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Posts on ‘April 12th, 2017’

Malabu Scandal: Abacha’s son wants court to stop Nigerian govt, Shell, Agip from operating block

Malabu Scandal: Abacha’s son wants court to stop Nigerian govt, Shell, Agip from operating block

Malabu Oil and Gas Ltd. has asked an Abuja Division of the Federal High Court to stop the sale of a $13. 5 billion deep water project located in the controversial oil block, OPL 245.

The OPL 245, regarded as one of Africa’s richest oil blocks with an estimated over 9 billion barrels of crude, was controversially awarded to Malabu in 1998 by the then petroleum minister, Dan Etete who partly owned the company through a fictional character, Kwekwu Amafegha.

The block was controversially sold to oil giants, Shell and ENI, in 2011 with a large chunk of the $1.1 billion paid ending up in private pockets including those of Mr. Etete.

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Shell says Nigerian oil theft volume fell nearly 80 pct in 2016

Reuters | Apr 12, 2017, 04.10 PM IST

April 12 (Reuters) – ** Shell said the volume of oil stolen from its joint-venture operations in Nigeria fell to 5,600 barrels of oil per day (bpd) in 2016, the company said in its annual sustainability report

** This represents a 77.6-percent fall from 25,000 bpd in oil thefts in 2015 partly due to better air and ground surveillance and anti-theft mechanisms installed on equipment

** Shell said its Nigerian subsidiary Shell Petroleum Development Company (SPDC) had removed more than 880 theft points since 2012

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Royal Dutch Shell’s CEO Ben van Beurden hails “significant steps” taken to tackle climate change

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The hailed the progress made in recent years, such as the Paris Agreement, as marking a worldwide change in attitude in moving towards a low carbon economy.

In the opening remarks of the supermajor’s sustainability report for 2016, he describes how Shell is working to help meet the world’s growing demand for more and cleaner energy.

In his introduction, van Beurden said: “In 2016, the world took significant steps towards building a low-carbon energy future. The United Nations (UN) Paris Agreement and the UN’s sustainable development goals came into force, setting new targets for tackling climate change, promoting sustainable economic growth and providing access to modern energy.

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Shell Employs 92,000 Workers During 2016, Hires 800 Graduates

by  Rigzone Staff | Wednesday, April 12, 2017

Royal Dutch Shell employed an average of 92,000 workers in more than 70 countries during 2016, the company revealed in its 2016 sustainability report released Wednesday.

The company also stated that it recruited “around 800 graduates, 800 experienced professionals and 2,800 people” in its Shell Business Operations last year.

Close to 40 percent of graduate recruits came from universities outside of Europe and the Americas and around 40 percent of the firm’s total workforce is located in countries outside of Europe and North America, Shell highlighted in its latest report.

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