SPDC agrees £55million settlement after pipeline spills


The Shell Petroleum Development Company of Nigeria Limited (SPDC) has agreed a £55million settlement with the Bodo community. Shell’s Nigerian subsidiary has made the payment in respect of two operational spills in 2008. The SPDC said the compensation will provide an individual payment for those affected who agree to the settlement payment totalling £35million.

Oil & Gas

Obama Keystone veto threat spurs Democrat’s plea for compromise


President Barack Obama will not sign a bill introduced that would approve the Keystone XL oil pipeline, his spokesman said, as a top Democratic supporter urged the administration to seek a compromise. A bill to sidestep an agency review was the Republican’s first legislation introduced as they took control of both the House and Senate for the first time since 2007. The measure has enough sponsors to pass but not enough to override a veto.

Oil & Gas

Pipeline shutdown after leak


Canadian operator Enbridge shut down one of its pipelines after a leak at the Regina Terminal in Saskatchewan. A release from the line within the on-site pumping station had been reported. A spokesman said there was no impact to the public, wildlife or waterways following the incident.


BG Group sells Australian pipeline for $5billion


BG Group has agreed to sell its Australian pipeline business for $5billion to the APA Group. The subsidiary, QCLNG Pipeline, owns a 543 kilometre underground pipeline network which links BG group’s natural gas field in southern Queensland to a two-train export facility. It was constructed between 2011 and 2014 and has a value of $1.6billion.

Oil & Gas

Putin scraps South Stream Gas Pipeline after EU pressure


President Vladimir Putin said Russia scrapped a proposed $45 billion Black Sea pipeline to carry gas to Europe, the latest sign economic ties with the European Union are breaking down as the Ukraine crisis persists. Shelving the South Stream project ensures pipelines through Ukraine will remain vital supply links to Europe for years to come. The route under the Black Sea would have offered Russia’s OAO Gazprom a more direct path to feed the continent’s gas needs, a plan the EU objected to because it would reduce Ukraine’s leverage against its neighbor.