METRO
Shell to ‘blast’ South African coastline in search of oil during whale season
News and information on Shell Plc
METRO
Shell to ‘blast’ South African coastline in search of oil during whale season
Shell Wild Coast backlash: Petrol stations cut ties over oil exploration
Oil giant Shell has now lost around 30 South African petrol stations. Owners are boycotting the brand over it’s upcoming seismic survey.
by The South African: 27-11-2021Public outcry continues to grow over the Shell Wild Coast saga. The oil and gas giant, and brand seen on MANY petrol stations, seems to be losing the support of a few petrol station owners. Shell will begin to blast the shores of the Wild Coast with “seismic surveys”. This is all in the hope of finding pockets of oil or gas.
Royal Dutch Shell: How Nigeria’s Ex-Attorney General Bayo Ojo Received $10 Million From Malabu Largesse
10/05/2021 | 03:07am EDT
Christopher Bayo Ojo, who between June 2005 and May 2007 was Nigeria’s Attorney General and Minister of Justice, received $10.026 million the infamous Malabu OPL 245 share-outs, a payment investigators said was a “bribe” for his earlier controversial decision to reassign the lucrative oil block to Dan Etete, Nigeria’s former petroleum minister.
Contracts are the legal instruments that regulate the behaviour of individuals and parties in the corporate world. Developed societies have very high regard for contracts because it builds trust, makes for ease of doing business and reduce risks involved with investments.
Shell Petroleum Development Company (SPDC) is the pioneer leader of the Petroleum industry in Nigeria.
Shell is not only the leading energy company in Nigeria, the company is also a global brand with a presence in the most advanced economies in the world. Shell ought to know better about the sacrality of the contractual agreement and the imperativeness of their demands on implicated parties.
Fresh Trouble, Panic hits Shell Hqrs as Oil Giant, AITEO launches $2.5b lawsuit against Shell over the sale of OML 29 with fraud and misrepresentations
Royal Dutch Shell: How Nigeria’s Ex-Attorney General Bayo Ojo Received $10 Million From Malabu Largesse
Extracts from an article published by Premium Times on 5 October 2021
Christopher Bayo Ojo, who between June 2005 and May 2007 was Nigeria’s Attorney General and Minister of Justice, received $10.026 million from the infamous Malabu OPL 245 share-outs, a payment investigators said was a “bribe” for his earlier controversial decision to reassign the lucrative oil block to Dan Etete, Nigeria’s former petroleum minister.
REVEALED: How Embattled Ex-Attorney General, Adoke Sought To Transfer Over $1billion From Nigerian Government Account After Leaving Office
BY SAHARA REPORTERS,
NEW YORK SEP 28, 2021
An internal email exchange between anti-money laundering officers at JP Morgan Chase (JPMC) bank records that a former Nigerian Attorney-General of the Federation, Mohammed Adoke sought to transfer over $1 billion from government account, after he had left office.
The information showed that “Mr Adoke”, described in the email as “the former Nigerian Minister of Justice and Attorney General”, sought to transfer $1,092,015,000 from a Federal Government of Nigeria (FGN) account, held with the London branch of JPMC, even though he was not a Minister at the time, an Italian newspaper, IRPIMEDIA reports.
From an email sent to John Donovan and Shell CEO Ben van Beurden: 27 Sept 2021
ON THE PRODUCTION OF OVER 6,000 ITEMS/PRODUCTS FROM NATURAL PETROLEUM RESOURCES
By Zik Gbemre
If over 6000 items/products can be derived/gotten from natural gas and crude oil, which Nigeria is naturally endured well-enough with, how come the Nigerian governments over the years, have not thought it necessary to massively invest in this area so as to greatly improve on the nation’s economy, and the same time provide millions of job opportunities for the Nigerian youths? Why is the Nigerian Government only thinking and focusing on the “quick returns” derived from the export of natural gas and crude oil, without any consideration to invest heavily in the production of these other products/items that can be derived from these natural resources?
The Telegraph
Nigerian oil spill victims sue City lawyers over Shell settlement
Oil spill victims accuse Leigh Day of unlawfully deducting £6m from a settlement due from Royal Dutch Shell
The City law firm Leigh Day is accused of unlawfully deducting £6m from a settlement due from Royal Dutch Shell to the Nigerian victims of an oil spill.
Eight members of the Bodo group from the Niger Delta have claimed that Leigh Day wrongly took the money – including £4m in “referral fees” to local lawyers – from a £55m payment.
REUTERS
Gunmen kill seven at Shell gas project site in Nigeria
YENAGOA, Nigeria (Reuters) -Gunmen killed a police officer and six employees of a Nigerian oil and gas services contractor during an attack on buses transporting workers to a Shell project site in the southeastern state of Imo, police said on Tuesday.
The Nigerian arm of Shell, SPDC, confirmed that unknown gunmen had attacked a convoy of buses taking staff of its contractor, Lee Engineering, to its Assa North Gas development project site in the Ohaji area of Imo State on Monday morning.
OILPRICE.COM
5 Things You Need To Know About The World’s Hottest Oil Play
By James Stafford – Aug 16, 2021, 7:00 PM CDT
With evidence of an active petroleum system now confirmed after two test wells in Namibia’s 6.3-million-acre Kavango Basin, the game is afoot with 2D seismic and a 6-well exploration drilling campaign that hopes to put this final frontier nation definitively on the commercial oil map.
Extracts relating to Royal Dutch Shell
Other companies looking to capitalize on the rise in oil prices:
Royal Dutch Shell (RDS.A, RDS.B) agrees to pay $110M to a Nigerian community for a “full and final satisfaction” of a long-running dispute over an oil spill that happened more than 50 years ago.
The company will pay the Ejama-Ebubu people 45.7B naira ($110.9M) in compensation to put an end to a legal case that began in 1991, the community’s lawyer reportedly tells Bloomberg.
In 2010, a Nigerian court ordered Shell to pay 17B naira to the community, which the company unsuccessfully challenged several times; in March 2020, a judge in a related court case said that Shell’s debt with interest accrued had run up to 183B naira, which the company also contested.
Wed, 11 August 2021
Oil giant Shell will pay a Nigerian community $111m (£80m) over an oil spill more than 50 years ago.
A spokesman said the payment would mark the “full and final settlement” to the Ejama-Ebubu community over a spill during the 1967-70 Biafran War.
The company has maintained that the damage was caused by third parties.
A Nigerian court fined Shell the equivalent of $41.36m in 2010, but the company launched a number of unsuccessful appeals.
Last year, the country’s Supreme Court said that, with interest, the fine owed by the company was more than ten times greater than the original judgement, although Shell denied this. The case was launched in 1991.
Shell to pay $111 million over decades-old Nigerian oil spill
Reuters: August 11, 202110:13 PM BST
LAGOS, Aug 11 (Reuters) – Oil major Shell (RDSa.L) will pay a Nigerian community 45.9 billion naira ($111.68 million) to settle a case over an oil spill that took place more than 50 years ago, a spokesman said on Wednesday.
The company will pay the Ejama-Ebubu community in Nigeria’s Ogoniland the “full and final settlement” to end the case over a spill that took place during the 1967-70 Biafran war.
-By Zik Gbemre
OIL DEGRADATION/POLLUTION OF NIGER-DELTA CREEKS/LANDS: A SHARED BLAME
It is very uncommon to experience crude oil/condensate spillages caused by equipment failure on the vast pipelines constructed by the Federal Government of Nigeria through supervisory NNPC/NPDC and operating oil partners to transport crude oil and associated product across the operating environment.
But no doubt, a significant proportion of crude oil/condensate spills that have become almost a daily experience, threatening health and livelihoods, in massive pollution, particularly across the Niger-Delta states are third party induced for various unlawful self-enrichment.
THIS DAY
Royal Dutch Shell Commences Major Divestment of Assets in Nigeria
Emmanuel Addeh in Abuja JULY 31, 2021
Royal Dutch Shell has launched a major divestment of its Nigerian assets, especially those in the shallow water and onshore, several sources familiar with the matter said yesterday.
Sources close to the company disclosed that the oil giant had already hired Standard Chartered Bank to sell its Shell Petroleum Development Company of Nigeria Limited (SPDC) subsidiary, in deal which could be one of the hugest in the oil and gas industry in Africa ever.