Latest news with #RenaissanceAfricaEnergy
Zawya
7 days ago
- Business
- Zawya
Renaissance Energy Africa Joins African Energy Week (AEW) as Silver Partner Following Strong Operational Start
Nigerian energy consortium Renaissance Africa Energy has confirmed its participation as a Silver Partner at the African Energy Week (AEW): Invest in African Energies 2025 conference, scheduled for September 29 to October 3 in Cape Town. The announcement follows Renaissance Africa Energy's strong operational start in early 2025, where the consortium exceeded its first-month oil production target by 40%. Alongside this operational success, Renaissance Africa Energy recently unveiled an ambitious $15 billion investment plan over the next five years. The plan includes 32 projects focused on increasing crude oil and gas production, expanding pipeline infrastructure and doubling domestic gas output in Nigeria's Niger Delta region. This investment aims to enhance Nigeria's energy security and support the country's broader economic goals. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Renaissance Africa Energy's 2025 milestones build on the consortium's acquisition of energy major Shell's fully owned subsidiary Shell Petroleum Development Company (SPDC) of Nigeria's onshore and shallow-water assets - completed in December 2024. The $1.3 billion deal marked a significant transfer of operational control from an international oil company to indigenous Nigerian firms, signaling a shift toward greater local ownership in the upstream sector. In the gas sector, Renaissance Africa Energy is targeting an increase in production from 150 million to 300 million standard cubic feet per day. This target will be supported by infrastructure projects such as the Ajaokuta-Kaduna-Kano gas pipeline, which is expected to facilitate greater domestic gas utilization and support gas exports. As such, the Renaissance Africa Energy consortium - comprising ND Western Ltd., Aradel Holdings Plc, FIRST Exploration and Petroleum Development Company Ltd., Waltersmith Group and Petrolin - brings extensive expertise across upstream, midstream and downstream operations. Collectively, these partners have established a strong track record in performance, innovation and community engagement. With a combined asset base valued at approximately $3 billion and a current production rate of around 100,000 barrels per day, Renaissance Africa Energy is well-positioned to deliver significant energy solutions across Nigeria and the broader African continent. 'The rise of Renaissance Africa Energy as a prominent indigenous operator underscores the increasing maturity and capability of African energy enterprises. Their substantial investment commitments and demonstrated operational achievements are pivotal to enhancing Nigeria's energy security and fostering sustainable economic development across the region. Renaissance Africa Energy's participation as a silver partner at AEW: Invest in African energies 2025 exemplifies the vital role of local leadership in shaping the continent's energy future through strategic investment and collaborative engagement,' states NJ Ayuk, Executive Chairman, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
Yahoo
20-06-2025
- Business
- Yahoo
Shell to face High Court trial over legacy oil pollution in 2027
Oil giant Shell will now face a full trial in London's High Court in 2027 over allegations it was legally responsible for legacy oil pollution in Nigeria. Shell Plc and a Nigerian-based subsidiary of the company, now known as the Renaissance Africa Energy Company, are being sued by members of the Bille and Ogale communities in the Niger Delta. The legal action is led by the claimant law firm Leigh Day, which began legal action in 2015. The claim contains allegations that years of chronic oil spills have left the communities, which have a combined population of 50,000, without access to clean water, unable to farm and fish, and with a serious ongoing risk to public health. The case has been through several courts, including the High Court in 2017 and the Court of Appeal in 2018. Both courts ruled that there was no arguable case that Shell owed the claimants a duty of care. However, the Supreme Court overturned those in 2021, viewing that there was a 'real issue to be tried'. The High Court went on to green-light the legal battle in November 2023. The parties went to a preliminary issues trial between February and March this year at the court, where Mrs Justice May had to rule on several issues, including Shell's rejected argument on liability and concluded that the oil giant can still be liable for these spills. Shell argued that there was a strict five-year limitation period. However, the judge, in her 102-page judgment, rejected the argument and left it open for the communities to claim compensation for oil spills that occurred more than five years ago. She stated that 'some 85 spills have, so far, been identified,' and despite it being launched 10 years ago, she added that this case was 'still at a very early stage'. The judge also found that Shell could be liable for damage resulting from bunkering or illegal refining if it failed to protect its infrastructure, particularly if there is evidence that its staff have been complicit in the illegal activities. Leigh Day partner Matthew Renshaw said: 'Shell's attempts to knock out or restrict these claims through a preliminary trial of Nigerian law issues have been comprehensively rebuffed.' 'This outcome opens the door to Shell being held responsible for their legacy pollution as well as their negligence in failing to take reasonable steps to prevent pollution from oil theft or local refining,' he added. A spokesperson for Shell said the company welcomed this judgement. 'For many years, the vast majority of spills in the Niger Delta have been caused by third parties acting unlawfully, such as oil thieves who drill holes in pipelines, or saboteurs.' 'This criminality is the cause of the majority of spills in the Bille and Ogale claims, and we maintain that Shell is not liable for the criminal acts of third parties or illegal refining. These challenges are managed by a joint venture which Shell's former subsidiary operated, using its expertise in spill response and clean-up.' 'The spills referenced in this litigation were cleaned up by the joint venture regardless of the cause, as required by Nigerian law, working closely with government-owned partner NNPC Ltd, Nigerian government agencies and local communities.' 'Clean-up certificates were issued by the Nigerian regulator NOSDRA,' the spokesperson added. The trial, which will be closely watched, is set to take place over four months from March 2027.
The Independent
20-06-2025
- Business
- The Independent
Nigerian communities set to have oil pollution High Court claims tried in 2027
Residents of two Nigerian communities who are taking legal action against Shell over oil pollution are set to take their cases to trial at the High Court in 2027. Members of the Bille and Ogale communities in the Niger Delta, which have a combined population of around 50,000, are suing Shell plc and a Nigerian-based subsidiary of the company, the Shell Petroleum Development Company of Nigeria, which is now the Renaissance Africa Energy Company. The two communities began legal action in 2015, claiming they have suffered systemic and ongoing oil pollution for years due to the companies' operations in the African country, including pollution of drinking water. They are seeking compensation and asking for the companies to clean up the damage caused by the spills. The companies are defending the claims, saying that the majority of spills are caused by criminal acts of third parties or illegal oil refining, for which they are not liable. On Friday, Mrs Justice May ruled on more than 20 preliminary issues in the claims, following a hearing held in London over four weeks in February and March. She said that 'some 85 spills have, so far, been identified', but added that the case was 'still at a very early stage'. Her findings included that Shell could be sued for damage from pipeline spills caused by third parties, such as vandals, in efforts to steal oil, a process known as bunkering. She also said that while there was a five-year limitation period on bringing legal claims, a 'new cause of action will arise each day that oil remains' on land affected by the spills. The cases are due to be tried over four months, starting in March 2027. Reacting to the ruling, the leader of the Ogale community, King Bebe Okpabi, said: 'It has been 10 years now since we started this case, we hope that now Shell will stop these shenanigans and sit down with us to sort this out. ' People in Ogale are dying; Shell need to bring a remedy. 'We thank the judicial system of the UK for this judgment.' Matthew Renishaw, international development partner at law firm Leigh Day, which represents the claimants, said: 'This outcome opens the door to Shell being held responsible for their legacy pollution as well as their negligence in failing to take reasonable steps to prevent pollution from oil theft or local refining.' He continued: 'Our clients reiterate, as they have repeatedly for 10 years, that they simply want Shell to clean up their pollution and compensate them for their loss of livelihood. 'It is high time that Shell stop their legal filibuster and do the right thing.' A Shell spokesperson said that the company welcomed the judgment. They said: 'For many years, the vast majority of spills in the Niger Delta have been caused by third parties acting unlawfully, such as oil thieves who drill holes in pipelines, or saboteurs. 'This criminality is the cause of the majority of spills in the Bille and Ogale claims, and we maintain that Shell is not liable for the criminal acts of third parties or illegal refining. 'These challenges are managed by a joint venture which Shell's former subsidiary operated, using its expertise in spill response and clean-up. 'The spills referenced in this litigation were cleaned up by the joint venture regardless of the cause, as required by Nigerian law, working closely with government-owned partner NNPC Ltd, Nigerian government agencies and local communities. 'Clean-up certificates were issued by the Nigerian regulator NOSDRA.' The High Court and the Court of Appeal ruled in 2017 and 2018, respectively, that there was no arguable case that Shell owed the claimants a duty of care, but the Supreme Court ruled in 2021 that there was a 'real issue to be tried'.
The Guardian
20-06-2025
- Business
- The Guardian
Nigerian communities to take Shell to high court over oil pollution
Residents of two Nigerian communities who are taking legal action against Shell over oil pollution are set to take their cases to trial at the high court in 2027. Members of the Bille and Ogale communities in the Niger delta, which have a combined population of about 50,000, are suing Shell and a Nigerian-based subsidiary of the company, the Shell Petroleum Development Company of Nigeria, which is now the Renaissance Africa Energy Company. The two communities began legal action in 2015, claiming they have suffered systemic and ongoing oil pollution for years due to the companies' operations in the African country, including the pollution of drinking water. They are seeking compensation and asking for the companies to clean up damage caused by the spills. The companies are defending the claims, saying that the majority of spills are caused by the criminal acts of third parties or illegal oil refining, for which they are not liable. On Friday, Mrs Justice May ruled on more than 20 preliminary issues in the claims after a hearing held in London over four weeks in February and March. She said that 'some 85 spills have, so far, been identified', but added that the case was 'still at a very early stage'. Her findings included that Shell could be sued for damage from pipeline spills caused by third parties, such as vandals, in efforts to steal oil, a process known as bunkering. She also said that, while there was a five-year limitation period on bringing legal claims, a 'new cause of action will arise each day that oil remains' on land affected by the spills. The cases are due to be tried over four months, starting in March 2027. Reacting to the ruling, the leader of the Ogale community, King Bebe Okpabi, said: 'It has been 10 years now since we started this case. We hope that now Shell will stop these shenanigans and sit down with us to sort this out. People in Ogale are dying; Shell need to bring a remedy. We thank the judicial system of the UK for this judgment.' A Shell spokesperson said that the company also welcomed the judgment. They said: 'For many years, the vast majority of spills in the Niger Delta have been caused by third parties acting unlawfully, such as oil thieves who drill holes in pipelines or saboteurs. 'This criminality is the cause of the majority of spills in the Bille and Ogale claims, and we maintain that Shell is not liable for the criminal acts of third parties or illegal refining. These challenges are managed by a joint venture, which Shell's former subsidiary operated, using its expertise in spill response and clean-up.'
Yahoo
20-06-2025
- Business
- Yahoo
Nigerian communities set to have oil pollution High Court claims tried in 2027
Residents of two Nigerian communities who are taking legal action against Shell over oil pollution are set to take their cases to trial at the High Court in 2027. Members of the Bille and Ogale communities in the Niger Delta, which have a combined population of around 50,000, are suing Shell plc and a Nigerian-based subsidiary of the company, the Shell Petroleum Development Company of Nigeria, which is now the Renaissance Africa Energy Company. The two communities began legal action in 2015, claiming they have suffered systemic and ongoing oil pollution for years due to the companies' operations in the African country, including pollution of drinking water. They are seeking compensation and asking for the companies to clean up the damage caused by the spills. The companies are defending the claims, saying that the majority of spills are caused by criminal acts of third parties or illegal oil refining, for which they are not liable. On Friday, Mrs Justice May ruled on more than 20 preliminary issues in the claims, following a hearing held in London over four weeks in February and March. She said that 'some 85 spills have, so far, been identified', but added that the case was 'still at a very early stage'. Her findings included that Shell could be sued for damage from pipeline spills caused by third parties, such as vandals, in efforts to steal oil, a process known as bunkering. She also said that while there was a five-year limitation period on bringing legal claims, a 'new cause of action will arise each day that oil remains' on land affected by the spills. The cases are due to be tried over four months, starting in March 2027. Reacting to the ruling, the leader of the Ogale community, King Bebe Okpabi, said: 'It has been 10 years now since we started this case, we hope that now Shell will stop these shenanigans and sit down with us to sort this out. 'People in Ogale are dying; Shell need to bring a remedy. 'We thank the judicial system of the UK for this judgment.' Matthew Renishaw, international development partner at law firm Leigh Day, which represents the claimants, said: 'This outcome opens the door to Shell being held responsible for their legacy pollution as well as their negligence in failing to take reasonable steps to prevent pollution from oil theft or local refining.' He continued: 'Our clients reiterate, as they have repeatedly for 10 years, that they simply want Shell to clean up their pollution and compensate them for their loss of livelihood. 'It is high time that Shell stop their legal filibuster and do the right thing.' A Shell spokesperson said that the company welcomed the judgment. They said: 'For many years, the vast majority of spills in the Niger Delta have been caused by third parties acting unlawfully, such as oil thieves who drill holes in pipelines, or saboteurs. 'This criminality is the cause of the majority of spills in the Bille and Ogale claims, and we maintain that Shell is not liable for the criminal acts of third parties or illegal refining. 'These challenges are managed by a joint venture which Shell's former subsidiary operated, using its expertise in spill response and clean-up. 'The spills referenced in this litigation were cleaned up by the joint venture regardless of the cause, as required by Nigerian law, working closely with government-owned partner NNPC Ltd, Nigerian government agencies and local communities. 'Clean-up certificates were issued by the Nigerian regulator NOSDRA.' The High Court and the Court of Appeal ruled in 2017 and 2018, respectively, that there was no arguable case that Shell owed the claimants a duty of care, but the Supreme Court ruled in 2021 that there was a 'real issue to be tried'.
