BP and Shell exposed as US prepares first warning shot against Russia’s oil and gas industry
Firms may be forced to curtail operations as G7
powers prepare to launch new sanctions
Extract from an article byAmbrose Evans-Pritchard published1:28PM BST 27 Apr 2014 by The Telegraph
Britain’s top energy companies face an extremely delicate situation as the world’s G7 powers prepare to launch the next wave of sanctions against Russia, and may be forced to curtail operations or freeze certain commercial ties with the country. The US, Japan, Germany, Britain, France, Italy and Canada have agreed to “intensify targeted sanctions to increase the costs of Russia’s actions” – possibly as soon as Monday… The G7 is for now holding back Iranian-style “stage 3″ sanctions against the whole Russian banking system, mining industry, or the oil and gas nexus. This nuclear option… Both BP and Shell said they remain committed to their long-term investments in Russia but are monitoring the situation closely.
Britain’s top energy companies face an extremely delicate situation as the world’s G7 powers prepare to launch the next wave of sanctions against Russia, and may be forced to curtail operations or freeze certain commercial ties with the country. The US, Japan, Germany, Britain, France, Italy and Canada have agreed to “intensify targeted sanctions to increase the costs of Russia’s actions” – possibly as soon as Monday… The G7 is for now holding back Iranian-style “stage 3″ sanctions against the whole Russian banking system, mining industry, or the oil and gas nexus. This nuclear option… Both BP and Shell said they remain committed to their long-term investments in Russia but are monitoring the situation closely.
RELATED: New York Times: 27 April 2014:
Sanctions Revive Search for Secret Putin Fortune
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Shell, the Brunei Royal Family and Sharia Law
His Majesty the Sultan of Brunei meeting Malcolm (TFA) Brinded, Shell’s then Executive Director, Upstream International
By John Donovan
There may be some relief by Muslim employees of Shell Brunei at the news that “Brunei has postponed the introduction of tough Islamic criminal punishments that were due to begin on Tuesday.”
Fortunately for Shell, the Sharia code appears vague on the subject of corruption.
Shell enjoys a so called symbiotic relationship with the scandal-tainted Brunei Royal family.
The oil giant gave a $500,000 gift for a lavish Brunei royal wedding in September 2004.
The Sultan must have been short of readies.
Many would view such a large sum as a bribe.
The Sultan is worth an estimated $20 billion and lives in an 1,800-room palace.
Wonder where he got all that loot.
Wonder if his wife is called a sultana?
His latest wife – his third if I have kept count accurately – is 33 years his junior.
Wonder how long it will be before she is worn out and he has his hand out again for the next wedding?
Ironic that the strongest supporters of Sharia law, such as the Saudi regime (also in bed with Shell), happen to be the biggest sinners?
I would not want Shell executives (or anyone else) to have their limbs cut off in any event for handing over bribes.
If such a law existed in regards to the controversial Corrib Gas project in Ireland, a large number of Shell executives would be at risk.
His Majesty the Sultan of Brunei meeting Malcolm (TFA) Brinded, Shell’s then Executive Director, Upstream International
By John Donovan
There may be some relief by Muslim employees of Shell Brunei at the news that “Brunei has postponed the introduction of tough Islamic criminal punishments that were due to begin on Tuesday.”
Fortunately for Shell, the Sharia code appears vague on the subject of corruption.
Shell enjoys a so called symbiotic relationship with the scandal-tainted Brunei Royal family.
The oil giant gave a $500,000 gift for a lavish Brunei royal wedding in September 2004.
The Sultan must have been short of readies.
Many would view such a large sum as a bribe.
The Sultan is worth an estimated $20 billion and lives in an 1,800-room palace.
Wonder where he got all that loot.
Wonder if his wife is called a sultana?
His latest wife – his third if I have kept count accurately – is 33 years his junior.
Wonder how long it will be before she is worn out and he has his hand out again for the next wedding?
Ironic that the strongest supporters of Sharia law, such as the Saudi regime (also in bed with Shell), happen to be the biggest sinners?
I would not want Shell executives (or anyone else) to have their limbs cut off in any event for handing over bribes.
If such a law existed in regards to the controversial Corrib Gas project in Ireland, a large number of Shell executives would be at risk.
ARTICLES ABOUT THE $5 MILLION BRUNEI ROYAL WEDDING
The $5m royal wedding: “…sponsored by local companies, including the oil and gas firms Brunei Shell…”: The Independent 10 September 2004
Shell Rewards Employees (*Bribes and scandal in Brunei?):Brudirect.com
Will the Prince Turn Pauper? (*$500,000 Shell bribe was given to this corrupt family): Wall Street Journal article published March 2008
Brunei Shell contributes $500,000 for royal wedding ceremonies:Brunei-online.com: August 2004
The $5m royal wedding: “…sponsored by local companies, including the oil and gas firms Brunei Shell…”: The Independent 10 September 2004
Shell Rewards Employees (*Bribes and scandal in Brunei?):Brudirect.com
Will the Prince Turn Pauper? (*$500,000 Shell bribe was given to this corrupt family): Wall Street Journal article published March 2008
Brunei Shell contributes $500,000 for royal wedding ceremonies:Brunei-online.com: August 2004
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Oil giant Royal Dutch Shell to see profits slump by 38 per cent
Extract from a Sunday Express article by: Helen Massy-Beresford published
Royal Dutch Shell is expected to report that its profits have slumped 38 per cent year on year to $4.6 billion (£2.7 billion), when it unveils its first-quarter results on Wednesday. As part of his turnaround plans van Beurden has pledged to improve cash flow and cut costs.
Alaskan Drilling: What could happen to Royal Dutch Shell in the USA
…nothing has been as drastic as the company’s change in attitude toward the process it helped set up in 2012 to settle hundreds of thousands of economic damage claims. In full-page newspaper ads, interviews and a gusher of court filings, BP officials have insisted that their good intentions are being hijacked by greedy lawyers and underhanded claimants.
Extracts from a New York Times article by How a Gulf Settlement That BP Once Hailed Became Its Target”
NEW ORLEANS — Four years ago the Deepwater Horizon oil rig caught fire and exploded, killing 11 men, spewing millions of barrels of oil into the Gulf of Mexico and staining, seemingly indelibly, the image of BP… Its reputation in free fall, the company set aside billions of dollars and saturated the airwaves with contrite pledges to make thousands of businesses and workers whole… nothing has been as drastic as the company’s change in attitude toward the process it helped set up in 2012 to settle hundreds of thousands of economic damage claims. In full-page newspaper ads, interviews and a gusher of court filings, BP officials have insisted that their good intentions are being hijacked by greedy lawyers and underhanded claimants.
The TRUTH will set you FREE.
