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Posts on ‘July 24th, 2013’

Shell denies links to money laundering allegations

Transparency campaigners, who asked the UK to look into the matter, assert that Shell and ENI used the Nigerian government as a go-between to obscure the fact that they were dealing with former oil minister Dan Etete, who also has a 2007 money-laundering conviction in France related to bribes he was alleged to have taken when in government.

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British police are investigating a money-laundering allegation related to a big oil field bought by Shell and ENI from Nigeria for $1.3bn (€982m), after most of the cash they paid ended up in a company linked to a former Nigerian oil minister.

The probe concerns offshore block OPL 245, which industry sources say contains up to 9.23 billion barrels of crude – more than enough to keep China running for two and a half years – the ownership of which had been in dispute for more than a decade.

“The proceeds of crime unit is investigating a money-laundering allegation in the UK in connection with OPL 245. The investigation is at an early stage,” a UK spokesman said.

Transparency campaigners, who asked the UK to look into the matter, assert that Shell and ENI used the Nigerian government as a go-between to obscure the fact that they were dealing with former oil minister Dan Etete, who also has a 2007 money-laundering conviction in France related to bribes he was alleged to have taken when in government. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell awards contract for worlds deepest floating production facility

Screen Shot 2013-03-26 at 22.11.38 Posted on by Emily Pickrell

A Dutch offshore services company will provide a floating production platform for Royal Dutch Shell’s Stones field project in the Gulf of Mexico, which the companies say will be the deepest-water field served by such a vessel.

Shell will lease the Floating Production Storage and Offloading vessel from  SBM Offshore for development of its Stones field, which is in 9,500 of water and approximately 200 miles offshore.

The companies did not disclose the value of the contract in their announcement Tuesday. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Latest French Guiana well is dry hole

LONDON | Tue Jul 23, 2013 10:21am BST

(Reuters) – Hopes French Guiana has commercial oil reserves like those of Ghana across the Atlantic suffered a new blow on Tuesday as a well off the Latin American country’s coast came in dry for explorers Tullow Oil (TLW.L) and Royal Dutch/Shell (RDSa.L).

Tullow’s production in Ghana has helped finance exploration across Africa and tempted it off the coasts of French Guiana, Suriname and Guyana – to which west Africa was connected millions of years ago, and which has similar geology. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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