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Corruption charge looms for outgoing BHP director Malcolm Brinded

  • The Times

One of Royal Dutch Shell’s most senior former executives is due to learn within weeks whether he will face trial in Italy on corruption charges.

Investigating magistrates requested over the northern summer that Malcolm Brinded and three other former Shell employees be tried for alleged international corruption relating to Shell and Eni’s dollars 1.3 billion acquisition of a big oil exploration block offshore Nigeria.

They are understood also to be seeking trials of Shell itself, as well as Eni, the Italian oil major, and Claudio Descalzi, its chief executive. read more

EI ‘aware’ of court case said to involve president, a former Shell executive

Written by

The Energy Institute is “aware” of a corruption probe said to implicate president Malcolm Brinded, a former high ranking Shell executive.

The case is being brought forward by prosecutors in Italy and centres around a long-standing dispute over the $1.3billion purchase of an oilfield in Nigerian waters in 2011.

Mr Brinded, who used to be Shell’s head of international exploration and production and also headed up offices in Aberdeen, is among those prosecutors may wish to bring charges against.

Claudio Descalzi, chief executive of Italian oil and gas group Eni, is also understood to have been named by prosecutors. read more

4 former Shell execs are a step closer to being charged for an alleged $1.1 billion bribery scheme

Camilla Hodgson: 18 October 2017

LONDON – Italian prosecutors have requested to charge four former executives at oil giant Shell over an alleged $1.1 billion bribery scheme in Nigeria.

The Milan Public Prosecutor’s Office has issued a formal Request for Indictment on bribery charges for the former employees, who have been named, and for the company itself.

In the Italian justice system, a judge now has to rule on whether or not to take the charges forward.

However, Global Witness, a campaign group providing evidence to the prosecution, says its lawyers have recommended that this request is the equivalent of charging. read more

OPL 245: SHELL SPY TALK

By John Donovan

Fascinating to read email correspondence between former MI6 officers John Copleston and Guy Colegate hired by Shell to assist in dodgy oil deals involving sinister players.

Common-sense suggests that their expensive specialist skills would not be needed for any straightforward honest business activity.

John Copleston was identified as a Strategic Investment Advisor for Shell Exploration & Production Africa Limited. One of the individuals described by Ben van Beurden as former MI6 people hired by Shell.  read more

Shell executives charged in lead up to landmark trial over billion dollar Nigerian bribery scheme

Sunday 15 October 2017

Senior Royal Dutch Shell executives have been charged in Italy for their role in a vast bribery scheme that deprived the Nigerian people of over a billion dollars, the Milan Public Prosecutor’s Office confirmed on Friday. Those facing trial include Malcolm Brinded CBE, the second most powerful person in the company when the deal was struck (1). Shell itself is also facing bribery charges alongside the four named individuals.

Malcolm Brinded Charged

This historic decision follows a dramatic U-turn in which it admitted that it knew its billion dollar payment would go to convicted money-launderer and former Nigerian oil minister, Dan Etete, in exchange for Nigerian oil block OPL 245 in 2011. read more

Zambian villagers win right to sue Vedanta in English courts

Barbara Lewis: OCTOBER 13, 2017 / 2:33 PM

London’s Court of Appeal on Friday threw out miner Vedanta’s attempt to block the Zambians’ legal action over alleged pollution of their villages. Vedanta said in a statement it would seek the right to appeal to the Supreme Court, the highest in the English legal system, adding the decision was on jurisdiction only and “was not a ruling or a determination on the merits of the claims”. Three senior High Court judges dismissed an appeal by Vedanta and its Zambian subsidiary Konkola Copper Mines (KCM)against a ruling in May last year when a High Court judge decided the claim could proceed in the English courts on behalf of 1,826 Zambian villagers. FULL ARTICLE read more

Shell served improvement notice over gas leak blunder

Offshore workers were exposed to the risk of fire and explosion after blunder led to a gas leak on a southern North Sea installation.

Written by

The uncontrolled release took place on the Barque PB, a normally unmanned platform, on July 19.

Around 138kg of flammable hydrocarbon gas was released from pipework connected to the vessel V2000, according to the Health and Safety Executive.

A subsequent probe found that flammable gas had been used to leak test the pipework instead of inert nitrogen gas – which was available.

Failings were found in the arrangements for the effective planning, organising and control for the reinstatement of the pipework. read more

Shell seeks buyers for Oman field stake – sources

The sale process is led by investment bank Rothschild, the sources said. Shell and Rothschild did not respond to requests for comment. The Mukhaizna heavy oil field, operated by Occidental Petroleum (OXY.N), reached an average oil production rate of 127,000 barrels of oil equivalent per day in 2016, according to Occidental’s annual report. Shell is not selling its 34 percent interest in Petroleum Development Oman (PDO) which operated more than 160 oil fields mostly in the centre and south of the Middle East sultanate, according to the sources. FULL ARTICLE read more

Oil Majors Face Lawsuits on Climate Change Issues

The companies have been accused of causing an adverse impact on the climate, resulting in global warming. The plaintiffs hold these fossil fuel companies accountable for rising sea levels, changing landscapes, higher global temperatures and increased risk of storms and droughts. The cities are located on the opposite sides of San Francisco Bay, and the lawsuit claims that the region’s water level is already on the rise. If the companies lose the case, they will be liable to pay billions of dollars in fines. Though the lawsuits do not specify the compensation amount, updating San Francisco’s seawall alone could cost up to $5 billion. FULL ARTICLE read more

Citizens must “flood the courts” in fight for climate justice: economist

Adela Suliman: OCTOBER 4, 2017

LONDON (Thomson Reuters Foundation) – The world faces a ticking time bomb in the form of global warming, and recent disasters caused by extreme weather should motivate individuals to urgently seek “climate justice”, said leading U.S. economist Jeffrey Sachs.

The U.N. special adviser urged citizens to “flood the courts” with legal cases demanding the right to a safe and clean environment, and to pursue major polluters such as big oil companies and negligent governments for liability and damages. read more

Why Shell Investors Shouldn’t Ignore The Ongoing Security Situation In Nigeria

Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) is a big player in Nigeria, a country that has been dealing with increases in civil unrest and sporadic violence over the past few years, particularly from the Niger Delta Avengers group that wants a larger portion of the oil & gas tax revenue to go to the Niger Delta region. This is on top of Nigeria’s ongoing fight against the Boko Haram insurgency in the northern parts of the country. The ongoing security situation is a major risk for Shell’s Nigerian operations, especially as the Niger Delta Avengers have shown the ability to repeatedly target bottlenecks like pipelines and force a lot of output offline. Let’s dig in by first going over what’s at stake for Shell. FULL ARTICLE read more

Shell Reports Leak, Emissions at Deer Park, Texas Facility

By Dan Molinski

Royal Dutch Shell reported a leak and emissions Tuesday at its Deer Park, Texas refinery and chemical plant. “A leak was found on the bottom of debutanizer distillation column. The cause of the leak is still under investigation,” the refinery said in a statement to the Texas Commission on Environmental Quality. FULL ARTICLE

Shell Springboard: Is it safe to disclose your idea to Shell?

Shell International committed fraud, breaches of fiduciary duty, conversion of intellectual property, theft of trade secrets, and tortious interference with the Deep Water Parties business relationships and prospective business relationships. (Click on the link “alleged misappropriation of the plaintiffs alleged oilfield-technology trade secrets”. )

SHELL TRAWLING FOR BUSINESS IDEAS. MAKE SURE YOU DON’T GET CAUGHT IN THEIR NET. 

By John Donovan

Shell operates a number of schemes such as Shell GameChanger and Shell Ideas360 encouraging people and businesses to disclose innovative ideas to the oil giant.

It has just kicked off its latest search for clean tech pioneers.

The obvious question arises. Can Shell be trusted not to steal ideas knowing, as it does, that most people would be frightened to take Shell on in any legal battle given its army of lawyers and unlimited financial resources.

Shell could not be trusted in the 1990’s. I successfully sued Shell UK Limited four times in the UK high courts for breach of confidence and breach of contract in regard to a series of ideas I had disclosed to Shell in strictest confidence. All were adopted without my consent A lawyer acting for Shell threatened in writing to make the litigation drawn out and difficult. read more

OPL 245: Latest on Corrupt Former Nigerian Petroleum Minister Diezani Alison-Madueke

The prosecutor alleges that money was also channeled to Eni and Shell executives with $50million in cash delivered to the home of Eni’s Chief Operations Officer.

A few days ago Sahara Reporters published an article reporting the latest news about a $1.7b Asset Recovery lawsuit. It was filed by the Federal Republic of Nigeria and two of its agencies,Nigerian Petroleum Development Company Ltd (NPDC) and Nigerian National Petroleum Corporation (NNPC), against two oil companies linked to former Nigerian Petroleum Minister Diezani Alison-Madueke, who also involved in the OPL 245 corruption scandal. 

A maze of financial transactions involving numerous properties and a number of different banks is set out in the law suit. read more

Lower for longer oil prices vs higher, sooner

by : Sunday 1 Oct 2017

To clarify Ben van Beurden’s point, he was not forecasting that oil would be “lower forever”; he meant that Shell should be operating with the mindset that it might be. If you are a risk-averse oil producer, that makes sense. Oil consumers should probably likewise be thinking about the possibility that prices could be higher, sooner.

FULL FT ARTICLE

Shell takes cautious approach to green energy transition

by Andrew Ward, Energy Editor: 1 Oct 2017

Mr van Beurden, chief executive of Shell, allows himself only the briefest self-congratulation. “All the milestones, we are either ahead or on track,” he tells the Financial Times, referring to targets set at the time of the takeover. “But you are never done in this industry because everything is always in continuous decline.” The Dutchman is talking about the relentless pressure to find new resources… FULL ARTICLE

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