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
17 Nov 2021 16:02

UPDATE 3-Chevron, Exxon are among top spenders at Biden offshore auction

(Recasts, adds industry and environmentalist comments, details from sale, Biden FTC letter)By Nichola GroomNov 17 (Reuters) - U.S. oil majors Exxon Mobil Corp and Chevron Corp were among the top buyers at a federal auction of oil leases in the U.S...

Read more
17 Nov 2021 14:52

EXECUTIVE CHANGES: Deliveroo adds Flutter CEO to board; new Quarto CEO

EXECUTIVE CHANGES: Deliveroo adds Flutter CEO to board; new Quarto CEO

Read more
17 Nov 2021 10:07

UPDATE 1-LNG industry launches 'carbon neutral’ framework

(Adds context, rics to wider audience)By Susanna Twidale and Marwa RashadLONDON, Nov 17 (Reuters) - An international liquefied natural gas (LNG) body on Wednesday launched a framework for rules to declare cargoes carbon neutral as it seeks to make ...

Read more
17 Nov 2021 08:01

Russia's Rosneft acquires Shell's 37.5% stake in German refinery PCK Schwedt

MOSCOW, Nov 17 (Reuters) - Russian oil giant Rosneft has acquired Shell's 37.5% stake in German refinery PCK Schwedt, it said on Wednesday, exercising an option to buy and taking its shareholding to 91.67%.Italy's Eni holds a 8.33% stake in the re...

Read more
15 Nov 2021 18:56

North American natgas traders form company to better process trades

Nov 15 (Reuters) - A group of North American natural gas trading firms said on Monday they formed a new company called Eleox to manage post-trade processes more efficiently.The firms include units of BP PLC, Castleton Commodities International LLC...

Read more
15 Nov 2021 18:22

North Sea Crude-Forties steady, Brent diff edges lower

LONDON, Nov 15 (Reuters) - The North Sea Forties crude differential held steady on Monday while Brent slipped after two deals.* Royal Dutch Shell said on Monday it would scrap its dual share structure and move its head office to Britain from the ...

Read more
15 Nov 2021 17:10

LONDON MARKET CLOSE: Miners weigh on FTSE 100; Shell simplifies

LONDON MARKET CLOSE: Miners weigh on FTSE 100; Shell simplifies

Read more
15 Nov 2021 13:41

Shell shake-up leaves Dutch royally hacked off

By Toby SterlingAMSTERDAM, Nov 15 (Reuters) - Royal Dutch Shell's decision https://www.reuters.com/world/uk/shell-proposes-single-share-structure-tax-residence-uk-2021-11-15 to move its corporate headquarters and tax base to London may win over sha...

Read more
15 Nov 2021 12:37

GLOBAL MARKETS-Upbeat China data bolsters sentiment, oil tumbles

* China data lifts sentiment, boosts Aussie dollar* Sentiment in Europe tempered by rising COVID infections* Oil prices down more than 1%* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn* Graphic: World FX rates http://tmsnrt.rs/2egbfVh (...

Read more
15 Nov 2021 12:16

Shell to move head office to the UK, drop dual share structure

(Sharecast News) - Royal Dutch Shell is to overhaul its complex corporate structure, including shifting its headquarters to the UK and changing its name.

Read more
15 Nov 2021 12:04

LONDON MARKET MIDDAY: Caution sets in ahead of UK inflation, jobs data

LONDON MARKET MIDDAY: Caution sets in ahead of UK inflation, jobs data

Read more
15 Nov 2021 11:05

TOP NEWS SUMMARY: Shell simplifies; BBVA and Heineken buy

TOP NEWS SUMMARY: Shell simplifies; BBVA and Heineken buy

Read more
15 Nov 2021 10:43

UPDATE 2-European stocks clock fresh record highs; miners slide

* STOXX 600, DAX, CAC 40 hit record highs* Airbus boosts French stocks* BBVA drags down Spanish benchmark index (Adds comments, updates prices throughout)By Anisha Sircar and Shreyashi SanyalNov 15 (Reuters) - European shares hit another record peak...

Read more
15 Nov 2021 10:07

UPDATE 2-Cineworld, CMC markets help UK midcaps outperform bluechip FTSE 100

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Shell climbs on plans for single-share structure* CMC soars on plans to split into two* Cineworld jumps on box office revenue recovery* FTS...

Read more
15 Nov 2021 09:37

UPDATE 1-Dutch government 'unpleasantly surprised' by Shell HQ move to Britain

(Updates with details of Dutch tax issues)AMSTERDAM, Nov 15 (Reuters) - The Dutch government said on Monday it was "unpleasantly surprised" by news that Royal Dutch Shell PLC is planning to move its headquarters to London from The Hague."The Cabin...

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.