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Posts from ‘October, 2013’

Shell’s Limited Wiggle Room

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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 ARTICLE BY HELEN THOMAS

Why no profits warning from Shell?

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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 information).

By John Donovan

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 information). There can be no doubt that this fall in profit has been insider information for several weeks now, if only with Simon Henry and Peter Voser, and 5% is a significant fall in share price. So the market disagrees with Shell’s apparent opinion that a Profit Warning under DTR 2 was not required.

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Royal Dutch Shell profit hit by Nigeria unrest

Screen Shot 2013-05-03 at 08.17.32Royal 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 chief executive Peter Voser said in the release.

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London – 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.

Profit after tax fell by a third to $4.677 billion (3.42 billion euros) in the three months to September 30 compared with the equivalent period in 2012, the company said in an earnings statement.

“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 chief executive Peter Voser said in the release.

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

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Screen Shot 2013-05-17 at 01.06.41Did 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 shifted to a federal trial court in Manhattan for now. The European Commission stating that “[e]ven small distortions of assessed prices may have a huge impact on the prices of crude oil…” concerns all involved and, besides governmental authorities, market participants have their role to play as well in ensuring the integrity of benchmarks and fairness of competition such as through the courts.

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Shell Looks to Sell Nigerian Pipeline

Potential access to full article subject to subscription

The Shell Make Money Story

Screen Shot 2013-09-27 at 13.24.30The 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 John Donovan

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 on two occasions 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.

Many promotional experts believe Shell Make Money was the most successful sales promotion ever conducted.  Don Marketing, the sales promotion company I co-founded, won an ISP Award for the 1984 promotion.

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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.

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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 Dabany

LIBREVILLE, Oct 29 (Reuters) – Gabon has awarded 13 oil and gas blocks to 11 companies as part of a major deepwater licensing round, which the Central African country hopes will double its output to 500,000 barrels per day (bpd), the oil minister said.

The bidding round, which has been delayed for three years, offers a chance for the former OPEC member to reverse a decline in production from a peak of about 370,000 bpd in the 1990s.

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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, I am a great admirer of Wikipedia and use it frequently.

The Wikipedia organization is laudably conducted on a non-profit making basis, has no subscription charges and does not allow advertising on Wikipedia articles.

It does however have a serious flaw in respect of Wikipedia articles about businesses.

I have rung alarm bells for several years that such articles are wide open to manipulation by anonymous parties with commercially driven motives.

I forecast that an editing scandal would inflict damage to the reputation of Wikipedia.

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Shell’s mega(lomanic) FLNG project

Screen Shot 2013-10-28 at 11.13.52Have 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 a par 5 golfhole… It will be the biggest vessel in the world ever, 600,000 tonnes. I would never work on something like this. Too dangerous. Initially perhaps OK, but then a like minded Brinded will come along and see costcutting possibilities. Such as the TFA. And you don’t screw around with gas.

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From an Old EP Hand 

John

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 quite a few jobs in the upstream are filled by downstream guys but they lack any feel for the business. Shell is still suffering from the generation of American managers that have transformed it to use their and the analysts language. My language would be that they ruined it. And it will take many years to fix the damage of all the short-termism and deterioration of technical skills. But I doubt if Shell will ever really recover. Destroying something good is a lot easier than building something good. If only the past generation of American managers would be half as good as the top technical people they had in abundance in the 70s-90s, Shell would have been still the best company in the world.

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Oil giants BP and Shell set for slump in profits

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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. 

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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 of Mexico spill will cost it as the oil giant and rival Shell report a slump in profits.

Lower refining margins are expected to eat into profits at both firms, while BP will see earnings hit by asset sales and Shell is set to feel the effect of fresh outages in its Nigerian operation.

City analysts expect BP, which will report its third-quarter results tomorrow to deliver ‘clean’ profits – stripping out the effect of oil price movements – of £2bn, down 37pc on last year.

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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 weak downstream environment do not augur well,” Investec said.

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BRITISH oil giants BP and Royal Dutch Shell are set to report plunging third-quarter profits this week, with both expected to say that they have been hit by weak refining margins and production outages, according to City analysts.

By: Helen Massy-Beresford

Aside from tougher market conditions, analysts believe BP’s Gulf of Mexico oil spill legal battles will weigh on its results expected on Tuesday. They predict increased US legal provisions will contribute to profits falling 37 per cent to £4.9 billion.Investec forecasts BP’s arch-rival 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 weak downstream environment do not augur well,” Investec said.

Deutsche Bank said challenges in Nigeria meant they viewed the quarter with “continuing trepidation” saying that in refining “Shell’s outsized footprint combined with the usual bout of unplanned downtime looks set to cost them dearly.”

Resources exploration firm BG Group, which was part of British Gas owner Centrica until 1997, is expected to say on Thursday that its profits for the third quarter have fallen 20 per cent to £1.8 billion.

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Decisive moment approaching in OSSL Shell saga

Screen Shot 2013-10-03 at 17.45.10Consequently 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, and have provided related witness statements, will surely be prosecuted for wasting police time and for perjury, or there will be serious repercussions for Shell and the relevant Garda officers? 

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By John Donovan

Shell’s former Mr Fixit company in Ireland OSSL, has made a number of serious allegations against Shell E&P Ireland.

The allegation that for understandable reasons, most caught the attention of the news media on an international basis and stunned Irish citizens, is that acting on Shell’s instructions, OSSL purchased and supplied to the Garda enough free booze to quench the thirst of several hundred cops.

Amazingly, senior Garda officers previously named on this website are said to have helped unload the free booze at a Garda police station. None have issued related defamation proceedings against this website or OSSL. None when given the opportunity to comment have denied that OSSL allegations are true.

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Shell’s flawed Scenarios predictions

Screen Shot 2013-03-01 at 22.08.52Shell 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?

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Screen Shot 2013-10-25 at 10.27.00By John Donovan

In the last several days there have been several articles published telling the world about the latest predictions from the famed Shell Scenarios soothsayers forecasting peak oil and the end of the oil era.

Shell says the end of the oil era is 2070: Mother Nature Network (blog)-by Jim Motavalli-Oct 18, 2013
Like the UN with its high, medium and low predictions, Shell is saying ” if … By 2070, the passenger road market could be nearly oil-free and …

Shell predicts petroleum-powered cars will be ‘nearly’ gone by 2070 …: Autoblog (blog)-by Sebastian Blanco-Oct 18, 2013
“By 2070, the passenger road market could be nearly oil-free.” That’s the key line (for us, anyway) in a report out from Shell titled New Lens …

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Floating LNG Figures Fly in Face of Woodside Cost Claims

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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 the committee, told a hearing in Perth that the figures came from an unreleased submission prepared by “a major organisation” involved with Browse, most likely either lead developer Woodside Petroleum, or joint-venture partner Shell, which already has extensive experience in the development of floating LNG facilities.

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A statement from OSSL at the request of RTE

Screen Shot 2013-10-03 at 17.49.34A 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 Ireland release statements rubbishing the claims by OSSL that had been the basis for the Garda enquiry.

The claims were factual the truth is highly inconvenient for Shell ..therefore we welcome the fact that the information supplied to the GSOC is to be further investigated.

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Garda Ombudsman to investigate Shell alcohol allegations

Screen Shot 2013-09-04 at 13.49.26The 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 the ombudsman by Garda Supt Thomas Murphy of Swinford station, who was tasked with a second Garda examination of the allegations by contractor OSSL.

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Lorna Siggins: Wed, Oct 23, 2013

The Garda Síochána Ombudsman Commission has initiated an investigation into allegations that a former contractor supplied alcohol on behalf of Shell E&P Ireland to Belmullet Garda station in Co Mayo at the height of the Corrib gas project dispute.

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.

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Inquiry into garda alcohol delivery allegations

Screen Shot 2013-10-03 at 17.45.10The 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 the complaints are allegations that gardaí have been involved in improper practices in accepting alcohol from OSSL on behalf of Shell E&P Ireland Limited.

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Screen Shot 2013-10-23 at 14.03.15Updated: Wednesday, 23 Oct 2013 11:11

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 the complaints are allegations that gardaí have been involved in improper practices in accepting alcohol from OSSL on behalf of Shell E&P Ireland Limited.

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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.

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By STEVE EVERLY: The Kansas City Star: October 22

The bloom is off those once rosy predictions for Kansas oil production.

Optimistic energy companies invested more than $1 billion in the state over the last couple of years, hoping that new methods and technology would help them recover gushers of oil and natural gas from underground rock.

But that’s turning out to be more difficult than expected. Production, though ample from some wells, has been less overall than hoped.

As a result, many energy companies are scaling back and in some cases even giving up.

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Garda Ombudsman to investigate Shell ‘booze bribes’ allegations

Shell said it welcomes the news of an investigation, and that it will co-operate fully.

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Screen Shot 2013-09-18 at 13.41.10THE GARDA OMBUDSMAN  is to investigate allegations that a contractor for Shell provided alcohol to garda­ in Co Mayo.

The Ombudsman told TheJournal.ie this evening:

The Garda Ombudsman received material from the Garda Siochána in accordance with section 85 of the Garda Siochána Act 2005. Following consideration of that material, the Garda Ombudsman has today begun an investigation.

Shell E&P Ireland Limited (SEPIL) said it welcomes the investigation into OSSLs allegations.

It said that in recent weeks, SEPIL provided information to Supt Murphys examination and will also co-operate fully with GSOCs forthcoming investigation.

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Garda watchdog to investigate Corrib booze claims

Screen Shot 2013-08-28 at 00.03.05THE 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 matter, led by a senior Mayo Garda, Superintendent Thomas Murphy.

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Áine Ryan: Tuesday, 22 October 2013 13:00

Senior garda has sent his report to GSOC

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 matter, led by a senior Mayo Garda, Superintendent Thomas Murphy.

A GSOC spokesman said yesterday it was ‘considering the content of that material’ while the Garda Press Office confirmed the examination has been completed and ‘all details passed on’ to the garda watchdog.

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Garda Ombudsman Commission to investigate OSSL allegations

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Screen Shot 2013-03-29 at 17.00.32By 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 evidence and witness statements obtain by him. 

The Garda had previously launched an internal investigation that concluded there was no evidence to support the OSSL allegations.

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

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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 Santos Basin, located about 105 miles off the Brazilian coast of Rio de Janeiro, Shell announced today.

According to Shell’s statement, Brazil’s governmental oil regulator estimates the Libra find has between 8 billion and 12 billion barrels of “recoverable resources.”

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Shell Announces Successful Bid for Giant Field in Deep Water Brazil

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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.

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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 in an explosion that occurred in July 2011 at the Port Arthur refinery.

As previously reported, the suit was filed Feb. 5 in Jefferson County District Court. motiva

Court records show the latest filing in the suit was a certificate of discovery filed Aug. 27.

The document shows Motiva served Carrell with its second request for production.

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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 (FP) are expected to vie for one of the world’s two largest offshore fields at 3 p.m. local time…

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October 21, 2013

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 (FP) are expected to vie for one of the world’s two largest offshore fields at 3 p.m. local time, as oil workers protest the concession. The security operation, which also includes police forces, began over the weekend.

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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 was seen by the Audit to be the principal architect of the demise in standards throughout the oilfield.  Finlayson in my book was weak, and ineffective, promoted in my opinion into a position he wasn’t competent or willing to handle.

EMAIL SENT 21 OCT 2013 TO A THIRD PARTY BY BILL CAMPBELL, RETIRED HSE GROUP AUDITOR, SHELL INTERNATIONAL

Subject: Chris Finlayson

My dealings with Chris were a long time ago during an Audit in 1999.  This Audit uncovered remarkably bad behaviour in the then Shell Expro organisation stemming from the business drivers and messages coming from the top of the organisation.  I spent some hours in the presence of Aberdeen auditors trying to get Finlayson to retract his statements made to journalists and the BBC North reporter Colin Wight that the Touch F All concerns raised by workforce representatives were unwarranted whilst in fact the situation was worse, much worse than anyone outside the organisation could have envisaged.  Last December on his appointment as the BG Chief the Independent newspaper (Mark Leftly) run a article on Finlayson titled if I can remember BG Chief breached safety rules when he was at Shell.  Subsequently I wrote a couple of articles putting the meat on the bones of this which John Donovan published.  BG given the right to reply made no comment and to date have not requested the evidence to support although this was offered to them.
 
In summary, and there was evidence in 1999 to support this to a degree, Finlayson 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 was seen by the Audit to be the principal architect of the demise in standards throughout the oilfield.  Finlayson in my book was weak, and ineffective, promoted in my opinion into a position he wasn’t competent or willing to handle.
 
Finlayson however was the accountable person as Oil Director that position in the installation Safety Cases having prime responsibility for the health and safety of some 3000 staff offshore (taking into account both shifts so in terms of the potential loss of life this figure has to be taken for quantitative assessment of risk).  After the MD brought the Audit to a premature halt Brent Bravo in particular continued to operate at intolerable risk levels.  The Audit actions reluctantly accepted by Finlayson but not implemented leading inevitably to the deaths in 2003.
 
All that I can say in summary is that in allowing Brent Bravo in particular to continue in operation Finlayson demonstrated a callous disregard for his duty of care for the health and safety of employees, direct and indirect, offshore.
 
Shell appears to accept this given that raised no objections to the articles published recently to commemorate the deaths, the evidence supporting these articles can be provide to you if you think this would be helpful to your cause.
 
I wish you luck and if I can help with any specific questions you may have please feel free to ask.
 
Regards
 
Bill

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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

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Emily Gosden

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 an oil tanker a few hundred yards away. “That’s a regular tanker. It’s a big one, yet a small one.”

Small compared with Prelude, that is. The same could be said of all the giant vessels here in Samsung Heavy Industries’ shipyard in Geoje, South Korea. Among them are liquefied natural gas (LNG) carriers, some of the world’s biggest ships. Yet all are dwarfed by Royal Dutch Shell’s monster. It is, as Voser puts it, “massive” – and it’s still only half-built.

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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

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Screen Shot 2013-02-01 at 22.25.42 Emily Gosden

6:00AM BST 21 Oct 2013

Dozens of floating liquefied natural gas (LNG) vessels will be developed by the energy industry over the next two decades, unlocking major new gas reserves that could otherwise not be produced, Royal Dutch Shell has predicted.

Speaking on a visit to the first ever floating LNG vessel, Prelude, which Shell is constructing in a South Korean shipyard, chief executive Peter Voser said there was no reason why the technology would not take off worldwide.

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Shell and Iran on Dutch TV

Screen Shot 2012-11-30 at 18.13.21John

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 on the Shell connection with Iran. The actual programme is being aired tonight, Monday 21 October.

It promises to be an interesting event!

Your site is getting too small to capture all the stuff from Shell in Ireland, shalegas disaster, Alaska disaster, looming tarsands disaster, very poor American management, earthquakes in Groningen etc etc.

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Bogs and Booze

Screen Shot 2012-11-12 at 15.56.19John Donovan of royaldutchshellplc.com 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 invoice false then, bearing in mind that OSSL has been pressing Shell for payment on false grounds, Shell must surely be legally bound as a public company to call in the Garda and/or the UK police to immediately investigate the relevant Irish or UK citizens responsible for what would undoubtedly be a very serious criminal act”.

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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.

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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 of large volumes oil from its pipelines, officials said.The move highlights the West African state’s growing battle with criminal syndicates that are stealing an average of 100,000 barrels of crude a day. That costs the continent’s second largest economy after South Africa up to $1 billion a month, a criminal enterprise on an industrial scale that officials say rivals the narcotics trade as the world’s most lucrative crime.

Oil industry officials and community workers say this massive theft of Nigeria’s key resource involves crooked politicians, security forces, oil industry personnel and oil traders.

There are also militant groups operating in the oil-rich but impoverished Niger Delta, a labyrinth of swamps and creeks that provide cover for the complex network of crime.

“There’s a sophisticated organization,” says Philip Mshelbila, Shell’s chief of communications in Lagos, Nigeria’s commercial capital. “Clearly it’s not just local. There has to be a wide network.”

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Argentines urge Greenpeace activists’ release

Screen Shot 2013-01-11 at 20.09.51Buenos 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.

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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.

Four demonstrators scaled the station’s roof in Buenos Aires, while 30 of them wore handcuffs to express solidarity with the 28 activists and two freelance journalists who are under arrest in Russia.

“Camila and Hernan, prisoners of the oil companies,” read a banner in support of Camila Speziale, 21, and Hernan Perez Orsi, 40, two Argentines in Russian custody.

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Marchers protest against fracking

Screen Shot 2012-07-12 at 16.32.59More 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.

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By PAIGE SUTHERLAND: October 19 2013 at 02:51pm

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.

Treasure Karoo Action Group chief executive Jonathan Deal said the march was to show the government that people would not let fracking destroy the environment.

The Treasure Karoo Action Group co-hosted the march with AfriForum and other NGOs.

“The people of South Africa need to understand the threat of fracking,” Deal said.

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

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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 decision on a permanent platform until 2017. Pacific Environment says that the platforms would threaten the survival of the Western Gray Whale, of which there are only about 150 alive.

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Shell train wreck in sight?

Screen Shot 2013-07-15 at 07.03.50TIME 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 is found to have been manipulating the oil price.

ARTICLE BY A SHELL RELATED SOURCE

John

The issue of the licence to operate the Corrib plant should be no more than a formality, but it seems that the EU has become involved in the matter. Giving approval to operate the plant prior to the environmental impact assessment is not very clever, as it implies that the EIA is a formality. On its own, this would be less significant but taken with the warning from the Norwegian government that Shell is in danger of being removed from their list of approved investments, the recent refusal by the UK government to agree to the planning approvals for Shell Centre, and the cancellation of the Chinese project suggests that something more serious is going on.
 
Of course it may be the potential liabilities associated with the EU price fixing investigation (and the EU has shown repeatedly that it is not beholden to Shell in the same way as the UK and Dutch governments) and it may also be the scale of the US shale gas and Arctic losses. The costs of these losses will fall partly on shareholders, but also to a large extent on the Dutch and UK  governments in the form of reduced tax receipts.
 
Shell (Voser) has admitted that its investments in unconventionals are not performing and will be sold – although Shell have acknowledged “impairments” of about $2bn this would represent less than 10% of the amount invested: it should be fairly obvious to anyone that after Voser’s comments a much larger loss should be anticipated. Added to the $5bn spent in Alaska, the losses are comparable in magnitude to BP’s losses on Macondo… The difference seems to be that the stock market (but presumably not sovereign wealth funds) does not realise that there is a train wreck coming, or is deluded by Shell’s maintenance of its share price by its continuous stock repurchases. Shell may actually have been operating at a loss for the past couple of years as a result of the Odum/Lawrence US projects.
 
Total has made no secret of its desire to break free from its franco-centric roots, and has announced that it will be moving some of its operations from Paris to London. Total also complained to the EU about the oil price issue, initiating the current investigation. Could a merger be on the horizon? Perhaps headquartered in London? There is space available! Normally any merger of this nature would involve disposal of some assets, and perhaps Corrib is now on the block along with the Nigerian assets – Chevron might also be interested, but with their ongoing problems in Ecuador and their own disposals in Nigeria, it should not be a surprise that they would not want to take on Shell’s Niger Delta assets.
 
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 is found to have been manipulating the oil price.
 
All of this is summed up quite well in the series of articles from the Daily Telegraph, together with your links at the end of the article. What a mess….

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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.

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A section of the Corrib gas line at Aughoose, Co Mayo. Photograph: Dara Mac Dónaill

Lorna Siggins: Friday, October 18, 2013

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.

The original licence was secured in late 2007 before new legislation on environmental impact assessments (EIA) was introduced, and expires in late 2014.

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Setback for the Shell Corrib gas pipeline

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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 a gas terminal, however it is now accepted that that there were defects in relation to how an environmental impact assessment (EIA) concerning the terminal development was carried out.

The EPA conceded in court that Martin Harrington, Doohoma, Ballina, was entitled to that order due to defects in the how the EIA concerning the terminal development was carried out.

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At least 40 in Canadian Shale gas protest

Screen Shot 2013-10-18 at 10.15.40At 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 were made for firearms violations, threats and intimidation.

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October 18, 2013 – 09:33 AMT

PanARMENIAN.Net – 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 were made for firearms violations, threats and intimidation.

Protesters have blockaded a staging area where an energy firm stores its equipment since 30 September.

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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.

Screen Shot 2013-10-18 at 10.02.38 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 Shell Plc.

“The reservoirs don’t need that many wells. The reservoirs don’t need that many stages of fracks, because not all the pieces of the rocks are as good,” Mr. Bichsel said in a telephone interview from Vancouver last week, where he was speaking at a company event.

The United States is on course to become the world’s largest oil supplier, according to PIRA Energy Group, a New York-based energy consultancy.

“The U.S. shale liquids growth of 3.2 million barrels per day over the last four years has been nearly unparalleled in the history of world oil; only Saudi Arabia in 1970-74 raised its production faster,” PIRA said in a statement.

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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...

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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, according to The Australian.

Mr Barnett has been vocal in criticising Shell and Woodside Petroleum Ltd for planning to construct the project offshore as the onshore option would result in more investment and jobs for the state.

However, Mr Voser, in his first public comments on the spat, said the onshore option was never financially viable, leaving developers with little choice but to pursue the floating option if the project was to be constructed at all.

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Shell to Sea tender for oil and gas review

Screen Shot 2013-09-24 at 18.48.35“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.”

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Mayo Advertiser, October 18, 2013.

Shell to Sea has submitted a tender application to the Department of Energy in response to Minister Pat Rabbitte’s call for expert advice to review the generous oil and gas terms that are currently on offer to oil and gas companies.

The Shell to Sea tender undertakes to “initiate the most thorough, far-reaching inquiry yet into the fiscal regime governing resource extraction in Ireland, taking all voices into consideration and evaluating all available data”. Shell to Sea stated that it would build on the work that had been published in its in-depth 44 page report entitled Liquid Assets, in which the 69 publicly known prospects and discoveries were analysed. This report showed that energy companies estimate the potential fields could contain 21 billion barrels of oil equivalent. Shell to Sea’s tender bid is free of charge as it feels that “assisting Ireland in getting an adequate return from its own oil and gas is payment enough”.

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Peter Voser: cheap shale gas is a myth

Screen Shot 2013-03-23 at 09.15.15Shale gas will not change energy pricing structures across the world, according to the chief executive of Shell

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Emily Gosden

By , 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 Royal Dutch Shell has warned.

America is sitting on a glut of shale gas that has seen prices plummet to as little as a third of UK prices. It is now in the process of developing export terminals where the gas will be cooled for shipping abroad as liquefied natural gas (LNG).

UK politicians have hailed the prospect of Britain importing cheap gas from the US as one solution to help consumers struggling with rising energy bills as domestic gas production dwindles.

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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.

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Shell, Chevron Pay Millions To Settle Contamination Claims

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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 Josephine L. Staton on…

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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…

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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 licence for the Corrib gas terminal, but the ruling is a setback for the €3 billion project.

Were the project not at least nine years behind schedule, the setback would be far more significant.

However, the lead developer has already conceded that it could be early 2015 before gas is flowing commercially from the field – and that was before last month’s (sept) fatality during work on the final stages, when a German sub-contractor, Lars Wagner (26), lost his life.

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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.

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SHELL HAS LOST a licence to operate a gas terminal at Bellanaboy in Co Mayo after a court challenge by a local resident.

The licence had been issued by the Environmental Protection Agency in June of this year but today the Commercial Court conceded the case brought by Martin Harrington and rescinded the licence.

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.

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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.

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South Africa proposed regulations for hydraulic fracturing that would require disclosure of chemicals used and meet standards set by the American Petroleum Institute, a year after lifting a moratorium on the technique.

“Equipment used in hydraulic fracturing operations must be fit for purpose and must meet relevant API standards,” the government said today on the website of its national gazette. “Fluids and their status as hazardous/non-hazardous substances” must be submitted as part of an impact assessment, it said.

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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.

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Áine Ryan: Tuesday, 15 October 2013 11:48

OVER five weeks after the tragic death of a Corrib gas tunnel worker, operations still have not restarted on the sub-sea tunnel. The work entails digging 1.8km under Sruwaddacon Bay in order to complete the last section of the controversial pipeline and connect it with the refinery at Bellanaboy.

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. Mr Wagner was a mechanical fitter attached to the maintenance support crew for Herrnknecht, the German sub-contractor that built the TBM, christened ‘Fionnuala’ by Shell E&P.

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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…

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Updated: Tuesday, 15 Oct 2013 16:04

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, the Environmental Protection Agency, which issued the licence last June, conceded in court that a Mayo man was entitled to an order quashing the licence because of defects in carrying out an Environmental Impact Assessment.

Mr Justice Peter Kelly granted the order to Martin Harrington of Doohoma, Ballina, Co Mayo, after the EPA said it was not opposing his challenge to the licence issued by the agency to Shell E&P Ireland. The EPA will also pay Mr Harrington’s costs.

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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

Screen Shot 2013-10-15 at 15.34.59EXTRACT: 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?

FULL ARTICLE

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