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Posts from ‘October, 2014’

Shell’s Simon Henry says its not difficult to drill in the Arctic Seas

Screen Shot 2014-10-31 at 17.18.55How reassuring.

According to a Bloomberg article, Simon Henry, a mathematician, accountant, and the Chief Financial Officer of Royal Dutch Shell Plc, has stated in relation to drilling for oil in Arctic seas,  off Alaska –

“Its not that difficult to drill up there.”

The long term bean counter is also quoted as saying “Thirty years ago we went there and drilled several wells pretty quickly.”

His bold statements would have more weight if uttered by someone with expertise in offshore drilling. read more

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

UK News Reports Royal Dutch Shell Quarterly Result

Screen Shot 2014-10-31 at 15.37.24DAILY EXPRESS: Oil giant Shell floats as prices sink

Extracts

ROYAL Dutch Shell unleashed an industry-beating rise in quarterly profit yesterday, despite falling oil prices, and vowed to keep slashing less-lucrative projects.

Finance chief Simon Henry said: “It’s quite likely we’ll take a very close look at investment levels where we have flexibility if we see oil price weakness persisting.”

FULL ARTICLE

Screen Shot 2014-10-31 at 15.40.26DAILY MAIL: Shell posts forecast-busting profit rise of 31pc despite slump in oil prices

Extracts

Shell has managed to weather the sharp drop in the price of oil since June, announcing forecast-busting results for the third quarter. read more

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

Shell Moerdijk Impact From Steam Leak

Screen Shot 2014-10-31 at 11.53.12

Styrene prices shot up following a steam leak at Shell’s steam crackers at Moerdijk in the Netherlands early this month.

Shell had to declare force majeure on ethylene and propylene at the unit which makes basic materials for the chemical industry and employs about eight hundred people.

The main repairs will last until at least the end of 2014, with some work not completed until an unspecified date in 2015.

The plant supplies steam to all the plants at the complex.

A Shell spokesman admitted that the steam leak resulted in flaring activity. read more

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

American as Chairman Good Politics for Shell

Screen Shot 2014-10-30 at 11.28.57From a Regular Contributor

I see Shell got an American as its new chairman.

(Chad Holliday right).

Not certain that is good news for the shareholders, although it is clearly good politics.

Shell needs extensions to its leases in the Arctic and with an American arguing the issue they might succeed.

If he saves Shell’s $6 billion investment he will have earned his salary.

Shell also knows there is a bunch of oil and gas in those structures they want to drill. And so the rumors of a Shell/BP merger are not to be dismissed. A merger would give Shell BP’s interest in Alaska, unless the USG objected. read more

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

American, Chad Holliday, replacing Jorma Ollila as Shell Chairman

Screen Shot 2014-10-30 at 09.22.43By John Donovan

Chad Holliday, the former chairman of Bank of America, is replacing the Finn Jorma Ollila as chairman of Royal Dutch Shell Plc.

Before his four year stint as chairman at Bank of America, Holliday was chairman and chief executive of Dupont.

Commenting, Mr Ollila said, ‘I am delighted that the Board has appointed Chad Holliday to succeed me as Chairman. He has a distinguished track record as an international businessman and I am sure he is the right person to chair the Board going forward after the 2015 AGM.’ read more

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

OSSL Blackmail Plot Against Shell?

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By John Donovan

Since 22 October 2014 I have been updating an article posing the question: “Shell being blackmailed?”

Top people at Royal Dutch Shell  have all spoken directly to a director of a former Shell “Mr Fixit” company in Ireland, OSSL, which has bombarded Shell with money demands to settle a dispute that Shell says it has already settled.

To be specific, Desmond Kane of OSSL has spoken in person to Peter Voser, Ben van Beurden, Jorma Ollila, Michiel Brandjes, Michael Crothers (and other senior people at Shell). read more

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

Big oil is exposed to falling prices who can survive?

Screen Shot 2014-10-28 at 12.31.23

BRENT CRUDE PRICES HAVE SLUMPED SINCE PEAKING AT $115 IN JUNE

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By John Donovan

The news media is waking up to the potential seismic impact on big oil from falling oil prices. Our headline – “Big oil is exposed to falling prices who can survive?” – is taken from an article by John Ficenec published today by the Telegraph, which poses the question:

Which FTSE 100 oil stocks to hold Shell v BP?

It mentions a prediction by Goldman Sachs “that the price for Brent Crude, will fall as low as $80 per barrel in the second quarter of next year.”

The article points out that according to analysis from Bloomberg “Of the two oil majors, Shell is slightly more exposed to a fall in the oil price as about 30pc of its future projects requires a price above $95 per barrel, compared to 20pc for BP.” read more

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

Shell’s Arctic Machinations

Screen Shot 2014-08-06 at 09.25.26The environmental group Oceana has obtained a copy of a letter from Shell to the U.S. Dept of the Interior revealing that the oil giant is seeking to pause Shell’s leases for five years. Approval would effectively extend the current drilling deadlines.  Shell’s plans to drill off the Alaska coast have already been heavily delayed by a series of avoidable mishaps, initially caused by negligence and incompetence, and subsequently by a desire to evade tax.

Extracts from a related Bloomberg article:

Shell Seeks 5 More Years for Arctic Oil Drilling Drive

Royal Dutch Shell Plc (RDSA) is asking the Obama administration for five more years to explore for oil off Alaska’s coast, saying set backs and legal delays may push the start of drilling past the 2017 expiration of some leases.

Shell, which has spent eight years and $6 billion to explore the Arctic’s Beaufort and Chukchi seas, said in letter to the Interior Department that “prudent” exploration before leases expire is now “severely challenged.”

“Despite Shell’s best efforts and demonstrated diligence, circumstances beyond Shell’s control have prevented, and are continuing to prevent, Shell from completing even the first exploration well in either area,” Peter Slaiby, vice president of Shell Alaska, wrote to the regional office of the Bureau of Safety and Environmental Enforcement. read more

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

Objection to Divestment of Shell Oil Blocks in Ogoniland

Screen Shot 2014-10-26 at 00.39.59National Union of Ogoni Students’ USA

3747 W. 138TH Street, Crestwood Illinois 60445, Tel. 1-(888) 610-5590, email – [email protected]

Press Release

10/25/2014

CAVERT EMPTOR: Divestment of Shell Oil Blocks: Oil Mining License 11 not for sale

We, the Ogoni students in Diaspora under the National Union of Ogoni Students’ (NUOS INTL), USA on behalf of the Ogoni people, distance ourselves from the ongoing Shell Oil Company’s secret divestment and sale of assets in oil and gas in Nigeria. These secret sales should not extend to Oil Mining License (OML) 11 in Ogoni its enclave. read more

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

Shell Accused of Unlawful Drilling in New Zealand

Screen Shot 2014-02-10 at 16.29.29MOSCOW, October 9 (RIA Novosti) – Oil and gas giant Shell and its New Zealand partner firm Todd Energy were accused of unlawful offshore drilling in New Zealand, but managed to evade court prosecution and only received a warning letter, New Zealand News UK reports.

According to the Environmental Protection Authority (EPA), Shell Todd Oil Services (STOS) violated the law while carrying out drilling in the Maui oil and gas field without prior approval. Maui is the largest and the most important of New Zealand’s gas and oil fields. To legally carry out drilling activities in the area, companies need to apply for a special resolution or marine permission from the EPA, according to new regulations. read more

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

Shell Announces Gabon Deep-Water Gas Discovery

Screen Shot 2014-02-10 at 16.29.29THE HAGUE, The Netherlands, October 22, 2014 /PRNewswire via COMTEX/ — THE HAGUE, The Netherlands, October 22, 2014 /PRNewswire 

Shell today announced a frontier exploration discovery offshore Gabon, West Africa. 

Leopard-1 is located around 145 kilometres off the Gabonese coast, west of Gamba. It was drilled in water 2,110 metres deep to a total vertical depth of 5,063 metres. Shell and partners are planning to undertake an appraisal programme to further determine the resource volumes. read more

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

Oil price slump to hit majors’ earnings

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WEDNESDAY 22 OCTOBER 2014

Reuters is reporting that oil companies have seen billions wiped off their stock market values as crude prices dropped over the past four months by 25 percent to a four-year low near $85 a barrel, due to slowing global demand particularly in China and ample supplies. Shares of BP, Royal Dutch Shell, Eni , Total and BG have dropped by 15 to 20 percent since late June.

FULL ARTICLE

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

Shell being blackmailed?

Screen Shot 2014-10-22 at 08.24.58UPDATED FRIDAY 24 OCTOBER 2014 – SEE BLUE TEXT BELOW

ORIGINAL ARTICLE PUBLISHED 22 OCTOBER 2014

By John Donovan

There is evidence, some of it covertly obtained, that Royal Dutch Shell Plc may be the victim of a sustained blackmail operation.

Shell has not called in the police to investigate. Why not? Because certain information held by the party making repeated money demands to Shell, including directly to Ben van Beurden and other senior Shell executives, is true and if the current cover-up unravels, will result in a scandal of epic proportion involving Shell and a host government. read more

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

Mixed Signals between China National Petroleum Corp and Shell

Screen Shot 2014-02-10 at 16.29.29The comment refuted media reports that Shell senior executives had showed signs of wanting to cut the company’s expenditures on the project many times…

China National Petroleum Corp (CNPC) said it was not informed that its Dutch partner would downsize the investment on their jointly explored shale gas project in Southwest China’s Sichuan Province, Shanghai-based newspaper China Business News reported on Monday.

An unnamed CNPC representative was quoted by the report as saying that the cooperation between CNPC and Royal Dutch Shell Plc remains the same. The two signed a shale gas production sharing contract in Sichuan in 2012.

The comment refuted media reports that Shell senior executives had showed signs of wanting to cut the company’s expenditures on the project many times due to the exploration difficulties as a result of complicated geological conditions and dense population. read more

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

More alleged fraud in Nigeria

Screen Shot 2014-02-10 at 16.29.29The trial of Chidi Adabanya, a former employee of Shell Petroleum Development Company (SPDC), who, along with some officials of the Bayelsa State Government, allegedly obtained the sum of N1.9 billion from the oil company through a phony consultancy contract for development permit in the Gbanran- Ubie project, has resumed  before Justice Adeniyi Ademola of the Federal High Court, Abuja.

MORE INFORMATION

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

Shell Sells More Nigerian Assets

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Screen Shot 2014-02-10 at 16.29.29By John Donovan

According to a report published by The Wall Street Journal, Shell has signed agreements to sell off all of the Nigerian oil assets it put on sale in 2013. Shell has now made sale and purchase agreements for four Nigerian oil blocks. 

FULL ARTICLE

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