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Michiel Brandjes retires as Company Secretary of Royal Dutch Shell Plc

09/12/16 

ROYAL DUTCH SHELL PLC

COMPANY SECRETARY CHANGE

Royal Dutch Shell plc announces the appointment of Linda Szymanski as Company Secretary with effect from January 1, 2017. Ms Szymanski succeeds Michiel Brandjes who retires at the end of the year after 36 years of service with the Shell group, of which 13 years was as General Counsel Corporate and Company Secretary.

NOTE

Linda Szymanski (right) is a US national. She was appointed General Counsel Corporate with effect from August 1, 2016 and will continue in this role upon her appointment as Company Secretary. Prior to her appointment as General Counsel Corporate, she served as General Counsel of the Upstream Americas business based in the USA and, prior to that, as the  Group Chief Ethics & Compliance Officer based in the Netherlands. She has held various legal positions within Shell Oil Company, including Chemicals Legal Managing Counsel and other senior roles in the labour/employment, litigation, and commercial practice areas.

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Shell leaves One Shell Plaza HQ after 45 years

Shell leaves One Shell Plaza HQ after 45 years

By Sebastian HerreraDecember 7, 2016

In the coming months, roughly 3,400 Shell Oil Co. employees will be moving from the oil giant’s downtown headquarters into its Energy Corridor campus as Shell looks to eventually house all of its Houston-based employees on the west side.

The move is indicative of an energy industry downturn in Houston that has led oil companies to slash thousands of jobs and consolidate office space to meditate costs.

Shell will leave its One Shell Plaza headquarters, a 50-story skyscraper, after 45 years.

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The Nigerian King and a very brazen bid to squeeze millions out of Shell over pollution

By Rachel Millard For The Daily Mail7 December 2016 

Residents of the communities in south-east Nigeria remember clearly the day oil giant Shell first arrived in the 1950s.

Children could hear the rumble of the trucks from a distance, so they’d wave at the drivers as they passed.

It still happened when King Emere Godwin Bebe Okpabi, community leader of the Ogale community in Ogoniland, was growing up in the 1960s.

The region, largely marshland and swamps, was poor but the British firm, with its modern technology and skilled engineers, seemed to represent a new era of prosperity. 

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Oil prices shed early gains amid doubts over OPEC output cut

By Jane Chung and Keith Wallis | SEOUL/SINGAPORE

Oil prices erased early gains to trade almost flat in Asian session on Thursday on mixed U.S. crude stocks data and doubts over OPEC’s implementation of an output cut, although a weaker dollar aided sentiment.

International Brent crude futures were trading up 2 cents at $53.02 a barrel at 0807 GMT. Prices fell to $52.81 a barrel earlier in the session.

U.S. benchmark West Texas Intermediate crude was up 3 cents at $49.80 a barrel after dropping to $49.61 earlier.

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OPEC, U.S. begin ‘cat and mouse’ oil game as producers pounce on hedges

By Amanda Cooper and Catherine Ngai | LONDON/NEW YORK

As far as one of the world’s biggest commodities traders, Glencore’s chief Ivan Glasenberg, is concerned, the oil market will be at the mercy of “a cat and mouse game” between OPEC and its U.S. shale rivals in the coming year.

A 16 percent price rally over the past week has delivered U.S. frackers a golden opportunity to hedge – or sell forward – their production for 2017 and beyond, to shore up their coffers against possible future price falls.

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Motiva Port Arthur refinery HCU returning to production – sources

Motiva Enterprises was returning the expanded hydrocracking unit at the 603,000-barrel-per-day (bpd) Port Arthur, Texas, refinery to production on Wednesday, said sources familiar with plant operations.

A Motiva spokeswoman declined to discuss operations at the refinery.

The refinery is in the process of restarting the hydrocracker after completing a two-month overhaul that increased its capacity from 80,000 bpd to 105,000 bpd, sources have told Reuters.

(Reporting by Erwin Seba; Editing by Alan Crosby and Jonathan Oatis)

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Shell Makes Cuts to Boost Returns

Allen Good7 December, 2016

With the BG acquisition in the books, Shell (RDSB) is embarking on the necessary steps to compete in a world of $60 a barrel oil.

Like the rest of the integrated group, Shell is working to reduce its cost base, which has become bloated during the past five years, by reducing headcount and improving its supply chain.

The integration of BG is integral to Shell’s efforts, as it holds the potential for $4.5 billion of cost-reduction synergies. Furthermore, the addition of BG’s low-cost production reduces Shell’s per-barrel operating cost, which ranked among the highest in its peer group. In total, Shell aims to reduce operating cost by 20% from 2014 levels by the end of 2016, with further reductions possible in later years.

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Echo’s of the Shell to Sea Campaign in Ireland 

By Jared Stonesifer [email protected]: 8 Dec 2016

POTTER TWP. — A petition with more than 750 signatures was presented to the township supervisors Wednesday night concerning objections to several aspects of Shell Chemicals’ ethane cracker plant project.

The move came one week before the Potter supervisors are set to vote on Shell’s conditional use application for the $6 billion project. The supervisors must approve the 200-page document before Shell is authorized to start construction on the plant, although construction isn’t expected until the end of next year.

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Shell Expected to Sign Iran Oil Deal Despite Uncertainty Over Trump

Update: Shell Signs Preliminary Iran Oil Deal Despite Uncertainty Over Trump

By BENOIT FAUCON and SARAH KENT: U

LONDON— Royal Dutch Shell PLC on Wednesday said it had signed a memorandum of understanding with Iran’s state oil company to explore future ventures, signaling that giant energy companies won’t be deterred by President-elect Donald Trump’s pledge to undo the Iran nuclear deal.

Shell is the largest company to wade back into Iran since the U.S. and other world powers lifted sanctions in January in exchange for Tehran’s agreement to strict limits on its nuclear program. The British-Dutch firm follows Total SA of France, which last month signed a $4.8 billion deal to develop a large gas field in Iran and is negotiating for an oil deal now.

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Shell, Total to sign oil deals with Iran

Dec. 7, 2016 5:48 AM ET| By: Yoel Minkoff, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) and Total (NYSE:TOT) will signinitial agreements today to develop oil and gas fields in Iran, in the first European petroleum deals in the country since sanctions eased earlier this year.

But the plans open both companies to potential risks from the incoming Trump administration.

Though Total is French and Shell is jointly headquartered in London and The Hague, both companies have substantial American operations.

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Shell and Total Said to Sign Initial Oil Deals With Iran

by Hashem Kalantari , Sam Wilkin , and Golnar Motevalli

December 7, 2016 — 2:12 AM EST: Updated December 7, 2016 — 9:39 AM EST

Royal Dutch Shell Plc signed an agreement to assess three of Iran’s largest oil and gas fields as OPEC’s third-biggest producer looks to boost output with the help of international companies.

Shell signed a memorandum of understanding to evaluate the Azadegan and Yadavaran oil fields near the Iraqi border, and the Kish gas deposit in the Persian Gulf, Gholam-Reza Manouchehri, deputy director of the National Iranian Oil Co., said at a signing ceremony in Tehran on Wednesday.

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Venezuela says Shell to provide $400 million financing for oil venture

Royal Dutch Shell Plc will provide some $400 million in financing to boost oil output at Venezuela’s Petroregional del Lago, a joint venture with state-run PDVSA, the South American country announced on Tuesday.

Petroregional, which operates the Urdaneta oilfield in Venezuela’s western Maracaibo Lake, produces between 30,000 barrels per day and 35,000 bpd, according to Shell’s website. Shell holds a 40 percent stake in the venture.

The agreement aims to increase total production to 344 million barrels between the 2017 and 2035 period, PDVSA said in a statement, or an average of around 52,400 bpd.

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Idemitsu delays Showa Shell stake purchase as regulatory review not finished

By Taiga Uranaka | TOKYO

Japanese refiner Idemitsu Kosan Co has postponed its acquisition of Showa Shell Sekiyu shares as regulatory approval is taking longer than expected – a delay that comes amid uncertain prospects for the deal due to a spat with the Idemitsu founding family.

Idemitsu management now expects to purchase its stake from Royal Dutch Shell in October or November instead of this month.

Public broadcaster NHK reported the review by Japan’s Fair Trade Commission was taking time as it is also reviewing another merger in the sector – the planned takeover of TonenGeneral Sekiyu KK by JX Holdings Inc.

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Shell moves to ‘appropriate’ fee arrangements for all matters following panel review

by Kathryn McCann06 December 2016 09:49

Royal Dutch Shell has implemented a rule that all new legal matters must be priced using ‘appropriate’ fee arrangements (AFAs), following the oil major’s most recent panel review in April 2016.

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Shell cut its global panel in April 2016 from 11 firms to six, as the company reorganised its legal arrangements following its merger with BG Group.

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Shell finance chief takes some chips off the table

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Royal Dutch Shell’s finance boss took advantage of the jump in the company’s share price immediately following OPEC’s decision to cut its output to sell some of his holdings in the oil producer.

According to a statement issued by the company, Simon Henry unloaded 50,000 B-shares at an individual price of 2163p, allowing him to pocket £1,081,500.

On 11 November, and in remarks to The Wall Street Journal, the firm´s executive vice president for deep-water, Wael Sawan, said Shell would invest $10bn more in the country, on top of the $30bn already deployed in South America´s largest economy.

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screen-shot-2016-12-05-at-16-34-00 By The Motley Fool  Dec 5, 2016

Today I’m looking at the critical reasons to sell out of Royal Dutch Shell (LSE: RDSB).

A drop in the ocean

The oil sector’s major players breathed a huge sigh of relief last week after OPEC — responsible for four-tenths of the world’s oil supply — confounded the expectations of many and agreed to cut its output.

Saudi Arabia brokered a deal that will see production fall by 1.2m barrels per day, to 32.5m barrels beginning in January. The news prompted Brent oil to top the $55 per barrel marker for the first time since the summer of 2016.

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Shell given go-ahead for Norway gas plant expansion

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Shell given go-ahead for Norway gas plant expansion

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Written by Mark Lammey – 05/12/2016 1:31 pm

Norway’s oil and gas safety body said today it had given Shell permission to expand its gas plant at Nyhamna.

The facility has been processing gas from the Ormen Lange field in the Norwegian Sea since 2003.

It will now be expanded to take in gas from the Polarled pipeline, which connects the Aasta Hansteen field to the Norwegian gas transport system.

Shell wants to raise its production capacity to 84million standard cubic metres of gas per day from 70million.

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Mitsui buys 20 percent stake in Shell’s offshore oil fields in Gulf

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05 December 2016

TOKYO (Reuters) – Japanese trading house Mitsui & Co <8031.T> said on Monday it has agreed to buy a 20 percent stake in four blocks in the U.S. offshore oil and gas fields in the Gulf of Mexico from Royal Dutch Shell Plc for an undisclosed amount.

The move follows Mitsui’s other investment decisions earlier this year including co-development of the Greater Enfield oil reserves off Western Australia and an $8 billion (6.29 billion pound) expansion of the Tangguh liquefied natural gas project in Indonesia which is led by BP , taking advantage of the recent drop in commodity prices.

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Shell in talks to sell gas field offshore Ireland

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screen-shot-2016-11-09-at-20-26-36Written by Erikka Askeland – 05/12/2016 7:23 am

Shell is reported to be in talks to sells its stake in an Irish gas field to an Australian infrastructure fund.

Macquarie is understood to have approached the oil and gas giant over its 45% stake in Corrib, valuing it at around £1billion.

If a deal is struck, the sale will be part of Shell’s plan to offload $30billion of assets in the wake of its mega-merger with BG Group earlier this year.

It is uncertain what would happen to the operatorship of the field which started pumping gas at the end of last year. Other stakeholders in the field include Statoil and Canada’s Vermillion Energy.

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Macquarie eyes Irish gas giant

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By:  Danny Fortson – The Sunday Times

The Australian investment giant nicknamed the “vampire kangaroo” is hoping to sink its teeth into Ireland’s £3bn Corrib gas field.

Macquarie, one of the largest owners of British infrastructure, is understood to have approached Shell over a deal that could value the FTSE 100 giant’s 45% stake in the project at more than £1bn. It is unclear whether the Australians have tabled a formal bid.

Corrib started producing a year ago after years of delays and protests from fishermen, environmentalists and locals.

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Shell’s Woodside stake sale on cards as oil prices rally

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BRIDGET CARTERMergers & Acquisitions Editor Sydney: December 5, 2016

Following Archer Daniels Midland’s sale of its GrainCorp stake on Friday, the next big block trade to watch out for is a $3 billion-odd sale by Shell out of Woodside Petroleum.

Shell has an interest of close to 14 per cent in the business, and the oil price rally last week that triggered a run on Woodside’s shares has many watching the situation.

In 2014, Shell sold a 19 per cent interest in Woodside for $41.35 per share through Citi and Goldman Sachs, and four years earlier, it offloaded a 10 per cent stake at $42.23 in a deal underwritten by UBS.

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Shell launches investigation after North Sea exploration well triggers alarm

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Written by Rita Brown – 04/12/2016 3:54 pm

Shell has launched an investigation after it was forced to shut down and evacuate personnel from its Shearwater platform in the North Sea.

The oil major was drilling, what was thought to an exploration well, when the activity triggered an alarm.

Shell decided to evacuate all non-essential personnel and shut down operations.

A spokeswoman said: “Shell UK can confirm that production on our Shearwater platform was shut down on the evening of Friday 2nd December as a precaution due to an alarm being triggered during work on a new well. There has been no loss of containment. The coastguard and regulator were informed and the situation is being closely monitored. A precautionary downman took place on Saturday returning 62 non-essential personnel safely to Aberdeen. The platform remains shutdown in the meantime.”

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Kashagan oil field allegations ignored by Shell exec Andy Brown?

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By John Donovan

Printed below are extracts from a communication received from a Shell Civil Engineer who, until recently, worked on the construction of the ill-fated Kashagan oil field.

He says his dire warnings in regard to construction issues were escalated to Shell top management, including Andy Brown, but were ignored.

He has also raised the subject of Shell depriving sacked workers tax breaks on redundancy pay. A policy he describes as theft.

The same source supplied related, apparently authentic, Shell emails.

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Ogoni king: Shell oil is killing my people

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screen-shot-2016-12-03-at-21-12-03John VidalSaturday 3 December 2016 19.45 GMT

The stakes are high…

If the London judge hearing the preliminary arguments finds for the king then, in around one year’s time, Shell will have to defend itself in the British courts. The result could be a massive clean-up of Ogale, possibly millions of dollars’ damages and other polluted communities bringing their cases to Britain.

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Torres AES Awarded Multi-Year Supplier Contract for Shell’s Security Operations

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December 3, 2016Monika Donimirska

screen-shot-2016-12-03-at-18-33-37Torres Advanced Enterprise Solutions (Torres) was today awarded a multi-year select supplier contract with Shell International B.V. (Shell) to provide long-term, full-spectrum security services for their operations in South America. Specific countries of focus will be Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Peru and Venezuela. The contract, which was decided after an extensive selection process in which Shell vetted twenty-one multinational security companies, was awarded to Torres based upon its quality service record and competitive pricing. Torres successfully completed the technical evaluation process and commercial pricing rounds before being awarded the contract.

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Opec bends the markets

screen-shot-2016-12-03-at-08-16-41By Ed Crooks, December 2, 2016

In 451 CE, the great Roman general Flavius Aetius rallied a motley army of imperial troops and barbarian allies, and halted the advance of Attila’s Huns at the Catalaunian Plains in Gaul, buying the empire some time and temporarily interrupting its long-term decline. This week’s Opec meeting in Vienna had something of the same feel about it.

Opec’s power peaked in the 1970s, and the US shale oil revolution of the past half-decade has threatened to consign the cartel’s influence to history. But by agreeing a deal to cut production on Wednesday, the Opec ministers showed that if they all acted together they could still bend the oil markets to their will, at least for a while.

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Workers at Shell refinery threaten to shut half of plant

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Written by Mark Lammey – 02/12/2016 3:44 pm

Shell is embroiled in a pay dispute with workers at its Pernis oil refinery in the Netherlands.

A spokesman for the FNV union told Reuters that employees were ready to close half of the on December 7 because Shell only wants to give them a raise of 1%.

Workers are believed to be holding out for a 1.5% pay rise.

A Shell spokeswoman was cited as saying: “The unions indicated that they intend to continue activities [as early as next Wednesday]. Should this be the case, they will have a financial consequence. We are confident that we are going to reach a solution.”

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Shell report hints giant pipe on sea floor off Nova Scotia will be abandoned

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Riser crumpled to ocean floor eight months ago during drilling for exploratory oil well

By Brett Ruskin, CBC News Posted: Dec 02, 2016 12:08 PM AT

A new report commissioned by Shell Canada shows it would be safer and easier for the company to abandon a multi-million-dollar two-kilometre pipe at the bottom of the ocean, instead of retrieving it.

The huge pipe — called a “riser” — crumpled to the sea floor eight months ago off Nova Scotia’s coast.

The riser had been used by the Stena IceMAX, a specialized ship hired by Shell Canada, to drill an exploratory well to search for oil.

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We Must Harness the Power of Carbon Capture

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Ben Van Beurden

Van Beurden is the CEO of Royal Dutch Shell

“To make investments in clean energy technologies more attractive, governments must set an effective price on CO2 emissions”

Nobody can predict the future, but it is highly likely that global energy demand will grow for decades to come. There will be more people on this planet, more people will be living in cities, and more people will be seeking a better life. “A better life” in this context does not mean a tv in every room or a new smartphone every year. It does mean adequate housing, healthcare, sanitation, and modern transport.

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Shell ties in bonuses to reinforced emissions strategy

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By Ron Bousso and Karolin Schaps | LONDON

Royal Dutch Shell plans to link part of its executive bonuses to greenhouse gas emissions and conduct more active screening of future investments to further efforts to reduce the energy group’s carbon footprint, its CEO told Reuters.

The new initiative by the Anglo-Dutch group comes in response to mounting pressure from investors to adapt to an expected flattening in oil consumption within as little as five years and international plans to phase out fossil fuels by the end of the century to combat global warming.

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Shell is ‘ripe to deliver’ and 2017 is an inflection year – broker

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Jamie Ashcroft: 01 Dec 2016

Royal Dutch Shell Plc’s (LON:RDSB) portfolio is ‘ripe to deliver’, according to JP Morgan, which rates the stock as ‘overweight’ and sees 2017 as an inflection year for the oil supermajor.

JP Morgan analyst Christyan Malek says investors should buy ahead of further capex cuts and free cash flow uplift.

In a note Malek said: “the recent Brazil field trip left us incrementally positive on scope to cut capex further in 2017-18 as economies of scale on cost improve and internal efficiencies take effect.

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Shell studying acquisitions in the green energy sector

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screen-shot-2016-11-09-at-19-58-01Written by Reporter – 30/11/2016 2:02 pm

Shell said it is studying acquisitions in the green energy sector.

It comes amid shareholder pressure to look at a strategy beyond fossil fuels.

The oil major currently has a market value of $200billion and produces 2% of the world’s oil and gas.

Chief executive Ben Van Beurden said: “The idea you can just be a very clever observer and step in when the moment is right, forget about it.

“I am convinced that in this space we will play an active role, a leafing role and we will plan acquisitions in it.”

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Leaner and meaner: U.S. shale greater threat to OPEC after oil price war

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By Catherine Ngai and Ernest Scheyder

NEW YORK/HOUSTON In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Iran and Iraq.

Until a few years ago it was unprofitable to produce oil from shale in the United States. The steep slide in costs could encourage more U.S. shale output if OPEC members cut supplies, undermining the producer group’s ability to boost prices. OPEC ministers meet Wednesday to weigh output cuts to end a two-year glut that has pressured global oil prices.

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OPEC agrees first output cut since 2008, Saudis to take ‘big hit’

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By Ahmad Ghaddar, Alex Lawler and Rania El Gamal | VIENNA

OPEC has agreed its first limit on oil output since 2008, sources in the producer group told Reuters, with Saudi Arabia accepting “a big hit” on its production and agreeing to arch-rival Iran freezing output at pre-sanctions levels.

Brent crude futures jumped 8 percent to more than $50 a barrel after Riyadh signaled it had finally reached a compromise with Iran after insisting in recent weeks that Tehran fully participate in any cut.

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Shell agrees new five-year deal with Costa Express – Forecourt Trader

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Costa Express has renewed its UK contract with Shell for a further five years. The signing of the contract marks five years since the partnership began in…

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Shell to Start Feeling Norway Heat on Ormen Lange Gas Project

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By Mikael Holter: November 30, 2016 

Norway expects Royal Dutch Shell Plc to go forward with a shelved project to boost recovery of natural gas at the Ormen Lange field and warned it will start pushing the company for progress from next year.

“A clear message to Shell is that we expect that it seizes the opportunities that exist at Ormen Lange and comes to a decision to take this forward,” Bente Nyland, the head of the Norwegian Petroleum Directorate, said in an interview in Oslo on Wednesday. “There are a lot of resources at Ormen and we have to get them out.”

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Shell studies green energy deals to prepare for future after oil

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By Karolin Schaps and Ron Bousso | LONDON

Royal Dutch Shell, the world’s second-biggest publicly listed oil company, is studying acquisitions in the green energy sector, its CEO told Reuters, as it bows to shareholder demands for a strategy beyond fossil fuels.

Shell, which has a market value of $200 billion, produces two percent of the world’s oil and gas but rapid technological change coupled with policies to protect the climate have kick-started a shift in energy markets that has put enormous pressure on oil companies to plan for a time after fossil fuels.

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Security firm hit with slump after Shell Corrib work ends

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Written by Reporter – 29/11/2016 2:51 pm

A security firm which worked at Shell’s Corrib gas project has sought protecton from its creditors after a slump in its business.

Baker Tilly Hughes Blake has been appointed interim examiner to Business Mobile Security Services (BMSS) which trades as Senaca and Intergrated Risk Management Services.

According to reports, the firm’s finances were impacted by the ending of the Corrib project as well as the impact of costs to cover redundancy for affected staff.

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Corrib job losses at Bellanaboy

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Corrib job losses at Bellanaboy

Áine Ryan

SHELL E&P Ireland has announced that due to ‘challenging’ market conditions globally, ten jobs will be cut at its Corrib Gas refinery in north west Mayo. Employees were advised of the jobs losses, due to be implemented during 2017, at the Bellanaboy plant on Thursday last.

Speaking afterwards, a spokesman for the global oil and gas company said: “Since December 2015, the Corrib gas development has established itself as an integral element of Ireland’s energy infrastructure. Despite a good first year for operations, market conditions remain challenging with Irish gas prices reflecting lower oil and gas price conditions globally.”

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Shell Canada President Michael Crothers says Canada should stick to its values

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Shell Canada President Michael Crothers (above) says “Canada should stick to its values and do something to protect the environment, regardless of what policy tack the incoming U.S. president takes.”

See CBC News article: Canada shouldn’t lose resolve for a carbon tax, says Shell exec (Published 29 November 2016)

This is the most breathtaking hypocrisy on the part of Shell and Mr. Crothers.

Shell is responsible for nightmarish pollution of the Niger Delta in Nigeria. It has already settled related litigation and more is underway:

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Shell in talks over Gabon sale as seeks to hit divestment target

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By Ron Bousso | LONDON

Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of a $30 billion divestment plan following its purchase of BG Group, which was completed in February..

Shell had informed its staff of the discussions on Thursday, a spokesman for the firm told Reuters on Friday.

The oil and gas group, which plans to exit operations in 5 to 10 countries, has made relatively slow progress in its divestments as uncertainty over oil’s outlook has dampened buyer enthusiasm for deals at the prices it is targeting. So far this year, Shell has sold or agreed to sell around $6 billion of assets.

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Market keeps watching brief on Shell’s Woodside stake

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by Sarah Thompson Anthony Macdonald Joyce Moullakis

With December’s silly season now underway, brokers are left with precious few trading days to launch any significant placements and block trades.

But one stake remains at the top of every firm’s watchlist: Shell’s 13.3 per cent stake in Woodside Petroleum.

Firstly, there’s a motivated seller. The oil giant’s chief financial officer Simon Henry classified the $3.4 billion stake as “available for sale” when he informed investors in August of a change in how Shell classifies its stake in the Australian oil and gas producer.

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Shell Considering Dumping Its Iraqi Oil Fields

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By Julianne Geiger – Nov 28, 2016, 2:24 PM CST

Royal Dutch Shell is considering exiting its positions in Iraqi oil fields, according to industry sources cited by Reuters.

Shell, which declined to comment, is the world’s top liquefied natural gas producer, and is only exiting its oil field assets in Iraq, not its gas field assets. Iraq accounted for 4.4 percent of Shell’s total oil and gas production in 2015.

The fields in question are the Majnoon field, in which Shell holds a 45 percent interest, and the West Qurna field. Majnoon produces an average of 200,000 barrels per day, according to Shell’s website.

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Opec cuts neither dead nor alive

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By Ed Crooks November 28, 2016

Opec’s possible production cut is the oil market equivalent of Schrödinger’s cat: neither dead nor alive. When they met in Algiers in late September, Opec ministers agreed the need to reduce output, but left the allocation of the cuts between individual members to be finalised later. If they cannot agree on that, the deal will die. At their meeting in Vienna on Wednesday, the ministers will have to open the box, and we will find out whether or not the agreement is still breathing.

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OPEC makes last-ditch bid to save oil deal as tensions grow

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By Rania El Gamal and Alex Lawler | VIENNA

OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.

OPEC experts started a meeting in Vienna at 0900 GMT and were due to make recommendations to their ministers on how exactly the Organization of the Petroleum Exporting Countries should reduce production when it meets on Nov. 30.

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Shell CEO expects no valuation hit from climate accord

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Royal Dutch Shell expects to pump out all the fossil fuel reserves listed on its balance sheet, its chief executive said, dismissing concerns that production limits in the wake of the Paris climate accord could hit the energy giant’s valuation.

In an interview with Dutch newspaper Het Financieele Dagblad, Ben van Beurden said the issue of “stranded” reserves – deposits in the ground that cannot be used because of carbon emissions limitations – would have no impact on balance sheets.

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Kazakh President Says Partners in Shell Oil Field Face Tax Claim

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Nariman Gizitdinov and Torrey Clark: November 24, 2016 — 6:42 AM EST

Kazakhstan’s authorities are looking at whether the Karachaganak oil and gas venture, which includes Royal Dutch Shell Plc and Eni SpA, has unpaid taxes.

“The tax authorities have tax issues — they didn’t pay,” President Nursultan Nazarbayev said in an interview on Tuesday in Astana, without elaborating. He also confirmed the government is now seeking to change how revenue from the field is shared with the companies, which is allowed by the terms of the contract.

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Pleased to assist Leigh Day in Suing Shell says John Donovan

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The High Court in London today began hearing the latest case against Royal Dutch Shell brought by the London law firm Leigh Day on behalf of Nigerian claimants.

Thousands of farmers and fishermen located in the Niger River Delta region who have suffered from oil spills and related toxic pollution. 

Leigh Day approached me last year making “an impassioned appeal” for my help, after first contacting me via Greenpeace.

This is not an unusual occurrence. Many parties contemplating or involved in litigation against Shell contact me after becoming aware of my Shell related website activities and a decades-long history of dealing with Shell, including its army of lawyers (over a thousand) and spooks (Shell Global Security and their external spy firm Hakluyt).

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Shell seeks to block Nigeria pollution claims in London court

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By AFPPUBLISHED: 18:20, 22 November 2016

Anglo-Dutch oil giant Shell on Tuesday urged a High Court judge in Britain to block pollution claims brought against it by more than 40,000 Nigerians, demanding the case be heard in Nigeria instead.

Lawyers for the claimants are demanding action from Shell to clean up oil spills that have devastated their Niger Delta communities for decades.

But Royal Dutch Shell lawyer Peter Goldsmith told High Court of England and Wales judge Peter Fraser that the cases concerned “fundamentally Nigerian issues”, and shouldn’t be heard in London.

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Polluted water in hand, Nigerian king takes Shell to court in London

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By Editor   |   22 November 2016  

King Emere Godwin Bebe Okpabi holds up a plastic bottle containing contaminated water from his community in Nigeria, proof of oil pollution that he blames on Royal Dutch Shell — and on which he hopes a London court will deliver justice.

“My people are drinking this water,” said the tribal king of the Ogale community in the oil-rich Niger Delta.

Okpabi has flown to London for a High Court hearing on Tuesday in which lawyers for more than 40,000 Nigerians are demanding action from Shell to clean up oil spills that have devastated their communities for decades.

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