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Posts on ‘November 20th, 2016’

Shell fights lawsuits over Nigeria environmental record

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screen-shot-2016-11-19-at-17-13-56SARAH KENT: November 21, 2016

Royal Dutch Shell is fighting lawsuits this week in London and The Netherlands over its environmental record in Nigeria, highlighting the quagmire of problems the energy company faces there as it tries to pivot away from the West African nation.

The oil-rich Niger Delta has generated billions of dollars for Shell over the past 60 years, but the company’s operations have been plagued by sabotage, theft and oil spills that ravaged the local environment.

Though Nigeria was one of its most prolific regions for crude production in 2015, Shell has sold off tracts of onshore oilfields. Its new focus — sealed with the mammoth $US50 billion acquisition of BG Group this year — is deepwater wells off the coasts of the US and Brazil and a historic shift toward natural gas that puts it at the forefront of oil companies offering a more climate-friendly image to investors. read more

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Minnow set to seal Shell deal

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Danny Fortson: November 20 2016, 12:01am

A small, private oil company is nearing a deal to buy nearly $2bn (£1.6bn) worth of Shell’s North Sea oil fields.

Chrysaor was one of several suitors to have lodged bids for the assets that the FTSE 100 giant put on the block after its blockbuster takeover of rival BG.

It is understood that the company, which is run by former Amerada Hess executive Phil Kirk and chaired by Francis Gugen, founder of beleaguered shale gas developer iGas, is closing in on a deal. Chrysaor is likely to buy most, but perhaps not all of the North Sea fields Shell is hoping to unload, according to industry sources. 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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