Shell's Exit Plans Not Sitting Well With Nigeria Govt
The government is encouraging Royal Dutch Shell Plc to keep its onshore oil and gas business in Nigeria, instead of divesting it, as the company seeks to focus more on cleaner energy and offshore production. The oil giant has been at the receiving end of several law suits brought by inhabitants of oil rich areas, including the Niger Delta, where oil spills has led to loss of livelihoods over the years. Shell has denied negligence on their part, accusing inhabitants of sabotaging pipelines running through villages. The operator of Nigeria's onshore oil and gas joint venture (JV) SPDC, recently indicated it would no longer continue to be exposed to the risk of theft and sabotage.The Anglo-Dutch energy giant, operational in Nigeria since 1936, has been gradually selling its onshore assets for over a decade in Nigeria. Shell is also one of the oil giants implicated in the Malabu oil bloc scandal, which allegedly saw huge bribes being paid to government officials for the rights to explore for oil. The oil giant was later let off the hook by an Italian court for their involvement in the U.S.$1.1 billion corruption case.
An Italian court has cleared energy giants Eni and Shell of U.S.$1.1 billion corruption charges related to an oil exploration deal in Nigeria. The long-running case revolved ... Read more »
The 2011 Bonga spill victims, who have been pursuing legal means to get compensation against Shell have won the second round of the legal battle against the oil giant in the United ... Read more »
A group of 42,500 Nigerian farmers and fishers can sue oil giant Royal Dutch Shell in UK courts over pollution caused over decades by oil spills. The claimants allege their ... Read more »
The Rivers State government and the Shell Petroleum Development Company have started their bickering over the former's announcement that it has formally taken possession of a 45% ... Read more »