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Posts under ‘Nigeria’

Ebola in Nigeria: Royal Dutch Shell issues warning to employees

By John Donovan I received an email from a regular contributor at noon today advising that “Ebola has reached Port Harcourt now. No doubt you are aware Shell has ‘some’ operations there…” The contact also supplied a BBC News article: Ebola spreads to Nigeria oil hub Port Harcourt Before I had time to decide whether to […]

Royal Dutch Shell Retreat from Nigeria

The FT states: “Shell’s phlegmatic chief executive Ben van Beurden will need to hold his nose when he takes the money…” and in a related article, describes Shell’s actions as a “retreat from the Niger Delta” (triggered in part by militancy, violence and bunkering). By John Donovan The global firesale of Shell assets continues with […]

Royal Dutch Shell News Roundup 25 August 2014

RUSSIA Jeroen van der Veer, the former Royal Dutch Shell CEO who evaded responsibility for his role in the cover-up of the Shell reserves fraud, claims that the sanctions against Russia are not working and are counter-productive. This analysis comes from the man who badly misjudged the Putin regime in 2006 and as a result, ended up meekly surrendering […]

Robert Writt vs. Shell Oil Company – Update

The litigation relates to a corruption case in which Shell was ordered to pay $48 million (£29.4m) in civil and criminal fines after its contractor (Panalpina Inc.) bribed Nigerian customs officials. It appears Shell decided  to make Robert Writt the fall guy for Shell’s involvement in the massive corruption scheme (targeting officials of a host […]

Roundup of Royal Dutch Shell News 16 August 2014

SHELL’S USA FIRE SALE The New York Times reports that the Blackstone Group, a private equity company, is paying Royal Dutch Shell $1.2 billion for a stake comprising more than 107,000 net acres in Louisiana. MORE A related article by BusinessReport.com features a quote from Marvin Odum, president of Royal Dutch Shell’s U.S. division, Shell […]

Royal Dutch Shell Plc .com News Round-up 12 August 2014

A frosty reception for Shell sponsorship; Oil and Gas company debt soars to danger level; Shell a gigantic flea By John Donovan UK The Telegraph City Diary column has commented on Shell’s embarrassment at arts sponsorship monies being returned to the  company in Ireland. “First the Antarctic, now Ireland. The list of countries where Royal […]

Royal Dutch Shell News Roundup Monday 11 Aug 2014

Rejection in Australia, Oil Spill Fire in Nigeria, Fire sale in the USA, Asbestos lawsuit in the UK By John Donovan AUSTRALIA The Australian reports that a fortnight after Woodside Petroleum shareholders scuttled a $2.7 billion plan to remove Royal Dutch Shell from the company’s share register, Woodside has bought a 40% stake in a […]

Shell’s unwelcome sponsorship of the arts

By John Donovan Earlier this year campaigners and climate activists applauded the end of the Shell Classic International series at the South Bank Centre in London.  SEE: Campaigners celebrate end of Shell’s Southbank sponsorship Protestors, including from the Shell OUT SOUNDS organisation and PlatformLondon.org strongly objected to what has been aptly described as “oil-branded concerts.” All take particular […]

First oil produced from SNEPCO-operated Bonga North West deep-water project in Nigeria

VERBATIM FROM A SHELL PRESS RELEASE 6 AUGUST 2014 06 Aug 2014 Shell’s deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Ltd (SNEPCo) started oil production from the first well at the Bonga North West deep-water development off the Nigerian coast on Tuesday 5 August 2014, another milestone for the country’s energy industry. […]

Failure to clean Niger Delta oil pollution still devastating people’s health: Amnesty

Extracts from an Associated Press article by MARAM MAZEN published 3 August 2014 LAGOS, Nigeria – Little action has been taken to clean up pollution caused by oil production in Nigeria’s Niger Delta region, either by the government or Shell Oil, Amnesty International and other groups charged Monday. Oil production has contaminated the drinking water […]

Oil prospectors shifting focus back to wealthy, more predictable countries

Extracts from a Seeking Alpha article published 28 July 2014 Companies including Shell, Chevron and Exxon are diverting more and more funds to the world’s richest economies, as they grow tired of the risks of working in violent and corrupt places for the reward of finding oil and gas reserves that can be profitably exploited… The […]