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Posts Tagged ‘Oil’

Royal Dutch Shell Hydrogen News

Links below to some of the current news stories posted on our sister website royaldutchshellgroup.com covering, among other developments, Shell’s participation along with Total and other members, in a hydrogen council planning to invest (within 5 years) 10 billion euros ($10.7 billion) in hydrogen-related products.

There is also news of Nigerian government litigation against Shell, with a court date announced for a $406.7 million claim against the oil giant.

Toyota, Shell Among Giants Betting $10.7 Billion on Hydrogen

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Shell Chairman named in $1.3 billion OPL 245 fraud

UPDATED WITH POSTING BY BILL CAMPBELL, RETIRED HSE GROUP AUDITOR, SHELL INTERNATIONAL

By John Donovan

I warned Shell for over a decade that Malcolm Brinded (above) has no scruples. Indeed, in 2009, I published an article under the headline: Royal Dutch Shell Fat Cat Malcolm Brinded: Big Brain but no scruples.

Brinded was an executive director of Royal Dutch Shell Plc until 2012 and is still Chairman of the Board of Trustees of the Shell Foundation.

It is, therefore, interesting, to say the least, that he is named in an Italian prosecutor’s report as one of the senior Shell executives involved in the $1.3 billion OPL 245 deal, said to be a massive scam.

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Royal Dutch Shell PLC saddled with a mountain of debt


By John Donovan

The Wall Street Journal does not mince its words.

In an article published today, it says that Shell has saddled itself with a mountain of debt as a result of its takeover of the BG Group.

Article author Sarah Kent points out Shell’s  debt-to-equity ratio is far higher than its major rivals.

The same concern is expressed in a related Wall Street Journal article: Shell’s New Year Promise: Slimming Down

Although Shell promised to offload $30 billion of assets, it has thus far sold only $5 billion worth.

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OPL 245: Shell and Eni executives set to be arraigned

By John Donovan

The Nigerian Economic and Financial Crimes Commission has reportedly launched a manhunt for Dan Etete, the former Nigerian Minister of Petroleum Resources.

Etete has been charged in Italy and Nigeria with alleged money laundering and fraud.

A senior detective at the EFCC says that Etete seems to be on the run.

Shell and Eni and some executives of both companies are set to be arraigned in a Milan court.

Dan Etete turns on his accomplices Eni and Shell

By John Donovan

The Premium Times reports that “Dan Etete, a former Minister of Petroleum caught at the heart of the $1.1 billion Malabu Oil scandal, has accused the Nigerian government of leaving out Shell and Agip in the criminal charges it filed last week.”

The same article went on to state that “Although Shell and ENI have repeatedly claimed they did not know the money was going to end up with Malabu, investigations in Nigeria and Italy, as well as leaked documents, revealed that claim to be false.”

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Shell’s complicity in human rights abuses in the Niger Delta


By John Donovan

As we approach the start of 2017, Shell’s conduct in Nigeria is coming under intense scrutiny by prosecution authorities and is also the subject of civil litigation, both current and pending.

The charges include corruption, environmental contamination, and gross human rights abuses, including cruel, inhuman, and degrading treatment. 

Shell senior management cannot say that it was not warned. The following is an extract from a letter sent in February 2012 to Shell executives in London, Nigeria and Den Haag.

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ENI AND SHELL TO BE PROSECUTED OVER OPL 245 $1.1 BILLION CORRUPTION SCANDAL

By John Donovan: 24 December 2016

A translation of a 12-page final report by Italian prosecutors reveals that following an extensive investigation, they intend to prosecute ENI and their apparent accomplice Shell for their roles in the OPL 245 $1.1 billion corruption scandal.

ENI seems to have been the lead partner in crime.

The following extracts are from an article published today by PremiumTimes.

The investigations also revealed that contrary to claims by Shell and Eni, officials of the Italian firm negotiated with former Nigerian petroleum minister, Dan Etete, and definitely knew the money they were paying to the Nigerian government would end up in Malabu accounts controlled by him.

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A devastating blow for Shell in U.S. Federal Court

By John Donovan

Earlier this week, on Tuesday, December 20, 2016, a U.S. website -Law360 – which reports American court proceedings, published an article about a decision made that same day by Federal U.S. District Judge Alvin K. Hellerstein.

Lawyers acting on behalf of Esther Kiobel had filed a petition seeking documents used in her case against Shell brought in the United States, which was ultimately thwarted by a US Supreme Court decision on extraterritoriality grounds in 2013.

The case is now being brought in the Dutch courts.

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Explosive allegations around Shell and Eni’s OPL 245 deal

The Italian paper Il Fatto has published a piece with some explosive allegations about the OPL 245 deal being made by the Milan prosecutors’ at the conclusion of their investigation into Eni and Shell’s role in the OPL 245 case.

Pdf of the related Milan prosecutors notice OPL 245 investigation

Comments on this development are as follows: 

“Shady deals allow corrupt elites to profit at the expense of ordinary citizens.  Shell and Eni now have to answer to the Italian courts, the public and their shareholders for their part in the corrupt deal for OPL 245 – oil companies can’t get away with this kind of behaviour any longer” said Barnaby Pace, Campaigner at Global Witness. 

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Obama’s April Fool’s Joke Approving Shell Arctic Drilling

Obama’s April Fool’s Joke Approving Shell Arctic Drilling

By John Donovan

On 1st April 2015, President Obama’s administration upheld a 2008 lease sale facilitating Shell’s return to oil and gas drilling off Alaska.

See this Reuters Report: Here’s why Obama is approving Artic Drilling again

This decision despite Shell’s farcical exploits in 2012.  Many readers will recall that a Shell hired drilling rig – a rusty ancient vessel – ran aground after Shell sent it to sea despite a storm warning.

The reckless move was made in an attempt to evade taxes. Shell admitted, then denied, then admitted, that this was the case.

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THE OPL 245 SCANDAL INVOLVING SHELL

By John Donovan

Following the raids earlier this year by Italian law officials on the headquarters of Eni in Milan and Royal Dutch Shell in The Hague, I was advised by a Shell insider that this subject, above all others, is the one of most concern to Shell senior management.

Now we have news that Nigeria’s anti-corruption agency – The Economic and Financial Crimes Commision – has just filed fresh proceedings.

Investigations are already underway in a number of countries, including the UK and the United States.

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Obama Said to Use 1953 Law to Permanently Block New Drilling Leases in Arctic, Atlantic

The Shell-contracted rigs Kulluk (left) and Noble Discoverer (right) set sail from Seattle in July 2012 for Royal Dutch Shell’s ultimately unsuccessful drilling campaign offshore Alaska in Summer 2012. Photo credit: Vigor Industrial

December 19, 2016 by Bloomberg

By Jennifer A. Dlouhy

(Bloomberg) — President Barack Obama is preparing to block the sale of new offshore drilling rights in much of the U.S. Arctic and parts of the Atlantic, a move that could indefinitely restrict oil production there, according to two people familiar with the decision.

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