News and information on Royal Dutch Shell Plc.
Gheit said that Royal Dutch Shell’s chief executive Peter Voser, the company’s former chief financial officer, plans to improve the oil giant’s cost structure. That makes gasoline stations, with high volumes of sales and low profit margins, candidates for divestment.
Click to continue reading “Local Firms Snatch Up More Gas Stations as Big Oil Moves On”
Lower profits have prompted the Hague-based Shell, the largest oil company in Europe by market value, to put two refineries in northern Germany up for sale, and it may close or sell another plant in Montreal.
Click to continue reading “Oil Shares at Deepest Discount Signal Recession’s End”
July 20 (Bloomberg) — Shares of Cnooc Ltd., PetroChina Ltd. and Reliance Industries Ltd. offer better growth prospects than international oil companies and may continue to command a price premium, Sanford C. Bernstein said.
Click to continue reading “Cnooc, Reliance May Be Better Bets Than Shell, Bernstein Says”
It is an awkward position for Shell, which was this month crowned by Fortune magazine as the world’s largest company. Trying to shut the website down would draw even more attention to it but letting it continue subjects the company to a constant barrage of negative news, allegations and insults, some of which is picked up by the mainstream media.
Click to continue reading “Two men and a website mount vendetta against an oil giant”
BBC NEWS: Rescuers searching for a man who went missing from a North Sea oil platform have found a body after a major operation was launched.
The Wood Group employee was reported missing from Shell’s Brent Delta platform, about 117 miles north east of Shetland, at about 1130 BST.
Helicopters were involved in the air search and help was also being provided by a Nimrod from RAF Kinloss.
Aberdeen Coastguard said a body was later recovered at about 1400 BST.
A Shell spokeswoman told the BBC Scotland news website a full search of the platform and water had been carried out.
Aberdeen Coastguard received a call from the platform at 1132 BST saying that the man was missing and he had last been seen an hour earlier.
Several boats in the area also helped in the search.
The body was found by a remotely operated submersible and was recovered from the water.
Royal Dutch Shell Plc, Europe’s largest oil company, may cut additional staff at Gulf Coast refineries and chemical plants to reduce costs.
“We did cost reviews at all our Gulf Coast sites,” said Anne Peebles, a Shell spokeswoman. “I believe impacted employees have already been communicated to. Should future staff reductions occur, employees will be communicated with.”
The review is expected to be completed by the end of the year, according to Peebles, who declined to say how many employees have been let go.
Peebles said Shell’s Motiva plant in Convent, Louisiana, is not for sale. Motiva Enterprises LLC is a joint venture of Shell and Saudi Arabia’s state oil company.
“Shell and Motiva continuously review its portfolio across all businesses,” she said when asked if other Gulf Coast plants were for sale.”
JULY 17, 2009, 2.47 AM ET
LONDON (Dow Jones)–Income performance at Motiva Enterprises LLC’s Convent refinery near Baton Rouge in Louisiana has been dismal since July 2008 and the company needs to cut costs to return to profitability, according to an internal email from part-owner Royal Dutch Shell PLC (RDSB) which was leaked to a blog critical of the company.
“We are getting our costs in line at Convent in order to become competitive in a tough business environment,” the email sent to Motiva staff by manager David Brignac said. “We are considering reductions in operator positions, but no final decisions have been made on operator staffing levels,” he writes in the email posted Friday on royaldutchshellplc.com.
Brignac denied that the company already has plans for a second round of layoffs at the refinery but says it is impossible to predict the future and, “whenever we as a business entity are not generating income, we are not in control of our own destiny.”
Some analysts expect Shell’s refining business to have made a loss in the second quarter because of low profit margins, weak demand and high stocks of transport fuels. New Chief Executive Peter Voser plans a major restructuring of the company, trimming back some unprofitable units. Earlier this month the company said it is considering selling or closing its 130,000 barrel a day refinery in Quebec, Canada.
Motiva is a joint venture between Shell and a subsidiary of state-owned Saudi Aramco. It operates nearly 7,700 gasoline stations, three refineries with combined capacity of 740,000 barrels per day and oil storage facilities.
Company Web site: http://www.royaldutchshellplc.com
-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; james.herron@dowjones.com
Dow Jones Syndicated…
(NASDAQ stock exchange began trading on February 8, 1971 and merged with the American Stock Exchange in 1998)
MARTINEZ — Friends and family of an Antioch man and Shell Martinez Refinery employee who drowned in a water tower at the facility shed tears of relief Thursday after jurors at an inquest into the death determined it was accidental.
Click to continue reading “Inquest finds drowning of Shell refinery worker was accidental”
HOUSTON (Reuters) – Shell Oil Co said on Thursday it was considering staff cuts at its refineries and chemical plants on the U.S. Gulf Coast to reduce costs in the current recession. Among the plants where reductions are being considered are the refineries Shell operates jointly with Saudi Aramco through Motiva Enterprises
Click to continue reading “Shell weighs staff cuts at U.S. Gulf refineries”
MARTINEZ — An inquest is under way today into the death of a veteran Shell Martinez Refinery worker who drowned in a water tower at the facility in April.
Click to continue reading “Inquest under way into death of Shell refinery worker”
: John Great stuff to re-post some historical events in Shell. It shows that your network has mostly been spot-on predicting what was wrong and what would happen. It also shows how long a big company can continue on a substandard level and still do reasonably well. Could it be that a high oilprice has helped a bit? I remember that evil Watts still very well. He has gone completely silent the last few years, exactly what can be expected of a small minded man. Presumably he is working his Japanese garden and repenting in his home church, trying to buy absolution and still hoping not to go to hell but instead a very long time in the purgatory.... I fear in vain! It would be also be nice if you could dig out some old records in which the man with the facial hair (aka Mr TFA) has been promising increasing production levels and if I am not mistaken, he even projected more than 6 million bopd to be reached about now. But he never delivered and still is on seat!! He has been at it for some 15 yrs or more by now. In the past we learned faster in Shell but then there was less fear and more decent people at the top. Keep the good work up!
: SHELL EXPECT US: REPLY TO WILLIAM TELL BY JOHN DONOVAN. We have exchanged email correspondence with you. As I believe I have pointed out to you previously, if you supply any Shell internal emails, we would insist on giving Shell sight of the emails before publication of the emails or any related information. It is our normal practice to give Shell the opportunity to comment on authenticity unless the information comes from a trusted source.
: Well, well - if anyone wishes to get a flavour of what is possible in the wild west of Ireland I suggest you watch the wonderful John Michael 2011 film "The Guard" starring Brendan Gleeson. Anything & everything is possible out there.
: Are we to understand that the violent conduct we witnessed on Irish newsreel shots from Corrib in Mayo were fueled by Shell supplied alcohol to Irish policemen ...tell me no ...innocent decent people protecting their homes
: John saw your reply it all happend ok problem is the Hague is now in charge of the situation all Irish corrib staff have been silenced four people have been let go over their part any one who speaks or produces evidence will suffer big time the cops who got the booze are watching from the sideline also in silence hoping for a clean outcome . If it was all exposed the project be stopped that came from the horses mouth Shell .
: I am ashamed by the conduct of Shell HR in the Anti Discrimination case. As a company we should honour these issues. The mentioned HR rep (Van Barlingen) in the article did much more damage to Shell's reputation by her cold reply and non-action. I truly hope that senior HR management will overrule this decision and decide in favour of Mr Gatti.
: Mr Donovan are you aware that a one thousand euro reward is on offer in Mayo for the name of the supplier of large amounts of alcohol to local Garda on behalf of Roadbridge Shell. REPLY BY JOHN DONOVAN: I have seen the various allegations and comments posted here, but no evidence. If anyone has any evidence to support these allegations, please sent it to me: john@shellnews.net
: Still criminal offence to bribe Gardai Rb who supplied it? next you will say you didn't pay for home improvements or will you ?
: Roadbridge supplied no booze to Garda on Corrib others supplied it Roadbridge were told to pay for it get your facts right jp
: Corrib Project comments from G Hamilton not correct Roadbridge Shell main contractor supplied large amounts of booze to police protecting the project now the press have a hold of the story and panic has set in....oh what a tangled web we weave when first ...etc ect
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