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Posts from ‘May, 2013’

A taxing time for Shell

By John Donovan After Shell’s Arctic ambitions hit the rocks at the end of December 2012, Shell initially conceded that the ill-fated Kulluk drilling rig had left port under tow to avoid taxes. Shell then backtracked. Shell chief executive Peter Voser rejected accusations that tax issues were a factor in the move. Now we have […]

Nigerian way of life under threat from pollution

30 May 2013 Last updated at 07:24  Oil pollution is a continuing problem in the Niger Delta, with thousands of oil spills polluting farmland as well as lakes and rivers. The damage to natural resources has forced many communities to relocate, in order to find the means to make a living. But what was life […]

Shell under the skin, 10 years after crisis

For years, the independent investigation by law firm Davis Polk & Wardwell showed, executives had exchanged emails about “lying” and “fooling the market”. The would-be whistleblower, Van de Vijver, wrote in December 2003 that a report on the real reserves position “needs to be destroyed”. By Andrew Callus LONDON | Wed May 29, 2013 7:31pm […]

An Apology

By John Donovan Many of our visitors will have encountered problems accessing this website in recent days. Since Saturday night the site has once again been under exceptional traffic loads as a result of further denial of service attacks by an unknown party – and has repeatedly been forced offline.  As a consequence, we are […]

Shell To Start Drilling In Benin, Gabon For First Time

28 May 2013 VENTURES AFRICA – Oil and gas giant, Royal Dutch Shell (Shell), is set to prepare a newly-repaired oilrig to start drilling for the first time off the coast of Benin and Gabon, Dow Jones Newswires reported late on Monday. According to the newswire, the company has also targeted South Africa’s northwestern coast […]

Discovery ongoing in discrimination suit against Motiva

FROM THE SOUTHEAST TEXAS RECORD By David Yates: May 27, 2013 9:02 PM With a trial slated for September, discovery is still ongoing in litigation brought against Motiva Enterprises, which alleges the company discriminated against a black Port Arthur woman by allowing a white male certain privileges.  As previously reported, Carolyn Warwick filed a lawsuit […]

Shell Admits Kulluk Rig was Moved to Avoid Taxes

By Charles Kennedy | Mon, 27 May 2013 21:47 On 7th December 2012 Shell decided to move the Kulluk floating drill platform from its berth in Dutch Harbour, south to a Seattle shipyard where it would receive major repairs and general maintenance during the off-season. Shell claimed that they had assessed the possibility of making […]

Shell Admits Real Reason Coast Guard Had To Rescue Its Arctic Drilling Rig: Failed Tax Avoidance Scheme

By Ryan Koronowski on May 28, 2013 at 6:17 pm The main reason an offshore oil rig ran aground off the coast of Alaska late last year was because oil company Royal Dutch Shell was trying to depart state waters to avoid paying millions in taxes. Sean Churchfield, operations manager for Royal Dutch Shell in […]

Shell contractor testifies tow setup for Kulluk was modified

By LISA DEMER — [email protected]: Published May 28, 2013 An employee for a Shell contractor testified Tuesday that a heavy chain — which investigators indicated can be used to absorb the force of rough weather — was eliminated from the towing setup for Shell’s drilling rig, the Kulluk, because of concerns about handling the gear. […]

Oil Probe That EU Says Mirrors Libor May Reveal Huge Damage

Oil-price manipulation may have wrought “huge” damage to consumers, the European Union’s antitrust chief said today, as he drew comparisons with EU investigations into rigging of bank rates including Libor. EU Competition Commissioner Joaquin Almunia said, “If de facto the manipulation is confirmed, indeed, huge damages for consumers and users would have been originated by […]

BP & Shell Fixed North Sea Oil Prices for a Decade, Trader Says