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Posts on ‘May 14th, 2013’

BP and Shell raided in oil price-rigging investigation

The London offices of BP and Shell have been raided by European regulators investigating allegations they have “colluded” to rig oil prices for more than a decade.

European commission carries out ‘unannounced inspections’ to investigate claims oilcompanies colluded to manipulate prices

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The London offices of BP and Shell have been raided by European regulators investigating allegations they have “colluded” to rig oil prices for more than a decade.

The European commission said its officers carried out “unannounced inspections” at several oil companies in London, the Netherlands and Norway to investigate claims they may have “colluded in reporting distorted prices to a price reporting agency (PRA) to manipulate the published prices for a number of oil and biofuel products”. 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.

BP and Royal Dutch Shell raided

BP and Royal Dutch Shell saw their offices raided today as the European Commission launched an investigation into oil price fixing. The Commission said it is concerned there has been collusion aimed at manipulating the prices of not only oil, but also petrol and biofuels.

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 A bogus market?

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By This Is Money Reporter

PUBLISHED: 16:58, 14 May 2013 | UPDATED: 17:17, 14 May 2013

BP and Royal Dutch Shell saw their offices raided today as the European Commission launched an investigation into oil price fixing.

Norway’s Statoil and price reporting agency Platts have also admitted to working with the authorities in their inquiries.

The Commission said it is concerned there has been collusion aimed at manipulating the prices of not only oil, but also petrol and biofuels.

It added that the anti-competitive co-operation may also have prevented others from taking part in the assessment of market prices. 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.

EU anti-trust raids involving Royal Dutch Shell?

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Shell, Europe’s biggest oil company, confirmed that Shell companies are “currently assisting” the European Commission in an inquiry into trading activities.

Tip off  from a Shell related source…

By John Donovan

Dow Jones Newswires is reporting confirmation from Royal Dutch Shell Plc that Shell companies are assisting the European Commission enquiry into trading activities.

Shell has said in a statement that it is fully co-operating with the investigation, but for legal reasons, cannot comment further at this time. 

The enquiry is thought be be connected to anti-trust raids that took place earlier today.

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EU Raids Oil, Biofuels Companies in Price Collusion Probe

By Jonas Bergman – May 14, 2013 3:54 PM GMT+0100 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.

Coast Guard hearing on Shell drill-rig grounding set to start May 20

 The Coast Guard already has referred possible pollution violations involving the Kulluk and safety and environmental issues with Shell’s other drilling rig, the Noble Discoverer, to the Justice Department.

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Published 13 May 2013

A formal Coast Guard hearing investigating the circumstances of the grounding of Royal Dutch Shell’s drilling rig, the Kulluk, begins at noon May 20 in Anchorage.

The hearing will take place in the Anchorage Assembly chambers at Loussac Library and is scheduled for 10 days, though it could wrap up sooner or go longer, said Chief Petty Officer Kip Wadlow.

Rear Adm. Thomas Ostebo, who is the commander of the Coast Guard in Alaska, ordered a marine casualty investigation days after the Dec. 31 grounding off Sitkalidak Island, on the southern end of Kodiak Island. The investigation is a fact-finding effort to see if actions need to be taken to prevent such failures in the future, Wadlow said. It is not a criminal proceeding. The Coast Guard already has referred possible pollution violations involving the Kulluk and safety and environmental issues with Shell’s other drilling rig, the Noble Discoverer, to the Justice Department. 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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