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OilPrice.com: Oil Majors Are Ignoring Climate Targets

By Nick Cunningham – Nov 02, 2019, 4:00 PM CDT

The carbon bubble “continues to inflate,” according to a new report from Carbon Tracker. And yet no major oil company has aligned its operations with the goals set out in the Paris Climate Agreement.

This is not just a matter of bad corporate behavior. The oil industry is charging ahead with oil and gas projects that completely defy climate targets, which means that they are taking on serious financial risk. “Companies who continue to sanction higher-cost projects which do not fit with a lower demand scenario risk destroying significant shareholder value through the creation of stranded assets,” Carbon Tracker warned. The more companies delay, the greater risk they take on. read more

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Shell Cannot Claim Secrecy Over Seized Documents IN OPL 245 Case, Dutch Court Rules

A court in Rotterdam, Netherlands, has ruled against Shell’s attempt to prevent certain documents seized from its headquarters in 2016 from been used against it in a trial over its purchase of Oil Prospecting License (OPL 245).

Under Dutch rule, documents that have been examined by a lawyer and used to make internal recommendations in an organisation cannot be tendered in a trial against that firm based on a professional secrecy law.

Shell had tried to argue that its 15 internal lawyers had viewed the documents in question and deserve the professional secrecy cover. read more

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OPL 245: No professional secrecy for Shell lawyers

Justice is investigating bribery by Shell in Nigeria.

Oil company Shell cannot hide behind the professional secrecy of employees of its legal department in corruption and fraud investigations. The Rotterdam court reached that conclusion in a judgment published Friday afternoon.

The court sweeps the floor with Shell’s argument that the fifteen lawyers who are employed by the oil company in the Netherlands can invoke their professional secrecy. The reason for the judgment, which can have far-reaching consequences for major criminal cases, is a judicial investigation into bribery by Shell in Nigeria. read more

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OPL 245: Mysterious briefcase can finally be opened

The mysterious suitcase can finally be opened. For years prosecutors in the Netherlands and Italy have been waiting for a suitcase full of potentially incriminating documents about the involvement of the Shell and Italian oil companies Eni in a corrupt oil deal in Nigeria. The suitcase was seized by accident in Geneva in April 2016 and has since been the subject of a large number of legal proceedings.

They are now over, according to a judgment published this week by the federal court in Geneva. Both the Italians and the Dutch Public Prosecution Service therefore have access to the case, the Swiss public prosecutor tells NRC . read more

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FORTUNE: The Never-Ending $1.1 Billion Oil Scandal: Why A U.K. Court Is Letting Nigeria Sue JPMorgan Chase

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By Vivienne Walt: October 11, 2019

Even for a company the size of JPMorgan Chase, it might to be hard to miss a sum of $1.1 billion zipping across a client’s account. That’s the argument currently winding its way through U.K. courts in London, where the government of Nigeria is suing the biggest U.S. bank, arguing that oil giants Royal Dutch Shell and the Italian company Eni paid that amount to allegedly corrupt Nigerian officials in 2011 for a license to drill in a hugely rich offshore oil block—and that JPMorgan ought to have blocked the deposits. read more

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OILPRICE.COM: Shell, Eni Relax After Major Investigation Comes Up Empty

By Julianne Geiger – Oct 02, 2019, 10:00 PM CDT

Royal Dutch Shell and Eni are in the clear as far as the US Department of Justice is concerned, after the DOJ on Wednesday notified the two separately that it was closing its investigation into the OPL 245 oilfield case—also known as the Malabu oil deal–in Nigeria that dates back to 2011.

“The U.S. Department of Justice (DoJ) has notified us that it has closed its inquiry into Shell in relation to OPL 245. We understand that this is based on the facts available to the DoJ, including ongoing legal proceedings in Europe,” Shell said in a statement on Wednesday, as carried by Reuters. read more

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U.S. Justice Department drops investigation into Shell over Nigerian oil deal

OCTOBER 2, 2019 / 4:22 PM

LONDON (Reuters) – Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its inquiry into Shell over the 2011 $1.3 billion acquisition of a Nigerian offshore oilfield.

Shell and Italy’s Eni are both currently on trial in Milan on graft allegations revolving around the acquisition of the OPL 245 oilfield.

“The U.S. Department of Justice (DoJ) has notified us that it has closed its inquiry into Shell in relation to OPL 245. We understand that this is based on the facts available to the DoJ, including ongoing legal proceedings in Europe,” Shell said in a statement. read more

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Shell gives up Kazakh oil field development

English translation of an article published by beursonline

“Shell gives up Kazakh oil field development”

Posted on Sep 26, 2019 at 4:49 PM | Reactions: 2

THE HAGUE (AFN) – Shell is currently refraining from developing an oil field in Kazakhstan. So far, the oil and gas giant has failed to make the Kalamkas-Sea oil field in the north of the Caspian Sea profitable. Insiders say that to press agency Bloomberg.

Shell is working with industry peers such as the Italian company Eni on the development of Kalamkas-Sea. The efforts of energy companies to reduce the costs of the project failed. In order to continue the development on Kalamkas-Sea, Shell and industry peers must still find a way to realize the development more cheaply. read more

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Reuters: Top Swiss court lets prosecutors help Italian oil corruption probe

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Top Swiss court lets prosecutors help Italian oil corruption probe

SEPTEMBER 23, 2019 

ZURICH (Reuters) – Switzerland’s top court has allowed Geneva prosecutors to share with Italy material they seized more than three years ago that could shed light on a case involving oil majors Eni (ENI.MI) and Royal Dutch Shell (RDSa.L) and corrupt payments in Nigeria.

In a ruling announced on Monday, the Federal Tribunal rejected Nigerian defendant Emeka Obi’s appeal to prevent photocopies of items and computer files from his confiscated suitcase from being sent to Italian crimefighters. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Reuters: Italy widens probe into alleged obstruction in Nigeria graft case

In the corruption case, Eni and Shell are accused of buying Nigeria’s OPL 245 offshore oilfield in the knowledge that the vast majority of the $1.3 billion purchase price would be siphoned off to agents and middlemen in corrupt payments.

Emilio Parodi: JULY 4, 2019

MILAN, July 4 (Reuters) – Italian prosecutors are widening an investigation into suspected obstruction of justice by officials of oil group Eni, sources said, threatening to open a new legal front for the company as it defends itself in a major corruption trial.

The inquiry is preliminary and has been overshadowed by the ongoing trial, which centres on the 2011 purchase of a Nigerian oilfield by Eni and oil major Shell, but it is gathering momentum, said three sources familiar with the probe. read more

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SAHARA REPORTERS:Nigeria’s OPL 245 Scandal: One Of World’s Biggest Oil Industry Corruption Trials

Italian prosecutors accuse former and current executives of the two energy giants of paying bribes to secure the licence. In March 2019, Dutch prosecutors said they were preparing criminal charges against Shell over OPL 245.

BY SAHARAREPORTERS, NEW YORK: JUL 18, 2019

According to Reuters, one of the oil industry’s biggest corruption trials revolves around a Nigerian offshore licence known as OPL 245, which Royal Dutch Shell and Italy’s Eni bought in 2011.

Italian prosecutors accuse former and current executives of the two energy giants of paying bribes to secure the licence.

Shell and Eni, and their executives have denied the accusations and any wrongdoing.

Below are a list of legal actions that have arisen from the award of OPL 245: read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Malabu Scandal: How Shell, Eni, Jonathan’s ministers, others negotiated $1.3 billion deal – Witness

Although Shell and ENI initially claimed they did not know the money would end up with Mr Etete and his cronies, evidence has shown that claim to be false.

: July 18, 2019

A major witness in the long-running Malabu oil scandal on Wednesday told an Italian court that Eni officials knew that the controversial payment made in the deal would go to Malabu oil company, controlled by Nigeria’s former oil minister, Dan Etete.

Vincenzo Armanna, former Eni manager and defendant in the corruption trial, said in his testimony that it was clear to everyone involved in the deal that Mr Etete would get over $1 billion, adding that there was no doubt the money was going to Malabu. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Reuters: Eni officials tried to tamper with witness in Nigeria OPL 245 case: prosecutor

Oil major Shell (RDSa.L), which jointly bought the offshore field with Eni, is also on trial for corruption over the deal.

Emilio Parodi: 17 July 2019

MILAN (Reuters) – Officials from Eni (ENI.MI) sought to convince a witness, a former Eni manager, to withdraw some statements he made during investigations into a Nigerian corruption case involving the Italian oil group, a court heard on Wednesday.

Prosecutor Fabio De Pasquale made the comment in a trial hearing into the case, during a legal debate over a request by Eni lawyers to adjourn proceedings to give more time to consider evidence in a related obstruction-of-justice investigation. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OILPRICE.COM: Eni Managers Accused of Attempted Witness Tampering In OPL 245 Oil Corruption Case

An Italian prosecutor told a local court on Wednesday the court was made aware that managers at Italy’s oil major Eni tried to tamper with a witness in an ongoing investigation into alleged corruption in an oil block award in Nigeria.

“We have become aware that Eni, through its managers, would have tried to influence and would have approached the defendant (Vincenzo) Armanna to convince him to withdraw some of his statements,” Reuters quoted prosecutor Fabio De Pasquale as telling the court today. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Litigation stemming from OPL 245, including criminal cases against Shell and ENI

In May 2018, the main trial in Milan started, in which Eni Chief Executive Claudio Descalzi, former Shell exploration chief Malcolm Brinded and 11 other defendants, as well as the two companies, were accused by Italian prosecutors of paying bribes to secure the licence. All the accused denied wrongdoing.

FACTBOX-Legal cases sparked by Nigerian oilfield licence award

LONDON, July 17 (Reuters) – One of the oil industry’s biggest corruption trials revolves around a Nigerian offshore licence known as OPL 245, which Royal Dutch Shell and Italy’s Eni bought in 2011.

Italian prosecutors accuse former and current executives of the two energy giants of paying bribes to secure the licence.

Shell and Eni, and their executives, have denied the accusations and any wrongdoing.

Below are a list of legal actions that have arisen from the award of OPL 245:

* Some key issues related to the OPL 245 case came to light in two separate civil suits  filed shortly after the 2011 deal by a Nigerian, Emeka Obi, and a former Russian diplomat, Ednan Agaev, who said they were owed millions of dollars by a Nigerian company, Malabu Oil and Gas, for arranging meetings with Shell and Eni in relation to the licence, court filings show. Obi was awarded at least $100 million for his work as a “dealmaker”, the court records show. Agaev reached an out-of-court settlement. read more

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OPL 245: Italy protests Swiss delay in releasing evidence in Nigeria graft case

Swiss police found the documents in a briefcase they seized in April 2016 in an inquiry unrelated to the corruption case, and the source said Milan prosecutors believed the documents could be vital to their prosecution of Eni and Shell. But Italy’s request for the documents to be handed over has been blocked by Swiss courts after repeated legal challenges by the owner of the briefcase, Nigerian lawyer Emeka Obi, who was charged alongside Eni and Shell executives in the graft case.

MILAN (Reuters) – Italian prosecutors have complained to Switzerland about lengthy delays in obtaining evidence they have requested in an international corruption case involving oil firms Shell and Eni, a source familiar with the matter said.

Milan prosecutors wrote in April to the Geneva prosecutors’ office in a previously undisclosed letter, describing their three-year wait for documents to be handed over by Swiss authorities as “unprecedented”, the source said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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