Shell Petroleum Development Company

The Founder and President of Ogoni Liberation Initiative (OLI), a civil society group in Nigeria concern with ensuring the restoration of Ogoni polluted environment, Dauglas Fabeke, has said that Ogoniland has suffered an estimated economic loss over N4 trillion due to oil spill in the last 60 years.

The fear of explosion has gripped residents of Eneka Community in Obio-Akpor local government area of Rivers State because of the ruptured petroleum products high-pressure pipeline belonging to Shell Petroleum Development Company, SPDC, which was gushing out products on Friday.

Rivers State Governor, Nyesom Ezenwo Wike, has assured the Ejamah Community and other host communities of Oil Mining Lease (OML) 11 that the Rivers State Government will defend their right in any ensuing legal battle over the oil facility acquired by the Rivers State Government.

The federal government has vowed to recover over $62 billion it claims as arrears of profits due it from 1998 under the production sharing contracts (PSCs) between the Nigerian National Petroleum Corporation (NNPC) and its joint venture partners.

The federal government, through its attorney-General, Abubakar Malami, says it is determined to recover over $62 billion from multi-national oil companies for ‘under-payment’ to the country since 1998.

The Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture (JV) has appealed to its host communities to continue to create the enabling environment for sustainable business growth.

The Rivers State Government has acquired 45 per cent of Shell Petroleum Development Company’s interest in Oil Mining Lease 11 in Ejama and other communities in Ogoni.

The Rivers State Government, on Monday, announced that it had acquired Shell Petroleum Development Company’s stake in the Oil Mining Lease 11 in Eleme and other parts of Ogoni land.

The federal government says it is determined to continue to extract over 35,000 barrels per day of crude oil output lost to a community dispute in the Niger Delta region.

Rivers State Governor, Nyesom Wike, has called on oil companies to respect the memorandum of understanding (MoU) signed with host communities to ensure peaceful and productive operations.

An environmental activist, Mr. Anderson Achilike, on Wednesday prayed the Federal High Court, Abuja to order the Economic and Financial Crimes Commission, (EFCC) to investigate activities of Shell Petroleum Development Company.

Minister of Niger Delta Affairs, Godswill Akpabio, says the Federal Government is planning to build industrial clusters in nine states of the Niger Delta.

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, is expected to lead a Federal Government delegation to reopening and resumption of operations of the Oil Mining Lease (OML) 25 flow station in Belema Community of Akuku-Toru local government area of Rivers State on September 28, 2019.

The implementation of the proposed reduction of the federal government’s equity holding in the joint ventures in the oil industry is one of the priorities of the Minister of State for Petroleum Resources, Timipre Sylva.

As part of the ongoing efforts to curb illegal oil dealings in the Niger Delta, oil giant Shell Petroleum Development Company (SPDC) said that it has introduced an advanced surveillance technology in tracking vandalisation of its joint venture assets.

The Movement for the Survival of the Ogoni People (MOSOP) has declared that the Shell Petroleum Development Company of Nigeria Limited (SPDC) is no longer an acceptable company in Ogoniland.

Shell Petroleum Development Company of Nigeria (SPDC) Joint Venture says it loses about N202 million daily in revenue to activities of criminals in the Niger Delta.

Ten Nigerian graduates of business and information technology disciplines have completed a one-year specialised digital training and certification in financial accounting and project management while another set of 10 beneficiaries have commenced their training cycle in the programme sponsored by Shell Nigeria Exploration and Production Company (SNEPCo) in collaboration with SAP Nigeria.g