Nigeria has reportedly lost $6 billion dollars in a controversial oil deal involving Shell and Italian Oil firm Eni.
The two oil giants were dragged...
Oil Giant Exxon Mobil is set to begin oil exploration in Ghana soon officials in the West African country have confirmed. A petroleum agreement to paveway for the exploration is expected to be signed by the firm with the Ghanaian government and the Ghana National Petroleum Commission in Ghana in the coming days.
Human rights group, Amnesty International has called for an investigation into the activities of Shell, the oil company for alleged crimes committed by Nigeria’s military in the 1990s.
Royal Dutch Shell has lifted a cargo of 600,000 barrels of crude oil from Libya's Zueitina port, its first from the war-torn north African country in 5 years, two industry sources told Reuters on Saturday.
Nigeria has signed financing deals with oil majors Shell and Chevron to develop projects that would boost reserves and revenue, the state-run oil firm said on Thursday.
Widows of four of the nine men executed by Nigeria’s military regime in 1995 have a filed a civil lawsuit in The Hague, Netherlands, accusing Royal Dutch Shell of alleged complicity in a military crackdown.
The deaths of the men - known as the Ogoni nine - provoked an international outcry.
The lawsuit accuses the oil giant of providing support to the military, which ultimately led to the execution of the men
Carlyle Group (CG.O) has bought Royal Dutch Shell's (RDSa.L) onshore assets in Gabon for $587 million (470 million pounds) as the world's largest private equity fund expands in the global oil and gas sector.
Royal Dutch Shell workers in Gabon began an "unlimited" strike on Thursday at all the company's operations in the Central African OPEC member country,...
