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Farooq

Posts Tagged "shell"

HomePosts Tagged "shell"
  • Shell

Shell Petroleum Development Company (SPDC) says it remitted $29.8 billion to the federation account and $1.2 billion to Niger Delta Development Commission (NDDC) between 2002 and 2016. Igo Weli, the company’s general manager, external relations, said this on Monday while speaking to journalists in Port Harcourt. He was reacting to the shut down of SPDC […]

  • Shell

The Nigerian Government is said to have received the sum of $3.7 billion in taxes and royalties, from Anglo-Dutch Shell Group. The sum represents the highest payment made to any single government among the Shell 31 countries of operations, according its latest Global Report for 2016. The total payments could have paid in excess of […]

  • Shell

Femi Asu The royalties and corporate taxes paid by Shell to the Nigerian government last year increased to $1.4bn from $1.1bn in 2015 on the back of the rise in crude oil prices, while the Shell Petroleum Development Company-operated joint ventures alone contributed $29bn to the federation’s purse between 2012 and 2016. The royalties and […]

  • Shell

Oil giant, Royal Dutch Shell, has announced plans to invest about 25 billion dollars this year in Nigeria and all its oil and gas operation across the world. Shell made the announcement in its first quarter 2017 financial results released on Thursday. The report revealed that Shell netted an income of 2.2 billion dollars and […]

  • Shell

By Libby George LONDON, April 11 (Reuters) – Royal Dutch Shell has said it knew that some of the payments it made to Nigeria for the rights to an oilfield would go to Malabu Oil and Gas, a company associated with a former Nigerian oil minister and convicted money launderer. Shell spokesman Andy Norman said […]

  • Shell

By Camillus Eboh ABUJA Feb 14 (Reuters) – Royal Dutch Shell and Italy’s Eni have asked a Nigerian court to lift a temporary forfeiture of a long-disputed oilfield, the firms said on Tuesday. A Nigerian court last month ordered the temporary forfeiture of assets and the transfer of operations of the OPL 245 field owned […]

  • Shell

ABUJA Dec 13 (Reuters) – Nigeria’s lower house opened an investigation on Tuesday into an offshore oil field owned by Royal Dutch Shell and Eni, the latest inquiry into their acquisition of the OPL 245 licence block which could hold up to 9.23 billion barrels of oil, according to industry figures. Earlier this year the […]

  • Kachikwu

By Felix Onuah ABUJA Nov 17 (Reuters) – Nigeria has reached a deal to pay $5.1 billion in unpaid bills to oil majors including Royal Dutch Shell and Exxon Mobil, the minister of state for oil said on Thursday. The Nigerian National Petroleum Corporation (NNPC), the OPEC member’s state oil firm, has amassed a total […]

  • Shell

By Anamesere Igboeroteonwu and Libby George ONITSHA/LONDON, Nigeria Nov 9 (Reuters) – Royal Dutch Shell has shut down an Escravos crude oil flow station in Nigeria’s Niger Delta after villagers demanding aid staged a protest, the firm and residents said on Wednesday. The oil major said the flow station on the pipeline operated by its […]

  • Shell

The Federal Government is demanding $406.75 million from Shell Petroleum Development Company of Nigeria Limited and its subsidiary, Shell Western Supply & Trading Limited, over alleged crude oil theft. The amount, according to court documents presented in Lagos on Tuesday, represents the shortfall of the money the multinational oil firm paid into the Federal Government […]