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Corruption

Court rejects Nigeria’s compensation request against Eni, Shell

REUTERS

Court rejects Nigeria’s compensation request against Eni, Shell

By  and : November 11, 2022

MILAN, Nov 11 (Reuters) – An appeals court in Milan on Friday rejected Nigeria’s $1.092 billion compensation request against Italian energy group Eni SpA (ENI.MI) and Shell Plc (SHEL.L) in civil proceedings relating to a $1.3 billion oilfield deal.

The decision was read out in court.

In July prosecutors had dropped related criminal proceedings, clearing Eni and Shell, as well as managers including Eni Chief Executive Claudio Descalzi, in one of the oil industry’s biggest alleged corruption cases. read more

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Malabu Oil Scandal

Malabu Oil Scandal

October 18, 2022

The Organisation for Economic Co-Operation and Development (OECD) has strongly condemned Italy for recent judgments that now place Italy at odds with the OECD’s Anti-Bribery Convention.

An Italian court sitting in Milan had a few months ago acquitted energy companies, Eni and Royal Dutch Shell along with a series of past and present managers, including Eni Chief Executive, Claudio Descalzi in one of the oil industry’s biggest corruption scandals.

The trial judge held that the companies and defendants had been discharged as there was no case to answer.

Italian prosecutors had alleged corruption in the deal while campaigners said the Federal Government of Nigeria was short-changed in the deal. They said $1.1 billion of the purchase price was siphoned off to politicians and middlemen, including the then Minister of Petroleum, Dan Etete.

They also called for Eni and Shell to be fined and for a number of past and present managers from both companies, including Descalzi, to be jailed.

The defendants all denied any wrongdoing. They said the purchase price for OPL 245 was paid into a Nigerian government account and subsequent transfers were beyond their control. read more

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Malabu Oil Scam: Groups hail appeals against acquittal of Shell, Eni

Premium Times

Malabu Oil Scam: Groups hail appeals against acquittal of Shell, Eni

By Kunle Sanni: August 18, 2021

Three anti-corruption groups have applauded the appeals lodged by Milan prosecutors against the acquittal of Shell, Eni and 13 other defendants accused of corruption in the acquisition of Nigeria’s OPL 245 offshore oilfield.

Human and Environmental Development Agenda, (HEDA), Re: Common, and Corner House described the development as a welcome development in their joint statement on Tuesday.

The statement was signed by Lanre Suraj of HEDA, Nicholas Hildyard of The Corner House, and Antonio Tricarico of Re: Common. read more

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Shell’s Niger Delta cleanup: Ogoniland’s uncertain future

DW.COM

Shell’s Niger Delta cleanup: Ogoniland’s uncertain future

A Dutch court in January ruled that Shell had polluted the Niger Delta and ordered the energy giant to pay compensation. But many are now questioning whether it is enough to put right the misery suffered by the people.

The conflict between the indigenous people of Ogoni in Nigeria’s Niger Delta is a perennial one.

This year’s court ruling by an appeals court in the Netherlands — in favour of Milieudefensie/Friends of the Earth Netherlands and four Nigerian farmers — was heralded by some of them as justice. read more

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OPL 245: Groups Urge Nigeria’s Public Prosecutor To Appeal Judgement Favouring Shell, APC

OPL 245: Groups Urge Nigeria’s Public Prosecutor To Appeal Judgement Favouring Shell, APC

In a statement on Wednesday, spokesperson for the campaign groups noted that the judges have set a terrible precedent for the global fight against corruption involving fossil fuel companies.

BY SAHARAREPORTERS, NEW YORK JUN 10, 2021

Human Rights Groups, Global Witness, Human and Environmental Development Agenda, have urged the Nigerian public prosecutor to appeal the judgement of the Milan Tribunal which acquitted Eni, Shell and others for international corruption related to the acquisition of the OPL 245 oil field in Nigeria. read more

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Oil Giants Get 20-Year License Extension from Nigeria

allAfrica.com

Oil Giants Get 20-Year License Extension from Nigeria

The Nigerian National Petroleum Corporation has signed a contract with its partners on oil mining lease (OML) 118 to expand the Bonga oilfield and unlock a U.S.$10 billion investment in the country’s deepwater resources. The OML license for the block partners Shell, Total, Exxon Mobil and Eni were renewed for another 20 years, and five agreements including settlements on a tax dispute and production sharing contracts were finalized. The deal signals the end of “long-standing disputes over the interpretation of the fiscal terms of the production-sharing contracts” between the investors in the field. read more

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OPL 245 Saga: Anti-corruption groups applaud President’s stance

THE SUN

OPL 245 Saga: Anti-corruption groups applaud President’s stance

27 MAY 2021

By Henry Uche

Human & Environmental Development Agenda, HEDA, Re: Common, Corner House and Global Witness have applauded President Buhari’s insistence that the oil field could not be developed until corruption cases had concluded.

HEDA’s Chairman, Olarenwaju Suraj in a statement revealed that the license for Nigeria’s offshore OPL 245 oil block has expired, as Eni confirmed in response to questions at their 2021 annual general meeting. The expiry of the license returns control of the oil field to the Nigerian Government. read more

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JPMorgan ordered to disclose US documents in Nigeria oil case

JPMorgan ordered to disclose US documents in Nigeria oil case

Ruling comes ahead of trial in which bank is accused of enabling $875m in misappropriated payments

Nigeria has succeeded in an effort to force JPMorgan Chase to disclose more documents ahead of a trial in which the US bank stands accused of enabling the misappropriation of almost $900m in state funds. The UK High Court on Tuesday granted the African nation’s application to secure records from top US executives and compliance officers involved in signing off $875m in payments between 2011 and 2013 relating to the controversial OPL 245 oil licence deal. read more

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Malabu Scandal: UK group declares support for Nigerian anti-corruption activist

Malabu Scandal: UK group declares support for Nigerian anti-corruption activist

By Premium Times: April 28, 2021: 10 min read A UK anti-corruption group, Global Witness, has declared support for a Nigerian activist, Olanrewaju Suraju, who was recently questioned by the police based on a petition by Nigeria’s former attorney-general, Mohammed Adoke.

Mr Suraju’s civil society organisation, HEDA, and other international anti-graft CSOs including Global Witness have been at the forefront of the demand for justice over the Malabu OPL 245 scandal involving Mr Adoke and many others including oil giants, Shell and Eni.

While the prosecution of the suspects is still ongoing in Nigeria, a court in Milan recently discharged the oil giants and their officials who were named in the scandal which involved the transfer of about $1 billion from the oil giants to private Nigerian accounts for the control of an oil block, OPL 245. Mr Adoke was involved in the negotiation as Nigeria’s attorney general during the Goodluck Jonathan administration but has denied any wrongdoing. read more

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OPL 245: Withdraw Your Defamatory Fraud Allegations Or Face Legal Action, UK Anti-Corruption Group Tells Adoke

OPL 245 Scandal: Withdraw Your Defamatory Fraud Allegations Or Face Legal Action, UK Anti-Corruption Group Tells Adoke

It vowed to initiate legal action against the former minister if no retraction is made within the next 10 days

BY SAHARA REPORTERS, NEW YORK APR 25, 2021

One of the leading anti-corruption groups in the UK, The Corner House has threatened legal action in response to a widely publicised complaint sent on behalf of former Nigeria’s Attorney General, Mohammed Bello Adoke (SAN) to the Police Inspector-General that the Mutual Legal Assistance, (MLA) made by UK to Italy which aided his recent judgment in Milan, was forged. read more

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International Groups Condemn Detention of Nigerian Anti-corruption Campaigner

International Groups Condemn Detention of Nigerian Anti-corruption Campaigner

We will be raising Mr Suraju’s totally unjustified detention with the board of the Extractive Industries Transparency Initiative (EITI) and calling for Nigeria’s suspension.

BY SAHARA REPORTERS, NEW YORK APR 21, 2021

International Anti-Corruption and Human Rights Groups have condemned the detention of Nigerian Anti-Corruption Activist and Chairman of HEDA Resource Center, Olanrewaju Suraju, for exposing corruption allegations surrounding the acquisition of the OPL 245 oil field by oil multinationals Shell and Eni. read more

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OPL 245: Abacha family and Malabu trial scandal

OPL 245: Abacha family and Malabu trial scandal

14 April 2021

Ten years after an international inquiry into the circumstances surrounding the sale of OPL 245 oil field by Malabu Oil and Gas Limited to Shell and its partners, ENI and Agip, for a princely sum of $1.3 billion following the resolution agreement of 2011 was opened, findings so far have revealed no evidence of corrupt practices on the part of those involved in the deal.

And, like a pack of badly arranged cards on a shaky table, the case of criminal prosecution against Mohammed Bello Adoke, Nigeria’s former attorney-general and minister of justice and the man whose legal advice formed part of the processes leading to the resolution agreement of 2011, and international oil giants, Shell, ENI and Agip, over their respective roles in the sale of OPL 245 appears to be collapsing from one international jurisdiction to the other. From Washington to London and Milan, the efforts of the Federal Government and its partners to proceed with the criminal prosecution of Bello Adoke and others have been fruitless and unsuccessful. read more

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OPL 245: Italy Ruling Can’t Save Oil Giants

Malabu Deal: Italy Ruling Can’t Save Oil Giants From Trial, Group Writes Buhari

The Milan Tribunal ruled on March 17, 2021, that the 13 defendants in OPL 245 international corruption trial had no case to answer. But there are prospects of an appeal in Italy.

BY SAHARAREPORTERS, NEW YORKMAR 28, 2021

The partial freedom granted oil giants by Italian courts in the celebrated OPL 245 corruption case will not stop the prosecution of the accused in Nigeria, a foremost global anti-corruption coalition has said.

In a letter addressed to President Muhammadu Buhari, the anti-corruption coalition said Nigeria should press on with the corruption charges and should not be cowed by any bully tactics of the oil giants who may see the Italy ruling as a shield. read more

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OPL 245: Dan Etete says he has no case to answer in Nigeria after Italian court verdict

OPL 245: Dan Etete says he has no case to answer in Nigeria after Italian court verdict

22 March 2021

Dan Etete, former minister of petroleum, says Nigerian courts must now strike out charges against him after an Italian court ruled that there was no corruption involved in the OPL 245 transaction.

He also said Malabu Oil and Gas lost over $10 billion to the corruption allegations tied to the oil block.

The OPL 245 deal involved the $1.3 billion purchase of an oil bloc by Royal Dutch Shell and Eni from Malabu, a company in which Etete held majority shares. read more

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Nigeria Bribery Case Ends In Victory For Shell, Eni

Nigeria Bribery Case Ends In Victory For Shell, Eni

An Italian court has ruled that oil giants Royal Dutch Shell PLC and Eni SPA are not guilty in a bribery case involving a Nigerian oilfield that has spanned years, according to the Wall Street Journal.

Shell, Eni, and Eni’s CEO Claudio Descalzi, have been on trial for years in the infamous OPL 245 case. Shell, Eni, Descalzi, and others, were accused of knowing that more than $1.1 billion of the $1.3 billion deposited a decade ago into an escrow account controlled by the Nigerian government would eventually be used as bribes to secure oil drilling rights. read more

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Timeline: Nigeria’s OPL 245 oilfield licence bribery cases

Timeline: Nigeria’s OPL 245 oilfield licence bribery cases

LONDON (Reuters) – An Italian court acquitted Royal Dutch Shell and Italy’s Eni on Wednesday of corruption in one of the oil industry’s biggest court cases centred around the acquisition of a Nigerian oilfield in 2011.

Italian prosecutors alleged that most of the $1.3 billion purchase price for the licence for the offshore oilfield known as OPL 245 was siphoned off to politicians and middlemen. read more

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Oil company on trial in $1.1bn corruption case given access to top EU officials to lobby for gas

Oil company on trial in $1.1bn corruption case given access to top EU officials to lobby for gas

Eni holds six European Parliament passes – more than any other oil and gas company, report finds

Ben Chapman: @b_c_chapman: 16 March 2021

An Italian energy giant on trial in a $1.1bn (£790m) bribery and corruption case has been granted privileged access to senior EU officials to lobby for fossil fuel investment, an investigation has found.

Eni and its chief executive Claudio Descalzi are on trial alongside Royal Dutch Shell in connection to a deal for one of Nigeria’s most promising oil blocks. read more

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Court declines to unfreeze Shell’s bank accounts in alleged oil diversion case

Court declines to unfreeze Shell’s bank accounts in alleged oil diversion case

By Joseph Onyekwere: 10 March 2021 Justice Oluremi Oguntoyinbo of Federal High Court, Lagos, yesterday, declined to vacate her interim Mareva injunction directing 20 banks to block accounts of Shell Petroleum Development Company of Nigeria (SPDC) and its subsidiaries.

The judge also summoned three of the banks’ secretaries and chief financial officers for allegedly disobeying the order made on January 25, 2021.

The court ordered the alleged contemnors to appear before it on the next adjourned date of March 29, 2021.

Justice Oguntoyinbo warned that their failure to appear would result in a warrant for their arrest.

The judge made the order in her ruling on three applications in a suit marked FHC/L/CS/52/2021, filed by Aiteo Eastern E&P Company Ltd against SPDC and four others. read more

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Nigerian court blocks Shell’s accounts over alleged oil theft

Nigerian court blocks Shell’s accounts over alleged oil theft

By Ben Ezeamalu: February 17, 2021

The Federal High Court in Lagos has granted an interim Mareva injunction directing commercial banks to block Shell Petroleum Development Company of Nigeria Ltd accounts.

A Mareva injunction is a court order freezing a party’s assets, until the determination of a case they are involved in, to stop them from taking it abroad.

The order was in a bid to recover the cash equivalent of more than 16 million barrels of crude oil allegedly diverted by the oil giant from AITEO Eastern E & P Company Ltd. read more

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Malabu: Eni gets green light to subpoena companies over Nigerian litigation arrangement

Malabu: Eni gets green light to subpoena companies over Nigerian litigation arrangement

The Malabu scandal involves the transfer of about $1.1 billion by oil multinationals, Shell and ENI, through the Nigerian government to accounts controlled by a former Nigerian oil minister, Dan Etete.

By Oladeinde Olawoyin: December 8, 2020

Italian oil giant, Eni S.P.A, has been granted approval to subpoena asset recovery and litigation finance companies that it accused of being involved in a shady deal to fund litigation relating to Nigeria’s OPL 245 scandal in Italy. read more

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Communities in oil-rich Niger Delta pin hopes on Shell climate case

Communities in oil-rich Niger Delta pin hopes on Shell climate case

DAKAR, Dec 1 (Thomson Reuters Foundation) – As a legal case over energy giant Shell’s planet-heating emissions kicked off in the Netherlands, activists said the health and livelihoods of people in Nigeria’s oil-producing region would hinge on its outcome.

Royal Dutch Shell faced its first court hearing on Tuesday in a lawsuit brought by environmental and human rights groups in The Hague, the company’s headquarters. read more

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Multinationals Seem Too Big For Accountability. Switzerland May Change That

Amnesty International has been challenging Shell for decades about the devastating impact that pollution and environmental damage, associated with the company’s operation, have had on the human rights of people in the Niger Delta, Nigeria. Shell has, however, tried to delegate its responsibility for the damage to its Nigerian subsidiary, SPDC, making it more difficult even for victims to seek justice. Today, there is a case pending in the UK which seeks to hold the company accountable.

Multinationals Seem Too Big For Accountability. Switzerland May Change That read more

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OPL 245: Nigeria hires London-based firm to lead dispute with Eni

OPL 245: Nigeria hires London-based firm to lead dispute with Eni

Nigeria has hired the services of Franklin Wyatt, a London-based consultancy company, to provide legal advice in a dispute with Eni, an Italian oil and gas company.

Franklin Wyatt, according to information on its website, specialises in dispute consultancy by providing advise beyond legal perspectives.

There is an age-long dispute between Eni and Nigeria over oil prospecting licence (OPL) 245 deal.

The oil deal dates back to 2011, when Shell and Eni acquired the massively rich OPL 245 for over $1.3 billion — paying $1.1 billion to take over 100 percent of Malabu’s interest and $210 million to the federal government as signature bonus. read more

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Nigeria Government Lawyer Accuses Jonathan, Adoke And Diezani Of Receiving Bribes To Facilitate Malabu Deal

Nigeria Government Lawyer Accuses Jonathan, Adoke And Diezani Of Receiving Bribes To Facilitate Malabu Deal

He informed the court that Nigeria wanted to take action because of this fact, which it considers to be of very serious prejudice to the nation.

BY SAHARA REPORTERS, NEW YORK: SEP 10, 2020

The lawyer representing Nigeria at the ongoing trial of the Malabu OPL245 scandal, Lucio Lucia, has indicted ex-President Goodluck Jonathan, at the hearing of the case in Milan court on Wednesday. read more

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Malabu Oil Deal: 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

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Shell avoids loss with strong trading, wipes $17 billion off assets

Shell avoids loss with strong trading, wipes $17 billion off assets

Ron BoussoShadia Nasralla: JULY 30, 2020

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) avoided its first quarterly loss in recent history, helped by a booming trading business, but announced nearly $17 billion in impairment charges reflecting a pessimistic outlook for oil and gas prices.

Shell had warned last month it was set to slash the value of its oil and gas assets by up to $22 billion as the coronavirus crisis hollowed out energy demand.

“Shell has delivered resilient cash flow in a remarkably challenging environment,” CEO Ben van Beurden said in a statement on Thursday. read more

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OPL 245: International transparency groups raise 25 questions

International transparency groups raise 25 questions for AGF Malami on OPL 245 contracts

Four civil society groups who have been monitoring the OPL 245 scandal have raised 25 questions for Nigeria’s justice minister, Abubakar Malami, on the handling of the assets recovered in relation to the oil block.

The groups include Corner House, Global Witness and Re:Common – all European transparency organisations – and the Human and Environmental Development Agenda (HEDA), a Nigerian anti-corruption group. read more

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OPL 245: Nigeria’s anti-corruption fight may suffer setback

Magu: International groups write Buhari, say Nigeria’s anti-corruption fight may suffer setback

Prominent international groups involved in anti-corruption efforts globally have written to President Muhammadu Buhari on what they consider the unfortunate treatment of Ibrahim Magu.

PREMIUM TIMES reported the arrest of Mr Magu, acting chairman of Nigeria’s anti-graft agency, EFCC, on Monday.

He has been detained since then as he continues to appear before a panel probing allegations of corruption and insubordination against him. The allegations were made by the Attorney-General of the Federation, Abubakar Malami. read more

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OPL 245:EFCC arraigns Malabu oil, 6 others over alleged $1bn fraud

OPL 245:EFCC arraigns Malabu oil, 6 others over alleged $1bn fraud

1 July 2020

By Ikechukwu Nnochiri ABUJA — The Economic and Financial Crimes Commission, EFCC, on Wednesday, arraigned Malabu Oil & Gas Limited, six other companies and an oil tycoon, Aliyu Abubakar before the Federal High Court on a 48-count fraud charge.

The Defendants were docked over their involvement in alleged fraudulent transfer of controversial OPL 245, considered as one of the richest oil blocks in Africa.

Other defendants in the charge marked FHC/ABJ/CR/268/2016, are A-Group Construction Company Limited, Rocky Top Resources Limited, Mega-Tech Engineering Limited, Novel Properties and Development Company Limited, and Carlin International Nigeria Limited. read more

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OPL 245: Fresh Charges Against Malabu Oil and Gas Limited

EFCC drops Adoke from key OPL 245 case, files fresh charges against Malabu

The Economic and Financial Crimes Commission (EFCC) has arraigned Malabu Oil and Gas Limited on fresh charges of money laundering in the OPL 245 deal of 2011.

July 02, 2020

Malabu, alongside Aliyu Abubakar, a businessman, and six other companies were arraigned on a 48-count charge before Iyang Ekwo, judge of a federal high court in Abuja.

The companies listed in the charge are: A-Group Construction Company Limited, Rocky Top Resources Limited, Mega Tech Engineering Limited, Novel Properties and Development Company Limited, and Carlin International Nigeria Limited. read more

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OPL 245: How Italian Prosecutors Hid Vital Information from Judge

OPL 245: How Italian Prosecutors Hid Vital Information from Judge

By Davidson Iriekpen:

Facts have emerged that the lead Italian prosecutor in the criminal case involving Shell and ENI over the OPL 245 affair, Dr. Fabio De Pasquale, concealed a significant material fact from the Milanese court concerning the former Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Mohammed Bello Adoke, THISDAY has learnt.

In the transcripts of the hearing with Criminal Proceeding No. 54772/13 RGNR, the prosecution witness, Ferri Alessandro, had told the court that Adoke owned the property at No. 271, Cadastral Zone A06 Maitama, Abuja, for which he had collected a mortgage of N300 million from Unity Bank in 2011. read more

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Malabu Oil Block: ex-minister Orubebe’s wife quizzed over N360m deals

Malabu Oil Block: ex-minister Orubebe’s wife quizzed over N360m deals

MAY 15, 2020

From Yusuf Alli, Abuja

Former Niger Delta Affairs Minister Godsday Orubebe’s wife Maureen, has been grilled by the Economic and Financial Crimes Commission (EFCC) over a N500 million deal linked to the $1.092 billion Malabu Oil Block scandal.

Mrs. Orubebe is also being investigated for alleged money laundering.

She was alleged to have bought three assets from the company of one of the suspects on trial over the Malabu Oil Block Settlement Agreement.

The assets were alleged to be part of those which over $523 million (out of $1.06b) was used for. read more

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SEC drops inquiry into Shell-Eni OPL 245 deal, companies say

|About: Royal Dutch Shell plc (RDS.A)|By: , SA News Editor

  • Royal Dutch Shell (RDS.A +0.9%) and Eni (E -0.8%) say the U.S. Securities and Exchange Commission has dropped its inquiry into their 2011 acquisition of the OPL 245 oil block offshore Nigeria.
  • The two companies are still on trial in Italy over allegations they bought OPL 245 knowing most of the $1.3B price would go to agents and middlemen in bribes.
  • Separately, Eni says CEO Claudio Descalzi and all senior managers will defer the collection of half of their 2020 long-term incentive plans until 2021, part of the company’s measures to reduce investment and operating costs.
  • For Descalzi, the deferral is equivalent to €735K, 15% of his total remuneration or 46% of his fixed remuneration.
  • Also, an agreement between Eni, Spanish gas firm Naturgy Energy and the Egyptian government to resolve a series of disputes over a shuttered gas plant in northern Egypt reportedly has fallen through.
  • The deal had been due to end Naturgy’s business interests in Egypt and dissolve a joint venture between Naturgy and Eni, while Eni and some Egyptian firms would have increased their holdings in the Damietta plant.        SOURCE
  • read more

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    Malabu Oil deal: EFCC seeks arrest warrant to extradite ex-Minister Etete, others

    JANUARY 29, 2020

    Yusuf Alli, Managing Editor, Abuja

    THE Economic and Financial Crimes Commission (EFCC) has asked the High Court of the Federal Capital Territory for a warrant of arrest to enable it extradite a former Minister of Petroleum Resources, Dauzia Loya (Dan) Etete and two others.

    The others are Munamuna Seidougha and Amaran Joseph.

    The anti-graft agency has preferred charges against the three suspects before the High Court over the $1.09billion Malabu Oil Block (OPL 245) Settlement Agreement.

    The EFCC alleged that Rasky Gbinigie, Munamuna Seidougha (at large), Amaran Joseph sometime in 2013, in Abuja “dishonestly used as genuine the forged form CAC 7 and Board Resolution of Malabu Oil and Gas Limited and the letter of resignation of one Mohammed Sani, which they then knew to be forged documents, to open a bank account No. 2018288005 to receive $401,540,000.00 . read more

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    $1.06b Malabu oil block: Govt, EFCC, Interpol in row over Adoke

    December 8, 2019

    THE International Police (INTERPOL) has rejected the request of former Attorney-General and Minister of Justice Mohammed Bello Adoke for release from its custody in Abu Dhabi, United Arab Emirates (UAE).

    It said it could not grant the request because it deals with states and not individuals. Adoke’s lawyers wrote the INTERPOL, seeking his release based on what they called the vacation, on October 25, of the warrant of arrest issued against him by Justice Danlami Senchi of the Federal Capital Territory (FCT) High Court in Abuja. read more

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    Headers

    SELECTION OF WEBPAGE HEADER IMAGES ALL FROM WEBSITES OPERATED BY JOHN DONOVAN, ALL FOCUSSED ON ROYAL DUTCH SHELL

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    Header images on royaldutchshellplc.com

    Header images on royaldutchshellgroup.com

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    Shell: Security Remains Major Challenge in N’Delta

    By Emmanuel Addeh in Yenagoa 12 July 2019: — Shell Petroleum Development Company of Nigeria Limited (SPDC) has said security remains a major challenge occasioned by continuing crude oil theft and vandalism of oil and gas facilities in parts of the Niger Delta.

    SPDC’s General Manager, External Relations, Igo Weli, who spoke in Yenagoa, Bayelsa State, at the media launch of the 2019 edition of the Shell in Nigeria Briefing Notes, an annual publication detailing the activities of the business interests of the global energy giant, noted that the illegal activities result in the loss of 11,000 Barrels Per Day of crude oil. read more

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    Shell Vows Not To Return Pumping Oil In Troubled Nigerian Region

    Earlier this month, a Dutch court ruled that it had the jurisdiction and would hear a damages lawsuit against Shell brought by the widows of activists executed by Nigeria’s government after the protests in Ogoniland in the 1990s.

    By Tsvetana Paraskova May 27, 2019, 4:00 PM CDT

    The Nigerian unit of Royal Dutch Shell doesn’t have any plans to return to exploring or producing oil in Ogoniland in Nigeria’s Rivers state after it ceased operations there in the 1990s, Igo Weli, General Manager, External Relations, at the Shell Petroleum Development Company (SPDC) said this weekend at the release of Shell Nigeria’s 2019 Briefing Notes.

    SPDC, as operator of the SPDC Joint Venture, carried out exploration and production operations in Ogoniland from the 1950s until the early 1990s. Production ceased in 1993 following a rise in violence, threats to staff, and attacks on facilities, Shell said. read more

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    Report alleges Shell and Eni made military-style Nigerian oil deal

     

    A new report alleges that Shell and Eni benefited ‘at the expense’ of the Nigerian people in a generous military-style contact in 2011.

    Analysis from non-profit watchdog Global Witness suggests the firms signed a “Sole Risk” contract, which gave away Nigeria’s right to its share of the oil produced in the $1.1bn deal.

    Court cases are underway into allegations of bribery in the deal for the OPL 245 license, which holds one of the country’s largest oil fields. read more

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    Russia can become the world’s top natural gas producer – Shell CEO

    Russia can become the world’s top natural gas producer – Shell CEO

    Published time: 15 March 2019

    With the biggest natural gas reserves on the planet, Russia could become the world’s number one producer of the fuel, according to Ben van Beurden, the CEO of Anglo-Dutch energy major Shell.

    The top executive says that rapidly increasing demand for natural gas has occurred due to the worldwide trend aimed at forcing out coal from power generation and the widening opportunity of available renewable energy sources.

    “Russia’s chances in the field are huge,” van Beurden wrote in an article for RIA Novosti, stressing that the country is the world’s largest exporter of natural gas.

    “It is the second largest producer of natural gas. It could be the largest,” he said. read more

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    The crooks at USB Bank and Royal Dutch Shell

    Former Shell CEO Peter Voser is an unlucky man. He had the incredible misfortune to be in charge of the bad guys at both corporate giants, Shell and UBS Bank simultaneously, while presumably being personally innocent of any criminal acts? What are the chances of that happening? The question of managerial negligence, twice-over, must surely be another matter?

    By John Donovan

    Printed below is an article published yesterday by BBC News reporting that the “Swiss banking giant UBS has been fined €3.7bn (£3.2bn; $4.2bn) in a French tax fraud case.”

    The article goes on to say that “Following similar cases in the US in 2009 and Germany in 2014, the bank accepted large fines.”

    During the period of criminal activity the then Chief Executive Officer of Royal Dutch Shell Plc – Peter Voser – was paid millions of Swiss francs in his role as a director of UBS AG. He was also a member of the governance and nominating committee and of the strategy committee. read more

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    Jamie Oliver defends controversial £5m food deal with oil giant Shell

    EXCLUSIVE: TV chef who previously campaigned for green causes is facing a major backlash

    The TV chef has launched Jamie Oliver deli by Shell (Image: PA)

    Shell, whose profits hit £4.3billion last year, is in the top 10 global carbon dioxide emitters. It is also involved in a corruption trial over dealings in Nigeria.

    By Tom Bryant: Head Of Showbiz: 20:54, 15 JAN 2019

    Jamie Oliver has sparked fresh fury after trying to defend his £5million food-to-go deal with Shell.

    The TV chef, 43, yesterday launched his range for the oil giant, despite campaigning for action on climate change.

    He said he had “thought a lot” before agreeing to it, adding: “There are pitfalls working for any client, they all have their own baggage.”

    But campaigners hit out at his reasoning, which comes after Jamie told of a cash crisis at his company.

    Shell, whose profits hit £4.3billion last year, is in the top 10 global carbon dioxide emitters. It is also involved in a corruption trial over dealings in Nigeria. read more

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    Nigeria sues Shell and Eni over 2011 ‘oil bribes’

    December 14 2018, 12:01am

    Nigeria is suing Royal Dutch Shell and Eni for $1.1 billion that it claims it missed out on as a result of alleged corruption in a 2011 oil deal. The country said that it had lodged the claim in the High Court in London against the companies to recoup payments they made for an offshore oil exploration block. It alleges that the oil majors knew that much of the $1.3 billion they had paid to the Nigerian government to secure ownership of the OPL 245 licence ultimately would be paid in bribes. The allegations are already the subject of criminal proceedings in Italy and Nigeria. Both Shell and Eni deny any wrongdoing. Shell is an Anglo-Dutch group that employs about 80,000 people in more than… Want to read more? read more

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    Shell cuts its losses by selling stake in Corrib gas field

    Shell has sold its remaining stake in the Corrib gas field, formally marking its exit after nearly two decades of involvement.

    The UK company, one of the largest oil and gas firms in the world, announced yesterday that it had completed a deal to offload a 45 per cent interest in the gas field to a unit of the Canada Pension Plan Investment Board.

    The deal, which was agreed in July last year, will include a cash payment of $958 million (€846 million), interest of $54 million and additional payments of $285 million, subject to gas prices and production from Corrib. The transaction could therefore be worth $1.3 billion (€1.1 billion). read more

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    Royal Dutch Shell completes Corrib share sale

    Western Correspondent

    The oil company Royal Dutch Shell has completed the sale of its shares in the Corrib gas field off the north Mayo coast.

    The deal means Shell no longer has any involvement in the operation of the project.

    Last year, the Canada Pension Plan Investment Board (CPPIB) agreed a deal to purchase all Shell interests on the Corrib venture, for €1.08 billion.

    Gas was first detected off the north west coast in the late 1990s but the project to bring it ashore was mired in controversy and subject to several challenges. read more

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    MALABU SCANDAL: Shell, Eni officials’ trial continues as anti-corruption group head appears before court

    The trial of officials of oil giants Eni and Shell over the controversial Malabu scandal will resume Wednesday at the Milan Palace of Justice in Italy, PREMIUM TIMES has learnt.

    The Milan court’s decision came after Simon Taylor, a founding director of anti-corruption group, Global Witness, appeared before it as witness on Wednesday.

    Mr Taylor’s Global Witness, together with PREMIUM TIMES and its London partner, Finance Uncovered, have for years done extensive investigations into the long-running controversial oil deal. read more

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    Corruption trial in Nigeria may last several months, says Shell

    SOURCE

    Corruption trial in Nigeria may last several months, says Shell

    12 October 2018

    Royal Dutch Shell has said the corruption trial over a Nigerian oil deal may last several months, warning staff of continued critical media coverage in the $1.3 billion case.

    An internal memo sighted by Reuters indicates that Shell’s Legal Director, Donny Ching, encouraged employees to study an internal web page that the Anglo-Dutch oil giant had set up for the case before responding to questions from relatives and friends.

    Shell and its Italian peer, Eni are defendants in a Milan bribery trial, now in its early stages, focusing on the 2011 purchase of Nigeria’s $1.3 billion OPL 245 offshore oilfield. read more

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    Court Commits Shell MD to Imprisonment with Hard Labour

    NO, IT’S NOT MALCOLM BRINDED. HIS BRIBERY & CORRUPTION TRIAL (RE OPL 245) ALSO RELATING TO NIGERIA, IS STILL IN PROGRESS. 

    Those sentenced alongside the SPDC managing director are Shell’s Secretary and Head of legal and the Deputy Country Head of Legal/Managing Counsel Global litigation sub-Sahara Africa.The judge directed the Nigerian Police Force and other law enforcement to effect immediate arrest of the aforementioned Shell officials who were absent in court and send them to prison.

    By Ernest Chinwo in Port Harcourt: OCTOBER 10, 2018

    A Port Harcourt High Court yesterday sentenced the Managing Director of Shell Petroleum Development Company (SPDC), Mr. Osagie Okunbor, and two others to three months’ imprisonment with hard labour for disobeying court order.

    But reacting to the court judgment, the SPDC’s spokesman, Bamidele Odugbesan, said the oil giant did not accept the judgment and had appealed it. 

    “We do not accept that SPDC has disobeyed any lawful order of court and have accordingly appealed this judgement.  read more

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    Shell Tries to Come Clean on Its Dirty Past in Nigeria

    Italian prosecutors allege that a year after its agreement with the U.S., Shell and Eni SpA, its partner in Nigeria, paid more than $1 billion to win offshore licenses, which mostly went to bribes.

    As the company moves away from oil, it can’t shake its years operating in the pollution- and graft-ridden nation.

    A leaking, out-of-service Shell oil well head catches fire in Nigeria in 2006. PHOTOGRAPHER: ED KASHI/VII

    By Kelly Gilblom

    Perched in a helicopter sweeping over the mangrove forests of the Niger Delta, a photographer named Casey is looking for trouble. And she finds it, down among a cluster of tree trunks stained with crude. A faint disturbance in a jungle clearing turns out to be a group of men pawing at a pipeline, a tiny slice of a 1,200-mile web that feeds Royal Dutch Shell Plc’s bustling export hub on Bonny Island. Some of the men flee as the chopper closes in, but most redouble their efforts as Casey aims her camera. “I’ve seen things get better,” she said before takeoff. “Then they go back to getting worse.” read more

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    In Nigeria, Shell finds there’s no easy way out

    In Nigeria, Shell finds there’s no easy way out

    25 Sept 2018

    Royal Dutch Shell wants to shift its operations in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued the West African country’s onshore industry for decades.

    SOURCE

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