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Posts on ‘March 2nd, 2018’

Trial of Shell, Eni over Nigeria to switch to new Milan court: sources

The Italian inquiry is one of several into the acquisition of OPL-245, including cases in the Netherlands and Nigeria.

Reuters: 2 March 2018

MILAN (Reuters) – A trial in Italy of Royal Dutch Shell and Eni executives over alleged corruption in Nigeria, which had been due to start on March 5, will be transferred to another court in Milan, delaying the proceedings, legal sources said.

Earlier this week, the Milan tribunal informed lawyers that the court which had been due to hear the trial had too many cases and could not guarantee that it would do so in a reasonable period of time, three sources told Reuters on Friday. 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

How Shell hid a Whale before placing Mexican oil bet

Ron Bousso, Marianna Parraga: MARCH 2, 2018

Shell’s oil and gas reserve life – the number of years it can sustain production at its current levels – has steadily declined in recent years despite the acquisition of BG Group

LONDON/HOUSTON (Reuters) – The gasps in the audience were clearly audible at the auction of Mexico’s oil blocks a month ago as Royal Dutch Shell’s hefty bids were announced one by one.

The size of Shell’s cash payments – $343 million out of the total of $525 million that Mexico earned in the sale – far outstripped its competitors’ offers, guaranteeing that the company swept up nine of the 19 offshore blocks.

The Anglo-Dutch major knew something no one else did.

Six months earlier, its drilling rig had struck a giant oil reservoir, the Whale well, in the U.S. side of the Gulf of Mexico – just across the border from many of the Mexican blocks, which share a similar Paleogene-age geology.

Calculating that this significantly increased the chances of the Mexican blocks also containing treasure, Shell delayed the announcement of the discovery until the day of the auction, after bids had been submitted. 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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