West and Ethiope East of Delta state. Passing the […]
Belabiri 11, a sleeping community in Ekeremor Local Government Area of Bayelsa state is currently embroiled in deadly crisis over who becomes the next Board Chairman of the Global Memorandum of Understanding (GMoU) between Shell and host communities of Mein Cluster Location. Those deeply involved in the power tussle are four children of one Chief […]