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Shell To Pay N45 Billion In Compensation To Ogoni Communities
British-Dutch multinational oil and gas company, Royal Dutch Shell plc, has resolved to pay N45 Billion in settlement to the Ogoni people: marking an end to the 31-year long battle between the parties. The agreement was reached at the order of a Federal High Court in Abuja on Wednesday. Justice Ahmed Mohammed held that the…
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Nigeria’s Gas Flare Falls By 0.33% In Q1 2021
Gas flare in Nigeria’s oil fields fell by 0.33 per cent to 45.33 billion cubic feet BCF, in the first quarter of 2021 compared to 45.48BCF of gas flared in the fourth quarter of last year, according to the latest data from the oil and gas industry. Data also showed that on a year-on-year basis,…