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‘Shell May Halt Investment In Nigeria’
Oil giant Shell says it has lost confidence in its Nigerian operations and no longer depends on the country for growth in oil and gas output.
The company’s Chief Executive, Peter Voser, who stated this on the company’s website, noted though that “Shell Staff in Nigeria are doing a great job in this very difficult environment”.
The new stance fuels report of a halt to the company’s investments in Nigeria.
Voser stated that Nigeria “is still a heartland for Shell, but we no longer depend on it for our growth aspirations.
“This gives us more flexibility in deciding when and how to develop oil and gas resources in Nigeria”.
Shell, the dominant force in Nigeria’s oil industry since 1958, may dramatically reduce its presence in the country.
It is seeking buyers for 10 of its onshore oil assets worth between $4 billion and $5 billion in total, people familiar with the matter told Wall Street Journal recently.
China National Petroleum Corporation has been reported as a possible buyer.
Violence, kidnapping and sabotage attacks on infrastructure in the Niger Delta have hampered Shell operations for years.
Despite a recent amnesty and continuing truce between government forces and militants, violence continues.
Four expatriate Shell contractors were kidnapped on Tuesday after their bus was ambushed by gunmen.
Two Nigerians were killed in the attack, while a Chevron pipeline was shut down following sabotage over the weekend.
Voser recounted that “during 2009, sabotage and attacks on (Shell) installations again reduced production levels” and delayed a scheme to reduce gas flaring.
In October last year, he said, Shell’s Nigerian oil output was down to 120,00 barrels per day (bpd) from 300,000 bpd before the violence started.
Following the amnesty, however, oil production levels did improve toward the end of the year and its liquefied natural gas business is performing well, Voser said.
Shell’s output growth in the coming years will be driven by more unconventional energy projects, notably large LNG and gas-to-liquids developments approaching completion in Qatar.
News
Arrest Arise TV Crew Attackers Or Face Boycott, Journalists Tell Rivers Police
Port Harcourt based media practitioners under the aegis of Port Harcourt Press, have urged the Rivers State Police Command to arrest and prosecute all suspects involved in the recent attack and harassment of Arise TV crew in Port Harcourt.
The media practitioners, at a World press conference in Port Harcourt, described as dangerous the continuous harassment of journalists by various political actors in the ongoing political crisis in the State.
The text of the briefing which was read by a former State Commissioner for information and Communications and federal lawmaker in the State, Hon. Ogbonna Nwuke, described as condemnable the attack on the Arise TV crew by suspected political thugs in Port Harcourt, while conducting an interview with Dr Leloonu Nwibubasa, a former commissioner in the State.
According to him, “That harrowing event of Friday, January 2, where the Arise TV crew were brutally attacked by armed men in a hotel in Port Harcourt while conducting interview with Dr Leloonu Nwibubasa, former Honourable Commissioner for Employment Generation and Empowerment, smacks of nothing but act of intimidation, threat to both the Nigerian media and human lives especially in the forceful carting away of broadcast equipment.”
The group further noted that the attack was not only an insult on the press freedom but on the larger society.
The group regretted the inability of the Police to arrest and bring to book the perpetrators of the act till date, warning that it may be forced to boycott police activities if those involved are not arrested and brought to book.
“From all indications, the police appear to be playing to the gallery. While the broadcast equipment were reportedly recovered, no definite arrest have been made. This body, therefore, demands an urgent and thorough investigation of this matter and those find culpable brought to justice within two weeks.
“Failure to address this issue with the urgency it requires and not carrying out satisfactory actions as required in their prosecution will attract sanctions such as withdrawal of coverage of all police activities in Rivers State by media organisations and journalists as we stand in solidarity with the NUJ,” the group warned.
John Bibor
News
Be Patient With Us, Diri Tells Bayelsans … Inspects New 60mw IPP …Expresses Confidence In Technical Partners, BECL MD
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Akpabio Withdraws All Defamation Suits After Priest’s Sermon
The Senate President, Senator Godswill Akpabio, has directed his lawyers to withdraw all ongoing defamation lawsuits against several individuals, saying he was moved by counsel during a New Year Mass.
Speaking at the Sacred Heart Parish in Uyo, yesterday, Akpabio said he had filed nearly nine lawsuits against individuals he accused of defaming him.
He said, “I had almost nine cases in court against some individuals who defamed me, who lied against me, who slandered my name.
“But I listened to the priest and suddenly realised he was talking to me, so I hereby direct my solicitor to withdraw all lawsuits against them.”
In 2025, Akpabio had filed several high-profile defamation lawsuits, including one against colleague Senator Natasha Akpoti?Uduaghan.
In late 2025, Akpabio filed a N200 billion defamation lawsuit against her over allegations of sexual harassment, which he denied and urged her to substantiate in court.
Earlier in the year, Akpabio’s wife also filed defamation suits against Akpoti?Uduaghan over claims she said had harmed her family’s reputation.
Relations between the two lawmakers soured after Akpoti?Uduaghan accused Akpabio of influencing her suspension from the Senate in March 2025, following her public allegations of misconduct.
The Senator had previously challenged actions taken against her in court, including a N100 billion defamation suit she filed against Akpabio and other defendants over alleged remarks that she said damaged her reputation.
With yesterday’s announcement, Akpabio has formally ended all pending legal disputes arising from defamation claims, signalling closure to the publicised litigations as the year begins.
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