Shell Petroleum Development Company (SPDC) has formally handed over its equity in OML 29 to an indigenous Oil and Gas firm in Nigeria, Aiteo. In a statement, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Joseph Dawha said it was a step forward in the quest of the government to develop the capacity of Nigerians and Nigerian companies to … [Read more...] about Shell hands over equity to Nigerian oil firm
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Shell agrees to pay $84-million for oil spill in Niger Delta
Royal Dutch Shell has agreed a multi-million-dollar settlement to compensate 15 600 Nigerian fishermen over two serious oil spills in 2008 after a three-year legal battle, both parties announced Wednesday. The Anglo-Dutch energy giant's Nigerian arm has agreed to pay £55-million ($83.5-million, 70 million-euros) to people in Bodo, a town in southern Nigeria, Shell and the … [Read more...] about Shell agrees to pay $84-million for oil spill in Niger Delta