Tag: Shell Nigeria

Tinubu welcomes Shell’s $2bn new offshore gas investment in Nigeria

Aminu Imam
Tinubu welcomes Shell

President Bola Tinubu has welcomed the news of Shell’s $2 billion Final Investment Decision, (FID), on a new gas project in the shallow offshore HI Field, in OML 144. When completed, the new Non-Associated Gas (NAG) development project will deliver approximately 350 million standard cubic feet of gas per-day (mmscf/d) from 2028, equivalent to almost a third of the requirements of Nigeria LNG Limited’s Train-7 project. According to a statement issued by Special Adviser to the President, (Information & Strategy) to the President, Bayo Onanuga, yesterday, the announcement brings total…

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U.S. lawmakers demand re-opening of corruption probe into Shell-Eni OPL-245 deal

Aminu Imam
US lawmaker Tinubu

Members of the United States Congress have demanded the re-opening of a corruption inquiry into Shell and Eni after Nigeria’s President Bola Tinubu restored the ownership of OPL 245 to the European oil giants. Two lawmakers, Maxine Waters and Joyce Beatty, urged the U.S. Department of Justice (DOJ) to investigate how the firms violated the country’s Foreign Corrupt Practices Act. Recall that a reporr earlier this year reveaked how President Tinubu allegedly negotiated a deal with the oil firms that would see them transfer lucrative assets to Oando Plc, a…

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85 yrs after, Shell exits Nigeria’s on-shore oil sector

Aminu Imam

…Sells assets at $1.3bn After 85 years, British energy major, Shell Petroleum Development Corporation, (SPDC) has agreed to sell its Nigerian on-shore oil and gas subsidiary in Nigeria to a consortium of five, mostly local, companies for up to $2.4 billion. Active in the West African country since the 1930s, Shell has struggled for years with hundreds of oil spills at its on-shore operations as a result of theft, sabotage and operational issues, which led to costly repairs and high-profile lawsuits. Shell’s SPDC Ltd operates, and has a 30% stake…

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Shell plans $5bn investment in Nigeria

Aminu Imam

…Tinubu to remove bottlenecks for multi-nationals Shell Petroleum Development Company of Nigeria has announced an upcoming $5bn investment in the Bonga North project, located off Nigeria’s coast, saying it underscores Shell’s commitment to the country’s energy sector.  Shell’s Global Integrated Gas and Upstream Director, Ms. Zoe Yujnovich, on behalf of the Shell Group, affirmed to President Tinubu during an official visit, of the company’s intent to sustain its investment legacy in Nigeria. This includes a particular focus on deepwater and gas sector opportunities, with a pledged investment of $1bn over…

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Niger Delta: Shell to face human rights claims in UK over chronic oil pollution

Aminu Imam

Thousands of Nigerian villagers can bring human rights claims against the fossil fuel company Shell over the chronic oil pollution of their water sources and destruction of their way of life, the high court in London has ruled. A judge, Mrs. Justice May ruled, this week, that more than 13,000 farmers and fishers from the Ogale and Bille communities in the Niger-Delta were entitled to bring legal claims against Shell for alleged breaches to their right to a clean environment. The judge ruled it was arguable the pollution had fundamentally…

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Crude oil theft: NNPCL, Shell to face lawsuit over new illegal pipeline discovered in Delta

Aminu Imam

A civil Society organisation (CSO), the Oil Spill Victims Initiative, (OSPIVV), has threatened to sue the Nigerian National Petroleum Company Limited, (NNPCL), and Shell Petroleum Development Company, (SPDC), over the illegal pipeline connections used to siphon the country’s crude oil. The CSO revealed that the illegal pipeline connected to the trunk line through an abandoned pipeline by the Nigerians Agip Oil Company Limited (NAOCL), and linked to a location in the high sea, where they load crude oil into vessels and sell overseas. A new illegal pipeline has been discovered…

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Oil spills: ‘Polluted Nigerian communities can sue Shell in English courts’, U.K. Supreme Court rules

Aminu Imam

The United Kingdom, (UK) Supreme Court has ruled that polluted Nigerian communities can sue oil giant Shell in English courts. The decision is a victory for the communities after a five yr-long battle and also overturns a Court of Appeal ruling. The Niger Delta communities, which comprises of more than 40,000 people, say decades of pollution have severely impacted their lives, health and local environment. Shell is responsible for about 50% of the delta’s oil production. It had argued that it was only a holding company for a firm that…

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Dutch Court orders Shell to pay Nigerian farmers for oil leaks

Aminu Imam

A Dutch court yesterday ordered the Anglo-Dutch oil firm, Shell, to compensate Nigerian farmers for oil spills that polluted swathes of their land in the Niger Delta. After 13 years of legal battles, an Appeals Court in The Hague ruled that Shell’s Nigerian branch must pay out for leaks on land in two villages. It also held its parent company, Royal Dutch Shell, liable for installing new pipeline equipment to prevent further devastating spills. The court ordered Shell to compensate three out of four farmers who first lodged the case in 2008,…

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