• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, October 23, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Shell petroleum gets Supreme Court’s favour

Shell

The Matters Press by The Matters Press
January 6, 2024
Reading Time: 1 min read
0
Bayelsa state wants more investment from Shell

The Supreme Court of Nigeria has upheld an appeal by Shell Plc’s local unit against a ruling related to a pollution case that has prevented the oil major from selling billions of dollars of assets in the country, people with knowledge of the matter said.

RELATED POSTS

Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria

‎IMPI revises inflation rate projection to 14% from 17% for December

CSOs give thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria

Shell Petroleum Development Company of Nigeria Ltd. was issued a court order in 2022 preventing it from divesting the assets pending the outcome of the case. Its parent company subsequently paused the disposal of its onshore oil operations.

Full details of the judgment, which was issued verbally on Friday, will be set out in writing in seven days, the people said, asking not to be named before the ruling was published.

SPDC holds 30% of a joint venture in Nigeria, with the state oil company among other shareholders.

“We note the Supreme Court’s judgment on SPDC’s appeal,” a spokesperson for the unit said in response to questions. SPDC is “currently assessing its implications.”

Mohammed Ndarani Mohammed, a lawyer representing the plaintiffs, said he would read the ruling before deciding whether to comment.

Shell has pumped oil in Nigeria for more than half a century. But almost three years ago, then-Chief Executive Officer Ben van Beurden signaled its intention to exit onshore oil positions as a result of persistent sabotage and theft, while staying committed to offshore gas assets.

Friday’s result gives SPDC only some respite, as the company faces litigation in other courts in Nigeria and the UK.

The same lawyers are representing about 1,200 plaintiffs in Nigeria’s southwestern city of Akure, who claim they were affected by an oil spill in 2011. In Britain, a court has ruled that a group of Nigerian fishermen can bring claims against Shell Plc in another long-running legal case.

Tags: Shell
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria

October 22, 2025
NBS reports increase in Inflation
Economy/Technology

‎IMPI revises inflation rate projection to 14% from 17% for December

October 22, 2025
CSOs give  thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria
Agriculture

CSOs give thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria

October 22, 2025
Standing With the Bello Family – Justice Must Never Be Cheapened
Energy

Standing With the Bello Family – Justice Must Never Be Cheapened

October 17, 2025
You led with distinction, CG of Customs, hails former boss,  Mohammed at 80
Economy/Technology

You led with distinction, CG of Customs, hails former boss, Mohammed at 80

October 10, 2025
Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Next Post
Nigeria to revamp steel sector to boost economy

Nigeria, Chinese firm in deal for steel plant

Eulogising Africa’s efforts in midwifing a Covid-19 vaccine

Prostate Cancer heading to dead end

Recommended Stories

Tribunal: 88-year-old Nwabueze appears for Atiku

Tribunal: 88-year-old Nwabueze appears for Atiku

July 4, 2019
22 African nations in debt crisis

ECA advises member states on debt management strategy

April 6, 2023
Itakpe-Warri rail kicks off after 30 years

Abuja-Kaduna rail makes N300m monthly

December 19, 2021

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria
  • ‎IMPI revises inflation rate projection to 14% from 17% for December
  • CSOs give thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us