A Dutch court may decide on Wednesday if Shell was complicit in the Nigerian government’s execution of the Ogoni Nine, environmental activists who were trying to fight the petroleum company’s exploitation of their oil-rich homeland.
The widows of four of the activists accuse Shell of instigating a brutal crackdown against peaceful protesters that led to the deaths of the Ogoni Nine in 1995.
Two of the widows will be in court to hear the ruling, in their most recent attempt to get justice for their husbands, who were falsely accused of murder and hanged in secret under Sani Abacha’s military regime after what is widely acknowledged to have been a discredited trial.read more
By Dulue Mbachu and Sherry Su: 30 April 2019, 10:38 BST Updated on 30 April 2019
Shell, Total declare force majeure on some crude oil grades
Idled Chevron well suffers fire after third-party incident
A spate of disruptions and security concerns, including kidnappings, are threatening to hinder surging Nigerian oil exports.
Royal Dutch Shell Plc and Total SA declared force majeure on some of their Nigerian exports over the past week, a measure that allows companies to skip supply obligations. Chevron Corp.’s Nigerian unit said an idled well was interfered with.
While the precise cause of the Total force majeure remains unclear, the Shell and Chevron incidents involved third parties. The disruption comes just a few years after militants caused Nigeria’s oil production to plunge by attacking pipelines and other pieces of energy infrastructure.read more
Esther Kiobel and John Donovan: Colchester UK: 28 April 2019
By John Donovan
I was delighted to welcome Esther Kiobel to my families Colchester home yesterday.
Esther and I have each been engaged for decades in our respective much-publicised epic litigation battles with Shell.
For over 22 years, Esther has been seeking justice for the alleged complicity by Shell in the murder of her beloved husband Dr Barinem Kiobel, executed with eight other Nigerian Ogoni rights campaigners, including Ken Saro-Wiwa – collectively known as the “Ogoni Nine“.read more
A Dutch court will this week (Wednesday 1 May) rule on an historic case against Shell, in which the oil giant stands accused of instigating a raft of horrifying human rights violations committed by the Nigerian government against the Ogoni people.
Esther Kiobel, Victoria Bera, Blessing Eawo and Charity Levula are suing Shell over what they say is its role in the unlawful arrest, detention and execution of their husbands by the Nigerian military, following a brutal crackdown on Ogoni protests against Shell’s devastating pollution of the region in the 1990s.read more
Esther Kiobel’s husband, Barinem, was one of the Ogoni Nine anti-oil protesters executed by Nigeria’s military regime: AMNESTY INTERNATIONALPhilip Aldrick:The Times
A Dutch court will rule this week on whether Royal Dutch Shell was complicit in the death of nine Nigerian anti-oil protesters in the 1990s.
The wives of four of the “Ogoni Nine” executed by Nigeria’s military regime are demanding compensation and a public apology from the oil major over allegations that it was instrumental in the arrests. One of the victims was Ken Saro-Wiwa, the prominent writer and activist. They were hanged in 1995.
A district court in the Hague is expected to rule on Wednesday. Shell has paid the families of protesters $15.5 million, but has never admitted wrongdoing and insists that it pleaded for clemency for the Ogoni Nine.read more
Several big fund managers believe that oil companies should shut themselves down because soon they will become impossible to invest in as the world switches to renewable energy.
A survey of 39 fund managers with $10.2 trillion under management found that 24 per cent wanted the oil industry “to wind down their businesses and return cash to shareholders”. All but two of the funds said that oil stocks would not be attractive investments within ten years if they failed to respond to climate risks.read more
A Shell spokesperson in The Hague reiterated on Saturday evening that the group is supporting the police in investigating the kidnapping case. He also abstained from further explanation.
Printed below is an English translation of an article published today by the Dutch FT, Financieele Dagblad.
Two Shell employees were abducted in Nigeria on Thursday. Two Nigerian agents who accompanied them died in the process.
The raid took place in the Delta region, the Nigerian police announced on Friday evening. The employees and their assistants returned from a business trip and were attacked by armed men on a road in the state of Rivers. The supervisors were killed, after which the Shell employees were taken away.
Nothing was disclosed about the identity and nationality of the two Shell employees.read more
Two oil workers of Shell Nigeria have been kidnapped in Rivers State.
Two police escorts were also killed during the kidnap, The Nation understand.
It was gathered that the incident happened on Thursday evening along the Ahoada-Ndele-Rumuji-Emohua axis of the East-West road, Rivers Staten.
The two kidnapped senior staff members of Shell Petroleum Development Company (SPDC) were said to be returning from an official trip from the neighbouring Bayelsa state when they were attacked by the gunmen, killing their security escorts.read more
London (CNN Business)Royal Dutch Shell’s stand on LGBT rights has come under scrutiny following the introduction of laws that punish gay sex with death in Brunei.
Eumedion, a Dutch corporate governance group backed by 60 institutional investors, will push Shell to use what influence it has with the Brunei government to press for the improvement of lesbian, gay, bisexual and transgender rights.
Eumedion counts large Shell shareholders including BlackRock, Standard Life Aberdeen and Capital Group among its members.
Talks with Shell could take place as early as next week…read more
By Mark Dummett, Amnesty International Business and Human Rights Researcher
On 1 May, a court in The Hague, the oil multinational’s home town, will deliver a ruling on whether a case brought by Esther and three other Nigerian women over Shell’s role in their husband’s deaths can proceed.
The four widows accuse Shell of instigating a brutal crackdown by the-then military regime against peaceful protesters in Ogoniland, in Africa’s most valuable oil-producing region, the Niger Delta, in the 1990s. The protests were over pollution, the chronic lack of development, and the unfair distribution of oil wealth.read more
April 25, 2019: An analysis by oil consultancy firm, Resources for Development, says oil giants Shell/Eni’s deal for the controversial OPL 245 included “unprecedented terms” which funded an alleged bribery scheme.
The analysis was commissioned by four non-governmental groups — Global Witness, HEDA, Re:Common and The Corner House — based on publicly available documents.
This included Shell and Eni’s valuations of the oil block, according to a statement released by the NGOs on Thursday.read more
Saudi Arabia’s state oil group has agreed to pay almost £500 million to Royal Dutch Shell to buy it out of an oil refinery joint venture on the Gulf.
Saudi Aramco will buy Shell’s 50 per cent stake in the plant, ending a 30-year joint venture, as it expands its refining and petrochemical operations in a drive to become the world’s largest energy company.
Saudi Aramco is the world’s biggest oil company, pumping more than 10 million barrels per day last year. The acquisition, for $631 million, is due to complete later this year.read more
Since Maarten Wetselaar, Royal Dutch Shell’s director of gas and new energies, suggested a few weeks ago that Shell could be “by far the biggest power company in the world” by 2035 as it moves into electricity, oil and gas rivals have been asking if they should be doing the same. Existing power suppliers have begun to worry about whether their business models are secure.
Bogus Group: In 2015 this prospect was given a production life of "at least 10 years"Did Shell expect such an early exit, or was this another BG Group recoverable miscalculation?https://www.upstreamonline.com/hardcopy/1805800/shell-to-pull-plug-at-knarr
uscitizen: Shell, the world’s second-largest listed oil and gas company after Exxon, cut costs heavily following its 2016 acquisition of BG Group for $53 billion and the 2014 oil crash.
Despite a slow and bumpy recovery in oil prices, it reported the largest profit among its peers last year and a jump in revenue from previous years.
Shell said its free cash flow - cash available for dividends and share buybacks - was set to rise to around $35 billion per year by 2025 based on a Brent crude oil price of $60 per barrel.
That compares with $28-33 billion in free cash flow it expects to deliver by the end of next year. Brent is currently trading just under $61 per barrel.
Shell, the world’s biggest dividend payer at $16 billion in 2018, expects to increase its dividend payouts to shareholders once it completes the $25 billion share buyback by the end of 2020 that it promised following the BG acquisition.
Shell last increased its quarterly dividend in the first quarter of 2014 to $0.47 per share.
uscitizen: All of the folks bashing Shell for the BG merger, I think we can now say this has been a very good financial move. Shell has overtaken Exxon and Integrated Gas is a big reason why. I am sure there are examples where some good people got pushed out, and I hate to hear that. However, lets not pull the wool over folks eyes and say this business decision was not sound.
Bonus Group: Further to yesterday's post.
Sound Energy plc
("Sound Energy" or the "Company")
Director/PDMR Shareholding
Sound Energy, the Moroccan focused upstream gas company, announces that it has been notified that Brian Mitchener, Executive Director, has today purchased 150,000 ordinary shares in the Company ("Ordinary Shares") at a price of 12.04 pence per Ordinary Share. As a result of this purchase, Mr Mitchener is interested in 150,000 Ordinary Shares, representing 0.0142% of the Company's issued ordinary share capital.
Bonus Group: UnSound Energy?
Readers may wonder why the darling of the AIM Market is now preparing itself for a sale of its Eastern Morocco acreage.
Perhaps, the answer may be found in the Annual Report 2018 available to download as a .PDF from the Sound Energy Website:
Page 49
Loss of Office and Change of Control Provisions
In the event of a change of control of the Company, the CEO, CFO and Exploration Director have the option to give notice and receive a lump sum equivalent to 18 months’ salary for the CEO, 12 months’ salary for the CFO and 8 months’ salary for the Exploration Director.All of the Company’s current share plans contain provisions relating to a change of control.
On a change of control, outstanding awards would normally vest and become exercisable, subject to the satisfaction of any performance conditions at that time.
Page 50
Summary Of Actual Remuneration (including Benefits in Kind and Performance Awards) Of Directors
Executive Directors
James Parsons £995,000
Brian Mitchener £323,000 (RSU Awards No. of Shares 862,682, Granted 26.04.18 Settlement date 01.01.21)
JJ Traynor £168,000 (RSU Awards No. of Shares 961,194, Granted 26.04.18 Settlement Date 01.01.21)
It should be remembered that Brian Mitchener is of the failed BG Group stable. It would seem that Bonus Group habits are hard to let g0!
Bogus Group: I concur with Bonus Group recollection of the tin pot, lacklustre, parvenu outfit. There was no place in BG Group for experienced professionals if they didn’t possess the sycophant tendencies required to stoke the egos of those deluded by corporate grandeur.
Large remuneration packages were not uncommon then too, the chief executive received circa £13mm (published) in bonuses throughout his 12 year tenure. During that period there were 26 fatalities, roughly £500k for each. That was more than distasteful.
Bonus Group: Today is the anniversary date of the agreement on terms of the takeover of BG Group (a tin pot, lacklustre, parvenu outfit) by Royal Dutch Shell plc in 2015. In consequence of BG Group's consistent failures to meet targets and the engineered predatory takeover by Royal Dutch Shell plc the careers and professional lives of many experienced Geoscientists and Engineers were brutally butchered, terminated, and cast aside like so much offal, so it is rather distasteful to see the size of Ben van Beurden's remuneration package being flaunted in the press by Royal Dutch Shell plc.
CEP Problems: It seems to be impossible right now to get any chance of landing a job inside Shell these days. Everytime people apply for jobs unless they have high potential or a diversity point they get rejections. I got told recently that the hiring manager was looking for someone with high potential. Don't these people realise that they also need QUALIFIED people to actually do the work. Ridiculous but it almost getting to age discrimination these days. Rant over.
Shell Canada Insider: SHELL CANADA
...they are wanting to sell their Alberta operations..... because there is no money left in it...they have syphoned it all off.....
I think also on 2010-2011 they had multiple explosions at their Caroline facility supposedly an employee during an explosion at the south compressor station had to be airlifted to hospital and was seriously injured.
The aer/ govt shut it down. it was closed for 6 months and half of the plant was decommissioned when it restarted.
That must have cost them millions of dollars.....there should be government records of this stuff....
The description of the fairleads causing the mooring ropes to chafe to such an extent is almost so ridiculous to render ex-seafarer speechless. The fitting of nylon liners inside the fairleads is something new for me but the idea behind it would may be to reduce the friction of the mooring lines when running through the fairlead thus reduce any temperature potential in a zone 2 area. Fixing one potential risk appears to have created another one of greater risk potential. I am not sure how the nylon liners in the fairleads would have such sharp edges to chafe the mooring lines on their own and perhaps there may have been something else to which the journalist has missed out. The reported leakage of LNG in the manifold area from a flange should not have happened but the liquid transfer areas are all bunded in low-temperature materials and provided with a constant supply of running water during cargo handling activities. Power outages during start-up operations and ongoing are nothing new and others can be expected, hopefully not very often as the restart of such a complicated process system takes a long time and much effort. The problem with firewater deluge over the LNG storage tanks reported is of considerable concern but the journalist does not mention if this was during the period when systems were being tested prior to the introduction of LNG or after. If before then this section of the report is just journalistic license and of no consequence whatsoever. The other issues as reported can be considered minor during the preparation phase before the introduction of hydrocarbons in any form but definitely of concern if these incidents were after the introduction of hydrocarbons. I wish the people who are experiencing the startup of such a complicated and complex plant every success. Take the time that is needed to be successful by being safe, good luck.
John Donovan: Irish Backstop Update
According to a Sunday Times article two days ago, "Ireland continues to dodge difficult questions about how it will protect the single market and also maintain an open border under a no-deal."
IRELAND has been warned it faces the difficult choice between implementing a hard border or being forced out of the EU’s single market in an unprecedented move to protect the bloc from a no-deal Brexit.
Dublin will be forced to make the tough choice if Britain quits the EU without a deal, according to a number of senior EU figures.
The European Commission sparked fury from Ireland after declaring Dublin would have to implement a hard border in the event of a no-deal Brexit. After significant protests from, which involved a heated debate between Leo Varadkar and Jean-Claude Juncker, Michel Barnier, the EU’s chief negotiator, suggested “operational solutions” would have to be found in order to prevent a hardening of the border.
But now high-ranking MEPs have hardened their position, insisting the single market must not be compromised even to maintain peace on the island of Ireland.
Elmar Brok, a German MEP with close ties to Angela Merkel, insisted that if Ireland failed to police its own borders the EU would have to take its own protectionist action.
“We would have to set up a customs border with Ireland,” the German said.
He also warned that if Brussels didn’t make the demands then "we will soon have American chlorine chicken in the EU".
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OPL 245 CORRUPTION SCANDAL: LATEST NEWS
$1.3bn Malabu Oil Scandal: Italy Protests Swiss Delay in Releasing Evidence against Shell, Eni 22 Jun 2019 04:10 This Day Chika Amanze-Nwachuku with agency report
Italian prosecutors have expressed dissatisfaction about lengthy delays in obtaining evidence they have requested from Switzerland in the criminal charges against Royal Dutch Shell and Italy’s Eni with regard to …
FG names Shell, Eni executives in $1bn bribery case – The Punch 08 May 2019 11:43 Google ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
FG files fresh charges against Shell executives, JPMorgan over Malabu Oil scandal 08 May 2019 10:01 Herald Sequel to the lawsuit filed last year against Royal Dutch Shell Plc, Eni and JP Morgan for being involved in a $1bn oil block bribery case, the Federal Government has submitted new case documents that indict their top executives.
FG said in the court files …
FG names Shell, Eni executives in $1bn bribery case 08 May 2019 08:09 Punch Newspapers ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245 02 Mar 2019 10:19 Biz Watch Nigeria Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011.
Shell said in a …
John Donovan’s ebooks
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON. EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
A Dutch court may decide on Wednesday if Shell was complicit in the Nigerian government’s execution of the Ogoni Nine, environmental activists who were trying to fight the petroleum company’s exploitation of their oil-rich homeland.
A Dutch court will this week (Wednesday 1 May) rule on an historic case against Shell, in which the oil giant stands accused of instigating a raft of horrifying human rights violations committed by the Nigerian government against the Ogoni people.
Climate change could wipe up to $4 trillion off the value of fossil fuel assets, the governor of the Bank of England has said: ALAMY
by
By 
Anna Gross
April 25, 2019: An analysis by oil consultancy firm, Resources for Development, says oil giants Shell/Eni’s deal for the controversial OPL 245 included “unprecedented terms” which funded an alleged bribery scheme.
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EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.