Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘April 11th, 2017’

Shell, Dow Hid Cancer-Causing Chemical in Pesticides, Contaminating Drinking Water for Millions

For decades, Shell and Dow hid a highly potent cancer-causing chemical in two widely used pesticides, contaminating drinking water for millions of people in California and beyond, according to lawsuits detailed in a new report from the Environmental Working Group (EWG).

The chemical 1,2,3-trichloropropane or TCP, was formerly an unwanted and ineffective byproduct in Dow’s Telone and Shell’s D-D pesticides. Internal documents uncovered in lawsuits filed by communities in California’s San Joaquin Valley show that the companies saved millions of dollars a year by not properly disposing of TCP, a chemical a Dow scientist once called “garbage,” as hazardous waste.

read more

Shell Corruption Probe: New Evidence on Oil Payments

Shell likely to cash in on Ireland’s Corrib

Shell likely to cash in on Ireland’s Corrib

By Silvia Favasuli11 April 2017

After battling for nearly a decade and a half to develop Ireland’s Corrib gas field, Shell may be about to offload its stake in the project just over a year after announcing first gas.

Although Shell has refused to confirm that it is looking to sell, The Sunday Times reported in December that Australian investment bank Macquarie had approached the Anglo-Dutch major about a potential deal.

Ireland’s Business Post followed up the story in early March, stating that “up to three” potential buyers were considering making unsolicited bids for Shell’s 45% stake in the Corrib project, which the two newspapers valued at more than £1 billion ($1.24 billion).

read more

Nigeria: Malabu Scandal – After Telling Lies for Years, Shell Admits It Knew Etete Would Benefit From $1.1 Billion

“This is a huge U-turn that reveals Shell’s duplicity,”

After repeated denials in various countries, Anglo-Dutch oil giant, Royal Dutch Shell, on Monday finally admitted it had foreknowledge that the $1.3 billion itself and ENI paid to Nigerian government for the OPL 245 oil block licence would ultimately be used to settle convicted former Minister of Petroleum, Dan Etete.

“Over time, it became clear to us that Etete was involved in Malabu and that the only way to resolve the impasse through a negotiated settlement was to engage with Etete and Malabu, whether we liked it or not,” The New York Times quoted Andy Norman, a spokesperson for Shell, as saying in an email Monday.

read more

Shell dealt with money-launderer to ‘resolve impasse’

Only 24 hours after claiming it had no knowledge of “improper payments” to a convicted money-launderer over a $1.3 billion (£1.1 billion) oil field acquisition in Nigeria, Shell has admitted it had known it was dealing with the controversial figure but doing so was “the only way to resolve [an] impasse”.

The oil scandal involves former Nigerian oil minister Dan Etete, whose company Malabu bought the nine-billion-barrel OPL 245 field off the coast of Nigeria for just $2 million while he was in his government post.

Shell and its Italian partner ENI then bought the field from the Nigerian government in 2011 for $1.3 billion, with more than $1 billion being passed onto a company controlled by Etete, according to Italian prosecutors.

Etete — who was convicted of money-laundering in an unrelated case — denies wrongdoing.

read more

Shell says it knew some payments for Nigeria oilfield would go to Malabu

By Libby George | LONDON: Royal Dutch Shell (RDSa.L) has said it knew that some of the payments it made to Nigeria for the rights to an oilfield would go to Malabu Oil and Gas, a company associated with a former Nigerian oil minister and convicted money launderer.

Shell spokesman Andy Norman said the group had known the Nigerian government “would compensate Malabu to settle its claim on the block”. Shell previously had said only that its payments from the 2011 deal went to the Nigerian government.

In an email to Reuters, Norman said that while Shell knew that former oil minister Dan Etete was “involved” with Malabu, it had not confirmed that he controlled the company.

Etete was convicted of money laundering in a separate case in France in 2007.

read more

Shell corruption probe: Top executives knew part of £1.3bn Nigerian oil deal would go to convicted money launderer

In a huge u-turn, the company has now admitted it knew Mr Etete was involved.

Top executives at Shell knew that money they paid as part of a $1.3bn deal for a huge Nigerian oil field would end up in the hands of a convicted money launderer who awarded the asset to his own company when he was oil minister of the country.

Emails seen by The Independent and reported by anti-corruption campaign groups Global Witness and Finance Uncovered, show senior bosses at the UK’s biggest company had been informed that hundreds of millions of dollars could flow through former oil minister Dan Etete to be paid in bribes to former President Goodluck Jonathan and other political figures.

read more

Shell admits dealing with money launderer

11 April 2017

Shell has admitted for the first time it dealt with a convicted money-launderer when negotiating access to a vast oil field in Nigeria. It comes after emails were published showing Shell negotiated with Dan Etete, who was later convicted of money laundering in a separate case. Shell and an Italian oil company paid $1.3bn (£1bn) to the Nigerian government for access to the field. Investigators claim $1.1bn was passed to a firm controlled by Mr Etete.

Shell and the Italian firm ENI agreed a deal with the Nigerian government for the rights to exploit OPL 245, a prime oil block off the coast of the Niger Delta.

read more

Malabu Scam: Shell Finally Admits Knowing It Was Paying Bribes To Etete

BY SAHARAREPORTERS, NEW YORK APR 10, 2017

Global oil giant, Shell, has been forced to admit that it knew it was paying bribes to Nigerian government officials during the transaction for OPL 245. Shell, which had consistently denied wrongdoing, on Monday, admitted that the transaction lacked fidelity.    

On Sunday, Global Witness and Finance Uncovered exposed freshly leaked emails showing that Shell knowingly participated in a massive bribery scheme for one of Africa’s most valuable oil blocks, which robbed Nigerians of $1.1billion.

read more

‘Shell was op de hoogte van doorsluizen geld naar Nigeriaanse witwasser’

Brent decommissioning opaque, environmentalists say

April 10 (UPI) — Royal Dutch Shell hasn’t provided enough information on plans to take down key North Sea infrastructure to address our concerns, environmental groups said.

Shell started a 60-day consultation period for its plans to decommission three of its Brent production platforms in the North Sea in early February. That consultation period concludes at the end of the business day Monday.

In preparation, a consortium of environmental groups said they opposed the decommissioning plans as submitted because of the lack of information. Lang Banks, the Scottish director of environmental group WWF, said that, by his read, the outline from Shell lacks “qualitative judgments and opinions” from experts, including some of the engineers at the Dutch supermajor.

read more

%d bloggers like this: