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Posts on ‘February 20th, 2014’

Nigerian lawmakers recommend revoking Shell, Eni OPL 245 oil block licence

Extract from an article published by Platts 20 Feb 2014

Screen Shot 2014-02-10 at 16.29.29A global anti-corruption crusader Global Witness in late 2012 said that Shell and Eni may run foul of UK legislation over the acquisition of the oil block, on grounds that the the transaction ran counter to the anti-bribery legislation in the UK as well as the US and Italy, since the payment ended up with a company controlled by Etete, who had been convicted in France for money laundering, Platts previously reported. “Though Shell and Eni paid the Nigerian government, funds were then transferred shortly after to a company controlled by ex-Oil Minister, Dan Etete, who in 2007 was convicted in France of money laundering,” 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.

Shell’s Nigeria & UK sales won’t be ‘big money’, Deutsche Bank says

Article by Jamie Ashcroft published by proactiveinvestors on Feb 20, 2014

Screen Shot 2013-12-22 at 19.09.52Deutsche Bank says it makes ‘strategic sense’ for Shell (LON:RDSB) to sell off assets in the UK and Nigeria, though its analysis doesn’t suggest they would be big money deals.

The German bank said, in a note to investors, that the noise around potential divestments is building and it is becoming clearer which assets will go under the hammer.

FULL ARTICLE

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.

Shell sells Italian retail business to Kuwait Petroleum

Reuters article published LONDON Thu Feb 20, 2014 10:47am GMT

Screen Shot 2013-12-22 at 19.09.52Feb 20 (Reuters) – Anglo-Dutch oil and gas major Shell said on Thursday it has agreed to sell its Italian retail and aviation business to Kuwait Petroleum International.

“The sale is consistent with Shell’s strategy to concentrate Shell’s downstream footprint on a smaller number of assets…

FULL ARTICLE

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.

Woodside CEO Seeks Shell Exit Decision on $6.6 Billion Stake

Extract from Bloomberg News article by James Paton Feb 20, 2014 5:53 AM GMT

Screen Shot 2013-12-22 at 19.09.52Woodside Petroleum Ltd. (WPL), Australia’s second-largest oil and gas producer, pressed Royal Dutch Shell Plc (RDSA) to take action on its A$7.3 billion ($6.6 billion) stake in the company, saying investors want “certainty.” 

Shell’s move to accelerate asset sales to free cash for new projects is seen as increasing the likelihood the Anglo-Dutch company will finally divest its remaining stake in Woodside. The company is trying to win investors’ confidence after its fourth-quarter profit fell to the lowest since 2009.  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.

AIMS partners with Shell and INPEX to help protect against oil spills

Extract from article in GAS TODAY published Thu, 20 February 2014

Screen Shot 2014-02-20 at 10.29.31The Australian Institute of Marine Science (AIMS), Shell Development Australia and INPEX subsidiary INPEX Operations Australia are set to develop comprehensive environmental baselines to monitor the health of waters off North Western Australia.

The partnership also incorporates comprehensive plans for monitoring the marine environment in the unlikely event of loss of containment from either Shell’s Prelude or INPEX’s Ichthys Project wells. 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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