Royal Dutch Shell News 15 Oct 2014
By John Donovan
WHISTLEBLOWER ALLEGES ROYAL DUTCH SHELL TAX EVASION IN NIGERIA
A former manager of Shell Production Development Company in Nigeria has accused Shell of massive tax evasion. He also alleges that the Nigeria Economic and Financial Crimes Commission demanded a bribe from him as part of a related cover-up plan for Shell. The whistleblower also claims that his safety is in jeopardy. All strangely reminiscent of allegations surrounding the Corrib gas project in Ireland. MORE INFORMATION HERE.
SHELL FIRE SALE OF NIGERIAN ASSETS
A consortium led by Aiteo Group has won the auction for Shell oil block OML 29 in Nigeria, with a bid of N434b. The total cost of the acquisition is said to be $2.7 billion, allowing for working capital. MORE INFORMATION
FRACKING IN THE USA
According to an article by Geoffrey Lean in The Telegraph, Marvin Odum, the Chairman of Shell Oil, is concerned that anti-fracking campaigners may try to outlaw the technology. Opposition to fracking is said to be mounting in Texas and may spread, possibly having a negative impact on the shale gas boom. MORE INFORMATION
OIL PRICES
Ever since Ben van Beurden went out on a limb with his forecast that oil prices would stabilise, oil prices have actually fallen and are continuing to drop.
A BIG BOOST FOR ELECTRIC CARS – INFORMATION FROM A REGULAR CONTRIBUTOR
It seems that every few days a new ‘breakthrough’ announcement is made. Today it is about lithium ion batteries (see links). If true the electric car will get a big boost. By the way, the electric-hybrid cars are now selling at a rate of about 500,000 per year in the US. Toyota’s Prius dominates. There are about 10 million of them now on the road in the US. They are definitely here to stay, and this latest announcement, if true, will ensure that is the case.
Li-Ion Battery Breakthrough Recharges Battery 70% In 120 Seconds: From Coolest Gadget Reviews
Really? Breakthrough said to be the “next big thing” in battery …: From Smart Grid News
New batteries charge 70 percent in 2 minutes: From In-Depth-CNET
Breakthrough batteries recharge 70 hper cent in 2 minutes, last 20 …: From In-Depth-CTV News
ARCHIVE ARTICLES ABOUT SHELL TAX EVASION ISSUES
Shell India to challenge tax evasion order: 4 Feb 2013
Shell’s disastrous tax dodge: 23 March 2014 (In Alaska)
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Bootlicker: Shell’s Ben van Beurden bows to Putin on Good Friday, 18 April 2014, weeks after Russia had invaded and annexed Crimea
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