Feb 22nd, 2022
by John Donovan.
CITYA.M.
JP Morgan under fire for dubious $1.3bn Nigeria oil deal
LILY RUSSELL-JONES: 20 Feb 2022
A bitter legal dispute between the Nigerian state and banking giant JP Morgan is due to be heard in the UK’s High Court this week.
JP Morgan is being sued by the Nigerian government over allegations it negligently allowed corrupt officials to pilfer more than three quarters of a $1.3bn oil investment, the Telegraph first reported. Court filings reportedly state that JP Morgan should have been aware that the transactions it was asked to perform, transferring hundreds of millions of dollars to foreign bank accounts controlled by Nigerian oil minister Dan Etete, were potentially fraudulent. read more
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Feb 20th, 2022
by John Donovan.
REUTERS
U.N. pact may restrict plastic production. Big Oil aims to stop it
By John Geddie, Valerie Volcovici and Joe Brock: Fri., February 18, 2022
A global explosion of disposable plastic, which is made from oil and gas, is increasing carbon emissions, despoiling the world’s oceans, harming wildlife and contaminating the food chain. More than 50 countries, including all 27 members of the European Union, are calling for the pact to include measures targeting plastic production.
That’s a problem for big oil and chemical companies. The industry is projected to double plastic output worldwide within two decades. read more
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Feb 9th, 2022
by John Donovan.

February 9, 2022
OFFSHORE TECHNOLOGY
Shell’s QGC JV plans for new gas drilling phase in Australia
Shell has announced that its Queensland Gas Co. (QGC) joint venture (JV) plans to enter a new drilling phase for natural gas, onshore Queensland, Australia.
The work will be carried out together with JV partners China National Offshore Oil Corporation (CNOOC), and Japan’s Tokyo Gas. Shell is the operator and holds a majority interest in the QGC venture.
Between 2022 and 2024, the QGC will drill approximately 145 new gas wells in the Western Downs region of Queensland. read more
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Feb 7th, 2022
by John Donovan.
Aju Business Daily
Shell joins maritime SOFC development project with Doosan Fuel Cell and Hyundai shipbuilding group
Lim Chang-won Reporter([email protected]) | Posted : Febuary 7, 2022, 15:02 | Updated : Febuary 7, 2022, 15:02
SEOUL — Shell, a global energy and petrochemical group, teamed up with Doosan Fuel Cell and South Korea’s Hyundai shipbuilding group to develop a solid oxide fuel cell system for commercial use by ships in 2025. For optimization, the tripartite consortium aims to test a 600-kilowatt system as an auxiliary power unit on actual trade routes for more than a year. read more
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Feb 4th, 2022
by John Donovan.
The Guardian
New calls for windfall tax as Shell unveils highest quarterly profit in eight years
Jillian Ambrose and agency: Thu 3 Feb 2022 12.13 GMT
Shell has cashed in on rocketing oil and gas markets by quadrupling its profits to historic highs, fuelling fresh calls for a windfall tax on fossil fuel giants to help hard-pressed households cope with record energy bills.
The UK’s Labour party has called for the government to fund measures to help British households weather the cost of living crisis by imposing a windfall tax on North Sea oil and gas producers. read more
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Feb 3rd, 2022
by John Donovan.
S&P Global/Platts
Shell delays expansion work at Nigeria’s Bonga oil field by two years: sources
Shell has delayed expansion work at its Nigerian offshore Bonga field by another two years, dealing a major blow to the West African country’s quest to grow its crude production after a series of technical and operational setbacks, sources close to the project said Feb. 2.
t was only in May 2021 that Shell, along with its partners, signed a deal with state oil company Nigerian National Petroleum Company Ltd (NNPC) in the deepwater oil block Oil Mining Lease 118, clearing the path to a major expansion of the country’s Bonga oil and gas field. read more
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Feb 3rd, 2022
by John Donovan.
London Evening Standard
Shell to hand £6bn to shareholders as oil and gas prices soar
The business said profits have risen dramatically in the last few months.
It has been a bumper three months for energy giant Shell, which managed to increase its profits nearly fourteen-fold amid soaring oil and gas prices.
As prices surged, the company’s upstream unit was able to collect 8.88 dollars for every thousand cubic feet of gas it sold to customers over the last quarter of 2021.
Just six months earlier gas had been selling for 4.31 dollars, less than half of its most recent level. read more
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Feb 3rd, 2022
by John Donovan.
OILPRICE.COM
Shell Is Betting Big On Namibia’s Oil Boom
By Tom Kool – Feb 02, 2022, 6:30 PM CST
While all recent oil exploration attention has been on Exxon’s (NYSE:XOM) massive string of discoveries in Guyana, another giant player and a junior explorer are shifting to focus toward what may be the next up-and-coming oil hotspot …
It’s Namibia–a country that’s never produced a barrel of oil.
We don’t hear much about new oil discoveries these days. Onshore discoveries are almost unheard of because nearly everything except the African final frontier has been explored. Offshore discoveries are few and far between. read more
shellplc.website and its sister non-profit websites
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