May 20th, 2013:
Oil Bosses Covered in Mystery Substance
Shell directors face up to 5 years in jail if guilty of price-fixing
Assessment of current situation in the price-rigging investigation partly based on an articled published today by The Lawyer today under the headline “All eyes on energy“:
Groningen Exxon/Shell gas fields – the Dutch earthquake zone
By Anna Holligan BBC News, The Netherlands
As earthquakes become more intense and more frequent in the north of the Netherlands, there is mounting pressure on the government to reduce the amount of gas being extracted there.
It is a curse for thousands of inhabitants having to cope with the effects of living amid the Groningen gas fields – the largest in Europe.
There exists a consensus among all parties – including the gas companies – that the process of extracting the gas is causing earthquakes, but the country is thriving on the proceeds.
You can’t be sure of seeing Shell’s AGM
If you couldn’t travel to the Hague to protest, you could always attend the live link-up in London. But now you can’t even do that
Rupert Neate: The Observer, Sunday 19 May 2013
Angry about the oil giants allegedly fixing the price of petrol for more than a decade? You’ll have a chance to harangue Shell – its offices were raided by European Union officials investigating the claims last week – at its annual general meeting on Tuesday. But only if you get on a plane to the Hague.
Royal Dutch Shell, the British part of which was founded by Lord Bearsted in 1897, has been regularly holding its meeting in the Dutch city most famous for trying war criminals.
EU oil price probe underlines flawed system
FINANCIAL TIMES
By Ajay Makan and Javier Blas in London: May 17, 2013 5:48 pm
In simultaneous raids this week on the offices of the oil majors BP, Royal Dutch Shell and Statoil of Norway, and Platts, a leading price reporting agency that helps set energy benchmark prices, the European Commission has fired the starting gun on one of the biggest cross-country investigations into benchmark pricing since banks were caught red-handed…
(THIS IS THE BEST ARTICLE WE HAVE READ EXPLAINING ABOUT THE INVESTIGATION AND HOW ENERGY BENCHMARK PRICES ARE SET)
Secret papers ‘show how Shell targeted Nigeria oil protests’
Documents seen by The IoS support claims energy giant enlisted help of country’s military government
By Andy Rowell Sunday 14 June 2009
Serious questions over Shell Oil’s alleged involvement in human rights abuses in Nigeria emerged last night after confidential internal documents and court statements revealed how the energy giant enlisted the help of the country’s brutal former military government to deal with protesters.
The documents, seen by the IoS, support allegations that Shell helped to provide Nigerian police and military with logistical support, and aided security sweeps of the oil-rich Niger Delta. Earlier this month Shell agreed to pay $15.5m (£9.6m) in a “humanitarian settlement” on the eve of a highly embarrassing US lawsuit.
Selection of Shell related article links 19 May 2013
Selection of Shell related article links kindly provided by a regular contributor
If ‘everyone knew’ the oil market was open to rigging, why did no one …The Guardian-It is worth spelling out that manipulation of the oil market, which could … Statoil, BP and Shell are not just petrol providers – they are major gas …
European probe into oil price-fixing widens to Finland: Marketplace.org-May 17, 2013: Earlier this week, EU officials raided the offices of three of Europe’s biggest oil companies — BP, Shell and Statoil — and the oil price reporting company Platts, …