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September 29th, 2016:

Is OPEC’s Output Deal A Game Changer For Royal Dutch Shell And BP?

Is OPEC’s Output Deal A Game Changer For Royal Dutch Shell And BP?

Royston Wild: Sept 29, 2016

Investors in the fossil fuel sector have finally had cause to celebrate this week after OPEC suggested that an output freeze could finally be in the offing.

The idea had initially been tabled at the start of the year as Saudi Arabia, Qatar, Venezuela and Russia got around the table. But Iran’s determination to get the pumps ramped back up to pre-sanction levels put the plan firmly on the backburner.

However, with Tehran’s reluctance to take part in a deal now apparently thawing, stock pickers have become more optimistic over the growth outlook for many of the oil industry’s major players. 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 and BP shareholders can use votes to make firms go green, campaign group says

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Screen Shot 2016-08-04 at 14.47.05Shell and BP shareholders can use votes to make firms go green, campaign group says

Written by Mark Lammey – 29/09/2016 7:42 am

A campaign group is urging Shell and BP shareholders to use binding votes on pay plans to encourage bosses to embrace green energy, a news report said yesterday.

ShareAction said sticking with old remuneration policies that reward executives for digging for oil would lead to both companies becoming obsolete and going bankrupt, The Guardian reported.

In line with rules introduced in 2013, large companies like Shell and BP face binding shareholder votes on three-year pay policies next year, the report said. 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.

Opinion: Putting a Shell Spring (board) in our step

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cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgOpinion: Putting a Shell Spring (board) in our step

Written by Euan Hogg – 29/09/2016 6:00 am

Oil major Shell plans to fork out a six-figure sum this year to support UK firms developing low carbon technology.

The Shell Springboard scheme will hand £150,000 to a national champion and £40,000 each to five regional winners.

Here Euan Hogg, a winner from last year, talks about how the cash boost helped him.

In March 2016, Shell Springboard awarded Water Engine Technologies an equity-free grant of £40,000 as the programme’s regional winner. 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’s Growth Priority Over The Next Five Years — Deepwater

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Shell’s Growth Priority Over The Next Five Years — DeepwaterScreen Shot 2016-08-19 at 09.23.27

Trefis Team SEP 29, 2016 @ 08:42 AM

With the ever-growing energy needs worldwide, the conventional sources of energy are likely to exhaust soon. Having explored the majority of the onshore reserves, oil and gas producers around the globe are now moving to offshore reserves, that are primarily formations in deep waters, containing thick layers of oil and gas in permeable rock. Consequently, Deepwater drilling, often used to categorize drilling in water depths of greater than around 400 meters, has become an attractive alternative to onshore drilling. In line with this growing trend, Royal Dutch Shell (NYSE:RDS.A) has categorized Deepwater as one of its growth priorities for the next five years. (Also Read: Shell’s Growth Priority Over The Next Five Years – Chemicals) In this note, we discuss the growth potential of the deepwater market, Shell’s positioning in this market, and its strategy going forward. 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.

Iraq’s OPEC revolt shows Saudi-Iran oil deal fragility

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Iraq’s OPEC revolt shows Saudi-Iran oil deal fragility

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By Rania El Gamal and Alex Lawler | ALGIERS

For years, debates in the OPEC conference room were dominated by clashes between top producer Saudi Arabia and arch-rival Iran.

But as the two managed to find a rare compromise on Wednesday – with Riyadh softening its stance towards Tehran – a third OPEC superpower emerged.

Iraq overtook Iran as the group’s second-largest producer several years ago but kept its OPEC agenda fairly low-profile. On Wednesday, Baghdad finally made its presence felt. 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.

Shares in oil giants BP and Shell surge on production cut deal

Shares in oil giants BP and Shell surge on production cut deal

The agreement by OPEC countries boosts hopes for a sector which has seen mass job cuts, but could push up prices at the pump.

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Thursday 29 September 2016

Shares in Royal Dutch Shell and BP have surged after top oil producing countries agreed to cut production for the first time in eight years.

Shell climbed 6% and BP was up 4% following the decision by OPEC – with other commodity firms also performing strongly.

The stocks helped the FTSE 100 Index turn 1% higher, with improvements also seen in French and German markets, following an upturn for Asian shares overnight.

OPEC’s agreement on Wednesday helped the price of a barrel of Brent crude climb above $49 overnight, before slipping back slightly. 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.

BP and Shell investors urged to reward bosses for backing green energy

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Screen Shot 2016-08-04 at 14.47.05BP and Shell investors urged to reward bosses for backing green energy

Shareholders should use binding votes on pay policies next year to push executives to stick to climate goals, says ShareAction

Sean FarrellThursday 29 September 2016 00.01 BST

Shell and BP’s pay plans encourage their bosses to dig for oil instead of investing in low-carbon energy and should be overhauled by shareholders, according to the campaign group ShareAction.

Investors in the oil companies should use binding votes on pay policies next year to scrap short-term targets and reward chief executives for working towards the target set in Paris last December to limit global temperature increases to 2C or less, the responsible investment group says in a report. 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.

Russia’s Gazprom plans to launch third LNG train at Sakhalin-2 in 2021

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screen-shot-2016-09-28-at-11-44-04Russia’s Gazprom plans to launch third LNG train at Sakhalin-2 in 2021

By Katya Golubkova | YUZHNO-SAKHALINSK/PRIGORODNOYE, RUSSIA: Thu Sep 29, 2016 | 2:25am EDT

Gazprom said on Thursday it plans to launch a third liquefied natural gas (LNG) production train at the Sakhalin-2 LNG plant in 2021, possibly fed by a newly drilled field, as Russian companies seek to boost their share of the global LNG market.

Russia accounts for less than 5 percent of the global LNG market but new plants are being built or considered by Novatek, Gazprom and Rosneft.

Located at Prigorodnoye on Sakhalin island, Sakhalin-2, Russia’s sole LNG plant, operates two production lines with a combined capacity of 10 million tonnes of LNG per year. The third train should add another 5 million tonnes. 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 Canada accident report: pipe fell to within 12 metres of oil well off N.S.

cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgCTV News: Shell Canada accident report: pipe fell to within 12 metres of oil well off N.S.

Michael Tutton, The Canadian Press

Published Wednesday, September 28, 2016 6:36PM EDT

HALIFAX — When heaving waters in the North Atlantic wrenched a string of massive steel pipes from a drilling ship off Nova Scotia’s coast, one of the 20-tonne sections of the plummeting coil struck the seabed just 12 metres from the top of an undersea oil exploration well.

The distance is one of several details in a Shell Canada accident report received through access to information legislation, prompting critics to say the entire incident was too close for comfort in an area near one of Atlantic Canada’s richest fishing grounds of the Scotian shelf. 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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