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Posts Tagged ‘Oil’

OPL 245: SHELL MI6 LOOSE CHATTER

Introduction by John Donovan

Published below are comments by Mr Bill Campbell, the retired HSE Group Auditor of Royal Dutch Shell. His remarks are in relation to the involvement of Shell and current?/former MI6 officers in the OPL 245 skulduggery currently involving multiple regulatory and legal authorities, including the Dutch Director of Public Prosecution and Dutch Police, the UK Serious Fraud Office, Italian and Nigerian Police and Prosecutors, the US Securities And Exchange Commission, and an investigation by the US Department of Justice under The Foreign Corrupt Practices Act.

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Shell shale oil gamble?

Shell recently announced a $300 million investment in a shale oil operation in Argentina: Shell opens treatment plant in Argentina shale play. Shell is developing controversial tight and shale oil and gas operations globally despite the significant financial and environmental considerations involved. Is this wise, or a sign of desperation? Shell is already on shaky ground with the NAM/Groningen project. There is a nice summary below of what we in the oilpatch already knew for years. Production from fracced wells (in a shale like in the US) declines very fast. A well in the Middle East in a high permeable reservoir typically declines 3-10% per year.

Shale oil declines 35-50% per year. You need to keep drilling faster and faster until you go bust…..

And when the costs are high and returns are marginal, corners will be cut and other problems start. Polluted aquifers, operators going bust so who will clean up the mess?

US shale oil will keep prices low – will it ??

Give this 5 mins – it’s fun.

Excellent website link below, with great interactive charts on how the shale wells in US are doing.

These were supposed to keep the oil price low remember?

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New Shell finance boss says North Sea remains important to oil and gas giant

MARK WILLIAMSON: 5 MAY 2017

ROYAL Dutch Shell’s new finance chief has said the company will continue to invest in the North Sea where it is making good returns but declined to rule out selling off more UK assets.

Speaking after Shell posted a 140 per cent increase in first quarter profits, Jessica Uhl said the North Sea remains important to the firm although rationalisation moves will leave it with a much reduced presence in the area.

The oil and gas giant agreed in January to sell a portfolio of mature assets which account for around half its UK production to Chrysaor for up to $3.8 billion.

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Inquest on BG Group/Shell merger

Even the remuneration committee’s ethics were questionable as they acted with impunity by awarding obscene annual bonuses to executives, despite multiple fatalities at operational locations.

By John Donovan

Further comments have been posted overnight on our Shell Blog in an ongoing discussion about Shell’s controversial takeover of the BG Group. To my certain knowledge Shell had its eyes set on British Gas back to at least the mid 1990’s. An important meeting I had in July 1995 with the then Chairman and Chief Executive of Shell UK Limited Dr Chris Fay was interrupted by matters relating to British Gas. A takeover bid was being actively considered. It was not until Ben van Beurden became Shell’s CEO that anyone at Shell had the guts to take a gamble. And it is a gamble. Oil prices are on the brink of a possible and even likely collapse. BTW, I very much agree with the comments made by “regular browser” about Shell’s claimed business principles.

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Oil hits five-month low amid warnings of commodities rout

Shell news update 4 May 2017

Shell Pumps a Torrent of Cash as Takeover, Cost Cuts Pay Off: Bloomberg.com: 4 May 2017

The Anglo-Dutch company’s performance helps validate Chief Executive Officer Ben Van Beurden’s $54 billion purchase of BG Group Plc — for which some shareholders complained he overpaid — and the deep spending cuts and asset sales he undertook to protect the balance sheet.

Nigeria: Despite Malabu Scandal, Shell, Eni Will Continue to Operate OPL 245 – Govt: Premium Times: 3 May 2017

The Federal Government says the Zabazaba deepwater project in Oil Prospecting Lease (OPL) 245 will continue in spite of controversies surrounding the oil block.

How Earthquakes Might Be Crimes in Netherlands: Bloomberg.com: 3 May 2017

Can a natural disaster be a crime? That’s the question in The Netherlands, where an investigation has been ordered into whether Royal Dutch Shell Plc and Exxon Mobil Corp. are criminally responsible for earthquakes triggered by production at Europe’s largest natural gas field, Groningen. Some of the earthquakes have been strong enough to damage homes…

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Oil price surge set to lead Shell and BP to big profit jumps this week

Oil price surge set to lead Shell and BP to big profit jumps this week

Jillian Ambrose

Shell and BP are preparing to bask in the benefit of the recent oil price surge with big profit jumps helping to draw a line under years of ferocious cost cutting. On Tuesday Shell is expected to unveil profit of just above $3bn after a loss of $460m in the same quarter last year, using the oil industry’s standard ‘current cost of supplies’ measure.

FULL ARTICLE

Esther Kiobel vs money motivated hornets’ nest of 66,000 lawyers

By John Donovan

The battle in the US courts over Shell discovery documents was uneven from the start. Esther Kiobel versus Shell’s formidable US lawyers CRAVATH, SWAINE & MOORE, LLP. The Nigerian-born widow of a murdered Ogoni leader on one side, still fighting to put Shell on trial for complicity in his murder, and a giant law firm on the other, which since 2002, has been blocking her path to justice.

Nonetheless, a US Judge granted her recent petition for Cravath to hand over more than 100,000 Shell discovery documents stored in the USA so that Esther can use them in a pending action against Shell in the Netherlands. In response, Cravath hired another top law firm Hogan Lovells led by one of America’s top lawyers Neal Katyal to represent them in an appeal, thus becoming a battle between Esther Kiobel (now a US citizen) and two giant law firms. No doubt with the malevolent presence of Shell lurking behind the scenes pulling the strings.

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OPL 245: Repeated warnings about the Integrity of Malcolm Brinded 

Below are some of the articles we have published about Brinded and his blind eye policy over the years. Was it the same blind eye approach to the corrupt activities in the OPL 245 deal, or were his actions incriminating? Personally, I doubt that he received a cut. Being unscrupulously ambitious is one thing. Being a crook is another.

By John Donovan

No one has issued more warnings that we have on this website about the integrity of Malcolm Brinded, often in conjunction with comments by the retired Shell International HSE Group Auditor, Bill Campbell.

Shown right is a self-explanatory “WANTED” poster we have had on permanent display on our websites for years and featured in many articles. Please also read the related 20-page forensic indictment by Bill Campbell published on 6 March 2015 under the title: The Case against Malcolm Brinded CBE. It was about the “Touch Fuck All” Brent Bravo scandal and cover-up stretching back to 1999, which cost the lives of Shell workers.

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Fresh Revelations of Alleged Shell Corruption to be Heard in Italian Court

Fresh Revelations of Alleged Shell Corruption to be Heard in Italian Court: Thursday, April 20, 2017

Court proceedings are due to begin in Italy today to determine whether oil giant Shell will face trial on corruption charges over the purchase of one of Africa’s most valuable oil blocks.

Italian prosecutors claim Shell and Italian oil major Eni concluded a deal for the rights to exploit the Nigerian deepwater oil block OPL 245 with knowledge that the money would fall into the hands of a convicted money-launderer and be turned into political kickbacks.

Shell and Eni embroiled in ‘unholy mess’ over Nigerian oil: FT: 20 April 2017

Shell and Eni are waiting to learn whether a judge will accept a request from a Milan prosecutor for the two companies and individuals — including Claudio Descalzi, chief executive of the Italian energy group — to face trial for alleged corruption.

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OPL 245: Milan Court Decision Day Tomorrow on Shell ENI

Tomorrow an Italian court is expected to make a decision on launching criminal proceedings against the oil giants ENI and Royal Dutch Shell in regards to the $1.3bn OPL 245 corruption scandal.

Two oil giants could face trial in Italy over Nigerian deal

OPL 245: Shell email intercepts

By John Donovan

It is plain from these extensive Shell internal emails that Malcolm Brinded was indeed the key Shell player in the OPL 245 deal. They provide an indication of why the Italian Prosecutors are apparently intending to bring charges against him. What a shame that Shell ignored all of my warnings over many years about his lack of scruples. 

Note the involvement of former MI6 agents hired by Shell – Guy Colgate and John Copleston, also up to their necks in the OPL 245 investigation by authorities in a number of countries including the USA, the UK, Italy and the Netherlands.

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