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Posts under ‘Malabu Oil Deal’

Malabu Oil: Trial of Shell, Eni CEO, Other Top Executives, Begin Monday

By Bayo Akinloye: 12 MAY 2018

The Royal Dutch Shell and Eni, along with a number of their senior executives, will on Monday face criminal charges in Milan, Italy, for alleged aggravated international corruption for their role in a $1.1bn deal for a Malabu Oil’s OPL 245.

This was made known in a statement yesterday by the international corruption watchdog, the Global Witness.

It noted that no company as large as Royal Dutch Shell or senior executives of a major oil company had ever stood trial for bribery offences.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Nigerian rights group files suit to revoke Malabu oilfield license

Chijioke Ohuocha: MAY 8, 2018

LAGOS, May 8 (Reuters) – A Nigerian civil rights group launched a legal case on Tuesday aimed at forcing the government to revoke a disputed 2011 oilfield deal at the centre of a string of international corruption investigations.

The case, heard at a court in the commercial hub Lagos, relates to the purchase of the offshore OPL 245 oilfield in Nigeria by oil majors Royal Dutch Shell and Eni in 2011. The field has estimated reserves of 9 billion barrels.

At the core of the case is a $1.3 billion payment from Shell and Eni to secure the block from Malabu Oil and Gas, allegedly controlled by former Nigerian oil minister Dan Etete. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Malabu Scandal: Court to hear case to force seizure of oil block

“This corrupt deal is spawning legal action all over the world. Global Witness wholeheartedly supports the move to revoke the rights to this oil block. Shell and Eni should not be allowed to profit from their appalling behaviour…”

May 7, 2018

On Tuesday, the Federal High Court of Nigeria will hear a case to compel the Nigerian government to take back one of Nigeria’s most lucrative oil blocks, which has been at the centre of a $1.1 billion multinational corruption scandal.

The case is brought by Nigerian civil society organization, Human Environmental Development Agenda (HEDA), who are demanding that the government “revoke the Operating Production Licence (OPL) 245 on grounds that the entire Malabu transaction in relation to the OPL 245 is unconstitutional, illegal and void as it was not legally granted, same having been obtained fraudulently vide corrupt practices.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell’s retired spy chief Ian Forbes McCredie CMG OBE

Extract from the ebook “John Donovan, Shell’s Nightmare” (now available on Amazon websites globally)

(BACKGROUND INFORMATION ABOUT SHELL’S EPIC 25 YEAR FEUD WITH JOHN DONOVAN – which puts the extracts below in overall context.)
The extract below should be read in the context of the fact that we were besieged by undercover activity during the run-up to the SMART High Court Trial – the climax of our litigation alleging that Shell had stolen Intellectual Property from our company Don Marketing. Shell brought a Counterclaim amid a barrage of aggressive threats and sinister activity directed against us. Shell did not disclose its close connection with a private spy firm Hakluyt & Company populated by former senior MI6 officers (such as Ian Forbes McCredie and other retired or freelance spooks). As Shell CEO Ben van Beurden mentioned in an illuminating wire-tapped telephone conversation with then CFO Simon Henry, Shell hired such MI6 people including Guy Colegate and John Copleston to negotiate with Dan Etete in the corrupt OPL 245 Nigerian oil deal. Both “people” are now defendants in a criminal action brought in Italy.

Extracts below from pages 108

IAN FORBES MCCREDIE CMG OBE

A former senior British Secret Intelligence Service (SIS) officer, Ian Forbes McCredie was, until December 2010, Vice President of Corporate Security for Royal Dutch Shell aka Shell Corporate Affairs Security (CAS).

Mr. McCredie is closely associated with Hakluyt. When I sent an email to him at Shell, I received a response from his Hakluyt email address.

His spook duties at Shell were listed in his CV published online (as of October 2015). See center box.

A retired senior FBI official, Richard T. Garcia, was Global Security Manager for Shell Americas. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

JP Morgan says it knew ex-minister linked to firm in Nigeria oilfield deal

Shell said in April last year that it “always knew” the Nigerian government would compensate Malabu and that Etete was involved. It had previously told Reuters only that payments went to the Nigerian government.

Julia PayneLibby George 7 April 2018 LONDON (Reuters) – JP Morgan Chase has acknowledged it knew a former Nigerian oil minister convicted of money laundering would benefit when it transferred over $800 million of government funds to a company he controlled, according to a court document seen by Reuters.

JP Morgan made the acknowledgement in its legal response to a lawsuit filed by Nigeria over transactions made by the U.S. bank when Royal Dutch Shell and Eni bought offshore oilfield OPL 245 from Malabu Oil and Gas in 2011. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Finally Admits Bribery, Corruption As 4 Former Staff Face Criminal Trial In Milan

After years of claiming that its system is bribery and corruption-free, oil giants, Shell, on Wednesday, admitted that one of its most senior executives may have received kickbacks in return for an oil deal. Mr. Peter Robinson, a former Shell employee, and three other former executives are to face criminal charges in Milan, Italy, for another corrupt deal.

BY SAHARA REPORTERS, NYMAR 28, 2018

After years of claiming that its system is bribery and corruption-free, oil giants, Shell, on Wednesday, admitted that one of its most senior executives may have received kickbacks in return for an oil deal. Mr. Peter Robinson, a former Shell employee, and three other former executives are to face criminal charges in Milan, Italy, for another corrupt deal.

Shell’s admission that its system may not be free of bribery and corruption was made in a statement it issued on Wednesday. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell files criminal complaint against former executive

Allegations centre around kickbacks from the sale of an oilfield in Nigeria

, Energy Editor

…the emergence of new corruption allegations involving a second Shell deal in Nigeria will focus further unwelcome scrutiny on the company’s conduct in the country. “We suspect a crime may have been committed by our former employee, Peter Robinson, against Shell in relation to the sale process for OML 42,” the Anglo-Dutch group said in a statement. FULL FT ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Malabu Oil Deal: Shell Suspects Crime Over Another Oil Bloc In Nigeria

While carrying out investigations over allegations in the purchase of the controversial Oil Prospecting License (OPL) 245, Royal Dutch Shell Plc said it  discovered that one of its ex-vice-president, Peter Robinson may be culpable of crimes in the sale of another oil bloc, Oil Mining License (OML) 42. The oil company has continued to deny any wrongdoing in the Malabu scandal.

BY SAHARA REPORTERS, NEW YORK: MAR 28, 2018

While carrying out investigations over allegations in the purchase of the controversial Oil Prospecting License (OPL) 245, Royal Dutch Shell Plc said it  discovered that one of its ex-vice-president, Peter Robinson may be culpable of crimes in the sale of another oil bloc, Oil Mining License (OML) 42.

The oil company has continued to deny any wrongdoing in the Malabu scandal.

In the course of its self-inquisition, Shell said it began to suspect that accounts in Switzerland and a company in Seychelles in Robinson’s name were used to take kickbacks from the sale of OML 42, Bloomberg quoted a source within the company as saying. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell, Eni preempt any U.S. probe over Nigeria with filings

Libby George: 13 MARCH 2018

LONDON (Reuters) – Oil giants Royal Dutch Shell and Eni have voluntarily filed to U.S. authorities internal probes into how they acquired a giant field in Nigeria as the companies seek to fight corruption allegations in Europe and Africa.

The filings, to the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), do not mean U.S. authorities are investigating Shell or Eni.

But the move shows the companies are trying to preempt questions from the United States as they face one of the oil industry’s biggest-ever graft trials in Italy, to begin in May in Milan, a pending trial in Nigeria and an investigation in the Netherlands. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Nigeria’s Attorney General Has Attempted To Scuttle The Trial Of Shell And ENI Executives

BY SAHARA REPORTERS, NEW YORK: MAR 05, 2018

A statement by a Civil Society organization monitoring the trial of Royal Dutch Shell and Italian ENI executives over multibillion-dollar bribery has revealed that Nigeria’s Attorney General, Abubakar Malami is working against Nigeria’s interest as he sent a rookie lawyer to represent Nigeria at the court trial. In the opening hearing today, the lawyer identified as Hillary Seidu told the court Nigeria doesn’t want to seek any damages from the indicted multinational corporations.

A statement by a Civil Society organization monitoring the trial of Royal Dutch Shell and Italian ENI executives over multibillion-dollar bribery has revealed that Nigeria’s Attorney General, Abubakar Malami is working against Nigeria’s interest as he sent a rookie lawyer to represent Nigeria at the court trial. In the opening hearing today, the lawyer identified as Hillary Seidu told the court Nigeria doesn’t want to seek any damages from the indicted multinational corporations. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Italy court postpones to May 14 trial of Eni, Shell over Nigeria

Reuters Staff: BUSINESS NEWS: MARCH 5, 2018 / 11:00 AM

MILAN (Reuters) – An Italian court on Monday postponed to May 14 the start of a trial of Royal Dutch Shell (RDSa.L) and Eni (ENI.MI) executives over alleged corruption in Nigeria.

The decision confirms what three sources had told Reuters on Friday. The trial was originally expected to start on Monday.

The case involves the 2011 purchase by Eni and Shell of Nigeria of Nigeria’s OPL-245 offshore oilfield – one of Africa’s most valuable oil blocks – for about $1.3 billion (941.07 million pounds). read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

The Disappearing $1.1 Billion Behind Shell, Eni Trial: QuickTake

Royal Dutch Shell Plc and Eni SpA are going to trial in Italy over bribery charges involving an oil field in Nigeria. Two things are unusual about the case. One is the sheer scale of the sum involved — $1.1 billion. The other is that the defendants include Eni’s Chief Executive Officer Claudio Descalzi, the company’s former CEO and a former top executive at Shell. The trial begins Monday in Milan.

1. What was the $1.1 billion for?

It was paid by the companies to the Nigerian government in 2011 for a license to drill in deep waters off the Nigerian coast. The license had been in dispute for years. It had originally been awarded in 1998 by the country’s military dictator, Sani Abacha, to Malabu Oil and Gas Ltd., a Lagos-based company connected to then-Petroleum Minister Dan Etete. Under successive governments, the license was canceled, awarded to Shell, and then awarded to Malabu again before the 2011 deal. Shell and Eni also paid the government about $200 million as a signature bonus — a onetime fee charged by some oil-producing nations. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell, Eni bribery trial postponed until May

A corporate bribery trial in Milan billed as the biggest in history has been postponed. Court proceedings against oil companies Shell and Eni over corruption in the Nigerian oil sector will now only start in mid-May.

Oil giants Eni and Shell are going on trial in Milan only on May 14, AFP news agency reported, with court proceedings originally scheduled to start on Monday. The firms are charged with bribery and corruption in the purchase of an offshore oilfield in Nigeria.

The two companies stand accused of handing out bribes during the 2011 purchase of OPL245, an oil block estimated to hold 9 billion barrels of crude.

Both firms have denied the charges against them. “Eni expresses its full confidence in the judicial process and that the trial will ascertain and confirm the correctness and integrity of our conduct,” the Italian company said in a statement. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Eni and Shell trial over Nigeria kickbacks postponed

Eni and Shell stand accused of handing out bribes during the 2011 purchase of an offshore oil block estimated to hold 9 billion barrels of crude, for $1.3 billion

A trial for oil giants Eni and Shell over bribery and corruption allegations in the purchase of an offshore oilfield in Nigeria was delayed for two months on Monday.

The trial had been set to start in a Milan court, but the judge said that, due to a high number of cases, it would be transferred to another chamber to avoid further delays. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

OPL 245 corruption scandal coming to the boil again

On Friday 2 March, Reuters reported that the criminal trial in Italy against Royal Dutch Shell and Eni executives in relation to the OPL 245 oil deal due to start Monday, 5th March, has been transferred to another court in Milan, thereby delaying the proceedings.

Yesterday, 4 March, the UK Guardian newspaper published an article Oil deal corruption trial in Italy is ‘wake-up call for industry‘ indicating the trial is still commencing on Monday 5 March. It says that Shell’s Malcolm Brinded is due in court. It also mentions the involvement of Shell executive John Copleston, one of the former MI6 employees hired by Shell. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Two oil majors face trial over a controversial deal in Nigeria

Royal Dutch Shell and Eni are about to go on trial over an alleged bribery scheme to secure a valuable oil field

Dutch investigators, too, are on Shell’s back. They raided its offices in The Hague in 2016 and tapped the phone of Ben van Beurden, Shell’s current chief executive. A sizeable team of Dutch investigators is still working on the case…

…informed Eni that America’s FBI, which was following the OPL 245 money trail, had contacted him about testifying…

Both firms would face fines not only in Europe but possibly also in America, whose crime-busters could use the deferred-prosecution agreements from 2010 to brand Shell and Eni repeat offenders, calculating their fines accordingly.

Mar 3rd 2018

RESOURCE-RICH Nigeria has long ignited interest from oil firms, but it can be a dangerously combustible environment when it comes to the risk of corruption. Two firms caught up in scandals are Royal Dutch Shell and Eni, Italy’s state-backed energy group. In 2010 both entered into deferred-prosecution agreements with America’s Department of Justice after being implicated in separate Nigerian bribery schemes. But those pale beside a case involving the two companies that is set to go to trial in Milan on March 5th. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
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