Posts Tagged ‘Oil’

Documents seen by The IoS support claims energy giant enlisted help of country’s military government By Andy Rowell Sunday 14 June 2009 Serious questions over Shell Oil’s alleged involvement in human rights abuses in Nigeria emerged last night after confidential internal documents and court statements revealed how the energy giant enlisted the help of the [...]

Selection of Shell related article links kindly provided by a regular contributor If ‘everyone knew’ the oil market was open to rigging, why did no one …The Guardian-It is worth spelling out that manipulation of the oil market, which could … Statoil, BP and Shell are not just petrol providers – they are major gas … European probe into oil price-fixing widens to Finland: Marketplace.org-May 17, 2013: [...]

  Royal Dutch Shell lobbied against proposed European rules designed to clamp down on commodity market abuse, arguing they would raise costs for consumers and increase market volatility. Shell argued strongly against elements of EC reforms to “strengthen the fight against market abuse across commodity and related derivative markets”.   By Emily Gosden: 10:00PM BST [...]

Oil markets fall under the suspicion of price-fixing on a global scale May 18th 2013 |From the print edition IT IS a lesson of the past five years that benchmarks in unregulated markets can fall victim to the incentives they create. Subprime mortgages bundled into securities often won high scores from ratings agencies that stood [...]

By Maher Chmaytelli and Nayla Razzouk: May 16, 2013 Royal Dutch Shell Plc (RDSA) will start producing crude at Iraq’s Majnoon oil field as early as next month and plans to increase energy investments in Saudi Arabia, its regional vice president said. Output from Majnoon, one of Iraq’s largest oil fields, will start “around mid-year” [...]

EXAMPLES OF UK TABLOID COVERAGE OF ALLEGED PRICE FIXING AT THE PUMP pdf file of above pages

15 May 2013 Last updated at 13:54 David Cameron is extremely concerned by claims of price fixing by major oil companies, Downing Street has said. The prime minister’s spokesman said it was “deeply worrying” if prices have been driven up for consumers. Oil giants including BP and Shell are facing claims they have been fixing [...]

SELECTION OF SHELL RELATED ARTICLE LINKS KINDLY SUPPLIED BY A REGULAR CONTRIBUTOR IEA forecasts US to account for a third of new oil supplies: Financial Times-The outlook will influence businesses as diverse as major oil companies, including ExxonMobil and Royal Dutch Shell, big commodities traders … Oxford University won’t take funding from tobacco companies. But …: The Guardian-… on research at Manchester University partly to [...]

With Royal Dutch Shell, price fixing is not a matter of conjecture, but normal operating procedure. Its in the company DNA. Shell has a disgraceful history of price fixing/cartel activity stretching back over a century, including a cartel operated with its Nazi partner, I.G. Farben, found guilty of war crimes. Shell’s history of market manipulation, [...]

BP and Royal Dutch Shell saw their offices raided today as the European Commission launched an investigation into oil price fixing. The Commission said it is concerned there has been collusion aimed at manipulating the prices of not only oil, but also petrol and biofuels.  A bogus market? By This Is Money Reporter PUBLISHED: 16:58, 14 [...]

 The Coast Guard already has referred possible pollution violations involving the Kulluk and safety and environmental issues with Shell’s other drilling rig, the Noble Discoverer, to the Justice Department. Published 13 May 2013 A formal Coast Guard hearing investigating the circumstances of the grounding of Royal Dutch Shell’s drilling rig, the Kulluk, begins at noon [...]

Shell’s research money is also buying legitimacy for its unconscionable activities globally. These include human rights abuses in the Niger delta, reckless drilling plans in the Arctic, fracking in South Africa, and carbon-intensive tar sands extraction that undermines indigenous rights in Canada. Thursday 9 May 2013 Today sees the launch of a new partnership between [...]

Company will drill almost two miles underwater in Gulf of Mexico as part of next generation of deep-water developments Simon Goodley The Guardian, Wednesday 8 May 2013 21.01 BST Royal Dutch Shell is pressing ahead with the world’s deepest offshore oil and gas production facility by drilling almost two miles underwater in the politically sensitive [...]

Shell Prelude floating liquefied natural gas (FLNG) facility – food for thought, especially for Shell shareholders… LondonLad: You complain about me drawing attention to what will be an obvious, but until now, unspoken prime (almost sitting) target for a terrorist attack, but then add to the highlighting of this hugely expensive, gigantic floating LNG facility [...]

May 8 (Reuters) – Royal Dutch Shell Plc said on Wednesday it plans to go forward with the Stones ultra-deepwater oil and natural gas project in the Gulf of Mexico. Production during the first phase of the project is expected to have an annual peak of 50,000 barrels of oil equivalent per day, the oil [...]