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January 24th, 2020:

Forbes: Energy Stocks Are This Generation’s Big Tobacco, Says Economist Peter Sainsbury

Jan 24, 2020

The fossil fuel industry faces a dilemma similar to what confounded big tobacco a generation ago, according to economist and energy specialist Peter Sainsbury.

Speaking on the Contrarian Investor Podcast, Sainsbury says oil companies in particular are starting to be seen as “sin stocks,” with institutions divesting themselves on ethical grounds. But therein lies the opportunity. Much like tobacco companies reinvented themselves in the 1990s, energy companies can undergo a similar renaissance. Indeed the process of oil companies divesting harmful assets is already underway. This causes opportunities for investors. But first, headwinds can be expected. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

REUTERS:Nigeria charges ex-attorney general in court over $1.3 billion oil deal

JANUARY 23, 2020

ABUJA (Reuters) – Nigeria’s financial crime watchdog charged former attorney general Mohammed Adoke in court on Thursday for allegedly receiving bribes to facilitate a $1.3 billion oil deal, the agency said in a statement.

It is the latest development in one of the oil industry’s biggest corruption scandals, over the 2011 sale of the offshore oilfield known as OPL 245 by Malabu Oil and Gas.

A resulting investigation has entangled two of the sectors biggest players, Shell and Eni, as well as an array of powerful figures from the previous Nigerian government. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Bloomberg: From Texas to Tokyo, Global LNG Poised for Terrible Year

Stephen Stapczynski, Anna Shiryaevskaya and Naureen S. Malik. Bloomberg

(Bloomberg) — Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of supply and warmer temperatures, throwing up risks and opportunities for the producers, buyers and traders behind the world’s fastest-growing fossil fuel.

The startup of new export projects from Australia to the U.S. has flooded the market, while brimming stockpiles in Europe and an expected slowdown in Chinese demand have dumped cold water on consumption prospects. LNG for spot delivery to North Asia is on track to hit an all-time low this summer, while gas prices in Europe and the U.S. are trading at the weakest seasonal levels since 1999. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Reuters: Italy tax police search offices of Eni managers in obstruction probe: sources

JANUARY 23, 2020 / 10:12 PM

MILAN (Reuters) – Italian tax police searched the Milan offices of three managers at Eni (ENI.MI) on Thursday to widen an investigation into suspected obstruction of justice by officials at the Italian oil group, two sources said.

The inquiry is still in an early phase and has been overshadowed by an ongoing corruption trial centering on the 2011 purchase of a Nigerian oilfield by Eni and oil major Royal Dutch Shell Plc (RDSa.L).

Milan prosecutors opened the obstruction case in 2018 to investigate whether in 2015 and 2016 Eni officials had sought to discredit two independent board members who later became witnesses in the Nigeria case. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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