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Nigeria opens inquiry into disputed oil field

by Mary MorleyWednesday, 14 Dec 2016, 15:08 GMT

Nigeria has opened an investigation into an offshore oil field owned by Royal Dutch Shell (LON:RDSA) and Italy’s Eni, Reuters has reported. The move comes after Dutch and Italian investigators launched their own inquiries into the oil block.

Shell’s share price has been steady in today’s session, having inched 0.26 percent higher to 2,138.50p as of 14:28 GMT. The stock is outperforming the broader London market, with the benchmark FTSE 100 index having slipped marginally into the red and currently standing 0.14 percent worse off at 6,958.93 points. The group’s shares have gained more than 40 percent over the past year, as compared with about an 11.5-percent rise in the Footsie.

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