Tag: Nigeria

US crude oil imports increased in 2016

US crude oil imports increased in 2016

OPEC’s share in 2016 was lower than in any year between 1973 Gross US crude oil imports in 2016 rose to an average of 7.9 million b/d, 514,000 b/d more than the 2015 average, according to the US Energy Information Administration. Net crude oil imports increased by a smaller amount (460,000 b/d), as US crude […]

New charges against Shell, Eni, others over 2011 Nigerian oilfield purchase

New charges against Shell, Eni, others over 2011 Nigerian oilfield purchase

Eni, Shell facing conspiracy, corruption charges Royal Dutch Shell, Eni and others are facing new corruption charges in the $1.3 billion purchase of an oilfield in 2011. Jonson Ojogbane, a senior prosecutor with Nigeria’s Economic and Financial Crimes Commission (EFCC) says the financial crime watchdog agency found new evidence during an investigation into the purchase of […]

Nigerian court to rule on March 13 on Shell, ENI dispute with authorities

Nigerian court to rule on March 13 on Shell, ENI dispute with authorities

Shell, ENI oilfield assets seized during corruption investigation By Camillus Eboh ABUJA, Feb 27 (Reuters) – A Nigerian court will rule on March 13 on a request by Royal Dutch Shell and Italy’s Eni to lift the temporary seizing of a long-disputed oilfield, a judge said on Monday. The court last month ordered the temporary seizing […]

By February 27, 2017 0 Comments Read More →
Shell and Eni ask Nigerian court to lift forfeiture on oilfield: documents

Shell and Eni ask Nigerian court to lift forfeiture on oilfield: documents

Shell, Eni assets seized last month by federal government By Camillus Eboh ABUJA, Feb 14 (Reuters) – Royal Dutch Shell and Italy’s Eni have asked a Nigerian court to lift a temporary forfeiture of a long-disputed oilfield, the firms said on Tuesday. A Nigerian court last month ordered the temporary forfeiture of assets and the […]

By February 14, 2017 0 Comments Read More →
Nigeria court orders temporary forfeiture of Shell, Eni oilfield in corruption probe

Nigeria court orders temporary forfeiture of Shell, Eni oilfield in corruption probe

Eni, Shell oilfield assets transferred to Nigerian government By Camillus Eboh ABUJA, Jan 26 (Reuters) – A Nigerian court has ordered the temporary forfeiture of assets and the transfer of operations of a long-disputed oilfield owned by Shell and Eni, among others, to the federal government, court papers showed. The court orders will last until […]

By January 26, 2017 0 Comments Read More →
Court rules Shell can’t be sued in London for Nigeria oil spills

Court rules Shell can’t be sued in London for Nigeria oil spills

Nigeria oil spills case can be brought to Nigerian courts By Karolin Schaps and Libby George LONDON, Jan 26 (Reuters) – Royal Dutch Shell cannot be sued in London over Nigeria oil spills, the High Court ruled on Thursday, in a setback to attempts to hold British multinationals liable at home for their subsidiaries’ actions abroad. […]

By January 26, 2017 0 Comments Read More →
Shell battles Nigerian communities in high-stakes London lawsuit

Shell battles Nigerian communities in high-stakes London lawsuit

Shell rules out settlement in Nigerian oil spill By Karolin Schaps and Libby George LONDON, Jan 6 (Reuters) – A court in London will decide in coming weeks whether Royal Dutch Shell can face trial in the UK over oil spill allegations in Nigeria, a decision some legal experts predict could attract more cases against multinationals […]

By January 6, 2017 0 Comments Read More →
Nigeria Exxon Mobil strike shuts offices after firings

Nigeria Exxon Mobil strike shuts offices after firings

Nigeria Exxon was in talks with union concerning voluntary redundancies: Union LAGOS, Dec 16 (Reuters) – Striking workers have shut down Nigeria Exxon Mobil Corp’s headquarters in Lagos after more than 100 employees were fired, a labour union said on Friday. Employees went on strike after Exxon Mobil on Monday began to issue letters to around 150 […]

By December 16, 2016 0 Comments Read More →
NNPC reaches a deal to pay $5.1 billion in unpaid bills to oil majors

NNPC reaches a deal to pay $5.1 billion in unpaid bills to oil majors

NNPC will pay $5.1 billion over five years, interest free By Felix Onuah ABUJA, Nov 17 (Reuters) -The Nigerian National Petroleum Corporation (NNPC) has reached a deal to pay $5.1 billion in unpaid bills to oil majors including Royal Dutch Shell and Exxon Mobil, the minister of state for oil said on Thursday. The OPEC member’s state […]

By November 17, 2016 0 Comments Read More →
Niger Delta Avengers claim attack on Nembe Creek pipeline

Niger Delta Avengers claim attack on Nembe Creek pipeline

Niger Delta Avengers resumed attack due to continued army presence By Alexis Akwagyiram and Libby George LAGOS/LONDON, Nov 15 (Reuters) – Nigerian militant group Niger Delta Avengers (NDA) said on Tuesday it had attacked the Nembe Creek Trunk Line pipeline in the southern Niger Delta in a blow to the government’s efforts to quell militancy in […]

By November 15, 2016 0 Comments Read More →