Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Nigerian Shell employees orchestrated oil spills for own profit-Dutch TV

Thu, 10th Dec 2020 08:51

By Bart H. Meijer and Anthony Deutsch

AMSTERDAM, Dec 10 (Reuters) - Employees at Royal Dutch
Shell's Nigerian joint venture orchestrated damage to oil
pipelines to profit from the money spent on clean-up operations,
Dutch investigative TV programme Zembla reported on Thursday.

Employees of Shell Petroleum Development Company of Nigeria
(SPDC) recruited local youth to sabotage the pipelines and then
hired them back as workers to clean up the mess, the report
said, citing research by Dutch environmental group
Milieudefensie.

Shell's SPDC said it investigates all credible reports of
misconduct and takes action where needed.

"As of now, we are not aware of any staff or contractor
having been involved in acts causing oil spills in the Niger
Delta", it said in a reaction sent to Reuters via Shell's Dutch
head office.

The Dutch Foreign Ministry did not respond to a request for
comment.

Shell officials and the Dutch ambassador to Nigeria were
made aware of the matter by local leaders in 2018, but did not
act on those warnings, Zembla said.

Milieudefensie said in a statement on Thursday its research
centred on on the village of Ikarama, where it said there had
been 30 spills in the last 13 years. "The majority of the leaks
in Ikarama were the result of instructions given by Shell
Nigeria employees," it said.

The profit made on the cleaning operations was split between
SPDC employees and the youths, Zembla said, citing statements
provided to police and Nigeria's Ikarama Youth Council by
witnesses and people who said they or their family members had
taken part.

The programme did not provide any figures on how much profit
was allegedly made.

Pipeline sabotage is a major source of pollution in the
Niger Delta.

In 2019, Royal Dutch Shell's onshore Nigeria subsidiary said
it had seen a 41% rise in the number of crude oil spills caused
by theft or pipeline sabotage.

Of a total 164 SPDC spills of more than 100 kilograms in the
delta, 157 were from theft and sabotage, Shell said.

SPDC is a joint venture of the Nigerian National Petroleum
Corporation (NNPC), which holds a 55% stake, Shell, its
operator, with 30%, France's Total with 10% and
Italy's Eni with 5%.

It produces around 1 million barrels of oil per day and
operates more than 6,000 kilometres of pipelines in the delta.
(Reporting by Bart Meijer and Anthony Deutsch; editing by
Barbara Lewis)

More News
3 Dec 2021 10:19

Shell wins court case to start seismic surveys offshore South Africa

CAPE TOWN, Dec 3 (Reuters) - A South African high court on Friday struck down an urgent application brought by environmentalists to stop oil major Royal Dutch Shell starting seismic surveys to explore for petroleum systems off the eastern seaboar...

Read more
3 Dec 2021 09:44

LONDON BROKER RATINGS: Jefferies ups SSE, AJ Bell; Deutsche likes BP

LONDON BROKER RATINGS: Jefferies ups SSE, AJ Bell; Deutsche likes BP

Read more
3 Dec 2021 08:43

LONDON MARKET OPEN: Stocks rebound on oil and travel; US jobs ahead

LONDON MARKET OPEN: Stocks rebound on oil and travel; US jobs ahead

Read more
2 Dec 2021 18:54

UPDATE 2-Shell scraps plans to develop Cambo North Sea oilfield

(Adds detail)By Ron Bousso and Shadia NasrallaLONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists seeking to ...

Read more
2 Dec 2021 18:54

UPDATE 1-Shell scraps plans to develop Cambo North Sea oilfield

(Adds Siccar Point statement, background)LONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo North Sea oilfield, which became a lightning rod for climate activists seeking to halt Britain's devel...

Read more
2 Dec 2021 18:54

UPDATE 3-Shell scraps plans to develop Cambo North Sea oilfield

(Adds investor comment)By Ron Bousso and Shadia NasrallaLONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists s...

Read more
2 Dec 2021 18:02

Shell and partner scrap plans to develop North Sea oilfield

LONDON, Dec 2 (Reuters) - Royal Dutch Shell and Siccar Point have decided not to go ahead with the development of the Cambo oilfield in the British North Sea due to a weak economic case, Shell said on Thursday."After comprehensive screening of the...

Read more
2 Dec 2021 17:05

LONDON MARKET CLOSE: Stocks fall as Omicron variant fears mount

LONDON MARKET CLOSE: Stocks fall as Omicron variant fears mount

Read more
2 Dec 2021 12:03

LONDON MARKET MIDDAY: Europe hit by Omicron but Wall Street to rebound

LONDON MARKET MIDDAY: Europe hit by Omicron but Wall Street to rebound

Read more
2 Dec 2021 10:08

UPDATE 2-European stocks fall as Omicron worries rattle investors

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* STOXX 600 gives back a chunk of Wednesdays gains* Apple suppliers hit by report on slowing demand* Vifor Pharma surges on takeover speculat...

Read more
2 Dec 2021 08:31

SSE and Equinor to proceed with $4 bln Dogger Bank C offshore wind farm

OSLO, Dec 2 (Reuters) - British utility SSE and Norwegian energy company Equinor have secured financing to proceed with the construction of the 3 billion pound ($3.98 billion) Dogger Bank C offshore wind farm in Britain, the companies said on Thu...

Read more
2 Dec 2021 07:03

Shell launches $1.5bn buyback from Permian sale

(Sharecast News) - Royal Dutch Shell has launched a $1.5bn share buyback as the first stage of returning cash to shareholders from the sale of its Permian business in the US.

Read more
1 Dec 2021 12:10

German oil lobby seeks net zero CO2 emissions by 2045

FRANKFURT, Dec 1 (Reuters) - Germany's oil industry will aim for net zero carbon emissions by 2045, moving away from fossil fuel to low carbon products such as biofuels and renewable energy-derived hydrogen, the industry's lobby group en2x said on...

Read more
1 Dec 2021 12:10

LONDON MARKET MIDDAY: IAG and Whitbread lead Omicron rebound

LONDON MARKET MIDDAY: IAG and Whitbread lead Omicron rebound

Read more
1 Dec 2021 08:54

LONDON MARKET OPEN: Omicron fears ease again but uncertainty lingers

LONDON MARKET OPEN: Omicron fears ease again but uncertainty lingers

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.