Shell Petroleum Development Company (SPDC) has remitted $29.8 billion to the Federation Account and another $1.2 billion to the Niger Delta Development Commission (NDDC), between 2002 and 2016, its General Manager, External Relations, Igo Weli, has said. Weli who was reacting to the shutdown of the oil major’s flow station and gas plant in Belema […]
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Hundreds of protesters have occupied a Nigerian oil facility owned by Anglo-Dutch oil giant Shell, demanding that a local company take over its operations, a community leader said Saturday. “We want Shell to hand over the operations of the flow station to Belema Oil Company because it appreciates our challenges and needs,” community leader Godson […]
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Royal Dutch Shell said on Tuesday it was restarting a number of units at the 404,000 barrels per day Pernis oil refinery in the Netherlands after shutting down most of the site on July 30. “Complete restart will take place in a structured and controlled way,” the oil major said in an emailed statement, without […]
Read More Shell Petroleum Development Company of Nigeria (SPDC) has said that it was providing the sum of $10 million as take-off fund and contribution towards the clean-up of Ogoniland. The oil firm further expressed its commitment to the remediation of oil impacted spots in the area. SPDC General Manager, Internal Relations, Mr. Igo Weli, explained that […]
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Nigeria has signed financing deals with oil majors Shell and Chevron to develop projects that would boost reserves and revenue, the state-run oil firm said on Thursday. “Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed in London on Monday,” said […]
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Royal Dutch Shell is shutting down most units at its refinery in Rotterdam, the Netherlands after a fire at a high-voltage electricity switch station. Shell spokesman Thijs van Velzen says the fire started late Saturday and was extinguished by Sunday morning. Nobody was injured. The Pernis refinery in Rotterdam’s sprawling port is Europe’s largest. It […]
Read More The royalties and corporate taxes paid by Shell to the Nigerian government last year increased to $1.4bn from $1.1bn in 2015 on the back of the rise in crude oil prices, while the Shell Petroleum Development Company-operated joint ventures alone contributed $29bn to the federation’s purse between 2012 and 2016. The royalties and taxes would […]
Read More Royal Dutch Shell says first-quarter earnings more than doubled as energy prices rebounded and the company benefited from a cost-cutting drive announced when oil was at a 12-year low. The Anglo-Dutch energy giant said Thursday that profit adjusted for changes in the value of inventories and excluding one-time items rose to $3.75 billion from $1.55 […]
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Nigeria’s first deepwater development, the Bonga field, has been shut down, causing oil firms and the nation a huge loss of revenue estimated at N3.45bn daily. Shell Nigeria Exploration and Production Company Limited announced on Monday that the field was shut down on Saturday to enable it to commence turnaround maintenance on the field. It […]
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Exportation of crude oil and production; hit a fresh disruption with the shutdown of the Trans Niger Pipeline, one of two major pipelines transporting the Bonny Light crude grade for export, report showed. The TNP, which is operated by Shell Petroleum Development Company of Nigeria Limited, was shut by the oil major after a fire at Kpor […]
Read More Royal Dutch Shell said on Monday that is had re-opened a 180,000 barrels of crude oil per day Trans Niger Pipeline shut since November 2015. The TNP is a key oil pipeline in Nigeria, which carries Bonny Light crude oil to the export terminal had re-opened “in recent days,” a Shell spokeswoman said by email. […]
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It has been made known to Nigerian farmers by a Dutch court that they can sue Royal Dutch Shell in Netherlands for the pollution they blame on oil spills from the pipelines of the company’s Nigerian subsidiary. Shell had challenged the authority of Dutch courts to rule on its activities in Nigeria. Judges in The […]
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