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Shell’s $12 Billion LNG Experiment Becomes A Big Headache

A series of recent events highlight the challenge Shell has ahead of it with Prelude, and plans for sister vessels which are supposed to follow.

Tim Treadgold Asia: June 23, 2020

The world’s biggest ship is on the way to becoming one of the oil industry’s biggest bloopers.

Prelude, a 600,000-ton monster which is five-times the size of the largest U.S. aircraft carrier, is designed to produce liquefied natural gas (LNG), and other petroleum liquids.

Installed atop a remote gasfield 300 miles off the north-west Australian coast, the 535-yard long Prelude is a bold experiment by the oil major, Royal Dutch Shell. read more

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.

Shell plans major overhaul around climate drive, CEO tells employees

“Over the coming months we will go through a comprehensive review of the company. Where appropriate we will redesign our organization to adapt to a different future…”

Reuters: Ron Bousso and Shariq Khan: June 23, 2020 9:45 AM EDT

LONDON — Royal Dutch Shell will announce a major restructuring by the end of the year as the energy company prepares to accelerate its shift towards low-carbon, CEO Ben van Beurden told employees according to a company source.

In a video interview published on Shell’s internal website, van Beurden said that the restructuring would involve job cuts as part of broad cost reductions, although no figures have been decided yet, according to sources who saw the interview. read more

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.

British supreme court hears Nigerians’ case in Shell oil spill claim

ABUJA, June 23 (Reuters) – Britain’s Supreme Court heard an appeal on Tuesday from Nigerian farmers and fishermen seeking to pursue claims against oil major Royal Dutch Shell over spills in the Niger Delta.

The appeal re-opens the possibility of British multinationals being held liable at home for their subsidiaries’ actions abroad. It comes after a setback in 2018 when a London court ruled that the claims could not be pursued in England.

A judgement is expected later this year or in early 2021, a court spokeswoman said. read more

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.

Nigerians Bid to Sue Shell in U.K. Over Oil-Spill Pollution

Nigerians Bid to Sue Shell in U.K. Over Oil-Spill Pollution

Photo source

By William Clowes and Laura Hurst: 23 June 2020, 05:00 BST

  • Residents want to use 2019 ruling to access U.K. courts
  • Shell says compensation lawsuit should take place in Nigeria

Thousands of Nigerians are asking British judges to give them permission to sue Royal Dutch Shell Plc in London over environmental damage caused by oil spills 3,000 miles away in Africa.

Lawyers for residents of the crude-rich Niger Delta believe a landmark U.K. Supreme Court ruling last year against a London-based miner should set a precedent. Shell, which has blocked the suit twice from entering British courts, says the litigation should be heard in the West African country. read more

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.

American Ballet Theatre Bizarre Pas de deux with British Spy Firm, Hakluyt & Co

By John Donovan

I wonder if the American Ballet Theatre is aware of the sinister background of its new benefactor, Hakluyt & Co – the corporate intelligence agency sometimes described as the commercial offshoot of MI6.

Titled Shell directors, the late Sir Peter Holmes, and Sir William Purves, were also directors, major shareholders and spymasters of Hakluyt & Company, a UK corporate espionage firm founded by former senior MI6 officers. BP directors were also involved. 

Shell used Hakluyt to engage in cloak and dagger operations against its perceived enemies, including Greenpeace, as exposed in a Sunday Times front-page lead article “MI6 ‘firm’ spied on green groups”. Continuing on to an inside page feature headlined “How agent Camus sunk Greenpeace oil protests”.  read more

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.

After BP takes a hit, investors widen climate change campaign

Reuters: Matthew Green and Simon Jessop: June 22, 2020

LONDON — Investors managing £1.8 trillion ($2.2 trillion) in assets are widening a campaign pressing oil majors to better reflect climate risks in their accounting, and will soon target other businesses with heavy fossil fuel exposure, the group said on Monday.

The investors believe their campaign is working, noting the “hugely important” news of BP joining other oil majors in lowering the value of its assets amid a global transition to cleaner energy, said Natasha Landell-Mills, head of stewardship at asset manager Sarasin & Partners. read more

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.

Even the oil giants can now foresee the end of the gasoline age

The fall in fuel use during the pandemic has caused Shell and BP to fundamentally reappraise their future profitability Sun 21 Jun 2020

Coronavirus has dealt the fossil-fuel industry the biggest single blow in its history, and it is clear that 2020’s plummeting demand for oil and gas is no mere flesh wound. The global Covid-19 crisis may have already triggered a terminal decline for big oil.

BP’s decision last week to reset its oil price forecasts for the next three decades was the latest tremor in a seismic shift for the industry. Its forecasts of a $75-a-barrel oil price over the next 30 years were scrapped in favour of an average price of $55. The watershed decision wiped more than $17bn from the value of its business at a stroke read more

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.

UK Supreme Court to hear Niger Delta Communities’ pollution claims against Shell

By Chinedum Uwaegbulam: 20 June 2020

More than 40,000 Nigerians from the Ogale and Bille Communities in the Niger Delta will take their legal fight against Shell to the UK Supreme Court on Tuesday, June 23, 2020.

The case will be heard via video link and will be live-streamed online. The hearing is listed for one day. The communities argue in their legal case that they have been severely affected by years of oil spills from oil pipelines owned and operated by Shell. read more

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.

Nigeria: Shell still failing to clean up pollution in Niger Delta

Only 11% of contaminated sites have even seen clean-up operations begin

Thousands of Ogoni people still facing serious health risks, some unable to access safe drinking water

Supreme Court to hear case next week brought by affected Niger Delta communities 

‘The discovery of oil in Ogoniland has brought huge suffering for its people’ – Osai Ojigho 

Nearly ten years after the UN called for a major clean-up of areas of the Niger Delta polluted by the oil giant Shell and other oil companies, decontamination work has begun on only 11% of planned sites while vast areas remain heavily contaminated, according to a new investigation by four NGOs published today. read more

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.

AMNESTY INTERNATIONAL: No clean up, no justice: Shell’s oil pollution in the Niger Delta

18 JUNE 2020

Nearly 10 years after a clean-up was urged for areas polluted by Shell and other oil companies in the Niger Delta, work has begun on only 11% of planned sites while vast areas remain heavily contaminated, according to a new investigation by four NGOs.

In 2011 the UN Environment Programme (UNEP) released a report documenting the devastating impact of the oil industry in Ogoniland, and set out urgent recommendations for clean-up. But the new investigation highlights that “emergency measures” proposed by UNEP have not been properly implemented and that the billion-dollar clean-up project launched by the Nigerian government in 2016 has been ineffective. read more

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.

Latest Nigerian News on OPL 245 Scandal

Money Laundering: Nigerian Federal Government re-arraigns Ex-AGF Adoke, Aliyu Abubakar

By Ikechukwu Nnochiri, Abuja: 17 JUNE 2020

The Federal Government, on Wednesday, re-arraigned the immediate past Attorney-General of the Federation and Minister of Justice, Mohammed Adoke, SAN, on an amended seven-count money laundering charge.

Adoke took fresh plea before trial Justice Inyang Ekwo alongside his co-defendant, Aliyu Abubakar, who is an oil tycoon.

In the charge marked FHC/CR/89/2017, FG alleged that Adoke had in September 2013, accepted the sum of United States Dollars equivalent to N300million from the 2nd Defendant, Abubakar, and thereby committed an offence under section 1 (a) of the Money Laundering Prohibition Act 2011 (as amended) and punishable under section 16 (2)(b) of the same Act. read more

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.

Bloomberg: Pandemic Brings Pain and Opportunity for Fragile Oil Giants


BLOOMBERG: By Laura Hurst: 16 June 2020, 00:01 BST Updated on 16 June 2020, 13:43 BST

The coronavirus has exposed the fragility of some of the world’s biggest oil and gas companies, but also given them the opportunity to make investors swallow some unpleasant remedies.

Since the pandemic started, BP Plc and Royal Dutch Shell Plc have made drastic changes to their businesses, from multibillion-dollar writedowns to big cuts to dividends and jobs.

They explained these moves as responses to the dual threats of the lockdown-induced oil slump and the growing pressure to cut carbon emissions. Yet the decisions say as much about the companies’ individual fragility as they do of the challenges faced by the broader industry. read more

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.

FT: Big Oil faces up to a future beyond petroleum

THE EDITORIAL BOARD: 15 JUNE 2020

Big Oil faces a future where it may not be so big, and may have less to do with oil.

Investing in Big Oil, like Big Tobacco, has become much less acceptable.

Royal Dutch Shell has vowed to become the world’s largest electricity company by the 2030s.

FULL FT ARTICLE

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.

OPL 245: The Nigerian Ministry of Justice Needs To Get Its Act Together

14 JUNE 2020

As oil prices tumble and the world heads into a COVID-19-induced recession, Nigeria needs every naira that it can recover from looted assets that are hidden abroad.

It was never going to be easy getting Nigeria’s money back. The forces lined up against justice for the victims of corruption are mighty, and if they are to be countered, it demands nothing less than the full commitment of the Ministry of Justice to a coherent, well-funded, transparent asset recovery programme. read more

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.

McMillions$, McLibel and McShell

Despite McMillion$, McDonald’s is a saintly global business compared with Shell

By John Donovan

Shell has over 44,000 service stations worldwide and operates in over 70 countries. McDonald’s has almost 38,000 outlets worldwide and operates in over 100 countries. Both multinational giants operate with an ethical question mark hovering over their business activities. Both have run well-known hugely popular promotional games such as McDonald’s Monopoly and Shell Make Money.

McMillion$ is the name of a hit true-crime TV documentary series about fraudulent promotional games conducted by McDonald’s for many years. McDonald’s was an innocent party until the last of the rigged promotions. The story is being made into a movie starring Matt Damon and Ben Affleck. Shell also has a track record of running a flawed multimillion£ game in which all major prizes could be identified and removed by dishonest staff before they reached the public. read more

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.

Premium Times: EXCLUSIVE: Malabu Scandal: Nigeria grounds Dan Etete’s $57million jet in Canada

EXCLUSIVE: Malabu Scandal: Nigeria grounds Dan Etete’s $57million jet in Canada

The entire Malabu OPL245 deal is now subject to a corruption trial in Italy, where Mr Etete is an accused, together with alleged middlemen, Eni and Shell, and several of their executives. and

Nigeria has tracked down and grounded the luxury private jet purchased by its former oil minister, Dan Etete, with some of the alleged proceeds of the notorious $1.3 billion Malabu OPL245 oil deal.

Asset recovery lawyers acting for the Nigerian government swooped last week after the Bombardier 6000 jet, tail number M-MYNA, touched down at Montréal-Trudeau International Airport in Canada on Friday evening (29 May). read more

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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