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Posts under ‘Nigeria’

Shell knew of fraud and moneylaundering activities during purchase of an oilfield in Nigeria

This story is currently being reported by multiple Dutch news publishers on 31 Jan 2015 Non professional translation Shell knew of dubious practices in Nigeria Shell knew of fraud and moneylaundering activities during the purchase of an oilfield in Nigeria. This is a statement in OneWorld magazine in an investigation of “dubious” trading in the […]

Who Will Rule the Oil Market?

OPINION ARTICLE BY DANIEL YERGIN PUBLISHED IN PRINT BY THE NEW YORK TIMES ON SATURDAY 25 JAN 2015 WASHINGTON — A HISTORIC change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the […]

Detoxifying Shell’s online image: Possible or Impossible? 

By John Donovan  Royal Dutch Shell has appointed Possible as its global digital agency, starting with corporate brand work. Seems a safe assumption that one important aspect will be an attempt to detoxify the reputation of Shell, which has recently agreed to pay huge settlements of litigation arising from environmental pollution in Nigeria and the […]

What Shell’s Settlement of Environmental Pollution in Ogoni Means

An article by guest contributor Ben Ikari The recent settlement by $hell Petroleum Development Company of $83.5 million to the Ogoni community of Bodo, as out-of-court compensation in the United Kingdom, for two oil spills caused by company’s negligence in 2008, is a sign of hope. It is a welcome development in the Ogoni struggle […]

Niger delta communities to sue Shell in London

From an article by John Vidal published by The Guardian on Wed 7 Jan 2015 under the headline: “Niger delta communities to sue Shell in London for oil spill compensation” Niger delta communities hit by oil spills will bypass Nigerian courts and try to sue Shell and other oil companies in London following the £55m […]

Shell settles Nigerian oil spills claim for $83.5 million

An AFP article published 7 Jan 2015 by Mail Online under the headline: “Shell strikes Nigerian oil spills compensation deal” Royal Dutch Shell has agreed a multi-million-dollar settlement to compensate 15,600 Nigerian fishermen over two serious oil spills in 2008 after a three-year legal battle, both parties announced Wednesday. The Anglo-Dutch energy giant’s Nigerian arm […]

Shell must put BP out of its misery

Article by Jeremy Warner published on 4 Jan 2015 in The Sunday Telegraph Valued at nearly £140bn, Shell is today worth almost twice as much as BP. Shell must put BP out of its misery before anyone else pounces. Here’s an idea that has investment bankers drooling in anticipation, but needs to be killed off here […]

CEO Ben van Beurden finally endorses Shell Business Principles

By John Donovan After our long campaign for Ben van Beurden, the Chief Executive Officer of Royal Dutch Shell Plc, to sign Shell’s statement of General Business Principles, he has at last got round to doing so. I do not know what the reluctance was about, or why it took a year of cajoling on our […]

Shell and the National Gallery: welcome to a Moral Maze

Spotted this article on the website of the former Royal Dutch Shell executive, Paddy Briggs.  By Paddy Briggs I went to the superb exhibition “Rembrandt: The Late Works” at the National Gallery yesterday. The exhibition is sponsored by Shell – quite strongly as it happens. There are a couple of prominent Shell promotional displays and […]

Evil repercussions of Kiobel v. Royal Dutch Petroleum U.S. Supreme Court Decision

Plaintiff Esther Kiobel (L) joins a protest against Royal Dutch Shell Petroleum in front of the U.S. Supreme Court in Washington October 1, 2012. REUTERS/Gary Cameron By John Donovan Yesterday, Reuters published an article about the legal repercussions in the USA from the landmark decision in 2013 by the U.S. Supreme Court in the famed Kiobel v. […]

Opec is finished – the oil crash will continue

The Opec oil cartel no longer exists in any meaningful sense and crude prices will slump to $50 a barrel over the coming months as market forces shake out the weakest producers, Bank of America has warned. The major oil companies will have to cut back on projects with a break-even cost below $80 for Brent […]