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Posts under ‘Australia’

Royal Dutch Shell News 23 Sept 2014

By John Donovan Nigeria FROM THE DAILY MAIL Shell has overhauled its security procedures in Nigeria to prevent oil theft that is costing it hundreds of millions of pounds. The Anglo-Dutch oil giant said it had stopped paying private security contractors to monitor its pipelines and oil facilities.  Carbon Pricing Forbes.com has published an article […]

Royal Dutch Shell Fire Sale Continues

According to a Financial Times article, “Royal Dutch Shell has revived plans to dispose of its European liquefied petroleum gas business four years after a second failed attempt to sell the assets.”  Shell has already disposed of under-performing assets around the globe, including Australia,  the USA and in the North Sea. The latest move is part of […]

Royal Dutch Shell News Roundup 25 August 2014

RUSSIA Jeroen van der Veer, the former Royal Dutch Shell CEO who evaded responsibility for his role in the cover-up of the Shell reserves fraud, claims that the sanctions against Russia are not working and are counter-productive. This analysis comes from the man who badly misjudged the Putin regime in 2006 and as a result, ended up meekly surrendering […]

Shell smashed to bits across Adelaide, South Australia?

“Printed below is an email received from a Mr Bruce Hubbard. Does Shell wish to comment? If you tell me that its is all false, or contains false information, then I will not publish it. If I receive no response within 7 days I will assume Shell does not take issue with the allegations and […]

Roundup of Royal Dutch Shell News 16 August 2014

SHELL’S USA FIRE SALE The New York Times reports that the Blackstone Group, a private equity company, is paying Royal Dutch Shell $1.2 billion for a stake comprising more than 107,000 net acres in Louisiana. MORE A related article by BusinessReport.com features a quote from Marvin Odum, president of Royal Dutch Shell’s U.S. division, Shell […]

Royal Dutch Shell Plc .com News Round-up 12 August 2014

A frosty reception for Shell sponsorship; Oil and Gas company debt soars to danger level; Shell a gigantic flea By John Donovan UK The Telegraph City Diary column has commented on Shell’s embarrassment at arts sponsorship monies being returned to the  company in Ireland. “First the Antarctic, now Ireland. The list of countries where Royal […]

Royal Dutch Shell News Roundup Monday 11 Aug 2014

Rejection in Australia, Oil Spill Fire in Nigeria, Fire sale in the USA, Asbestos lawsuit in the UK By John Donovan AUSTRALIA The Australian reports that a fortnight after Woodside Petroleum shareholders scuttled a $2.7 billion plan to remove Royal Dutch Shell from the company’s share register, Woodside has bought a 40% stake in a […]

Woodside’s Buyback Deal With Shell at Risk of Being Blocked

Extracts from a Bloomberg News article by James Paton dated 31 July 2014 Woodside Petroleum Ltd plan to buy back shares from Royal Dutch Shell Plc for $2.7 billion is at risk of being rejected by shareholders as it falls short of the votes needed to proceed. The buyback is part of Shell’s deal last month […]

Woodside Chairman Defends $2.7 Billion Buyback Deal With Shell

Extracts from a BloombergBusinessweek article by James Paton and Rebecca Keenan published 23 July 2014 Woodside Petroleum Ltd. (WPL), Australia’s second-largest oil and gas producer, defended a plan to buyback about $2.7 billion of stock from Royal Dutch Shell Plc (RDSA) amid concern investors may reject the deal. Woodside’s buyback is part of last month’s […]

LNG spot crash persists as Shell bizarrely talks it up

Extracts from an article published by macro business.com on 18 July 2014 Prices of spot liquefied natural gas (LNG) for August delivery to Asia plummeted 26.5% year-over-year to an average $11.365 per million British thermal units (/MMBtu), the lowest monthly average since April 2011, the latest Platts Japan/Korea Marker (JKM) for month-ahead delivery showed. The […]

Lift productivity to lure LNG investment, says Shell CEO Ben van Beurden

Extracts from an article by Matt Chambers published by The Australian on Friday 18 July 2014 THE head of the world’s second biggest company, Royal Dutch Shell, says Australia maintains an edge in attracting LNG investment but needs to improve labour productivity and start acting on commitments to streamline approvals if it is to capture […]