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Posts on ‘March 31st, 2016’

Italy Probes Shell’s Role in Purchase of Nigerian Oil Block

Screen Shot 2016-03-31 at 21.20.56Shell and the Italian oil firm Eni bought the block known as OPL 245 in 2011. Activists including the watchdog group Global Witness say the money ultimately went to a company secretly owned by a former Nigerian oil minister and never reached state coffers.

Global Witness and other groups filed a complaint in 2015 with the public prosecutor in Milan that the group says describes Shell’s role in the transaction.

Eni was already being investigated. Both firms have denied wrongdoing.

In a statement this week, Shell said officials searched its headquarters in The Hague in February and that it was cooperating with officials. read more

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Shell target of Nigerian corruption probe

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Screen Shot 2016-03-30 at 13.04.33Global Witness said Dutch supermajor and its partners exposed shareholders to risk.

By Daniel J. Graeber

LONDON, March 31 (UPI) — Transparency advocates said Royal Dutch Shell and its partners in Nigeria may have exposed shareholders to a high level of risk in a corrupt system.

Global Witness said it was joining Nigerian anti-corruption campaigners in working to expose what they say is an opaque corporate reputation in the country. Global Witness Director Simon Taylor said that, working with Italian energy company Eni, the Dutch supermajor was stained by corruption.

“Shell and Eni exposed their investors to massive risks and have been tainted by this theft from Nigerian citizens,” he said in a statement. 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

Which Members of the Royal Dutch Shell Executive Committee Approved the OPL 245 Scam?

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Outsider: Contrary to what today’s newspaper reports might suggest, Shell wasn’t “dragged” into the long-running OPL 245 scandal – Shell was involved in orchestrating it from the very start.

Since expenditure at this level must have required the approval of the EC it will be interesting to see whether Shell will let us know which members of the EC were responsible for approving the scam.

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 Ireland gets €50m injection for Corrib Gas

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Gordon Deegan: Thursday, March 31, 2016

Shell Ireland has received a further €50m cash injection from oil giant Shell, as the Irish firm finally generates revenues from the long-delayed and controversial €3.6bn Corrib Gas field.

The increase of €50m in capital at Shell E&P Ireland Ltd is confirmed in new documents lodged with the Companies Office, which show that the authorised share capital at the firm now stands at €1.4bn.

Shell and its Corrib Partners over 2015 and 2014 spent €580m, made up of an investment of €260m last year and €320m in 2014 to bring gas ashore. 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 Nigeria deal probed in Italy

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The oil giant said it was cooperating with the authorities.

The probe is connected to the 2011 $1.3bn purchase of Nigeria’s OPL-245 offshore oil block by Eni and Shell.

As part of the investigation, Shell headquarters in The Hague were searched in February by Dutch police and prosecutors, a spokesman added.

“We can confirm we have received notice of proceedings from the public prosecutor in Italy,” the Shell spokesman said.

In 2014 a Milan court starting probing Italian oil giant Eni over allegations of corruption connected to the OPL-245 offshore oil block acquisition. 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 Looking To Sell The Famous Brent Field, But Who Will Buy?

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Screen Shot 2016-03-15 at 10.34.57By Irina SlavPosted on Wed, 30 March 2016

Royal Dutch Shell has confirmed media reports that it is looking to sell part of its production holdings in the North Sea, saying all these assets—33 in total, including the Brent field that gave its name to the international benchmark—are being reviewed along with others, in other parts of the world.

The sale is part of Shell’s efforts to raise around $30 billion to restore some of the money it spent on buying BG Group for around $57 billion. Plans are to carry out the sales over the next three years. 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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