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Posts on ‘February 21st, 2019’

Exclusive: Nigeria hits oil majors with billions in back taxes

FILE PHOTO: A view shows the Bonny oil terminal in the Niger delta which is operated by Royal Dutch Shell in Port Harcourt, Nigeria August 1, 2018. REUTERS/Ron Bousso/File Photo

RON BOUSSO: FEBRUARY 21, 2019

LONDON (Reuters) – Nigeria has ordered foreign oil and gas companies to pay nearly $20 billion in taxes it says are owed to local states, industry and government sources said, in a move that could deter investment in Africa’s largest economy.

In a letter sent to the companies earlier this year via a debt-collection arm of the government, Nigerian National Petroleum Corp (NNPC) cited what it called outstanding royalties and taxes for oil and gas production. 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

The crooks at USB Bank and Royal Dutch Shell

Former Shell CEO Peter Voser is an unlucky man. He had the incredible misfortune to be in charge of the bad guys at both corporate giants, Shell and UBS Bank simultaneously, while presumably being personally innocent of any criminal acts? What are the chances of that happening? The question of managerial negligence, twice-over, must surely be another matter?

By John Donovan

Printed below is an article published yesterday by BBC News reporting that the “Swiss banking giant UBS has been fined €3.7bn (£3.2bn; $4.2bn) in a French tax fraud case.”

The article goes on to say that “Following similar cases in the US in 2009 and Germany in 2014, the bank accepted large fines.”

During the period of criminal activity the then Chief Executive Officer of Royal Dutch Shell Plc – Peter Voser – was paid millions of Swiss francs in his role as a director of UBS AG. He was also a member of the governance and nominating committee and of the strategy committee. 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, PetroChina spat holds up biggest Australian coal seam gas project

Sonali Paul, Chen Aizhu: February 21 2019

MELBOURNE/SINGAPORE (Reuters) – Royal Dutch Shell and PetroChina are at loggerheads over gas sales pricing at their Arrow Energy joint venture, holding up development of Australia’s biggest coal seam gas resource, three industry sources said.

PetroChina, the listed arm of China National Petroleum Corp (CNPC), is eager to start developing Arrow’s 5 trillion cubic feet (140 billion cubic meters) of gas in the Surat Basin in Queensland to turn around loss-making Arrow Energy, one of its key overseas assets. 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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