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Posts Tagged ‘Sultan of Brunei’

Brunei Inks Production, Investment Pact With Royal Dutch Shell

Jan 25th, 2012
by John Donovan.
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The fruits of a $500,000 Brunei dollar wedding gift (bribe) given by Shell to the corrupt Brunei Royal Family…?

Wednesday, 25 January 2012 06:44
Borneo Bulletin

The Hague, Netherlands – The Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam and Royal Dutch Shell Ltd (RDS) as the shareholders of Brunei Shell Petroleum Co Sdn Bhd (BSP) signed the production and investment agreement on Jan 23, 2012 at RDS headquarters in The Hague, Netherlands.

Signing on behalf of the Brunei Government was the Minister of Energy at the Prime Minister’s Office, Pehin Datu Singamanteri Col (Rtd) Dato Seri Setia (Dr) Awg Hj Mohammad Yasmin bin Hj Umar, and for Royal Dutch Shell, Dato Seri Laila Jasa Peter Voser, Chief Executive Officer and Ken Mamoch, BSP Managing Director. The agreement set out between the Brunei Government and Shell focuses on the mechanisms to support, sustain and increase the production of oil and gas by BSP.

It will form an integral part of future investment decisions undertaken by Shell in BSP, in relation to BSP’s entire project portfolio, including further exploration, development and production in areas under existing concession agreements.

This deal also builds on the relationship that the government and Shell have cemented for the last 80 years, and will endeavour to further strengthen it for the next 25 years.

The signing ceremony also coincided with a working visit to the United Kingdom and the Netherlands led by the Minister of Energy at the PMO and a delegation comprising Permanent Secretary and Deputy Permanent Secretary from the Energy Department of the Prime Minister’s Office and other senior officials from the Energy Department and Brunei Shell Petroleum.

The delegates visited Shell offices, private sector companies and educational institutions in Aberdeen and The Hague to gain firsthand updates on technology, competency and local business developments.

–Courtesy of Borneo Bulletin

SOURCE ARTICLE

ARTICLES ABOUT THE $5 MILLION BRUNEI ROYAL WEDDING

The $5m royal wedding: “…sponsored by local companies, including the oil and gas firms Brunei Shell…”: The Independent 10 September 2004

Shell Rewards Employees (*Bribes and scandal in Brunei?): Brudirect.com

Will the Prince Turn Pauper? (*$500,000 Shell bribe was given to this corrupt family): Wall Street Journal article published March 2008

Brunei Shell contributes $500,000 for royal wedding ceremonies: Brunei-online.com: August 2004

Alleged fraud involving 10 senior officials of Shell Brunei

Feb 6th, 2010
by John Donovan.
1 comment

By John Donovan

Some strange events at Shell Brunei Petroleum (SBP).

Around four weeks ago we published an email from a senior official of the Brunei government writing from The Chairman’s Office of Shell Brunei Petroleum, explaining the mysterious absence of  the companies Managing Director, Dr Grahaeme Henderson. It said he was absent for medical treatment.

We understand from our sources that in November the head of SBP HSE left the country in a hurry and did not return.

Now we learn that a number of fraud investigations are going on, allegedly involving Nigerian expats.

Perhaps all of these matters are unconnected. Or it could be that Dr Henderson was pressing for action to be taken in relation to the corruption, when he encounterted a medical problem that necessitated his temporary exit from Brunei.

We have commented before on the corrupting relationship between Shell and the head of the Brunei Royal Family, the Sultan of Brunei.

Borneo Bulletin: Fraud probe at oil company

By Ignatius Stephen

Saturday 6 February 2010

In an effort to keep the country’s cooperate image clean the Brunei Anti Corruption Bureau has begun a series of massive fraud investigations against more than 10 senior oil company officials.

The amount probed, according to reliable sources, exceeds $5 million and both local and foreign employees are allegedly linked to what is quoted as “irregular material purchase procedures and related matters.”

The company Brunei Shell Petroleum (BSP) has already dismissed some of the officials after questioning while the affairs of others are still being looked into, informed sources said. Some of the others are under investigation, it is learnt.

The matter is still in its early stage and a thorough check has been on the way for some time and a source said that “no stone will be left unturned.” It is understood the alleged fraud was discovered during a routine audit check.

The authorities, it is understood, are looking into the allegations seriously, although no arrests have been made apart from the termination and suspension of some of the alleged miscreants.

Oil and gas are the country’s lifeblood and the authorities are determined keep the industry clean.

Rumours of the alleged fraud have been strong in recent times although no public announcements have been made so far.

The country’s oil industry is mainly based in Seria, in the south of the capital.

Oil and gas account for 48 percent of the country’s economic output that is helped by the country’s stability and an efficient and clean oil industry sector helping to maintain the country’s production levels.

Although there have been instances of petty irregularities in the oil sector in the past that brought about court action, instances have been rare.

In recent times other overseas oil companies have begun major operations here.

SOURCE ARTICLE

RELATED ARTICLE

Brunei launches investigation into fraud at Brunei Shell

Bandar Seri Begawan – The Brunei Anti-Corruption Bureau (ACB) has launched an investigation into allegations of fraud committed by more than 10 senior Brunei Shell Petroleum Company officials, media reports said Saturday. The investigation is into “irregular material purchase procedures and related matters” worth 3.2 million dollars by local and foreign employees at the company, the Borneo Bulletin reported citing informed sources. The alleged fraud was unveiled through a routine audit check. The investigation is still in early stages and no arrests have been made. But Brunei Shell Petroleum has already dismissed or suspended some of the alleged “miscreants,” the newspaper said. Authorities from the bureau said “no stone will be left unturned” in the investigation, as the oil and gas industry is the sultanate’s lifeblood. Brunei Shell is one of the key players in the oil industry in Brunei, a county of less than 600,000 people where oil and gas accounts for 48 per cent of economic output.