N69 51bn, $5 31bn still unrecovered from oil industry operators — NEITI vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
QGC Common Facilities Company has completed the sale of a 26.25 percent interest in the Queensland Curtis LNG Common Facilities to Global Infrastructure Partners Australia for $2.5 billion.
Shell’s (NYSE: RDS.A) wholly owned subsidiary, QGC Common Facilities Company Pty Ltd, has revealed that it has completed the sale of a 26.25 percent interest in the Queensland Curtis LNG (QCLNG) Common Facilities to Global Infrastructure Partners Australia for $2.5 billion.
The sale, which was first announced on December 21, 2020, is consistent with Shell’s strategy of selling non-core assets in order to further high-grade and simplify its portfolio, Shell noted. Shell said the sale will contribute to its expected divestment proceeds, without impact on people or the operations of the QCLNG venture.
The UK Supreme Court issued its highly anticipated judgment in Okpabi and others v Royal Dutch Shell Plc and another [2021] UKSC 3 on 12 February 2021, following its findings in Vedanta.
This article discusses the significant Supreme Court decision in Okpabi v Royal Dutch Shell Plc(1) which considered parent company liability. This decision on jurisdiction provides helpful guidance on the circumstances in which a UK-domiciled parent company may owe a common law duty of care in respect of the actions of a foreign subsidiary.
Facts
The claimants, comprised of 42,355 individuals from the Niger Delta region, brought a claim in negligence against Royal Dutch Shell (RDS), incorporated in England, and one of its Nigerian subsidiaries, Shell Petroleum Development Company of Nigeria Ltd (SPDC).
In summary, the claimants alleged that they had suffered substantial environmental damage as a result of oil spills and pollution from pipelines operated by SPDC in Nigeria, such that natural water sources used for drinking water, fishing, agricultural, washing or recreational purposes were no longer safe to use. The claimants argued that RDS owed them a common law duty of care on
Good News: Wegweisendes Urteil zu Shell in Grossbritannien — amnesty ch amnesty.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from amnesty.ch Daily Mail and Mail on Sunday newspapers.