Royal Dutch Shell Plc  .com Rotating Header Image

Posts under ‘Daily Telegraph’

New Boss of Shell Exploration

Links below to a selection of current news stories posted on our sister website royaldutchshellgroup.com covering, among other developments, news that Shell’s head of exploration Ceri Powell will step down in February and be replaced by Shell upstream strategy VP Marc Gerrits.

There is also coverage of yet further litigation relating to Shell’s activities in Nigeria. This time a claim against Shell for $406.7 million being brought by the Nigerian Federal Government.

The news is no better from Canada. According to the Canadian Press, Shell is suffering setbacks with exploration wells off Nova Scotia.

read more

Shell case may launch wave of lawsuits

screen-shot-2016-11-19-at-20-17-49

By Emily Gosden, energy editor: 19 NOVEMBER 2016 

Royal Dutch Shell is facing a High Court battle over alleged environmental damage from its oil pipelines in Nigeria, in a test case that could open the floodgates to more multinationals being sued in London courts.

The oil giant and its subsidiary, the Shell Petroleum Development Company of Nigeria (SPDC), are both being sued by two Nigerian communities, who are seeking about £100m in compensation after suffering repeated oil spills they claim came from SPDC pipelines in the Niger Delta.

read more

Shell vs BP: which oil giant should you buy?

screen-shot-2016-11-15-at-11-19-02

screen-shot-2016-11-15-at-11-19-46

Screen Shot 2016-08-04 at 14.47.05

By James Connington14 NOVEMBER 2016 

In the hunt for income‑producing stocks, BP and Royal Dutch Shell are two obvious candidates.

Both have so far kept dividend promises made before the oil price crash, leading to hefty yields: 7pc for BP and 6.7pc at Shell. But which firm is better placed to sustain such attractive dividends?

At first glance, it can look like splitting hairs. Each is prioritising dividend payments, although there is little chance of dividend growth.

Both have taken significant action to cut costs and sell assets in response to the lower oil price.

read more

Oil chiefs under fire over ‘pathetic’ new climate investment fund

Screen Shot 2016-09-07 at 14.28.11

screen-shot-2016-11-04-at-20-09-08

screen-shot-2016-11-04-at-20-26-48

Emily Gosden, energy editor: 4 NOVEMBER 2016 • 7:53PM

Oil giants including BP and Shell have been pilloried by climate campaigners after disclosing their annual contributions to a much-hyped new green investment fund would be less than BP chief Bob Dudley earned last year.

Mr Dudley and Royal Dutch Shell chief executive Ben van Beurden were among industry heavyweights who appeared at an event in London to announce plans by the Oil and Gas Climate Initiative (OGCI) to invest $1bn in “innovative low emissions technologies” over the next ten years.

read more

Confidence in enlarged Shell-BG entity

Screen Shot 2016-09-07 at 14.28.11

screen-shot-2016-10-06-at-13-11-55

The week ahead in business and finance

By Tara Cunningham, business reporter: 30 OCTOBER 2016 • 11:41PM

Third Quarter Results: Tuesday, November 1

Confidence in enlarged Shell-BG entity was rattled after a very disappointing set of second quarter results, when it missed consensus forecasts by 52pc. Ahead of Tuesday’s interim results, analysts at UBS warned: “We don’t think it is reasonable to expect a significant uptick in earnings”.

Even though Royal Dutch Shell has a track-record of “volatile” quarters across the year, the bank highlighted that management have already been “quite explicit” in indicating that 2016 is likely to be “quite messy”.

read more

‘We sold Shell as its dividend looks shaky’

Screen Shot 2016-09-07 at 14.28.11

screen-shot-2016-10-28-at-09-58-07

screen-shot-2016-10-28-at-10-00-31

Shell’s acquisition of rival company BG is likely to hurt its finances, making its dividend look more uncertainCREDIT: ARND WIEGMANN

By Laura Suter28 OCTOBER 2016 • 8:59AM

Tom Walker, manager of the Martin Currie Global Portfolio, has 59pc of his fund’s assets in American companies. While he is concerned about the outcome of the election, he does not think a Trump win will necessarily be terrible for the American economy or for the companies he invests in.

Mr Walker, who has run the fund since its launch, tells Telegraph Money why he recently invested in one giant Chinese firm and why he cut Royal Dutch Shell from the portfolio.

read more

It’s boring, but Shell’s fat yield will reward patience

Screen Shot 2016-09-07 at 14.28.11

screen-shot-2016-10-04-at-17-00-56

Screen Shot 2016-08-29 at 22.18.50There are clear risks: history suggests the Opec deal to cut oil production and support prices won’t stick; the company still has to prove it can make its huge BG acquisition work; and the dividend is not covered by earnings for this year and barely covered for next.

4 OCTOBER 2016 • 8:28AM

Royal Dutch Shell

This tip won’t win many prizes for originality but patient, longterm income seekers may find it hard to overlook the prospect of a soundly financed company that offers a 7pc dividend yield while interest rates and yields on the safest bonds remain at rock bottom.

There are clear risks: history suggests the Opec deal to cut oil production and support prices won’t stick; the company still has to prove it can make its huge BG acquisition work; and the dividend is not covered by earnings for this year and barely covered for next.

read more

Shell’s North Sea exit could generate $1bn, says UBS

Screen Shot 2016-09-07 at 14.28.11

Screen Shot 2016-09-07 at 14.24.54

Screen Shot 2016-09-07 at 14.26.24

Jillian Ambrose7 SEPTEMBER 2016 • 1:27PM

Shell could be in line to make $1bn (£750m) in the next two years by selling off North Sea assets as part of a $30bn divestment drive, according to UBS.

The bank predicts that Shell’s North Sea retreat will begin with a “tidying up” of the oil major’s high-cost, legacy assets but that a sale of its attractive core projects could not be ruled out.

UBS oil analyst Jon Rigby said that sales of the oil giant’s older North Sea assets would only generate “a few hundred million dollars” unless the company opts for a more “radical” approach including ditching stakes in the core projects that make up its $7bn North Sea portfolio.

read more

Holy Grail of energy policy in sight as battery technology smashes the old order

Screen Shot 2016-06-07 at 10.05.47

Screen Shot 2016-08-16 at 20.52.27

Screen Shot 2016-08-16 at 21.05.55

AMBROSE EVANS-PRITCHARD10 AUGUST 2016 

The world’s next energy revolution is probably no more than five or ten years away. Cutting-edge research into cheap and clean forms of electricity storage is moving so fast that we may never again need to build 20th Century power plants in this country, let alone a nuclear white elephant such as Hinkley Point.

The US Energy Department is funding 75 projects developing electricity storage, mobilizing teams of scientists at Harvard, MIT, Stanford, and the elite Lawrence Livermore and Oak Ridge labs in a bid for what it calls the ‘Holy Grail’ of energy policy.

read more

Hundreds of North Sea workers down tools on Shell oil rigs

Screen Shot 2016-06-07 at 10.05.47

Screen Shot 2016-07-26 at 16.40.56

Screen Shot 2016-07-26 at 16.45.26Jillian Ambrose26 JULY 2016 • 1:26PM

Around 400 North Sea oil workers have downed tools on Shell oil rigs in the sector’s first spate of industrial action in 28 years.

The 24-hour strike began at 6.30am on Tuesday alongside an ongoing refusal to work overtime and will be followed by further stoppages in the weeks to come, trade union Unite warned.

Offshore oil workers employed by Wood Group to work on Shell’s giant Brent oilfield platforms voted overwhelmingly in favour of strike action earlier this month, after talks over plans to bring in longer hours and lower pay broke down.

read more

Shell braces for North Sea strike action

Screen Shot 2016-06-07 at 10.05.47

Screen Shot 2016-07-11 at 16.36.40

Screen Shot 2016-07-11 at 16.41.05

Jillian Ambrose: 11 JULY 2016

Shell is bracing itself for major strike action on its North Sea platforms after talks between workers and oilfield services company Wood Group broke down ahead of a union ballot.

Wood Group’s oil workers will vote on whether to take action over tougher offshore working schedules and lower pay, in what could be the first wave of strikes for the North Sea in a generation.

Trade unions Unite and RMT are balloting 200 of around 450 oil workers working across Shell’s platforms in the Brent oilfield, and on Wednesday will decide whether almost half the workforce will down tools.

read more

Shell Warns Of Further Job Cuts

Screen Shot 2016-07-01 at 23.22.31

Screen Shot 2016-07-06 at 08.39.56

Screen Shot 2016-06-30 at 18.15.43By Irina Slav – Jul 05, 2016, 9:02 AM CDT

Shell may have to cut more jobs after laying off 12,500 people over the past year, CEO Ben van Beurden told The Telegraph. The new cuts would be prompted by a “continuous improvement drive,” he added.

Elaborating on what this drive would imply, Van Beurden noted jobs are becoming unnecessary as business operations get shut down, or positions being moved to another part of the world, or becoming redundant because of the drive for enhanced business efficiency.

read more

%d bloggers like this: