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Shell Nigeria is the common name for Shell plc's Nigerian operations carried out through four subsidiaries—primarily Shell Petroleum Development Company of Nigeria Limited (SPDC). [2] Royal Dutch Shell's joint ventures account for more than 21% of Nigeria 's total petroleum production (629,000 barrels per day (100,000 m 3 /d) (bpd) in 2009).
On June 8, 2009, Shell settled out-of-court with the Saro-Wiwa family for $15.5 million. [2] [3] Ben Amunwa, director of the Remember Saro-Wiwa organization, said that "No company, that is innocent of any involvement with the Nigeria military and human rights abuses, would settle out of court for 15.5 million dollars. It clearly shows that they ...
Oil has moved up the past two trading days, to a large extent because of a rebel attack on part of the Shell pipeline system in Nigeria. Bloomberg reports "the strike targeted two well clusters in ...
Pipeline attacks had become common during the insurgency in the Niger Delta, but ended after the government on June 26, 2009, announced that it would grant amnesty and an unconditional pardon to militants in the Niger Delta which would last for 60 days beginning on August 6, 2009, ending October 4, 2009. Former Nigerian President Umaru Musa Yar ...
Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued the West African ...
Royal Dutch Shell PLC (NYS: RDS.A) announced on Monday that it would shut down one of its major pipelines in Nigeria, Africa's largest oil producer, The Associated Press has reported. The ...
Namely the role of the government, violent attacks by militants on Shell employees and installations, the role of international pressure groups that prefer to target Shell and other MNEs rather than the less responsive Nigerian government. And so on. Stepopen 16:06, 10 June 2009 (UTC)
Royal Dutch Shell hasn't had the best experience in Nigeria, where oil spills, theft, and vandalism have cost the company as much as 100,000 barrels of oil per day in lost production. To rectify ...