May 15th, 2014:
Centrica JV Buys Canadian Assets From Shell for C$50M
Shell to Sea calls for whistleblowers to ‘expose malpractice and corruption’ at gas project
Extracts from an article published 15 May 2014 by the journal.ie
THE SHELL TO Sea campaign has made fresh calls this morning for whistleblowers in to come forward to “expose malpractice and corruption” in the Shell gas project in Corrib, Co Mayo.
Shell to Sea’s Terence Conway said the group is asking whistleblowers from within the ranks of An Garda Síochána, Shell, Shell contractors and any State agency involved in facilitation the project to come forward.
One former Shell subcontractor alleged last year that it was tasked with providing local residents with items like tennis courts and television sets on behalf of Shell to keep them on side. The company also claimed it had delivered €35,000 worth of alcohol to Belmullet Garda Station in December 2007. The Garda Ombudsman is now investigating these allegations.
Oil And Gas Giants Continue To Shrink In 2014
Extract from an article by Zoltan Ban published 14 May 2014 by Seeking Alpha
Last year was not a good one for global oil and gas giants. Royal Dutch Shell reported a year-on-year decline of 10% in liquids production and an 8% decline in gas production (link). There are many reasons why these oil and gas giants are now shrinking. One of the main reasons being that they have many old depleted and declining fields in their portfolio, while there are also fewer and fewer opportunities to tap new fields. Shell abandoned its attempts to produce oil out of kerogen in the Powder River Basin. It also abandoned Arctic exploration in Alaska. It announced a massive $2 billion loss on its Eagle Ford operations as part of its recent divestment program.
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