LONDON (Reuters) – Royal Dutch Shell said on Wednesday it has yet to carry out an assessment of an offshore oil field in Nigeria, a step required before it restarts output shut since February by rebel attacks.
On Monday, Shell said that it hoped the assessment of the EA field in Nigeria, which pumps 115,000 barrels a day, could take place as early as this week.
“The pre-resumption assessment indeed has not taken place yet,” Shell spokeswoman Caroline Wittgen said. She said production would resume “as soon as possible and when it's safe to do so.”read more
DAYS after being spared another stint in jail, the Rossport Five are adamant that they will continue to resist the laying of the Corrib Gas pipeline along its proposed route.
Speaking to The Mayo News on Monday, Willie Corduff, one of the five men who spent 94 days in Cloverhill Prison last summer for breaching a court order, vowed that the proposed gas pipeline is ‘not going to happen’ – unless Shell E&P alter their plans substantially.read more
LONDON (AP) — Britain's Financial Services Authority on Tuesday fined Deutsche Bank AG 6.4 million British pounds ($11.2 million) for market misconduct, the third largest penalty the watchdog has ever imposed.
The fine relates to two improper transactions by Deutsche Bank, Germany's largest commercial bank, in March 2004 involving shares of Swedish truck maker Scania AB and of Swiss biotechnology firm Cytos Biotechnology AG.read more
AUSTIN, Texas (AP) — University of Texas senior Thuan Phan switched majors from computer science to geological sciences, figuring the field trips would make it more fun. Now his degree turns out to be lucrative, too.
''Big Oil'' has been doing some big recruiting on U.S. campuses this year — as have many smaller companies in the petroleum and natural gas business. The combination of high prices, an aging work force and a tight pipeline of trained workers has the industry desperate for talent. Phan accepted a $55,000-per-year offer in Houston at Schlumberger Ltd., an oilfield services firm.read more
Supply fears fuel trading frenzy and record oil prices
Lloyds List; Apr 12, 2006
OIL prices climbed to record levels yesterday on the back of supply fears in Nigeria and Iran, writes Martyn Wingrove.
Traders in London and New York ploughed into the market to buy light crude oil as they anticipated growing demand for gasoline in the summer and a shortfall in capacity.
Fears of a disruption in supplies due to continued troubles in Nigeria and a confrontation in Iran pushed London's Brent crude prices to all-time highs.read more
The Times: Banker departs as Deutsche is fined £6m over Scania
By Tom Bawden
DAVID MASLEN, the banker at the centre of a controversial share sale that landed Deutsche Bank with the City watchdog’s third-largest ever fine, left the bank abruptly only days before the fine was made public yesterday.
Mr Maslen was Deutsche Bank’s head of European cash trading when, in March 2004, Volvo hired the bank to sell £1.1 billion of shares that it owned in Scania, the Swedish lorry maker.
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The Financial Services Authority (FSA) fined the bank £6.3 million for “failing to observe proper standards of market conduct”. Mr Maslen was fined £350,000 for “being knowingly concerned in the failure to observe proper standards of market conduct”.
Deutsche Bank confirmed that Mr Maslen had left the company, but declined to say whether he had been dismissed. A spokesman for Mr Maslen denied suggestions that he had been sacked and said that his contract was “terminated by mutual agreement”. read more
Deutsche fined £6.3m for market misconduct By Robert Miller (Filed: 12/04/2006)
The London arm of Deutsche Bank has been fined £6.3m for market misconduct by the Financial Services Authority (FSA) the third-largest penalty ever levied by the City watchdog.
David Maslen, former head of European Cash Trading at Germany's biggest bank, was personally fined £350,000, the highest FSA penalty to be levied on an individual.
The watchdog's disciplinary action relates to two separate deals in March 2004. In the first Deutsche, which employs 6,626 staff in London, agreed to buy nearly 64m shares in Sweden's Scania for £1.1bn from Volvo and sell them on through an accelerated book-building exercise. read more
The Financial Services Authority has slapped a £6.4m fine on Deutsche Bank, the third largest imposed by the financial markets' watchdog.
The bulk of the fine, some £5.9m, was imposed for market misconduct and a further £500,000 for failing to conduct business with “due care, diligence and skill”.
The FSA also fined David Maslen, the former head of cash trading at Deutsche Bank, £350,000. It said the size of the fine imposed on Mr Maslen, who has left the bank, took account of the disciplinary action taken against him by Deutsche Bank including cutting his 2004 bonus by €1.83m (£1.27m). read more
Terry Macalister Wednesday April 12, 2006 The Guardian
Shell was ordered yesterday by a court in Lagos to end its practice of “flaring” off excess natural gas at oil fields in Nigeria within 12 months.
The company has been given six weeks to come up with a detailed plan for the Iwherekan region to halt flaring, considered one of the worst causes of global warming.
The ruling follows an earlier judgment in favour of local resident Jonah Gbemre and the Iwherekan community. Nigeria is the world's biggest gas flarer and the practice is said to provide more greenhouse gas emissions than all other combined sources in sub-Saharan Africa.
Published: April 12 2006 03:00 | Last updated: April 12 2006 03:00
Royal Dutch Shell, the Anglo-Dutch energy group, is holding “preliminary discussions” with the Iraqi government to overhaul its oil metering system, blamed for allowing billions of dollars in revenues to be siphoned-off.
BP, the UK-based energy company, was also reported to be talking to the Iraqi oil ministry about participating in the work. However, the company said it had “not signed anything” relating to the metering contract with the Iraqi government.
Shell and BP are already conducting separate technical work for the Iraqi oil ministry, studying the Kirkuk and Rumeila oilfields respectively. A contract to fix the metering system would help the companies increase their foothold in the country, which has the second-largest oil reserves after Saudi Arabia.
Shell is also conducting technical studies on the Maysan oilfield in the south of Iraq and helping the country draw up a gas “masterplan”, the company said. Like other companies, it is doing most of its work from neighbouring countries because of security concerns.
A watchdog led by the UN has, for two years, been calling for the installation of proper metering equipment to halt oil smuggling.
The International Advisory and Monitoring Board criticised the US administrator of Iraq in mid-2004 for delays in installing metering equipment to measure how much oil was being pumped.
However, Iraqi government officials have said the project could take another two years to complete.
Both Shell and BP have signed memorandums of understanding with Iraq's oil ministry to provide technical assistance to Iraq's oil ministry.
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JOHN DONOVAN TV DOCUMENTARY INTERVIEW
SHELL EXECUTIVES AT THE CENTER OF A SCHEME TO STEAL $1.3 BILLION FROM NIGERIA’S PEOPLE
SHELL ADMITS DEALING WITH NIGERIAN MONEY LAUNDERER – BBC NEWS
SHELL, ENI AND NIGERIAN OFFICIALS IN OPL 245 CORRUPTION SCANDAL
INVESTIGATION OF OPL 245 NIGERIAN OIL CORRUPTION SCANDAL
DUTCH EARTHQUAKES CAUSED BY SHELL/EXXON
SHELL KILLS FOR OIL IN NIGERIA
SHELL LIED ABOUT CLEANING UP OIL IN NIGER DELTA
SHELL SPIES INFILTRATED NIGERIAN GOVERNMENT
LEGO DROPS SHELL OVER GREENPEACE OIL SPILL VIDEO
SHELL ARCTIC DRILLING ACCIDENTS
SHELL KNEW ABOUT CLIMATE CHANGE DECADES AGO
ROYAL DUTCH SHELL FOUNDER SIR HENRI DETERDING, NAZI FINANCIER
JOHN DONOVAN PROMOTIONAL GAMES FOR SHELL AND OTHER CLIENTS
Listen and read proof in audio and transcript form of Shell CEO Ben van Beurden’s cover-up tactics in the OPL 245 Nigerian corruption scandal. The instruction given by him in the covertly recorded call to CFO Simon Henry was at odds with Shell’s claimed core business principles. Cover-up and obstruction, instead of transparency and integrity, says Shell critic John Donovan
I used shell broadband. It was by far the worst broadband provider ever! The internet did not work most days. I had their super fast broadband and it dropped out constantly. Watching a movie was awful with the constant buffering. Customer support was super slow. Now their going to charge me for the useless router which I have sent back.
Date of experience: 21 November 2023
By far the worst broadband provider ever!
30 November 2023: Posted by John Donovan
The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.
Extremely slow broadband for 10 months, not fixed.I have had slow broadband well below the guaranteed speed for 10 months and Shell Energy have not been able to fix it.They have tried sending about 4 or 5 engineers but have not fixed the problem.Gurps, who I have been dealing with most recently, has been friendly and polite, alth… Read more
I ordered shell energy broadband on nov 2. I was promised connection the following week. They initiated the direct debit. I called the following week and was told router would arrive on 13 and service would go live on 17. No further email or communication until 20 when I was told service would start on 30th. Spent 10 minutes waiting on phone line and spoke to a polite assistant who was absolutely useless in solving my problem. Avoid this unprofessional and chaotic… Read more
Shell Energy Broadband Service is Appalling
The worst ever
I used shell broadband. It was by far the worst broadband provider ever! The internet did not work most days. I had their super fast broadband and it dropped out constantly. Watching a movie was awful with the constant buffering. Customer support was super slow. Now their going to charge me for the useless router which I have sent back.
Date of experience: 21 November 2023
By far the worst broadband provider ever!
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