Mar 15th, 2016
by John Donovan.

Tuesday 15 March 2016

Nigeria’s state-owned oil company has failed to pay the government $16bn (£11bn) in a suspected fraud, according to an official audit.
The Nigerian National Petroleum Corporation (NNPC) provided no explanation for the missing funds, the auditor general told MPs.
Oil revenue accounts for two-thirds of the government’s funding.
President Muhammadu Buhari has promised to crack down on corruption since coming to office last May.
The NNPC has not commented on the auditor general’s findings.
The state oil giant has been mired in corruption allegations and losing money for many years.
Last month, the government announced that the NNPC would be broken up into seven different companies.
Nigeria’s former central bank governor Lamido Sanusi, now the Emir of Kano, was dismissed by the previous administration after saying that $20bn (£12bn) in oil revenue had gone missing in 2013. read more
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Mar 15th, 2016
by John Donovan.


By Katie Herzog on 14 Mar 2016
Shell Oil released its 2015 annual review last week, and the most surprising thing in it may be how concerned the company is with climate change. It’s hardly what you’d expect from Big Oil, and yet the words “climate change” occur 15 times in the 228 page report. While this may seem minor, it’s a hell of a lot more than climate change is discussed by most other oil monsters (Looking at you, Exxon). Shell, unlike many oil giants, actively acknowledges and even embraces climate action — at least, on paper. “It was encouraging to see governments reach a global climate agreement in Paris in December,” the report reads. “The agreement should now encourage countries to develop policies that balance environmental concerns with enabling a decent quality of life for more people.” read more
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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.
Mar 15th, 2016
by John Donovan.

by Mary Morley: Tuesday, 15 Mar 2016
Royal Dutch Shell’s (LON:RDSA) recent acquisition of former London-listed peer BG Group will give it more levers to pull to weather the downturn in oil prices, analysts at Barclays have said. The bank, however, cautions that the enlarged group’s work is ‘far from over’.
Shell’s share price has been subdued in London this morning, having shed 0.48 percent to 1,658.50p as of 08:11 GMT, largely in line with losses in the broader market, with the benchmark FTSE 100 index having fallen 0.55 percent to 6,140.50 points. In the year-to-date, the energy group’s shares have added 8.65 percent, as compared with a 1.61-percent dip in the Footsie. 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.