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Posts under ‘Malcolm Brinded’

FACTBOX-Legal cases sparked by Nigerian OPL 245 oilfield licence

FACTBOX-Legal cases sparked by Nigerian OPL 245 oilfield licence

LONDON, Nov 12 (Reuters) – One of the oil industry’s biggest court cases over alleged corruption in Nigeria involves an offshore oilfield licence known as OPL 245, which Royal Dutch Shell and Italy’s Eni bought in 2011.

Italian prosecutors allege that most of the payment for the licence was siphoned off to politicians and middlemen.

Shell and Eni and the managers accused in the Milan court case, including Eni CEO Claudio Descalzi, have all denied any wrongdoing. 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.

The Evidence: Classified files shed light on JP Morgan role in ‘corrupt’ oil deal payout

FINANCE UNCOVERED.ORG

The Evidence: Classified files shed light on JP Morgan role in ‘corrupt’ oil deal payout

by Margot Gibbs and Lionel Faull: October 1, 2020

Classified documents from Britain’s financial crime agency have revealed how it allowed JP Morgan to pay $875 million of suspicious funds to a Nigerian politician widely known as a convicted money launderer.

The documents, rarely seen Suspicious Activity Reports (SARs), were filed by the banking giant’s London branch as it raised concerns about huge payments it was being asked to make by the Nigerian government to Dan Etete, the country’s former petroleum minister. 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.

LARGEST CASE IN INDUSTRY’S HISTORY Nigeria Eni/Shell corruption case: Future of Eni’s CEO at stake

LARGEST CASE IN INDUSTRY’S HISTORY

Nigeria Eni/Shell corruption case: Future of Eni’s CEO at stake

By Christophe Le Bec
Posted on Thursday, 24 September 2020 18:22

The highly publicised corruption trial which alleges that oil majors Eni and Shell took part in an unlawful acquisition – that of the OPL 245 oil licence in Nigeria – entered its final phase on Monday, 21 September in Milan, with the defence presenting its case.

Key business and political figures were set to go before the Italian court in relation to a Nigerian business deal dating back to the early 2000s. The corruption case is one of the largest in the oil industry’s history. 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.

OPL 245: “an axis of spies that runs through this story”

By John Donovan

In the recent article (below”) about the OPL 245 corruption scandal, published under the translated headline “Eni-Nigeria trial, Prosecutor requests 8 Years sentence for Descalzi,” reference is made to “an axis of spies that runs through this story.”

It mentions the involvement of Shell’s MI6 hires responsible for generating the incriminating emails found in the raid and search of Shell’s HQ that has done so much damage to Shell’s reputation. 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.

OPL 245: Shell’s flawed anti-corruption system

Translation of an article published overnight by the Dutch media organisation nrc.nl

High prison sentences demanded against former Shell employees

Lawsuit In a criminal case for alleged corruption by Shell and Eni when purchasing a Nigerian oil field, the Public Prosecution Service demands high penalties.

Merijn Rengers and Carola Houtekamer: July 21, 2020 at 22:22

The Italian Public Prosecution Service demanded unprecedented high prison sentences in Milan on Tuesday against four former Shell directors and employees for large-scale corruption. The prosecution charges it to a former member of the board of directors, a director and two advisers who participated in bribery in Nigeria. The amount of the kickback, more than $ 1 billion, makes this one of the largest corruption affairs a Dutch company has ever been involved in. 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.

MI6 hires exploring the dark side of OPL 245

Translation of an article published overnight by the Dutch news media organisation, nrc.nl

Of course, Shell knew about the corruption risk, the prosecutor said

Lawsuit over oil field In a dim Milanese bunker, Tuesday was worked towards the denouement in the corruption case against oil companies Shell and Eni. Prosecutor Fabio De Pasquale calls it “the perfect economic crime.”

Carola Houtekamer: July 21, 2020

The lawsuit revolves around the acquisition of rights to the oil field “OPL 245”, for which Shell and Eni paid $ 1.3 billion. Photo George Osodi / Getty 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.

Italy prosecutors seek jail sentences for Eni, Shell executives in Nigeria case

MILAN, July 21 (Reuters) – Italian prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former executives, including Eni CEO Claudio Descalzi, to be jailed in a long-running trial over alleged corruption in Nigeria.

In a Milan court, prosecutors asked on Tuesday for eight years in prison for Descalzi and seven years and four months for Shell’s former head of upstream Malcolm Brinded.

The prosecutors also asked for Eni and Shell to be fined 900,000 euros ($1.04 million) each and sought to confiscate a total of $1.092 billion from all the defendants in the case, the equivalent of the bribes alleged to have been paid. 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.

OPL 245: Italian Prosecutor Seeks over 7 Years Jail for Malcolm Brinded

Prosecutor Seeks 8 Years Jail for Eni CEO on Bribe Charge

Alberto Brambilla: Jul 21 2020, 10:36 PM Jul 21 2020, 11:10 PM

(Bloomberg) — A prosecutor in Milan asked for eight years of jail time for Eni SpA Chief Executive Officer Claudio Descalzi over an allegedly corrupt $1.1 billion Nigerian oil deal.

The court should reach a conclusion later this year on the accusation that most of that payment was distributed as bribes.

Any verdict could be subject to a long appeals process.

In his closing arguments on Tuesday, prosecutor Fabio De Pasquale asked the court in Milan for the sentence for Descalzi, who oversaw the company’s oil exploration and production unit at the time. The CEO denies any wrongdoing and he was re-appointed to the position by the Italian government in April. 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.

Italy prosecutor says Eni, Shell aware of bribes in Nigeria case

Reuters:

MILAN (Reuters) – Oil majors Eni <ENI.MI> and Royal Dutch Shell <RDSa.L> were aware that most of the money they spent to buy a Nigerian oilfield in 2011 would go in corrupt payments to politicians and officials, a prosecutor said on Thursday.

“They were kickbacks. And Eni and Shell knew it,” Sergio Spadaro told judges in Milan, summing up the prosecutors’ case in what is one of the industry’s largest corruption scandals ever.

Italy’s Eni and Shell, who deny any wrongdoing, bought the OPL 245 offshore field in 2011 for about $1.3 billion from Malabu, a company owned by former Nigerian oil minister Dan Etete. 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.

No winners from Shell’s $US17B Prelude floating LNG

Peter Milne  Peter Milne

Shell’s Prelude floating LNG facility off the WA coast was to be the first of many that would open up stranded gas reserves around the world thanks to the technical and project management prowess of Anglo-Dutch oil and gas giant Shell.It has not turned out that way.When the 488m-long giant arrived in Australia almost three years ago, Shell expected to receive cashflow from the Prelude in 2018.

While the Prelude did export LNG at about half its capacity for the second half of 2019, it is now idle.

Moored far off the Kimberley coast it is plagued with technical problems, dwindling gas reserves and safety processes condemned by the regulator despite Shell and its partners spending about $US19.3 billion ($A30.0 billion) to the end of 2019.

Neither Shell and its partners nor Australia have gained anything near what they expected from the giant experiment. 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: THE “OPL 245” BRIBERY CASE

3.3 THE “OPL 245” BRIBERY CASE

In 2018, Italian prosecutors brought a criminal case over the alleged involvement of Shell, and the Italian oil multinational Eni, in a 1.3 billion US dollar bribery scheme linked to the license of OPL 245. This is the name of one of Nigeria’s most valuable offshore oil blocks.

Thirteen individuals, including some current and former senior managers of Shell and the Italian oil company Eni, are currently on trial in Italy relating to how the two companies acquired the block in 2011.80 The defendants include both companies, a former Royal Dutch Shell Executive Board Member and two former MI6 agents who worked for Shell.81 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.

Malabu Scandal – Nigeria Loses Bid to Postpone London Trial

The Nigerian government on Monday lost a bid to postpone a massive claim against oil giants, Eni and Shell, in a London court.

Royal Dutch Shell and Eni’s bid to block a $1.1 billion civil claim over corruption allegations in Nigeria will go ahead next month, Mark Pelling, a judge in a London court ruled on Monday.

The court ruled that it should not wait for a connected Italian ruling.

Nigeria wanted the April court date postponed until January 2021, when a connected criminal case in Milan will have concluded. 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.

For almost a decade oil giants including Shell funded the Dutch Godfather of climate deniers, Professor Frits Böttcher

EXTRACTS FROM AN ENGLISH TRANSLATION OF AN ARTICLE AUTHORED BY INVESTIGATIVE JOURNALISTS BAS VAN BEEK, ALEXANDER BEUNDER, JILLES MAST AND MEREL DE BUCK.

This article is part of the Shell Papers, a joint research project conducted by Platform Authentieke Journalistiek and Follow the Money, into the ties between the Dutch government and the oil giant. In April 2019, we filed a total of 17 FOIA requests, demanding copies of all Shell-related documents from nine ministries, three provinces and five municipalities. As of March 2020, the FOIA procedures are still ongoing. You can track their progress here: 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.

Malabu OPL 245 Scandal: Italian judge orders prosecution of Nigerian businessman

Malabu Scandal: Italian judge orders prosecution of Nigerian businessman

Halimah Yahaya

An Italian judge has ordered a controversial businessman, Aliyu Abubakar, to stand trial, for his role in the Malabu OPL 245 scandal.

Reuters reported Wednesday that the Milan prosecutors alleged that Mr Abubakar played a major role in one of the oil industry’s biggest scandal in years.

The controversial businessman, through his companies, received over half of the $1.1 billion paid by Shell and Eni for OPL 245. He also allegedly gave out more than $500 million in cash to powerful Nigerian government officials. 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.

A suitcase full of secrets about oil, sex and bribery by Shell

English translation of an article published by the Dutch news media giant nrc.nl 

A suitcase full of secrets about oil, sex and bribery by Shell

Shell in Nigeria A dubious game took place around Africa’s most coveted oil field. New, secret documents from a confiscated suitcase tell how Shell tried to avoid reputational damage.

Former oil minister Dan Etete (r) was the owner of the oil field, but also infected after a conviction for money laundering. Photo Gindl Barbara / AFP

What’s the news?

The Italian prosecutor suspects that the former chief executive of Shell in Nigeria has benefited from the controversial purchase by Shell of the mega-oil field OPL 245 off the Nigerian coast. This is Sunmonu Mutiu, who led the Nigerian division of the Anglo-Dutch oil company. 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.

Africa Energy Intelligence – OPL 245: the silent exodus of team in charge of the deal at Shell

Extracts from NIGERIA Africa Energy Intelligence article dated 07/01/2020

As an Italian court continues its probe into the award of Nigeria’s most promising offshore block, all those involved in the deal at Shell are no longer with the major.

These include the head of upstream at the time Malcolm Brinded, former general counsel Keith Ruddock and legal advisor for Africa Guus Klusener.

Shell’s political advisor and ex-MI6 John Copleston, who met with Etete on several occasions to discuss the OPL 245 deal in 2010, has left…

Another former MI6 agent, Guy Colegate, who had advised Shell during the OPL 245 talks from Nigeria, left to work for Heritage Oil in 2013… 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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