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Shell Loses Dutch Court Case Over Nigeria Oil Spills Bloomberg 1/29/2021 Diederik Baazil and Laura Hurst (Bloomberg) -- A Dutch court has ordered Royal Dutch Shell Plc’s Nigerian unit to compensate for oil spills in two villages over 13 years ago. Popular Searches Shell Nigeria is liable for damages from pipeline leaks in the villages of Oruma and Goi, the Hague Court of Appeals said in a ruling Friday. The amount of compensation will be decided later. The court also ordered the Nigerian unit and its Hague-headquartered parent company to build better warning systems so fut...

Shell sells OML 17 stake for $533mn Shell Petroleum Development Co. (SPDC) has sold its 30% stake in OML 17 to TNOG Oil and Gas, for $533 million. Updated: 19/01/2021, 1:26 pm Shell Nigeria Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up Shell Petroleum Development Co. (SPDC) has sold its 30% stake in OML 17 to TNOG Oil and Gas, for $533 million. SPDC said that $453mn was paid on completion with the remainder ...

Shell Petroleum Development Company Following the possession of Kidney Island by the Rivers State Government on Wednesday, Managing Director, SPDC and Country Chair of Shell Companies in Nigeria, Osagie Okunbor dismissed the action as “premature and unlawful”. Okunbor, dismissing “the purported takeover” of Kidney Island asset by Rivers Government said the state’s rights to the acquisition of the said assets is still a subject of ongoing appeals at the Court of Appeal sitting in Port Harcourt. Okunbor stated, “Any purported exercise of rights allegedly acquired through that proces...

Shell fumes as Rivers govt takes over Kidney Island On By Davies Iheamnachor The Rivers State government has sealed and taken over the ownership of Kidney Island from Shell Petroleum Development Company, SPDC. This was as the government secured the enforcement of its interest in the acquisition of 45 per cent equity stake in Oil Mining Lease, OML, 11, and the Island in Port Harcourt. However, SPDC has dismissed the claim by the state government that it has taken over the facility and interest of the oil giant in OML11, adding that the matter was still in court. Kelvin Ebiri,Special Assistant...

Next Einstein Forum announces 2019-2021 class of NEF Fellows 22nd Dec 2020    |    Source: African Media Agency The NEF Fellows program recognises Africa’s best young scientists and technologists. These innovators and emerging leaders, all under 42 years, at least 40 percent of whom are women, are chosen for their strong scientific record, the relevance of research or innovation, and potential for leadership. Meet the 2019-2021 class of NEF Fellows unveiled during the just concluded virtual edition of the NEF Global Gathering (NEF-GG) 2020. Selected from across Africa and the Diaspo...