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November 27th, 2013:

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.

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Shell Slips to Sell

by Zacks Equity Research   Published on

On Nov 26, Zacks Investment Research downgraded Europe’s largest oil company, Royal Dutch Shell plc (RDS.AAnalyst Report), to a Zacks Rank #4 (Sell).

Why the Downgrade?

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.

Results suffered due to higher costs, lower output, supply disruptions in Nigeria and a drop in refining margin. Segmental performance was also weak with both the Upstream and Downstream segment earnings falling below the prior-year level. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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.

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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 liquefied natural gas plant after the partners decided to mothball their Shtokman LNG project, Vedomosti daily said on Wednesday.

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.

Gazprom, Total and Shell in Moscow declined to comment. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Produces Gas at Record Low Cost in China

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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 the Changbei field at $1 per barrel, or 91% lower than PetroChina’s lifting cost of $11.74 per barrel as of 2012 in similar projects.

Shell, taking advantage of China’s unconventional gas sector, is investing a total of $1 billion in China this year, and the Changbei project’s cheap production is helping to offset investment costs. Shell has also said it would continue to invest the same amount annually in China. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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 Iran. Peter Voser, Shell’s outgoing chief executive, told an industry conference last month that Iran had “vast resources”… FULL FT ARTICLE
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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 aground in 2012…

by Matthew DiLallo, The Motley Fool Nov 26th 2013 2:00PM

Melting Arctic ice caps are springing forth a new frontier for global commerce. New sea lanes are starting to open and more activity is coming to the region. This changing landscape has some suggesting that the last frontier for oil and gas companies might soon be more accessible.

With these changes come new challenges. It’s not just global oil companies that are interested in exploring this final frontier. Countries like China and Russia are looking to stake claim to the region, which could one day prove to be an issue for national security. That is why this transformation will need to be handled with care to protect the already fragile environment and relationships with those nations seeking to extract the region’s natural resources. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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