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One is seen as a sprawling behemoth, the other a nimble buccaneer. For fans of a “small is beautiful” approach to oil and gas exploration, there appears little to love in Royal Dutch Shell’s proposed £55bn takeover of BG Group.

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Lex Royal Dutch Shell — the ugly American

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Shell Chief Visits China to Win Backing for $70 Billion BG Deal

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Screen Shot 2015-05-06 at 11.14.16Article by Rakteem Katakey published 6 May 2015 by Bloomberg.com

The biggest obstacle to Royal Dutch Shell Plc’s $70 billion offer for BG Group Plc probably lies in China.

Shell Chief Executive Officer Ben Van Beurden visits the country this week to convince officials that the combination of two large oil and gas producers poses little risk for the world’s biggest energy importer.

He’s not certain to succeed given the clout the enlarged company will have in the global market for liquefied natural gas, according to Gordon Kwan, Hong Kong-based head of regional oil and gas research at Nomura International.

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Shareholder rebels give BG Group a shock over boss Helge Lund’s £31m pay deal

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Shareholder rebels give BG Group a shock over boss Helge Lund’s £31m pay deal

By LAURA CHESTERS FOR THE DAILY MAIL

PUBLISHED: 00:20, 6 May 2015 | UPDATED: 00:20, 6 May 2015

BG Group faced a rebellion against boss Helge Lund’s massive pay deal after nearly one in five shareholders at the oil and gas giant’s annual meeting refused to back its remuneration report.

Chief executive Lund, who joined the company on February 9 from Norway’s oil giant Statoil, could be in line for a pay and perks package of £25-£31million if he meets every condition of his bonuses and long term share awards.

The group’s AGM, held at Reading’s Hilton Hotel yesterday, also revealed more than 15 per cent did not back the re-election of Sir John Hood as chairman of its remuneration committee.

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Seattle ruling won’t derail Shell’s Arctic quest, executive vows

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Screen Shot 2015-05-01 at 17.04.22Seattle ruling won’t derail Shell’s Arctic quest, executive vows

Posted on May 5, 2015 | By Jennifer A. Dlouhy

HOUSTON — A ruling by the city of Seattle may throw a wrench into Shell’s Arctic drilling plans, but it won’t delay the company’s plans to bore two new wells in the Chukchi Sea this summer, a top executive vowed Tuesday.

Although “it’s not my preferred approach . . . we have backup plans,” said Ann Pickard, Royal Dutch Shell’s executive vice president for the Arctic. “I don’t think this will delay the program.”

At issue is Seattle Mayor Ed Murray’s ruling this week that the city port must obtain a new land-use permit to serve as a home base for Shell’s Arctic drilling rigs and support vessels. Seattle’s Department of Planning and Development concluded that Shell’s plans to moor its ships at the port’s Terminal 5 — before sending them north to Alaska — fall outside the scope of the existing permit and underlying environmental analysis authorizing the site to function as a cargo terminal.

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Shell’s Arctic oil setback – unlawful use of Seattle Port

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Screen Shot 2015-05-06 at 08.21.50The Port of Seattle is violating its shoreline permit in allowing Shell to set up a ‘home port’ for its Arctic oil drilling fleet, according to Seattle officials. The finding could nix Shell’s oil drilling plans for the 2015 season.

By Oliver Tickell: 5 May 2015

Shell’s plans to drill for oil in the Arctic Ocean received what may prove a fatal blow yesterday when the City of Seattle issued its finding that the oil company’s use of the Port of Seattle violated planning laws.

Seattle’s Mayor Ed Murray announced that an investigation carried out by city’s Department of Planning and Development’s showed that the 20-year old shoreline permit for the Port’s Terminal 5 did not allow its use for as homeport for Shell’s Arctic drilling fleet.

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BG chief welcomes $70 billion Shell offer with ‘mixed emotions’

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Ben van Beurden, CEO of Royal Dutch Shell, left, shakes hands with the Chairman of BG group Andrew Gould during the press conference announcing Royal Dutch Shell had agreed to buy British Gas for $70 Billion. 

BG chief welcomes $70 billion Shell offer with ‘mixed emotions’

Tuesday May 5, 2015 

(Reuters) – BG (BG.L) Chief Executive Helge Lund on Tuesday welcomed with “mixed emotions” Royal Dutch Shell’s (RDSa.L) $70 billion takeover bid, which came only two months after he took office.

Speaking at BG’s annual general meeting in Reading, England, the former Statoil (STL.OL) boss said there is still much to do before the transaction can complete but that Shell’s bid, at a 50 percent premium to BG’s share price on April 7, maximizes BG’s value while removing potential risks.

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Seattle mayor snubs Shell’s Arctic oil-drilling fleet

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Screen Shot 2015-03-02 at 19.49.45Seattle mayor snubs Shell’s Arctic oil-drilling fleet: 5 May 2015

Local officials are trying to stop Shell’s Arctic oil-drilling fleet from docking at Seattle’s harbor for the summer, saying that current arrangements go against the port terminal’s land-use permit. Shell has multiple ships and oil rigs en route.

Seattle Mayor Ed Murray said the current contract between the Port of Seattle and a company representing Royal Dutch Shell PLC violates the land-use permit for the port’s Terminal 5, and that the Port would have to apply for a new permit.

After reviewing the 20-year-old permit for the operation of the cargo terminal, [Seattle’s Department of Planning and Development] has found and I concur that the long-term moorage and maintenance of Arctic drilling equipment falls outside the current permit,” the mayor said Monday morning at a fundraising breakfast for Climate Solutions, a self-described “clean-energy economy” nonprofit.

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Shell’s Arctic return faces hurdle at Seattle port

Screen Shot 2015-05-01 at 17.04.22Shell’s Arctic return faces hurdle at Seattle port

By Timothy Gardner: 4 May 2015

May 4 (Reuters) – Royal Dutch Shell’s quest to return to Arctic drilling for the first time in three years could face delays after Seattle ruled that the city’s port must apply for a permit for the company to use it as a hub for drilling rigs.

Seattle Mayor Ed Murray, a Democrat who has fought against new projects by coal and oil companies, applauded the requirement by the city’s planning department.

“This is an opportunity for the port and all of us to make a bold statement about how oil companies contribute to climate change, oil spills and other environmental disasters – and reject this short-term lease,” Seattle’s Mayor Ed Murray said on his website.

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SHELL TO FUND NIGER DELTA CLEANUP; COSTS COULD HIT €500 MILLION

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Article by Janene Van Jaarsveldt published 4 May 2015 by nltimes.nl 

Shell will clean up the oil spill in a heavily polluted area in the Niger Delta. This area is located in Bodo, Nigeria, which has about 40 thousand inhabitants. The company will also carry the costs of the cleanup. 

According to the Volkskrant, the cost of the cleanup is estimated at between 134 to 446 million euros.

This agreement was made between Shell, the local population and local environmental organizations with the help of former Dutch ambassador to Nigeria, Bert Ronhaar. The agreement was signed in Prot Harcout in the Niger Delta on Friday.

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Refining Saves The Day For Exxon and Shell

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Screen Shot 2015-03-02 at 19.27.29By Andy TullyPosted on Sun, 03 May 2015

The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the two giant companies did better than analysts had expected.

Related: Key Signals That Oil Prices Are On The Up

Profits for Shell, Europe’s largest oil company, amounted to $3.2 billion, adjusted for inventory changes and one-time benefits, during the first quarter of 2015. This was 56 percent lower than its earnings in the same period in 2014, the company reported April 30.

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Shell agrees to start cleaning polluted area

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Under a compensation deal hammered out in London in January, Shell’s Nigerian arm agreed to pay $55m to people in Bodo following a three-year legal battle over the 2008 spills that devastated their environment.

3 May 2015

Lagos – Shell has agreed with Nigerian fishing community of Bodo in the Niger Delta to start the clean-up of two devastating oil spills in 2008, activists and locals say.

Steven Obodekwe of the Centre for Environment, Human Rights and Development lobby said: “Shell officials met representatives of Bodo community in Port Harcourt and the meeting was attended by officials of the Dutch embassy, Unep (United Nations Environment Programme), Amnesty International and local activists.

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Kayakers prep for oil-drilling protests in West Seattle

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By Seattle Times Staff: 3 May 2015

Kayakers prep for oil-drilling protests in West Seattle

About 19 advanced kayakers learned self-rescue techniques and how to assist when a kayak capsizes in anticipation of the upcoming flotilla protest May 16 in Elliott Bay.

Judging from the water-safety preparations and drills off Seacrest Park in West Seattle, kayakers are ready for their upcoming mission to protest Shell oil rigs drilling in the Arctic.

On Sunday, approximately 19 advanced kayakers learned self-rescue techniques and how to assist when a kayak capsizes in anticipation of the upcoming flotilla protest May 16 in Elliott Bay.

Through the Shell No! Action Council, hundreds of kayakers will join forces to oppose the Port of Seattle’s decision to allow Terminal 5 to be used as a staging area for Arctic drilling.

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Royal Dutch Shell Signs New Loan Deal To Finance BG Group plc Takeover

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By: MICHEAL KAUFMANPublished: May 2, 2015 at 10:22 am EST

Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has entered an agreement for a bridge loan of $15.2 billion (10.07 billion GBP), the company said on Friday.

The new credit facility will replace a $4.6 billion (3.025 billion GBP) interim loan, which was obtained last month from Bank of America Merrill Lynch.

A total of 19 banks have committed $802 million (530 million GBP) each towards the new credit facility, including Banco Santander, Bank of America Merrill Lynch, Bank of Tokyo, Barclays Bank, BNP Paribas, Citigroup, Societe Generale, HSBC Bank, JPMorgan, and Standard Chartered.

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Shell agrees to start clean up of 2008 Niger Delta oil spill

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Shell agrees to start clean up of 2008 Niger Delta oil spill

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2nd May 2015

Shell has agreed with Nigerian fishing community of Bodo in the Niger Delta to start the clean up of two devastating oil spills in 2008, activists and locals said Saturday.

“Shell officials met with representatives of Bodo community in Port Harcourt yesterday (Friday). The meeting was attended by officials of the Dutch embassy, UNEP (United Nations Environment Programme), Amnesty International and some local activists,” Steven Obodekwe of the Centre for Environment, Human Rights and Development lobby group told AFP.

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Shell, Total align trading and refining units to drive profit growth

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By Dmitry Zhdannikov and Ron Bousso: 1 May 2015

Shell, Total align trading and refining units to drive profit growth

* Shell, Total restructure to combat falling oil prices

* Refinery profits also under pressure from competition

* Oil firms fighting off challenge from trading houses

LONDON, May 1 (Reuters) – Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to drive profits as oil prices fall and independent trading houses expand into their territory.

The restructuring will enable the Anglo-Dutch and French companies’ in-house traders to capture profits faster from the fluctuating prices of the different crude oil sources and products coming through their refineries.

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10th Anniversary of Domain Name Win Over Shell

10th Anniversary of Spectacular Domain Name Win Over Shell

By John Donovan

Ten years ago, in May 2005, Shell International Petroleum Company Limited served proceedings in New York against my late father Alfred Donovan, via The World Intellectual Property Organisation (WIPO) in an attempt to seize the top level (.com) domain name for its newly merged company, Royal Dutch Shell Plc.

The new company had arisen from the ashes of the hydrocarbon reserves scandal, which in January 2004, had engulfed The Shell Transport and Trading Company and Royal Dutch Petroleum Company.

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Shell signals it will accelerate retreat from the North Sea

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Simon Henry, CFO, Royal Dutch Shell Plc

Simon Henry, CFO, Royal Dutch Shell Plc

Article by Mark Williamson published Friday 1 May 2015

Shell signals it will accelerate retreat from the North Sea

THE finance chief of Royal Dutch Shell has signalled the oil and gas giant will accelerate its retreat from the North Sea, saying the area faces a difficult future unless costs and uncertainties are reduced.

Simon Henry said: “Shell is not necessarily a natural owner of assets in the North Sea. Going forward there are other companies who may well have more expertise but also more incentive to squeeze the value from mature assets.”

He added: “The way Shell typically creates value is earlier in the maturity of the life cycle, we helped to develop the North Sea.”

Indicating that Shell will look to sell off more mature assets, Mr Henry said the company could still create value by transferring them to other operators.

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Court of Appeal to hear Shell Centre legal challenge

Screen Shot 2015-01-06 at 21.26.38Article by Greg Pitcher published 30 April 2025 by planningresource.co.uk

Court of Appeal to hear Shell Centre legal challenge

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Campaigner George Turner will be allowed to make his case against communities secretary Eric Pickles’ 2014 decision to approve the scheme.

Developer Braeburn Estates – a joint venture of Canary Wharf Group and Qatari Diar – intends to create seven apartments, about 76,000 square metres of office space, 110,000 square metres of residential space, and 6,000 square metres of shops, restaurants and cafés on the site on London’s South Bank.

Pickles agreed with a planning inspector that the proposals should be approved and a High Court judge earlier this year backed his decision and rejected a legal challenge by Turner.

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Nigeria: Shell Rules Out Divestment in Nigeria, Others This Year

Simon Henry, CFO, Royal Dutch Shell Plc

Simon Henry, CFO, Royal Dutch Shell Plc

Article by Daniel Adugbo published 1 May 2015 by AllAfrica.com

Shell Rules Out Divestment in Nigeria, Others This Year

Royal Dutch Shell said yesterday it had reduced its expected 2015 capital expenditure (capex) to $33 billion from $35 billion as the company continues to adjust its business to the lower oil-price.

Releasing its first-quarter results yesterday, Shell’s Chief Financial Officer (CFO) Simon Henry said the capex this year would be $33 billion, or “potentially less,” a reduction of at least $2 billion compared with guidance given by Shell three months ago.

Henry said that it had highlighted a number of projects where it could reduce its financial exposure, including the Majnoon project in Iraq and Carmon Creek in Canada.

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Shell’s Simon Henry won’t rule out write-down on Arrow LNG in Queensland

Simon Henry, CFO, Royal Dutch Shell Plc

Simon Henry, CFO, Royal Dutch Shell Plc

Article by Angela Macdonald-SmithEnergy Reporter, The Sydney Morning Herald: 1 May 2015

Royal Dutch Shell has declined to rule out a write-down of its multibillion-dollar investment in its Arrow Energy natural gas venture in Queensland, depending on decisions taken to develop the gas after the oil major’s $US92 billion ($116.62 billion) takeover of BG Group.

Chief financial officer Simon Henry told investors in London that the Arrow venture, owned equally by Shell and PetroChina, needed to think about “the best way forward to monetise” Arrow gas and create value from its position. 

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Shell destroys analytics firm Arria NLG?

Screen Shot 2015-04-13 at 16.04.38From an article by Ben Martin published 30 April 2015 by The Telegraph

Oil major deals blow to Aim minnow

What was a good day for Royal Dutch Shell investors was a disaster for shareholders in an Aim-listed minnow that depended on the oil major for most of its revenues.

While B shares in Shell gained 25½p to £20.94½ on better than expected quarterly profits, Arria NLG cratered 22½p, or 72.6pc, to 8½p after the software business shocked investors with the announcement that the oil company, its biggest customer, had scrapped its contract.

Last May, Arria unveiled a three-year deal with Shell in which the FTSE 100 business had agreed to pay as much as $10m to use its artificial intelligence-driven technology, software that analyses vast amounts of data and within seconds produces written reports. On Thursday, Arria revealed that its services were now longer required by Shell.

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Shell defends BG takeover as oil trading helps it overcome slump in crude price

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Screen Shot 2015-04-13 at 19.54.26BY MARCUS LEROUX: FRIDAY 1 MAY 2015

Royal Dutch Shell’s main investors have questioned the oil company’s £45 billion takeover of BG Group, the company conceded yesterday.

As it announced first-quarter results that beat even the most optimistic of City forecasts, Shell said that it had visited most of its main shareholders to explain the deal’s rationale.

Simon Henry, chief financial officer, said that some institutional shareholders had expressed concerns over the scale of the deal and its valuation but added that there was unanimous support for its underlying logic. 

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Shell signs $15.3 billion bridge loan

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(Reuters) – Royal Dutch Shell (RDSa.L) has agreed a 10.07 billion pound ($15.28 billion) bridge loan from a group of relationship banks backing its 47 billion pound takeover of smaller rival BG Group (BG.L), the company announced on Friday.

The two-year loan replaces a 3.025 billion pound interim bridge loan that was provided in early April by Bank of America Merrill Lynch.

The bridge loan will be used, along with existing cash, to cover the 13.2 billion pound cash portion of the cash and share deal.

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Shell Prepares Armada to Begin Arctic Exploration

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Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups.

The Anglo-Dutch oil major is preparing “an armada of 25 vessels” to begin a two-year program to explore two to three wells in the Chukchi Sea off the coast of Alaska, Chief Financial Officer Simon Henry said on Thursday.

“We are currently on track. Some of the permits are issued at the last moment,” he told reporters.

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Why you can’t be sure of SHELL: Udated

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Dear John,

Thank you very much for publishing my letter on your site.

Shell scam against its employees in the Philippines?

Please also see my blog on “shell tabangao refinery life” posted 27 April 2015:

FROM HIRING TO DEPARTURE

EXTRACT

This rigged ranking exercise was an expression of personal wrath of Shell against my person. This personal ire led Shell to embarrass me in front of my co-employees, friends and family when Shell rank me with poorest work performer through the action of Shell supervisors who made the rating.  Shell knew that being an employee like me with high regard for my honor, dignity and integrity would excessively be pained by linking to my person, a rating as poorest work performer.  They did not just say that I am a poor work performer, they even vainly announced it to my extreme distress and embarrassment. The company made the rating written and be known publicly as a reasonable proof to show cause why I should be terminated from employment. These acts Shell gave me so much pain and suffering  even  up to these times.  Shell did not just took me out employment but even deprived me good chances of being employed again due to the blight Shell cast upon my person.

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Energy earnings run dry in Americas

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By Ed Crooks, Christopher Adams and David Crouch

ExxonMobil and ConocoPhillips of the US on Thursday reported that they lost money on oil and gas production in their home country in the first quarter.

Meanwhile, Royal Dutch Shell disclosed a $1.1bn loss at its upstream exploration and production business in the Americas, and suggested that came mostly from its shale oil and gas operations.

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FULL FT ARTICLE

Shell cuts 2015 capex, sees downstream downturn

Screen Shot 2015-04-30 at 09.37.24Shell cuts 2015 capex, sees downstream downturn

London (Platts)–30 Apr 2015

* Capex reduced by more than $2 billion
* Decision on Majnoon development pushed back to 2017
* CFO says refining margins already worsening

Shell said Thursday it had reduced its expected 2015 capital expenditure to $33 billion from previous guidance of a little more than $35 billion as the company continues to adjust its business to the lower oil-price environment.

Shell, releasing its first-quarter results, also said it continued to reduce its operating costs and capital spending, with Q1 operating expenditure down by $1.1 billion year on year.

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Royal Dutch Shell profits slump as oil price slide puts energy giant on back foot ahead of mega-merger with BG

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Earnings dropped steeply from $7.33billion last year to $3.25billion

Company hopes oil prices will rise to $90 a barrel by 2018 

By MARK SHAPLAND FOR THIS IS MONEY: 30 April 2015

Oil giant Royal Dutch Shell has reported a near 60 per cent slump in first quarter profits after it was hit by the fall in oil and gas prices.

Earnings dropped steeply from $7.33billion ($4.6billion) last year to $3.25billion – though the figure was better than City forecasts of about $2.5billion. 

The price of a barrel of Brent crude has fallen by half since last year after peaking at about $115 a barrel in the summer of 2014.

The company, which earlier this month announced a £55billion agreed offer for UK-based BG Group, said it expects oil prices to rise to $90 a barrel by 2018 – justifying the 50 per cent premium it bid to buy its rival.  

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Shell pushes on with Arctic exploration as it awaits U.S. permit

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Screen Shot 2015-03-02 at 19.49.45Business | Thursday Apr 30, 2015 

Shell pushes on with Arctic exploration as it awaits U.S. permit

(Reuters) – Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups.

The Anglo-Dutch oil major is preparing “an armada of 25 vessels” to begin a two-year program to explore two to three wells in the Chukchi Sea off the coast of Alaska, Chief Financial Officer Simon Henry said on Thursday.

“We are currently on track. Some of the permits are issued at the last moment,” he told reporters.

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Judge extends TRO after hearing on Greenpeace injunction

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Screen Shot 2015-04-14 at 09.05.35BY TIM BRADNER, ALASKA JOURNAL OF COMMERCE: PUBLISHED 29 APRIL 2015

Judge extends Temporary Restraining Order after hearing on Greenpeace injunction

Shell’s court battle to obtain a preliminary injunction against Greenpeace USA continued in U.S. District Court Judge Sharon Gleason’s court in Anchorage April 28.

Gleason is considering whether to issue an order that would keep Greenpeace protestors at a certain distance from vessels Shell hopes to use for its 2015 Arctic offshore drilling.

After the hearing, Gleason extended the temporary restraining order against Greenpeace covering two drill rigs and a heavy lift vessel; that order issued April 11 expired April 28 and she extended it to May 9 or until she rules on Shell’s request for an injunction that would cover all 27 vessels being mobilized for its Arctic exploration this summer.

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Shell’s first-quarter profits plunge 56% to $3.2bn

Screen Shot 2015-04-30 at 09.37.24FT: Shell’s first-quarter profits plunge 56% to $3.2bn

30 April 2015

Christopher Adams, Energy Editor

Royal Dutch Shell suffered a near 60 per cent slide in first-quarter profits, hit by plunging crude prices, but beat expectations as a strong contribution from its refining and trading business prevented a steeper fall.

FULL FT ARTICLE

Royal Dutch Shell Plc CEO Statement

FAT CAT PAY

FAT CAT PAY

STATEMENT BY ROYAL DUTCH SHELL PLC CEO, BEN VAN BEURDEN: 30 April 2015

“Our results reflect the strength of our integrated business activities, against a backdrop of lower oil prices. Meanwhile, in what is clearly a difficult industry environment, we continue to take steps to further improve competitive performance by redoubling our efforts to drive a sharper focus on the bottom line in Shell.

Part of this sharper focus is the sale of non-strategic assets. Asset sales total over $2 billion so far this year, as we successfully reduced our onshore footprint in Nigeria.

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Shell Posts Rise in Profit Despite Sharp Revenue Decline

The Wall Street Journal: Shell Posts Rise in Profit Despite Sharp Revenue Decline

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Fall in revenue indicates impact of low oil prices

By IAN WALKER and SARAH KENT

April 30, 2015

LONDON— Royal Dutch Shell PLC on Thursday reported a 7% rise in first-quarter profit from a year earlier but also posted a steep fall in revenue, giving investors a glimpse of the impact weak oil prices are having on the business.

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Write to Ian Walker at [email protected] and Sarah Kent at [email protected]

SOURCE

Shell profits beat expectations on refining boost

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Screen Shot 2015-04-03 at 09.56.31Shell profits beat expectations on refining boost:

Business | Thu Apr 30, 2015 7:26am BST

(Reuters) – Royal Dutch Shell on Thursday reported a lower than expected 56 percent drop in first quarter net income at $3.2 billion (2 billion pounds), as refining and trading profits offset a decline in earnings from oil and gas output.

Shell maintained a dividend of 47 cents per share and said it would use its planned $70 billion acquisition of smaller British rival BG Group to further optimise its asset base.

Profits from refining and trading rose to $2.65 billion in the first quarter of 2015 from $1.575 billion a year earlier, offsetting a sharp drop in oil and gas production earnings to $675 million from $5.7 billion.

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Shell’s Shocking Share of the Groningen Earthquake Costs

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Shell’s Shocking Share of the Groningen Earthquake Costs

By a Regular Contributor

The Dutch government does not seem to be very pleased with Shell: it’s action to reverse the burden of proof in Groningen cases seems to imply that Shell cannot be trusted…

For each of the 250,000 potential claimants to take Shell to court individually and give Shell the opportunity to drag things out, produce dubious experts, and essentially bankrupt everyone before they can obtain redress would also create a legal nightmare (out of which Shell would probably emerge essentially unscathed) 

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Can Shell Afford To Drill In The Arctic?

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By Charles KennedyWed, 29 April 2015

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Screen Shot 2015-04-08 at 08.12.04How can Shell possibly finance the purchase of BG?

Royal Dutch Shell is set to report its first quarter earnings, and by all accounts, it will be a doozy. Analysts predict a 60 percent decline in earnings from a year earlier, including a massive 7 percent fall in production.

But the price tag for BG will be $70 billion, a colossal sum in a period of low oil prices. Shell has already said that it would undertake a major divestment campaign to rid itself of assets it does not see as integral to its future. Purchasing BG is a sign that Shell sees itself as a company that will be increasingly a producer of LNG and offshore oil.

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Shell Accused Of Misleading Its Shareholders About The Risks Of Arctic Drilling

Screen Shot 2015-04-14 at 09.05.35BY ELISE SHULMAN — GUEST CONTRIBUTOR POSTED 29 APRIL 2015 on thinkprogress.org

Shell Accused Of Misleading Its Shareholders About The Risks Of Arctic Drilling

If Royal Dutch Shell’s Arctic drilling program leads to a major spill, it could cost the oil company — and therefore its shareholders — an entire year’s worth of profit, according to a Tuesday legal filing by the conservation group Oceana and a University of Chicago law clinic.

But the company’s investors are not aware of that risk, the two groups alleged. Because of that, the groups filed a petition to the Securities and Exchange Commission, requesting that the agency launch a formal investigation into Shell’s risk disclosures to shareholders relating to its activities in the Arctic Ocean.

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Mayo men sue gardaí over alleged brutality at Shell to Sea protest

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Article from BreakingNews.ie published Wed 29 April 2015

Mayo men sue Irish Cops over alleged brutality at Shell to Sea protest *(were the cops tipsy?)

Three Mayo men are suing for damages over alleged garda brutality at a Shell to Sea protest eight years ago.

Patrick Coyle, and brothers Patrick and Martin O’Donnell, claim they were assaulted at Bellanaboy bridge on January 19, 2007.

It is the men’s case that gardaí displayed brutality and indiscipline during a protest outside the Shell oil refinery at Bellanaboy.

They claim Patrick Coyle was punched in the face and struck on the back of the head while trying to stop another demonstrator being pulled from the line of protesters by gardaí.

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Time, and oil prices, ticking for Shell-BG deal

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LONDON | BY DMITRY ZHDANNIKOV, SINEAD CRUISE AND RON BOUSSO: Wed, 29 April 2015

“…its not inconceivable that BG shareholders could start to agitate for a higher bid or indeed a competing bid..”

(Reuters) – Rising oil prices are putting Royal Dutch Shell (RDSa.L) under pressure to execute its landmark $70 billion deal to buy rival BG (BG.L) as soon as possible before investors in BG start to take a more critical look at the terms.

Announced three weeks ago, the deal was seen as a bold bet by Shell on the oil price recovering to $80-$90 per barrel within three years, justifying a 50 percent premium the Anglo-Dutch giant agreed to pay for BG in the biggest oil merger of the decade.

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US CLASS ACTION LAWSUIT AGAINST SHELL AND OTHERS FOR OIL PRICE FIXING

(NOW UPDATED WITH 98 PAGE DOCUMENT FILED 24 APRIL 2015 WITH THE U.S. COURTS)

A 194 page Complaint filed in the US Courts two months ago confirms that investigations are underway by the U.S. Federal Trade Commission, the EU Commission and the UK Serious Fraud Office into an alleged oil price-fixing conspiracy involving Shell, BP, Statoil and others. 

The plaintiffs provide what they describe as “concrete evidence” within the Complaint of oil price manipulation.

A link to the entire 194 page document is provided.

Extracts from 194 page Court document dated 27 Feb 2015

SECOND AMENDED CONSOLIDATED CLASS ACTION COMPLAINT FILED 27 FEBRUARY 2015

Case 1:13-md-02475-ALC Document 308 Filed 02/27/15

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK

I. NATURE OF THE ACTION

1. This action arises from manipulations of North Sea Brent Crude Oil Market  (defined herein) by Defendants Shell International Trading and Shipping Company Limited (“STASCO”), Shell Trading US Company, BP pic (“BP”), BP America, Inc., BP Corporation North America Inc., Statoil ASA (“Statoil”), Statoil US Holdings Inc. (“Statoil US”), Morgan Stanley Capital Group, Inc. (“MSCGI”), Trafigura Beheer B.V., Trafigura AG, Phibro Trading LLC (“Phibro”), Phibro Commodities Limited, Vitol, S.A. (“Vitol”), Vitol, Inc., Hess Energy Trading Company, LLC (“HETCO”), Mercuria Energy Trading S.A., Mercuria Energy Trading, Inc., (collectively, “Defendants”) since at least 2002 through the present (the “Class Period”).

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