Shell’s Annual Payment To Nigerian Govt Hits Six-year Low       The payment made to the Federal Government by Shell companies in Nigeria plunged by 42.45 per cent in 2020 to the lowest in six years. Royal Dutch Shell said on Wednesday that its subsidiaries in Nigeria paid...

Malabu: FG Asks Eni, Shell To Pay $1.92bn Damages         The Federal Government asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $1.09bn as an immediate advance payment for damages it is claiming in one of the oil industry’s biggest-ever...

Oil Crash Threatens Nigeria’s Gas Flaring Reduction     The oil price crash brought on by the coronavirus pandemic looks set to put a damper on gas flaring reduction efforts in the country as oil firms cut capital spending. International and indigenous oil firms operating in the country...

Shell Cuts Dividend For First Time Since World War Two     Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic. Shell...

COVID-19: Oil Majors Slash 2020 Spending By 18%   The world’s biggest oil and gas companies are slashing capital spending this year following a collapse in oil prices driven by a slump in demand because of coronavirus and a price war between the Saudi Arabia and...

Shell Income Drops By $7.5bn   Royal Dutch Shell has recorded a drop of $7.5 billion in its income. The oil giant’s 2019 yearly report showed that its income in 2019 was $16.4 billion, down from $23.9 billion in 2018. Also the company’s earnings on a current...