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Posts under ‘Oil’

Shell Lied to Dutch Court About Oil Spills in Nigeria

The significance of the Newsweek article is therefore threefold: firstly Shell appears to have misled the court in the Hague which from a reputational perspective is extremely damaging (hence the headline of the article), secondly the case will now return to court for a retrial, and thirdly the lawyers and witnesses in the original case […]

OIL, OIL, TOIL AND TROUBLE

ARTICLE BY STEVEN HAYWARD, PUBLISHED BY POWERLINE 25 NOVEMBER 2014 The fall OPEC meeting is under way right now in Vienna, and all eyes are on the Saudis, to see whether they will lead a strategy to stop the fall in oil prices, which is putting the crimp on Iran, Russia, and Venezuela, among other […]

Nigeria Suffers After Closure Of Shell‘s Pipeline

Nigeria was already under pressure from lower US oil imports due to the US shale boom but the closure of Shell‘s pipeline due to leakage and theft has worsened conditions for the economy Published: November 25, 2014 at 3:23 pm EST By: Micheal Kaufman Nigeria is amongst those members of the Organization of Petroleum Exporting […]

Oil price slump

Vladimir Putin has said that Russia could suffer “catastrophic consequences” from sanctions, the falling oil price and the sliding rouble, while claiming they would have knock-on effects for other countries. Prices could plunge to $60 US a barrel if OPEC does not agree to a significant output cut this week, according to market players. Lower […]

Why we love American lawyers

Just eight months ago, prominent Los Angeles attorney Tom Girardi used words like ”disgusting” and “despicable” to describe Shell Oil Co. But Girardi’s tune has changed since the company offered $90 million earlier this month to settle the lawsuit…: “The Shell defendant has shown great honesty and integrity,” Girardi said last week. Shell offers $90 […]

Crude Priced At $75

Bidness Etc discusses the various crude prices experts feel will allow the US companies to break even and highlights the impact of lower oil price on US oil companies next year Extracts from a Bidness Etc article Published: November 21, 2014 at 10:47 am EST By: Micheal Kaufman The hydraulic fracturing techniques used by the […]

Shell Sells Off More Assets In Nigeria

Due to the rise in incidents of oil theft in the Niger Delta Shell is looking to sell of its assets in the region Published: November 20, 2014 at 2:56 pm EST By: Micheal Kaufman Nigeria’s Niger Delta has been see a lot of oil spills over the last 30 years. According to statistics the […]

DUTCH SEEK REVISED GAS DEAL WITH SHELL & EXXON

The Dutch government Minister of Economic Affairs, Henk Kapm, is seeking to renegotiate deals with Exxon Mobil and Royal Dutch Shell on the extraction and sale of Dutch gas. It seems reasonable to speculate that it is not his intention for the renegotiation to benefit the oil giants, who are joint owners of the Dutch […]

UK Court Lifts Secrecy Order On Corrupt Nigerian Oil Deal Law Suit

A High Court in the United Kingdom has lifted a secrecy order imposed on a 2013 legal challenge by The Corner House of a decision by the Crown Prosecution Service (CPS) not to freeze some $215million alleged proceeds of crime from a corrupt Nigerian oil deal. Shell and ENI have denied paying any money to […]

Oil price slump: fire sale of Shell assets gathers pace

*Royal Dutch Shell Plc has sold a $600 million stake in a Nigerian oil lease as part of its plan to sell off $15bn worth of assets around the world. The fire sale no doubt has added momentum in view of the collapse in the price of oil. Shell has already disposed of under-performing assets […]

Royal Dutch Shell Saves $2.5 billion In Transfer-Pricing Case

Bidness Etc discusses the ruling by an Indian court in a transfer-pricing case against Shell and its impact on future foreign investment in the country Published: November 19, 2014 at 12:26 pm EST By: Micheal Kaufman The Bombay High Court has ruled in favor of Royal Dutch Shell plc (NYSE:RDS.A) in a high-tax profile case, […]