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Posts from ‘January, 2013’

Shell tries to downplay historic precedent setting verdict

By John Donovan The Times published an important article by Tim Webb today under the headline: “Shell counts cost of oil damage in Niger Delta.” (Page 39, Thursday 31 Jan 2013). Tim correctly makes the simple, but immensely important point: “IT IS THE FIRST TIME THAT A COURT OUTSIDE NIGERIA HAS ORDERED SHELL TO PAY […]

Shell: The Slumbering Giant

Thursday, January 31, 2013 By ANDREW PEAPLE Royal Dutch Shell RDSB.LN -2.88% isn’t an obvious candidate for sympathy. The oil and (increasingly) gas major raked in $26.6 billion last year, with Brent crude-oil prices averaging above $100 per barrel. Yet Shell’s full-year earnings were 14% down on 2011 and missed consensus forecasts, while its oil output […]

Shell to Boost Exploration Spending

January 31, 2013 Falling profits at Royal Dutch Shell last year could be explained by volatile oil and gas prices. But Heard on the Street’s Andrew Peaple reckons economies of scale may no longer be working for the oil behemoth. LONDON—U.K.-listed oil and gas company Royal Dutch Shell RDSB.LN -2.73% PLC Thursday said it would increase […]

Shell Misses Profit Estimates, Says Investment Costs to Increase

By Brian Swint – Jan 31, 2013 8:04 AM GMT Royal Dutch Shell Plc (RDSA), Europe’s biggest energy company, said investment will increase after fourth-quarter profit missed analyst estimates on weaker North American fuel prices. Excluding one-time items and inventory changes, profit was $5.6 billion. That was below the $6.2 billion average estimate of 11 […]

Royal Dutch Shell profits hit by oil price volatility

31 January 2013 Last updated at 07:41 Annual profits at Royal Dutch Shell have fallen to $27bn (£17bn), from $28.6bn in 2011. Profits for the last three months of the year rose to $7.3bn, against $6.5bn, but Shell was hit by generally weaker oil and gas prices during 2012. Peter Voser, chief executive of Europe’s […]

Dutch court says Shell responsible for Nigeria spills

(Reuters) – A Dutch court ruled on Wednesday that Royal Dutch Shell’s Nigerian subsidiary was responsible for a case of oil pollution in the Niger Delta and ordered it to pay damages in a decision that could open the door to further litigation.  By Ivana Sekularac and Anthony Deutsch THE HAGUE | Wed Jan 30, […]

Shell faces damages over Nigeria oil spill

Speaking to Al Jazeera, Channa Samkalden, a lawyer acting on behalf of the Nigerian farmers, said:  “Overall it’s actually quite a good outcome for us. “At least Shell was held liable for one of the cases. That’s a good start. Also, a very important fact is that the court has said that Shell has a […]

Dutch court rejects most of Shell spill case

A Dutch court has ruled that a subsidiary of international oil giant Royal Dutch Shell should be held responsible for pipeline leaks poisoning farmland in Nigeria. It was believed to be the first time a Dutch court has held a multinational’s foreign subsidiary liable for environmental damage and ordered it to pay damages. A Friends […]

Shell Nigeria case: Court acquits firm on most charges

A Dutch court has rejected four out of five allegations against Anglo-Dutch oil giant Shell over oil pollution in Nigeria’s Niger Delta region. But it found a subsidiary of the firm, Shell Nigeria, responsible for one case of pollution, ordering it to pay compensation to a Nigerian farmer. 30 January 2013 Last updated at 13:02 […]

How Four Nigerian Villagers Took Shell to Court

Four Nigerian villagers from the Niger River delta have challenged mighty Shell in a Dutch court. They complain that the oil giant has caused environmental devastation and ruined their homes. A verdict in the unprecedented case is expected today. Battling Big Oil: How Four Nigerian Villagers Took Shell to Court By Nils Klawitter Four Nigerian […]

Dutch civil court ruling on Shell’s responsibility for cleaning up oil spills in Nigeria

Published January 30, 2013 by Associated Press THE HAGUE, Netherlands –  Dutch judges are ruling in a landmark civil action by Nigerian farmers who want to hold oil giant Shell liable for poisoning their fish ponds and farmlands with leaking pipelines. The decision being announced Wednesday could set a legal precedent for holding multinationals responsible […]

Selection of Shell related article links 29 Jan 2013

Selection of Shell related article links kindly supplied by a regular contributor Teck and Shell bicker over oil sands projects: National Post-CALGARY — A land dispute with Shell Canada Ltd. is threatening Teck Resources Ltd.’s first standalone oil sands project, adding uncertainty … President Obama Should Prioritize Protecting the Arctic as Part of …: Huffington […]

Shell verdict will determine whether other firms could be tried for oil spills

…the reality is that despite condemnation by the UN Environment programme in 2011, despite Nigerian government promises, NGO fury and mounting despair in the communities, Shell’s oil spills go on, the gas flaring continues and the people of the delta remain as poor as ever. The verdict is due tomorrow. People affected in the Niger […]

Repsol likely to sell LNG assets to Shell: report

By MarketWatch Jan. 28, 2013 The board of Spain’s Repsol SA will analyze and likely approve at its meeting Wednesday the sale of the oil company’s liquefied natural gas assets to Royal Dutch Shell, reports Cinco Dias in its Tuesday Internet edition, citing people close to the operation. The company was initially looking to raise […]

Shell, Kinder Morgan to jointly export LNG from the United States

Mon Jan 28, 2013 9:10am EST (Reuters) – Royal Dutch Shell Plc (RDSa.L) said it will tie up with Kinder Morgan Inc (KMI.N) to export liquefied natural gas (LNG) from a terminal near Savannah, Georgia. El Paso Pipeline Partners LP (EPB.N), a Kinder Morgan unit, and Shell will form a limited liability company to develop […]

Simon Henry feared Shell would ‘score an own goal’ on reserves

Simon Henry was at the heart of what was going on, conveying reserves data to the market while dealing with colleagues engaged in the fraud. We have to assume that none of them confided in him and that he was an innocent dupe. He was asking questions about accuracy of the reserves information, but some […]

New article about Shell CFO Simon Henry

Subject to any intervention/response by Shell, a new article about the starring role of Mr Simon Henry in the Shell reserves crisis will be published here at 4pm UK time today. By John Donovan Subject to any intervention/response by Shell, a new article about the starring role of Mr Simon Henry in the Shell reserves […]

Shell feels chill of Arctic problems

…the City is concerned about Shell’s prospects in the Arctic after the company’s Kulluk drilling rig ran aground off the coast of Alaska on New Year’s Eve. The grounding was the latest in a series of mishaps in Shell’s quest to extract oil from the polar region, which has cost the company £3.2bn but has […]

30 January 2013: Court Verdict Expected on Shell’s Nigerian Oil Pollution

At 10 am on 30 January, the court in The Hague will rule on the case of Milieudefensie and four Nigerian farmers versus Shell. The public sitting in this case took place on 11 October last year. The court case is unique because it is the first time that a Dutch multinational has been brought […]

Shell bets big on Ukrainian shale gas

DAVOS, Switzerland, Jan. 25 (UPI) — Shell Chief Executive Officer Peter Voser said there is significant shale natural gas potential in Ukraine. Voser told the BBC on the sidelines of the World Economic Forum in Davos, Switzerland, that Shell signed a 50-year production sharing contract to explore shale natural gas reserves in Ukraine. Ukraine is […]

Davos activists occupy Shell station to protest Arctic drilling, warn of environmental danger

By Associated Press, Updated: Friday, January 25, 10:23 AM DAVOS, Switzerland — Activists with a big fake polar bear have occupied a Shell service station in the Swiss resort of Davos to protest Royal Dutch Shell PLC’s oil drilling in the Arctic. About 25 activists from around Europe chained gas pumps together Friday at the station near […]

Shell accused of unethical conduct against Shell retailers in India

By John Donovan We have received a copy of an email from an irate Shell retailer in India, Sabir Mohammed, accusing Shell management in India of being cheats and liars. He also makes allegations about corruption. He claims many other Shell retailers in India share his concerns. He sent his email to Royal Dutch Shell […]

Shell win Public Eye ‘shame’ award at Davos from online voters

Shell won the public vote by a wide margin among 41,800 online voters, the two groups said, singling out its “highly risky search for fossil fuels in the fragile Arctic”. MENAFN – AFP – 24/01/2013 (MENAFN – AFP) Campaigners at Davos on Thursday awarded their annual Public Eye shame awards to Goldman Sachs and Shell […]

Shell oil spillage in Niger Delta up 70 percent in 2012

Shell Spilled 26,000 Barrels Oil In 2012, Up 70% On Year -SPDC Published January 24, 2013: Dow Jones Newswires Shell spilled about 26,000 barrels of oil in the Niger Delta in 2012, up 70% from the previous year, according to data released this month from Shell Petroleum Development Company (SPDC) of Nigeria. Last year’s 198 […]

Ukraine Signs Drilling Deal With Shell for Shale Gas

By STANLEY REED: Published: January 24, 2013 LONDON — Royal Dutch Shell, the largest oil company in Europe, has signed a contract to drill for natural gas in Ukraine. The company’s chief executive, Peter Voser, and the Ukrainian president, Viktor F. Yanukovich, signed a production agreement Thursday for the potentially prolific Yuzivska gas field in […]

Cyber attacks on Royal Dutch Shell Plc .com website: perpetrators risk JAIL

Breaking News… Thursday 24 January 2013: A 22-year-old is jailed for 18 months for carrying out cyber attacks with hacking group Anonymous. Christopher Weatherhead, of Holly Road, Northampton, was convicted last month for taking part in distributed denial of service, or DDoS, attacks on sites including Visa, Mastercard and PayPal. He was sentenced at Southwark […]

Royal Dutch Shell a pioneer in blacklisting

CURRENT NEWS – BLACKLISTING: As could be expected, Shell was a pioneer in this evil, sinister and totally unethical conduct, detailed in an article we published 2 years ago: “Shell’s North Sea history of safety violations, blackmail and blacklisting.”  By John Donovan “At last the scandal of the illegal blacklisting of so-called troublesome workers in […]

Constant cyber attacks on website continue

I want it to be known that all of the nasty activity described in my email to Royal Dutch Shell, including covert attacks, continues to this day, currently on a 24 hour basis. Someone apparently has very deep pockets and is clearly not very fond of us. By John Donovan On 11 November 2012, we […]

Shell big investors in a revolutionary mood

Shell News, this day, 9 years ago: Shell investors were still in a state of shock over the dramatic disclosure that Shell had vastly overstated its proven oil and gas reserves. The main villain, the fraudster, Sir Philip Watts, was still Royal Dutch Shell Group Chairman. Lord Oxburgh was still backing him. Daily Mail: Rebels […]

Shell Corrib Project $2.2 billion overbudget and delayed by 12 years

Shell Ireland has received a fresh cash injection of €125m from its parent to deal with the spiralling costs of the Corrib gas field project. Gas was originally expected to flow from the Mayo field in 2003, resulting in the project likely to be 12 years behind the original schedule, and the outlay on developing […]

Shell Libya Security Breach

There are 47 pages in all, many marked as confidential. The leaked files include a history of Shell’s long involvement with Libya, confidential technical information, confidential strategies and plans, including projections stretching many years ahead. By John Donovan We have combined a number of leaked files relating to Shell’s operations in Libya and have published […]

Motiva Restarts Expansion Segment Of Port Arthur Refinery- Source

Motiva Enterprises LLC has successfully restarted the expansion segment of its Port Arthur, Texas, refinery after months of setbacks and false starts, a person familiar with the refinery’s operations said.: The process of restarting the unit began late last year, but was further delayed by the discovery of new pipe leaks and a small fire. […]

Irish Supreme Court rules against Corrib protesters

Tuesday, January 22, 2013 The Supreme Court has today overturned a High Court decision by ruling that opponents of the Corrib gas pipeline are out of time to challenge the validity of the compulsory acquisition orders. The decision allows planning consent to be granted to Shell to build the pipe. The legal action began as […]

Shell Corrib Gas Project mired in corruption allegations

By John Donovan The graphic message below was apparently sent by email earlier today to Michael Crothers, the Chief Executive of Shell EP Ireland and Royal Dutch Shell CEO Peter Voser. It was fired off by an irate Irish company OSSL, a supplier of goods and services to the Shell Corrib project in Ireland. OSSL […]

Will the shale-oil revolution sink Shell’s Arctic ambitions?

Alex DeMarban | Jan 20, 2013 Perhaps more important than the clamor of environmentalists, the grandstanding of politicians, or the blunders of Royal Dutch Shell‘s own making is how long oil prices will remain high enough to support Arctic exploration in northern Alaska’s Beaufort and Chukchi seas. Not long, believes one analyst watching the clouds […]

Simon Henry and the reserves time bomb

Were they aware that Simon Henry was a key player, as Head of Global Investor Relations, in dealing with the reserves data and actually had responsibility to ensure the quality/accuracy of the data before it was disclosed to analysts and investors? As we all know, it turned out that some of the data was not […]

Nigeria’s Illegal Oil Refineries

Jan 15, 2013 Reuters photographer Akintunde Akinleye recently gained rare access to an illegal oil refinery near the river Nun in Nigeria’s oil state of Bayelsa. There, he was able to document the secret and dangerous practice of oil bunkering, where locals hack into oil pipelines, steal the crude oil, and refine or sell it […]

As Shell looks to future, critics point to timing, risks

Shell’s first year of drilling on those leases was nothing short of a PR disaster, with a grounded rig and a drifting drillship highlighting the challenges of searching for crude in the remote and icy waters hundreds of miles north of the Arctic Circle. The high-profile mishaps have prompted a federal investigation of the perils […]

Kulluk provides lesson in humility, Murphy’s law

Unlike some of Shell’s critics outside, we know the Gulf isn’t the Arctic, the Beaufort isn’t the Bering, Wainwright isn’t Dutch. But geography isn’t the issue here. It’s Shell’s judgment and operations. Posted: Friday, January 18, 2013 10:47 pm “If there is to be a path forward with respect to offshore energy development in the […]

Not So Fast On ‘Drill, baby, Drill’

Now that the operation has been nothing but bad news, the Obama administration must put an end to this terrible idea. By Jane Zhang ‘15, News Staff Reporter    Friday, 18 January 2013 00:00 On January 10, the Obama administration reviewed its decision to open up Alaska’s Chukchi and Beaufort Seas to oil exploration following […]

Does Obama become a nationalist when it comes to oil disasters?

Today, Shell is the company in the American hot seat, under investigation in the Dec. 31 grounding of a drilling vessel in the Alaskan Arctic, and a former senior BP executive is warning the Anglo-Dutch company of the ethnic calumny that is coming.: Shell should be prepared for him to start calling it ‘Royal Dutch.’ […]

Selection of Shell related article links 19 January 2013

Selection of Shell related article links kindly supplied by a regular contributor Scope of damage to Shell drill vessel more clear: Alaska Dispatch-The Kulluk, a floating rig that’s been used in Shell’s offshore oil and gas exploration in Alaska’s Arctic, suffered damage “consistent with what is … The Cordova Times – Opinion: We’ve been warned: […]

Shell’s plans in Arctic at risk as Obama advisers call for halt to oil exploration

The entire future of Shell’s drilling plans in the Arctic was put in doubt on Friday after two of Barack Obama’s most trusted advisers called for a permanent halt to oil exploration. In a piece for Bloomberg news, Carol Browner, who was Obama’s climate adviser during his first two years in office, and John Podesta, […]

Salvagers Tight-Lipped on Shell Vessel Recovery

By DAN JOLING Associated Press: ANCHORAGE, Alaska January 19, 2013 (AP) A spokeswoman for the united command overseeing the salvage of Royal Dutch Shell PLC drill barge that ran aground on a remote Alaska island says no new information will be released until a vessel assessment is completed. Shell’s drill vessel Kulluk (KUL’-uk) ran aground […]

Shell, Ukraine Sign Shale Gas Production Sharing Act

Jan. 18, 2013, 7:37 a.m. EST KYIV, Ukraine, January 18, 2013 /PRNewswire via COMTEX/ — The Donetsk and Kharkiv regional administrations voted in favor of the production sharing agreement with the oil and gas company Royal Dutch Shell. The document features ecology, social and other requirements for the investor and regulates the relationship between the […]

Short list of praiseworthy senior Royal Dutch Shell executives

Now we have his equally scandal tainted successor, Peter Voser, Chairman of the UBS Audit Committee at the time when UBS was engaged in all kinds of criminal activity. Posting on Shell Blog by LondonLad on Jan 17th, 2013 at 19:56 In all honesty can the Donovan’s kindly list some of the past and present […]

As Shell’s Arctic Drilling Hopes Hit Snags, Its Rivals Watch

HOUSTON — Royal Dutch Shell’s Arctic drilling program is now officially in jeopardy and its prospects will depend on the findings of two continuing federal inquiries. One review is on the grounding of the Kulluk drill ship on New Year’s Eve after it was set adrift for five days in stormy weather, and the other […]

Selection of Shell related article links 17 Jan 2013

Selection of Shell related article links kindly supplied by a regular contributor As one ship enough to tow Shell oil drilling rig in Gulf of Alaska?: Anchorage Daily News-Jan 14, 2013: Mass was so irritated by Shell’s assertions that he wrote a lengthy post disputing them on his weather blog. “Shell Oil made a misguided […]

Chris Finlayson: One can of worms after another

Despite his scandal-ridden record at Shell, Chris Finlayson was recently appointed as Chief Executive of BG Group plc. We have already published articles relating to his involvement in the Shell reserves fraud and his time as head of Shell in Russia, when he played a starring role in the Sakhalin 2 debacle, which cost Shell […]

Financial Advice for Oil & Gas Pension Holders

John   Found this on the web – have no idea if it is for real, but may be of interest to some of your readers? EXTRACT FROM THE WEBSITE IN QUESTION “I was pleasantly surprised to learn that I was able to transfer my Shell pension into a self invested scheme, with […]