Shell, Eni share misleading details on severity of spills to avoid compensation—AI
Leading global rights watchdog, Amnesty International (AI) weekend released a report showing that Royal Dutch Shell and Italian oil giant, Eni had been in the habit of doctoring oil spill reports in a way and manner compensation to host communities…
Royal Dutch Shell, Eni, Dan Etete’s corruption trial in Milan adjourned till May 14
Against general expectations that the trial of two international oil companies, Royal Dutch Shell and Eni over corruption involving former Nigerian Petroleum minister, Dr. Dan Etete in Milan, Italy will go on Monday, March 05, 2018, trial Judge adjourned the…
Shell grosses annual profit, zooms to $13bn, a threefold rise
Global oil and gas conglomerate, Royal Dutch Shell on Thursday, announced that its profit after tax nearly tripled to just under $13bn (10.5 billion euros) in 2017. The rise, according to the group was deepened by rising oil and gas…
Shell puts down $70b to buy smaller rival BG Group
Leading global oil conglomerate, Royal Dutch Shell is set to buy smaller rival BG Group for $70 billion. Analysts say if the deal scales through, it will become the first major oil industry merger in more than a decade. According…
Shell/Bio-Bean: Nigeria’s yearly 275m cups of coffee can power buses— Arthur Kay
An indication has emerged that the Royal Dutch Shell will convince its partner, Bio-Bean in coming to Nigeria to develop the latest Coffee Waste Ground Biofuel Energy currently used in powering public buses in London as part of drive to…
Recovering oil prices push Shell to resume all-cash dividend
Royal Dutch Shell on Tuesday, said it has concluded plans to resume all-cash shareholder dividends, as group profitability improves thanks to recovering oil prices and cost-cutting. The new strategy was made alongside news that the Anglo-Dutch group has raised its…
Shell deepens net profit to $4.087bn in Q3
Royal Dutch Shell on Thursday, said its net profit almost tripled to more than $4.0 billion in the third quarter, helped largely by recovering oil prices. According to the released third quarter financials, Shell’s profit after tax jumped to $4.087…
Shell kick starts Gbaran-Ubie gas production scheme in Niger Delta
Leading International Oil Company (IOC), Anglo-Dutch oil major Royal Dutch Shell on Wednesday, said it has resumed gas production from the second phase of the Gbaran-Ubie project in Niger Delta, not minding the unresolved occupation of its Kula/Belema facility in…
Community youths occupying Shell platforms at heavy safety risk—Shell
The continued occupation of Royal Dutch Shell facility by hundreds of protesters from the Kula and Belema communities in Rivers state since August 11 has been described by Shell as the height of self inflicted risk. The company also revealed…
Worst disruptions in oil communities over, we look ahead to 2.2mbpd soon—Oando
Relying on the sustained peace in oil producing communities since the visit of Acting president some months ago, the chief executive of Oando Plc is upbeat that production could reach 2.2 million barrels per day (bpd) by the end of…
