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Royal Dutch Shell

Shell Petroleum remits $6.3 billion to Nigeria

Shell Petroleum Development Company (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) remitted $6.3 billion in 2018 to Nigerian government.

Shell’s taxes, royalty to federal government, agencies hit $6.397 billion

The payment by Shell companies in Nigeria – in taxes and royalty – to the Federal Government and agencies has hit $6.397 billion in 2018.

Exxon weighs sale of Nigerian oil, gas fields

Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in U.S. shale and Guyana, industry and banking, sources told Reuters.

Shell signs $200 million with UBA to help local contractors access project finance

Royal Dutch Shell Plc’s Nigerian unit agreed a $200 million deal with United Bank for Africa Plc to help its local vendors and suppliers access project finance.

Report: Shell knew its $1.1 billion for OPL 245 will go into private pockets

A new report by a non-governmental organisation, Global Witness, has blamed Shell and Eni for their alleged roles in the acquisition of OPL 245 in the oil-rich Niger Delta which is linked to Malabu oil scandal.

Dutch prosecutors target Shell over Nigeria oil deal

Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011.

Big oil companies record enormous profits

The world’s top oil companies, the “supermajors” — US firms Chevron and ExxonMobil, Britain’s BP, Anglo-Dutch Royal Dutch Shell and Total of France – earned nearly $80 billion in net profits last year.

Shell profit soars to $23 bn in 2018

Energy giant Royal Dutch Shell on Thursday said its net profit surged 80 percent to $23.4 billion in 2018, thanks to higher oil prices and cost cuts.
Secretary-General of OPEC, Mr. Mohammed Barkindo

WEF: Oil industry considers options to combat climate change, investors’ pressure

When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics – climate change and pressure from investors.

UNEP petitioned over activities of HYREP, Shell in Ogoniland

Diaspora groups, the National Union of Ogoni Student International and Ogoni Lives Matter INTL have petitioned the United Nations Environmental Program (UNEP) on the activities of Hydrocarbon Pollution Restoration Project (HYPREP) and Shell Petroleum in Ogoniland, Rivers State.
The Prelude FLNG facility has begun the 5,800km journey from South Korea to North West Australia. Shell

World’s largest floating LNG platform starts production in Australia

Royal Dutch Shell said on Wednesday it has begun output at its Prelude Floating Liquefied Natural Gas (FLNG) facility in Australia, the world’s largest floating production structure.
eni

Malabu scam: Eni, Shell aware of corrupt payments – judge

An Italian judge, Giusy Barbara, found out on Monday that Eni and Royal Dutch Shell were fully aware that their 2011 purchase of Nigeria’s Oil Prospecting Lease (OPL 245) would result in corrupt payments to Nigerian politicians and officials.

Shell announces the second tranche of share buyback programme

Royal Dutch Shell plc has announced the commencement of trading in the second tranche of its share buyback programme previously announced on July 26, 2018.

Shell: Nigerian oil deal may last several months

Royal Dutch Shell has said the corruption trial over a Nigerian oil deal may last several months, warning staff of continued critical media coverage in the $1.3 billion case.

Exxon, Chevron, others to join rivals in climate initiatives

Exxon Mobil, Chevron and Occidental Petroleum are joining a group of international oil and gas giants in an initiative aimed at curbing carbon emissions in the sector, two sources familiar with the matter said on Thursday.
Methane

Shell targets lower methane emissions from oil and gas operations

Royal Dutch Shell announced on Monday plans to limit emissions of methane, a potent greenhouse gas, across its oil and gas operations.

Shell targets lower methane emissions from oil and gas operations

Royal Dutch Shell announced on Monday plans to limit emissions of methane, a potent greenhouse gas, across its oil and gas operations.
1 President Buhari in a Roundtable meeting with Dutch CEOs in Rotterdam on 16th July 2018

Dutch firm plans 400 hectares textile park in Nigeria

A Dutch firm, Vlisco, yesterday expressed readiness to invest on 400 hectares of land for the establishment of a textile park in the country.

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