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Posts from ‘February, 2014’

Shell Kulluk rig enjoying infamy

Extract from an article publish by Petroleum Economist 20 Feb 2014: North America’s Arctic drive idles

Screen Shot 2013-02-24 at 10.21.05A 30-YEAR-OLD veteran of the global drilling industry, the Kulluk rig has probably perforated its last well. It now sits in a Singapore dockyard, enjoying infamy as the vessel that ran aground on Alaska’s Sitkalidak Island at the end of 2012, suffering terminal damage in the process. Patching it up would be too expensive, says Shell, its owner.

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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Oil Co. will pay $4 million to settle False Claims Act allegations

Extract from an article published by LAW360.com on 27 Feb 2014 under the headline…

Screen Shot 2014-02-10 at 16.29.29Law360, New York (February 27, 2014, 4:15 PM ET) — Shell Oil Co. will pay $4 million to settle False Claims Act allegations that it sought payments from a Massachusetts fund for hazardous waste cleanup at its gas stations while it also received reimbursements from its insurers, state authorities said Thursday. Shell and its joint venture, Motiva Enterprises LLC, sought false reimbursements from Massachusetts’ Underground Storage Tank Petroleum Product Cleanup Fund program for more than a hundred gas stations throughout the state, but did not reveal to authorities that it also received payments from insurers, according… read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell to publish Q1 figures on May 1, when the stock exchange is shut

Extract from article published by DutchNews.nl 27 Feb 2014

Screen Shot 2014-02-10 at 16.29.29Oil giant Shell is publishing its first quarter 2014 figures on May 1, a day when the Amsterdam stock exchange is closed, broadcaster RTLZ says on Thursday. Shell is by far the biggest company listed in Amsterdam but traders will not be able to react to the figures…. The London and Wall Street exchanges are not closed on May 1. ‘Investors must be able to react to the figures,’ one trader told the broadcaster.

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Oil giant Shell is publishing its first quarter 2014 figures on May 1, a day when the Amsterdam stock exchange is closed, broadcaster RTLZ says on Thursday. Shell is by far the biggest company listed in Amsterdam but traders will not be able to react to the figures – See more at: http://www.dutchnews.nl/news/archives/2014/02/shell_to_publish_q1_figures_on.php#sthash.inM5uSWj.IpFnYKF3.dpuf
royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Royal Dutch Shell Shuts Nigeria Nembe Creek Oil Pipeline

Extract from a Wall Street Journal article by Obafemi Oredein published 27 Feb 2014

Screen Shot 2013-09-29 at 23.38.41BADAN, Nigeria–Royal Dutch Shell PLC’s (RDSA) Nigerian unit said Thursday that the Nembe Creek Trunk oil pipeline was shut down to stop leakage caused by oil theft. Shell said the pipeline was replaced in December 2010 at a cost of $1.1 billion but has been repeatedly targeted by crude thieves since it was commissioned.

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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Report: ‘Perfect storm’ of oil risks in U.S. arctic waters

Extract from UPI article published 27 Feb 2014

Screen Shot 2013-01-11 at 20.09.51WASHINGTON, Feb. 27 (UPI) — With Shell uncertain about its future in U.S. arctic waters, a consortium of environmental advocacy groups said the region presents a “perfect storm of risks.” Shell Chief Executive Officer Ben van Beurden said in January a series of mishaps in its drilling campaign off the Alaskan coast meant his company lacked a “clear path forward” in the arctic.

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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Oil Giants Chevron and Shell Sell Pipelines

Extract from an article by Matthew Monks published by Bloomberg News on 27 Feb 2014

Screen Shot 2013-12-22 at 19.09.52Chevron Corp. (CVX) and Royal Dutch Shell Plc (RDSA) are seizing on a surge in demand for pipelines and storage facilities to raise cash for oil and gas exploration. Shell wants to sell part of its Houston-to-Houma crude oil pipeline and use some of the proceeds to invest in drilling projects, people said last month. If it and Chevron are successful, other large oil companies may also enter the market. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Nigeria: Warning over sale of Shell assets

Extract from article by Samuel Oyadongha published by VANGUARD and circulated online by AllAfrica.com on 26 Feb 2014

Screen Shot 2013-12-22 at 19.09.52The people of Nembe in Bayelsa East senatorial district, Bayelsa State, have warned prospective investors and buyers of oil wells and facilities owned by Shell Petroleum Development Company to investigate the non-payment of over $1bllion demanded from the company for damages inflicted on their communities by its over 50 years oil exploration activities. The chairman, Nembe Kingdom Oil and Gas Committee, Chief Nengi James, gave the warning in Yenagoa following alleged planned sale of oil fields and other assets owned by Shell in Nembe. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

A bunch of nonsense from David Bunch, Chairman of Shell Brands International

Screen Shot 2014-02-27 at 00.47.28The article is about the global VP of Marketing for Shell Retail and chairman of Shell Brands International, David Bunch (right), and his claim that Shell’s key principles are “trust, innovation and quality.” Trust? He must be joking. Shell defrauded its own shareholders in the reserves scandal and more recently issued a profits warning only when pressed into doing so by lawyers. With all due respect to Mr. Bunch, it is actual deeds over the years, not empty words, on which Shell will be judged.

By John Donovan

Houston Business Journal has published an article under the headline: Shell branding chief touts company’s “trust” and social media engagement

The article is about the global VP of Marketing for Shell Retail and chairman of Shell Brands International, David Bunch, and his claim that Shell’s key principles are “trust, innovation and quality.”

Trust? He must be joking. Shell defrauded its own shareholders in the reserves scandal and more recently issued a profits warning only when pressed into doing so by lawyers. Peter Voser knew what was coming and decided to jump ship before he was pushed overboard. Ordinary shareholders were kept in the dark as per normal. From my experience, that is routine practice and I have irrefutable evidence to prove Shell senior management deliberately hides information from its own shareholders. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Selection of recent articles about Royal Dutch Shell Plc

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Prepare for a Slimmer Royal Dutch Shell

Extracts from an article by Bob Ciura published by The Motley Fool on 26 Feb 2014

Screen Shot 2013-12-22 at 19.09.52Shell shears its downstream business: Shell plans $15 billion worth of asset sales by the end of 2015. If it isn’t careful, its massive divestments may endanger future growth. Since the start of 2014, Royal Dutch Shell has announced a series of divestments focused in its downstream business. While Royal Dutch Shell embracing financial discipline is admirable, selling off billions in assets will likely come at a cost to future growth. Last year was an extremely difficult one for the integrated majors, but Shell seems to be the only one panicking. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell to drill for oil offshore Namibia

Extract from article by BusinessDay published 26 Feb 2014

Screen Shot 2014-02-10 at 16.29.29Royal Dutch Shell is to drill offshore Namibia, a growing area of interest for oil and gas explorers. Shell has taken over exploration blocks 2913A and 2914B in the Orange Basin from Signet Petroleum, with the Anglo-Dutch group acquiring a 90 percent stake in the two blocks and Namibian national oil company Namcor keeping its 10 percent carried interest.

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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Good News for the Arctic

Extract from article by Ted Danson and Andrew Sharpless published by Huffington Post.com 26 Feb 2014

Screen Shot 2013-11-01 at 09.31.18On January 30, Shell’s new CEO, Ben van Beurden, announced that the company will not pursue exploration drilling in the Arctic Ocean in 2014. He also revealed Shell’s poor fourth-quarter earnings, attributable in part to offshore exploration expenditures, like those previously made in the Arctic.  We applaud the court’s ruling and Shell’s newfound, if forced, caution. Alaska has already seen more than its fair share of oil disasters, and drilling in the Arctic will inevitably bring another spill. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell shelves Hume LNG plan

Extracts from an article published by THE AUSTRALIAN on 26 Feb 2014

Screen Shot 2013-12-22 at 19.09.52Royal Dutch Shell’s pullback from Australia is set to continue as the oil and gas giant aborts a plan to build a liquefied natural gas (LNG) supply chain for trucks, according to The Australian. “The project has been put on hold by Shell, and the eight LNG refuelling sites that were in the design phase, will not be constructed at this point,” a Shell spokesperson told The Australian. The development comes after Shell sold its downstream assets, including the Geelong refinery and its petrol station network, to oil trader Vitol last week… read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell investors urged to take action on ‘high-risk’ Arctic drilling

Extract from an article by published February 25th, 2014 by blue&greentomorrow.com

Screen Shot 2013-08-29 at 17.22.26Investors across the UK are being urged to call for oil giant Shell to abandon its plans to drill for fossil fuels in the Arctic Ocean. Campaigners say the project is high-risk with uncertain returns. Responsible investment charity ShareAction said it expects to see thousands of people email their pension funds about the issue. It added that Shell’s largest shareholder, Blackrock, will also be targeted in an effort to shift Shell’s high-risk Arctic strategy. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Kuwait to acquire key retail fuel sector from Shell

Extract from an article published by WorldTribune.com on 24 Feb 2014

Screen Shot 2013-12-22 at 19.09.52The state-owned Kuwait Petroleum International has reached an agreement to purchase a key division of Royal Dutch Shell. Under the agreement, estimated at 500 million euro, KPI would acquire Italy’s retail fuel sector of Shell, which included at least 830 gasoline stations, far more than Britain and France.

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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell’s Arctic oil plans face shareholder scrutiny

Extracts from article by Ed King published by RTCC.org (Responding to Climate Change) on 25 February 2014 read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
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