Shell hit by $1.5bn oil pollution claim from Nigerian Senate
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Shell, the beleaguered oil giant, has been asked by Nigeria&#39;s Senate to pay $1.5bn (Â£830m) compensation to communities affected by oil pollution in the country.
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The Nigerian Senate has ordered Anglo-Dutch oil giant Shell to pay 1.5 billion dollars (1.2 billion euros) compensation for damages caused by nearly 60 years of exploration in the Niger Delta, a Senate document said.
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Nigeria's Senate says it is considering penalties against a unit of Shell for refusing to pay a $1.5bn pollution order.
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ABUJA, Nigeria -- Corruption and mismanagement swallow about 40 percent of Nigeria's $20 billion annual oil income, anti-graft chief Nuhu Ribadu said yesterday.
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Nigerian MPs probing a $5m spending spree by the new speaker say she broke the rules.
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Nigeria Unions Declare Royal Dutch/Shell an &#39;Enemy,&#39; Say Nov. 16 Strike Will Target Oil Exports. President of the Nigerian Labor Congress (NLC) Adams Oshiomhole speaks to journalist in Lagos, Nigeria, Sunday, Oct. 31, 2004.
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A US Senate panel has accused the former head of the UN oil-for-food program in Iraq of pocketing more than one million dollars in the scandal-plagued scheme.
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The Anglo-Dutch oil giant, Shell, withdraws hundreds of workers from oil facilities in Nigeria's troubled Niger Delta.
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A community protest in Nigeria's southeastern Abia State has forced the closure of two flowstations and a gas plant, shutting in about 35,000 barrels per day (bpd) of crude, Anglo-Dutch oil giant Shell announced.
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About 20 Nigerians  working for a contractor to Royal Dutch Shell were abducted  during a Monday attack on a convoy of boats supplying  oilfields, Shell sources said on Tuesday.
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About 1,500 workers in the Gulf coast state of Veracruz struggled to clean up oil and oil-soaked sand and vegetation on Friday after 5,000 barrels of crude leaked into a river leading to the Gulf of Mexico, coating local beaches
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London crude prices hit record highs on Monday as Nigeria emerged as the new focus of worries about supply security on world oil markets.
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Protesting villagers have forced the Nigerian subsidiary of Royal Dutch/Shell Group of Cos. to cut oil output in the volatile Niger Delta, hampering efforts by the Anglo-Dutch oil company to recover from earlier protests last month, a company spokesman said Thursday.
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A four-day national strike has begun in Nigeria in protest at a 25% increase in the cost of oil. Oil executives in Nigeria said they were confident there would be no immediate disruption to exports.
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The Anglo-Dutch oil giant Shell today sought to draw a line under its reserves scandal by announcing plans to spend $15bn (Â£8.4bn) a year to replenish reserves and develop production in its oil and gas business.
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Nigeria&#39;s Senate is reportedly to ask a Shell unit to pay $1.5bn (Â£0.84bn) compensation to oilfield communities for environmental damage.
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OIL group Shell has pledged to invest $45bn (Â£25bn) and make major disposals in a shake-up of the business, following its reserves crisis earlier this year.