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Posts on ‘December 23rd, 2016’

Shell faces corruption charge threat

Marcus Leroux: December 23, 2016

Royal Dutch Shell faces possible corruption charges over the purchase of a Nigerian oil block.

The world’s second-largest private oil producer, and Eni, the Italian major, are being investigated over their 2011 purchase of an offshore block in Nigeria for $1.3 billion. Milan’s public prosecutor has wrapped up its investigation and Corriere della Sera newspaper reported that it intends to press charges.

The deal attracted criticism because only $210 million ended up in state coffers, with the rest going to Dan Etete, a former energy minister, and his associates. On Tuesday Mr Etete and two others were charged with money laundering in Nigeria in connection with the deal. Mr Etete could not be reached but has maintained his innocence previously. read more

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A devastating blow for Shell in U.S. Federal Court

See: Shell faces possible Dutch lawsuit over Nigerian activist’s execution

The Dutch Kiobel Case will allege that Netherlands-based Royal Dutch Shell and its predecessors were complicit in gross violations of civil liberties and human rights directed at Dr Kiobel and Esther Kiobel, including arbitrary detention and arrest; attempted rape; cruel, inhuman, and degrading treatment; and violations of the right to a fair trial and the right to life.  (Extract from petition)

Esther Kiobel holds Shell responsible for the murder of her late husband, Ogoni leader Dr. Barinem Kiobel. 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 and BP’s UK dividend payments surge on weaker pound

Andrew Ward, Energy Editor

Royal Dutch Shell and BP have delivered a Christmas bonus worth almost £500m to UK shareholders because of the depreciation of the pound against the dollar since the vote to leave the EU.

Both UK oil majors have made quarterly payouts this month that were a fifth higher than a year ago due to their practice of setting dividends in dollars and paying them in sterling.

FULL FT ARTICLE

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

Explosive allegations detonate around Shell and Eni’s OPL 245 deal

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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