Nigerian Times

10 Nov 2011 10:54 Africa/Lagos Shell must pay US$1 billion in first step to clean up Niger Delta LONDON, November 10, 2011/African Press Organization (APO)/ -- Shell must commit to pay an initial US$1 billion to begin the clean-up of pollution caused by oil spills in the Niger Delta, Amnesty International and the Centre for Environment, Human Rights and Development (CEHRD) said today. A new report by the two groups released today, The true tragedy: delays and failures in tackling oil spills in the Niger Delta looks at the ongoing devastation caused by two major oil spills which took place at Bodo, Ogoniland, in 2008, and which have never been cleaned up. The UN Environment Programme recently found that oil pollution over many years had resulted in such devastation that it would take more than 25 years for Ogoniland to recover. The UN recommended setting up an Environmental Restoration Fund with an initial amount of US$1 billion, with further funding to follow. “Shell's failure to ...

Shell Decides to Move Forward With Groundbreaking Floating LNG Shell Announces Final Investment Decision on Prelude Floating LNG Project in Australia The Hague, May 20 /PRNewswire/ — The Board of Royal Dutch Shell plc (Shell) has taken the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia (100% Shell), building the world's first FLNG facility. Moored far out to sea, some 200 kilometres from the nearest land in Australia, the FLNG facility will produce gas from offshore fields, and liquefy it onboard by cooling. The decision means that Shell is now ready to start detailed design and construction of what will be the world's largest floating offshore facility, in a ship yard in South Korea. From bow to stern, Shell's FLNG facility will be 488 metres long, and will be the largest floating offshore facility in the world - longer than four soccer fields laid end to end. When fully equipped and with its storage tanks full, it will ...

29 Apr 2008 08:57 Africa/Lagos Royal Dutch Shell plc: 1st Quarter 2008 Unaudited Results Royal Dutch Shell's First Quarter 2008 Earnings, on a Current Cost of Supplies (CCS) Basis, Were $7.8 Billion Compared to $6.9 Billion a Year Ago. Basic CCS Earnings per Share Increased by 15% Versus the Same Quarter a Year Ago A First Quarter 2008 Dividend has Been Announced of $0.40 per Share, an Increase of 11% Over the US Dollar Dividend for the Same Period in 2007 $1.1 Billion or 0.5% of Royal Dutch Shell Issued Ordinary Shares Were Bought Back for Cancellation During the Quarter LONDON, April 29/PRNewswire-FirstCall/ -- Royal Dutch Shell(NYSE:RDS.A)(NYSE: RDS.B) Chief Executive Jeroen van der Veer commented: "Good operating performance, combined with increased oil and gas prices, offset the impact of downstream conditions in the first quarter 2008. We have delivered another competitive set of earnings for Shell's shareholders. Shell has the largest capital spending program...