Oil giant, Shell will be prosecuted for criminal charges relating to a $1.3 billion settlement for an oil exploration licence in Nigeria, the company said yesterday. The Dutch Public Prosecutor’s Office (DPP) informed Shell it is nearing the conclusion of an investigation into the case and is preparing to prosecute the oil giant, the company […]
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$20bn tax claims slam on oil firms may delay major projects - Shell – Daily TrustRoyal Dutch Shell said claims that it owes billions in taxes could delay the development of a major oil field off the coast of the West African nation. The federal government had ordered several major foreign oil and gas companies to pay nearly $20 billion in taxes it says are owed to local states, industry …
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Court Ready For HEDA's Suit Asking Nigerian Govt To Cancel Oil Licence Awarded By Abacha | Sahara ReportersWhen General Sani Abacha was in power, his Petroleum Minister Dan Etete, his son Muhammed Abacha, and two other “persons” suspected to be phoney formed an oil company, Malabu Oil & Gas Limited. The Oil Prospecting Licence (OPL) 245 was granted to Malabu Oil & Gas Limited by the Abacha Administration in 1998, same year Abacha died. OPL 245 was revoked by President Olusegun Obasanjo in 2001 but re-allocated to Shell Nigeria Ultra Deep Limited (SNUD) in 2002, under a Production Sharing Contract (PSC) arrangement.
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Tax Demand May Delay Shell’s Bonga Oil Field TakeoffOil giant, Shell yesterday said that Nigeria’s claims that it was owed billions in taxes could delay the development of a major oil field off the coast of the West African nation. Nigeria ordered several major foreign oil and gas companies to pay nearly $20 billion in taxes it says are owed to local states, […]
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Shell: Nigeria’s Multi-billion Dollar Tax Claims May Delay Bonga Project - THISDAYLIVEChineme Okafor in Abuja with agency report Royal Dutch Shell yesterday disclosed that the federal government’s recent claims that it owed Nigeria billions of dollars of unpaid oil and gas-related taxes could delay the development of its major oil field – the Bonga South West deepwater oil field located off the coast of the country. …
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Shell confirms DPP’s investigation of OPL-245 deal – Daily TrustMr Bamidele Odugbesan, Manager, Media Communications of Shell Nigeria, has confirmed the Dutch Public Prosecutor’s Office investigations against Royal Dutch Shell (RDS). Odugbesan, who confirmed the development to the News Agency of Nigeria (NAN) on Friday in Lagos, said the investigations was over its 1.3 billion dollars acquisition deals in Oil Prospecting License (OPL) 245ADVERTISEMENT …
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Shell Inducts 30 Graduates For InternshipThirty engineering graduates have been inducted to the fifth batch of the Shell Nigeria internship programme, a four-year old scheme designed to help young graduate engineers upscale their skills in readiness for employment in the energy sector. The internship programme, run in collaboration with the Petroleum Technology Association of Nigeria (PETAN), places the interns with […]
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Mohammed Abacha heads to Appeal Court over Malabu Oil - Vanguard News NigeriaThe son of former Military Head of State, Mohammed Abacha, has dragged the Federal Government, Shell Petroleum Nigeria and others to the Appeal Court as the battle over Malabu Oil rages.
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Shell's conduct in Ogoni shameful, crime against humanity — MOSOP - Vanguard News NigeriaPresident of Movement for the Survival of the Ogoni People, MOSOP, Fegalo Nsuke, has described the conduct of Shell Petroleum Development Company, a subsidiary of Royal Dutch Shell, in Ogon, Rivers State, as a national shame and crime against humanity.
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Malabu: Mohammed Abacha Heads To Appeal CourtThe son of the former head of state, Late General Sani Abacha, Mohammed Sani Abacha, has dragged the federal government, Shell Petroleum Nigeria and others to the appeal court as the battle over Malabu oil rages on. In a notice of appeal filed at the court of appeal, Abacha is seeking an order of the […]
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