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Shell fears it could be driven out of the UK over North Sea taxes

Shell warned the government not to tax it out of the UK, as it sketched out ambitious growth plans alongside an underwhelming set of results.

Chief executive Peter Voser said the Anglo-Dutch oil company was aiming to pump 4bn barrels of oil per day (bpd) by 2017, compared to 3.2bn today.

Net spending will rise from £15bn to £19bn this year as it chases its goal, although most of the difference will come from fewer asset sales, with actual investment set to rise by a more modest £1bn to £21bn.

Fourth-quarter profits fell 4pc to £4.1bn, taking the gloss off a 54pc rise in annual income to £20bn, thanks to high oil prices. The markets were less than impressed, either by Shell’s growth plans or its recent performance, sending the stock down 3.5p to 2265p.

Voser issued a coded warning to George Osborne not to tax Shell out of investing in Britain, after the Chancellor unveiled a £10bn, five year North Sea tax grab last year. ‘We hope we’ll get enough investment incentives in terms of tax structures so that we can actually keep the oil and gas industry alive here,’ he said.

He also predicted more closures of European refining operations after Swiss firm Petroplus collapsed, threatening UK supplies from the Coryton refinery in Essex. ‘I think we’ll see just a few big refineries surviving in the long term.’

But Europe currently has 6m bpd of surplus capacity, he added. Shell’s own downstream operation – effectively refining and marketing – slumped to quarterly losses of £176m, compared to a £305m profit last year.

Shell has been retrenching from both the UK and downstream of late, selling its Stanlow refinery to India’s Essar.

Chief financial officer Simon Henry said 80pc of future investment would focus on upstream – exploration and production – with 60pc of that sum to be spent in Australia and North America.

Much of that will come from environmentally controversial ‘shale gas’, with £3.8bn earmarked for exploration.

The company will also spend 35pc more on exploring for oil and gas, as well as investing in new sources of liquefied natural gas and chemicals.

Dividends are expected to rise marginally from the first quarter of 2012, up 1 cent to $0.43.

SOURCE ARTICLE

Boasts over Shell avoidance of oil spills come back to haunt its CEO

By John Donovan

In October 2010, the Daily Mail published an article reporting claims by Royal Dutch Shell Plc Chief Executive, Peter Voser, that Shell would never have made the mistakes that led to the BP Gulf of Mexico oil disaster, which resulted in a huge oil spill.

The claims have come back to haunt Mr Voser.

Royal Dutch Shell wades in with attack on BP over spill (Daily Mail 13 October 2010)

We subsequently learned of anear miss” which had taken place in December 2009 on Shell’s Sedco 711 North Sea platform, with an uncanny similarity to issues surrounding the April 2010 Deepwater Horizon disaster.

Since then, Shell has been responsible for the biggest oil spill in the last decade in the North Sea, amid allegations of Shell hiding the facts.

This has been followed by the biggest Nigerian deepwater oil spill in the last decade, into the Atlanta Ocean.

All the responsibility of Royal Dutch Shell, the oil company in which the U.S. government has recently placed its trust to drill in the Arctic Ocean.

It is notable that Shell’s atrocious track record on oil spills and related safety and environmental issues have been deleted by anonymous parties from Wikipedia articles. Entire pages of copious information from reputable, verifiable, independent sources, including newspaper reports, court documents and environmental agency findings, have been systematically deleted from Wikipedia by anonymous parties.

SELECTION OF DECEMBER 2011 OFF SHORE NIGERIA SHELL OIL SPILL REPORTS

Satellite Imagery Indicates Shell Spill May Be Worse Than Reported: 25 December 2011

Nigerian Oil Spill Stretches 900 Square Kilometers, says Environmental Group: 24 December 2011

Huge slick from Shell’s 1.68 million gallon Atlantic Ocean oil spill: 23 December 2011

Rush to clean major Shell oil spill off Nigeria: 22 December 2011

News Shell oil spill off Nigeria likely worst in decade: 22 December 2011

SELECTION OF AUGUST 2011 NORTH SEA OIL SPILL REPORTS

North sea oil spill ‘worst for a decade’: The Guardian August 2011

North Sea oil spill is worst in a decade: Telegraph August 2011

North Sea oil leak worst for a decade: The Scotsman August 2011

Don’t hide facts about oil leak: The Herald

Shell Under Fire Over Silent Tactics: Spiegel Online

Shell Withholds Information On North Sea Oil Spill: UK Progressive Magazine

Leader: Onus is on Shell to come clean on North Sea oil spill: The Scotsman

Don’t hide facts about oil leak: Herald Scotland

Shell accused of secrecy over North Sea platform oil leak
: Aberdeen Press and Journal

Shell, govt spin machine keeps lid on worst UK oil spill for decade: RT

Shell accused of playing down spill as estimate rises: Aberdeen Press and Journal

Shell needs to come fully clean: The Independent

Shell ’should have been more open about oil spill’
: Herald Scotland

Shell less than transparent about worst UK oil spill in a decade: Greenpeace

So many questions, so few answers from Shell
: The Scotsman

Shell mum on flow from oil pipeline leak: Reuters

Leader: Oil is not well where information is concerned: The Scotsman

Criticism Is Growing Over Shell’s Response to Oil Leak
: New York Times

Shell’s reputation is tarnished by North Sea oil spill: TheNewsTribune.com

DOCTORING THE INTERNET

The company also said it had a team which ‘sorts’ negative Wikipedia coverage of clients.

Daily Mail, Wednesday, December 7, 2011 Page 12

Main article: Call to probe lobbying firm ‘that boasted of its access to Cameron’ By Jason Groves, Political Correspondent

Secondary article published under the headline: DOCTORING THE INTERNET

LOBBYISTS claim knowledge of ‘all sorts of dark arts’ that could help corporations and foreign regimes boost their reputations on the internet.

Executives from Bell Pottinger told undercover reporters that they could set up bigus internet blogs to ‘drwown out’ criticism.

They also claimed they could use sophisticated techniques to bury bad news stories on Google by moving them down the search results page.

The company also said it had a team which ‘sorts’ negative Wikipedia coverage of clients.


EXTRACT FROM RELATED ARTICLE BY JOHN DONOVAN PUBLISHED IN OCTOBER 2010

Headline: Ku Klux Klan culture at Wikipedia: secrecy and censorship

“As the founder of MyWikiBiz, I am someone who has, and continues to, manipulate information in Wikipedia on behalf of paying clients. Call it dirty work, but for the most part, I think the way the Wikimedia Foundation is scamming the public about how it is (not) governing the world’s “knowledge” is a far worse state of affairs.” (SEE COMMENT AT FOOT OF ARTICLE BELOW)

By John Donovan

Money is said to be the root of all evil. I have no doubt that it is undermining the integrity and balance of some Wikipedia articles corrupted by parties who have a financial interest in the content.

Wikipedia articles are supposedly written by open and transparent consensus. In reality Wikipedia is built on a platform of secrecy and concealment which leaves articles wide open to censorship and manipulation by anonymous parties with commercially driven motives. Since Wikipedia has articles covering major commercial enterprises, money enters the equation.

Unpaid volunteers who act as administrators and editors are supposedly the bedrock on which Wikipedia has been built. It is a mostly-secretive community in which the vast majority of volunteers edit using aliases and are free to edit any articles, without anyone having a clue about who they are and what their background is. Thus it is impossible to determine if they have a potential conflict of interest.

The Wikipedian’s using aliases are also able to comment of the editing work of other contributors and vote on the deletion of Wikipedia articles.

So there is a lot of power and influence and no realistic accountability. If, due to some transgression, a Wikipedian is banned from editing, they can return under a new alias using a new IP address, with no bad odor attached. In other words, a completely fresh start.

The strange “Wikipedian” culture has some similarity to the Ku Klux Klan (fortunately without the racist element) but is actually more secretive. The privacy of those choosing to keep secret all information about who they are is maintained within the Wikipedia community, which is even developing its own language, partly in response to skulduggery by some editors.

There are Wikipedia articles about every major business. A company is not permitted to edit any articles about the company. BP for example cannot edit Wikipedia articles about BP.

Because of the huge popularity of Wikipedia, the content of a Wikipedia article about a business is important because it can have a positive or negative impact on the reputation of the business. This in turn can impact on its value.

Previously it was a major exercise to carry out research about the track record of a company stretching back to its inception. Now it is, or at least should be, instantly and freely accessible via the Internet to the public and investors. And Wikipedia is the main online source of such information.

Businesses are therefore rightly concerned about the content of Wikipedia articles about them.

I have been an editor of Wikipedia articles for the last four years. I am aware of the difference between writing a blog on my own website and making edits on Wikipedia. I have always strived to operate within Wikipedia guidelines. This includes ensuring that information added is neutral, accurate, and can be verified by reference to a cited independent reputable source. In other words information written without bias on the part of the editor. Most of my contributions have related to Royal Dutch Shell.

From the outset I openly declared my name and background. I have already pointed out that the vast majority of contributors choose to conceal their identities and background by using a pseudonym, as they are fully entitled to do under Wikipedia guidelines. As we will see, a Wikipedian who chooses to declare their name and background is at a disadvantage to those opting to conceal that information.

CONFLICT OF INTEREST

From the start, some Wikipedian’s operating under alias names have challenged me over an alleged conflict of interest. I have repeatedly invited anyone to produce evidence to support that contention i.e. where I have added my own words which display a bias. No one has ever provided any such evidence.

I received a tip off informing me of the identity of a Wikipedian using an alias “BozMo” who had nominated the royaldutchshellplc.com Wikipedia article for deletion. “BozMo” turned out to be Andrew Cates, a former CEO of a Royal Dutch Shell company. Mr Cates is mentioned in the “Related Articles” – links below.

I am retired from business and have always operated websites on an entirely non-commercial basis, including royaldutchshellplc.com. I have no litigation in progress or pending with Shell.

Inevitably people who have some connection with Shell or an interest in Royal Dutch Shell are the people most likely to edit Royal Dutch Shell related Wikipedia articles. I know that people associated with Shell, including Mr Cates, have monitored and/or contributed to the articles.

So when does a connection with Shell amount to a potential conflict of interest in editing a Wikipedia article about the company? Are Shell shareholders to be banned on that basis? Or former Shell employees? Or people who have campaigned against Shell?

Surely the simple test is whether a personal biased point of view is being expressed, as opposed to factual information supported by verifiable evidence from an independent reputable source. If properly sourced factual information is assembled under a particular heading, say “Controversies surrounding Royal Dutch Shell“, then that does not make the article biased.

CENSORSHIP

By coincidence or otherwise, in a short period of time, under the guise of various alleged issues, Wikipedia is being systematically cleansed of negative, but true, properly sourced verifiable information about Shell. Articles have already been deleted by a handful of anonymous censors reaching a consensus.

This aroused my suspicions because: -

1. I know that Royal Dutch Shell management is obsessed with my Wikipedia editing/contributions. Among the documents Shell has been legally obliged to supply to me are several Shell internal documents and emails, some marked confidential, which discussed my editing on Wikipedia and the possible impact on shareholders and students. There was also discussion about the risk of Shell being caught if it tried to edit the material.

2. Editing of the articles was made from Shell premises. This was detected by WikiScanner.

3. When Shell has dirty work in mind, it is often passed on to a third party, thereby distancing Shell from actions taken by the third party. Shell HAS hired a third party agency specializing in reputation clean up on the Internet. I have the evidence. There are many such agencies.

4. There is information freely available on the Internet providing a blueprint of how to infiltrate Wikipedia utilizing the policy which permits concealment of identity and background. It advises on a stratagem of deception to disguise true intent. This includes editing a wide range of articles to avoid being identified as a one topic contributor. It discusses implications relating to IP addresses. The objective being for an organized group of infiltrators to edit target articles without detection. I will not go into detail for obvious reasons.

CONCEALING IDENTITY

It is impossible to make any judgment about possible conflict of interest by contributors using an alias, because unless they reveal their real name and background, there is no information to check. However, Wikipedian’s who choose to remain anonymous can from that sheltered position use background information freely disclosed by individuals editing under their own names, to cast doubt on their bona fides. The person who has been completely open, is at a disadvantage.

Although Wikipedia etiquette requires editors/contributors to act in a civil way towards one another when discussing issues which inevitable arise, the fact that people can hide behind an alias means that they sometimes adopt a dictatorial aggressive and even bullying tone that they would never use under their real name. I have noticed a great difference between dialogue with individuals using an alias and dialogue with the same persons after they have disclosed their real identity. The tone changes completely.

Unfortunately it is impossible to judge in such circumstances who is genuine and who is not. I assume that the vast majority are genuine, but unfortunately a minority are not. And you also have the unedifying spectacle of a person who is open and honest having their integrity publicly impugned by someone choosing to hide behind an alias.

People sheltering behind an alias may not be immune from libel action, but it makes it far less likely that anyone will attempt to sue them, because it would obviously entail first finding out their real identity. This is likely to involve legal action against a third party if a third party published their comments. Again, the person choosing to be open is at a disadvantage.

Operating on the current basis means there is not a level playing field between those you choose to be open and those who prefer secrecy, which is an option, not compulsory. I have already pointed out how easy it is to switch to a new identity.

As a result of the strenuous efforts by a handful of dedicated people apparently on a mission, the information about Royal Dutch Shell on Wikipedia has been transformed. Negative accurate information supported by newspaper articles, government agency publications, court documents etc has vanished. Instead we have a collection of sanitized information about Royal Dutch Shell which could have been written by or on behalf of Shell media.

The Wikipedia article royaldutchshellplc.com was nominated for deletion again just over a week ago by the same anonymous party involved in all of the recent deletions of negative factual articles relating to Royal Dutch Shell. When the vote consensus was to keep the article, that decision was deemed unacceptable and the voting period has been extended, presumably until the desired outcome is achieved. The current article in place for over a year with minor changes, was not authored by me.

It cannot be right for Wikipedia articles about other major oil companies to contain balanced information – the positive and the negative – while masses of accurate, properly sourced, unbiased information about Royal Dutch Shell has been removed solely because the information is negative in nature. It is censorship on an industrial scale by parties unknown.

Commonsense suggests that anyone who wishes to edit a Wikipedia article in which monetary considerations are involved should be compelled to disclose their identity and background so that the information can be exposed to public scrutiny. Otherwise it is only a matter of time before the culture of subterfuge and deception at Wikipedia results in a scandal.

Because of certain related matters, I am considering taking legal action against Wikipedia (which has been duly notified). Whether such an action will be practical remains to be seen.

COMMENT RECEIVED

thekohser on Oct 12th, 2010 at 5:11 pm

As the founder of MyWikiBiz, I am someone who has, and continues to, manipulate information in Wikipedia on behalf of paying clients. Call it dirty work, but for the most part, I think the way the Wikimedia Foundation is scamming the public about how it is (not) governing the world’s “knowledge” is a far worse state of affairs.I’m soon to publish a book about Wikipedia and business:
http://www.mywikibiz.com/Directory:Your_Business_and_Wikipedia

Gregory Kohs is a marketing research director for a Fortune 100 media company. His enterprise, MyWikiBiz, has been the subject of news stories appearing in USA Today, the Washington Post, and MSNBC.com. He has appeared on national television and has presented “how to” information about Wikipedia to academic audiences. His experience with MyWikiBiz and Wikipedia has been documented in numerous books and scholarly works.

FURTHER RELATED ARTICLES

Royal Dutch Shell Wikipedia Machinations: 29 March 2010

Wikipedia Klan exposed: 13 October 2010

Instant reaction on Wikipedia: 13 October 2010

Blair and a mere ‘lapse of judgment’

Saif was a key player in Libya’s campaign to renounce nuclear status and became close to leading figures after Mr Blair signed the ‘deal in the desert’ in March 2004, which saw British firms such as BP and Shell sign massive contracts with the Libyans.

Links: Blair and Gadaffi pictured in 2007 – will he be squirming regarding Saif’s capture?

By REBECCA EVANS and TOM KELLY

Last updated at 1:28 PM on 21st November 2011

Tony Blair’s close relationship with the Gaddafi family was yesterday dismissed by an ally as a mere ‘lapse of judgment’.

Lord Goldsmith, who served as Mr Blair’s Attorney General for six years, said that cosying up to Colonel Gaddafi was trivial  when compared with the crimes of the former Libyan dictator’s bloody regime.

His comments followed claims that the capture of the tyrant’s playboy son Saif could cause acute potential embarrassment for Britain’s political elite.

So far, none of Saif’s former acquaintances has commented on what should now happen to the brutal dictator’s son.

But yesterday Lord Goldsmith, a key ally and staunch defender of the former Prime Minister, said that Mr Blair’s notorious ‘deal in the desert’ had not tarnished Britain’s reputation. He also said it was disappointing that coverage of Saif’s capture would focus on what ‘Tony Blair and Peter Mandelson were doing’.

Interviewed by Sky News, he said: ‘Now we have the possibility of proper trials, of justice being done and what do we talk about? We worry whether Tony Blair had a lapse of judgment. Come on!’

On the defensive: Former Attorney General Lord Goldsmith

But the political commentator John Sergeant suggested Mr Blair’s notorious deal with Gaddafi was now an embarrassment for Britain, adding: ‘It looked like a great British success at the time – it now looks like a millstone.’

Lord Goldsmith’s dismissal of Mr Blair’s involvement outraged relatives of those killed in the 1988 Lockerbie bombing. Susan Cohen, whose student daughter Theodora, 19, was among the 270 dead, denounced Lord Goldsmith’s comments as a ‘disgrace.’

She said: ‘How anyone can be so flippant about a world leader befriending a brutal dictator is frankly disgusting. Tony Blair knew exactly what he was doing. He made repeated visits to befriend a monster who murdered hundreds of innocent people.

‘It was totally inexcusable and an appalling blunder. It should never be dismissed as a simple “lapse of judgment”.  Nothing could ever justify Blair’s befriending of Gaddafi. It was disgusting.’

Lord Goldsmith was appointed Attorney General in 2001 and stood down on the same day Mr Blair announced his resignation as Prime Minister.

In the run-up to the 2003 invasion of Iraq, he advised Mr Blair that a single UN resolution was not sufficient to authorise force. He was overruled and the PM fought for years to keep his advice a secret.

Saif was a key player in Libya’s campaign to renounce nuclear status and became close to leading figures after Mr Blair signed the ‘deal in the desert’ in March 2004, which saw British firms such as BP and Shell sign massive contracts with the Libyans.

Mr Blair’s visit also led to negotiations over a prisoner transfer agreement which ultimately paved the way for the release of Megrahi.

Saif studied at LSE from 2003 to 2008, gaining both a Master of Science degree and a doctorate. The university has been heavily criticised for accepting a £1.5million donation from the Gaddafis after Saif was awarded a PhD – now being investigated for plagiarism – in 2008.

It received a total of £300,000, which it later agreed to pay back to the Libyan people in the form of scholarships. It also signed a £2.2million contract to train hundreds of Libyan civil servants and even allowed Colonel Gaddafi himself to lecture via video link.

An inquiry by Lord Woolf, the retired Lord Chief Justice, is believed to have found multiple failings in the LSE’s decision to accept the donation.

Mr Blair’s spokesman last night said: ‘For the record, Tony Blair has only met Saif Gaddafi twice; on both occasions, there were officials and staff present.’

Shadow Chancellor Ed Balls said Labour had ‘nothing to fear’ about what might come out about the party’s links to the Gaddafi regime. He said: ‘I know at the time the motive was the right motive: could you see disarmament and progress on peace? That was the right thing to do then.’

SOURCE ARTICLE


British Prime Minister Tony Blair embraced him, despite being a violent dictator who was accused of the biggest terrorist act in British history, accused of killing a police woman, and supporting the IRA.

RELATED ARTICLES:

Royal Dutch Shell, Tony Blair and Muammar Gaddafi

Shell wrote letter Tony Blair used in £325m Libyan oil deal | Mail

Britain’s alliance with Libya turns sour as Gaddafi cracks down

Shell dealing with the devil in Libya

Mounir Bouaziz (above), Shell VP for making deals with corrupt governments

Tunisian, Mounir Bouaziz (right), is the Shell VP responsible for making deals on Shell’s behalf with the Libyan dictator, Gaddafi, the corrupt Iraqi government and an equally corrupt African dictator.

Bouaziz worked with Shell EP boss Malcolm Brinded to secure the Libyan deal. Brinded, an Anglicized Scot, was apparently willing to forget Libya’s bombing over Scotland.

Royal Dutch Shell, Tony Blair and Muammar Gaddafi

From pages 42 & 43 of “Royal Dutch Shell and its sustainability troubles” – Background report to the Erratum of Shell’s Annual Report 2010

The report was made on behalf of Milieudefensie (Friends of the Earth Netherlands)
Author: Albert ten Kate: May 2011.

In May 2005, Shell signed an agreement to start a joint venture with the Libyan National Oil Corporation. The joint venture would revamp and expand the existing liquified natural gas (LNG) Plant at Marsa el-Brega on the Libyan coast. It would also explore for gas and subsequently develop five areas totalling 20,000 square kilometres located in the heart of Libya’s Sirte Basin. Shell was committed to invest USD 637 million in the first phase of the joint venture.

Already in March 2004, Malcolm Brinded, head of exploration and production at Shell, stated: “We were in Libya in the Fifties and we were in Libya in the Eighties for an exploration programme, but for this one we came back in 2001 and so this is the culmination of discussions over that.” International sanctions on Libya were lifted in 2003 and 2004. Thus, Shell had been fishing for contracts from Gaddafi a long time before international sanctions were lifted.

In April 2010, documents obtained by the UK newspaper The Times revealed that the former UK prime minister Tony Blair lobbied Colonel Muammar Gaddafi on behalf of Shell. Shell had written a letter in draft form for Mr Blair to write to Colonel Gaddafi. In May 2005, shortly after Mr Blair’s official letter was written, Shell secured the deal.

Both letters were released after a lengthy Freedom of Information process. The Cabinet Office of the UK government would release only a part of Mr Blair’s official letter. In its draft-letter, Shell tells the Prime Minister to congratulate the Libyan leader on Revolution Day and to comment on the “remarkable year of progress for Libya”. In relation to its deal, the draft letter from Shell said: “Understand that all the terms of the agreement have now been negotiated and approved now waiting for [Libyan] Cabinet approval.” The section on Shell in Mr Blair’s official letter sounded very similar to the draft: “I understand that the necessary technical discussions with the relevant authorities in Libya have been completed satisfactorily. All that is needed now are final decisions by the [Libyan] General People’s Committee to go ahead.” Shell declined to comment to The Times. The journalist of The Times, David Robertson, later characterised Shell’s draft- letter “unusually informal or unusually forward in the way that Shell thought it would be able to dictate British foreign policy.”

In September 2009, The Times requested all communication between the UK Department for Business and the following companies: BP, BG group and Shell (all oil and gas companies), and defence company BAE Systems. A limited number were released in December 2009. One was an email from Shell to UK Trade & Investment dated September 2004 complaining of slow progress with its Libyan deal. Just months earlier Mr Blair and Colonel Gaddafi had met in a tent outside Tripoli to end Libya’s diplomatic isolation.

EXTRACT ENDS

RELATED ARTICLES

Shell wrote letter Tony Blair used in £325m Libyan oil deal (Daily Mail)

THE COMPLETE 73 PAGE REPORT (with reference sources)

Royal Dutch Shell Executive Director Malcolm Brinded and Gaddafi.

EU prepares to embargo Syrian oil in line with US

The new measures if approved are unlikely, however, to prevent European oil companies such as Royal Dutch Shell or Total from continuing to produce crude in Syria through joint ventures.


By Justyna Pawlak: 25 August 2011

European Union governments are likely to embargo imports of Syrian oil next week to ratchet up pressure on president Bashar al-Assad, although new sanctions may be less stringent than those imposed by Washington, EU diplomats said.

A round of discussions was held in Brussels on Tuesday and EU capitals raised no objections to banning Syrian crude imports, in a move similar to a decision by the US earlier this month

The new measures if approved are unlikely, however, to prevent European oil companies such as Royal Dutch Shell or Total from continuing to produce crude in Syria through joint ventures.

The EU’s 27 governments agreed last Friday to explore new sanctions against Mr Assad in response to his five-month crackdown on pro-democracy demonstrators, in which the United Nations says 2,200 civilians have been killed.

“The whole process could be completed by the end of next week if all goes according to plan,” one diplomat said.

An oil embargo would constitute a big step for the EU, because several governments have been reluctant so far to target Mr Assad’s oil industry because of potential commercial damage.

Syria produces about 385,000 barrels of oil a day and exports about 150,000bpd, of which most goes to Europe, particularly the Netherlands, Italy, France and Spain. Britain is heavily invested in Syria, with Anglo-Dutch Shell involved in a joint venture that is the main producing consortium. France’s Total is also a significant producer.

SOURCE ARTICLE

RELATED

EU Urges Syria’s Assad To Quit, Mulls Energy Sanctions: (Wall Street Journal)

Why is Shell still present and operating in Syria?: (RoyalDutchShellPlc.com)

Shell accused of supporting Syrian regime: (Daily Mail)

Extracts from Daily Mail article:

Royal Dutch Shell has been accused of working ‘hand in glove’ with the government in Syria where hundreds of unarmed demonstrators have been killed during protests against the regime.

‘The people of Syria rising up for freedom, but this company has placed itself firmly on the side of corrupt dictators.’

Shell battles its North Sea oil spill from pipeline below the Gannet Alpha platform


By Rob Davies: Last updated at 10:59 PM on 16th August 2011

Shell is facing a burgeoning image crisis as its North Sea oil spill – the biggest in British waters for a decade – stretched into its seventh day.

The Anglo-Dutch giant has been using teams of divers and Remote Operated Vehicles (ROVs) to battle the leak, which is estimated to have slowed from five barrels a day to two.

But initial work on the sub-sea pipeline below the Gannet Alpha platform succeeded only in plugging one part of the damaged pipe, forcing oil out elsewhere.

The company estimates that some 1,300 barrels of oil have been spilt so far.

In the context of BP’s oil spill in Gulf of Mexico last year – which saw an estimated 4.9m barrels of oil gush into US waters – Shell’s leak is relatively small.

But one industry insider acknowledged that it was significant in UK terms.

‘In the context of the North Sea, this is a pretty big spill,’ he said.

Shares in the oil giant declined just 10p to 2005.5p yesterday and have actually risen since the leak was first discovered last week.

But chief executive Peter Voser was unabashed in his criticism of BP’s safety record late last year and the North Sea leak will prove something of an embarrassment.

The timing is especially poor, coming just weeks after Shell admitted liability for a gargantuan oil spillage in Ogoniland, Nigeria.

The UN said the region may need the largest ever oil clean-up operation, while the company faces legal claims potentially running into hundreds of millions of dollars.Shell says the vast majority of spills in the Niger Delta are caused by sabotage, but it is difficult to imagine the company getting off so lightly had it left a giant toxic mess in a country such as the US or UK.

The mishap in the North Sea will also give encouragement to environmental groups  who warn that Shell’s plans to drill for oil in the Arctic Circle could have disastrous consequences.

Cleaning up an oil spill in the frozen wastes of the Arctic is considered highly difficult and dangerous and no company has ever had to deal with such a disaster.

Gannet Alpha is very far from being Shell’s Deepwater Horizon.

But the company has been reminded that the black marks the oil industry leaves on the planet are not confined to its great rival BP.

Shell accused of supporting Syrian regime

By Daily Mail Reporter

Last updated at 10:05 AM on 31st May 2011

Royal Dutch Shell has been accused of working ‘hand in glove’ with the government in Syria where hundreds of unarmed demonstrators have been killed during protests against the regime.

The firm chartered a tanker to export almost 600,000 barrels of the country’s oil worth $55m, according to campaign group Platform. Shell declined to comment.

Platform researcher Lorenzo Paluello said: ‘While the British and Syrian public believe that suppressing a mass democratic uprising with tanks is problematic, Shell continues to work hand in glove with the regime.

He added: ‘The people of Syria rising up for freedom, but this company has placed itself firmly on the side of corrupt dictators.’

SOURCE

Shell accused of supporting Syrian regime

Daily Mail

31 May 2011, 10:05am

Royal Dutch Shell has been accused of working ‘hand in glove’ with the government in Syria where hundreds of unarmed demonstrators have been killed during protests against the regime.

The firm chartered a tanker to export almost 600,000 barrels of the country’s oil worth $55m, according to campaign group Platform. Shell declined to comment.

Platform researcher Lorenzo Paluello said: ‘While the British and Syrian public believe that suppressing a mass democratic uprising with tanks is problematic, Shell continues to work hand in glove with the regime.

He added: ‘The people of Syria rising up for freedom, but this company has placed itself firmly on the side of corrupt dictators.’

SOURCE ARTICLE

Slick Shell leaves BP in slipstream

Shell remains interested in a merger – if the terms and conditions are right…

Oil battle: The Gulf of Mexico crisis has proved disastrous for BP’s shares, while Shell’s have soared

By Hugo Duncan
Last updated at 10:42 PM on 28th April 2011

In the battle of the UK super majors, the first leg of 2011 belongs to Shell by a considerable margin, said Richard Hunter, head of UK equities at Hargreaves Lansdown stockbrokers, yesterday.

It is easy to see why. While BP is plagued by the toxic legacy of the Gulf of Mexico oil spill and troubles in Russia, Royal Dutch Shell powers on.

Shell put its beleaguered arch-rival firmly in the shade yesterday with a 41 per cent rise in first quarter profits to £4.1billion. Just 24 hours earlier, BP revealed that its profits for the period dropped 2 per cent to £3.3billion. And that is not all.

While production at Shell slipped 3 per cent, it tumbled 11 per cent at BP as the company sold assets to help pay for cleaning up the biggest environmental disaster in US history.

‘Whereas BP has had to recognise its business model and turn its attention to the on-going fallout from the Gulf of Mexico spill, Shell has continued to power ahead unabated,’ said Hunter.

The contrasting fortunes of the two companies have not been lost on investors – particularly with BP shareholders missing out on three quarterly dividend payments in the wake of the explosion at the Deepwater Horizon rig in April last year that claimed 11 lives.

The BP dividend has since been reinstated but, at 7 cents a share, it is well behind the 42 cents a share payment at Shell. BP shares have bounced back from the depths plumbed in the crisis but are still 25 per cent lower than they were at the start of 2010. In that time, Shell is up 23 per cent. Such has been the decline at BP – a once-proud oil giant now fighting to repair its battered reputation – that it is now seen as a potential takeover target.

ExxonMobil is among those thought to be interested. It reported a 69 per cent rise in first-quarter profits to £6.4billion yesterday. Shell itself weighed an opportunistic bid during the Gulf of Mexico crisis but the board pulled back from making a rescue offer on fears that legal liabilities could blow a huge hole in BP’ s future prospects.

But it is understood that Shell remains interested in a merger – if the terms and conditions are right. At their lowest point in early June 2010, BP shares were trading at just 296p, valuing the group at £55.6billion. That was less than half the peak value of £123.6billion before the disaster.

The group currently has a market capitalisation of £88billion to Shell’s £145billion. It marks a dramatic role reversal from the middle of the last decade when BP under Lord Browne was the darling of the sector and Shell was in crisis after overstating how much oil it had in reserve.

But over the last 12 months, BP has been bogged down by the Gulf of Mexico disaster – it has so far set aside £25billion to cover costs – and Shell has been flying.

‘Much changed from its troubled days seven or eight years ago, Shell is the perfect example of what any company should do when it finds its back to the wall,’ said Howard Wheeldon, senior strategist at BGC Partners.

Shell has certainly benefited from the surging oil price while its rival floundered. Brent crude averaged $105.52 a barrel in the first quarter of the year, 36 per cent more than the same period in 2010. It has since surged to over $125 a barrel.

Although production at Shell fell 3 per cent to 3.5million barrels of oil a day – compared with 3.6million at BP – output was in line with last year once asset sales are excluded and included 230,000 barrels from new fields.

Shell chief executive Peter Voser aims to increase output to 3.7million barrels a day by 2014 and in March set out a new £60billion investment programme to meet demand for oil and gas. At the same time, he pledged a further £600million in cost cuts.

The Anglo Dutch giant’s big bet on liquefied natural gas looks to be paying off. The largest shipper of LNG in the world, it has benefited from higher prices following the Japanese earthquake as the loss of nuclear power in Japan boosts demand for other sources of energy.

Analysts also welcomed the sharp turnaround in the performance of Shell’s downstream arm, which saw profits more than double to £1billion in the three months.

Investors are now hoping the ramp-up in production and high oil prices could allow Shell to increase its dividend, making it harder still for BP to catch its old rival.

‘These were good results helped by higher prices but also a better operating performance,’ said Tony Shepard at Charles Stanley.

‘Shell appears to be making good progress against its targets,’ he added.

‘Clearly, Shell is delivering a superior performance to other oil majors.’ Shell shares rose 14p to 2322.5p yesterday. BP slipped 3.45p to 462.55p.