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Shell Faces Shareholder Outcry Over Incident That Killed 200

BY Kelly Gilblom: 14 May 2018, 12:02 BST

Royal Dutch Shell Plc will face difficult questions at its annual general meeting next week after an investor-advisory group urged shareholders to challenge executive pay and the company’s response to a fatal accident in Pakistan. 

Institutional Shareholder Services Inc., an influential adviser on corporate governance, has recommended investors reject Shell’s pay report at its AGM on May 22, saying it was initially “silent” on the Pakistan incident. ISS also said it could only offer “qualified support” to the re-election of the independent director looking after corporate social responsibility.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Total, Shell in gas development deal with Oman

Two oil majors have struck a deal with Oman over the development of natural gas resources in the Middle Eastern state.

Written by  – 

Total and Shell, as operator, will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25% and 75%. They aim to produce of around 500million cubic feet of gas per day, rising to 1billion at a later stage. Total will use its share to develop a regional hub for supplying LNG as a fuel to marine vessels. Arnaud Breuillac, president, exploration and production at Total, said: “We are pleased to sign this MoU with the Sultanate of Oman that will give us access to new gas resources and the opportunity to develop an integrated gas project. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell, Eni oil executives on trial for graft in Nigeria

A corruption trial against oil giants Shell and Eni and Nigeria’s ex-oil minister Dan Etete is getting started in Milan. The case deals with alleged bribes valuing millions, and the Italian trial is not the only one.

Starting Monday, the Italian city of Milan will be the scene of a month-long trial that deals with corruption allegations in the oil industry.

The Milan public prosecutor’s office accuses the Italian oil firm Eni and the British-Dutch oil company Shell of having paid millions of dollars in bribes in order to acquire a lucrative oil exploration and drilling license in Nigeria.

Now 15 defendants are facing trial. Most of them employees of the two companies but Nigeria’s ex-Minister of Petroleum, Dan Etete, will also be tried. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell and Eni in court over alleged corruption in $1.1bn Nigerian oil deal

Royal Dutch Shell, Italian oil giant Eni and a number of senior executives at the two firms face trial in Milan on Monday over corruption charges relating to a $1.1bn (£800m) deal for a Nigerian oil block.

The Milan public prosecutor alleges that $520m from a 2011 deal to buy rights to a vast oil block off Nigeria’s coast was converted into cash and intended to be paid to the then Nigerian resident Goodluck Jonathan, members of the government and other Nigerian government officials.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Trial set for two of the world’s largest oil companies

Trial set for two of the world’s largest oil companies

13 May 2018: Two of the world’s largest oil companies, Royal Dutch Shell and Eni of Italy, are expected to go on trial on Monday in Milan. Prosecutors are bringing corruption charges over a $1.3 billion oil deal in Nigeria. The defendants include current and former oil executives, among them Claudio Descalzi, Eni’s chief executive, who has the backing of his board despite his legal troubles. The case revolves around a payment the companies made in 2011 to the Nigerian government to settle a dispute over an offshore oil tract in the Atlantic Ocean known as OPL 245. The companies have consistently denied wrongdoing, but the case may shine a light on the sometimes murky dealings of the international oil industry. The proceedings, which are expected to last for months, may be delayed after initial procedures. Stanley Reed SOURCE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell faces new revolt as chief’s €9m pay stirs investor concern

 and  in London: 13 MAY 2018

Royal Dutch Shell is facing the threat of a shareholder rebellion against its chief executive’s €9m annual pay packet, piling further pressure on the energy group which was already braced for a clash with investors this month over climate change.  Institutional Shareholder Services, the advisory firm whose recommendations influence votes at annual meetings, has urged investors to reject Shell’s 2017 remuneration report, citing concerns about high payouts and safety issues.  Ben van Beurden, chief executive, received €8.9m last year… FULL FT ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Deception, downright lies and broken promises by Shell

The promotion that was the subject of our 2nd High Court Action against Shell

Extracts from the ebook “John Donovan, Shell’s Nightmare” (now available on Amazon websites globally)

Shell kept silent about Hakluyt, even during a meeting with Mr. Rines on 10 September 1998 at Shell-Mex House attended by Mr. Wiseman, Mr. Joseph of DJ Freeman and a representative from Shell’s media department. Some judgment can be made on how sensitive the subject was by the fact that both sides tape-recorded the entire interview.

Extracted from pages 110 to 117 inclusive.

AN INVESTIGATION IN 1997 BY SIMON RINES FOR THE GUARDIAN NEWSPAPER

I am able to provide an overview from an independent journalist on how matters looked in April 1997. It is in the form of a 14-page draft Guardian/Observer Newspaper article authored by Simon Rines, as faxed to John Donovan on 11 April 1997. Mr. Rines wrote for many marketing magazines as well as for The Telegraph, The Observer, and The Sunday Business.

No article was published at the time. Simon Rines was however the joint author with Sylvia Pfeifer of an article published by The Sunday Business newspaper on 6 June 1999: “Donovan takes Smart case against Shell to court.” That article can be seen on the last page of this chapter. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Malabu Oil Deal: Two British Secret Service Agents Docked As Trial Begins In Milan

Shell and Italian oil giant, Eni, are also defendants in the charge of ‘Aggravated international corruption,’ leveled against the oil executives in the trial which began in Milan, Italy on Monday.

BY SAHARA REPORTERS, NEW YORK: MAY 11, 2018

Two retired secret agents of British Mi6 identified as Collegate Guy Jonathan and John Coplestone De Carteret, are among the executives of Royal Dutch Shell under prosecution in the ongoing trial of bribery allegation in the purchase of lucrative Nigerian Malabu oil block.

Shell and Italian oil giant, Eni, are also defendants in the charge of ‘Aggravated international corruption,’ leveled against the oil executives in the trial which began in Milan, Italy on Monday. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Malabu Oil: Trial of Shell, Eni CEO, Other Top Executives, Begin Monday

By Bayo Akinloye: 12 MAY 2018

The Royal Dutch Shell and Eni, along with a number of their senior executives, will on Monday face criminal charges in Milan, Italy, for alleged aggravated international corruption for their role in a $1.1bn deal for a Malabu Oil’s OPL 245.

This was made known in a statement yesterday by the international corruption watchdog, the Global Witness.

It noted that no company as large as Royal Dutch Shell or senior executives of a major oil company had ever stood trial for bribery offences.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

AMNESTY INTERNATIONAL CASTIGATES SHELL

The manager of Shell’s eastern division, J.R. Udofia, faxed the Commissioner of Police in Rivers State specifically requesting the intervention of the Mobile Police (also known as MOPOL), a paramilitary unit. According to a subsequent judicial enquiry, the villagers had not in fact attacked Shell installations, but conducted a peaceful protest demanding that the oil company compensate them for damage caused by pollution from oil spills. Over the course of the next two days, the Mobile Police attacked the village, “like an invading army that had vowed to take the last drop of the enemy’s blood”, the inquiry found. The Mobile Police, using guns and grenades, killed 80 people, throwing many corpses into a nearby river, the survivors testified.

Extracts from pages 19 to 23 of an Amnesty International document headed: “A CRIMINAL ENTERPRISE? SHELL’S INVOLVEMENT IN HUMAN RIGHTS VIOLATIONS IN NIGERIA IN THE 1990s”

EXTRACT BEGINS

LOCAL PROTESTS AND MILITARY CRACKDOWN

In November 1990, just over two years before the Ogoni protests gathered pace, a violent crackdown by armed police in Umuechem community (some 30km from Ogoniland), showed how high the stakes were for anyone protesting in the oil-producing region. Following demonstrations by villagers, Shell warned the government of an “impending attack.”32 The manager of Shell’s eastern division, J.R. Udofia, faxed the Commissioner of Police in Rivers State specifically requesting the intervention of the Mobile Police (also known as MOPOL), a paramilitary unit.33 read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Nigeria draft oil reforms seek to establish powerful industry regulator

FILE PHOTO: The Nigeria National Petroleum Corporation (NNPC) headquarters are seen in Abuja, Nigeria December 5, 2017. REUTERS/Afolabi Sotunde/File Photo

For decades, communities in the Niger Delta oil heartland have complained that spills and pollution have destroyed their land and killed off wildlife. Rights group Amnesty International accused international oil majors Royal Dutch Shell PLC and Eni SpA in March of negligence when addressing spills in Nigeria. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

How Shell could be hit by Iran deal pull-out

By John Donovan 

Trump’s withdrawal from the nuclear deal with Iran, which has pushed up the price of oil, thus benefiting Shell and other oil companies, threatens to put billions of dollars worth of trade in jeopardy.

Shell has a record of treacherous conduct involving the Iranian regime, including using subterfuge to disguise shipping movements.

How will Shell react this time in an even more complex situation?

Below are extracts from articles published in the last 24 hours.

Sky News:  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Nigerian rights group files suit to revoke Malabu oilfield license

Chijioke Ohuocha: MAY 8, 2018

LAGOS, May 8 (Reuters) – A Nigerian civil rights group launched a legal case on Tuesday aimed at forcing the government to revoke a disputed 2011 oilfield deal at the centre of a string of international corruption investigations.

The case, heard at a court in the commercial hub Lagos, relates to the purchase of the offshore OPL 245 oilfield in Nigeria by oil majors Royal Dutch Shell and Eni in 2011. The field has estimated reserves of 9 billion barrels.

At the core of the case is a $1.3 billion payment from Shell and Eni to secure the block from Malabu Oil and Gas, allegedly controlled by former Nigerian oil minister Dan Etete. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell to sell stake in Canadian Natural for about $3.3 bln

Reuters staff: Monday 8 May 2018

May 7 (Reuters) – Royal Dutch Shell Plc’s Shell Gas B.V. unit said on Monday it was selling its entire stake in Canadian Natural Resources Ltd for $3.3 billion.

Shell signed an underwriting agreement for the sale of its entire stake of 97.6 million shares in Canadian Natural, the company said in a statement.

Last June, Shell had reported a stake of 8 percent in Canadian Natural.

Shell decided to offload the roughly C$4.1 billion ($3.18 billion) stake in Canadian Natural Resources that it acquired as part of a deal to retreat from Canada’s oil sands, people familiar with the situation had told Reuters nearly a year ago. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Malabu Scandal: Court to hear case to force seizure of oil block

“This corrupt deal is spawning legal action all over the world. Global Witness wholeheartedly supports the move to revoke the rights to this oil block. Shell and Eni should not be allowed to profit from their appalling behaviour…”

May 7, 2018

On Tuesday, the Federal High Court of Nigeria will hear a case to compel the Nigerian government to take back one of Nigeria’s most lucrative oil blocks, which has been at the centre of a $1.1 billion multinational corruption scandal.

The case is brought by Nigerian civil society organization, Human Environmental Development Agenda (HEDA), who are demanding that the government “revoke the Operating Production Licence (OPL) 245 on grounds that the entire Malabu transaction in relation to the OPL 245 is unconstitutional, illegal and void as it was not legally granted, same having been obtained fraudulently vide corrupt practices.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Champagne bottles to be uncorked at Shell HQ

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad

Shell is hoisting arch-rival ExxonMobil in the neck

Bert van Dijk • Entrepreneurship: 

A few more weeks and the champagne bottles can be uncorked at Shell headquarters. Then the British-Dutch oil and gas multinational for the first time in decades again greater in terms of market value than arch-rival ExxonMobil. At least, if the current price development at both companies continues at the current rate.

Where Exxon has had to deal with setbacks that have affected production, results and returns in recent years, investors are actually charmed by Shell’s growing cash flow, his lucrative oil and gas projects in the deep sea near the US and Brazil, the big financial discipline and cost savings. Important also: an announced share repurchase of $ 25 billion in the period up to the end of 2020. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
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