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Nigeria: Judge's Absence Stalls Govt's $406.8 Million Suit Against Shell

RDSB RDSA

Lagos — A Federal High Court in Lagos was yesterday, forced to adjourn continuation of hearing until November 15 in a suit filed by the Federal Government against Shell Western Supply and Trading Ltd over alleged crude oil shipment worth 406.8 million dollars. The money is for crude oil lifted in 2013 and 2014. In a supporting affidavit, the federal government had accused the Anglo-Dutch company of not declaring or under declaring crude oil shipments during the period. The federal government is, therefore, seeking a court order to compel the two companies to pay 406.8 million dollars being the total value of the missing revenue and interest payment at 21 per cent per annum. In addition, the government is also asking Shell to pay general exemplary damages in the sum of 406.75 million dollars as well as the cost of the legal action instituted against it.

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allafrica.com
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Nigeria: Court Adjourns $407 M Suit Against Shell, AGIP to November 15

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The money was said to be for crude oil lifted between 2013 and 2014.In a supporting affidavit, the government accused the Anglo-Dutch company of not declaring or under-declaring crude oil shipments during the period. Nigeria: Court Adjourns $407 M Suit Against Shell, AGIP to November 15. A Federal High Court, Lagos has adjourned hearing in the $406.8 million suit filed by the Federal Government against Shell Western Supply & Trading Limited over crude oil shipment to November 15. The case has Shell Petroleum Development Company of Nigeria Limited and its subsidiary, Shell Western Supply & Trading Limited as defendants. com as the publisher are produced or commissioned by AllAfrica. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

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allafrica.com
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Oct 23, 2017 - Weybosset Research & Management Llc Buys DowDuPont Inc, Royal Dutch Shell PLC, Air Products & Chemicals Inc, Sells Ares Capital Corp, E.I. du Pont de Nemours, Apple Inc

RDSB RDSA +3 more RDSB RDSA CVS GT AAPL

Copart Inc (CPRT) - 285,601 shares, 6.52% of the total portfolio. B) - 44,198 shares, 5.38% of the total portfolio. Weybosset Research & Management Llc sold out the holdings in Walt Disney Co. Weybosset Research & Management Llc reduced to the holdings in Apple Inc by 63.69%.

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gurufocus.com
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Is this 10p oil stock now a better buy than Royal Dutch Shell plc?

RDSB RDSA

Specifically today, the company announced that it has struck oil at its flagship BNG Contract Area, which is located in the west of Kazakhstan. Completed initial flow rates were approximately 3,500 barrels of oil per day using a 11 mm choke. Overall, I believe that as a growth buy, Caspian is the better investment. Analysts are projecting earnings per share growth of 201% for 2017, but this is mostly due to higher oil prices.

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Shell sells off stakes in Norway's Polarled natural gas pipeline, Nyhamna plant - Natural Gas

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Shell has agreed the sale of its 9% stake in the Polarled gas pipeline in Norway as well as 3% from its 15% stake in the gas processing plant at Nyhamna to a European acquisition fund as part of the Anglo-Dutch major's ongoing upstream consolidation strategy. In a statement late Friday, Shell said it had agreed the sale with Norway-based CapeOmega, an acquisition fund focused on the offshore upstream oil and gas industry. Shell was involved in the expansion of Norway's gas industry through the financing of the Polarled pipeline and operating the Nyhamna plant "to help further develop gas production on the Norwegian continental shelf. Shell earlier this month already handed over operatorship of Nyhamna as planned to pipeline operator Gassco.

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platts.com
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Shell Charging Forward ... E-Motorcycles ... Ad-Supported Charging ... Benefits Of Low-Energy-Density Renewables (Cleantech Talk #37)

RDSB RDSA

In ExxonMobil’s case — as much as I’d love for their leaders to suffer consequences — the company is tied with Shell as the world’s biggest private-sector natural gas producer, so it’s going to be around for a long time, even if it shrinks somewhat. And as much as a lot of us would want to see ExxonMobil expire before we do … I no longer think that will happen. Nuclear power suffers the same sort of thing — it’s probably been safer any other source of electricity, but the failures have been spectacular. ), Nicolas wondered whether they could offer the electricity for free, as Volta does.

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cleantechnica.com
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Malabu Scandal: Despite prosecution of Shell, top officials, Nigeria allows continued operation of oil block

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Two days after PREMIUM TIMES reported that Italian prosecutors have charged Shell executives for their alleged roles in the controversial sale of OPL 245 oil field, Mr. Osinbajo met with the Minister of State for Petroleum, Ibe Kachikwu, to discuss commencement of production of crude oil on the disputed field. However, oil giants ENI and Agip, who secured the block from Mr. Etete in shady circumstances, are doing all they can to frustrate the EFCC including by negotiating with the petroleum ministry and the vice president. Mr. Etete, was amongst those Italian authorities sought to charge last December, but their trials have not commenced. Also in December 2016, the Economic and Financial Crimes Commission filed charges against Mr. Etete and a former Attorney-General Bello Adoke, both of whom remained at large in foreign countries.

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Vara Research GmbH: Vara Q3 2017 Consenstimates for Royal Dutch Shell plc (RDSB LN)

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Please note: In addition to the proactive estimate collection ahead of the third quarter 2017 results announcement of Royal Dutch Shell plc, Vara Research also updates the Shell consensus estimate on an ongoing basis. Please click the following link to get the detailed consensus estimates for Royal Dutch Shell plc:. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 23.10.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.

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uk.finance.yahoo.com
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Demonetization deposits: Shell firms could face criminal action under revamped law, Real Estate News, ET RealEstate

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Demonetization deposits: Shell firms could face criminal action under revamped lawThe ministry of corporate affairs (MCA), which initiated action to de-register over 2 lakh companies that had not filed returns, is planning to invoke provisions of section 447 of the new Companies Act which relates to fraud, citing public interest. The ministry of corporate affairs (MCA), which initiated action to de-register over 2 lakh companies that had not filed returns, is planning to invoke provisions of section 447 of the new Companies Act which relates to fraud, citing public interest, sources told TOI. Preliminary data accessed by the tax department had revealed Rs 4,600 crore routed through bank accounts of less than 6,000 companies. The move follows a ban on directors, some of whom are also on the board of top listed companies, as well as a move to freeze the bank accounts of these entities.

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‘Shell cos’ may face criminal action under revamped law - The Times of India on Mobile

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Top News headlines The ministry of corporate affairs (MCA), which initiated action to de-register over 2 lakh companies that had not filed returns, is planning to invoke provisions of section 447 of the new Companies Act which relates to fraud, citing public interest, sources told TOI. The ministry of corporate affairs (MCA) is planning to invoke provisions of section 447 of the new Companies Act which relates to fraud, citing public interest. Preliminary data accessed by the tax department had revealed Rs 4,600 crore routed through bank accounts of less than 6,000 companies. The move follows a ban on directors, some of whom are also on the board of top listed companies, as well as a move to freeze the bank accounts of these entities.

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GUEST COLUMN: ANWR Oil: An economically obsolete pipe dream

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With output surging in domestic oil fields with lower production costs, there is no reason to think drilling in the Arctic Refuge would be a competitive investment. Even if the refuge's drilling prohibition were removed - a reoccurring pipe dream for Alaska politicians - the break-even price for oil production there is north of $100 per barrel. Subscribe to the Colorado Springs Gazette. Register to the Colorado Springs Gazette.

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gazette.com
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Shell Restarts Bonny Light Exports

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Shell Nigeria has lifted the latest force majeure off its Bonny Light exports, which was introduced a month ago after a leak was discovered in one of the two pipelines that carry the grade to the company’s Bonny export terminal. The repeated force majeures have disrupted the normal rate of operation of the terminal, and for now it remains unclear how much Bonny Light Shell’s Nigerian subsidiary will export in the next two months. Nigeria is producing around 1.8 million bpd of crude oil but has the capacity to increase this to 2.2 million bpd. Duke Oil will handle more than 80 percent of NNPC’s crude oil delivery contracts over the next few years as part of the market expansion efforts.

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oilprice.com
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Superb Metrics for Sales Growth Make Royal Dutch Shell (RDS.A) a Strong Buy

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The stock's current Portfolio Grader score places it 8 among the 290 companies in this industry group, positioning it among the leaders; in the top decile of the sector with a ranking of 8 among the 362 companies in the sector, and number 322 in the nearly 5,000 company Portfolio Grader universe. The Navellier Proprietary Quantitative Score is used by Portfolio Grader to gauge RDS. Based on these fundamental scores, Royal Dutch Shell places in the top half of the industry group.

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investorplace.com
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The Zacks Analyst Blog Highlights: Royal Dutch Shell, Chevron, Cheniere Energy Partners, Petrobras and Tullow Oil

RDSB RDSA +2 more RDSB RDSA TLW CVX

The Zacks Analyst Blog Highlights: Royal Dutch Shell, Chevron, Cheniere Energy Partners, Petrobras and Tullow Oil. 1. European oil giant Royal Dutch Shell plc recently inked a deal to acquire NewMotion, one of Europe's largest electric vehicles charging networks. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

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Greentown Labs Announces Shell as a Founding Sponsor of the Global Center for Cleantech Innovation

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Founding Sponsorship – As a Founding Sponsor, Shell will be among an elite group of global corporations that have partnered with Greentown Labs to highlight their dedication to clean energy innovation and will be named a Founding Sponsor of the Global Center for the duration of occupancy by Greentown Labs. Shell has served as a Terawatt Sponsor of Greentown Labs since 2013 and by deepening their partnership, Greentown Labs and Shell will enable more cleantech startups to succeed and solve society's big energy challenges. , and founded in 2011, Greentown Labs is the largest cleantech incubator in the United States, operating a 40,000 sq. We're proud to have them as Founding Sponsor and we're eager to see all the cleantech advances that will be developed in the Shell Prototyping Lab for many years to come!

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