UK Supreme Court Rules That Niger Delta Communities Can Sue Shell In English Courts

Shell To Exit Nigeria As Company Bemoans Hostile Business Environment

The United Kingdom Supreme Court has ruled that polluted Nigerian communities can sue oil giant Shell in English Courts. According to BBC Africa, the decision overturns a previous Appeal Court ruling and represents a victory after a five-year legal battle. Read also: Oil Spillage: International Court Orders Shell To Compensate Niger-Delta Communities The communities say … Read more

Shell Writes down $2.3bn On Weaker Economic Outlook

Shell Writes down $2.3bn On Weaker Economic Outlook

Royal Dutch Shell said on Friday it expected to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic outlook. In a trading update ahead of full year results, Shell also lowered its oil products sales forecast, pointing … Read more