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December 21st, 2013:

Corrib gas project sees costs spiral

Gas was originally expected to flow from the field in 2003 resulting in the project likely to be 12 years behind the original schedule and the outlay will be more than four times the initial estimate of €800 million. The company driving the project, Shell E&P Ireland Ltd (SEPIL) confirmed yesterday that the Corrib Gas Partners last year spent a further €250 million on the project.

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Gordon Deegan: Fri, Dec 20, 2013

The Corrib Gas partners are now counting the cost of a contentious An Bord Pleanála ruling as the bill for the project is set to hit almost €3.4 billion before the end of next year.

The company driving the project, Shell E&P Ireland Ltd (SEPIL) confirmed yesterday that the Corrib Gas Partners last year spent a further €250 million on the project.

The 2012 outlay brought the total spend on the project to €2.68 billion at the end of December last.

Work continues on the 5km tunnel to bring the gas ashore and a Shell spokesman confirmed yesterday that a further €380 million will be spent on the project this year with a projected €300 million to be spent on the scheme next year. read more

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Shell ‘is getting far too Dutch’

Screen Shot 2013-12-21 at 00.36.50A senior executive at a leading City institution, who asked not to be named, said British investors were not being treated on a par with their Dutch counterparts. He said this was symptomatic of a trend that has seen the company increasingly consolidating power in The Hague and forgetting its British heritage. The oil giant last year scrapped a London event that featured a live TV link-up to its annual meeting in The Hague, sparking outrage among investors.

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Screen Shot 2013-12-21 at 00.26.46By Rob Davies: 

Shell is coming under growing pressure from shareholders to hold every other annual meeting in London, with one major investor warning that the firm is becoming ‘too Dutch’.

A senior executive at a leading City institution, who asked not to be named, said British investors were not being treated on a par with their Dutch counterparts.

He said this was symptomatic of a trend that has seen the company increasingly consolidating power in The Hague and forgetting its British heritage. 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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