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“This agreement marks an important milestone for Shell in Nigeria, aligning with our previously announced intent to exit onshore oil production in the Niger Delta,” Zoe Yujnovich, Shell’s integrated gas and upstream director, said in a statement. The assets that Shell is selling are largely owned by the Nigerian government’s national oil company NNPC, which holds a 55% stake. However, pollution from oil and natural gas production has prevented residents from accessing clean water, hurt farming and fishing, and heightened tensions. Despite joint military operations and a government benefits program for former militants that accompanied the amnesty deal, the Niger Delta remains volatile. The oil industry faces risks of violence, including pipeline vandalism by oil thieves, whom companies often blame for oil spills.

Persons: — Shell, Shell, Zoe Yujnovich, France's TotalEnergies, ”, Ledum Mitee, Dumnamene Organizations: Shell, Aradel Energy, Nigerian, Eni, Movement, Ogoni, Youths, Environmental Advocacy, AP Locations: ABUJA, Nigeria, Niger Delta, West, London, Ogoni People, Niger, Guinea

☆ Shell to Sell Its Onshore Nigeria Oil Business for $1.3 Billion
▼ + stars: | 2024-01-16 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com time to read: 1 min

Shell said Tuesday that it had agreed to sell its onshore oil and gas business in Nigeria to a group dominated by local companies for $1.3 billion. The transaction is an effort by Europe’s largest energy company to reduce its risks in the country that is Africa’s largest oil producer. Nigeria has long been a cornerstone for Shell, but also the source of a damaging legal and environmental legacy. Other partners in the joint venture include Nigeria’s state oil company, which has a 55 percent stake, and France’s TotalEnergies. Shell will continue its offshore energy drilling in Nigeria, as well as its liquefied natural gas operations there.

Persons: Shell, France’s Organizations: Shell Locations: Nigeria, Niger Delta

☆ Oil slips 1% on growing angst over delayed OPEC+ meeting
▼ + stars: | 2023-11-23 | by ( Natalie Grover | ) www.reuters.com time to read: +3 min

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. U.S. West Texas Intermediate crude slid 86 cents, also about 1.1%, to $76.24 after dropping as much as 5% in the previous session. In a surprise move on Wednesday, the Organization of the Petroleum Exporting Countries and allies including Russia delayed to Nov. 30 a ministerial meeting at which they were expected to discuss oil output cuts. Angola, Congo and Nigeria were seeking to raise their 2024 supply quotas above the provisional levels agreed at the June meeting of the OPEC+ producer group, analysts said. The questions over OPEC+ supply come as data showed that U.S. crude stocks jumped by 8.7 million barrels last week, much more than the 1.16 million build analysts had expected.

Persons: Angus Mordant, Helima Croft, Tamas Varga, Natalie Grover, Arathy, Andrew Hayley, Mark Potter, David Goodman Organizations: REUTERS, Brent, . U.S . West Texas, Organization of, Petroleum, Producers, Capital Markets, Thomson Locations: Loving County , Texas, U.S, ., Russia, OPEC, Angola, Congo, Nigeria, Niger, Saudi Arabia, London, Houston, Beijing

☆ Oil down more than 1% as uncertainty swirls over delayed OPEC+ meeting
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +3 min

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. In a surprise move, the Organization of the Petroleum Exporting Countries and allies including Russia delayed to Nov. 30 a ministerial meeting where they were expected to discuss oil output cuts. Producers were struggling to agree on output levels and hence possible reductions ahead of the meeting originally set for Nov. 26, OPEC+ sources said. Analysts said that Angola, Congo and Nigeria were seeking to raise their 2024 supply quotas above the provisional levels agreed at the OPEC+ June meeting. U.S. oil rigs remained unchanged at 500 in the week to Nov. 22, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Wednesday.

Persons: Angus Mordant, Baker Hughes, Brent, Helima Croft, RBC's Croft, Arathy Somasekhar, Andrew Hayley, Sonali Paul, Muralikumar Organizations: REUTERS, OPEC, . U.S . West Texas, Trade, Organization of, Petroleum, Producers, RBC Capital Markets, ING Bank, U.S . Coast Guard, Thomson Locations: Loving County , Texas, U.S, ., United States, Russia, OPEC, Angola, Congo, Nigeria, Niger, Saudi Arabia, Gulf of Mexico, Houston, Beijing

☆ China's Xi Jinping commits to more investments in Nigeria
▼ + stars: | 2023-10-19 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

It added that another $4 billion worth of letters of intent was received for new projects and investments in different sectors of the economy. Nigeria also signed contracts with China Harbour Engineering Company for the construction of the Lekki Blue Seaport in Lagos. Shettima met Xi, who asked for the protection of Chinese workers in Nigeria, according to the vice president's office. China had committed to rail projects in Nigeria in the past and to a seaport in Bonny Island in the Niger Delta. China had earlier agreed to provide 85% of the financing for the rail projects.

Persons: Xi Jinping, Edgar Su, Kashim Shettima's, Shettima, Xi, Felix Onuah, Chijioke Ohuocha, Jamie Freed Organizations: Initiative, of, People, REUTERS, Rights, Nigeria's National Agency for Science, Engineering Infrastructure, China Harbour Engineering Company, China Exim Bank, Thomson Locations: Beijing, Rights ABUJA, Nigeria, Africa's, Lagos, China, Bonny Island, Niger, Nigeria's

NAIROBI, Kenya (AP) — Climate change is “relentlessly eating away” at Africa’s economic progress and it’s time to have a global conversation about a carbon tax on polluters, Kenya’s president declared Tuesday as the first Africa Climate Summit got underway. He and other leaders urged reforms to the global financial structures that have left African nations paying about five times more to borrow money than others, worsening the debt crisis for many. Africa has more than 30 of the world’s most indebted countries, Kenya’s Cabinet secretary for the environment, Soipan Tuya, said. Africa’s GDP should be revalued for its assets, which include the world's second-largest rainforest and biodiversity, African Development Bank President Akinwumi Adesina said. “It is an African story, and I daresay it’s a global story, too.”___Follow AP’s coverage of the climate at https://apnews.com/climate-and-environment and of Africa at https://apnews.com/hub/africa

Persons: William Ruto, Tuya, John Kerry, Kerry, Joe Biden, ” Ruto, ”, Ruto, “ It’s, Sahle, Zewde, Akinwumi Adesina, Adesina, Martha Lusweti, Antonio Guterres, Ursula Von der Leyen, lullabies, Sierra, Julius Maada Organizations: Africa Climate Summit, European Union, Kenyan, United, United Arab Emirates, Development Bank, ”, International Monetary Fund Locations: NAIROBI, Kenya, Africa, China, United States, U.S, United Arab, United Nations, Europe, U.N, Africa's, Nigeria's Niger Delta, Uganda, Tanzania, South Africa, Nigeria, Egypt, Congo, africa

☆ Greta Thunberg has accused Russia of ‘ecocide’ in Ukraine. But what does that mean?
▼ + stars: | 2023-07-02 | by ( Radina Gigova | ) edition.cnn.com time to read: +10 min

The Deep-Water Horizon oil spill, severe pollution in the Niger Delta and Amazon deforestation, could be examples of ecocide, said Jojo Mehta, co-founder and executive director of Stop Ecocide International. A number of others have debated doing the same, including Brazil, Canada, Kenya, the Maldives and the UK, according to Stop Ecocide International. “It is not a question of whether ecocide will become part of international criminal law, it’s only a question of when,” Sands said. A working group, including Thunberg, has also been established to draw attention to the environmental impact of war. If ecocide were an international crime, it could give the process more authority, some experts say.

Persons: Volodymyr Zelensky, Greta Thunberg, “, Sergei Supinsky, ”, Doug Weir, Polly Higgins, ” Weir, Jojo Mehta, Michael Dantas, Jair Bolsonaro, ” Philippe Sands, Mehta, wasn’t, it’s, ” Sands, Weir, Anna Ackerman, Matthew Hatcher, Ackerman, can’t Organizations: CNN, Getty, Criminal Court, ICC, Observatory, Criminal, International Institute for Sustainable Development, Ukraine’s Locations: Ukraine, Europe, Swedish, Kyiv, Russia, AFP, British, Niger Delta, Humaita, Amazonas, Brazil, ecocide, Rome, Canada, Kenya, Maldives, Mykolaiv, Odesa, Kherson

☆ Nigeria oil spill: Authorities investigate dayslong leak from a Shell pipeline in a region already blighted by pollution
▼ + stars: | 2023-06-27 | by ( ) edition.cnn.com time to read: +1 min

Reuters —Nigerian authorities and Shell’s local subsidiary were on Monday investigating the cause of an oil spill on the Trans Niger pipeline that lasted several days. The spill from the 180,000-barrel-a-day, which happened at Eleme in Rivers State in south Nigeria, was detected on June 11. Four days later it was confirmed by Shell Petroleum Development Company of Nigeria Limited in a statement. Shell has, over the years, faced several legal battles focused on oil spills in the Niger Delta, a region blighted by pollution, conflict and corruption related to the oil and gas industry. The oil major blames most of the spills on pipeline vandalism and illegal tapping of crude.

Persons: ” Chinyavanhu, ” Organizations: Reuters, Shell Petroleum Development Company, Nigeria Limited, Shell, Nigerian Oil, Agency, Environmental Advocacy, Greenpeace Locations: Niger, Eleme, Rivers State, Nigeria, Niger Delta, Greenpeace Africa

☆ Saudi Arabia-Led Oil Cuts Run Into Gusher of Alternative Supplies
▼ + stars: | 2023-04-09 | by ( Joe Wallace | Anna Hirtenstein | ) www.wsj.com time to read: 1 min

Nigeria remains vulnerable to outages despite its recent increase in oil production. A burst of supply from a grab bag of smaller oil-producing countries threatens to undermine efforts by Saudi Arabia and its allies to keep prices high. Iran, Guyana, Norway, Kazakhstan, Brazil and Nigeria have pumped more oil since the fall, boosting the world’s supplies even as some of the biggest producers throttled back. Nigeria in particular has seen output bounce, with help from armed guards protecting barges in the vast creeks and waterways of the oil-rich Niger Delta.

☆ Nigerians accuse Shell of delay in oil spill London lawsuits
▼ + stars: | 2023-04-04 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

Thousands of members of the Bille and Ogale communities are suing Shell and its Nigerian subsidiary SPDC over oil spills. Shell strongly denies any liability and argues that parts of the cases were brought too late. It also says the majority of the spills were caused by illegal third-party interference, such as pipeline sabotage and oil theft. Shell says two further trials could then take place to determine allegations against its subsidiary and Shell's alleged liability as its parent company. Shell's proposal is "advanced as a device to shield (Shell) from scrutiny", Richard Hermer, a lawyer representing the claimants, said in court filings.

☆ Nigeria's junior oil minister Timipre Sylva has resigned -sources
▼ + stars: | 2023-03-30 | by ( Felix Onuah | ) www.reuters.com time to read: +1 min

ABUJA, March 30 (Reuters) - Nigeria's Timipre Sylva has resigned as the country's minister of state for petroleum to seek a new term as governor of oil-producing Bayelsa State in the southern Niger Delta, ministry and presidency sources told Reuters on Thursday. Sylva handed his resignation letter last week to Buhari, who doubles as petroleum minister, and stopped coming to the office, said two sources who did not want to be identified. They said he would be seeking the ruling All Progressives Congress ticket to run for Bayelsa governor in party primaries scheduled to take place on April 14. Appointed junior oil minister in August 2019, Sylva oversaw major reforms in the oil sector, including the passing of legislation that overhauled the sector's fiscal regime in a bid to spur investment. During his time as minister, Nigeria's oil output fell to its lowest in decades due to crude theft and pipeline vandalism.

☆ Emirates airline says 'substantial' ticket revenue trapped in Nigeria
▼ + stars: | 2023-03-24 | by ( Ghaida Ghantous | ) www.reuters.com time to read: +2 min

DUBAI, March 24 (Reuters) - Emirates Airline has a "substantial" amount of ticket sale revenue trapped in Nigeria and has made only slow progress in repatriating blocked funds out of Africa's biggest economy, it said on Friday. Emirates declined to say how much was trapped in Nigeria, but a spokesperson said about half of the amount in its backlog was overdue for repatriation and that the process "remains beset with constant delays". Nigeria is withholding $743 million in revenue earned by international carriers operating in the country, the highest amount owed by any nation, global airline industry association IATA said last week. Oil is Nigeria's biggest foreign exchange earner, but rampant crude theft in the Niger Delta and years of under-investment have hit output and strained government finances. For a few months last year, Angola overtook Nigeria as Africa's biggest oil producer and exporter.

☆ Nigerians vote for new president, braving long delays in hope of bringing change
▼ + stars: | 2023-02-26 | by ( ) www.cnbc.com time to read: +3 min

People read newspapers at a newspaper stand in Onitsha, Nigeria, on February 26, 2023 following he Nigeria presidential and general election. By the evening, some polling stations were already counting ballots, while voting was still going on at others and had not taken place elsewhere. said 23-year-old Halima Sherif, whose polling station in the northern city of Kano had not started operating by closing time. He also acknowledged the delays but said voters would be able to cast their ballots. Yakubu said at a later briefing that voting would take place on Sunday in several wards in Yenagoa that had experienced severe disruption on Saturday.

☆ Opposition supporters attacked in Nigeria ahead of rally
▼ + stars: | 2023-02-11 | by ( ) www.reuters.com time to read: +1 min

LAGOS, Feb 11 (Reuters) - Nigerian presidential contender Peter Obi of the opposition Labour Party said his supporters were on Saturday attacked and injured ahead of a rally in the commercial capital Lagos, a stronghold of the ruling party. Previous elections in Africa's most populous nation have been fraught with violence between supporters of rival parties and a number of instances of political violence have occurred ahead of the Feb. 25 parliamentary and presidential vote. "We cannot continue to tolerate attacks on members of the political opposition, often fuelled by the incendiary rhetoric of political leaders," Obi said in a statement, urging police to investigate. At the rally, Obi told supporters he would reform the police to make it more professional, end the oil thefts that have hobbled production in the Niger Delta, and improve security to allow farmers to boost agriculture output. Obi will face Bola Tinubu, the former governor of Lagos and the ruling All Progressives Congress candidate, and former vice president Atiku Abubakar from the main opposition People's Democratic Party.

"We will now vote against board members if a company has experienced material failures in the oversight, management or disclosure of climate risk," the fund said in its annual report on responsible investments, published on Thursday. The fund has long engaged on climate change with the companies it invests in. In 2022, the fund discussed climate change at 810 meetings it held with companies that represent 33% of the value of the fund's equity portfolio. One of them was oil major Shell (SHEL.L), with whom the fund discussed the company's energy transition plan and climate change, it said. Climate change was the second-most important issue discussed by the fund with companies after "human capital management", or how companies invests in their workers.

☆ More than 13,000 Nigerian residents take Shell to court over oil spills
▼ + stars: | 2023-02-02 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

Residents fetch water from a well contaminated by oil pollution at Ogale Town, Eleme in southeast Nigeria, on June 13, 2015. Afp Contributor | Afp | Getty ImagesOver 13,000 residents from two Nigerian communities are seeking damages from Shell in the High Court in London, calling for the energy giant to clean up residual oil and compensate devastating environmental damage. Shell, which reported its highest-ever annual profit of nearly $40 billion on Thursday, argues that the communities have no legal standing to enforce clean-up of the oil spills. Shell said in 2021 that it plans to leave the Niger Delta and sell its onshore oilfields and assets after 80 years of operations. "It appears that Shell is seeking to leave the Niger Delta free of any legal obligation to address the environmental devastation caused by oil spills from its infrastructure over many decades," Leader said.

☆ Shell to pay 15 mln euros in settlement over Nigerian oil spills
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +2 min

[1/3] A Shell logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis BalibouseCompanies Shell PLC FollowAMSTERDAM, Dec 23 (Reuters) - Shell (SHEL.L) will pay 15 million euros ($15.9 million) to communities in Nigeria that were affected by multiple oil pipeline leaks in the Niger Delta, the oil company on Friday said in a joint statement with the Dutch division of Friends of the Earth. The money will benefit the communities of Oruma, Goi and Ikot Ada Udo in Nigeria, that were impacted by four oil spills that occurred between 2004 and 2007. "The settlement is on a no admission of liability basis, and settles all claims and ends all pending litigation related to the spills," Shell said. After the appeals court's final ruling last year, Shell said it continued to believe the spills were caused by sabotage.

☆ Nigeria's Obasanjo clinches unlikely Ethiopia truce
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +5 min

[1/2] Former Nigerian president and African Union envoy Olesegun Obasanjo arrives for the signing of the AU-led negotiations to resolve the conflict in northern Ethiopia, in Pretoria , South Africa, November 2, 2022. Summary Obasanjo stepped down as Nigeria's president in 2007Now aged 85, he took up peace-making in retirementMediated in crises from Ivory Coast to MozambiqueJOHANNESBURG, Nov 2 (Reuters) - Olusegun Obasanjo has had mixed results as a mediator of intractable conflicts across Africa since he stepped down as Nigeria's president in 2007, although he has never tired of trying. Obasanjo stepped down from Nigeria's presidency in 2007 and presided over elections that marked the first handover of power from one civilian head of state to another in Nigeria since it became independent from Britain in 1960. The test now is whether Ethiopia's conflict is on track for a permanent peace deal or just a temporary respite. After Abacha's death in 1998, Obasanjo was released and was elected as civilian president in 1999.

“I think in every country in the world, historically, some soups were seen as restorative.”That’s true no matter what you call it. These are CNN Travel’s nominations for 20 of the best soups around the world:Banga | NigeriaBanga is so popular in Nigeria that shops sell ready-mixed packets of spice. By 1930, Nguyen explained, the soup was served with slices of raw beef cooked gently in the broth. Today, beef pho remains the most beloved version in Vietnam, with options that include the original raw beef, a mix of raw and cooked beef, brisket and tendon. Slip them into a bowl of beef broth for a world-class soup that includes tender beef, pale slices of radish, chili oil and fresh herbs.

Persons: you’ve, Janet Clarkson, “ It’s, Clarkson, you’re, ”, “, jansa, beletete, Leisa Tyler, LightRocket, Andrea Nguyen, Nguyen, Ukraine “, frik, camarones, Katherine Frey, It’s, Spain Gazpacho, Tom McCorkle, —, Gumbo, it’s, It's, chiles, Menudo rojo, blanco, moqueca, ayam, Tom yum goong, Natasha Breen, Shutterstock, — it’s, Turkey Yayla çorbasi, weren't Organizations: CNN, Nigeria Banga, UNESCO, borscht, Washington Post, United States, Menudo, Mexico Menudo, cilantro, chiles Locations: Banga, Nigeria, Niger, orima, Vietnam, Ukraine, Eastern Europe, Russian, France, Marseille, Saffron, Portugal, Portugal's, Minho, Algeria, Libya, Tunisia, North Africa, camarones, Peru, Arequipa, amarillo, Gazpacho, Spain, Andalusia, Africa, West Africa, Nigerian, Louisiana, West, Choctaw, New Iberia, Harira, Morocco Moroccan, Yom Kippur, Kharcho, Georgia, Lanzhou, China, Mohinga, Myanmar, Mexico, Mexican, moqueca, Bahia, Brazil, Indonesia, Singapore, Malaysia, Suriname, South America, Thailand, Fukuoka Prefecture, Kyushu, çorbasi, Turkey, pita

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