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Posts on ‘July 28th, 2011’

Top 5 infamous data breaches

By Steve Evans: Published 8 July 2011

Thanks to WikiLeaks and hacktivists Anonymous, data breaches have never been higher up the agenda.

CBR looks at some of the more infamous incidents of data loss.

Extract

Shell, 2010

Keep your workers happy seems to be the message behind this leak. Energy giant Shell was rocked in early 2010 when a database of 170,000 of its workers was emailed out to human rights groups and environmental activists, including Greenpeace and royaldutchshellplc.com, a website run by anti-Shell campaigners. It was rumoured that the database was emailed out of the company by a disgruntled employee. According to The Times, a covering letter criticising Shell’s activities in Nigeria was sent out with the database, apparently signed by more than 100 workers in the US, Holland and the UK.

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Profits soar at Shell

guardian.co.uk home

Oil group unveils earnings of nearly £5bn for the last quarter

Profits at Shell soared 77% to nearly £5bn in the last three months, but the oil group said there was little chance of lower prices for motorists, with energy prices due to rise even further in the long term.

Chief executive Peter Voser said there was no point in blaming Shell for high pump prices given that the company made virtually “nothing” on petrol and 60% to 70% of the price for each litre went to the government in taxes.

“It’s the end of low-cost oil and gas. I think we are going into a world where finding the oil and gas is going to be more complex. It needs more money, needs more investment,” said Voser.

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Lawsuit on Shell Drilling May Become ‘Backdoor’ Ban, Odum Says

By Katarzyna Klimasinska – Jul 28, 2011 5:00 PM GMT+0100

A lawsuit by environmental groups over Royal Dutch Shell Plc (RDSA)’s oil drilling in the Gulf of Mexico may become a “backdoor moratorium” that curtails U.S. development, said Marvin Odum, the company’s U.S. president.

The Natural Resources Defense Council of New York and Oakland, California-based Earthjustice said Obama administration approval of a Shell exploration plan for the Gulf’s deep waters violates environmental laws and should be withdrawn, according to June 9 petitions.

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Canary Wharf, Qatar Buy Most of Shell’s London Campus for $490 Million

By Simon Packard – Jul 28, 2011 3:32 PM GMT+0100

Royal Dutch Shell Plc (RDSA) sold most of its London headquarters campus to Canary Wharf Group Plc and a unit of Qatar’s sovereign wealth fund for 300 million pounds ($490 million).

Canary Wharf, which developed the former docks in east London of the same name, and Qatari Diar Real Estate Investment Co. bought Shell Centre to redevelop the 5.25-acre (2.12 hectares) site near Waterloo railroad station into offices, shops and apartments, according to a statement. Shell’s 27-story office tower at the center of the complex wasn’t included.

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Don’t Allow Shell Oil to Destroy America’s Arctic

Posted: 7/28/11 07:48 AM ET

An Open Letter to Michael Bromwich, Director of the Bureau of Ocean Energy Management, Regulation and Enforcement

Re: Shell’s push to drill in the Arctic

Dear Director Bromwich:

You recently said that you were studying how to treat “[offshore drilling] operators who may have behaved badly in the past and whether they should be allowed to continue operating in the future.” I’m writing to tell you about one company that has not only been “behaving badly” in the past but plans to continue doing so into the future. Shell Oil is pushing to drill in America’s Arctic Ocean – an area pristine and untouched, home to some of our nation’s most beloved species of wildlife and relied upon for thousands of years by local indigenous peoples –with no effective way to clean up an oil spill in the Arctic’s ice-covered, remote and extreme conditions.

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Shell profits jump 77% on higher oil prices

28 July 2011 Last updated at 14:16

Oil giant Royal Dutch Shell has reported a 77% jump in second-quarter profit, thanks to higher energy prices.

Shell’s profit for the three months to June came in at $8bn (£4.9bn) on a current cost of supplies basis, up from $4.5bn in the same period last year.

Though oil and gas production was 2% lower than the same quarter in 2010, the company said it had benefited from asset sales in the first half of 2011.

Earlier this week, rival BP announced second-quarter profits of $5.3bn.

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Shell CEO: In Early Talks With Rosneft, ‘Interested’ In Arctic

By Alexis Flynn: Published July 28, 2011 Dow Jones Newswires

LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSA.LN) Chief Executive Peter Voser said Thursday the Anglo-Dutch energy giant is in early stage talks with Russia and OAO Rosneft (ROSN.RS) about further opportunities in the country after the recent collapse of a proposed BP PLC (BP)-Rosneft venture.

“We have had discussions with the Russian state and Rosneft and we are exploring opportunities within Russia and outside Russia. These talks are at a very early stage and it would be pure speculation to now talk about potential outcomes. The discussions are ongoing and we will inform the market at the appropriate time on how we are progressing,” said Voser.

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The black gold Shell sold for peanuts

From a Shell retiree

Hello John

You may want to have a look here:

http://www.cairnindia.com/IR/Pages/QuarterResult.

A few years ago Shell got rid of this acreage for peanuts because it was not worth having.

Cairn thought differently….

Extracts from related articles:

(1): Its site in Rajasthan, India, bought from Shell for next to nothing, has turned into a significant oil find. More recently, Cairn has negotiated a deal with India’s Oil & Natural Gas Corporation (ONGC) that allows it to participate in a joint venture to build a major refinery in Rajasthan. Given India’s growing power, this is likely to become a rather valuable asset.

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Shell Reports Higher Earnings on Oil Prices

Jason Alden/Bloomberg: A Shell station in London, U.K. Shell posted adjusted earnings of $6.6 billion, matching the mean estimate of nine analysts surveyed by Bloomberg.

By Eduard Gismatullin – Jul 28, 2011 8:47 AM GMT+0100

Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, said second-quarter earnings almost doubled on higher oil prices and project startups in Qatar and Canada.

Net income rose to $8.66 billion from $4.39 billion a year earlier, The Hague-based Shell said today in a statement. Excluding one-time items and inventory changes, profit matched analyst estimates.

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Royal Dutch Shell Profit Nearly Doubles

By : July 28, 2011

LONDON — Royal Dutch Shell, the biggest oil company in Europe, said on Thursday that its profit almost doubled in the second quarter on higher oil prices and as new oil and gas projects came on stream.

Profit rose to $8.7 billion in the April-through June period, from $4.4 billion in the same period last year, Shell said in a statement. Production fell 2 percent after Shell sold some assets and because of delays in drilling permits in the Gulf of Mexico.

“We have made important progress with new production in 2011, and the ramp-up of our new projects should drive our financial performance in the coming quarters,” the Shell chief executive Peter Voser said in the statement.

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Shell’s second-quarter profit rises 55%

July 28, 2011, 3:06 a.m. EDT

By Alexis Flynn

LONDON -(MarketWatch)- Royal Dutch Shell PLC (RDSB.LN) Thursday posted a 56% rise in adjusted profit for the second quarter, buoyed by higher oil prices and the first contributions from its recently delivered flagship projects in Canada and Qatar.

“Our second quarter 2011 earnings were higher than year-ago levels, driven by increased energy prices and Shell’s operating performance,” said Chief Executive Peter Voser.

The Anglo-Dutch energy company said the clean current cost of supplies, a keenly-watched figure that strips out gains or losses from inventories and other non-operating items, was $6.55 billion in the three months ended June 30, compared with $4.20 billion in the second quarter of 2010. This was roughly in line with expectations of $6.54 billion in a Dow Jones Newswires poll of twelve analysts.

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