Home Topics Royal Dutch Shell
Royal Dutch Shell
Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus crisis undercuts global demand.
Exxon Mobil and Chevron suffered losses in the latest quarter as the weakened economic outlook due to the coronavirus pandemic pressures the industry to double down on cost cuts.
Nigeria’s Bonga crude oil export terminal will close for routine maintenance, according to a port source.
A UK court has ruled that Nigeria’s $1 billion suit against Royal Dutch Shell and Eni, oil giants, cannot go on because it does not have jurisdiction over the case.
Royal Dutch Shell on Thursday cut its dividend for the first time since the 1940s after a first-quarter loss – and warned virus-ravaged oil prices will take time to fully recover.
Royal Dutch Shell RDS cuts its dividend for the first time in 80 years and suspended the next tranche of its share buyback programme following the collapse in global oil demand due to the coronavirus pandemic.
Royal Dutch Shell’s onshore Nigeria subsidiary saw a 41% rise in the number of crude oil spills due to theft or pipeline sabotage in 2019, the group said in its annual report.
Justice Inyang Ekwo of the Federal High Court, Abuja, has made a garnishee order instructing the Central Bank of Nigeria (CBN) to pay the people of Ejama Community in Eleme Local Government Area of Rivers State the sum of N182.7 billion.
Royal Dutch Shell’s Bonga oilfield in Nigeria will undergo maintenance in March and April, though the impact on production and exact dates are still being finalised, a spokesman said.
Total is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources have said.
The Federal Government says it expects about $62bn from multinational energy conglomerates that include Royal Dutch Shell, ExxonMobil, Chevron, Total and Eni, citing a 2018 Supreme Court ruling it says enables it to review and adjust oil production revenue sharing agreements, Reuters has reported.
Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its inquiry into Shell over the 2011 $1.3 billion acquisition of a Nigerian offshore oilfield.
About 170,000 fishermen from 350 communities in Delta, Bayelsa, Ondo states have expressed hope of victory in a case between it and oil giant, Shell that has been in court since 2011.
Stock markets have rallied after the US and China agreed to restart trade talks, easing fears over the escalation of a damaging dispute between the world's two biggest economies.
Royal Dutch Shell and Exxon Mobil are looking to reenter the market in Somalia ahead of an oil block bid round taking place later this year, the country’s oil ministry said in a statement.
The Lagos State House of Assembly says a bill that will make operators of lottery, pools and betting in the state to pay N20 million as licence fees to the state government is underway.
Facebook is launching a new digital platform that will let event organizers create paid online events to try to fill the gap created by the COVID-19 pandemic, the social media giant announced on Friday.
The Managing Director of Cross River Basin Development Authority has been suspended from office by the board of the agency.
The National Working Committee (NWC) of the Peoples Democratic Party (PDP), acting on behalf of the National Executive Committee (NEC), has reconstituted the Kaduna State Caretaker Committee.
American singer and songwriter, Miley Cyrus, says she lost her virginity to her ex-husband, actor Liam Hemsworth at the age of 16.
France’s data privacy watchdog CNIL said on Tuesday that it has opened a preliminary investigation into Chinese-owned video-sharing app TikTok after it received a complaint.
The National Bureau of Statistics (NBS) in collaboration with International Organisation for Migration is conducting a pilot survey on the above named subject matter in Edo, Delta, Lagos and Imo states.
The People’s Democratic Party (PDP) Bauchi chapter, has re-elected its former state chairman, Alhaji Hamza Akuyam, during the party’s state congress held on Saturday.
The Federal Government has directed civil servants on Grade Levels 12 and 13 as well as those on essential duties to resume full duties.
Formally adding unemployment or economic growth to the South African central bank’s mandate would risk policy mistakes and hurting its credibility, Governor Lesetja Kganyago said on Wednesday.