News and information on Shell Plc
The recent attempted assassination attacks in Salisbury using nerve agent have created the biggest most frightening espionage confrontation with Russia for many decades.
As I write this article, the Putin led regime is raising the temperature still further by demanding access to Yulia Skripal on the grounds that she is a Russian citizen and by expelling more than 50 UK diplomats from Moscow. Putin is also boasting about a terrifying new intercontinental missile which NATO calls ‘Satan 2’.
And employment in Groningen? ‘At the moment, a lot of extra people are working in the construction and installation sector for the damage repair’, says Luman. ‘This will continue to be the case in the near future.’
Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad. Royal Dutch Shell and ExxonMobil each own a 50% share in NAM, the company responsible for the earthquake blighted Groningen Gas Field and consequential potential bill for untold billions in damages to effected residences.Carel Grol • Entrepreneurship
Natural gas in Groningen is declining. Production is falling, as is employment. At the end of the next decade, the gas crane must be completely closed by order of The Hague. That will be quite noiseless in Groningen.
The Dutch Petroleum Company (NAM) came Thursday with a summary response to the government’s decision. ‘NAM is making preparations in its business operations for lower production in the coming gas years,’ said the company, which is 50% owned by Shell and 50% by Exxon. And yes, NAM realizes that gas extraction has ‘brought a lot of prosperity, but also has a downside’.
Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.
Louis Hoeks, Carel Grol • Economics & Politics
With seven-mile boots, Eric Wiebes steps through the Groninger gas file, culminating in the Cabinet decision that was made public on Thursday. By 2030, seven decades after the discovery of the first Groningen gas at Slochteren, the gas tap will close. ‘A turning point’, the Minister of Economic Affairs and Climate said correctly. “Historically,” MPs said, also from the opposition. Friend and foe were surprised by it.
The Movement for the Survival of the Ogoni People (MOSOP) says the Shell Petroleum Development Company of Nigeria, a subsidiary of Shell International lied about its production capacity in Ogoniland before it shut down operations in 1993.
The Publicity Secretary of MOSOP who made this known during an interactive session with leaders of the National Youth Council of Ogoni People (NYCOP) on Monday, March 26, 2018 in Bori, headquarter of Khana local government area said before Shell shut down its operations in Ogoniland in 1993, the company failed to account for daily output of 157,000 barrels.
Nsuke said available statistics show that while Shell claimed its production capacity in Ogoniland was 28,000 barrels per day, the company was actually producing 185,000 barrels per day.
|By: Carl Surran, SA News Editor
The Dutch government says it will phase out gas production at the Groningen field by 2030 as part of efforts to reduce the danger caused by small but damaging earthquakes.
Production is set for 21.6B cm this year, already down from a peak of 53.8B cm in 2013, and is planned to fall to below 20B cm for the production year beginning October 2018 and to below 17.5B cm for the 2019 year, assuming average temperatures, then to 12B cm in the coming 4-5 years and to zero at the end of the 2020s.
Peter Robinson, Shell’s former vice-president for commercial activities in sub-Saharan Africa, is accused of taking “kickbacks” from a multimillion-dollar oil field saleEmily Gosden, Energy Editor: The Times
Royal Dutch Shell has filed a criminal complaint against a former senior executive over suspicions he may have received bribes in Nigeria.
Ben van Beurden, Shell’s chief executive, told staff he was “stunned and outraged” after the Anglo-Dutch energy group discovered evidence suggesting that Peter Robinson had received “kickbacks” from the $585 million sale of an oil licence in the Niger Delta.
Shell has told Dutch prosecutors it believes a crime may have been committed against it by Mr Robinson, who was vice-president for commercial activities in sub-Saharan Africa at the time of the sale of the OML 42 block to Neconde Energy in 2011.
After years of claiming that its system is bribery and corruption-free, oil giants, Shell, on Wednesday, admitted that one of its most senior executives may have received kickbacks in return for an oil deal. Mr. Peter Robinson, a former Shell employee, and three other former executives are to face criminal charges in Milan, Italy, for another corrupt deal.BY SAHARA REPORTERS, NYMAR 28, 2018
After years of claiming that its system is bribery and corruption-free, oil giants, Shell, on Wednesday, admitted that one of its most senior executives may have received kickbacks in return for an oil deal. Mr. Peter Robinson, a former Shell employee, and three other former executives are to face criminal charges in Milan, Italy, for another corrupt deal.
Shell’s admission that its system may not be free of bribery and corruption was made in a statement it issued on Wednesday.
Allegations centre around kickbacks from the sale of an oilfield in NigeriaAndrew Ward, Energy Editor
…the emergence of new corruption allegations involving a second Shell deal in Nigeria will focus further unwelcome scrutiny on the company’s conduct in the country. “We suspect a crime may have been committed by our former employee, Peter Robinson, against Shell in relation to the sale process for OML 42,” the Anglo-Dutch group said in a statement. FULL FT ARTICLE
While carrying out investigations over allegations in the purchase of the controversial Oil Prospecting License (OPL) 245, Royal Dutch Shell Plc said it discovered that one of its ex-vice-president, Peter Robinson may be culpable of crimes in the sale of another oil bloc, Oil Mining License (OML) 42. The oil company has continued to deny any wrongdoing in the Malabu scandal.While carrying out investigations over allegations in the purchase of the controversial Oil Prospecting License (OPL) 245, Royal Dutch Shell Plc said it discovered that one of its ex-vice-president, Peter Robinson may be culpable of crimes in the sale of another oil bloc, Oil Mining License (OML) 42.
The oil company has continued to deny any wrongdoing in the Malabu scandal.
In the course of its self-inquisition, Shell said it began to suspect that accounts in Switzerland and a company in Seychelles in Robinson’s name were used to take kickbacks from the sale of OML 42, Bloomberg quoted a source within the company as saying.
Reuters: MARCH 28, 2018
ZURICH, March 28 (Reuters) – Swiss federal prosecutors have supplied information to authorities in Italy and the Netherlands probing alleged corruption related to oil contracts in Nigeria, the Office of the Attorney General (OAG) said.
The information was handed over following a request for assistance from authorities in the two countries, the OAG said in response to a question from Reuters on Wednesday. They declined to comment on whether any assets had been frozen as part of the investigation.
Shell said it was “stunned and disappointed” by what it learned and has filed its criminal complaint with the Dutch authorities.
Royal Dutch Shell has filed a criminal complaint against a former executive in its Africa oil exploration business over bribery allegations, which have dogged Shell’s work in oil-rich Nigeria in recent years.
The oil major implicated Peter Robinson in the latest corruption scandal after an internal investigation unearthed suspicions of wrongdoing in the sale of an onshore Nigerian oilfield in 2011.
The Anglo-Dutch group is understood to suspect Mr Robinson of taking kickbacks on the deal to sell Shell’s stake in an aging onshore oil field, known as OML 42, to Nigerian oil firm Neconde Energy.
Ron Bousso, Libby George: MARCH 28, 2018
LONDON, March 28 (Reuters) – Royal Dutch Shell has filed a criminal complaint against a former senior employee over suspected bribes in the $390 million sale of an oilfield in Nigeria, where the company is already under investigation over a separate deal.
Dutch prosecutors confirmed they had received the complaint against Peter Robinson, a former vice president for sub-Saharan Africa. They said it would be included in an ongoing investigation into Shell and Italy’s Eni over the acquisition of a different Nigerian oilfield, known as OPL 245.
A bank account linked to Robinson was frozen by the Attorney-General in Switzerland after requests for legal assistance from the Dutch and Italian authorities, people familiar with the matter said last week. Several hundred million Swiss francs were in the account…Royal Dutch Shell Plc referred a former vice president for sub-Saharan Africa Peter Robinson to the Dutch authorities, suspecting he may have committed crimes related to an asset sale in Nigeria.
The allegations of criminal misconduct by one of its employees come at a difficult time for Shell. Europe’s largest energy company and several former executives, including Robinson, are already facing a criminal trial in Milan over an alleged bribery scheme related to the separate purchase of a Nigerian oil block called OPL 245.
Ron Bousso: MARCH 27, 2018
LONDON (Reuters) – Royal Dutch Shell’s (RDSa.L) U.S. boss, Bruce Culpepper, will step down at the end of the year and be replaced by former Maersk Oil Chief Executive Gretchen Watkins, the company said in a statement on Tuesday. Shell’s head of unconventionals, Greg Guidry, who oversees the Anglo-Dutch company’s shale production in North America and Argentina, will step down on June 31, when he will be replaced by Gretchen. FULL ARTICLE
HOUSTON, March 27, 2018 /PRNewswire/ — Royal Dutch Shell (Shell) today announced a series of changes to the makeup of its U.S. leadership team.
Following a 36-year career with the company, EVP Unconventionals, Greg Guidry, will leave his role on June 31, 2018.
Guidry will be succeeded by Gretchen Watkins, former CEO of Maersk Oil. Watkins will officially join Shell on May 1, 2018, and will be appointed EVP Unconventionals effective July 1, 2018. She will report to the Upstream Director and be based in Houston.
Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.
Fatih Birol: ‘Nobody should think that the switch to clean energy is free.’: Photo: Michel de Groot for Het Financieele Dagblad
Jeroen Groot • Fair
When it comes to energy and the energy transition, world leaders can not get around him. The Turkish economist and energy expert Fatih Birol (60) has been director of the International Energy Agency (IEA) since September 2015, with publications such as the World Energy Outlook for decades the source for analyzes on the energy market.
On Monday he was briefly in the Netherlands to talk about energy policy in The Hague, with Minister Eric Wiebes of Economic Affairs and Climate and the bosses of the major energy companies. His advice: be careful with the Groningen gas, despite the earthquakes.
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