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Reuters: ENI CEO says he may step down if found guilty in Nigeria case-WSJ

MILAN, Jan 25 (Reuters) – Italian oil group ENI’s Chief Executive Claudio Descalzi could step down if he is found guilty by an Italian court of corruption in Nigeria, he told the Wall Street Journal.

Descalzi is one of the defendants in a case over the alleged payment of bribes to facilitate a $1.3 billion oil deal for Nigeria’s OPL 245 offshore oilfield in 2011.

In a long interview published on the Wall Street Journal website on Saturday, Descalzi denied taking part in any illegal activity and said his work at ENI, where he rose through the ranks over the course of 39 years, was not done.

However, Descalzi told the WSJ that he would likely step down if found guilty in the Nigeria case rather than wait for the outcome of lengthy appeals. 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.

REUTERS:Nigeria charges ex-attorney general in court over $1.3 billion oil deal

JANUARY 23, 2020

ABUJA (Reuters) – Nigeria’s financial crime watchdog charged former attorney general Mohammed Adoke in court on Thursday for allegedly receiving bribes to facilitate a $1.3 billion oil deal, the agency said in a statement.

It is the latest development in one of the oil industry’s biggest corruption scandals, over the 2011 sale of the offshore oilfield known as OPL 245 by Malabu Oil and Gas.

A resulting investigation has entangled two of the sectors biggest players, Shell and Eni, as well as an array of powerful figures from the previous Nigerian government. 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.

Reuters: Italy tax police search offices of Eni managers in obstruction probe: sources

JANUARY 23, 2020 / 10:12 PM

MILAN (Reuters) – Italian tax police searched the Milan offices of three managers at Eni (ENI.MI) on Thursday to widen an investigation into suspected obstruction of justice by officials at the Italian oil group, two sources said.

The inquiry is still in an early phase and has been overshadowed by an ongoing corruption trial centering on the 2011 purchase of a Nigerian oilfield by Eni and oil major Royal Dutch Shell Plc (RDSa.L).

Milan prosecutors opened the obstruction case in 2018 to investigate whether in 2015 and 2016 Eni officials had sought to discredit two independent board members who later became witnesses in the Nigeria case. 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.

Reuters Exclusive: Royal Dutch Shell seeking buyer for Anacortes, Washington refinery – sources

Jessica Resnick-Ault, Laura Sanicola: January 9, 2020

NEW YORK (Reuters) – Royal Dutch Shell Plc (RDSa.L) is looking to sell its oil refinery in Anacortes, Washington, according to three people familiar with the matter.

If completed, this and other asset sales currently underway would reduce Shell’s North American refining operations to large plants on the U.S. Gulf Coast, said the people, speaking on condition of anonymity as the talks are private.

Oil and gas major Shell has publicly committed to selling more than $5 billion (3.8 billion pounds) of assets per year in 2019 and 2020. The Netherlands-based company is trying to use its global scale to build a power business as the world moves toward cleaner energy. 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.

REUTERS: Barclays pressured by shareholders to cut fossil fuel financing

The move comes just days after outgoing Bank of England governor Mark Carney said the financial services industry had been too slow to cut investment in fossil fuels.

Reporting by Lawrence White and Simon Jessop: JAN 8, 2020

LONDON (Reuters) – A group of Barclays (BARC.L) shareholders coordinated by responsible investment lobby group ShareAction want the bank to phase out financing fossil fuels, stepping up pressure on one of Europe’s biggest funders of the sector.

Eleven institutional investors have filed a resolution to be voted on at Barclays’ annual meeting in May, requiring the bank to set out plans to stop providing all financial services to firms not aligned with the Paris climate agreement. 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.

Nord Stream 2 Confrontation

English translation of two Nord Stream 2 articles published today by the Dutch FD.

Berlin convinced: sanctions cannot stop the construction of the last 160 km of Nord Stream 2

By Pieter Lalkens and Jeroen Groot: 24 Dec 2019

The Solitaire was one of the ships of the Dutch-Swiss offshore company Allseas who worked on the Nord Stream 2. Gas pipeline. Photo: Reuters

In brief

  • Allseas has stopped the construction of Nord Stream 2 under pressure from the American sanctions.
  • But the gas pipeline is simply being phased out, German politicians expect.
  • The latter does entail delays and higher costs.

Although the Dutch-Swiss offshore group Allseas has stopped the construction of Nord Stream 2 under pressure from US sanctions legislation, the gas pipeline from Russia to Germany will be phased out in the view of German politics. The sanctions will only lead to a few months delay and higher costs.

“I assume that the Nord Stream 2 gas pipeline will be delivered in the second half of 2020,” said Peter Beyer, member of the Foreign Affairs Committee of the German parliament, in a conversation with radio station Deutschlandfunk on Monday. 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.

Reuters: Nord Stream 2 to Press on With Europe Gas Pipe, Despite U.S. Sanctions

Nord Stream 2 contractor, Swiss-Dutch company Allseas, announced on Friday it had suspended pipe-laying activities. Nord Stream 2, which aims to double the Nord Stream route’s existing capacity of 55 billion cubic meters (bcm) of gas a year, is owned by Gazprom, which is financing half of the project worth about 9.5 billion euros ($10.5 billion). Other partners in Nord Stream 2 are Austria’s OMV, the German firms Uniper and Wintershall, Anglo-Dutch energy major Royal Dutch Shell…

By Reuters: Dec. 21, 2019

MOSCOW — The group behind Nord Stream 2 said on Saturday it aimed to complete a pipeline to boost Russian gas supplies to Europe as soon as possible, after U.S. sanctions prompted a major contractor to suspend pipe-laying activities.

U.S. President Donald Trump signed a bill on Friday that included legislation imposing sanctions on firms laying pipe for Nord Stream 2, which seeks to double gas capacity along the northern Nord Stream pipeline route to Germany.

Washington, which has been seeking to sell more of its own liquefied natural gas (LNG) to European states, has said Nord Stream 2 will make Europe too reliant on Russian supplies. 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.

Reuters: Shell writes down up to $2.3 billion on weaker economic outlook

Ron Bousso, Pushkala Aripaka: DECEMBER 20, 2019 (Reuters) – Royal Dutch Shell (RDSa.L) said on Friday it expected to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic outlook.

In a trading update ahead of full year results, Shell also lowered its oil products sales forecast, pointing to the first annual slowdown in sales since at least 2014, while maintaining spending on the lower end of forecasts.

The Anglo-Dutch company warned in October that trade tensions between the United States and China, the world’s two largest energy consumers, could hurt demand and take a toll on its performance.

Shell said it expected to take post-tax impairment charges in a range between $1.7 billion and $2.3 billion for the quarter “based on the macro outlook”. It did not say which assets the impairments relate to. 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.

Reuters: Shell sees up to $2.3 billion in fourth-quarter charges, trims oil production sales estimate

(Reuters) – Royal Dutch Shell <RDSa.L> said on Friday it expects impairment charges of up to $2.3 billion in the fourth quarter and trimmed its forecast for quarterly oil production sales, as the Anglo-Dutch oil company faces slowing demand for oil and gas.

The company warned in October that trade tensions between the United States and China, the world’s two largest energy consumers, could hurt demand and take a toll on its performance.

Shell said it expects oil production sales of 6.5 million barrels of oil equivalent per day (boepd) to 7 million boepd for the fourth quarter, compared with its earlier estimate of 6.65 million boepd to 7.05 million boepd. 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: Nigeria’s ex-attorney general held by financial crimes agency over $1.3 billion oil deal

by Reuters: Thursday, 19 December 2019 22:35 GMTABUJA, Dec 19 (Reuters) – Nigeria’s former attorney general was detained by the country’s financial crimes agency upon his return home on Thursday, the commission said in a statement, as part of an investigation into one of the oil industry’s biggest suspected corruption scandals.

Mohammed Adoke was arrested by Interpol in November after travelling to Dubai for a medical appointment. He voluntarily flew back to the West African country on Thursday, his lawyer said.

The Economic and Financial Crimes Commission (EFCC) investigation relates to the $1.3 billion sale of a Nigerian offshore oilfield known as OPL 245 by Malabu Oil and Gas in 2011.

Eni SpA and Royal Dutch Shell Plc jointly acquired the field from Malabu, which was owned by former petroleum 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.

Reuters: Shell, BP, Exxon, Chevron face new round of shareholder climate resolutions

Ron Bousso: DECEMBER 15, 2009

* Follow This calls on companies to align with Paris agreement

* Resolutions filed with Shell, BP, Equinor, Exxon, Chevron

* Oil majors’ carbon emissions: tmsnrt.rs/2l6A9v0

USE browser to enlarge above Reuters Graphics

By Ron Bousso

LONDON, Dec 15 (Reuters) – An activist group is increasing the pressure on five big U.S. and European oil companies with shareholder resolutions urging them to meet the Paris climate goals and cut carbon emissions.

Dutch group Follow This is targeting U.S. giants ExxonMobil , Chevron and their European rivals Royal Dutch Shell, BP and Equinor with climate resolutions ahead of next year’s annual general meetings (AGMs) scheduled for the first half of 2020. 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.

Reuters: Shell shuts unit at Pernis oil refinery after crude spill

: DEC 9, 2019

LONDON, Dec 9 (Reuters) – Royal Dutch Shell RDSa.L said on Monday it had shut a unit at its Pernis oil refinery in the Netherlands after a crude spill a day earlier.

Shell did not specify the unit concerned, but industry monitor Genscape said the 200,000 barrel per day (bpd) crude unit (CD6) was shut on Monday morning.

Genscape said one of the furnace stacks of the cogeneration unit was also shut on Monday morning.

Shell did not immediately respond to a Reuters request for comment.

The refinery is Europe’s largest and has a capacity to process 404,000 bpd of crude. 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.

REUTERS: Shell Norco, Louisiana, refinery upset triggers flaring; no units shut -sources

9 December 2019

HOUSTON, Dec 9 (Reuters) – A malfunction in the gasoline-producing unit at Royal Dutch Shell Plc’s 225,300-barrel-per-day (bpd) Norco, Louisiana, refinery triggered flaring at the refinery on Monday, said sources familiar with plant operations.

The 112,000-bpd residual catalytic cracking unit (RCCU) remained in operation following the malfunction, the sources said.

(Reporting by Erwin Seba; editing by Jonathan Oatis)

SOURCE

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.

REUTERS: Shell to Continue Search in Renewables After Losing Eneco Tender

Shell to Continue Search in Renewables After Losing Eneco Tender

By 

Nov. 25, 2019, 6:01 a.m. ET

LONDON — Royal Dutch Shell said on Monday it was disappointed to lose a tender for Dutch renewable energy business Eneco which went to a group led by Japan’s Mitsubishi Corp for 4.1 billion euros ($4.52 billion).

The Anglo-Dutch oil and gas company said in a statement it “will continue to look for opportunities in the energy transition” and aims to invest $2 to $3 billion per year from 2021 onwards.

(Reporting by Ron Bousso; editing by Jason Neely) 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.

REUTERS: Nigeria’s ex-attorney general arrested in Dubai over $1.3 bln oil deal

In an Italian case, prosecutors accuse former and current executives of Eni and Shell of paying bribes to secure the licence, and allege roughly $1.1 billion of the total was siphoned to agents and middlemen.

UPDATE 1 – Nigeria’s ex-attorney general arrested in Dubai over $1.3 bln oil deal

Chijioke Ohuocha: NOVEMBER 20, 2019

ABUJA, Nov 20 (Reuters) – Nigeria’s former attorney general Mohammed Adoke has been arrested in Dubai, his lawyer said, seven months after Nigeria’s anti-graft agency issued a warrant for his arrest as part of an investigation into one of the oil industry’s biggest suspected corruption scandals.

Adoke’s lawyer, Mike Ozekhome, said Adoke was arrested by Interpol on Monday 11 Nov., after travelling to Dubai for a medical appointment.

The investigation by Nigeria’s anti-graft agency relates to the $1.3 billion sale of a Nigerian offshore oilfield known as OPL 245 by Malabu Oil and Gas in 2011. 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.

Reuters: Russia’s competition watchdog delays Gazprom Neft, Shell deal by three months

NOVEMBER 14, 2019 / 2:30 PM

MOSCOW (Reuters) – Russia’s competition watchdog said on Thursday it had decided to delay by three months Shell’s (RDSa.L) purchase of 9.3 billion roubles ($145.73 million) worth of shares in a subsidiary of Russian oil producer Gazprom Neft (SIBN.MM).

Shell is expected to buy a 50% stake in Meretoyakhaneftegaz, a Gazprom Neft subsidiary which holds licensing rights to the Meretoyakhinskoye oil field.

Reporting by Darya Korsunskaya and Gabrielle Tétrault-Farber; Writing by Polina Ivanova; Editing by Jan Harvey 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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