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Egypt bails Jordan out with gas worth $2bn – despite own energy & financial crisis
Middle East Monitor reported that The Egyptian Ambassador to Jordan, Khaled Tharwat, has denied media reports which claim that Egypt intends to reduce the amount of natural gas exported to Jordan prior to cutting off the supply completely by June. In a press statement published by official Jordanian media outlets, Ambassador Tharwat said, “There is…
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Just how ‘criminal’ does BP need to get for it to violate Tate’s ethics policy?
Point 4.1b of Tate’s Ethics Policy (that you can download here) states that Tate will not accept funds in circumstances when: The donor has acted, or is believed to have acted, illegally in the acquisition of funds, for example when funds are tainted through being the proceeds of criminal conduct. I’m not from any sort…
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New timeline launched on oil and conflict in Nigeria
Oil watchdog Platform has launched an online timeline which maps out the leaked US embassy cables on oil conflict in the Niger Delta. You can view the timeline here. Some 4,521 leaked US cables came from Nigeria between 2001 to 2010. The idea behind the timeline is to provide easy access to the wealth of information contained in these…
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El oscuro historial de Shell en Nigeria
This article was first published in the Spanish newspaper, Diagonal, NÚMERO 166 on 24 January 2012. by Ben Amunwa El 20 de diciembre de 2011, una fuga en la plataforma petrolífera de mar abierto de Shell en Bonga, una de las mayores de esta multinacional en Nigeria, derramó 40.000 barriles de petróleo al océano Atlántico.…
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The reality behind EU ‘energy security’
This report by CRBM, Corner House and FoE Nigeria and others condemns oil majors Eni, Total and Shell for their record of environmental and social devastation in Nigeria. It also dissects EU ‘energy security’, arguing that a policy that locks the EU into dependence on fossil fuels leads to increased conflict and climate chaos. The report recommends…
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Eni misleads shareholders over end to gas flaring in Nigeria
15 November 2011 Italian oil major Eni is misleading shareholders over the company’s commitment to end gas flaring in Nigeria, according to a new report [1] by an international delegation of non-governmental organisations (NGOs), following a recent fact finding mission to the Niger Delta. Gas flaring is illegal in Nigeria. The report, entitled The reality behind EU ‘energy…
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Sakhalin II Impacts
Shell’s Sakhalin II gas & oil project in far eastern Russia has disrupted the social and economic fabric of local communities, including indigenous communities and local fishermen. Rare and endangered species are being threatened with extinction, including the Western Pacific Gray Whale and Stellar’s Sea Eagle. Shell’s pipeline stretches from the northern tip of Sakhalin…
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7 Apr 2005 adminSakhalin II gas and oil project: Further Breaches of Equator Principles May 2004 – March 2005
In May 2004, 39 civil society groups, from 15 countries, warned commercial banks of extensive violations of the Equator Principles by the Shell-led Sakhalin II project. This update from 2005 finds that events over the past ten months show a deteriorating situation, constituting further violations.
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The Sakhalin II PSA – a Production ‘Non-Sharing’ Agreement
Platform’s report reveals that revenue distribution for Sakhalin II between the Russian government and Shell’s consortium (SEIC) is set at a grossly unfair level. The contract terms, defined in a 1994 Production Sharing Agreement (PSA), place the Russian state at a significant disadvantage.
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7 May 2004 adminPrincipal Objections: Analysis of Sakhalin II gas & oil project’s compliance with the Equator Principles
Shell’s Sakhalin II integrated oil and gas project fails to comply with the Equator Principles on responsible lending. The project on Sakhalin Island in Russia’s Far East will have severe environmental impacts, including threatening the critically endangered Western Gray Whale with extinction, damaging habitats of endangered bird and fish species, and polluting important fisheries.
