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Oil giant Shell set to unveil record profits of more than £30bn

Oil giant Shell set to unveil record profits of more than £30bn as households and businesses grapple with sky-high energy bills

Oil giant Shell is set to unveil record profits of more than £30 billion as households and businesses grapple with sky-high energy bills.

The corporate giant is expected to say this week that annual profit more than doubled as the war in Ukraine restricted supplies from Russia, sending the price of gas and electricity rocketing.

The FTSE100 behemoth and its arch rival BP have faced mounting criticism for cashing in. BP chief executive Bernard Looney famously described his company as resembling a ‘cash machine’ because of the amount of money it has made from elevated prices.

But, since he made those comments in 2021 – three months before the invasion of Ukraine – the profits made by BP and Shell have continued to escalate rapidly. read more

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I was written off in my 40s, says outgoing Shell boss Ben van Beurden

Mail On Sunday/ ThisisMoney.co.uk

I was written off in my 40s, says outgoing Shell boss Ben van Beurden: Oil industry titan is having the last laugh

  • Ben van Beurden says his stellar career was almost derailed two decades ago 

  • He was told that he did not have what it took to get to the top

He is one of the most powerful business leaders on the planet, with a pay package of £6million in 2021.

But, in a candid admission that will strike a chord with anyone who feels their talents are overlooked at work, Shell chief executive Ben van Beurden says his stellar career was almost derailed two decades ago.

The Dutch oilman says that when he was in his 40s he was told at an assessment centre for leadership training that he did not have what it took to get to the top. read more

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Shell and BP’s plans to reduce carbon emissions will overshoot 1.5°C warming limit in the Paris Agreement by a ‘significant margin’

Daily Mail

Shell and BP’s plans to reduce carbon emissions will still overshoot the 1.5°C warming limit in the Paris Agreement by a ‘significant margin’, study warns

  • Fossil fuel firms’ projections don’t fit with Paris Agreement targets, study claims

  • Projections from the firms show ‘delayed reductions in fossil fuel consumption’ 

  • The Paris Agreement is a legally binding international treaty on climate change 

Fossil fuel companies’ plans to reduce carbon emissions will still overshoot the 1.5°C warming limit in the Paris Agreement by a ‘significant margin’, a new study warns.

Researchers have studied the ‘decarbonisation scenarios’ outlined by vast energy companies Shell, BP and Equinor. read more

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Ukraine brands Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil

Ukraine brands Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil

Ukraine’s government has branded Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil.

Officials in Kyiv said Western companies were continuing to ‘bankroll Putin’s war machine’ despite promising to cut ties with the Kremlin. read more

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Shell investors in line for £99bn windfall as oil giant’s boss announces fresh strategy for ‘energy transition’ to greener tech

Shell is to return $125bn over five years through dividends and share buybacks

That’s more than double the $52bn handed between 2011 and 2015

Energy group expects new projects will generate $35billion

Shares in Royal Dutch Shell fell despite the oil and gas giant revealing plans to return $125billion (£99billion) to shareholders over five years through dividends and share buybacks.

This is more than double the $52million (£41billion) handed to shareholders between 2011 and 2015.

Shell said it expects to pay for that with money from new projects, which it expects will generate $35billion, assuming oil remains priced at $60 per barrel. read more

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Oil fat cat Shell CEO Ben van Beurden cashes in

Ben Van Beurden’s total pay package soared by 126% last year: Last year, over a quarter of Shell’s investors voted against Mr van Beurden’s pay at the energy giant’s annual meeting

The boss of oil and gas giant Royal Dutch Shell received a 126 per cent pay rise last year.

Chief executive Ben Van Beurden pocketed over £17million, including a long-term incentive plan linked sum of £12.8million, up from £7.6million, and a £2.5million bonus.

In its latest results, the group said: ‘As a consequence of the LTIP vesting in particular, the single figure of remuneration for the CEO is significantly higher this year than in previous years.’ read more

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Firms are on course to pay a record £88.6bn in dividends

Research for The Mail on Sunday shows that even though many firms are struggling to generate extra profits, they are rewarding investors with a payouts bonanza.

Royal Dutch Shell tops the generosity league. It is set to pay dividends of more than £11 billion this year, followed by HSBC, £7.6 billion, and BP, £6 billion, in third place.

The research is likely to cause controversy, coming just days after the Archbishop of Canterbury, Justin Welby, criticised businesses for focusing on short-term profits and called for a wealth tax to create a fairer society and higher wages for working people. read more

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Shell boss Ben Van Beurden facing a shareholder revolt over his £7.8m pay packet

The boss of oil giant Shell is facing the threat of a revolt over his £7.8million pay packet.

Institutional Shareholders Services, a leading investor advisory group, is recommending that Ben van Beurden’s pay is voted down at the annual general meeting later this month.

ISS said it also wants more information about how the 60-year-old’s bonus was affected by an incident in Pakistan in 2016, when a fuel tanker operated by a Shell Pakistan contractor exploded, killing more than 200 people. read more

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Selection of Shell related news stories 16 March 2018

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Energy bosses to receive £110m reward after First Utility is bought by oil giant Shell for an estimated £240m

The three founders of an energy provider which set out to challenge the major firms are set for a stocking filler of more than £110 million this Christmas after a takeover by oil giant Shell.

First Utility was set up by entrepreneurs Darren Braham, 51, along with Mark Daeche and Marcus Citron, both 54, in 2008. The firm is now supplying gas, electricity and broadband to more than 825,000 homes.

The price paid by Anglo-Dutch Shell was not disclosed, but sources close to the deal told The Mail on Sunday it was about £240 million.

Daeche, who separated from his model wife Amanda Cronin earlier this year, is understood to own about 20 per cent of the company. Citron has a similar stake and the pair are set to receive about £48 million each. read more

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Female staff at oil giant Shell earn a FIFTH less than their male colleagues

  • Royal Dutch Shell’s gender pay gap report showed a difference of 22.2 per cent 
  • The oil giant said the gap was largely down to the lack of women in senior roles 
  • Two-thirds of the group’s employees are male and just 33 per cent are female

Female staff at Royal Dutch Shell earn more than a fifth less than their male colleagues, the oil giant has revealed.

The FTSE 100 group’s gender pay gap report showed a difference of 22.2 per cent on average for male and female employees in the UK.

But it said it was ‘confident we have equal pay’ and stressed the gap was largely down to the lack of women in senior management roles and higher-paid technical and trading jobs. read more

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A billion US dollars poured into Royal Dutch Shell

One of the two funds poured a billion US dollars into Royal Dutch Shell, the Anglo-Dutch oil and gas company. The Shell Technology Ventures Fund then invested in ‘production and exploration’ technologies, such as innovative oil rigs. The universities have faced protests from staff and students over their investments in fossil fuels in recent years.

Oxford and Cambridge Universities have made secret investments into offshore funds, it was revealed last night. read more

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Shell warns of safety risks at occupied Nigeria plant

Children paddle past an oil pipeline head near their home in the Andoni settlement on Bonny waterways, in Nigeria’s southern Rivers state on April 12, 2011

Royal Dutch Shell has raised an alarm over the continuing siege at a Nigerian facility by protesters, saying they could be putting their safety at risk.

Hundreds of protesters from the Kula and Belema communities in Nigeria’s restless southern Rivers state have occupied the plant since August 11 to press their demands for jobs and better living conditions.

“The illegal occupation of Belema Flow Station and Gas Plant in Rivers State has safety implications both for the people at the facilities and nearby communities,” the company’s Nigerian subsidiary, Shell Petroleum Development Company, said in a statement on Sunday. read more

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Protestors occupy Shell plant in Nigeria

Although Shell was forced to quit oil production in the area in 1993, the company still runs a network of pipelines criss-crossing the area

Hundreds of protesters have occupied a Nigerian oil facility owned by Anglo-Dutch oil giant Shell, demanding that a local company take over its operations, a community leader said Saturday.

“We want Shell to hand over the operations of the flow station to Belema Oil Company because it appreciates our challenges and needs,” community leader Godson Egbelekro told AFP.

Protesters from the Kula and Belema community in Nigeria’s restive southern Rivers state said the community has suffered through decades of poverty and neglect. read more

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Gunvor offers E.Guinea funding help in bid for LNG

Gunvor offers E.Guinea funding help in bid for LNG

By Oleg Vukmanovic and Wendell Roelf

LONDON/CAPE TOWN, Aug 4 (Reuters) – Gunvor has offered to help Equatorial Guinea with financing as the Swiss commodity trader looks to edge out rivals bidding for supply from Africa’s first deepwater floating liquefied natural gas (FLNG) plant.

Gunvor, Vitol and Royal Dutch Shell have been shortlisted for an LNG off-take deal from the $2 billion Fortuna project with a decision expected this month.

Industry sources say Gunvor is looking to help state-run Sonagas finance a 30 percent stake in the project in return for selecting it to export gas from it. read more

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Shell plans 400 job cuts at Dutch projects and technology department

“There will be fewer one-of-a-kind highly complex mega-projects and proportionately more simple to medium complex projects… This heralds a more ‘commoditised’ world for project delivery,” said the document, which was given to royaldutchshellplc.com, an independent website used by Shell staff, and seen by Reuters.

By Tom Bergin

LONDON, July 31 (Reuters) – Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to lower oil prices, according to an internal document seen by Reuters.

The world’s second-largest oil company by market capitalisation said in a statement responding to questions from Reuters that “approximately 400 (staff) are potentially at risk of redundancy during the last quarter of 2017/first half of 2018”. read more

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Shell sees oil demand peaking by late 2020s as electric car sales grow

By Ron Bousso and Karolin Schaps

LONDON, July 27 (Reuters) – The world’s oil consumption could peak as early as the end of the next decade as electric vehicles become more popular, Royal Dutch Shell Chief Executive Ben van Beurden said on Thursday.

The prospect of a decline in oil consumption after more than a century of growth as the world switches to burning cleaner fuels is gathering pace. On Wednesday Britain announced plans to ban diesel and gasoline vehicles by 2040, following a similar move by France. read more

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Shell removes Malaysian woman cutouts over groping pics

Shell removes Malaysian woman cutouts over groping pics

Images of men kissing and groping the cardboard cutouts have been circulating online

Energy giant Shell said it is removing life-sized cutouts of a Malaysian woman in a headscarf from its petrol stations in the Muslim-majority country after photos of men groping the figure started circulating online.

The adverts featuring a female employee, wearing a red T-shirt with a Shell logo, black trousers and a black headscarf, smiling and with her thumb raised in the air, had been placed at Royal Dutch Shell’s stations in Malaysia.

But images of men kissing the cardboard cutouts, holding her hand and grabbing her chest and crotch started circulating on Facebook in recent days, in what Shell blasted as “distasteful and suggestive acts”. read more

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Nigerian widows seek to sue Shell in Dutch courts

Shell was alleged to have helped in the arrest of Nigerian men who had sought to peacefully disrupt oil development in the region because of health and environmental impacts

Four Nigerian women are taking legal action in the Dutch courts against Anglo-Dutch oil giant Shell accusing it of complicity in the 1990s executions of their husbands by the Nigerian military, Amnesty International said Thursday.

The civil case has been brought by Esther Kiobel, the widow of Barinem Kiobel, who was hanged in 1995 along with writer and campaigner Ken Saro-Wiwa and seven others. Three other widows are also joining the action in The Hague.

A writ was set to be placed before a civil court in The Hague on Thursday alleging that Shell was complicit “in the unlawful arrest, detention and execution of nine men who were hanged by Nigeria’s military government in the 1990s,” Amnesty said in a statement. read more

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Shell, ConocoPhillips oil sands share selloff risks flooding market

By Nia Williams

CALGARY, Alberta, May 24 (Reuters) – Canadian equity markets risk being swamped with oil sands company shares this year as Royal Dutch Shell and ConocoPhillips prepare to offload C$6.8 billion ($5.1 billion) worth of stakes in two domestic producers, just months after acquiring them.

The two firms acquired shares in Canadian Natural Resources Ltd and Cenovus Energy as part of deals struck earlier this year to sell off oil sands assets.

Sources told Reuters on Tuesday that Shell has decided to sell its C$4.1 billion stake in CNRL while ConocoPhillips has said it is not a long term investor in Cenovus. read more

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Shell to sell C$4.1 billion stake in Canadian Natural -sources

Shell to sell C$4.1 billion stake in Canadian Natural -sources

By John Tilak and David French: 23 May 2017

TORONTO/NEW YORK, May 23 (Reuters) – Royal Dutch Shell Plc has decided to offload a roughly C$4.1 billion ($3 billion) stake in Canadian Natural Resources Ltd (CNRL) that it acquired as part of a deal to retreat from Canada’s oil sands earlier this year, people familiar with the situation told Reuters.

Shell has been interviewing investment banks to hire a financial adviser for the share sale, four people said in the past week, declining to be named as the discussions are confidential. read more

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Shell rocked by corruption claims after negotiating with money launderer during £1bn Nigerian oil field purchase


Current chief executive Ben Van Beurden has also been caught up in the investigation. He was not in position when the deal was complete, but after Shell’s Hague offices were raided in February last year, Dutch authorities wire-tapped a call between Van Beurden and then chief financial officer Simon Henry in which Van Beurden allegedly urged Henry not to disclose the raid to shareholders.

Wiretap: After Shell’s headquarters in the Hague were raided in February last year, ceo  Ben Van Beurden urged chief financial officer Simon Henry not to disclose the raid to shareholders

By Sabah Meddings For The Daily Mail

Shell was last night accused of taking part in ‘one of the worst corruption scandals the industry has ever seen’ after buying an oil field in Nigeria.

The Anglo-Dutch giant joined forces with Italian rival Eni to acquire the site off the coast of the West African country for £1billion – giving it access to 9bn barrels of oil, worth nearly half a trillion dollars at today’s prices. But leaked documents suggest it knew much of this cash would fall into the hands of a convicted money launderer and be used to bribe government officials. read more

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Watchdogs allege Shell knew about Nigeria oil kickbacks

Corruption watchdogs alleged Monday that Shell executives knew that money earmarked for a controversial oil deal was being used to bribe senior Nigerian officials, a claim rebuffed by the petroleum giant.

The allegations by Global Witness and Finance Uncovered refer to the 2011 purchase by oil giants Shell and Eni of OPL245, an offshore oil block estimated to hold 9 billion barrels of crude, for $1.3 billion.

The deal saw the Nigerian government act as an intermediary between the oil majors and Malabu Oil and Gas, a Nigerian company allegedly controlled by former petroleum minister Dan Etete. read more

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Royal Dutch Shell strikes deal to offload its Hong Kong LPG business as $30bn sell-off programme rolls on

By Alex Sebastian For This Is Money10:59, 5 April 2017

Royal Dutch Shell has announced a deal to sell its liquefied petroleum gas business in Hong Kong and Macau to DCC Energy for $150.3million as it continues its $30billion asset sales programme.

The Anglo-Dutch oil major has been active in the two locations for close to 60 years and supplies services which help meet the needs of over 100,000 households. The business will continue to operate under the Shell brand.

Shares in Shell responded positively to the news, climbing 1.3 per cent to 2,127p Wednesday.  read more

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Shell shuts Bonny Light oil export line to remove theft points

By ReutersPUBLISHED: 12:13, 31 March 2017 | UPDATED: 13:58, 31 March 2017

LONDON, March 31 (Reuters) – The Nigerian subsidiary of Royal Dutch Shell Plc said it had shut down the Nembe Creek Trunk Line, which exports Bonny Light crude oil, in order to remove theft points.

The managing director of Shell Petroleum Development Company (SPDC) said the company was working to “remove a significant number of oil theft connections and repair any leaks on the pipeline.”

The line, operated by Aiteo, is one of two along with the Trans Niger Pipeline that carries Bonny Light crude oil to the export terminal. Exports of roughly 232,000 barrels per day (bpd) were planned in April, according to loading programmes, but it was not immediately clear how much of this would be impacted by the pipeline shutdown. read more

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Shell plans to double Hazira LNG plant capacity – India head

By REUTERSPUBLISHED: 13:13, 31 March 2017

By Arathy S Nair and Tanvi Mehta

March 31 (Reuters) – Royal Dutch Shell Plc plans to double the capacity of its liquefied natural gas import facility at Hazira on India’s west coast to 10 million tonnes a year, a top company executive said on Friday.

Shell Gas B.V, a unit of Royal Dutch Shell Plc, owns a 74 percent stake in Hazira LNG Ltd, while Total Gaz Electricite France, a unit of France’s Total SA, holds the rest.

“We’ve done all the work, now it’s sort of taking a look at when is the right timing in terms of demand that’s available,” Nitin Prasad, chairman of Shell Companies in India, told Reuters, without giving a timeline for the expansion. read more

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Shell and Anadarko mull clean break from Permian venture -executive

By REUTERSPUBLISHED: 06:03, 27 March 2017

By Ron Bousso and Ernest Scheyder

LONDON/HOUSTON, March 27 (Reuters) – Royal Dutch Shell Plc and Anadarko Petroleum Corp may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive.

The divorce and re-parceling of acreage would let each company drill and develop new wells at its own pace in the Permian, which has become the U.S. oil industry’s hottest development area for its low operating costs as crude prices hover under $50 per barrel. read more

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Shell sells onshore Gabon oil assets to Carlyle for $587 mln

By REUTERSPUBLISHED: 10:08, 24 March 2017

By Ron Bousso

LONDON, March 24 (Reuters) – Carlyle Group has bought Royal Dutch Shell’s onshore assets in Gabon for $587 million as the world’s largest private equity fund expands in the global oil and gas sector.

For Shell, the deal marks a further step in a $30 billion asset disposal programme to help cut debt after its $54 billion acquisition of BG Group last year. The Anglo-Dutch oil company has sold assets for more than $15 billion since 2016. read more

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Would you bet on a rapid rise in the oil price?

By Holly Black for the Daily Mail: PUBLISHED: 21:51, 17 March 2017 

Oil stocks took a knock this week as the price of the black stuff slipped to its lowest level since November.

Despite an agreement to cut production by 1.2m barrels a day by the oil cartel Opec being widely adhered to, supply is still outpacing demand.

Now some experts are concerned the deal could be derailed by a surge in the US, where a 55 per cent year-on-year jump in active rigs has driven production levels to record highs.  read more

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Nigerian court overturns seizure of oilfield from Shell and Eni

Nigerian court overturns seizure of oilfield from Shell and Eni

By ReutersPUBLISHED: 09:48, 17 March 2017 | UPDATED: 10:18, 17 March 2017

ABUJA, March 17 (Reuters) – A Nigerian court on Friday overturned a request by Nigeria’s financial crimes agency to seize an oilfield from Royal Dutch Shell and Eni.

In January, a court had ordered the seizure of the OPL 245 oil block and transfer of operations to the federal government on the request of the Economic and Financial Crimes Commission (EFCC).

Oil companies Shell and Eni had filed motions to dispute this. read more

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Nigeria charges oil majors Shell, Eni with corruption

By AFPPUBLISHED: 22:33, 2 March 2017 

Nigeria’s anti-graft agency on Thursday filed corruption charges against oil majors Shell and Eni over a $1.3 billion offshore block deal.

The Economic and Financial Crimes Commission (EFCC) accused 11 defendants of “official corruption”, according to court documents.

Shell, Eni and Agip, Eni’s Nigerian subsidiary, are alleged to have corruptly given the “aggregate sum of $801 million” to Nigerian businessmen and politicians.

This is the latest probe into the controversial 2011 oil deal that highlights endemic corruption within the sector. read more

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UK court to rule if Nigeria Shell claims can proceed

By AFP PUBLISHED: 04:02, 26 January 2017

More than 40,000 Nigerians will on Thursday discover if London’s High Court can rule on their pollution claims against Anglo-Dutch oil giant Shell over spills in the Niger Delta.

Lawyers for the claimants are demanding action from Shell to clean up spills that have devastated their communities for decades, but the multinational argues that the claims should be heard in Nigeria.

The firm’s lawyer Peter Goldsmith told judge Peter Fraser during a hearing in November that the cases concerned “fundamentally Nigerian issues”, and shouldn’t be heard in London. read more

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Jennifer Hudson hit with abuse from cruel trolls telling her to ‘kill herself’ after appearing in music video campaign for Shell

Victimised: Jennifer Hudson has faced abuse from cruel trolls after appearing in a music video campaign for Shell

By Julia Pritchard for MailOnline

PUBLISHED: 13:05, 8 January 2017 | UPDATED: 13:24, 8 January 2017

Jennifer Hudson has faced abuse from cruel trolls after appearing in a music video campaign for Shell. 

The singer, 35, performs a song called Best Day Of My Life alongside Pixie Lott and four other musicians, in order to promote the brand’s support of clean energy.

However the Daily Star reports that the new judge of The Voice UK has been attacked by environmentalists for participating in the Make The Future campaign – with one particularly abusive user even telling her to kill herself. read more

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Nigerian lawsuit revives billion-dollar oil scandal

Nigerian lawsuit revives billion-dollar oil scandal

By Associated Press21 December 2016

LAGOS, Nigeria (AP) — Nigeria’s anti-corruption agency is reviving a five-year-old scandal involving one of Africa’s richest oil blocs, in which a former petroleum minister and his allies allegedly made $1.1 billion dollars and the state oil company $210 million.

The Economic and Financial Crimes Commission filed suit Tuesday in the federal high court charging former petroleum minister Dan Etete, former justice minister Mohammed Bello Adoke and businessman Aliyu Abubakar with fraud and money laundering of hundreds of millions of dollars in the sale of the bloc. The money came from a Nigerian escrow account at the London branch of JPMorgan Chase, according to the court document. read more

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Shell boss Simon Henry cashed in £1m days before he suddenly resigned

Shell boss Simon Henry 

IMAGES FROM DAILY MAIL ARTICLES PUBLISHED FRIDAY 16 DECEMBER 2016.

ALSO PUBLISHED BY THE DAILY MAIL ON THE SAME DATE

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Shell finance boss tipped to take over the top job cashed in stock worth £1m days before he suddenly quit

By Rachel Millard For The Daily Mail: 21:58, 15 December 2016 

A finance boss at Royal Dutch Shell who was tipped to take over the top job has suddenly left – just days after he sold stock worth £1million.

Credited with leading the firm’s £41billion takeover of oil and gas group BG last year, Simon Henry was a key lieutenant of chief executive Ben van Beurden.

But the 55-year-old’s departure was announced yesterday to the shock of the markets. Relatively unknown internal finance executive Jessica Uhl has been appointed in his place.

It emerged Henry sold more than £1million of shares on December 1, within 24 hours of the historic Opec deal to cut production that then sent the price of oil soaring. read more

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The Nigerian King and a very brazen bid to squeeze millions out of Shell over pollution

By Rachel Millard For The Daily Mail7 December 2016 

Residents of the communities in south-east Nigeria remember clearly the day oil giant Shell first arrived in the 1950s.

Children could hear the rumble of the trucks from a distance, so they’d wave at the drivers as they passed.

It still happened when King Emere Godwin Bebe Okpabi, community leader of the Ogale community in Ogoniland, was growing up in the 1960s.

The region, largely marshland and swamps, was poor but the British firm, with its modern technology and skilled engineers, seemed to represent a new era of prosperity.  read more

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Shell seeks to block Nigeria pollution claims in London court

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By AFPPUBLISHED: 18:20, 22 November 2016

Anglo-Dutch oil giant Shell on Tuesday urged a High Court judge in Britain to block pollution claims brought against it by more than 40,000 Nigerians, demanding the case be heard in Nigeria instead.

Lawyers for the claimants are demanding action from Shell to clean up oil spills that have devastated their Niger Delta communities for decades.

But Royal Dutch Shell lawyer Peter Goldsmith told High Court of England and Wales judge Peter Fraser that the cases concerned “fundamentally Nigerian issues”, and shouldn’t be heard in London. read more

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Nigerian farmers, fishermen sue Shell in UK over pollution

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screen-shot-2016-11-08-at-20-51-26By ASSOCIATED PRESS22 November 2016 

LONDON (AP) — Emere Godwin Bebe Okpabi, leader of Nigeria’s Ogale people, unpacked four bottles of water from his homeland and lined them up on a table to show why his subjects are suing Royal Dutch Shell in a London court.

The Nigerian water is contaminated with oil and cancer-causing compounds such as benzene. It’s what his people drink every day.

Britain’s High Court will begin hearing lawsuits on Tuesday filed by the Ogale and Bille people alleging that decades of oil spills have fouled the water and destroyed the lives of thousands of fishermen and farmers in the Niger River Delta, where a Shell subsidiary has operated since the 1950s. They brought their fight to Shell’s home base because they say the Nigerian courts are too corrupt. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell case may launch wave of lawsuits

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By Emily Gosden, energy editor: 19 NOVEMBER 2016 

Royal Dutch Shell is facing a High Court battle over alleged environmental damage from its oil pipelines in Nigeria, in a test case that could open the floodgates to more multinationals being sued in London courts.

The oil giant and its subsidiary, the Shell Petroleum Development Company of Nigeria (SPDC), are both being sued by two Nigerian communities, who are seeking about £100m in compensation after suffering repeated oil spills they claim came from SPDC pipelines in the Niger Delta. read more

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Oil stand-off threatens dividends at BP and Shell amid fears that a deal to prop up prices is about to collapse

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By SABAH MEDDINGS FOR THE DAILY MAILPUBLISHED: 23:34, 1 November 2016 | UPDATED: 23:34, 1 November 2016

Dividends at BP and Shell are set to come under threat as fears grow that a deal to prop up oil prices is about to collapse.

The two oil giants yesterday reported better-than-expected results – and gave a boost to their millions of small shareholders by protecting payouts.

But they have only been able to keep their dividends after slashing billions of pounds in costs following a collapse in the oil price from $112 a barrel in 2014 to less than $30. read more

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Royal Dutch Shell says 3Q earnings rose 18 percent

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By ASSOCIATED PRESS: 1 November 2016 

LONDON (AP) — Royal Dutch Shell says third-quarter earnings rose 18 percent, boosted by increased production after the acquisition of BG Group.

The company said Tuesday that profit adjusted for one-time items and the fluctuating value of inventories rose to $2.79 billion from $2.38 billion in the same period last year.

Gains from increased production more than offset falling oil prices. Oil and gas production rose 25 percent to the equivalent of 3.6 million barrels of oil a day. That includes 806,000 barrels a day from BG assets. read more

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Dutch government confirms cut in Groningen gas output

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Screen Shot 2016-09-01 at 08.40.08By REUTERSPUBLISHED: 23 September 2016

AMSTERDAM, Sept 23 (Reuters) – Gas extraction from the northern Groningen gas field will be held at 24 billion cubic metres per year for the coming five years, Dutch Prime Minister Mark Rutte said on Friday.

The decision made on Friday by Rutte’s government cemented a preliminary plan to cut output to minimise the risk of earthquakes resulting from production at Groningen, which once supplied 10 percent of the gas used in the European Union. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell and BP have lost billions – now the low price of crude is hurting other firms too

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By LAURA CHESTERS FOR THE DAILY MAIL19 September 2016

Oil is slowly climbing back to $50 a barrel as a deal between Saudi Arabia and Russia and an agreement on production in Venezuela helped to stabilise prices.

The production agreements could finally give some assurances to dozens of companies who have suffered since crude slumped from $114 a barrel in 2014 to $28 early this year.

Oil supermajors such as BP and Shell have been high-profile casualties, losing billions in profits.

They’ve written off billions of pounds and have had to slash tens of thousands of jobs as they change their businesses to cope with the reduced profits. read more

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Argentina energy minister asked to sell stock in Shell

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screen-shot-2016-09-09-at-20-58-10By ASSOCIATED PRESSPUBLISHED: 20:54, 12 September 2016 

BUENOS AIRES, Argentina (AP) — Argentina’s anti-corruption office is asking the country’s energy minister to sell his stock in Royal Dutch Shell, where he was an executive of the local branch.

Juan Jose Aranguren became energy minister in December. He has faced growing criticism for continuing to own a reported $1.1 million in Shell’s class A shares.

The head of Argentina’s anti-corruption office said Monday that Aranguren should get rid of his stock or set up a blind trust to handle his finances. read more

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Militants bomb Shell oil pipeline in Nigeria: locals

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Screen Shot 2016-07-29 at 16.46.22By AFPPUBLISHED: 22:14, 31 July 2016

Nigerian militants on Sunday blew up a crude pipeline operated by Anglo-Dutch oil giant Shell in the restive oil-producing south, residents said.

“The incident occurred at about 1:00 am near Odimodi community in Delta State with the velocity of the blast shaking apartments in the community amidst a huge ball of fire,” said local resident Endoro Newworld.

“The trunk line known as Trans Ramos belongs to the Shell Petroleum Development Company (SPDC), he said. read more

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Shell misses expectations with 70 percent earnings plunge

Screen Shot 2016-07-28 at 08.37.58By REUTERS: PUBLISHED: 08:16, 28 July 2016

By Karolin Schaps and Dmitry Zhdannikov

LONDON, July 28 (Reuters) – Royal Dutch Shell reported a more than 70 percent fall in quarterly profit on Thursday, well below analyst estimates, blaming weak oil prices, poor refining profits and higher charges resulting from its $54 billion acquisition of BG Group.

Shell’s current cost of supplies — its definition of net income — came to $1 billion in the second quarter, compared with analyst expectations of $2.2 billion and $3.8 billion achieved the same time last year. read more

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Shell takes sacked UK workers overseas service tax breaks

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Royal Dutch Shell has changed its redundancy terms so it can claim tax refunds that some UK workers would otherwise have been able to claim on redundancy payments, internal documents seen by Reuters show. Copies of one presentation have been published on Shell protest site: http://royaldutchshellgroup.com/

By REUTERS: PUBLISHED: 17:30, 8 July 2016

By Tom Bergin

LONDON, July 7 (Reuters) – Royal Dutch Shell has changed its redundancy terms so it can claim tax refunds that some UK workers would otherwise have been able to claim on redundancy payments, internal documents seen by Reuters show.

The move comes as the Hague-based oil giant is slashing 5,000 jobs this year following the collapse in oil prices and its merger with smaller UK rival BG Group.

The UK government allows employees who have worked part of their career overseas to reclaim some, or in some cases all, of the tax due on severance payments. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Questions raised over impartiality of Shell’s auditor as it emerges they also worked for takeover rival BG Group

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Screen Shot 2016-05-21 at 10.18.28By LAURA CHESTERS FOR THE DAILY MAILPUBLISHED: 22:53, 24 May 2016

Royal Dutch Shell is facing allegations that the firm which signs off its accounts is not impartial.

A leading investor yesterday raised concerns that EY, which has been appointed as auditor of the oil supermajor, had a conflict of interest because it had checked the books of BG Group ahead of its £36billion merger with Shell.

Standard Life, which raised the objection, said it had it had already voiced concerns about conflicts of interest at the Shell annual general meeting last year and said that it voted against the appointment this year and was ‘disappointed’ with Shell’s decision to select EY. read more

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Shell CEO warns renewables shift could spell end if too swift

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By REUTERSPUBLISHED: 15:23, 24 May 2016

By Ron Bousso

THE HAGUE, May 24 (Reuters) – Royal Dutch Shell cannot switch too quickly to producing renewable energy without risking its dividend payments and even its very existence, the oil and gas group’s chief executive warned.

Major investors, including Dutch pension fund PGGM, have criticised Shell’s climate change policy in recent months, saying it should do more to mitigate climate change risks.

However, 97 percent of Shell shareholders at its annual meeting on Tuesday rejected a resolution to invest profits from fossil fuels to become a renewable energy company. The Anglo-Dutch firm had previously said it was against the proposal. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.