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Shell raises dividend as retail boost drives confidence

Shell raises dividend as retail boost drives confidence

Shell also plans to shed up to 9,000 jobs, or more than 10% of its workforce.

By : 29 October 2020

LONDON (Reuters) – Royal Dutch Shell on Thursday raised its dividend after easily beating quarterly profit forecasts and outlined plans to shrink its oil and gas operations as it presses forward with a transition to low-carbon energy.

The Anglo-Dutch company hit record earnings from its vast retail division, despite the impact on demand of the COVID-19 pandemic, which it said continued to generate “significant uncertainty”. 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.

Analysis: Will Nigeria yield in oil deal wrestling bout with Shell and Eni?

Analysis: Will Nigeria yield in oil deal wrestling bout with Shell and Eni?

By Lionel Faull: 27 October 2020

High profile courtroom dramas involving multiple sides often have the feel of a WWE Smackdown wrestling match: titanic egos clashing with each other, trying to batter their foes into submission. The fighters forge alliances, and the argy-bargy can sometimes spill out of the ring and break out elsewhere in the auditorium.

An epic international corruption trial that is now drawing to a close under the glamourous lights of Milan is a case in point. 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 accused of systematic genocide and catastrophic damage to the environment

By John Donovan

Displayed below is a letter dated 16 October 2020 addressed to the Chairman of Royal Dutch Shell Plc. 

The letter is from attorneys representing specified Nigerian OML17 Host Communities and specified local government areas of Rivers State.

It contains extremely serious allegations against Shell, including systematic genocide and catastrophic damage to the environment. 

As can be seen, reasonable demands are made. 

I am aware that Shell CEO Ben van Beurden and Shell’s legal boss Donny Ching have copies of the letter. 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.

US Firm Funding Nigeria Litigation Against Eni and Shell

US Firm Funding Nigeria Litigation Against Eni and Shell

Shell and Eni have been on trial in Milan since 2018.

by Bloomberg | William Clowes & Alberto Brambilla | Wednesday, October 14, 2020

(Bloomberg) — Eni SpA is seeking documents from a U.S. investment firm helping Nigeria sue it and Royal Dutch Shell Plc for more than $1 billion over an energy deal at the center of a criminal corruption trial.

Eni claims that “undisclosed interests” are driving the Nigerian government’s litigation strategy “at the expense of Eni’s contractual rights and the national interest of Nigeria.” The Italian oil company wants permission to subpoena information from the investment firm, Drumcliffe Partners LLC, to help its defense in the corruption trial in Milan, which Nigeria has joined as a civil party. 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: Eni seeks World Bank arbitration in Nigeria oilfield dispute

OPL 245, an offshore field awarded to the two oil companies in 2011, is the subject of multiple court cases worldwide, including a criminal case in Milan in which the Nigerian government alleges roughly $1.1 billion of payments from the companies was siphoned to politicians and middlemen.

Eni seeks World Bank arbitration in Nigeria oilfield dispute

MILAN/LAGOS (Reuters) – Eni ENI.MI has filed a request for arbitration against Nigeria at the World Bank’s dispute settlement body and plans to argue that the country’s failure to allow it to exploit an oilfield it acquired with Royal Dutch Shell RDSa.L nearly a decade ago breaches their investment agreement, court documents show.

OPL 245, an offshore field awarded to the two oil companies in 2011, is the subject of multiple court cases worldwide, including a criminal case in Milan in which the Nigerian government alleges roughly $1.1 billion of payments from the companies was siphoned to politicians and middlemen. Shell and Eni have denied any wrongdoing. 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 farmers take on Shell in landmark oil spill case

Nigerian farmers take on Shell in landmark oil spill case

AGENCE FRANCE-PRESSE

Anglo-Dutch oil giant Shell faces a case over 3 spills which occurred in the 2000s around the southeastern Nigerian villages of Goi, Oruma, and Ikot Ada Udo

Lawyers for 4 Nigerian farmers accused Anglo-Dutch oil giant Shell on Thursday, October 8, of causing widespread pollution in a landmark court case filed in the Netherlands.

The farmers first filed suit in 2008, demanding Shell clean up devastating oil spills in 3 villages in the Niger Delta, prevent further pollution, and pay compensation. 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 farmers take on Shell in landmark oil spill case

Nigerian farmers take on Shell in landmark oil spill case

Lawyers for four Nigerian farmers accused Anglo-Dutch oil giant Shell on Thursday of causing widespread pollution in a landmark court case filed in the Netherlands.

The farmers first filed suit in 2008, demanding Shell clean up devastating oil spills in three villages in the Niger Delta, prevent further pollution and pay compensation.

Two of the farmers have since died, as Shell spent years arguing that the case, backed by Dutch environment group Milieudefensie, should not be heard in the Netherlands. 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.

The Evidence: Classified files shed light on JP Morgan role in ‘corrupt’ oil deal payout

FINANCE UNCOVERED.ORG

The Evidence: Classified files shed light on JP Morgan role in ‘corrupt’ oil deal payout

by Margot Gibbs and Lionel Faull: October 1, 2020

Classified documents from Britain’s financial crime agency have revealed how it allowed JP Morgan to pay $875 million of suspicious funds to a Nigerian politician widely known as a convicted money launderer.

The documents, rarely seen Suspicious Activity Reports (SARs), were filed by the banking giant’s London branch as it raised concerns about huge payments it was being asked to make by the Nigerian government to Dan Etete, the country’s former petroleum minister. 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.

LARGEST CASE IN INDUSTRY’S HISTORY Nigeria Eni/Shell corruption case: Future of Eni’s CEO at stake

LARGEST CASE IN INDUSTRY’S HISTORY

Nigeria Eni/Shell corruption case: Future of Eni’s CEO at stake

By Christophe Le Bec
Posted on Thursday, 24 September 2020 18:22

The highly publicised corruption trial which alleges that oil majors Eni and Shell took part in an unlawful acquisition – that of the OPL 245 oil licence in Nigeria – entered its final phase on Monday, 21 September in Milan, with the defence presenting its case.

Key business and political figures were set to go before the Italian court in relation to a Nigerian business deal dating back to the early 2000s. The corruption case is one of the largest in the oil industry’s history. 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.

Exclusive: Shell launches major cost-cutting drive to prepare for energy transition

Exclusive: Shell launches major cost-cutting drive to prepare for energy transition

LONDON (Reuters) – Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters.

Shell’s new cost-cutting review, known internally as Project Reshape and expected to be completed this year, will affect its three main divisions and any savings will come on top of a $4 billion target set in the wake of the COVID-19 crisis. 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.

Nigeria: ENI Kicks As Govt Demands U.S.$1.1 Billion Advance From Shell, Italian Giant in OPL 245 Case

Nigeria: ENI Kicks As Govt Demands U.S.$1.1 Billion Advance From Shell, Italian Giant in OPL 245 Case

10 SEPTEMBER 2020: This Day (Lagos)

The Nigerian government yesterday asked a court in Milan, Italy, to order Royal Dutch Shell and Eni to pay the sum of $1.092 billion as an immediate advance payment for damages in the Malabu oil scandal, one of the oil industry’s biggest-ever corruption scandals.During the hearing of the corruption allegation linked to the acquisition of the Oil Prospecting Lease (OPL) 245 offshore field, lawyer to the federal government, asked for advance payment ahead of a more comprehensive damages package to be decided by the court at a later date. 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.

Nigeria asks for $1.1 bln advance from Eni, Shell for damages in graft case

Nigeria asks for $1.1 bln advance from Eni, Shell for damages in graft case

by Reuters: Wednesday, 9 September 2020 

MILAN, Sept 8 (Reuters) – Nigeria asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $1.092 billion as an immediate advance payment for damages in one of the oil industry’s biggest-ever corruption scandals.

At a hearing into alleged corruption around the 2011 acquisition by Eni and Shell of the OPL 245 offshore field, Lucio Lucia, lawyer for the Nigerian government, called for the advance payment ahead of a broader damages package to be set by the court at a later date. 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.

Malabu: Canadian court dismisses Etete’s appeal over seized jet

Malabu: Canadian court dismisses Etete’s appeal over seized jet

SEPT 5, 2020

A court of appeal in Canada has thrown out an appeal by a former Nigerian Minister of Petroleum, Dauzia Etete, to recover his private jet which the federal government got impounded in that country.

Justice Robert Mainville during a virtual court hearing declared that Etete could not have the Bombardier Global 6000 jet back because he failed to challenge the allegations levelled at him by the 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.

OPL 245: Canadian judge dismisses suit challenging Nigeria’s grounding of Etete’s jet

Malabu Oil Deal: Canadian judge dismisses suit challenging Nigeria’s grounding of Etete’s jet

A Canadian judge on Thursday dismissed an application seeking leave to appeal the judgement that confirmed the grounding of a luxury private jet purchased by a former Nigerian oil minister, Dan Etete, with some of the alleged proceeds of the controversial $1.3 billion Malabu OPL245 oil deal.

The suit was filed before the court by Tibit Limited, an anonymously owned company incorporated in the British Virgin Islands (BVI), claiming ownership of the jet. 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.

Ogoni and the Unforgettable History of State Brutality, By Fegalo Nsuke

Ogoni and the Unforgettable History of State Brutality, By Fegalo Nsuke

21 August 2020

The Ogoni is daily in the news with reports of extra judicial killings, persecution, police repression, military torture and all sorts of human rights abuses. The conflict rages as the Nigerian oil industry seeks to adopt unsavoury measures to forcefully resume oil production in the area without the people’s consent.

The Ogoni people have become very familiar with the insincerity of the Nigerian oil industry, forcing a growing cynicism that continually creates distrust and conflict each time the Ogoni issue is mentioned. 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.

Nigerians Can’t Sue Shell Units As Group Over Oil Spill

Nigerians Can’t Sue Shell Units As Group Over Oil Spill

Law360, London (August 17, 2020, 4:33 PM BST) — Tens of thousands of Nigerians suing Shell in London over an oil spill will have to pursue their claims as individuals after a judge ruled that their demands for the energy giant to clean up the pollution doomed their chances of proceeding as one group.

Each of the 27,000 Nigerian residents and hundreds of communities must show how the oil spill at the Bonga offshore field, pictured, hit their livelihoods.  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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