Shell trying to dodge blame for natural disaster by withdrawing from Nigeria: SOMO
9 months, 3 weeks ago

Shell trying to dodge blame for natural disaster by withdrawing from Nigeria: SOMO

NL Times  

Shell should not be allowed to withdraw from Nigeria until a solution is found for the environmental damage that the oil and gas company has inflicted there, according to the Centre for Research on Multinational Corporations. It was announced last month that Shell wants to sell its subsidiary company, Shell Petroleum Development Company, to a consortium of mainly local businesses for 1.3 billion dollars. Shell is selling their activities to a "complex labyrinth of companies and investors," the researchers state. "Shell has loaned money to a few of the companies and will buy the oil they produce." Shell has produced the "ultimate Houdini act," says SOMO director Audrey Gaughran.

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History of this topic

Activists urge Nigeria to delay Shell’s $2.4 billion sale of assets in deeply polluted Niger Delta
9 months, 3 weeks ago

Activists urge Nigeria to delay Shell’s $2.4 billion sale of assets in deeply polluted Niger Delta

Associated Press  

ABUJA, Nigeria — Local activists and international environmental groups want Nigeria’s government to delay approving the sale of oil company Shell’s onshore assets, claiming Shell is trying to shirk its environmental and social responsibilities in the highly polluted Niger Delta. Shell says the $2.4 billion divestment deal is part of a “wider reconfiguration of the Nigerian oil and gas sector.” …

Activists urge Nigeria to delay Shell's sale of assets in polluted region over environmental worries
9 months, 3 weeks ago

Activists urge Nigeria to delay Shell's sale of assets in polluted region over environmental worries

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Local activists and international environmental …

Shell will sell big piece of its Nigeria oil business, but activists want pollution cleaned up first
11 months, 1 week ago

Shell will sell big piece of its Nigeria oil business, but activists want pollution cleaned up first

Associated Press  

ABUJA, Nigeria — Shell said Tuesday it agreed to sell its onshore business in Nigeria’s Niger Delta to a consortium of companies in a deal worth $2.4 billion, the latest move by the energy company to limit its exposure in the West African nation amid long-running complaints of environmental pollution caused by the oil industry. “This agreement marks an important …

Shell loses £3.5bn as it seeks to quit Singapore but gas earnings soar
11 months, 2 weeks ago

Shell loses £3.5bn as it seeks to quit Singapore but gas earnings soar

Daily Mail  

Shell will take a hit of up to £3.5billion on its business in Singapore but said earnings from gas trading soared in the fourth quarter. In an update yesterday, it said it was facing writedowns of £2billion to £3.5billion for the final three months of 2023, mainly related to a refinery and ethylene plant on Singapore's Bukom and Jurong islands. …

Oil spill from Shell pipeline fouls farms and a river in a long-polluted part of Nigeria
1 year, 5 months ago

Oil spill from Shell pipeline fouls farms and a river in a long-polluted part of Nigeria

Associated Press  

ABUJA, Nigeria — A new oil spill at a Shell facility in Nigeria has contaminated farmland and a river, upending livelihoods in the fishing and farming communities in part of the Niger Delta, which has long endured environmental pollution caused by the oil industry. The National Oil Spill Detection and Response Agency, or NOSDRA, told The Associated Press that the …

Nigerians accuse Shell of delay in oil spill London lawsuits
1 year, 8 months ago

Nigerians accuse Shell of delay in oil spill London lawsuits

Firstpost  

London: Shell Plc is attempting to shield itself from scrutiny over pollution in Nigeria’s oil-producing Niger Delta, lawyers representing more than 13,000 Nigerians argued at London’s High Court on Tuesday, allegations which the company strongly denies. Shell’s proposal is “advanced as a device to shield from scrutiny”, Richard Hermer, a lawyer representing the claimants, said in court filings. However, Shell’s …

Shell to shell out 15 million euros as compensation over Nigerian oil spills
2 years ago

Shell to shell out 15 million euros as compensation over Nigerian oil spills

Firstpost  

The compensation money will benefit the communities of Oruma, Goi and Ikot Ada Udo in Nigeria, that were affected by four oil spills that occurred between 2004 and 2007 Amsterdam: Shell will pay 15 million euros to communities in Nigeria that have been affected by multiple oil pipeline leaks in the Niger Delta, the oil company said on Friday in …

Shell not meeting own sustainability goals: report
3 years, 2 months ago

Shell not meeting own sustainability goals: report

NL Times  

Shell will not meet their emission targets, a climate report showed. The Anglo-Dutch multinational oil and gas company was also far behind in a court judgment made in a case brought by environmental organization Milieudefensie. According to research agency Global Climate Insights, emissions will increase until 2030, instead of a mandatory reduction of 45 percent determined by the Dutch court. …

Shell pays 95 million in compensation for 1970 Nigerian oil spills
3 years, 4 months ago

Shell pays 95 million in compensation for 1970 Nigerian oil spills

NL Times  

Dutch oil and gas giant is paying 95 million euros in damages to Southern Nigerian communities for oil spills in 1970. This amount was determined by a Nigerian court years ago in a lawsuit that started in 2001 and Shell is now actually paying it out, the company confirmed to NOS. "It was a difficult period that led to significant …

Shell launches major cost-cutting drive to prepare for energy transition
4 years, 3 months ago

Shell launches major cost-cutting drive to prepare for energy transition

Hindustan Times  

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell is exploring ways to reduce spending on oil and gas production, its largest division known as …

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