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Posts from ‘October, 2013’

Shell’s Limited Wiggle Room

It may be Halloween but Royal Dutch Shell didn’t have treats to offer investors Thursday… the Anglo-Dutch energy company’s third-quarter results—with earnings excluding the impact of inventories down 31%—showed a business under multiple strains… Its U.S. upstream business continues to lose money. And downstream, with refining margins under severe pressure, earnings dropped by half. FULL […]

Why no profits warning from Shell?

Good Morning Shell shareholders. Or rather bad morning. Shell’s results are out and it’s deja vu. Earnings are down from $6.2bn to $4.2bn. The shares opened 4% down. At the time of writing this article they are down 5%. Shell once again appears to be in breach of DTR 2 (Disclosure and control of insider […]

Royal Dutch Shell profit hit by Nigeria unrest

Royal Dutch Shell’s net profit slid 35 percent in the third quarter on lower refining margins and disruption to production in Nigeria, the Anglo-Dutch energy giant said on Thursday. “We are facing headwinds from weak industry refining margins, and the security situation in Nigeria, which continue to erode the near term outlook,” Royal Dutch Shell […]

Did BP, Shell, Statoil, And Others Fix Oil Prices?

Did BP, Shell, Statoil, And Others Fix Oil Prices And Behave Anti-Competitively? By Werner Kranenburg: Oct 30 2013, 13:46 In legal proceedings, which may prove critical for both physical oil traders and traders in oil-related financial instruments, who should take note for their own possible action, the focus of attention has of last week firmly […]

Shell Looks to Sell Nigerian Pipeline

By Sarah Kent, Benoît Faucon, Justin Scheck  Royal Dutch Shell PLC is trying to exit an oil-rich but violent part of Nigeria, say people briefed on the company’s plans to sell a leak-prone pipeline and several oil wells there. In recent weeks, the Anglo-Dutch energy giant has had early talks with Nigeria-based companies over selling […]

The Shell Make Money Story

The Shell Make Money story stretches back several decades. It is a story of spectacular success in terms of a sales promotion catching the public and media imagination, while also generating a huge boost in gasoline sales. Unfortunately the behind-the-scenes story is not so rosy, with Shell engaging in prize-rigging, deception and outright treachery. By […]

Gabon awards oil blocks; says can double production

Royal Dutch Shell and Total, both significant producers in the former French colony, participated in the round but came away empty-handed. Tue Oct 29, 2013 2:11pm EDT * Oil minister aims for production of 500,000 bpd * Ophir Energy, Exxon, Eni and Repsol among winners * Established producers Total, Shell empty handed By Jean Rovys […]

Wikipedia editing scandal

Wikipedia cannot say that it was not warned long ago about the corrupt practices going on behind the scenes by some members of its volunteer army of supposedly unpaid editors; an unhealthy culture of manipulation, secrecy, bullying and censorship, driven mostly by the root of all evil: money. By John Donovan Like many other people, […]

Shell’s mega(lomanic) FLNG project

Have you noticed it has gone a bit quiet around Andy Brown? Heralded as the saviour of the Upstream! He is not making a big impact apparently. And you should keep an eye open for this mega(lomanic) project of the FLNG. A floating LNG unit, described to be so long that it is equal to […]

Oil giants BP and Shell set for slump in profits

Rival Royal Dutch Shell puts out its third-quarter numbers on Thursday, with analysts at Deutsche Bank warning that they are viewing the update with ‘continuing trepidation’ after a disappointing second quarter.  PUBLISHED: 21:37, 27 October 2013 | UPDATED: 08:03, 28 October 2013 BP will this week raise its estimate of how much the 2010 Gulf […]

BP and Shell profits set to fall by billions

Shell will report that its net earnings have fallen 25 per cent to £4.9 billion, due to its struggles with spills, theft and disruption at its Nigerian operations, as well as higher exploration costs and a weak refining and petrol market. “Unfortunately, ongoing issues in Nigeria, higher exploration charges, losses in Upstream Americas plus a […]

Decisive moment approaching in OSSL Shell saga

Consequently it seems that we may now be reaching a decisive moment in this high stakes long drawn out saga, with an inevitable outcome that action will be taken when the Irish Police Ombudsman Commission completes its investigation. Either OSSL directors, whose repeated allegations has resulted in substantial Garda resources being devoted to the investigations, […]

Shell’s flawed Scenarios predictions

Shell has been forecasting dramatic increases in its own production (which have never materialised) for years. If they cannot accurately forecast how their own assets will perform, how can they expect to forecast the whole world’s activities. Vince Cable was actively involved in scenario planning development while at Shell. Need I say more? By John […]

Floating LNG Figures Fly in Face of Woodside Cost Claims

23 October 2013 The Western Australian government’s economic and industry standing committee said the return on investment achieved via the use of FLNG would be between 12.5 to 13 per cent, conferring an edge of as little as one percentage point compared to the 11.5 percent ROI for onshore processing. Fran Logan, deputy chairman of […]

A statement from OSSL at the request of RTE

A statement  from OSSL at the request of RTE … Several weeks ago we were approached by the Garda …we did not approach them …we were asked to participate in an enquiry regarding allegations of alcohol being supplied to members of An Garda Siochana. We fully complied with that enquiry. About that time Shell E&P […]

Garda Ombudsman to investigate Shell alcohol allegations

The commission confirmed to The Irish Times it had “received material” from the Garda Síochána relating to the allegations, which was forwarded to it under section 85 of the Garda Síochána Act. “Following consideration of that material, GSOC is now investigating the matter,” it said yesterday. It is understood that the material was forwarded to […]

Inquiry into garda alcohol delivery allegations

The Garda Síochána Ombudsman Commission has launched an investigation into complaints made in connection with allegations by a former Corrib gas contractor that it supplied a consignment of alcohol to Belmullet Garda Station before Christmas 2007. The investigation was opened yesterday after the commission received statements taken by gardaí. The commission said that contained in […]

Production from Kansas oil fields comes up short

…many energy companies are scaling back and in some cases even giving up. Shell Oil, which leased 600,000 acres for exploration and development, announced in September it was leaving the state because production from its initial wells didn’t meet its target. By STEVE EVERLY: The Kansas City Star: October 22 The bloom is off those […]

Garda Ombudsman to investigate Shell ‘booze bribes’ allegations

Shell said it welcomes the news of an investigation, and that it will co-operate fully. THE GARDA OMBUDSMAN  is to investigate allegations that a contractor for Shell provided alcohol to garda­ in Co Mayo. The Ombudsman told this evening: The Garda Ombudsman received material from the Garda Siochána in accordance with section 85 of […]

Garda watchdog to investigate Corrib booze claims

THE garda watchdog is expected to reveal today (Tuesday) that it will open an investigation into allegations by a former Corrib gas contractor who claims he supplied a large quantity of alcohol to Belmullet Garda Station before Christmas 2007. This follows GSOC’s (Garda Síochána Ombudsman Commission) receipt of the findings of an investigation into the […]

Garda Ombudsman Commission to investigate OSSL allegations

By John Donovan The Garda Síochána Ombudsman Commission (GSOC), the Irish independent statutory body responsible for receiving and dealing with complaints about the Irish police force, the Garda Síochána, has decided to launch a full investigation of OSSL allegations against Shell. This was after receiving the findings of an investigation by Superintendent Thomas Murphy, including […]

Shell to Pay $280 Million for Share of Brazilian Off-Shore Drilling Rights

By Tim Brugger: October 21, 2013 In what CEO Peter Voser refers to as “one of the largest deep water oil accumulations in the world,” Royal Dutch Shell (NYSE: RDS-A & RDS-B), along with four other oil producers, will pay $280 Million for a 35-year contract to begin drilling in the Libra discovery in the […]

Shell Announces Successful Bid for Giant Field in Deep Water Brazil

HOUSTON, October 21, 2013 /PRNewswire via COMTEX/ — A consortium of companies, including Royal Dutch Shell plc, Petrobras, Total, CNPC and CNOOC, won today a 35-year production sharing contract to develop the giant Libra pre-salt oil discovery located in the Santos Basin, offshore Brazil. FULL ARTICLE

Discovery ensues in Motiva explosion suit

According to the lawsuit, on July 31, 2011, Carrell was working at the Motiva facility when an explosion occurred, causing him to suffer bodily injuries. October 21, 2013 2:02 PM By David Yates Discovery continues to dominant litigation brought by Jasper County resident Tommy Carrell Jr., who sued Motiva Enterprises for alleged injuries he received […]

Brazil Sends Army to Protect First Pre-Salt Oil Sale

The Brazilian government is dispatching army troops to protect the auction of a $184 billion oilfield today in a Rio de Janeiro hotel. Soldiers, army vehicles, helicopters and navy ships are guarding the hotel in a beach-side suburb of Rio where companies including China National Petroleum Corp., Royal Dutch Shell Plc (RDSA) and Total SA […]

Chris Finlayson saw himself as the victim of a brutal Shell regime

In summary, and there was evidence in 1999 to support this to a degree, Finlayson (right) saw himself as a victim of a brutal regime run out of Seafield House where the TFA mode was born and his MD Malcolm Brinded who was frantically doing everything in his power to suppress all this because he […]

Shell’s giant floating refrigerator to tap new gas reserves

Chief executive Peter Voser tells Emily Gosden why the massive Prelude vessel is a game-changer By Emily Gosden, in Geoje, South Korea 6:00AM BST 21 Oct 2013  Peter Voser is surveying the view from the Prelude vessel, which he has just boarded for the first time. “Now you see the difference,” he says, pointing out […]

Dozens of LNG platforms to be developed – Shell

Dozens of floating liquefied natural gas (LNG) vessels will be developed by the energy industry over the next two decades, according to Royal Dutch Shell By Emily Gosden, in Geoje South Korea 6:00AM BST 21 Oct 2013 Dozens of floating liquefied natural gas (LNG) vessels will be developed by the energy industry over the next […]

Shell and Iran on Dutch TV

John Perhaps you can give a little ‘heads up’ to your followers in the Netherlands. On TV station Nederland 2 there is the programme ‘Tegenlicht’. Shell apparently refused to cooperate so they did the research on big data available on the internet. In a preview yesterday evening it was claimed that all will be revealed […]

Bogs and Booze

John Donovan of who, along with his father, Alfred, worked with Shell up until the early 1990s, has pointed to the reluctance of Shell to take court proceedings against OSSL and of An Garda Siochana to investigate as very curious: “It would follow that if the allegations are false and the items on the […]

Nigeria’s booming oil theft racket costs $1B a month

Royal Dutch Shell is selling off four of its onshore Nigerian oil blocks because of the constant theft of large volumes oil from its pipelines, officials said. Oct. 18, 2013 PORT HARCOURT, Nigeria, Oct. 18 (UPI) — Royal Dutch Shell is selling off four of its onshore Nigerian oil blocks because of the constant theft […]

Argentines urge Greenpeace activists’ release

Buenos Aires — Around 100 protesters staged an action at a Shell gas station in Argentina on Friday, demanding Russia release 30 Greenpeace activists jailed after protesting the oil giant’s Arctic drilling operations. Buenos Aires — Around 100 protesters staged an action at a Shell gas station in Argentina on Friday, demanding Russia release 30 […]

Marchers protest against fracking

More than 200 people marched almost 3km in strong winds to the Shell offices on Cape Town’s Foreshore yesterday to register their objections to fracking in South Africa. Shell’s Karoo fracking plans have sparked a battle between the government and farmers, as well as conservationists. By PAIGE SUTHERLAND: October 19 2013 at 02:51pm More than […]

Shell pulls back on Arctic drilling near Russia’s Sakhalin Island

Alaska Dispatch: October 18, 2013 An environmental group opposed to drilling in the sub-Arctic says that Sakhalin Energy has pulled back on plans for two new oil drilling platforms off Sakhalin Island. Pacific Environment says Royal Dutch Shell and Gazprom decided not to move ahead with a new mobile platform in 2014 and delayed a […]

Shell train wreck in sight?

TIME TO PUT ON THE HARD HATS? Overall, Shell’s strategy now seems to involve stopping capex and unloading assets in something resembling a fire sale – perhaps to cover the losses in the US, perhaps because it sees a need to fight off a hostile takeover, or perhaps because of the potential liabilities if it […]

EPA confirms Shell can still use original Corrib emissions licence

The Environmental Protection Agency has confirmed that Shell E&P Ireland can fall back on the original emissions licence for the Corrib gas refinery, following this week’s quashing of a modified version of the permit in the Commercial Court. A section of the Corrib gas line at Aughoose, Co Mayo. Photograph: Dara Mac Dónaill Lorna Siggins: […]

Setback for the Shell Corrib gas pipeline

Another setback for the Shell Corrib gas pipeline Mayo Advertiser, October 18, 2013. The Commercial Court on Tuesday granted an order quashing a revised licence which was issued for the Shell gas terminal in north Mayo. The refinery site at Ballinaboy was granted a revised licence by the Environmental Protection Agency last June to construct […]

At least 40 in Canadian Shale gas protest

At least 40 people were arrested after a protest at a shale gas development in the Canadian province of New Brunswick turned violent, say police, BBC News reported. A shot was fired, petrol bombs were tossed and police cars torched at the blockade near the town of Rexton. The Royal Canadian Mounted Police said arrests […]

U.S. ‘over-fracked and over-drilled,’ Shell technology official says: Hype ‘dangerous’

The United States’ oil and gas industry has “over-fracked and overdrilled”, according to Matthias Bichsel, projects and technology director at Royal Dutch Shell Plc. By Yadullah Hussain, Financial Post October 17, 2013 11:00 PMThe United States’ oil and gas industry has “over-fracked and overdrilled”, according to Matthias Bichsel, projects and technology director at Royal Dutch […]

Floating was only Browse option: Voser

Royal Dutch Shell chief executive Peter Voser has pushed back against criticism by West Australian premier Colin Barnett over plans to develop the Browse gasfields using floating LNG technology instead of building the project onshore… Royal Dutch Shell chief executive Peter Voser has pushed back against criticism by West Australian premier Colin Barnett over plans […]

Shell to Sea tender for oil and gas review

“Corporations like Shell focus on what they call stakeholder buy-in, in layman’s terms this means cultivating relationships with key civil servants, political hacks, and PR teams persuading them to keep government policy tilted in favour of the industry – and not the citizen.” Mayo Advertiser, October 18, 2013. Shell to Sea has submitted a tender […]

Peter Voser: cheap shale gas is a myth

Shale gas will not change energy pricing structures across the world, according to the chief executive of Shell By Emily Gosden, in Geoje, South Korea: 8:30PM BST 16 Oct 2013 It is a “myth” that exports of cheap shale gas from America will cut gas prices in Europe and Asia, Peter Voser, chief executive of […]

Today at Irish Police Headquarters in Dublin

Desmond Kane of OSSL at Irish Police Headquarters today, Thursday 17 October 2012… Still campaigning for Shell to pay for alcohol festive gifts (bribes) distributed by OSSL to thirsty Garda officers on Shell’s instructions.

Shell, Chevron Pay Millions To Settle Contamination Claims

By Jeff Sistrunk Law360, Los Angeles (October 16, 2013, 4:19 PM ET) — Shell Oil Co. and Chevron Corp. have agreed to pay $4.5 million and $1.1 million, respectively, to settle claims by the Crescenta Valley Water District that their gasoline contaminated the utility’s wells and nearby groundwater, according to court records. U.S. District Judge […]

Court ruling a setback for a project which has overrun on costs and time

Court ruling a setback for a project which has overrun on costs and time… at least nine years behind schedule… Work remains suspended on tunnelling this final section of pipeline… By Lorna Siggins: Wed, Oct 16, 2013 Shell E&P Ireland Ltd (SEPIL) has played down the significance of yesterday’s Commercial Court decision quashing an emissions […]

Shell loses licence to operate controversial Mayo gas terminal

Harrington had argued that the EPA failed to carry out a proper environmental impact assessment before granting the licence for Shell to operate the Mayo gas refinery and the Commercial Court found there were defects in the carrying out of the assessment. SHELL HAS LOST a licence to operate a gas terminal at Bellanaboy in […]

South Africa Says Fracking Fluids Must Be Disclosed by Explorers

Royal Dutch Shell Plc and other explorers have applied for permits to explore the semi-desert Karoo region. South Africa, which in 2012 ended a ban on the practice known as fracking, estimates shale gas may generate 1 trillion rand ($100 billion) of sales in 30 years. By Paul Burkhardt – Oct 15, 2013 8:35 PM […]

Corrib tunnel works still suspended

OVER five weeks after the tragic death of a Corrib gas tunnel worker, operations still have not restarted on the sub-sea tunnel. Twenty-six-year-old German national Lars Wagner sustained fatal injuries early on the morning of Sunday, September 8, when a compressed air-pipe attached to the Tunnel Boring Machine (TBM) exploded. Áine Ryan: Tuesday, 15 October […]

Revised Corrib gas licence quashed by court

The revised licence for the operation of the Shell gas terminal at Ballinaboy, Co Mayo, has been quashed by the Commercial Court. In a setback for the Shell Corrib gas pipeline project… Updated: Tuesday, 15 Oct 2013 16:04 The revised licence for the operation of the Shell gas terminal at Ballinaboy, Co Mayo, has been […]

The European refining industry is undergoing a shake-out as new entrants see opportunities

FINANCIAL TIMES By Sylvia Pfeifer: Oil processing: A refined model: October 14, 2013 7:04 pm EXTRACT: The former Shell refinery is no longer lossmaking. Its first full-year of operation as a profitable entity was in 2011. So what does Mr Klesch know that Shell, Europe’s biggest oil and gas company by market capitalisation, did not? […]

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