Friday, November 22, 2024

Shell Petroleum Development Company News

Nigerians Pursue Shell Spill Case in the UK

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The Supreme Court in London will hear an appeal by Nigerian farmers and fishermen to pursue claims in England against oil major Shell over oil spills in the Niger Delta, lawyers for the two affected communities said on Wednesday.The decision to hear the appeal re-opens the possibility for…

Shell: Nigeria's Bonny Light Still Under Force Majeure

Royal Dutch Shell said on Wednesday a declaration of force majeure remained in place on shipments of Nigerian Bonny Light crude oil, while exports at the Forcados shipping hub were running as normal. Shell's Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Ltd (SPDC), said…

UK Court: Nigerians Cannot Pursue Shell Claim in England

The Court of Appeal in London ruled on Wednesday that two Nigerian communities cannot pursue Royal Dutch Shell in English courts over oil spills in Nigeria's Delta region. The split decision upheld a High Court ruling last year that was a setback to attempts to hold British multinationals liable at home for their subsidiaries' actions abroad.

Nigeria's State Oil Company Signs Deals with Chevron, Shell

Nigeria's state oil company said on Thursday it had signed agreements with Chevron and Shell to boost crude production and reserves. The Nigerian National Petroleum Corporation (NNPC) said a joint venture agreement with Chevron Nigeria Limited would see the development of proven and probable reserves of 211 million barrels.

Shell Shuts Bonny Light Pipeline to Stop Thefts

The Nigerian subsidiary of Royal Dutch Shell Plc said it had shut down the Nembe Creek Trunk Line, which exports Bonny Light crude oil, in order to remove theft points. The line, operated by Aiteo, is one of two along with the Trans Niger Pipeline that carries Bonny Light crude oil to the export terminal.

Aiteo Growing O&G Production in Nigeria

Photo: Aiteo Group

Integrated energy group Aiteo has announced a peak production of 90kpod a year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29. Aiteo acquired OML 29 in September, 2015 when oil major Shell Petroleum Development Company (SPDC) fully exited the facility. At the time of the divestment, average production was 23Kbpod.

Shell Battles Nigerian Communities in High-stakes Lawsuit

Nigerian communities say domestic courts unfit to try case. 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 in Britain.

Shell Nigeria Declares Force Majeure on Bonny Light Crude Liftings

Shell's Nigerian unit has declared force majeure for Bonny Light crude grade liftings due to a shutdown of a pipeline in the Niger Delta following a leak, a statement said on Friday. "SPDC declared force majeure on Bonny Light liftings effective 1000hrs (Nigerian Time) today due to shutdown of the Nembe Creek Trunk Line (NCTL) by the pipeline operator…

Shell: Force Majeure on Nigerian LNG

Shell Petroleum Development Company has declared force majeure (FM) on gas supplies to the Nigeria Liquefied Natural Gas (LNG) export facility on Bonny Island, a spokeswoman said. "The Shell Petroleum Development Company of Nigeria Ltd (SPDC) declared force majeure on gas supply to NLNG on 8 August 2016…

Nigerian Militants Threaten "zero" output with new Attacks

Four grades of Nigeria oil under force majeure; violence shows little sign of abating. The Niger Delta Avengers militant group claimed three new attacks on the country's battered oil infrastructure overnight, promising to bring Nigeria's oil production to "zero". The attacks are the latest…

Shell Says Gas Supplies to Nigeria LNG Reduced Due to Oil Pipeline Issues

Photo: Shell

Shell on Friday said gas supplies to Nigeria's LNG export terminal on Bonny Island had been reduced due to the shutdown of a major oil pipeline in the country caused by a leak and theft. The reduction may impact liquefied natural gas exports from the facility. Shell's Nigerian unit, Shell Petroleum Development Company (SPDC)…

Shell Offers $51m to Settle 2011 Nigeria Oil Spills

Royal Dutch Shell is ready to pay up to 30 million pounds ($51 million) in compensation for two oil spills in Nigeria in 2008 after a London court rejected a larger claim, sources involved in the case said on Friday. Around 11,000 residents of the Bodo community in the Niger Delta represented…

Shell Offers $51M to Settle Nigeria Oil Spills

Royal Dutch Shell is ready to pay up to 30 million pounds ($51 million) in compensation for two oil spills in Nigeria in 2008 after a London court rejected a larger claim, sources involved in the case said on Friday. Around 11,000 residents of the Bodo community in the Niger Delta represented…

Shell Lifts Force Majeure on Nigeria's Forcados Crude Oil Stream

Shell has lifted a force majeure on exports of Nigeria's Forcados crude oil stream that had been in place for more than two months, the company said on Tuesday. "The Shell Petroleum Development Company Joint Venture lifted the force majeure on exports from Forcados Terminal effective 18:00 Nigerian time yesterday, July 13, 2015," Shell said in a statement.

Shell Announces Nigerian Spill Settlement

Shell’s Nigerian subsidiary agrees £55 million settlement with the Bodo community. Shell’s Nigerian subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), has announced a £55 million settlement agreement with the Bodo community in respect of the two highly regrettable operational spills in 2008.