AFRICANGLOBE - The price of oil may have fallen off a cliff recently, but that has not deterred energy giants like Exxon Mobil, Royal Dutch Shell, BP and Chevron from reactivating plans to drill in Somalia.
AFRICANGLOBE - 39-year-old Nigerian oil trader, Igho Sanomi is set to acquire Royal Dutch Shell’s highly productive oil block, Oil Mining License 29 (OML 29) for $2.5 billion as the company continues divesting its assets in Nigeria.
AFRICANGLOBE - Despite Nigeria's abundant oil wealth, Nigerians remain amongst the world's poorest people. In a country that continues to be plagued by corruption, the need for citizen oversight of payments to governments for their natural resources is as important as ever.
AFRICANGLOBE - Oil major Royal Dutch Shell has revealed plans by its Nigerian joint venture to inject $3.9 billion in the country’s oil-rich Niger Delta region. It said this included an attempt to advance the protection of a pipeline that was closed down this week.
AFRICANGLOBE - On the initiative of a young Winston Churchill, the British government had taken a stake in BP and the Royal Navy switched its fuel from coal to oil. With fuel-hungry ships, planes and tanks, oil became "the blood of every battle".
AFRICANGLOBE - The decision by The Hague over Shell's liability for polluting in the Niger Delta shows that justice is possible - but it is extremely hard to achieve if you are taking on a massive multinational, says Amnesty International's Africa programme director Audrey Gaughran.
AN industry watchdog, Platform of London has accused Royal Dutch Shell, the parent company of Shell Petroleum Development Company of Nigeria (SPDC) of funding armed gangs, which had fuelled human rights abuses in Nigeria.
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