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Posts under ‘Nigeria’

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 […]

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 […]

Prices Fall to a Six-Year Low for U.S. Oil

Article by Stanley Reed published 17 March 2015 in the New York edition of the New York Times Prices Fall to a Six-Year Low for U.S. Oil Oil prices fell to six-year lows on Monday in the face of concerns that a glut in the United States was outpacing already-brimming storage facilities. Additionally, the Organization […]

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 […]

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 […]

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