Russian President Vladimir Putin met the head of the Royal Dutch Shell, Ben Van Buerden, this week to discuss liquefied natural gas (LNG) projects, the Kremlin’s press service said.

As reported by bne IntelliNews, earlier this year Shell pulled out of the Baltic LNG project with Russian natural gas giant Gazprom.

“Shell is one of the largest foreign investors in [the] Russian economy, with over $15bn [in] investment. The company [has been] working in Russia since 1892, when it first sold gasoline in [the] Russian empire. We have a lot to talk about,” Putin’s press secretary Dmitri Peskov told Interfax. “To be serious, we have many projects related to LNG,” he added. read more

In the corruption case, Eni and Shell are accused of buying Nigeria’s OPL 245 offshore oilfield in the knowledge that the vast majority of the $1.3 billion purchase price would be siphoned off to agents and middlemen in corrupt payments.

Emilio Parodi: JULY 4, 2019

MILAN, July 4 (Reuters) – Italian prosecutors are widening an investigation into suspected obstruction of justice by officials of oil group Eni, sources said, threatening to open a new legal front for the company as it defends itself in a major corruption trial.

The inquiry is preliminary and has been overshadowed by the ongoing trial, which centres on the 2011 purchase of a Nigerian oilfield by Eni and oil major Shell, but it is gathering momentum, said three sources familiar with the probe. read more

Italian prosecutors accuse former and current executives of the two energy giants of paying bribes to secure the licence. In March 2019, Dutch prosecutors said they were preparing criminal charges against Shell over OPL 245.

BY SAHARAREPORTERS, NEW YORK: JUL 18, 2019

According to Reuters, one of the oil industry’s biggest corruption trials revolves around a Nigerian offshore licence known as OPL 245, which Royal Dutch Shell and Italy’s Eni bought in 2011.

Italian prosecutors accuse former and current executives of the two energy giants of paying bribes to secure the licence.

Shell and Eni, and their executives have denied the accusations and any wrongdoing.

Below are a list of legal actions that have arisen from the award of OPL 245: read more

Although Shell and ENI initially claimed they did not know the money would end up with Mr Etete and his cronies, evidence has shown that claim to be false.

Oladeinde Olawoyin: July 18, 2019

A major witness in the long-running Malabu oil scandal on Wednesday told an Italian court that Eni officials knew that the controversial payment made in the deal would go to Malabu oil company, controlled by Nigeria’s former oil minister, Dan Etete.

Vincenzo Armanna, former Eni manager and defendant in the corruption trial, said in his testimony that it was clear to everyone involved in the deal that Mr Etete would get over $1 billion, adding that there was no doubt the money was going to Malabu. read more

Oil major Shell (RDSa.L), which jointly bought the offshore field with Eni, is also on trial for corruption over the deal.

Emilio Parodi: 17 July 2019

MILAN (Reuters) – Officials from Eni (ENI.MI) sought to convince a witness, a former Eni manager, to withdraw some statements he made during investigations into a Nigerian corruption case involving the Italian oil group, a court heard on Wednesday.

Prosecutor Fabio De Pasquale made the comment in a trial hearing into the case, during a legal debate over a request by Eni lawyers to adjourn proceedings to give more time to consider evidence in a related obstruction-of-justice investigation. read more

An Italian prosecutor told a local court on Wednesday the court was made aware that managers at Italy’s oil major Eni tried to tamper with a witness in an ongoing investigation into alleged corruption in an oil block award in Nigeria.

“We have become aware that Eni, through its managers, would have tried to influence and would have approached the defendant (Vincenzo) Armanna to convince him to withdraw some of his statements,” Reuters quoted prosecutor Fabio De Pasquale as telling the court today. read more

In May 2018, the main trial in Milan started, in which Eni Chief Executive Claudio Descalzi, former Shell exploration chief Malcolm Brinded and 11 other defendants, as well as the two companies, were accused by Italian prosecutors of paying bribes to secure the licence. All the accused denied wrongdoing.

FACTBOX-Legal cases sparked by Nigerian oilfield licence award

LONDON, July 17 (Reuters) – One of the oil industry’s biggest corruption trials revolves around a Nigerian offshore licence known as OPL 245, which Royal Dutch Shell and Italy’s Eni bought in 2011.

Italian prosecutors accuse former and current executives of the two energy giants of paying bribes to secure the licence.

Shell and Eni, and their executives, have denied the accusations and any wrongdoing.

Below are a list of legal actions that have arisen from the award of OPL 245:

* Some key issues related to the OPL 245 case came to light in two separate civil suits  filed shortly after the 2011 deal by a Nigerian, Emeka Obi, and a former Russian diplomat, Ednan Agaev, who said they were owed millions of dollars by a Nigerian company, Malabu Oil and Gas, for arranging meetings with Shell and Eni in relation to the licence, court filings show. Obi was awarded at least $100 million for his work as a “dealmaker”, the court records show. Agaev reached an out-of-court settlement. read more

Ben van Beurden suggested Shell could work with Australia to press for credits for low-carbon LNG exports.

Angela Macdonald-Smith: Senior Resources Writer: Jul 16, 2019 — 7.00pm

Shell’s global chief executive Ben van Beurden has declared a global carbon price of about $US250 a tonne and “tens of thousands” of carbon capture and storage plants would be needed for the world to keep within the 2 degree warming goal.

Nature-based carbon offsets “to the tune of the Amazon” and a “massive” electrification of energy supply would also be needed he said in Sydney, ahead of a meeting with Prime Minister Scott Morrison where energy and climate policy – and the troubled east coast gas market – were set to be discussed. read more

Royal Dutch Shell confirmed that there was no impact to operations at the Prelude floating LNG facility as a result of the earthquake. The company had earlier declined to comment.

JULY 15, 2019 

MELBOURNE, July 15 (Reuters) – Oil and gas operations onshore and offshore Western Australia were unaffected by a magnitude 6.6 earthquake that struck off the northern coast of the state on Sunday, the country’s offshore petroleum safety regulator and companies said.

“NOPSEMA has not received any reports of impacts to offshore oil and gas facilities following the earthquake,” a spokesman for the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) said. read more

Oil giant Royal Dutch Shell PLC aims to become the world’s largest electricity company without necessarily generating very much power. Shell’s power strategy will be light on assets and focus on trading electricity generated by others. Shell Chief Executive Ben van Beurden said at the company’s management day last month. “Of course we will be involved in generating electricity […] but we have a preference for being asset-light and balance our supply by providing electricity from other producers.” Oil and gas will remain Shell’s core business, the company says, but it is aiming to be the world’s largest electric power company by the early 2030s. read more

By Irina Slav – Jul 11, 2019, 3:00 PM CDT

Shell has furthered its stated commitment to cleaner electricity by investing in a U.S startup that has developed a blockchain-based platform for energy sharing.

The startup, LOW3 Energy, said in a press release earlier this week that Shell Ventures and Japanese Sumitomo had made “major investments” in its platform, which “represents a landmark moment for LO3 Energy as we begin to scale our blockchain-based energy networks around the world,” according to chief executive Lawrence Orsini. read more

Shell was charging the Plaintiffs prices that were over 260% higher than that of other petroleum suppliers for the same exact products with identical specifications…

The next paragraph only is from an article by Law360. The rest is from information in the featured legal documents filed days ago.

Law360 (July 10, 2019, 6:18 PM EDT) — Two companies that own and operate Jiffy Lube motor oil change service centers in Illinois are suing Shell Oil Products US over what they called an “oppressive and arbitrary pricing scheme”…

The Plaintiffs allege that Shell Oil Products US (“SOPUS”) would continuously, unilaterally, and without reason, increase the price it was charging Plaintiffs for SOPUS Products. read more

11 Jul 2019 04:42PM (Updated: 11 Jul 2019 04:50PM)

SINGAPORE: The chief officer of a tanker involved in receiving US$2.6 million (S$3.5 million) worth of gas oil stolen from Shell’s Pulau Bukom refinery was on Thursday (Jul 11) sentenced to jail for two-and-a-half years.

Vietnamese national Dang Van Hanh, 38, is the first person to plead guilty in the “unprecedented” case of misappropriation, which involved two syndicates of Shell employees.

Dang had helped to receive about 5,600 metric tons of stolen gas oil on four occasions between Jul 31, 2016 and Jan 7, 2018. read more

Van Beurden told the New York Times in 2016 about how he had once come home to find one of his children crying inconsolably. He thought at first that it was because he was going out with his wife that evening, but he soon learned that she was upset because she had been learning about climate change at school.

By Joe Sandler Clarke: 19 June 2019

Ben van Beurden, the CEO of Shell, wants you to do your bit to solve climate change.

In early June, he told an audience of corporate bosses in London that we should eat fruit in season and recycle more.

“I have three daughters, they are all quite fashion conscious,” he explained. “I like to point out to them, having something new for every season four times a year is creating quite a significant ecological footprint, have you realised that? Because they are all about climate change.” read more

LONDON, July 9 (Reuters) – London-based asset manager Sarasin & Partners has sold nearly 20% of its holdings in Royal Dutch Shell, saying the oil and gas company’s spending plans are out of synch with international targets to battle climate change.

The 33.8 million pounds ($42.1 million) sale represents a fraction of Shell’s $261 billion market value.

But it is a rebuke of Shell’s strategy less than a year after the Anglo-Dutch company, together with a large group of investors including Sarasin known as Climate Action 100+, agreed on a landmark resolution outlining Shell’s ambition to reduce carbon emissions. read more

by Allister Thomas: 09/07/2019, 2:20 pm

Shell CEO Ben van Beurden has been unveiled as part of a global commission to help global progress on energy efficiency.

The International Energy Agency (IEA) has unveiled the group, comprising of business executives, thought leaders and government ministers.

The IEA said energy efficiency will play a “central role” in reaching climate goals, potentially accounting for more than 40% of the necessary emissions cuts globally.

It could meanwhile save the world more than half a trillion US dollars in lower energy bills through 2040. read more