Shell Oil Spills in Nigeria Declines to 600 Tonnes
Shell reported a sharp decline in crude oil spilled as a result of sabotage in Nigeria’s oil-rich Delta in 2022 reflecting the closure of operations for six months in the wake of attacks.
The volume of crude oil spilled caused by sabotage in the Delta fell to 600 tonnes from 3,300 tonnes the previous year, Shell said in its annual report. The number of such spills fell to 75 from 106.
“The decreased number of incidents in 2022 correlates with a shutdown of production for about six months because of an unprecedented increase of crude oil theft from the Trans Niger Pipeline (TNP),” Shell said.
Shell is the operator of Nigeria’s main onshore oil and gas joint venture SPDC which has struggled for years with operational incidents, theft and sabotage.
In a related development, Shell’s emissions dipped by about 10% in 2022 to 1.232 billion tonnes of CO2 equivalent, according to its annual report on Thursday and Reuters calculations.
The energy group reported Scope 1 emissions, which are from its own operations, of 51 million tonnes. Scope 2 emissions, from the electricity it uses, were 7 million tonnes while Scope 3 emissions from combustion of the fuel it sells were 1.174 billion tonnes
Net carbon intensity, the main measure Shell uses for its energy transition strategy, fell by 1.3% to 76 grams of CO2 equivalent per megajoules, Shell said.
Measuring emissions performance by intensity means a company can technically increase its fossil fuel output and overall emissions while using offsets or adding renewable energy or biofuels to its product mix.
Elsewhere, Shell’s former chief executive, Ben van Beurden, received a pay package of 9.7 million pounds ($11.5 million) last year, up 53% from 2021, the group said in its annual report on Thursday.
The oil major delivered a record $40 billion profit in 2022, capping a tumultuous year in which a surge in energy prices after Russia’s invasion of Ukraine allowed it to hand shareholders unprecedented returns.
Van Beurden was paid 7.4 million euros ($7.8 million) in 2021 – a different currency because Shell had yet to move its headquarters from the Netherlands to Britain.
He was replaced at the helm by Wael Sawan, former head of Shell’s gas and renewables business, at the beginning of this year.
The annual report said Sawan was appointed on a salary of 1.4 million pounds, a pay component typically outstripped by additional performance-related payments. # Shell Oil Spills in Nigeria Declines to 600 Tonnes
