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Posts under ‘The Independent’

Two middlemen convicted of corruption over Shell and Eni Nigerian oil field deal

Nigerian Emeka Obi and Italian Gianluca Di Nardo sentenced to four years in prison as judge orders seizure of more than $120m: …this judgment will send shivers down the corporate spines of the oil industry — and will surely alarm Shell and Eni employees and shareholders who have been repeatedly told that there was nothing amiss with the OPL 245 deal.

Italian prosecutors allege that hundreds of millions of dollars from the 2011 sale of a field was distributed as bribes ( Reuters )

Two middlemen have each been sentenced to four years in prison for corruption offences in the first ruling of a huge bribery trial involving oil giants Shell and Eni. A judge also ordered the seizure of more than $120m from the pair.

Nigerian Emeka Obi and Italian Gianluca Di Nardo were convicted of international corruption by a Milan court for their role in a $1.1bn deal for rights to one of Nigeria’s most promising oil blocks. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell and Eni face one of the biggest corruption cases in corporate history over $1.3bn Nigerian oil field

Time running out for prosecutors to obtain potentially crucial documents seized in Geneva apartment raid

Ben Chapman: @b_c_chapman

Giant oil companies, offshore accounts, ex-MI6 agents, champagne lunches, a former Nigerian president and allegations of one of the biggest bribes ever paid – the corruption case against Shell and Italy’s Eni filed by prosecutors in Milan over a shady $1.3bn deal for a vast African oil field has could have been lifted from the pages of an espionage thriller.

The latest developments thicken the plot further with a cache of documents seized in a raid on a Swiss financier’s apartment that could be crucial to the case, leaving prosecutors in a race against time to get them to Milan as trial hearings get underway this week.

The Geneva raid uncovered a briefcase belonging to Emeka Obi, a middleman who received millions of dollars from the deal and is in the dock along with several senior Shell and Eni executives.

Inside the briefcase, Swiss prosecutors found a laptop, two Nigerian passports, five sim cards and a hard drive containing 41,000 documents that prosecutors believe could be crucial to the trial playing out on the other side of the Alps. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Royal Dutch Shell News 4 Sept 2018

‘A museum dedicated to science education should not be helping promote any company that is actively exacerbating this planetary emergency until they show a serious proactive drive to switch to renewables’

Tens of thousands of people have urged the Manchester Museum of Science and Industry to drop Shell as a sponsor from an upcoming event. The announcement that the museum’s new exhibition, “Electricity: the spark of life”, would be supported by the oil giant sparked controversy among local groups. FULL ARTICLE

Shell plans opening 1,200 retail stations in India in 10 years

BENGALURU: Shell Companies in India Chairman Nitin Prasad said Monday the company plans to open 1,200 retail stations across India in the next ten years. Terming it as one of the “most largest expansions” ever planned by Shell, he said “each one of those stations can easily accommodate about 100 workers. Simply put, one lakh jobs will get created…” These retail stations, in turn, will trigger several other jobs in terms of infrastructureNSE -2.22 % building to supply those stations with fuel and retail products, he said. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell and Eni in court over alleged corruption in $1.1bn Nigerian oil deal

Royal Dutch Shell, Italian oil giant Eni and a number of senior executives at the two firms face trial in Milan on Monday over corruption charges relating to a $1.1bn (£800m) deal for a Nigerian oil block.

The Milan public prosecutor alleges that $520m from a 2011 deal to buy rights to a vast oil block off Nigeria’s coast was converted into cash and intended to be paid to the then Nigerian resident Goodluck Jonathan, members of the government and other Nigerian government officials.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Trump tax reforms will help boost oil business, says Shell

The group said it will provide details of the impact of the new US tax changes in its full-year results in February read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Greg Hands used a meeting with a Brazilian minister to pass on oil companies’ concerns: Rex Features

Brazilian government later gave major drilling licenses to the two companies

Liam Fox’s Department for International Trade successfully lobbied the Brazilian government over environmental regulations on behalf of three major oil companies, an official document has revealed. Greg Hands, the international trade minister, reportedly made representations on behalf of BP, Shell and Premier Oil during a trip to Brazil in March. Details revealed in the cable were apparently released by mistake. Following a freedom of information request, the DIT sent Greenpeace the full cable, with sensitive passages highlighted instead of redacted. It later released a second version with the same passages blacked out. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

BP and Shell planning for catastrophic 5°C global warming despite publicly backing Paris Climate Agreement

Oil giants Shell and BP are planning for global temperatures to rise as much as 5°C by the middle of the century. The level is more than double the upper limit committed to by most countries in the world under the Paris Climate Agreement, which both companies publicly support. The discrepancy demonstrates that the companies are keeping shareholders in the dark about the risks posed to their businesses by climate change, according to two new reports published by investment campaign group Share Action. Many climate scientists say that a temperature rise of 5°C would be catastrophic for the planet. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

San Francisco sues Big Oil for billions over climate change claiming they knew the dangers for decades

The US cities of San Francisco and Oakland are suing five of the world’s largest oil companies for the coasts of walls and other defences against rising sea levels, saying the industry made vast profits from fossil fuels while knowing they were causing “an existential threat to humankind”.

Drawing a direct comparison to the tobacco industry’s sale of cigarettes despite knowledge of the health risks, the city attorneys announced they had filed separate lawsuits against BP, Royal Dutch Shell, Exxon Mobil, Chevron and ConocoPhillips. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Litigation News Stories June 2017

Supreme Court rules Shell acted in contempt over Corrib land access: The Irish Times: 14 June 2017

The Supreme Court has found Shell E & P Ireland was acting in civil contempt of court orders when, nine years ago, it entered on to commonage lands at Rossport located on the modified route for the Corrib gas onshore pipeline.

Company fined €300,000 over death of worker at Corrib gas tunnel: the journal.ie: 14 June 2017

A GERMAN CIVIL engineering company has been fined €300,000 over the death of a contractor in 2013. Wayss and Freitag Ingenieurbau AG contractor Lars Wagner, who worked for Herrenknecht AG, was killed on 8 September 2013 at the Mayo project.

Polluted-Water Case Against BP and Shell Revived: Courthouse News Service: 13 June 2017

MANHATTAN (CN) — No longer protected by its deals with California prosecutors, BP and Shell must face another lawsuit alleging that its underground storage tanks continue to pollute Orange County’s groundwater with a toxic gasoline additive. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell News Saturday 25 March 2017

EXTRACT: A whistleblower has accused oil giant Shell of concealing data on the health effects of two major oil spills on communities in Nigeria. In a letter seen by the Independent, Kay Holtzmann, a former employee at the company, said data gathered in the Bodo community which was devastated by two huge oil spills in 2008 and 2009, showed levels of pollution were “astonishingly high”. He also accused the company of refusing to make the findings public. Mr Holtzmann was the former director in charge of Shell’s project to clean up oil spills… read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Despite cuts, oil giants look to expand production

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Ben Chapman: 6 Sept 2016

Never mind the drop in crude prices, huge spending cuts and thousands of job losses, the world’s top oil and gas companies are set to produce more than ever for some time.

While top oil companies struggle with slumping revenues following a price rout after years of spectacular growth, their production has grown as projects sanctioned earlier in the decade come on line. Overall production at the world’s seven biggest oil and gas companies is set to rise by around 9 per cent between 2015 and 2018, according to analysts’ estimates. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell to cut 10,000 jobs as profits plunge by 80 per cent

Screen Shot 2016-02-05 at 11.00.27Tom Bawden Environment Editor: 5 FEB 2016

Shell yesterday confirmed plans to cut 10,000 jobs now that its takeover of rival BG Group is set to go through, and raised the prospect of further redundancies, as it reported an  80 per cent slump in profits to a 13-year low.

Two days after BP announced its biggest-ever annual loss, Shell revealed that its profits had fallen to $3.8bn (£2.6bn) last year, from $19bn in 2014. The industry has been rocked by a sustained slump in the oil price, from $115 a barrel in the summer of 2014 to $35.41 yesterday.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell attacked for its part in ‘extraordinary’ £2.3bn Nigerian tax break

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Mark Leftly: 20 JAN 2016

Royal Dutch Shell has come under fire for being part of a consortium that accepted an “extraordinary” $3.3bn (£2.3bn) tax break in Nigeria – twice the poverty-stricken country’s annual health budget.  

In a new report ActionAid estimated the consortium, which also includes France’s Total and Italy’s Eni, received this benefit between 2004 and 2012 on top of Nigeria’s standard five-year tax holiday to encourage investment. The charity says the cost of the tax breaks could have been better spent on improving health and education systems at the same pace that oil revenue pours in. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Oil price falls below $28 a barrel, or less than the cost of an actual barrel

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Hazel Sheffield: 18 JAN 2016

Not everyone agreed with the RAC when it said that petrol could become cheaper than bottled water.

RAC wagered that if the price of oil slid below $20 barrel, it could push petrol prices to 90p a litre – while a fall to $10 a barrel or less could see petrol sold at 86p a litre, or cheaper than a bottle of water.

But only if you are a water snob, according to the Hydration Council, who emailed us to say that the average price of a litre bottle of water, purchased in a multi-pack, is 38p. Take that, Perrier drinkers.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell and VW top list of NGOs ‘most hated’ brands in the UK

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Zlata Rodionova: 18 JAN 2016

Volkswagen has made a list of non-governmental organisations’ “most hated” brands in the UK for the first time, following a turbulent year for the company dealing with fallout from the emissions scandal.

VW came in at fourth place in the survey that named Shell as the most hated brand.

VW is now the seventh least popular brand in the world, according to the survey of more than 7,500 NGOs by Sigwatch, a consultancy.

Robert Blood, founder and managing of Sigwatch, told the Independent that the Volkswagen scandal allowed NGOs to draw attention to the bigger problem of green emissions. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Oil price surge makes Shell swoop for BG more palatable

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Jamie Nimmo: 5 Jan 2016

The oil price surge made Shell’s swoop for smaller rival BG slightly more palatable for investors, despite concerns the deal could be called off. The regulatory hurdles have all been cleared, but shareholders must now give  their views on the cash and shares deal, currently worth £37bn – £10bn less than when it was struck in April last year.

That was when the oil price was near $60 a barrel. It now stands at $38 a barrel, even after a 2 per cent jump yesterday.

Shell and BG’s backers vote on 27 and 28 January respectively, but the former could be forced by its own shareholders to renegotiate. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan
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