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Posts from ‘November, 2013’

Ormen Lange problem cuts Norway gas output

Norwegian gas exports were cut by a fifth of peak capacity on Thursday after an outage at the plant processing gas from Royal Dutch Shell’s giant Ormen Lange field, limiting gas exports to Europe at a time of high demand. Thu Nov 28, 2013 5:23am EST * Norway’s gas exports cut by 17 pct on […]

Brent Rigging Suit Lawyers Fight Over Litigation Control

The traders, represented by the New York-based law firm Kirby McInerney LLP, sued last month in Manhattan federal court claiming some of the world’s biggest oil companies, including BP Plc, Statoil ASA, and Royal Dutch Shell Plc, conspired with Morgan Stanley and energy traders including Vitol Group to manipulate spot prices for Brent crude oil […]

Administration considers whether to allow Shell to resume Arctic oil exploration

The Obama administration is weighing whether to allow Shell to resume drilling in Arctic waters after a series of mishaps halted its controversial oil exploration effort last year. Ken Salazar, allowed Shell to drill in the Arctic waters north of Alaska last year, only to later say the company “screwed up.” By Sean Cockerham McClatchy […]

Shell Downgraded

On Oct 31, Shell reported third quarter 2013 adjusted earnings of $1.43 per ADR, well below the Zacks Consensus Estimate of $1.70. This was the company’s second consecutive miss. The fourth quarter does not seem bright for the company either. Shell Slips to Sell by Zacks Equity Research   Published on November 27, 2013 On Nov […]

Report: France’s Total Eyes Gazprom’s Baltic LNG Project

Without attributing the information to any sources, the paper also said Gazprom had invited Royal Dutch Shell, its partner in Russia’s only LNG plant, to join the project. by  Reuters: Wednesday, November 27, 2013 MOSCOW, Nov 27 (Reuters) – French oil major Total is looking for a stake in Russian gas firm Gazprom’s future Baltic […]

Shell Produces Gas at Record Low Cost in China

By Charles Kennedy | Tue, 26 November 2013 Royal Dutch Shell has announced it is producing natural gas at its Changbei project in China at a major discount and plans to start test production in the second phase by late next year or early 2015. In partnership with PetroChina, Shell is producing natural gas from […]

Iran opens contacts with oil groups

FINANCIAL TIMES November 26, 2013 In his first interview with the foreign media, the minister who persuaded the likes of Total, Royal Dutch Shell, Eni and Statoil to invest in the oil and gas sector in the 1990s despite US sanctions, said these companies were now among those he was seeking to attract back to […]

Is the Last Oil Frontier About to Open Up?

Royal Dutch Shell , for example, has spent more than $5 billion on its Alaskan Arctic program with nothing to show for it. This time around Shell has signed a contract with Transocean on a rig that starts in July. Previously, Shell had used its own rig, Kulluk, and one owned by Noble Corp. . It was the Kulluk that ran […]

Nigeria: Gas plant cut off by buildings

*”This is unbelievable – why did it take so long for Shell to realise? NIGERIA Gas plant cut off by buildings Royal Dutch Shell has shut its Obigbo natural gas processing plant in Rivers State, southern Nigeria, after buildings were erected over pipelines connected to the facility. About 40 million cubic feet a day of […]


Europe’s biggest oil company is burning through cash at an extraordinary rate. Shell shareholders have long nursed a low level of dissatisfaction. Many were underwhelmed by the appointment of yet another chief executive from deep within the Anglo-Dutch behemoth, which is steeped in a profound love for big engineering projects and an apparently dismissive attitude […]

Worrying signs over the viability of Arrow LNG’s project

ARROW Energy’s major shareholders are Royal Dutch Shell and PetroChina. There are some disturbing signals coming from them that may see plans for the construction of a fourth LNG plant on Curtis Island go the way of the dodo.  Bob Lamont 26th Nov 2013 6:28 AM ARROW Energy’s major shareholders are Royal Dutch Shell and […]

Shell’s U.S. shale woes are no match for oil bandits in Africa

Shell’s financial losses associated with oil theft and sabotage in Nigeria have emerged as a quarterly theme this year, alongside the company’s struggling North American shale gas investments. Joel Kirkland, E&E reporter: EnergyWire: Friday, November 22, 2013 To many, Nigeria’s claim to fame has nothing to do with its role as a major oil producer. […]

Deepwater drilling

Shortly after the presentation, the oil majors posted dreadful Q2 results, prompting Shell CEO Peter Voser to declare Shell would discontinue production guidance to focus on quarter by quarter cash flow growth. Goldman Sachs singled out Shell for excessive investment in low return assets… Those who saw the ‘Capex Compression’ road show back in the summer […]

Shell Centre redevelopment public inquiry gets under way

  Monday 25 November 2013 A public inquiry into plans to redevelop the Shell Centre on the South Bank has begun. The inquiry, which is expected to sit for a total of 12 days between now and mid-December, is being held at Hercules House near Lambeth North Station. Planning inspector John Braithwaite has been appointed […]

Nigeria: The Scandal of Nigerian Oil Block OPL 245

Shell and Eni deny paying any money to Malabu Oil and Gas. However, High Court proceedings and other evidence seen by Global Witness reveal that, in reality, Shell and Eni were aware and in agreement that the deal was for the benefit of Malabu, and had even met with Etete face-to-face on several occasions. In fact, […]

Royal Dutch Shell plc: Maybe I’m clutching at straws

Yes, there is plenty to hate about Shell right now. It is currently under investigation for rigging petrol prices, and European Commission plans to prevent future commodity market abuse could force up prices. Maybe I’m clutching at straws, but that’s love for you. Why I Love Royal Dutch Shell plc Published in Investing on 25 November […]

Shell share price: Will Anglo-Dutch oil major rein in capital spending?

The underperformance of the share price reflects investors’ dissatisfaction with the fact that “Europe’s biggest oil company is burning through cash at an extraordinary rate.” The appointment of van Beurden, head of Shell’s refining division who started at the company 30 years ago, has left investors unimpressed as they see him as yet another chief executive […]


One of the recipients of the OSSL email is the outspoken Garda Commissioner Martin Callinan (shown right), who appears to be under considerable pressure at the moment. He has issued an astonishing warning of ‘mass assassinations’ if the Ombudsman gain access to classified files. By John Donovan Printed below is a self-explanatory email sent to […]

The Shell Corruption Scandal in Ireland

Posted by John Donovan An unsolicited comment received from Ed Vulliamy on the article/email entitled Shell sponsored Corruption of the Garda  “This far down the line, until Gilligan and the other police officers and Shell employees named are interviewed in depth, and make public, clearly worded and outright denials that NO alcohol was delivered at […]

Shell Sponsored Corruption of the Garda

As previous agreed, I am sending two of my Investigators (Rody Butler and Sivan Govinder) to London on the 10th December 2013 to interview you at the Irish Embassy.  Further details will follow closer to the date. We are making the booking today for them to travel to London and cannot be changed. EMAIL SENT […]

Canada’s Tar Sands Oil Boom Yields Toxic Wastewater Lakes

Companies including Syncrude Canada, Royal Dutch Shell and ExxonMobil affiliate Imperial Oil are running out of room to store the contaminated water that is a byproduct of the process used to turn bitumen—a highly viscous form of petroleum—into diesel and other fuels. By 2022 they will be producing so much of the stuff that a […]

Arctic 30 images outside Shell HQ

Greenpeace has unveiled giant portraits of the activists arrested in Russia as part of the group’s continuing campaign against drilling in the Arctic. The images were placed outside the London offices of oil giant Shell. Western Morning News: Friday, November 22, 2013 Greenpeace has unveiled giant portraits of the activists arrested in Russia as part of […]

Shell Oil Self-Imposes Carbon Pollution Tax High Enough To Crash Coal, Erase Natural Gas’s Value-Add

Comment received on this article: Shell hypocrisy at its best… Shell claim to price carbon emissions at $40/ton, but then ignore the conclusions! By Joe Romm on November 21, 2013 at 5:36 pm Royal Dutch Shell includes a high price for carbon dioxide when evaluating new projects. The $40 a metric ton price that Shell […]

Slaughter and May Reservations over Royal Dutch Shell SEC filing

I wonder how many ordinary stock holders in Royal Dutch Shell Plc are aware of the extensive reservations set out by Slaughter and May in Exhibit 5.1 attached to an SEC filing involving gazillions of dollars, in which Royal Dutch Shell Plc is the sole guarantor?; e.g. “undertakings, covenants and indemnities contained in the Indenture may not […]

Greenpeace Arctic 30: A shift in focus for campaigners

By Jasmine Coleman BBC News: 20 November 2013 Greenpeace set out to protest about oil companies drilling in the Arctic Ocean, but now finds itself fighting to free a group of 30 from a Russian jail. What effect is the case having on the group’s environmental aims? “The primary focus is getting the Arctic 30 […]

Release of Interior’s Arctic standards for offshore oil development delayed

Arctic-specific standards to guide offshore oil operations — rules crafted in response to Shell’s trouble-plagued 2012 drilling season — will be issued later than expected, the head of a key federal agency said on Wednesday. Tick tock: Kulluk’s countdown to disaster unveiled Yereth Rosen:  November 20, 2013 Arctic-specific standards to guide offshore oil operations — […]

U.S. Oil Probe Disclosure Delayed as Court Mulls Speedy Appeal

Oil traders including Morgan Stanley (MS:US) and Royal Dutch Shell Plc (RDSA) asked a Manhattan federal judge to block the release of millions of records to plaintiffs lawyers… The files include e-mails, depositions, trading records and audio files. By Bob Van Voris November 20, 2013 The court-ordered disclosure of internal oil company documents including e-mails […]

Shell and PetroChina Reveal Cheap Gas Costs at Changbei Field

By Aibing Guo – Nov 20, 2013 3:19 AM GMT Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, and PetroChina Co. (857) are producing natural gas from the Changbei field in China at a 91 percent discount to PetroChina’s average lifting cost last year across all of its assets. The cost of output from […]

Kashagan field commercial production delayed until 2014

Kashagan field commercial production delayed until 2014 08 November 2013 Kashagan is a major oil and gas field in the Kazakh sector of the Caspian Sea with reserves estimated at 38 billion barrels (six billion tonnes) of which eleven billion barrels are recoverable. The field also has over one trillion cubic metres of gas. The […]

Vitol, Shell Ask Judge to Halt Release of CFTC Oil Probe Records

Some of the world’s largest oil traders including Vitol Group, Morgan Stanley and Royal Dutch Shell Plc (RDSA) are asking a judge to stop the disclosure of millions of records gathered by the top U.S. commodity regulator during its nationwide investigation of the crude markets. The haul includes e-mails, depositions, trading records and audio files […]

Where angels fear to tread

It’s often said that the definition of insanity is doing the same thing over and over again but expecting different results. So what should we make of Royal Dutch Shell’s  decision to return to the Chukchi Sea? Is this pure folly, or is there method in Shell’s madness? A comedy of errors; Shell’s history in […]

Transocean’s Alaska rig contract with Shell starts July 2014

The Transocean rig effectively replaces Shell’s Kulluk, a drillship that ran aground in January while being towed south after a troubled 2012 drilling season for the company off Alaska. Mon Nov 18, 2013 6:07pm EST Nov 18 (Reuters) – Royal Dutch Shell Plc has a contract with Transocean Ltd for a drilling rig to start […]

Shell details plans for drilling in Chukchi Sea off Alaska

A leased drill ship, the Polar Pioneer, would substitute for the Kulluk — the conical, Shell-owned ship damaged in the now-notorious New Year’s Eve grounding — as the backup drill rig that would be used in a cleanup in the event of a well blowout. Yereth Rosen:November 18, 2013 Shell plans to drill five wells […]

Shell speaks out over Don Marketing

Forecourt Trader: Shell speaks out over Don Page 5 of April 1995 Edition Text from article Shell has broken its vow of silence and issued a strongly-worded statement to defend itself against what it sees as “the growing number of untrue and often offensive allegations being made by Don Marketing”. Shell is defending legal actions […]

Where is the most ethical place to fill up your car?

If ever there was a “What’s your poison?” dilemma, this is it. First, history: Shell in Nigeria, Total in Burma… No brand gets off lightly… Pumped up: choose an independent petrol station if you want to be an ethical motorist. Photograph: MBI /Alamy Lucy Siegle: The Observer, Sunday 17 November 2013 If ever there was […]

Greenpeace World Protesters from Presidents, Hollywood Stars and Activists

Across the world, Greenpeace activists from all backgrounds are coming out including protesters at Shell gas stations, Hollywood elite stars and even presidents. The goal is to gather awareness and call for the release of the Arctic 30: the 28 activists and two journalists imprisoned in Russia. The Arctic 30 are being charged with piracy […]

Qatar Shell hosts reception for global CEO

Qatar Shell hosted a reception at The St Regis Doha last week to bid farewell to Royal Dutch Shell CEO Peter Voser, who is to retire from the company at the end of March 2014 after 29 years of service. The reception also welcomed the new CEO-designate, Ben van Beurden, who will take over from […]

Shell rethinking its Pa. cracker plans

By Linda Harris, Legal Reporter – email: Nov 15, 2013 Royal Dutch Shell is rethinking its plans for an ethane cracker in Western Pennsylvania and two other cash-intensive projects, leaving business leaders in the Mountain State to wonder if the spin-off economic growth they’ve been anticipating is ever going to come. Shell CEO Peter Voser […]


SHELL, DRIVEN TO THE ENDS OF THE EARTH The day of the huge integrated international oil company is drawing to a close In the 1950s the seven sisters controlled some 85% of global reserves. Today over 90% of reserves are under the control of national oil companies (NOCs) which are owned, at least in part, […]

London wide Greenpeace protest

Greenpeace supporters will hold protests at over 70 Shell petrol stations across the country in support of the ‘Arctic 30’ today. It comes as Russian officials have signaled they will ask that the Greenpeace group be detained an extra 3 months – meaning they could be behind bars over Christmas. Sat 16 Nov 2013 Greenpeace […]

They’re Backkkk…

After a series of calamities in Shell Oil Company’s 2012 Arctic drilling program, which included having its oil spill containment dome “crushed like a beer can” (BOEM officials words, not mine), having its drilling rig the Noble Discoverer slip an anchor (and at another point in time catch fire), and ending the season by losing […]

Shell’s LNG-Producing Monster Ship, Prelude

By Jacob Adelman and Eduard Gismatullin November 14, 2013 On Geoje Island, off the coast of South Korea, as many as 5,000 workers have been building the largest vessel ever constructed. With a deck the size of seven football fields and containing three times as much steel as the Golden Gate Bridge, the Prelude will […]

Platts System Could Be ‘Prone’ to Collusion, EU Official Says

Platts’s oil-price reporting system “could be prone to collusion or distortion,” according to the European Union official in charge of the benchmark probe that led to raids on the premises of BP Plc, Royal Dutch Shell Plc and Statoil ASA. The EU probe is still examining two areas of concern — abuse of dominance and unlawful […]


By John The OSSL email barrage seeking recovery from Shell of tens of thousands of euros allegedly spent by OSSL purchasing and supplying free booze to Irish cops on Shell’s behalf continues… OSSL EMAIL TO SHELL, THE GARDA, AND ROADBRIDGE From: THE OSSL COMPANY <[email protected]> Subject: Message number 289 ……two hundred and eighty nine ….all […]

Shell Said to Seek $6 Billion Credit Line Amid Lower Loan Costs

Jonathan French, a London-based spokesman for Shell, confirmed the company’s existing credit line expires in 2015. He declined to comment on the new debt facility. By Stephen Morris November 14, 2013 Royal Dutch Shell Plc (RDSA) is seeking a $6 billion credit line to replace an existing loan as banks cut borrowing costs for Europe’s […]

Costs threaten $20bn LNG plant

by: MATT CHAMBERS: From: The Australian: November 15, 2013 read more

Why I May Sell Royal Dutch Shell Plc Today

This Is Why I May Sell Royal Dutch Shell Plc Today Royal Dutch Shell Plc (LON:RDSB) has become a chronic underperformer. Roland Head highlights some worrying figures and explains why he may head for the exit. Royal Dutch Shell (LSE: RDSB) (NYSE: RDS-B.US) is one of the longest-serving shares in my ISA portfolio. Over the […]

Shell Is Working on ‘Promising’ Renewable Technology, Voser Says

By Eduard Gismatullin – Nov 13, 2013 10:38 AM GMT The following are excerpts from an interview with Royal Dutch Shell Plc (RDSA) Chief Executive Officer Peter Voser at the company’s headquarters in The Hague. Voser, who has headed Europe’s largest oil and gas producer since 2009, steps down at the end of the year, […]

Arctic 30: Greenpeace turns on Shell

As the detention of Greenpeace’s ‘Arctic 30’ by Russian security services approaches its second month, a shift of campaign tactics is taking place. Now Shell, Gazprom’s partner in developing oil and gas on the Arctic Shelf, is in the firing line. The Ecologist: 13th November 2013 As the detention of Greenpeace’s ‘Arctic 30’ by Russian […]

Artists demand end to Southbank Centre’s partnership with Shell

“The arts sponsorship that Shell is giving out is blood money, because people in Nigeria are suffering and even dying as a result of Shell’s operations. Land is taken, livelihoods are destroyed, and the environment is devastated as a result of Shell’s activities.  “All they think is about is profit. Arts organisations shouldn’t be complicit […]

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