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Posts under ‘Nigeria’

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 […]

What’s New: Shell Blames Thieves for Recent Oil Spills in Nigeria

In November, Amnesty International released court documents that it said showed Shell knew its pipeline at Bodo was shoddy. Shell denies the claim. Article by Chris Stein published by The Voice of America: 08 December 2014 ACCRA, GHANA—A recent oil spill in Nigeria sent about 3,800 barrels gushing out of a pipeline and into the […]

Shell, Eni, and the $533 million paid out in Nigerian bribes

In October 2014 the media reported that Italian prosecutors were alleging that half of the $1.1 billion paid for an oil producing lease (OPL) by Eni and Royal Dutch Shell had gone on bribes to Nigerian politicians, intermediaries and others. Extracts from an article by Babajide Oladipo Ogundipe: 8 December 2014 In October 2014 the […]

SHELL DEFAMATION CASE HAS PROFOUND IMPLICATIONS

In 2009, Shell Oil Co. was facing allegations of international bribery in Nigeria. It told federal prosecutors that one of its employees approved and facilitated the bribes and then lied about his role to company lawyers. In 2010, the case took an unexpected turn. The employee, senior petroleum engineer Robert Writt, sued for defamation. He […]

Wanted: Shell Senior Legal Counsel to evade Anti Bribery and Corruption laws?

Unfortunately it is unclear if the lucky applicant is expected to advise Shell employees on how to avoid falling foul of bribery and corruption laws, or how to get round them. I suppose its a fine distinction. By John Donovan Just spotted an advert for the job of Senior Legal Counsel for Anti Bribery and Corruption […]

Danger to Shell from Class Action Lawsuits Arising from Bribery

By John Donovan Two articles have just been published about bribery that have relevance to Shell and its shareholders. An article by The Economist under the headline “Graft work” makes the point that “The most briberiddled sectors are oil, gas, mining, construction and transport.” Extract GONE are the days when multinationals could book bribes paid […]

Worst Shell oil spill into Niger Delta for years

COMMENT RECEIVED ON THIS REUTERS ARTICLE FROM A REGULAR CONTRIBUTOR: Shell says the leak was the result of attempted theft…and the leak occurred seven or eight miles from the shore? I guess the oil thieves are now using submarines….. Reuters report December 03, 2014 Thousands of Barrels of Shell Oil Spill Into Niger Delta BONNY […]

Prospects of a Shell BP merger

FROM A REGULAR CONTRIBUTOR Firstly, falls in oil price and resulting low stock prices tend to result in waves of takeovers. Examples during the low price era of the late 1990s – early 2000s: · Exxon took over Mobil · Statoil took over Saga, Norsk Hydro · Chevron took over Texaco, Unocal · Total took […]

BP and Shell in the takeover spotlight

Shell has also been suffering its own share of setbacks recently. Its Alaskan Arctic operations have proved frustrating and it has given up on a natural gas project in Saudi Arabia. Meanwhile, a parliamentary committee in Nigeria is demanding it pay nearly $4bn in compensation for an oil spill in 2011. The Independent: Oil companies […]

Repercussions Of Lower Oil Prices On Energy Sector

Published: November 29, 2014 at 11:11 am EST By: Micheal Kaufman The decision by the Organization of Petroleum Exporting Countries (OPEC) to maintain production at 30 million barrels of oil per day came as a shock for most oil companies. As a result crude oil prices fell drastically and West Intermediate Texas (WTI) was down […]