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December 27th, 2013:

Shell paves way for share buyback in 2014

Screen Shot 2013-07-28 at 18.29.07The company has recently come under fire from major investors for allegedly not treating British investors on a par with Dutch shareholders. Shell cancelled a London event last year that provided a live TV link-up to its annual meeting in the Hague, angering British-based investors. Shell’s head of refining and marketing chief, Ben van Beurden is due to take over from Peter Voser as chief executive on January 1…

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By Andrew Critchlow: 27 Dec 2013

Royal Dutch Shell has said that it plans to continue with its share buyback programme in 2014.

Europe’s largest oil company by market value has already returned about $5bn (£3bn) to shareholders this year through the scheme.

In a stock market filing Friday the company said: “it has entered into an irrevocable, non-discretionary arrangement with an independent third party to enable the purchase of `B’ ordinary shares, for cancellation, during the period from 2 January 2014 up to and including 13 March 2014 which period includes the 2013 fourth quarter results close period.”

A spokesperson for Shell said that the announcement enables the company to extend its buyback scheme into next year, subject to board approval. read more

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Dancing with the Kulluk

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Carey Restino: December 27th 2013

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A year ago, a handful of mariners from private vessels, U.S. Coast Guard crews, and those contracted to work for Shell Oil headed into a tremendous storm in an effort to save a buoy-shaped oil rig from grounding off Kodiak Island. The Kulluk, a Shell Oil drill rig that had been working in the Arctic, was adrift off the coast of Kodiak Island and the tug that had been pulling it had lost all engine power as it attempted to tow the rig from Unalaska to Seattle through a winter storm. Now, a year later, Shell is applying for permission to return to the Arctic in 2014. As federal officials review the application, the magnitude of the attempt to rescue the Kulluk has only been told in pieces. Here is one man’s story of that effort as the chief engineer aboard the responding Crowley tug Alert. 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 Keeps Option On Pa. ‘Cracker’ Site

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Company says it will finally begin construction preparation

By CASEY JUNKINS Staff Writer , The Intelligencer / Wheeling News-Register: December 27, 2013

WHEELING – Nearly two years after announcing intentions to bring a multibillion-dollar ethane cracker plant – and the thousands of related jobs – to Monaca, Pa. rather than to Ohio or West Virginia, Royal Dutch Shell is set to demolish structures at the Horsehead Corp. site.

Global oil giant Shell once again extended its option to purchase the 300-acre site along the Ohio River north of Pittsburgh, just as it did last December and again in June. This time, the company plans to pay for demolition and removal of the existing Horsehead zinc plant, with work scheduled to begin early next year. 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.

The future of natural gas production in Groningen

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Shell’s NAM joint venture with ExxonMobil submits a revised production plan for the Groningen gas field in the Netherlands, after a 2012 earthquake in the nearby village of Huizinge. In August 2012, an earthquake with a magnitude of 3.6 on the Richter scale occurred in the village of Huizinge in the province of Groningen in the Netherlands. The local population experienced the event as prolonged and intense. The earthquake was the start of a series of developments that will culminate in a decision by the Netherlands’ Minister of Economic Affairs in early 2014 regarding a new plan for the production of gas in Groningen.

Posted 27 December 2013

Shell’s NAM joint venture with ExxonMobil submits a revised production plan for the Groningen gas field in the Netherlands, after a 2012 earthquake in the nearby village of Huizinge.

In August 2012, an earthquake with a magnitude of 3.6 on the Richter scale occurred in the village of Huizinge in the province of Groningen in the Netherlands. The local population experienced the event as prolonged and intense.

The earthquake was the start of a series of developments that will culminate in a decision by the Netherlands’ Minister of Economic Affairs in early 2014 regarding a new plan for the production of gas in Groningen. 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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