Royal Dutch Shell Plc .com Rotating Header Image

Shell needs to take hard look at Nigerian onshore oil – CEO

Feb 5th, 2021
by John Donovan.

Shell needs to take hard look at Nigerian onshore oil – CEO

By Reuters Staff: FEBRUARY 4, 2021

LONDON (Reuters) – Royal Dutch Shell needs to take another hard look at its onshore oil operations in Nigeria due to continued problems with theft and sabotage, Chief Executive Ben van Beurden said on Thursday.

A Dutch appeals court on Friday held Shell’s Nigerian subsidiary responsible for multiple oil pipeline leaks in the Niger Delta and ordered it to pay unspecified damages to farmers, in a victory for environmentalists.

Shell maintains that the spills were caused by sabotage. In November, it also lost a Nigerian high court case that could lead to $44 million in damages for spills.

“Our onshore oil position, despite all the efforts we put in against theft and sabotage, is under challenge,” van Beurden told reporters, saying it was a headache.

Shell’s Nigerian onshore joint venture SPDC has sold about 50% of its oil assets over the past decade, he said.

“But developments like we are still seeing at the moment mean that we have to take another hard look at our position in onshore oil in Nigeria.”

Reporting by Ron Bousso and Shadia Nasralla; Editing by David Clarke

SOURCE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Posted in: Africa, Ben van Beurden, Environment, Fossil Fuels, Human Rights, Litigation, Nigeria, Oil, Oil Spill, Reuters, Royal Dutch Shell, Royal Dutch Shell Plc, Shell.
Tagged: · · · · ·

← →

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.