Shell agrees $84m Nigeria compensation package
The deal is for the losses to the fishermen and community after two pipeline spills seven years ago
Shell has agreed a £55 million ($84m) compensation package for losses resulting from two pipeline spills in 2008, setting a precedent by making payments directly to the people affected. The settlement - made before a full trial was due to start in London this year - will give 600,000 naira ($3,240) to each of the 15,600 fishermen affected, while the community will receive a £20m payment. Shell accepts that the spills, both of which continued for many weeks, were due to failures in the Bomu-Bonny pipeline, part of the Trans-Niger pipeline which flows 180,000 barrels a day (b/d) of crude to the Bonny export terminal. It has agreed to clean-up the Bodo Creek area, affected by the spills, where
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat






