shell

Paramount President Jeff Shell is expected to exit the company after being entangled in a legal battle with a controversial Las Vegas gambler and self-styled “fixer.”

Shell has been negotiating his exit and is expected to leave imminently after just eight months on the job, said two people familiar with the matter who were not authorized to comment publicly.

The veteran entertainment executive officially joined the media company with David Ellison’s takeover in August, though he had been a key member of Ellison’s team for nearly two years as the group worked to assemble the pieces of the tech scion’s growing empire. Ellison’s Skydance Media acquired Paramount and then pulled off a stunning $111-billion deal to buy Warner Bros. Discovery in late February.

Shell brought substantial experience running a media company to Ellison’s inner circle, a group that included former investment bankers and others who haven’t run a large-scale enterprise. Shell also served as a member of Paramount’s board and is expected to leave that role, too.

His exit comes after the high-roller, Robert James “R.J.” Cipriani, sued Shell in Los Angeles County Superior Court on March 9, alleging fraud and breach of an oral contract. Cipriani claimed that he provided Shell with “sophisticated, high-value crisis communications services,” according to his suit. He alleged Shell spilled corporate secrets, which Shell has denied, and also failed to deliver on a verbal pledge to help Cipriani develop an English-language version of a Roku TV Spanish music show.

Shell maintains Cipriani fictionalized the two men’s dealings, then spread “false and salacious lies to extract a massive payday.” Cipriani has been seeking $150 million in damages. Shell filed a counterclaim, saying the two men met only twice and that Shell owed him nothing.

The legal skirmish cast a cloud over Shell’s tenure helping lead the company because the Ellisons wanted to stay focused on their Warner Bros. takeover and lining up regulators approvals in the U.S. and abroad. The Cipriani controversy made Shell’s future at Paramount untenable, the sources said.

Shell’s departure comes three years after he was ousted as NBCUniversal chief executive.

NBCUniversal-owner Comcast hired a law firm to investigate him after a CNBC anchor filed an internal sexual harassment claim against him. Shell stepped down, acknowledging that he’d had an “inappropriate relationship” with the journalist, who has since left the company.

The job at Paramount was envisioned to be his second act.

Shell’s dealings with Cipriani began with an August 2024 meeting at litigator Patty Glaser’s Century City office. At the time, Glaser represented both men and urged Cipriani to “cease” his efforts to drum up damaging stories about Shell, who was trying to recover from the scandal that cost him his job at NBC.

Jeff Shell, Paramount Skydance president.

(Paramount / Skydance)

The most serious of Cipriani’s allegations was that he made a report about Shell to the U.S. Securities & Exchange Commission that Shell had discussed highly sensitive Paramount information with him: Paramount’s proposed $7.7-billion deal with the UFC owner to bring the mixed-martial arts fights to CBS and other Paramount outlets. Shell, in his lawsuit, denied the allegation.

Robert James “R.J.” Cipriani in Amazon Prime Video’s 2025 series, “Cocaine Quarterback.”

(Courtesy of Prime)

Paramount’s brass hired the Gibson Dunn law firm to investigate Shell’s surreptitious dealings with Cipriani. Investigators have been reviewing whether Shell had divulged any secrets. The review is still pending.

“Nobody believed me,” Cipriani said Wednesday. “The best thing I did was cooperate with Gibson Dunn and showed them that the texts were real.”

It’s unclear whether Ellison will look to bring in other experienced media executives or look to senior Warner Bros. Discovery executives following Paramount’s proposed takeover of that company.

Savannah Guthrie is returning to “Today.”

Viewers of NBC’s morning program learned Friday that Guthrie will be back to her hosting duties at the network’s Rockefeller Plaza studio in New York on April 6.

Guthrie has been absent from “Today” since Feb. 2, the day after learning her mother Nancy was abducted from her Tucson home. She appeared on the program this week in a taped interview with Hoda Kotb, her first since her mother went missing..

Guthrie’s re-entry on “Today” is certain to generate significant viewer interest. Her 84-year-old mother’s case, still being investigated by law enforcement, generated an outpouring of public affection for the co-host.

Many media industry insiders expressed serious doubts over whether Guthrie would return to television before law enforcement determined what happened to Nancy Guthrie. But people close to Guthrie believe her grit and deep religious faith will provide her with the strength to move forward.

Guthrie’s daily presence on “Today” will also help keep her mother’s case in the public eye. NBC is also airing a special “Dateline” episode on the abduction on Friday.

Guthrie has spent most of the last seven weeks in Tucson with her family. She canceled plans to be a part of NBC’s coverage of the Winter Olympics in Milan and before this week only appeared on TV and social media in taped messages asking for the help in finding her mother.

Nancy Guthrie was last seen Jan. 31, when she spent the evening with family members. Law enforcement officials believe she was removed from her Catalina Foothills home later that night against her will as her phone, wallet, car and medication were left behind.

Surveillance videos of a masked man who was outside Guthrie’s front door on the night she disappeared were released by the FBI.

JANE Fallon has revealed she has undergone surgery following her shock breast cancer diagnosis.

The author, who is the partner of Ricky Gervais, told fans earlier this month that she was suffering with breast cancer, despite having no symptoms before the diagnosis.

Now, Jane has confirmed that her operation is over and assured fans she is feeling in high spirits after the procedure.

Sharing some snaps of herself from hospital, Jane wrote to X: “So… I had my op today.

“I’m feeling remarkably fine, which is possibly the drugs & that might also explain why I’m cross eyed in pic 4).

“I had quite a lovely couple of hours drinking tea & reading the brilliant @CatSteadman ‘s new one (more on that later).”

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Jane also shared an update on when she will get the all clear, explaining that it will be at least a further week.

She said: “The popsox have to stay on for 48 hours so that’s nice.

“Then 8-10 days wait for confirmation that they’ve got it all & the margins are clear (small % chance of more surgery if not).”

She is now resting up at home with the support of cat Pickles.

Jane has been with comedian Ricky for over 40 years, with the couple meeting back in 1982.

She is known for career as an author, having penned books such as Getting Rid of Matthew, Got You Back, Queen Bee, Worst Idea Ever, and Faking Friends. 

Revealing her breast cancer diagnosis earlier this month, Jane assured fans not to “panic” and said her prognosis was “excellent”.

She said on Instagram: “About a month ago I was diagnosed with breast cancer – very early stage thankfully & the prognosis is excellent.

“I had a routine mammogram a week before Christmas. I had no symptoms but the brilliant radiographer spotted something iffy & sent me for further tests & eventually a biopsy.

“Since then I’ve had more mammograms, more biopsies and an MRI so they can pinpoint the problem area precisely. It’s been a lot, I’m not going to lie.”

The star added that she has been under “incredible” care.

Caracas, March 11, 2026 (venezuelanalysis.com) – Energy conglomerates Chevron and Shell are reportedly securing major oil deals in Venezuela following the recent pro-business reform of the country’s Hydrocarbon Law.

According to Reuters, joint venture Petropiar, where Chevron holds a minority stake, will expand its operations into the Ayacucho 8 bloc of Venezuela’s Orinoco Oil Belt. 

Venezuelan state oil company PDVSA completed exploration and appraisal of the 510 square-kilometer area located south of Petropiar’s current operations, but its development has been limited. Under the agreement, Chevron looks to significantly expand its extra-heavy crude output from the Orinoco Oil Belt, which holds three-quarters of Venezuela’s oil reserves.

Chevron is reportedly looking to secure reduced royalties and taxes under the recently reformed Hydrocarbon Law in order to launch operations in the new area. Petropiar currently produces 90,000 barrels per day (bpd) of upgraded Hamaca crude. PDVSA’s joint ventures with Chevron have a total present output of around 250,000 bpd.

In January, Venezuela’s National Assembly approved a legislative overhaul that significantly improved conditions and benefits for private corporations in the oil and natural gas sector. Royalty and income tax levies, previously set at 30 and 50 percent, respectively, can now be slashed at the Venezuelan executive’s discretion.

In addition, joint venture minority partners can directly manage crude operations and sales, while legal disputes can be taken to international arbitration instances. Furthermore, PDVSA can also lease out projects to private operators in exchange for a percentage of the oil output.

Under the latter model, Shell is reportedly set to take over operations in PDVSA’s Punta de Mata division in eastern Monagas state, one of the most historically productive and profitable regions for Venezuela’s oil industry. The division produced over 400,000 bpd of light and medium crude grades in the 2000s but recent production was around 90,000 bpd.

The London-based multinational, which had a strong presence in the Venezuelan energy sector throughout the twentieth century, is likewise interested in capturing and processing natural gas that is currently flared in oil extraction processes. 

Shell is additionally set to lead the Dragon offshore natural gas project alongside Trinidad and Tobago’s National Gas Corporation (NGC) in Venezuelan waters. The Nicolás Maduro government had suspended all joint initiatives with Trinidad due to its administration’s support for Washington’s Caribbean military buildup and threats against Venezuela last year.

Since the January 3 US military strikes and kidnapping of President Maduro, the acting Venezuelan authorities led by Delcy Rodríguez have fast-tracked a diplomatic rapprochement with the Trump administration while also vowing to “adapt” legislation to attract foreign investment. Following the hydrocarbon reform, a new mining law has also been preliminarily approved by the Venezuelan parliament.

US Energy Secretary Chris Wright and Interior Secretary Doug Burgum have visited Venezuela in recent weeks and hailed the investment opportunities in oil and minerals for US conglomerates.

Since January, the Trump administration has taken control of Venezuelan oil exports, with crude shipments handled by commodity traders Vitol and Trafigura and proceeds deposited in accounts run by the US Treasury. US authorities so far have only returned US $500 million, out of a reported $2 billion agreement, to the Caribbean nation.

The White House has also issued a number of licenses in an effort to boost US involvement in the Venezuelan energy sector, including limited waivers to export inputs and technology. In addition, Washington has allowed several corporations to negotiate agreements with Caracas while mandating that contracts be subject to US jurisdiction and that all royalty, tax and dividend payments be made to US Treasury-run accounts.

Alongside Chevron and Shell, the other companies with early access to the Venezuelan energy sector are BP, Eni, Maurel & Prom, and Repsol. The latter two held meetings with Rodríguez in February to discuss investment opportunities, while ExxonMobil has announced plans to send a delegation to the country in the coming weeks.

Venezuela’s oil production rebounded in February, with OPEC secondary sources registering an output of 903,000 bpd, up from 823,000 bpd in January. A US naval blockade since December had forced PDVSA to cut back production before exports began to flow again under Washington’s control. The oil sector remains under US financial sanctions.

For its part, PDVSA reported a February output of 1.02 million bpd, up from 924,000 bpd the prior month. The direct and secondary measurements have differed over time due to disagreements over the inclusion of natural gas liquids and condensates.

Edited by Lucas Koerner in Fusagasugá, Colombia.