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Posts under ‘Africa’

Fuel crisis worsens Nigeria’s power problems

WE UNDERSTAND FROM INSIDER SOURCES THAT THE INTERNAL NIGERIAN FUEL CRISIS DESCRIBED IN THIS PUNCH ARTICLE IS SEVERELY AFFECTING SHELL OPERATIONS, WITH POWER CUTS AND A LACK OF FUEL FOR VEHICLES.   MAY 25, 2015 : AKINPELU DADA, STANLEY OPARA, FEMI ASU AND GODWIN ISENYO  The current nationwide scarcity of refined petroleum products has reached […]

Sultan of Oman Spying On Shell Oil Oman

20 May 2015 at 11:42, Alastair Sloan Spy-tech firms Gamma and Trovicor target Shell Oil in Oman Extracts The Sultan of Oman’s intelligence services are spying on the local operations of British oil company Shell with the aid of controversial European tech companies, the Register has learned. Documents seen by el Reg reveal that the […]

Shell to Add Firepower to BG Assets in East Africa LNG Race

Article by Paul Burkhardt published 12 May 2015 by Bloomberg.com Royal Dutch Shell Plc’s $70 billion takeover of BG Group Plc will put Europe’s largest energy company in the middle of East Africa’s race to export natural gas and is set to boost the chances of Tanzania becoming a major supplier. The acquisition would include stakes in […]

Shell agrees to start cleaning polluted area

Under a compensation deal hammered out in London in January, Shell’s Nigerian arm agreed to pay $55m to people in Bodo following a three-year legal battle over the 2008 spills that devastated their environment. 3 May 2015 Lagos – Shell has agreed with Nigerian fishing community of Bodo in the Niger Delta to start the […]

Nigeria: Shell Rules Out Divestment in Nigeria, Others This Year

Article by Daniel Adugbo published 1 May 2015 by AllAfrica.com Shell Rules Out Divestment in Nigeria, Others This Year Royal Dutch Shell said yesterday it had reduced its expected 2015 capital expenditure (capex) to $33 billion from $35 billion as the company continues to adjust its business to the lower oil-price. Releasing its first-quarter results […]

Can Shell Afford To Drill In The Arctic?

By Charles Kennedy: Wed, 29 April 2015 How can Shell possibly finance the purchase of BG? Royal Dutch Shell is set to report its first quarter earnings, and by all accounts, it will be a doozy. Analysts predict a 60 percent decline in earnings from a year earlier, including a massive 7 percent fall in production. […]

Oil Prices Decline Forces Royal Dutch Shell And Total To Postpone West Africa Offshore Projects

Bidness Etc looks at Royal Dutch Shell and Total SA’s West Africa projects and why the projects are facing delays By: MICHEAL KAUFMAN: Apr 28, 2015 The decline in global oil prices has led to a downturn in the energy industry, with oil companies being forced to take drastic steps to address the situation. One of […]

Royal Dutch Shell Arctic Assessment Understated, Say Environmental Groups

Royal Dutch Shell Arctic Assessment Understated, Say Environmental Groups Bidness Etc discusses why environmental groups want Shell to reassess the risks for drilling in the Arctic, and that the previous report undermined the drilling risks involved By: MICHEAL KAUFMAN: Apr 28, 2015 Major oil companies to safeguard themselves from the lower crude oil prices are cutting […]

SHELL TO ACQUIRE BG: IMPLICATIONS FOR THE NORTH SEA

14 April 2015 Shell announced an offer of a £47bn ($70bn) acquisition of BG in the second biggest oil and gas deal on record after Exxon and Mobil’s £51bn ($75.3bn) merger in 1998.  Shell and BG expect to make annual savings of £1.7bn ($2.5bn) and the combined company is estimated to be worth £180bn ($266bn). […]

Nigeria: Govt Receives $48 billion From Shell in Four Years

Nigeria: Govt Receives N9.6 Trillion From Shell in Four Years By Roseline Okere: 14 April 2015 The Shell Petroleum Development Company of Nigeria Limited (SPDC) paid $48 billion (N9.6 trillion) revenues to the Nigerian government from 2010 to 2014. Also, the company paid $3 billion (N600 billion) share of royalties and taxes to the Nigerian […]

Corporate espionage: Shell Cloak and Dagger activities

By John Donovan Corporate espionage: Shell Cloak and Dagger activities spanning more than two decades – much of it directed against me  SHELL ALSO Infiltrated spies into the Nigerian government  Was responsible for covert operations against Greenpeace and other perceived enemies, using a serving secret service agent freelancing for a private spy firm closely connected […]

Nigeria: President-Elect pledges to fight the evil of corruption

President-elect Muhammadu Buhari, a former military leader, vowed to fight the scourges of corruption and Boko Haram militants. Sunday Alamba/Associated Press From an article Adam Nossiter published 1 April 2015 by The New York Times under the headline: Nigerian President-Elect Muhammadu Buhari Sets Out His Agenda Extracts KANO, Nigeria — Nigeria’s president-elect, Muhammadu Buhari, did […]

Goodluck Jonathan and the missing $20bn

ARTICLE BY TIM COCKS AND JOE BROCK PUBLISHED 1 April 2015 BY THE RAND DAILY MAIL OF SOUTH AFRICA Between $10.8-billion and $20-billion of oil revenue was unaccounted for over a period of 19 months “Sanusi’s concerns around the first of these mechanisms centre on the 2011 sale by Royal Dutch Shell of its interests […]

Shell takes further steps away from Nigeria

Article by Daniel J. Graeber published 26 March 2015 by UPI Shell takes further steps away from Nigeria ABUJA, Nigeria, March 26 (UPI) — The Nigerian subsidiary of Royal Dutch Shell said it made further progress in its divestment strategy by selling Niger Delta assets from $1.7 billion. Shell Petroleum Development Co. of Nigeria said […]

Nigeria: Shell completes $1.7 billion sale of Nigerian assets to Aiteo

Shell completes $1.7 billion sale of Nigerian assets to Aiteo ABUJA (Reuters) – Oil major Shell said on Wendesday it completed the sale of its 30 percent stake in the Nigerian oil block 29 and the Nembe Creek trunk line to Aiteo Eastern Exploration and Production Co for $1.7 billion. Total and Eni’s Nigerian arms […]

Nigeria: Oil Spill – Era/FoEN Accuses Shell of Denying Communities JIV Reports

“THE NIGER DELTA, Nigeria—Oil is so cheap these days that for people around here, it isn’t even worth stealing anymore.” An article by Igoniko Oduma published 24 March 2015 by AllAfrica.com/Daily Independent (Lagos): Nigeria: Oil Spill – Era/FoEN Accuses Shell of Denying Communities JIV Reports Yenagoa — The Environmental Rights Action/Friends of the Earth (ERA/FoEN) […]

Shell Gives Conditions for More Investments in Nigeria

An article by Ejiofor Alike published 24 March 2015 by ThisDayLive.com Shell Gives Conditions for More Investments in Nigeria Shell Petroleum Development Company (SPDC) has given conditions for it to invest in Nigeria, saying that though it has divested assets, it is also ready to invest more than it has divested if the operating environment […]

Joint Investigation Visit Reports Indict Shell On Oil Spills In Bayelsa

From an article by Fyneface Aaron published 23 March 2015 by The Tide Joint Investigation Visit Reports Indict Shell On Oil Spills In Bayelsa, Nigeria (JIV) report on Seibou and several other oil wells that are spilling its contents into the environments in Bayelsa State operated by Shell Development Company has been attributed to equipment […]

A sad situation in Rhodesia 50 yrs ago: Even worse now. 

Robert Mugabe was a “key player” campaigning against the white settler regime in Rhodesia nearly 50 years ago, and remains the key player today, but considerably richer.  Some of this information, including the anti-Apartheid poster, comes from “A History of Royal Dutch Shell Volume 3.  Like this:Like Loading…

Shell and Eni Struggle To Control Oil Spills In Nigeria

By: MICHEAL KAUFMAN Published: Mar 20, 2015 at 9:35 am EST As reported by Bloomberg, Amnesty International has indicated that Royal Dutch Shell plc (ADR) (NYSE:RDS.A) and Eni SpA (ADR) (NYSE:E) are finding it difficult to control the oil spills in Nigeria. Amnesty International asserted that both companies have been involved in over 550 oil […]

SPDC Completes Sale of Oil Mining Lease 18 in Nigeria

Cautionary note: Shell has a track record in Nigeria of repeated oil spills; toxic gas flaring without end; arming police thugs; hiring militant gang leaders; hanging Nigerian campaigners while in bed with one particularly despotic regime; paying bribes to corrupt Nigerian government ministers and infiltrating spies into the Nigerian government. THE HAGUE, The Netherlands, March 20, 2015 /PRNewswire/ — The Shell Petroleum Development […]

Africa: Statoil’s Historic Disclosures Blow Holes in Exxon and Shell’s Campaign for Secrecy

Statoil’s disclosures deal a major blow to efforts by a small number of backward looking oil firms, including ExxonMobil, Royal Dutch Shell and BP, to weaken the U.S. transparency rule. Unless transparency rules include these elements, they will give companies a licence to continue making corrupt payments. Extracts from a Press Release by Global Witness published […]

Shell, Eni Making No Progress on Nigeria Oil Spills: Amnesty

(Bloomberg) — Royal Dutch Shell Plc is making no progress curbing oil spills in Nigeria and Eni SpA’s operations in the West African country are out of control, according to Amnesty International. The two companies reported more than 550 spills in the southern oil-rich Niger River delta last year, compared with an average of 10 […]

Shell to divest from three more oil blocks in Nigeria

By Roseline Okere on March 18, 2015 Royal Dutch Shell Plc has signed agreements for the divestment of Shell Petroleum Development Company of Nigeria (SPDC) interests in three more onshore Oil Mining Leases (OMLs), which completion is subject to the consent of the Federal Government of Nigeria. Besides, the company has concluded plans to stake […]

NIGERIA: Oil Spill From Shell’s Seibou Well In Bayelsa Traced To Equipment Failure

The oil spills from Seibou oil well operated by Shell Petroleum Development Company (SPDC) in Bayelsa State has been traced to a ruptured and dilapidated pipeline. A joint investigation visit (JIV) report on the incident obtained by SaharaReporters estimated that some 549 barrels of SPDC’s crude was discharged into Ogboinbiri River in Southern Ijaw local […]

Shell gets cold feet on SA shale-gas

FROM TIMES LIVE – SUNDAY TIME SA: ARTICLE BY LONI PRINSLOO 15 March 2015 Shell gets cold feet on SA shale-gas Multinational oil and gas company Royal Dutch Shell is pulling its top shale-gas man out of South Africa, an indication that companies are growing increasingly frustrated with government delays over shale-gas legislation. This week, […]

The fall in oil price could be a turning point for Nigeria’s economy

From an article by Godwin Uyi Ojo published by The Guardian on 5 March 2015 read moreLike this:Like Loading…

Canadian Firm Welcomes Nigerian High Court Decision on Shell Oil Block

From an article published by thisdaylive.com on 11 March 2015 Canadian Firm Welcomes Nigerian High Court Decision on Shell Oil Block A Canadian firm and member of Crestar Consortium that won the bid for Shell’s Oil Mining Lease (OML) 25, James Bay Resources Limited, has welcomed the decision of a Federal High Court restraining the […]

Shell has no timeline for Nigeria oil well restart after leak

Sat Mar 7, 2015 9:00am GMT LONDON (Reuters) – Shell has no timeline to restart the Seibou 2 wellhead in Nigeria that it closed in January after it leaked 550 barrels of crude oil, a spokeswoman said on Friday. The company said it closed the well, which is operated by Shell Petroleum Development Company of […]

Nigeria’s Ogonis Divided Over Resuming Oil Production

By Chris Stein – Voice of America, 06 March 2015 Nigeria’s Ogonis Divided Over Resuming Oil Production KEGBARA DERE, NIGERIA— Oil once flowed in Ogoniland, as it does from wells throughout the creeks and swamps of Nigeria’s Niger Delta region. But in 1993, the Ogoni people said enough. Leaking pipelines were polluting the fields they farmed and […]

Shell Nigeria: Allegations of insider trading and sharp practices

From an article published by ThisDayLive on 6 March 2015 under the headline: House Summons Alison-Madueke, Shell over Divestment from Oil Block The Nigerian House of Representatives has resolved to investigate the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, and the Shell Petroleum Development Company (SPDC) over allegations of sharp practices in the divestment of […]

Shell confirms oil leak from underwater facility in Bayelsa

From an article published in the Premium Times on 5 March 2015: Shell confirms oil leak from underwater facility in Bayelsa Extracts The Shell Petroleum Development Company (SPDC) on Thursday confirmed an oil leak incident from its underwater line within its oil fields in Bayelsa. According to a statement issued by Joesph Obari, Spokesperson for […]

Ogoniland and Shell

Article by Ben Ikari (International Human Rights and Environmental Justice Advocate) Dr. Eddy Wikina Should Advocate Clean-up and Ogoni Bill Of Rights-Not Oil Production My comments are based on a press statement credited to a respected elder of Ogoni Dr. Eddy Wikina on behalf of the “Ogonis Elites and Elders,” titled: Oil Resumption in Ogoniland: Elites […]

Shell divides $46.5 million between 15,500 Nigerians in oil spill compensation

Shell Petroleum Development Company (SPDC) has allocated N600,000 (approx. US$3,000) to each of 15,500 indigenous peoples of Bodo, in the Gokana Local Government Area of Rivers State, as a monetary compensation for its excessive oil spills in the past years. These oil spills have had a damaging effect on the Ogoni environment. The compensation was […]

Shell spills oil in Ogboinbiri River in Bayelsa, refuses to visit site

Extracts from a Premium Times article by Arodiegwu Eziukwu published 3 March 2015 An oil leak from Seibou Deep facility operated by Shell Petroleum Development Company has been discharging crude into Ogboinbiri River in Bayelsa. Residents of the coastal settlements in Ogboinbiri and neigbouring communities say the oil leak has damaged the fishing activities of the […]

Shell, ENI prop up corrupt Nigerian regime

FROM A NIGERIAN NEWS MAGAZINE: MARCH 2015 Nigeria’s Naira firmed 1.13 percent against the dollar on the interbank market in thin trade on Monday, supported by dollar flows from two energy companies, traders said. The naira closed at 199.7 to the dollar compared with 202 on the interbank market on Friday, dealers said. The central […]

New Shell MD in Nigeria

Printed below is information from a press release about the new boss of Shell in Nigeria. I am sure Mr. Osagie Okunbor will be just as honest as the Nigerian President Goodluck Jonathan and other Nigerian politicians and business people (including Internet entrepreneurs), all globally renowned for their virtuous attributes such as integrity, truthfulness, and straightforwardness.  FROM […]

Oil Spill: Syndicates Defraud Communities As Shell Remains Adamant On Payout

BY SAHARA REPORTERS, NEW YORK, FEB 28, 2015 An investigation by SaharaReporters reveals that several rogue syndicates have been selling oil spill compensation forms to members of oil-producing communities in Bayelsa State ostensibly to enable the residents to benefit from a fund established to compensate victims of the December 2011 Bonga oil spill. However, some concerned […]

Ogoni People Reject Belema Oil, Express Fear of State Repression

“We urge the government of Nigeria and the Shell Petroleum Company to clearly understand that the Ogoni problem is like an open wound, the issues have to be resolved and no amount of coercion, blackmail, backdoor conspiracy will subject the people to give up on this very costly struggle for survival.” 22 Feb 2015 An […]

Shell Denies Abandoning New Bonga Project

From an article published 16 February 2015 by The Tide under the headline: Shell Denies Abandoning New Bonga Project Extracts The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has denied recent reports that it has stopped the development of the strategic Bonga South West/Aparo (BSWA) project due to the slump in international oil price. […]