A half-century later, the villagers live in poverty while oil giants have carted off the riches from beneath their feet and officials head overseas for health care and recreation.
July 5th, 2008:
Nigeria’s first oil well is still source of woe
Shell fails to block agency’s legal action
Shell, it has been claimed, has failed to block a legal action mounted against it by one of its sales promotions agencies, writes Jonathan Bracey-Gibbon. The claim was made by sales promotion agency, Don Marketing...
Incentive Today EDITORIAL: SHELL SHOCK
The claim, for £350,000, is being made against Shell UK by Don Marketing, a sales promotion agency which alleges that its client of 13 years has repeatedly used the agency's concepts without permission and sometimes without payment.
Shell Make Money and Shell Mastermind 1984
The decision to go for a promotional game had been prompted by the persistence of Don Marketing, the Essex based promotional games company, which had, for more than two years, been pressing on Shell the potential of a game to boost sales. Any doubts that Shell may have harboured about the popularity of the game with motorists were quickly dispelled when the promotion received massive press and television publicity, and sales at many petrol stations soared by more than 25%.
Diluting SEC security rules a last-ditch push by appointees of President Bush
The regulatory changes are on the agenda of Christopher Cox, chairman of the Securities and Exchange Commission. But critics say the changes appear to be a last-ditch push by appointees of President Bush to dilute securities rules passed after the collapse of Enron and other large companies measures that were meant to forestall accounting gimmicks and corrupt practices that led to those corporate failures.
Ireland: Corrib gas in progress again
EVIDENTLY STILL bruised by the hostility shown to its Corrib plans by locals in northwest Ireland, Royal Dutch Shell will still not give a date for first gas from the offshore field.
Shell: time to deliver
GOOD things come to those who wait. No pain, no gain. Every cloud has a silver lining. For investors in Royal Dutch Shell in need of a pep talk, these might be clichés worth repeating.
There is a chance however remote that growth might come inorganically, says ABN Amro, describing a merger with BP or Total as "possible and desirable"
Iraq’s Oil Surge
What seems to irk Mr. Schumer and running mates John Kerry and Missouri's Claire McCaskill is Iraq's decision to sign shorter-term, no-bid service contracts with Exxon Mobil, Royal Dutch Shell, BP, Total and Chevron.
BP Sues TNK-BP Russia Partners
The battle is playing out amid widespread expectations that a state-controlled company like OAO Gazprom ultimately is likely to take a stake in TNK-BP.
World Bank president says high food and oil prices pushing world into “a danger zone”.
His remarks echoed those of Robert Zoellick, World Bank president, who said this week that high food and oil prices were pushing the world into "a danger zone".
Record oil prices bring inflation fears to fore
Oil trading dominated commodity markets again, with the price of crude surging more than 3 per cent this week after a surprise fall in US crude stockpiles and simmering tension between Israel and Iran.
Champions of Thunder Horse have little to cheer
Rarely does a project go off without a hitch, but this is not normal, said Kenneth B Medlock III, fellow in energy studies at the James A Baker III Institute for Public Policy. He said: This sort of news will not be taken well by the market. I think what we are seeing is the result of an industry that is stretched to its limits in terms of qualified personnel, expertise and resources.
Oil prices: Warning of 20p a litre rise for petrol
Crude prices retreated by around a dollar a barrel yesterday but were still just under $145 a barrel, with many predicting they will soon push above $150.
Nigeria: Pipeline Vandalisation May Derail Power Emergency, Says Shell
The state of emergency which President Umaru Musa YarAdua is planning to declare in the power sector may not bring about the desired result except the Federal Government finds a lasting solution to the spate of gas pipelines vandalisation in the Niger Delta.
Origin Energy rejects £13bn bid from BG Group
Kevin McCann, Origin's chairman, said that the Petronas partnership with Santos and Shell's decision to invest in Australian coal seam gas had set a new valuation benchmark.