Shell’s royal flush to make Abuja fold to ICSID
Accused of having caused an oil spill during the Biafran war, the oil major brought the case before the International Centre for Settlement of Investment Disputes (ICSID), supported by an armada of advisers.
16/02/2021 at 17h00, by Africa Business+
Several decades of media and legal battles have failed to bring the Nigerian government and Shell Petroleum Development Company of Nigeria Limited (SPDC) to an agreement. The former accuses the latter of illegal dumping and pollution that led to an oil spill in the community of Ejama-Ebubu during the 1967-1970 Biafra War.
Recommended articles
Oil & Gas
06/04/2022 at 16h40, by Africa Business+
Shell’s payments to Nigeria increase, assets sale lingers on
The major’s taxes and royalties rose by 38% in 2021 in the West African jurisdiction, while an environmental...
Oil & Gas
14/01/2022 at 17h18, by Africa Business+
Repsol and Shell withdraw from oil exploration in Morocco
Drilling results on a joint exploration licence proved inconclusive.
Oil & Gas
17/11/2021 at 18h45, by Gaëlle Arenson
AFC and Shell Western Supply & Trading lead a $150 million facility for Prime Oil & Gas
The loan facility can be increased up to $300 million at the request of the oil producer operating in...
Oil & Gas
24/08/2021 at 17h10, by Africa Business+
Shell-Nigeria case stalls at ICRID with the rejection of arbitrator
The prospect of a quick settlement between the Dutch oil and gas giant and the West African state is...
Oil & Gas
17/03/2021 at 18h13, by Africa Business+
Shell Nigeria faces more legal attacks
The Anglo-Dutch oil giant is facing new litigation in Nigeria.
Renewable energies
21/01/2020 at 14h17, by Aurelie Benoit
Renewables: Bank of America, Facebook, Shell et al join responsAbility’s new fund
The Swiss investment company, which has over $3bn of assets under management, has teamed up with a number...