Posts Tagged ‘OPL 245’

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.

• Ben Chapman
• Friday 21 September 2018

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

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

Extract from the ebook “John Donovan, Shell’s Nightmare” (now available on Amazon websites globally)

(BACKGROUND INFORMATION ABOUT SHELL’S EPIC 25 YEAR FEUD WITH JOHN DONOVAN – which puts the extracts below in overall context.)

The extract below should be read in the context of the fact that we were besieged by undercover activity during the run-up to the SMART High Court Trial – the climax of our litigation alleging that Shell had stolen Intellectual Property from our company Don Marketing. Shell brought a Counterclaim amid a barrage of aggressive threats and sinister activity directed against us. Shell did not disclose its close connection with a private spy firm Hakluyt & Company populated by former senior MI6 officers (such as Ian Forbes McCredie and other retired or freelance spooks). As Shell CEO Ben van Beurden mentioned in an illuminating wire-tapped telephone conversation with then CFO Simon Henry, Shell hired such MI6 people including Guy Colegate and John Copleston to negotiate with Dan Etete in the corrupt OPL 245 Nigerian oil deal. Both “people” are now defendants in a criminal action brought in Italy.

Extracts below from pages 108

IAN FORBES MCCREDIE CMG OBE

A former senior British Secret Intelligence Service (SIS) officer, Ian Forbes McCredie was, until December 2010, Vice President of Corporate Security for Royal Dutch Shell aka Shell Corporate Affairs Security (CAS).

Mr. McCredie is closely associated with Hakluyt. When I sent an email to him at Shell, I received a response from his Hakluyt email address.

His spook duties at Shell were listed in his CV published online (as of October 2015). See center box.

A retired senior FBI official, Richard T. Garcia, was Global Security Manager for Shell Americas. read more

Royal Dutch Shell and Eni are about to go on trial over an alleged bribery scheme to secure a valuable oil field

Dutch investigators, too, are on Shell’s back. They raided its offices in The Hague in 2016 and tapped the phone of Ben van Beurden, Shell’s current chief executive. A sizeable team of Dutch investigators is still working on the case…

…informed Eni that America’s FBI, which was following the OPL 245 money trail, had contacted him about testifying…

Both firms would face fines not only in Europe but possibly also in America, whose crime-busters could use the deferred-prosecution agreements from 2010 to brand Shell and Eni repeat offenders, calculating their fines accordingly.

Mar 3rd 2018

RESOURCE-RICH Nigeria has long ignited interest from oil firms, but it can be a dangerously combustible environment when it comes to the risk of corruption. Two firms caught up in scandals are Royal Dutch Shell and Eni, Italy’s state-backed energy group. In 2010 both entered into deferred-prosecution agreements with America’s Department of Justice after being implicated in separate Nigerian bribery schemes. But those pale beside a case involving the two companies that is set to go to trial in Milan on March 5th. read more

Extract taken from FT article relating to OPL 245 Shell/ENI/Malabu Oil Deal/Dan Etete/Malcolm Brinded billion dollar scandal: 

Eni reports record oil and gas production

Andrew Ward, Energy Editor: 16 FEB 2018

Eni’s strong performance has been clouded by allegations of bribery related to a $1.3bn deal in 2011 to acquire one of Nigeria’s largest untapped oilfields. Mr Descalzi and several other current and former executives are due to stand trial for alleged corruption in Milan in March. Mr Descalzi has denied wrongdoing and Eni’s board has maintained its “full confidence” in him. read more

Russian President Putin and his Prime Minister Dmitry Medvedev 

By John Donovan

An Italian national daily business newspaper has today published an article revealing that it has a copy of a Shell internal document said to allegedly implicate Russian Prime Minster Dmitry Medvedev in large-scale oil deal corruption. Said to be his personal retirement plan. 

The document was hidden within thousands of documents and emails the Milan Public Prosecutor obtained following the seizure (from Shell’s Netherlands HQ?) of paper and electronic documentation relating to Shell’s involvement in the OPL 245 scandal. read more

The Brazilian Petrobras Scandal: The Brazilian oil giant Petrobras is the largest company in the Southern Hemisphere. On November 14, 2014, a series of police raids netted politicians and Petrobras bigwigs who had paid $2 billion in bribes… Now we have news that Petrobras is linking up with Royal Dutch Shell, which is currently mired in a billion dollar scandal: OPL 245…

Shell and Petrobras sign technical cooperation agreement to strengthen deep water partnership

Posting on Shell Blog by Bogus Group

Shell MoU with Petrobras and their partnership to share experience on cost efficiency and use of technology.

Déjà vu springs to mind (Daily Telegraph 01 March 2012) on BG Group finance of $1.8bn from Brazilian Development Bank to fund interests offshore Brazil (was this the same interests that Chapman demanded his cohorts in Brazil disclose over estimated reserves?).

Daily Telegraph 14 May 2013 also noted Chris Finlayson rhetoric to “keep up the pace with huge discoveries” and focusing on “value over volume”, leaving the company “lean and agile”. read more

By John Donovan

Former Royal Dutch Shell boss Malcolm Brinded has been replaced as a director of BBHP Billiton. His departure is a direct result of his key role in the OPL 245 corruption scandal and the consequential criminal prosecution underway in the Italian Courts. Brinded was involved in a string of scandals at Shell but thus far, has managed to escape retribution. 

A shake-up at the board of mining company BHP Billiton has been announced this morning. But it is the departures that are more interesting. The firm says that, “given his involvement in ongoing legal proceedings in Italy relating to his prior employment with Shell”, Malcolm Brinded has decided not to stand for re-election as a non-exec. FULL ARTICLE (RELATED: OPL 245: Shell email intercepts) read more

The revocation of Malabu’s licence on July 2, 2001, triggered a string of litigations on OPL 245. The shoddy handling of the aftermath by the Obasanjo administration accounted for the recurring disputes on the oil block.

At a point in 2006, the Obasanjo administration restored the OPL 245 to Malabu Oil and Gas. In an executive summary, a former Attorney-General of the Federation and Minister of Justice, Mr. Mohammed Bello Adoke, said: “Exxon-Mobil and Shell were then invited in April 2002 to bid for the same OPL 245 as contractors on a Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) despite the existence of subsisting contractual agreements between Malabu and SNUD with respect to OPL 245. read more