Nov 1st, 2015
by John Donovan.



BY SAHARAREPORTERS, NEW YORK: NOV 01, 2015
Kola Aluko, a Nigerian oil magnate now wanted in the UK for money laundering, has admitted that he paid rent for a high-end apartment for the mother of a former minister of Petroleum Resources, Diezani Alison-Madueke.
Mr. Aluko told the British Sunday Times newspaper that he was responsible for paying rent for Mrs. Beatrice Agama, the former minister’s mother. He also said he ensured that food was brought to the minister’s mother at the St. John’s Wood property. Last month, a UK court approved the confiscation of funds belonging to Mrs. Agama. The court also authorized the seizure of funds belonging to Melanie Spencer, the wife of a Ghanaian oil tycoon, Kevin Okyere, implicated in the money laundering investigation involving the former minister. read more
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Nov 1st, 2015
by John Donovan.
Nov 1st, 2015
by John Donovan.



The latest quarterly results season is receding into the accounting archives, with BP, Royal Dutch Shell, Chevron and the keenly anticipated numbers of Exxon Mobil now with us.
That lower oil prices continue to dent profits at the world’s biggest oil companies is no longer news. Figures on their often unloved downstream operations performing well bring a few smiles and keep detractors of the integrated model quieter than usual.
Take big beast Exxon, which reported quarterly profits of $4.24bn, down 47% on an annualized basis from the same quarter last year. Its profits from refining doubled to about $2bn, but upstream takings fell 79% to $1.4bn. Prior to Exxon, smaller rivals (e.g. – BP, Shell and Chevron) had all posted declines in headline quarterly profits earlier in the week. Yet read between the lines of the profit declines, and a common message on how to cope seems to be emerging. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.