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November 7th, 2013:

BP and Shell face new allegations of rigging oil prices in US lawsuit

Companies among five accused by oil traders of repeatedly trying to rig spot price for Brent crude

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Screen Shot 2013-05-17 at 01.06.41BP and Shell have been forced on the defensive by new allegations of price-rigging made in a US lawsuit brought by four oil traders.

The two companies, along with others involved with the oil market, are alleged to have attempted to rig the spot price for Brent crude oil on multiple occasions in the last decade. The court documents list several alleged incidents in which the accusers claim the market price could have been manipulated.

BP and Shell both said they had no comment on the allegations. read more

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Oil rigging: Traders accuse BP and Shell of fixing prices

“By providing false or inaccurate information and engaging in false or sham trading, defendants undermined the entire pricing structure for the Brent Crude Oil physical and futures markets,” the plaintiffs allege.

RT NEWS

Published time: November 06, 2013

A new law suit claims some of the world’s largest oil companies – including BP, Royal Dutch Shell, manipulated Brent Crude spot prices in collaboration with Morgan Stanley, Vitol Group, and other energy traders.

The plaintiffs accuse the companies of deliberately submitting false and misleading information about Brent prices to Platts, the energy and oil market news outlet, which is used by traders worldwide in daily transactions, Bloomberg reports.

“By providing false or inaccurate information and engaging in false or sham trading, defendants undermined the entire pricing structure for the Brent Crude Oil physical and futures markets,” the plaintiffs allege. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Amnesty Rejects Shell’s Nigeria Oil-Spill Explanations as Untrue

Royal Dutch Shell Plc assertions that its Nigerian oil spills are caused by theft and sabotage are often untrue, according to Amnesty International, which said investigations into the incidents have been manipulated. Shell’s assessment of official probes into the spills has been “subjective, misleading and downright false,”…

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By Elisha Bala-Gbogbo November 06, 2013

Royal Dutch Shell Plc (RDSA)’s assertions that its Nigerian oil spills are caused by theft and sabotage are often untrue, according to Amnesty International, which said investigations into the incidents have been manipulated.

Shell’s assessment of official probes into the spills has been “subjective, misleading and downright false,” the human-rights group said today in a report. The analysis was carried out by U.S. consultants AccuFacts at the request of Amnesty and the Centre for Environment, Human Rights and Development. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell launches formal bid to resume Arctic drilling

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Posted on November 6, 2013 at 5:59 pm by Jennifer A. Dlouhy

WASHINGTON _ Shell Oil Co. on Wednesday filed a broad drilling blueprint with federal regulators in Alaska, officially launching its bid to resume drilling in Arctic waters north of the state next summer.

The company is at least temporarily scaling back its ambitions, with a 2014 exploration plan that focuses solely on its potentially more lucrative leases in the Chukchi Sea. It also has acreage in the neighboring Beaufort Sea.

The plan filed with the Bureau of Ocean Energy Management envisions that Shell would use the contracted drillship Noble Discoverer to bore several wells in the Chukchi Sea coming years. Shell and the bureau confirmed that the company filed a revised Chukchi Sea exploration plan with the agency’s Alaska office. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell awards $2.4bn contracts to local companies

NATIONAL MIRROR

by on

Shell Companies in Nigeria, SCiN has awarded contracts worth $2.4 billion to indigenous contractors in order to boost local content in the nation.

The firm stated, “In addition to helping the country unlock its energy resources, one of the best ways we have delivered on that commitment is to increase the participation of Nigerian companies and individuals in our supply chain and operations – to ensure that as many Nigerians as possible benefit from our operations. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell May Drill $200 Million Well Off South Africa Next Year

Screen Shot 2013-02-01 at 15.08.50 By Paul Burkhardt – Nov 6, 2013 8:31 AM GMT

Royal Dutch Shell Plc (RDSA), Europe’s largest oil producer, may drill off South Africa’s northwest coast next year after studying geological data from the area.

The company based in The Hague, acquired 8,000 square kilometers (3,088 square miles) of 3-D seismic data of the Orange Basin, Shell South Africa General Manager Jan Willem Eggink said in an interview in Johannesburg yesterday. The information is being processed and should be ready by December, he said.

Shell has started an environmental impact study “so that if we will go ahead to drill a well we will be ready,” he said. The timing of a prospect well would be due to rig availability and the weather window, Eggink said. The cost of each well would be $150 million to $200 million because of the deep water. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Work restarts on ¤68m tunnel to convey gas following site fatality

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By Tom Shiel: 5 November 2013

After a break of almost two months, work restarted yesterday on the ¤68 million tunnel to bring natural gas inland to the Corrib gas refinery at Bellanaboy in north Mayo.

The giant tunnel boring machine Fionnuala had been idle since September 8th when a German worker, Lars Wagner (26), a mechanical fitter, was killed on the site.

All operations were suspended on the 4.9km (three mile) tunnel as safety checks were carried out. Gardaí and the Health and Safety Authority launched separate investigations. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.