Italy’s Supreme Court threw out an appeal from Shell and four former Shell managers to stop a trial on alleged corruption in Nigeria, which also sees Eni’s chief facing charges, legal sources said Wednesday.
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“Security in parts of the Niger delta remains a major concern with persisting incidents of criminality, kidnapping and vandalism as well as onshore and offshore piracy,” said Igo Weli, general manager for external relations at Royal Dutch Shell Plc’s local unit.
The warning underlines the...
The trial of top executives from two oil majors, Eni and Shell, over alleged corruption in Nigeria started on Monday with a brief procedural hearing and a decision to re-adjourn to next month.
The trial, which was initially scheduled to begin on March …
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Report indicating a worsened operational environment in Nigeria’s upstream oil sector, Royal Dutch Shell Plc, the parent company of Shell Company in Nigeria, said crude oil theft from its pipeline networks in Nigeria rose by 50 percent to 9,000 barrels of oil a day (b/d) in 2017, from about...
Chief executive officer of Royal Dutch Shell, Ben van Beurden, has said the company would be investing between $1-2 billion on annual basis in new energies and buying back at least $25 billion in shares, while ramping up focus on improving safety performance of its facilities and doubling its …...
Shell has appointed Peter Costello as the new Vice President for Nigeria and Gabon.
Costello succeeds Markus Droll who assumes a new role of Executive Vice President, Projects in Shell International based in Rijswijk, The Netherlands; THIS DAY reports.
Commenting on his new appointment...
The Nigerian Liquefied Natural Gas Ship Management Limited, a subsidiary of the Nigeria LNG Limited, has slash Seafarers salaries by 50 per cent with effect from September 1.
The decision is said to be in response to the more than 60 per cent reduction in the company’s revenues occasioned by...
nigeria oil and gas industries
Royal Dutch Shell, the largest oil producing company in Nigeria, which has suffered series of attacks on its 48-inch Forcados export pipeline that links onshore storage tanks with an offshore port, has ruled out the repair of the pipeline for now.
The Chief Financial Officer of Royal Dutch...
Oil giant Shell has been dragged into a corruption probe linked to a major offshore deal in Nigeria, the company confirmed on Wednesday.
According to AFP, following revelations in the Italian media, the Anglo-Dutch oil multinational said that its offices had been “visited” by anti-fraud...
malabu oil probe
Royal Dutch Shell has confirmed it is cutting 10,000 jobs amid its steepest fall in annual profits for 13 years, BBC reports.
Its chief executive, Ben van Beurden, said the company would take further action if necessary: "Shell will take further impactful decisions to manage through the oil...
In face of the economic hardship and global crisis, various reports indicated that Nigeria has lost billions of dollars because of the 10-year tax break given to Shell, Total and Eni, three of the world’s biggest oil and gas companies.
That staggering $3.3bn (£2.3bn) revenue loss, in a country...
Operatives of the Economic and Financial Crimes Commission last Tuesday arrested Jide Omokore, an ally of former president, Goodluck Jonathan, and Chairman of Atlantic Energy Drilling Concepts Nigeria Limited in connection with a series of multi-billion dollar petrol import and crude export...
The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has moved to prevent the sacking of over 18,500 workers at oil companies to extend to Nigeria.
A statement by its President, Mr. Igwe Achese, insisted that the union was worried and concerned about the purported sack threat of...