FG’s order to IOCs on controversial tax returns may hang Bonga scheme—Shell
Strong indications have emerged revealing that the recent deadline given to leading International Oil Companies (IOCs) including Royal Dutch Shell, Chevron, Exxon Mobil, Eni, Total, and Equinor to pay up contestable royalties amounting $20bn, may hobble planned investments by the…
Nigeria’s four largest crude oil grades now live on InterContinental Exchange swaps
Trading at the first day of InterContinental Exchange (ICE) market which opened on Monday, September 17, 2018 has shown that Nigeria’s four largest crude oil grades made up of Bonny Light, Forcados, Qua Iboe and Bonga started on a nice…
Shell currently negotiating fresh production sharing contract on Bonga for 2019
Depending on the outcome of ongoing negotiation with the federal government, Royal Dutch Shell and its partners will soon decide whether to go ahead with the development of the nation’s Bonga Southwest offshore oilfield for 2019 operations. The platform which…
Ogoni cleanup: Shell’s inclusion in HYPREP board bad for transparency—Senate
For transparency sake, the inclusion of Royal Dutch Shell as a member of the Governing Council of Hydrocarbon Remediation Project (HYPREB), leaves much to be desired. The council is saddled with the responsibility of superintending the policies of HYPREP, providing…
No buyers for Nigerian crude as oil cargoes keep hovering on high seas?
At a time July consignments are lining up, oil grades continued to struggle, weighed down by a surplus of unsold June loading cargoes. International reports say some 20 cargoes remained from the June loading programme, out of a total of…
UK court to deliver judgment in Shell’s oil spill case with Bodo community on Friday
Just as the Royal Dutch Shell on Wednesday said it is still maintaining the force majeure declared on Bonny Light facilities, a Court in London will deliver judgment on Friday in a case filed by lawyers for the Bodo community…
Lagos High Court to rule today on N122bn judgment debt against Shell, FBN
After cross fire legal arguments, Justice Ibrahim Buba of the Federal High Court in Lagos will today, rule on the garnishee proceedings filed by some Ogoni chiefs from Ejama community in Rivers State against the Central Bank of Nigeria (CBN)…
Federal earnings from Shell jump to $3.197bn in 2017 from $2.172bn in 2016
A new report released by Royal Dutch Shell on payments to the Nigerian government for its activities in the county has shown that whereas it paid federal government $2.172bn in 2016, there is a 19 per cent rise to $3.197bn…
Shell now among ten biggest climate polluters’ worldwide—FoE Dutch Director, Pols
More facts weekend, emerged on why the global leaders in environmental rights group campaign, Friends of the Earth (FoE), Netherlands is set to drag oil multinational, the Royal Dutch Shell to court for complications in climate pollution. The suit is…
Shell reacts to AI report, says “We respond to oil spills promptly”
Less than one week after the global human rights watchdog, Amnesty International (AI) released a report accusing Royal Dutch Shell and Italian oil giant, Eni of always watering down cases of oil spills in Nigeria to escape huge payment of…
