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Royal Dutch Shell News 15 Oct 2014

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By John Donovan

WHISTLEBLOWER ALLEGES ROYAL DUTCH SHELL TAX EVASION IN NIGERIA 

A former manager of Shell Production Development Company in Nigeria has accused Shell of massive tax evasion. He also alleges that the Nigeria Economic and Financial Crimes Commission demanded a bribe from him as part of a related cover-up plan for Shell. The whistleblower also claims that his safety is in jeopardy. All strangely reminiscent of allegations surrounding the Corrib gas project in Ireland. MORE INFORMATION HERE.

SHELL FIRE SALE OF NIGERIAN ASSETS

A consortium led by Aiteo Group has won the auction for Shell oil block OML 29 in Nigeria, with a bid of N434b. The total cost of the acquisition is said to be $2.7 billion, allowing for working capital. MORE INFORMATION

FRACKING IN THE USA

According to an article by Geoffrey Lean in The Telegraph, Marvin Odum, the Chairman of Shell Oil, is concerned that anti-fracking campaigners may try to outlaw the technology. Opposition to fracking is said to be mounting in Texas and may spread, possibly having a negative impact on the shale gas boom. MORE INFORMATION

OIL PRICES

Ever since Ben van Beurden went out on a limb with his forecast that oil prices would stabilise, oil prices have actually fallen and are continuing to drop.

See “Oil price fall hits energy stocks

And: “Crude settles down 4.6%, lowest since June 2012

Oil Price Collapse Sinks BP plc And Royal Dutch Shell Plc

A BIG BOOST FOR ELECTRIC CARS – INFORMATION FROM A REGULAR CONTRIBUTOR

It seems that every few days a new ‘breakthrough’ announcement is made. Today it is about lithium ion batteries (see links). If true the electric car will get a big boost. By the way, the electric-hybrid cars are now selling at a rate of about 500,000 per year in the US. Toyota’s Prius dominates. There are about 10 million of them now on the road in the US. They are definitely here to stay, and this latest announcement, if true, will ensure that is the case.

Breakthrough batteries last 20 years, charge 70 percent in two minutes: From PCWorld

Li-Ion Battery Breakthrough Recharges Battery 70% In 120 Seconds: From Coolest Gadget Reviews

NTU researchers make breakthrough with fast-charge batteries: From Channel News AsiaOct 12, 2014

Really? Breakthrough said to be the “next big thing” in battery …: From Smart Grid News

New batteries charge 70 percent in 2 minutes: From In-Depth-CNET

Breakthrough batteries recharge 70 hper cent in 2 minutes, last 20 :  From In-Depth-CTV News

ARCHIVE ARTICLES ABOUT SHELL TAX EVASION ISSUES

Shell India to challenge tax evasion order: 4 Feb 2013

Shell and ABN Amro ‘masters in tax avoidance’

Starbucks a novice at tax dodging compared with Shell

Shell’s disastrous tax dodge: 23 March 2014 (In Alaska)

Royal Dutch Shell Plc Tax Dodgers: Offshore – and out of reach to the Revenue

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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