The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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

UPDATE 1-Nigeria LNG exports blocked over tax dispute

Sat, 22nd Jun 2013 17:39

ABUJA, June 22 (Reuters) - Nigeria is being prevented fromexporting liquefied natural gas (LNG) after a maritime securityagency blocked and detained ships over a tax dispute, thestate-LNG company (NLNG) said on Saturday.

The Nigerian Maritime Administration and Safety Agency(NIMASA) on Friday stopped an LNG tanker from leaving the exportterminal and prevented another from entering, NLNG said.

NIMASA also issued ship detention orders on Saturday forthree LNG vessels, the state firm said. NIMASA did notimmediately respond to request for comment.

The Nigerian National Petroleum Corporation owns 49 percentof NLNG with Shell holding 25.6 percent, Total 15 percent and Eni 10.4 percent.

"The potential implications of this current action by NIMASAon NLNG operations are enormous," a statement from NLNG said.

"(It) impacts negatively on international LNG buyers, theinternational financial market ... its shareholders and theinvestment climate in Nigeria," it added.

LNG exports were delayed for two days in May by NIMASA,which says Nigeria LNG has not been paying enough tax.

NLNG says it subsequently paid NIMASA $20 million to keepexports flowing and went to court to fight against paying whatit says are unlawful levies.

Nigeria ships over 250 cargoes of LNG a year, contributingaround 7 percent of global supply and accounting for 4 percentof GDP in Africa's second largest economy, NLNG says.

More News
26 Nov 2021 09:02

LONDON MARKET OPEN: Stocks plunged into red as new Covid variant grips

LONDON MARKET OPEN: Stocks plunged into red as new Covid variant grips

Read more
25 Nov 2021 07:44

UPDATE 2-Oil trader Vitol snaps up UK's Vivo Energy in $2.3 bln deal

* Vitol to buy Vivo for $1.85 per share* Vivo shares jump 21%* Top investor Vitol to buyout Helios too (Adds shares, context, background)By Yadarisa ShabongNov 25 (Reuters) - Commodities trader Vitol will buy Britain's Vivo Energy in a deal valued ...

Read more
24 Nov 2021 16:58

LONDON MARKET CLOSE: FTSE 100 continues outperforming on oil strength

LONDON MARKET CLOSE: FTSE 100 continues outperforming on oil strength

Read more
24 Nov 2021 14:48

UPDATE 1-Dogger Bank in long-term wind power deal with Danske Commodities, Shell and Centrica

(Updates with other companies signing contracts)COPENHAGEN/LONDON, Nov 24 (Reuters) - Britain's Dogger Bank, which is expected to become the world's largest wind farm, has secured long-term deals with Danish energy trading company Danske Commoditi...

Read more
24 Nov 2021 12:37

Shell ponder biofuels plant to meet rising Asian aviation demand

By Florence TanSINGAPORE, Nov 24 (Reuters) - Global major Royal Dutch Shell may build a biofuels plant in Singapore to meet the region's rising demand for sustainable aviation fuels (SAF), the head of its downstream business said on Wednesday.The ...

Read more
24 Nov 2021 11:05

Shell lifts force majeure on Bonny Light crude loadings

LONDON, Nov 24 (Reuters) - The Nigerian subsidiary of Royal Dutch Shell, SPDC, lifted force majeure on Bonny Light crude oil loadings on Monday, a spokesperson said on Wednesday.Shell had declared force majeure on loadings at the end of October af...

Read more
24 Nov 2021 10:44

LONDON BROKER RATINGS: Barclays ups Hochschild Mining after price fall

LONDON BROKER RATINGS: Barclays ups Hochschild Mining after price fall

Read more
24 Nov 2021 09:13

LONDON MARKET OPEN: US President Biden unable to stop rising oil price

LONDON MARKET OPEN: US President Biden unable to stop rising oil price

Read more
23 Nov 2021 17:01

LONDON MARKET CLOSE: FTSE 100 avoids Europe malaise as oil prices jump

LONDON MARKET CLOSE: FTSE 100 avoids Europe malaise as oil prices jump

Read more
23 Nov 2021 10:50

Shell launches shareholder talks to win backing for HQ move, sources say

* Shell sets up dozens of meetings with investors* Proxy advisory Glass Lewis recommends support* Move will see Shell HQ and tax base shifting to UKBy Ron BoussoLONDON, Nov 23 (Reuters) - Royal Dutch Shell has launched talks with investors to secure...

Read more
23 Nov 2021 10:30

UPDATE 2-Shell halves Singapore refining capacity, to change chemical feedstock

* Pulau Bukom refinery capacity cut by half* Shell tests pyrolysis oil, bionaphtha feedstock* Company considers carbon capture, biofuels (Adds details)By Florence TanSINGAPORE, Nov 23 (Reuters) - Royal Dutch Shell has halved https://www.reuters.com...

Read more
23 Nov 2021 10:27

LONDON BROKER RATINGS: Hochschild Mining hit with three downgrades

LONDON BROKER RATINGS: Hochschild Mining hit with three downgrades

Read more
23 Nov 2021 09:34

UPDATE 2-Commodity-linked shares lift FTSE 100, AO World plummets on shortages warning

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* European stocks hit by renewed fears around COVID-19* River and Mercantile Group rises on two takeover approaches* FTSE 100 up 0.3%, FTSE ...

Read more
23 Nov 2021 09:30

Kremlin calls new U.S. sanctions linked to Nord Stream 2 illegal

MOSCOW, Nov 23 (Reuters) - The Kremlin on Tuesday said new sanctions imposed by the United States in connection with the Nord Stream 2 gas pipeline were illegal and wrong, especially at a time when Moscow and Washington are attempting to rebuild ...

Read more
23 Nov 2021 09:15

CORRECTED-UPDATE 1-Shell halves Singapore refining capacity, to change chemical feedstock

(Corrects to remove reference that suggests pyrolysis oil is not an oil-based hydrocarbon in paragraph 7)* Pulau Bukom refinery capacity cut by half* Shell tests pyrolysis oil, bionaphtha feedstock* Company considers carbon capture, biofuelsBy Flore...

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.