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Posts under ‘Business Week’

Death of 193 Dutch Strains Russian Relations for Shell, Heineken

At one point the largest foreign investor in Russia, Shell declined to comment on whether its business would be affected after the downing of the plane. The company lost four employees in the incident, it said yesterday. BloombergBusinessweek article by Celeste Perri, Maud van Gaal and Fred Pals published 22 July 2014 For centuries, the fortunes […]

A Horrified Netherlands May Rethink Its Economic Ties With Russia

Extract from a BloombergBusinessweek article by Carol Matlack published 21 July 2014 The Netherlands, a nation of traders, generally doesn’t like to let politics interfere with business. The death of 193 Dutch nationals in the Malaysia Airlines  jet crash could change that. Major Dutch companies with business interests in Russia also are drawing fire for […]

Shell Says Wins U.K. Court Ruling in Nigerian Oil Spills Case

BloombergBusinessweek article by Jeremy Hodge published Friday 20 June 2014 A Royal Dutch Shell Plc (RDSA) subsidiary said it won a preliminary ruling in a U.K. court against thousands of Nigerians who say their land, rivers and wetlands were spoiled by two oil spills in the Niger River delta in 2008. Judge Robert Akenhead ruled […]

Ukraine Crisis Forces Shell to Halt Shale Wells in Restive East

Extract from a Bloomberg/Businessweek article by Ladka Bauerova and Will Kennedy published 3 June 2014 Royal Dutch Shell Plc (RDSA) has halted drilling for shale gas in eastern Ukraine to protect its personnel from clashes between pro-Russian separatists and the Ukrainian army. Shell is taking a “time-out” on exploration work after drilling two wells since […]

Woodside Scraps $2.6 Billion Israeli Gas Deal as Talks Fail

Extract from a BloombergBusinessweek article by James Paton published 20 May 2014 Woodside Petroleum Ltd. (WPL), Australia’s second-biggest oil and gas producer, scrapped an agreement to buy a quarter of Israel’s largest natural gas field for as much as $2.6 billion after talks to complete the deal collapsed. FULL ARTICLE

Shell Considers Martinez Refinery Cutback Amid Shale-Oil Boom

Extracts from a BloombergBusinessweek article by Lynn Doan published 19 May 2014 under the headline: “Shell Considers Permanent Coker Shutdown Amid Shale-Oil Boom” Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, is considering retiring one of two coking units at its only refinery in California as the company seeks to run lighter crude at […]

International outcry as Brunei introduces sharia law and takes country back to the dark ages

Royal Dutch Shell, an Anglo-Dutch multinational, runs two major operations in Brunei as a joint venture with the Brunei government. A spokesman, Jonathan French, said the company would not comment on the possible impact on its employees. Extracts from an article by Andrew Buncombe published 30 April 2014 by The Independent The Sultan of Brunei, […]

Putin, Ukraine and Royal Dutch Shell

Sir Henri was fanatically anti-Soviet as a result of the confiscation of Shell oil fields in Russia. Might be best if Ben does not mention this past history to his new chum, Vlad the Bad, who is rather keen to restore the Soviet empire. “Had Putin asked ‘and now you kiss my ass’, I am sure van Beurden […]

Phillips 66, Shell Purchase Majority of U.S. Reserve Oil Sale

Extracts from an article by Dan Murtaugh published 17 March 2014 by BloombergBusinessweek Phillips 66 and Royal Dutch Shell Plc walked away with about 3.3 million barrels of the 5 million that the Energy Department sold in what will be the first release from the U.S. Strategic Petroleum Reserve since 2012. Phillips 66 purchased 2.04 […]

Seplat Sees No Oil Theft in Nigeria, Where Shell Lost $1 Billion

Extracts from a Bloomberg article by Eduard Gismatullin published on 14 March 2014 Seplat Petroleum Development Co., the Nigerian oil producer raising $500 million from investors, said it had “absolutely no” theft in Nigeria, where Royal Dutch Shell Plc lost almost $1 billion due to sabotage in 2013. Seplat in July 2010 bought three licenses […]

Glencore-Macquarie Said to Exit Race for Shell Australia Assets

By Brett Foley, Andy Hoffman and Jesse Riseborough: February 12, 2014 Macquarie Group Ltd. (MQG) and Glencore Xstrata Plc (GLEN) dropped out of bidding for Royal Dutch Shell Plc (RDSA)’s Australian oil refinery and filling stations, according to four people with knowledge of the matter. The assets Shell is selling include storage terminals, filling stations […]