Nigerian auditors find NNPC failed to remit $11.6 bil in LNG export revenue

Nigerian auditors find NNPC failed to remit $11.6 bil in LNG export revenue

Jun 11th, 2015 

by John Donovan. 

1 comment

Nigerian auditors find NNPC failed to remit $11.6 bil in LNG export revenue

NNPC holds 49% equity in NLNG on behalf of the Nigerian government, with partners Shell (25.6%), Total (15%) and ENI (10.4%.)

11 June 2015

State-owned Nigerian National Petroleum Corporation has not remitted $11.6 billion in dividends and loan and interest repayments earned from exports from the Bonny LNG plant from 1999-2012, the country’s oil industry auditors said late Tuesday.

NNPC could not immediately be reached for comment Wednesday.

The Nigerian Extractive Industry Transparency Initiative, or NEITI, said in a statement that the earnings represent NNPC’s share of 49% equity ownership in Nigeria LNG Ltd., owner of the six-train, 22 million mt/year Bonny LNG plant.

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Posted in: Africa, Corruption, Eni, Gas, LNG, Nigeria, Oil, Royal Dutch Shell Plc, Shell,Total.
Tagged: Corruption · Eni · Nigeria · Oil · Royal Dutch Shell Plc · Total

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Shell calls ‘Force-Majeure’ on Ukraine project

Shell calls ‘Force-Majeure’ on Ukraine project

Jun 11th, 2015 

by John Donovan. 

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Shell calls ‘Force-Majeure’ on Ukraine project

Sources familiar with the situation said Ukraine’s government received a “Notice of Withdrawal” from Shell on a project that they had hoped could raise up to $10bn of investment and further diversify gas imports away from Russia, Roman Olearchyk reports from Kiev.

Shell said it “has been prevented from performing its commitments under Yuzivska [a production sharing agreement] for an extensive period of time due to Force-Majeure, i.e. circumstances beyond Shell’s control.” Due to the said events, project implementation conditions have been materially changed. Therefore, we have begun discussions with the Ukrainian government and our partner Nadra Yuzivska LLC on the way forward with the PSA, pursuant to its terms.

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Posted in: Gas, Oil, Royal Dutch Shell Plc, Russia, Shell, Ukraine.
Tagged: Gas · Royal Dutch Shell Plc · Russia · Shell · Ukraine

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Seattle protesters plan kayak blockade to stop Shell rig departure

Seattle protesters plan kayak blockade to stop Shell rig departure

Jun 11th, 2015 

by John Donovan. 

1 comment

Seattle protesters plan kayak blockade to stop Shell rig departure

June 10, 2015 7:49AM ET Updated 5:30PM ET

by Renee Lewis

Seattle activists opposed to Arctic drilling have vowed to launch a kayak blockade to prevent the departure of Shell’s drilling rig, and said they have hundreds of protesters standing to hit the water as soon as the Polar Pioneer departs.

“Our effort is to create as large a flotilla as we can to make it impossible for them to get permission to leave,” Bill Moyer, executive director of the Backbone Campaign, an environmental justice organization, told Al Jazeera on Wednesday.

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Posted in: Alaska, Arctic, Chukchi Sea, Climate Change, Environment, Greenpeace,Litigation, Oil, Royal Dutch Shell Plc, Shell, United States.
Tagged: Alaska · Arctic Ocean · Chukchi Sea · Litigation · Royal Dutch Shell Plc · Shell

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First vessel in Shell Arctic drilling fleet arrives in Alaska

First vessel in Shell Arctic drilling fleet arrives in Alaska

Jun 11th, 2015 

by John Donovan. 

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First vessel in Shell Arctic drilling fleet arrives in Alaska

Abby Hancock, Reporter,ahancock@ktuu.com: 10 June 2015

ANCHORAGE — The first rig that is part of Royal Dutch Shell’s drilling fleet that will be used to explore Alaska waters for oil and gas reserves this summer arrived Wednesday in Dutch Harbor.

The Arctic Challenger, an oil spill containment barge that is one of at least 25 support vessels bound for the Chukchi Sea, is in the Aleutian community and will be followed by the other vessels in the coming weeks, Shell spokeswoman Megan Baldino said.

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Posted in: Alaska, Arctic, Chukchi Sea, Environment, Greenpeace, Gulf of Alaska, Oil Spill, Royal Dutch Shell Plc, Shell, United States.
Tagged: Alaska · Arctic Ocean · Chukchi Sea · Oil · Royal Dutch Shell Plc

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Oil companies reach $345 million settlement with Quebec train crash victims

Oil companies reach $345 million settlement with Quebec train crash victims

Jun 11th, 2015 

by John Donovan. 

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Victoria Young; 11 June 2015

A group of oil companies has come to an agreement with victims of the 2013 oil train derailment in Quebec, Canada.

The train had been carrying 7.7 million litres of crude oil when it crashed, resulting in a massive spill and an explosion that killed 47 people.

Royal Dutch Shell, Marathon Oil Corp, Conoco Phillips and Irving Oil were all named by The Wall Street Journal as contributing. It is not clear how much each company will contribute.

It has been reported the settlement was reached in bankruptcy court to avoid costly and lengthy court processes.

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Posted in: Conoco Phillips, Litigation, Oil, Royal Dutch Shell Plc.
Tagged: ConocoPhillips · Litigation · Oil · Royal Dutch Shell Plc · Shell

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Stand with working people by voting "No” on Fast Track.

FRIEND, I want to make sure you saw the message I sent yesterday. Congress is going to vote on Fast Track before the weekend. And we have to stop it so it doesn't take away our jobs, wages and our ability to make sure international trade deals work for everybody, not just corporations and the 1%. Call your representative now and ask her or him to stand with working people by voting "No” on Fast Track. - Celeste FRIEND, We’re hearing the U.S. House will vote on Fast Track before the weekend. So this is an all-hands-on-deck moment. Because our elected officials have heard from us, we’ve been able to slow them down from passing Fast Track and bad trade deals. And it looks like over the next two days we might be able to bring this to a screeching halt. But that can only happen if you call your lawmakers now and tell them to vote “no” on Fast Track. Click here now to call your representative and tell her or him to vote “NO” on Fast Track. Or call them directly at 855-712-8441. Some lawmakers didn’t think we’d put up a fight when they started working to pass Fast Track. They thought this would be easy. Activists like you have made it a real battle. What you’ve done is truly amazing. But we aren’t over the finish line quite yet. Our democracy and the livelihood of working families across the country depend on us finishing what we’ve started. Congress needs to know that we will not stand by and let the 1% trade away our democracy for their gains in profit. We may be the underdogs but, if we act now, stopping Fast Track is a real possibility. Call your representative right now and tell her or him to vote “NO” on Fast Track when it comes up for a vote. In Solidarity, Celeste -- Celeste Drake Trade and Globalization Policy Specialist, AFL-CIO

The TRUTH will set you FREE.

You're tired of Middle Class America getting hosed

Disco Inferno Dear FRIEND: "Burn up the phones" - what is that, some new cyberterrorism threat? A wild new "app"? Nope; it's what happens when you, and like-minded others, exercise your right to be heard. It's time to burn up the phones on Capitol Hill. The Powers That Be have set a vote on the horrific "Fast Track" bill tomorrow. (I would call it "execrable," but I'm not exactly sure what that means.) If you care about anything, anything at all, then please pick up the phone, call (202) 224-3121, ask for your Congressman, and register your disapproval. Say this: "Vote NO on Fast Track." If you feel that your talk needs to be pointed, then here are your talking points: (1) Our trade debt stands at eleven trillion dollars ($11,000,000,000,000.00). That's more than $35,000 for every human being in America - including you. "Fast Track" would pave the way for new trade bills that would increase that. How are we ever going to pay that money back? (2) Fast Track applies to whatever the Executive Branch calls a trade agreement, even if it has nothing to do with trade. (3) Fast Track unconstitutionally restricts Congress from holding hearings, conducting investigations, debating a bill and offering amendments - basically, its job. In fact, it could restrict each House Member to only 83 seconds of debate. (4) No other bills get this special treatment - not bills on taxes, or Social Security, or defense, or transportation, or healthcare. Nothing. (5) Fast Track applies to trade bills that the Executive Branch hasn't even released to the public. (6) None of the "standards" that Fast Track sets for trade agreements is enforceable - not one single standard. Or you can just say that you're tired of Middle Class America getting hosed. I sure am. If you have a Democratic Congressman who "gets it" on Fast Track, then you can call one of these undecideds instead: Rep. Jim Costa (D-CA) - (202) 225-3341 Rep. Susan Davis (D-CA) - (202) 225-2040 Rep. Sam Farr (D-CA) - (202) 225-2861 Rep. Ed Perlmutter (D-CO) - (202) 225-2645 Rep. John Carney (D-DE) - (202) 225-4165 Rep. Seth Moulton (D-MA) - (202) 225-8020 Rep. Joaquin Castro (D-TX) - (202) 225-3236 Try flattery - there's plenty of that in Washington, D.C. "Sir or Ma'am, if you vote against Fast Track, your courage and leadership will ring in dulcet tones for generations to come. You will become a legend, not only in your own mind, but in the minds of every living human being, and fetuses too. Vote against Fast Track, and when you walk amongst your people, as they glance downward in respect, they will sing your praises: basses, baritones, tenors, contraltos, sopranos and even falsettos. They will shower you with flowers - not only mere annuals or biennials, but perennials that will bloom in the same manner as your overwhelming renown. You will be beloved and worshipped by considerably more than 50.1% of the electorate. If you vote against Fast Track, then everyone - and I mean everyone - will like the cut of your jib." Look, it's showtime. Make the call. Let's try to inject some democracy into the plutocracy. Courage, Rep. Alan Grayson

The TRUTH will set you FREE.