By John Donovan: According to a Shell insider source, rumours are circulating that Royal Dutch Shell Plc may divest Shell Oil Company in order to generate money. And presumably to get rid of the difficult USA influence. Since Saudi Aramco are joint owners on a 50-50 basis with Shell in Motiva Enterprises, operating three US refineries and 7,700 Shell branded gasoline stations, the Saudis would be the most logical buyer, perhaps followed by Chevron.
January 4th, 2014:
Insider rumours circulating that Shell may divest Shell Oil Co
Shell still trying to duck handing over oil price rigging evidence
Shell is still desperately trying to avoid handing over potentially incriminating evidence in the form of documents and audio recordings in connection with a proposed US class action lawsuit alleging that oil prices were rigged.
By JohnDonovan
Shell is still desperately trying to avoid handing over potentially incriminating evidence in the form of documents and audio recordings in connection with a proposed US class action lawsuit alleging that oil prices were rigged.
“Shell Oil Co., Morgan Stanley Capital Group Inc. and Plains All American Pipeline LP told the Second Circuit on Thursday that a lower court exceeded its authority in allowing the disclosure of sensitive documents provided to federal investigators.” (Extract from Law360 article)
Shell responds to BOEM
Fills in some additional details for company’s Chukchi Sea exploration plan
Alan Bailey: Petroleum News : Week of January 05, 2014
Shell has responded to a request from the Bureau of Ocean Energy Management, or BOEM, for additional information relating to the company’s latest Chukchi Sea exploration plan. The company, with hopes of restarting its Chukchi Sea drilling campaign in the summer of 2014, had filed a revised exploration plan in early November. BOEM subsequently sent the company a list of additional information it needs before deeming the plan complete and ready for release for public comment.