Shell

Justice Binta Nyako of the Federal High Court in Abuja, on Tuesday, dismissed the preliminary objection by the Federal Government to stop the suit filed by the son of late military Head of State, Mohammed Abacha to reclaim ownership of Oil…

Norway will offer oil companies blocks in nine frontier areas in its latest licensing round, it said on Thursday, opening the way for a major expansion of exploration in the Arctic and drawing fierce criticism from environmental…

 As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is a red flag for some investors. Ten years ago, the world’s top…

By TAYO ELEGBEDE After two years and more than 40 hearing proceedings of the popular Malabu scandal, Eni has gathered fresh hopes that the truth can finally be re-established following the defensive arguments that will be presented at…

OMOTAYO ARAOYE The Suspension of the Economic and Financial Crimes Commission, (EFCC), Acting Chairman, Mr Ibrahim Magu could mark a setback in the fight against corruption in Nigeria, Global Coalition Against Corruption has told President…

Royal Dutch Shell (RDSa.L) on Tuesday said it will write $22 billion off the value of its assets after sharply lowering its oil and gas price outlook in the wake of the coronavirus pandemic. The decision also comes as the Anglo-Dutch…

For the first time since World War 2, Royal Dutch Shell RDSa. cut its dividend on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic. The company also suspended…

GILBERT EKUGBE With most economies of the world looking to gas as a clean and cheap source of energy, Shell Nigeria Gas Limited, has announced plans to establish various gas hubs across Nigeria. Besides, the oil giant stated that…

Oil majors including Exxon Mobil Corp. and Royal Dutch Shell Plc are facing uphill battles to convince U.S. courts to enforce multi-billion dollar arbitration awards they secured against Nigeria’s state oil company. The companies…

Lawyers representing former Nigerian oil minister Dan Etete told Reuters on Friday it was “incredible” that a court had issued a warrant for his arrest in relation to a $1.3 billion oil deal scandal nine years after it was struck.…