SHELL is facing a possible revolt at its annual meeting this week after a leading shareholder advisor said investors should oppose the pay packet for its executives. It comes as the oil giant faces questions on its strategy after reports it is weighing up a takeover bid for rival BP. Ahead of the meeting … Read more
SHELL is facing a pivotal court battle in London’s High Court, as thousands of Nigerians from the Ogale and Bille communities seek justice for decades of oil spills in the Niger Delta. The lawsuit, reported by Reuters, could have far-reaching implications for corporate accountability. Speaking outside the Royal Courts of Justice on Thursday, King Godwin Bebe … Read more
EXECUTIVE Director of Oil Spill Victims Vanguard (OSPIVV), Harrison Jalla, has accused the Shell Trading and Shipping Company Limited (STATSCO) and its partners of diverting $1 billion insurance indemnity pollution claim intended for victims and communities in the Niger Delta impacted by the 2011 Bonga Oil Spill. The allegation was contained in a suit numbered … Read more
NIGERIA has taken a significant step in monetising its extensive gas reserves by signing a deal with joint venture partners to supply gas to the planned $3.5bn Brass fertiliser and petrochemical plant. The plant is to be built in Brass, Bayelsa State, Nigeria’s coastal region, officials said on Friday. The agreement includes major global … Read more
NIGERIAN communities in the Niger Delta are seeking 505 billion naira ($310 million) in damages from oil giant Shell, accusing the company of breaching a court order by proceeding with the sale of its onshore assets. The communities claim that Shell violated a court ruling that suspended any asset sale until a compensation lawsuit … Read more