Nigeria has begun renegotiating oil contracts with Royal Dutch Shell that could lead to major energy companies generating billions of dollars less in revenues from lucrative offshore blocks in Africa’s largest producer.
New terms will affect Shell’s final investment decision on developing the new $10bn Bonga Southwest deepwater project…
Last year, Nigeria’s Supreme Court ruled in favour of a group of oil-producing states that had sued the federal government for not collecting enough of the proceeds from the country’s oil wealth, which the lawsuit estimated at about $20bn.read more
THE HAGUE (Reuters) – A group of environmental activists tried to disrupt Royal Dutch Shell’s annual shareholder meeting on Tuesday, calling for this year’s gathering to be the company’s last.
Around 20 activists from Dutch environmental action group Code Rood (Code Red) dressed in red jumpsuits held up banners with the slogan “shut down fossil power” and jeered at passing shareholders as they stood outside the energy giant’s meeting in the seaside town of Scheveningen near The Hague.read more
At first glance, the CEO of Royal Dutch Shell might seem an unlikely candidate to rank high on a list of this nature. After all, not only has the energy sector long been regarded by the general public as one without much of a moral compass, but the business Van Beurden leads isn’t counted among the world’s most reputable. None of this is news to him, and since rising to the helm in 2014, he’s made rewriting the narrative a priority, and a public one at that. “Doing the right thing is the single biggest driver of reputation,” Hahn-Griffiths says. “His leadership style—lead from the front, not the back—says not only is he a highly ethical CEO, but he has empathy and the desire to make the world a better place to live.”read more
Anglo Dutch Oil and gas giant Shell has admitted paying no tax on profits earned in the Netherlands in an interview with current affairs magazine Elsevier.
In the interview, Shell Nederland president Marjan van Loon and Alan McLean, the multinational’s executive vice-president taxation, say that even though Shell Nederland makes a profit – €1.3bn in 2017 – the company is loss making, ‘as a natural consequence of the Dutch tax system’.
In the Netherlands Shell, McLean told the magazine, ‘pays fair tax in line with both the letter and the spirit of the law.’read more
Do you have more information on James Wood’s untimely death?
A friend From Magdalene College, Cambridge.
The question presumably stems from the following paragraph in the article:
Shell has also been sued in more recent years in the USA and the Netherlands by James G. Wood of Preda Consultants (Deep Water Slender Wells) for “alleged misappropriation of the plaintiffs alleged oilfield-technology trade secrets“. As far as I am aware, the litigation ended in 2016 after the untimely death of Mr. Wood, a man of the highest integrity and reputation.read more
The Anglo-Dutch and Italian companies paid $1.3bn for the block, but Nigeria believes the undeveloped deepwater block could be worth at least $3.5bn and damages should now be calculated on that basis, documents filed in the commercial division of the High Court in London said.
The claim in the English courts alleges that Shell and Eni “both paid bribes” either directly or indirectly and senior executives at both companies “received bribes (or were intended to receive bribes)” as part of the 2011 deal. read more
In another payment recounted in the lawsuit, Peter Robinson, then Shell’s regional vice president, ended up with “several hundred million Swiss frances”… Shell last year accused Robinson of taking kickbacks, but said he purposely tried to hide it from the company. The Nigerian government says none of the transactions could have happened without the support or willful “blind eye” of Shell CEO Peter Voser, former CFO Simon Henry, and current head of integrated gas Wetselaar, among others. Its oil and gas exploration director at the time Malcolm Brinded was “closely involved,” the government claims. Brinded is also on trial in Milan.
*Companies also denied wrongdoing in 2011 criminal bribery case
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the West African country’s government said in a London lawsuit that it believes a handful of executives, including CEOs, were tied to more than $1 billion in bribery payments.
In court documents filed in early April, the Nigerian government said the oil companies’ senior managers agreed in 2011 to make a large payment for an offshore oil block, understanding the money would trickle down to government officials and senior executives from both companies. The filing singles out individuals who haven’t previously been caught up in the scandal, including former Shell Chief Executive Officer Peter Voser and Maarten Wetselaar, the current head of its large natural gas business.read more
Saw your pic with Esther Kiobel on the website. Brought back some old memories.
I cannot find any stuff on this but did you know that a certain *Xxxx Xxxxxxxxxx was working in Port Harcourt when his wife was murdered in the Shell camp in their own bungalow?
Forgot the date, must have been in the early 90s.read more
Shell has struck a £60m deal to sell its leisure club in southwest London to the Livingstone brothers.
The FTSE 100 oil giant has exchanged contracts with the billionaires’ London & Regional Properties to sell the Lensbury, which opened in 1920 as a grace-and-favour staff club.
The Lensbury has a spa, pool, gym and tennis courts on 25 acres by the Thames at Teddington. It opened to the public in the 1990s.
A source close to Shell said it was selling the club because it is “not a specialist hotel and leisure operator”.read more
Nigeria could seek as much as $3.5 billion in damages from Royal Dutch Shell and Eni over an allegedly corrupt deal for one of Africa’s biggest untapped oilfields.
The Federal Republic of Nigeria has filed a claim in the High Court in London against the two oil companies over the deal in which they acquired the OPL 245 oil licence for $1.3 billion. It alleges that the deal was corrupt and resulted in Nigeria receiving “no or negligible value” for rights to the “extremely valuable” offshore licence, which it estimates was in fact worth “at least $3.5 billion”.read more
Esther Kiobel and John Donovan, 28 April 2019, days before a Dutch court ruled in favour of Esther and her co-plaintiffs in an action against Shell allowing their case to proceed
By John Donovan
In 1996, Shell used the sinister specialist services of what could be described as an in-house spying resource set up by former MI6 officers, Hakluyt & Company Limited with titled Shell directors acting as the ultimate spymasters.
At that time, Sir William Purves was Chairman of Hakluyt & Company Limited and Sir Peter Holmes, a former Chairman of Shell, was President of the Hakluyt Foundation. Both were also major shareholders in the corporate spy outfit, while also being Shell directors.
Hakluyt was allegedly set up to carry out “deniable” corporate espionage operations.
A German-born secret service agent Manfred Schlickenrieder working undercover for Hakluyt was sent to Nigeria on a mission relating to allegations of environmental damage caused by Shell’s oil drilling in Ogoniland.
Extracts from a related front-page article published by The Sunday Times in 2001 under the headline MI6 ‘Firm’ Spied on Green Groups:
Schlickenrieder sometimes posed as a left-wing sympathizer and documentary filmmaker.
He also tried to dupe Anita Roddick’s Body Shop group to pass on information about its opposition to Shell drilling for oil in a Nigerian tribal land.
His company was a one-man band with a video camera making rarely seen documentaries.
He made a film on Shell in Nigeria called Business as Usual: the Arrogance of Power, during which he interviewed friends of Ken Saro-Wiwa, the Nobel prize nominee, who was hanged by the military regime in 1995 after leading a campaign against oil exploration. Schlickenrieder sent a letter to a Body Shop executive saying he had been researching the activities of Shell in Nigeria…
Fouad Hamdan, communications director of Greenpeace Germany, said: “The bastard was good, I have to admit. “He got information about our planned Atlantic Frontier campaign…” He added: “Manfred filmed and interviewed all the time…”
The Sunday Times article is short on dates and information about what Shell’s undercover agent was up to in Nigeria, but it was at a time when litigation was being contemplated against Shell by relatives of Ken Saro Wiwi and Ogoni Nine widows.
Perhaps information about the purpose and timing of his spying mission in Nigeria will be contained in the confidential Shell internal documents the Dutch Court has ordered to be handed over to Esther Kiobel and her co-plaintiffs. Sight of his briefing by Shell/Hakluyt could be very revealing.
Part of the Kiobel & Co Dutch case against Shell relates to alleged Shell bribing of witnesses in the Ogoni Nine trial, which ended with the hanging of all nine individuals, including Ken Saro-Wiwi and the beloved husband of Esther Kiobel, Dr Barinem Kiobel.
The executions provoked international condemnation and led to the increasing treatment of Nigeria as a pariah state…
At least two witnesses who testified that Saro-Wiwa was involved in the murders of the Ogoni elders later recanted, stating that they had been bribed with money and offers of jobs with Shell to give false testimony – in the presence of Shell’s lawyer.
Shell’s close association with former MI6 people has continued through the years. They always seem to be lurking in the shadows.
I am in possession of irrefutable evidence that an ex MI6 man Ian Forbes McCredie, hired by Shell to be head of Shell Global Security, was also part of Hakluyt & Company.
More recently, Ben van Beurden, the current Chief Executive of Royal Dutch Shell Plc mentioned in a telephone conversation that Shell had hired former MI6 people in connection with the OPL 245 oil deal. He did not know that the conversation was being covertly recorded by OPL 245 investigative authorities.
Two of the defendants in the current OPL 245 criminal $1.3bn corruption trial against Shell in Italy are indeed former MI6 agents; namely John Copleston and Guy Colegate.
Would someone kindly explain how any of this sinister and unscrupulous activity is compatible with Shell’s claimed core business principles, including honesty, integrity and transparency?
ARTICLE ENDS
Disclosure by the author of this article: The lead claimantEsther Kiobel, her lawyerChanna Samkalden of the Dutch human rights law firm Prakken d’Oliveira representing the widows, and the acclaimed human rights organisation Amnesty International, have all acknowledged the involvement of John Donovan in bringing *this case. (*See Writ of Summons in English and Dutch served on Shell 28 June 2017 – copy obtained from US Pacer public electronic court records) As Esther generously said on 28 April 2019, the Dutch case would not have happened without the help of John Donovan. read more
According to Wikipedia“The Movement for the Survival of the Ogoni People, also known as (MOSOP), is a mass‐based social movement organization of the indigenous Ogoni people.” Legborsi Saro Pyagbara is named as being the President of Mosop in November 2014. read more
A mysterious British executive has been identified as the recipient of millions of pounds from a $1.3 billion Nigerian oil deal at the centre of one of the industry’s biggest corruption scandals.
Peter Bosworth and the trading firm he ran, Arcadia Petroleum, have been named in multiple court documents as among the ultimate recipients of funds from the allegedly corrupt 2011 deal in which Royal Dutch Shell and Eni, the Italian company, acquired a prized offshore oil block, The Times and the investigative website Finance Uncovered can reveal.read more
Barinem was hanged in November 1995. He had spoken out against the enormous pollution of Ogoniland, an area in southeastern Nigeria where Shell won oil. Eight others were hanged with him, including writer Ken Saro Wiwa. They were called the Ogoni 9.
Printed below is an English translation of an article published today by the Dutch FT, Financieele Dagblad.
Nigerian Esther Kiobel (center) and Victoria Bera (right) with their lawyer Channa Samkalden for the verdict at the court in The Hague. Photo: Bart Hoogveld for the FD
Esther Kiobel is a combative grandmother. And happy, too. In fact, she feels “great” in the wide and high corridor on the second floor of the palace of justice in The Hague.
She has just heard that the Dutch court is handling her case. The trial that she and three other ladies, all widowed, filed against Shell. It is an intermediate step in her search for justice that has been going on for more than two decades and takes place on three continents.read more
Esther Kiobel, right, and Victoria Bera, centre, whose husbands were among nine men killed in Nigeria in 1995, with their lawyer Channa Samkalden after the hearing in The Hague. Photograph: Robin van Lonkhuijsen/EPA
Wed 1 May 2019 13.33 BST
A Dutch court has ruled that it has jurisdiction to determine whether Royal Dutch Shell was complicit in the Nigerian government’s execution of the Ogoni Nine, environmental protesters who fought against widespread pollution in the Niger Delta.
In a 50-page ruling hailed by campaigners as an “important precedent” for global human rights cases, judges at The Hague’s district court said on Wednesday that they would allow the case to go forward, also indicating that the claimants – widows of four of the activists – would be able to bring further evidence to prove their case.read more
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
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".
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 …
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.
Vicky Valet:
MAY 22 2019
The untimely death of Mr James G. Wood, tenacious litigant against Shell
Margot Gibbs, 
Nigerian Esther Kiobel (center) and Victoria Bera (right) with their lawyer Channa Samkalden for the verdict at the court in The Hague. Photo: Bart Hoogveld for the FD
Esther Kiobel, right, and Victoria Bera, centre, whose husbands were among nine men killed in Nigeria in 1995, with their lawyer Channa Samkalden after the hearing in The Hague. Photograph: Robin van Lonkhuijsen/EPA
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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.