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Business/ ENERGY For a while, insinuations that certain oil companies operating in Nigeria engage in underhand activities in the process of carrying out their businesses had been rife. Emmanuel Addeh writes that the latest dust raised by Aiteo E&P’s accusation that Shell Petroleum Development Company (SPDC) wilfully carried out unfair dealings against it, has again brought the matter to the fore, highlighting that the indigenous oil concern appears to have a strong case against the international oil giant It started like the usual rumours, mostly unsubstantiated, of how the oil sector is ex...

14 Min Read (Reuters) - Bermuda and the Bahamas aren’t exactly big players in the oil-and-gas world. They don’t produce any of the fuels at all. Yet the islands are deep wells of profit for European oil giant Royal Dutch Shell Plc. FILE PHOTO: An oil tank truck fills the pumps at a Shell petrol station in Sao Paulo, Brazil, May 31, 2019. Picture taken May 31, 2019. REUTERS/Nacho Doce/File Photo In 2018 and 2019, Shell earned more than $2.7 billion - about 7% of its total income in those years - tax-free by reporting profits in companies located in Bermuda and the Bahamas that employed jus...