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Posts on ‘February 15th, 2016’

Shell expects its Brazil output to quadruple by 2020: CEO

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RIO DE JANEIRO | BY JEB BLOUNT AND MARTA NOGUEIRA: Mon Feb 15, 2016

Royal Dutch Shell (RDSa.L), Europe’s largest oil company, expects to make robust investments in Brazil’s offshore resources, hoping to quadruple oil and gas output there by the end of the decade, its chief executive officer said on Monday.

CEO Ben van Beurden spoke in Brazil shortly after Shell’s $52 billion takeover of BG Group Plc BG.L, approved in late January, took effect.

Thanks to BG’s large portfolio of assets in Brazil and Shell’s decision to buy 20 percent of the giant Libra offshore project in 2013, Brazil will be a key area for the Anglo-Dutch company as it focuses on liquefied natural gas and deepwater oil production, van Beurden said. 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

Face-off over Malabu Shell/Eni oil bloc scam

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From Godwin Tsa, Abuja: 10 FEB 2016

A letter written to the Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN) to the Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, directing him to forward the case file to him, has not been complied with two weeks after it was served on him.

President Muhammadu Buhari began the process in retrieving the licence by revisiting the issues around the controversial oil bloc which has bogged other past governments enmeshed in its illegal transfer to a new ownership. 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/NIGERIAN CORRUPTION

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BY PREMIUM TIMESFEB 08, 2016

On Thursday, January 28, Ibrahim Magu, the acting chairman of Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), received a letter.

The two-paragraph letter from the office of the Attorney General of the Federation and Minister of Justice made only one request from the anti-graft chief. Signed by Muhammad Diri, the Director of Public Prosecutions of the Federation, the letter asked Mr. Magu to forward “the case diary in respect of an investigation into” the OPL 245 Malabu scandal. 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/NIGERIAN CORRUPTION

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By Editor on February 12, 2016

FORMER interface manager of Shell Production Development Company (SPDC), Chief Chidi Adebanya, is not being prosecuted by the Economic and Financial Crimes Commission (EFCC) for any offence, his lawyers have said.

The declaration is a blunt rebuttal of news report that he (Adebanya) was to be arraigned for alleged N7 billion tax evasion.

In a statement, his lawyer, Okey Obikeze, described the report as “false and mendacious.” He was reacting to a news story published in The Guardian on Monday, February 1, 2016. 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 pursues transition plan after sealing $53 billion BG deal

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LONDO | BY RON BOUSSO: Monday Feb 15, 2016

Royal Dutch Shell (RDSa.L) on Monday sealed the $53 billion (36 billion pounds) acquisition of British rival BG Group to form the world’s top liquefied natural gas company, even as slumping oil prices cast a shadow on the upcoming years of transition.

The success or otherwise of the complex merger will define the legacy of Shell Chief Executive Ben van Beurden, seeking to transform Shell into a more specialized group focused on the rapidly growing LNG market and deepwater oil production. 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 completes BG takeover

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Written by Niamh Forrest – 15/02/2016

Shell has completed its $68.2billion merger with BG Group which will now be delisted from the London Stock Exchange.

The oil major said it follows the sanction of scheme at a hearing held four days ago and the delivery of the court order to the Registrar of Companies today.

Shell well issued 1,523,804,425 Shell A shares and 3,745,486,731 Shell B shares.

Chief executive Ben Van Beurden said: “This is an important moment for Shell.

“It significantly boosts our reserves and production and will bring a large injection to our cash flow. 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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