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Shell’s woes over NIgerian Oil

By John Donovan

The BBC recently published an article under the headline: Shell’s legal woes over Nigeria’s oil.

The article listed some of the growing numbers of lawsuits being brought against Shell in multiple legal jurisdictions, all arising from Shell’s deplorable conduct in Nigeria.

The damaging global news coverage reporting on the various court actions seems to have stung Shell’s CEO Ben van Beurden into threatening that Shell may pack its corporate bags and pull out of Nigeria. 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.

Court Issues Criminal Summons against Shell, 7 Others over Alleged Oil Theft

Court Issues Criminal Summons Against Shell, 7 Others over Alleged Oil Theft

By Alex Enumah: February 25, 2021

A judge of an Upper Area Court in Abuja, Gambo Garba, on Thursday issued a criminal summons against Shell Petroleum Development Company (SPDC) of Nigeria and seven of its top executives over alleged stealing of 16 million barrels of crude oil through the use of a fraudulent and unapproved metering system.

The executives summoned were Chibueze Uduanochie, Simon Ruddy, Bashir Bello, Osagie Okunbor, Igo Weli, Toyin Olagunji and Captain Callium Finlayson. 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.

Which Banks Are The Biggest Backers Of Oil And Gas?

Which Banks Are The Biggest Backers Of Oil And Gas?

About a month ago, BlackRock Inc.(NYSE:BLK), the world’s largest asset manager with $9 trillion in assets under management (AUM), sent shockwaves through the fossil fuel sector after it vowed to double down on climate activism by backing more shareholder resolutions on climate change and social issues in 2021.

Around the same time, the $226 billion New York State pension fund and the $5B Rockefeller Brothers Fund announced plans to divest the majority of their fossil fuel investments and also sell shares of other companies that have been actively contributing to global warming. 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.

Despite Its Pledges, Shell Funded Anti-Climate Lobbying Last Year

BUSINESS: 25/02/2021 10:45 GMT

Despite Its Pledges, Shell Funded Anti-Climate Lobbying Last Year

The oil giant belonged to one group that pushed for a rule designed to preempt banks’ policies against lending for Arctic drilling and coal mining.

Royal Dutch Shell vowed last September to reach net-zero carbon pollution in its business by 2050. The goal was vague but notable, and seemed to become more realistic when the corporation announced earlier this month that its crude oil production had peaked in 2019 and would likely never increase again. 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.

Court Fixes March 2 for Ruling on Two Applications against Shell, Four Others

Court Fixes March 2 for Ruling on Two Applications against Shell, Four Others

By Davidson Iriekpen: FEB 25, 2021

Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos yesterday fixed March 2 for ruling on whether to entertain the motion challenging the jurisdiction of the court or the contempt proceedings in a suit Aiteo Eastern E & P Company Limited filed against Shell Petroleum Development Company Limited and four others.

The judge fixed the date after listening to arguments from counsel in the suit. 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.

Show us the plan: Investors push companies to come clean on climate

Show us the plan: Investors push companies to come clean on climate

FILE PHOTO: Swedish climate change activist Greta Thunberg takes part in a climate strike protest during the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 24, 2020. REUTERS/Denis Balibouse/File Photo

LONDON/BOSTON (Reuters) – In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month, when companies are set to face the most investor resolutions tied to climate change in years. 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.

3 former Shell employees linked to $200 million gas oil heist charged with graft

3 former Shell employees linked to $200 million gas oil heist charged with graft

SINGAPORE – Three former Shell Eastern Petroleum employees linked to a $200 million gas oil heist have been charged with bribing employees of surveying companies who inspected vessels which the oil giant supplied fuel to.

Juandi Pungot, 44, Muzaffar Ali Khan Muhamad Akram, 40, and Richard Goh Chee Keong, 51, appeared before a district court on Tuesday (Feb 23) to have their charges read out to them.

All three had previously been charged with criminal breach of trust over their alleged involvement in a conspiracy that led to more than 300,000 tonnes of gas oil worth about US$150 million (S$200 million) being stolen from Shell’s biggest global refinery. 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 moves to recover frozen bank accounts

Shell moves to recover frozen bank accounts

By Femi Adekoya 22 February 2021   |   3:58 am

Shell Petroleum Development Company (SPDC) has said it is working to secure expeditious discharge of court order freezing its accounts, which was obtained by AITEO Eastern (E&P) Company Limited.

AITEO had sought an ex-parte order from a Federal High Court in Ikoyi, Lagos for an injunction directing 20 commercial banks to block accounts of SPDC and affiliates of the Royal Dutch Shell company operating in Nigeria in a bid to recover cash value of more than 16 million barrels of crude allegedly diverted by the oil giant. 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’s Nigerian accounts frozen in oil deal dispute

Shell’s Nigerian accounts frozen in oil deal dispute

Feb. 19, 2021 9:59 AM ET Royal Dutch Shell plc (RDS.A) By Carl SurranSA News Editor: 12 Comments

  • A Nigerian court has restricted Royal Dutch Shell’s (RDS.ARDS.B) access to its bank accounts in the country amid a legal dispute over a pipeline deal six years ago.
  • A local oil producer is demanding billions of dollars in damages, claiming Shell misrepresented the condition of the pipeline and undercounted the volume of crude one of its facilities received from the Nigerian company, Bloomberg reports, citing court documents.
  • The allegations involve its $2.4B purchase in 2015 of a 45% interest in an oil block and pipeline from three multinational companies, including Shell.
  • The dispute is just one among several related to Shell’s activities in Nigeria; YTD, a Dutch court has ruled Shell is liable for oil spills in two villages 13 years ago, and the U.K. Supreme Court allowed 40K fishermen and farmers to sue Shell in England.
  • 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.

    Nigerian court freezes Shell accounts ahead of Aiteo lawsuit

    Nigerian court freezes Shell accounts ahead of Aiteo lawsuit

    The lawsuit is latest in a string of legal headaches for the biggest international oil company operating in Nigeria, Africa’s biggest oil exporter.

    By Libby George: FEBRUARY 19, 2021 

    LAGOS (Reuters) – A federal court in Lagos has issued an injunction barring Royal Dutch Shell’s Nigerian subsidiaries from withdrawing money at 20 local banks until it ringfences potential damages in a lawsuit brought against the oil major by Aiteo Eastern E&P.

    Aiteo is seeking about $4 billion in total over alleged problems with the Nembe Creek Trunk Line (NCTL) pipeline it bought from the Anglo-Dutch group in 2015 and over claims Shell undercounted its oil exports. 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.

    Landmark court ruling could ‘end impunity’ for Shell and other multinationals

    Landmark court ruling could ‘end impunity’ for Shell and other multinationals

    A major court defeat for oil and gas giant Shell could herald the end of “a long chapter of impunity” for multinationals implicated in human rights abuses overseas, lawyers and campaigners have said.

    The UK Supreme Court ruled on Friday that the Ogale and Bille communities in the Niger Delta can bring legal claims for clean-up and compensation against Royal Dutch Shell plc (RDS) and its Nigerian subsidiary, the Shell Petroleum Development Company of Nigeria (SPDC). 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 says new ‘Brazil-sized’ forest would be needed to meet 1.5C climate goal

    Shell says new ‘Brazil-sized’ forest would be needed to meet 1.5C climate goal

    Shell’s new ‘Sky 1.5’ scenario has scaled up nature-based solutions, but the oil-and-gas major’s pathway is nearly identical to the Paris Agreement’s ‘well-below 2C’ goal, an analysis by Carbon Brief revealed.

    By Josh Gabbatiss, Carbon Brief: Feb. 17, 2021

    For the first time, Shell has released a “pathway” showing how the world could potentially meet the Paris Agreement’s ambitious goal of limiting global warming to 1.5C. 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.

    Brazilian residents sue Braskem in Dutch court over salt mines

    The case is the latest attempt by local communities to seek compensation from large commodities companies in European courts after the UK Supreme Court on Friday allowed Nigerian residents to sue Royal Dutch Shell (RDS) in England over years of oil spills. “This is, sadly, yet another case of a giant corporation that is more than happy to exploit the natural riches of an area but has had little consideration for those who live in it…

    Brazilian residents sue Braskem in Dutch court over salt mines 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’s Strategy Is Satisfactory

    Shell’s Strategy Is Satisfactory

    The Global Investor: Feb. 14, 2021

    Summary

    • This article takes a close look at Shell’s Strategy Day 2021, which focused on a net-zero emissions target and the businesses that Shell plans to operate.
    • Ultimately, Shell isn’t changing its strategy too much, sticking to its core oil and gas businesses.
    • By focusing on oil and gas and value over volume, Shell is a safer bet than BP which is betting big on a risky corporate restructuring.

    The purpose of this article is to analyze Shell’s recent and very important Strategy Day. Shell had promised to give a lot of detail on an organizational restructuring at this event and it had the potential to radically change Shell’s direction. This means the Strategy Day presentations had a possibility to change my bullish thesis on the company. In that article I also gave some of my expectations of what I expected to see in Shell’s Strategy Day, and here I review the key takeaways of the Strategy Day and what they mean for my bullish thesis. 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.

    Editorial: Big oil confronts climate change – not a minute too soon

    Editorial: Big oil confronts climate change – not a minute too soon

    On Thursday, one of the world’s largest oil companies — Royal Dutch Shell — confirmed it will never again produce as much oil as it did in 2019. Peak oil production at Shell, said CEO Ben van Beurden, has come and gone.

    The week before, ExxonMobil had made a similarly telling announcement: It is spending billions on a subsidiary formed to advance technologies to reduce the company’s carbon emissions and develop new products to help its customers do the same. 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 Files Arbitration Against Nigeria Over Spill Dispute

    Shell Files Arbitration Against Nigeria Over Spill Dispute

    William Clowes: Feb 13 2021, 7:57 PM Feb 13 2021, 10:38 PM

    (Bloomberg) — Royal Dutch Shell Plc launched arbitration proceedings against the Nigerian government over a long-running community dispute.

    The oil major’s Netherlands-registered holding company and a Nigerian unit filed a case at the World Bank’s International Centre for Settlement of Investment Disputes on Feb. 10, according to the Washington-based organization’s website. Shell brought its claim against Africa’s biggest crude producer under the bilateral investment treaty between the governments of the Netherlands and Nigeria, it 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.
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