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Posts under ‘Forbes’

Premium Times: Former Shell Executive Director Arrested in London on Corruption Allegations Involving Over $20bn

  …former board member of Shell Petroleum Development Company of Nigeria… By Bassey Udo: 4 Oct 2015 The Nigerian presidency has confirmed the arrest of a former Petroleum Minister, Diezani Alison-Madueke, in London, over allegations of corruption and money laundering. “The government is aware of the arrest and all the government investigative agencies are working very […]

What Shell’s latest move says about Arctic drilling myths

By  Scott L. Montgomery OCTOBER 1, 2015 The company’s departure is certainly a pause in a new era of Arctic exploration, but it’s not the end. After seven years of preparation and several billion dollars spent, Shell has decided to abandon its exploration program in the U.S. Arctic “for the foreseeable future.” This follows barely […]

Shell-BG Deal Could Face Regulatory Sanctions, But Shell Will Do Everything It Can To Save Deal

Trefis Team, CONTRIBUTOR: 2 Oct 2015 Ever since announcing the $70 billion deal to acquire BG Group back in April, Royal Dutch Shell Plc. has been busy these last few months obtaining the required merger related approvals from various regulatory authorities. After obtaining the required clearances in Brazil, the U.S., and Europe, the process hit a […]

Shell Handed A Get-Out-Jail Card As Its $70 Billion Bid For BG Hits An Obstacle

Tim Treadgold, CONTRIBUTOR Shareholders in Royal Dutch Shell ngIf: ticker will be uncertain whether they should thank, or criticize, the Australian Government’s competition regulator for threatening the proposed $70 billion merger with rival oil and gas producer, BG Group ngIf: ticker . On one hand, a deal which could transform Shell is being threatened. On […]

Crisis In The Arctic

Brigham A. McCown: CONTRIBUTOR: 3 August 2015 Last week, Greenpeace activists succeeded in temporarily halting Shell’s icebreaker, MSV Fennica, from starting its voyage out of Portland, Oregon. The vessel was to join the rest of the fleet on its way to the Artic to begin oil exploration. In defiance of a federal court injunction to halt […]

Choose Shell Over Greenpeace For Arctic Oil And Natural Gas

Jude Clemente: 2 August 2015 Greenpeace’s ongoing attack on Royal Dutch Shell is a concern for energy resource and thus human development around the world. It failed, but Greenpeace just tried to stop Shell’s icebreaker from leaving port in Portland, Oregon, in the hopes of blocking Shell’s drilling plans in the Arctic. Greenpeacers dangled from ropes […]

Greenpeace 1, Shell 1

Himler Contributor: Media, tech & marketing through the eyes of a seasoned PR strategist. : 31 July 2015 It was the early nineties and I was headed down to Houston with a video crew in tow. Our task: to capture generic footage of motorists filling up at Shell gas stations for use as part of a […]

Are European Companies Ignoring E.U. Sanctions On Russia?

Are European Companies Ignoring E.U. Sanctions On Russia? Kenneth Rapoza: 22 June 2015 …some very powerful entities in the E.U. have had it with sanctions. For example, Gazprom, Shell, E.ON and Austria’s OMV Group signed a memorandum last Thursday… It’s been nearly a year since sectoral sanctions were slapped on Russia for its involvement in helping […]

Saudi Arabia Lets The World Drown In Oil

Article by Nathan Vardi: Forbes Staff: Friday 5 June 2015 To the surprise of nobody, Saudi Arabia and the other OPEC member states decided in Vienna on Friday to maintain production targets of 30 million barrels a day, making sure the world remains flooded with oil. The fact that OPEC—particularly the core countries of Saudi Arabia, […]

Big Data In Big Oil: How Shell Uses Analytics To Drive Business Success

By Bernard Marr:  26 May 2015 The oil and gas industries are facing major challenges – the costs of extraction are rising and the turbulent state of international politics adds to the difficulties of exploration and drilling for new reserves. In the face of big problems, its key players are turning to Big Data in the hope […]

Shell Makes A Huge Bet On LNG and Pre-Salt

Shell Makes A Huge Bet On LNG and Pre-Salt Anglo-Dutch oil major, Royal Dutch Shell Plc., recently announced plans for a mammoth – $70 billion – acquisition of BG Group Plc. to further extend its leadership position in the global LNG (liquefied natural gas) market and increase its exposure towards the exploration and development of […]

Shell, With $70B Deal For BG Group, Becomes World LNG Giant

Christopher Helman So this is how the consolidation starts. Royal Dutch Shell is making a smart move in its $70 billion acquisition of BG Group . The deal will gain Shell access to the most exciting deepwater oil projects in the world, in Brazil. While adding in BG Group’s fast-growing liquefied natural gas business will soon make […]

Seattle’s Silly War On Oil Rigs

From an article by Loren Steffy published 16 March 2015 by under the headline: Seattle’s Silly War On Oil Rigs: Reminder, The City Is Also Home To Boeing, The World’s Largest Jet Maker If a plane flies over Seattle, does anyone hear it? Probably not, because they’re all down at the docks protesting the parking […]

Investors Freak: Oil on its way down to $20 A Barrel?

From an article by Christopher Helman published by on 6 Jan 2015 under the headline: “Investors Freak As Saudi Inaction Could Sink Oil To $20 A Barrel. Time To Buy? OPEC is not going to come to the rescue. It is up to American producers to cut oil supplies. The world freaked out over oil […]

Big Oil’s $3 Billion Homage to Nazi War Criminal

The biggest vessel in the world, the Pieter Schelte (above) has been built by Daewoo in South Korea. Swiss company Allseas commissioned the building of the huge $1.7bn ship. Both the legs and main structure of a rig can be moved simultaneously (shown in illustration) Article by Eamonn Fingleton published by 20 December 2014 Big […]

Authorities likely to wave through a Shell BP merger

EXTRACTS FROM A FORBES.COM ARTICLE BY TIM WORSTALL PUBLISHED 6 DECEMBER 2014 If Royal Dutch Shell Buys BP Should The Authorities Ban The Purchase? There’s interesting (and fun!) rumors floating around the London market that Royal Dutch Shell might attempt to purchase BP. These sorts of mergers (or takeovers) aren’t unusual in a commodity business […]

Declining coal production in the U.S.

From a Regular Contributor The following link is about the approaching end of cheap and easy coal from the surface mines in the Western part of the US, specifically Wyoming. These reserves are approaching depletion. That is good for the planet but not necessarily good for electricity consumers in the US, China, and Europe. The […]

Shell shareholders can only wish that they had never heard of Alaska

By John Donovan Christopher Helman of Forbes has neatly summarised the misadventures of Royal Dutch Shell in Alaska… “Consider for a second the $5 billion misadventure that Royal Dutch Shell has had in Alaska. Here’s a quick recap: In 2008 Shell acquired the rights to exploration blocks in the Beaufort Sea north of the North […]

BP And Shell Have Problems, But Manageable Ones, With The Russian Sanctions

Extract from a Forbes article by Tim Worstall published 29 April 2014 The imposition of sanctions on various Russian people and organisations over the Ukraine threatened to pose a number of problems for the big energy companies, especially BP and Shell. If Rosneft itself were placed on the list, for example, or Gazprom, the the […]

What The Hell, Shell? Oil Giant Warns On Disastrous Quarter

Royal Dutch Shell released a dreadful profit warning today. …a few more quarters like this one and the pressure will mount on CEO van Beurden to start slashing that capex and put Shell into a managed shrink-down like CEO Robert Dudley has been forced to do at BP. Earlier this week The Financial Times reported […]

Marvin Odum, just another Shell snake oil salesman

By John Donovan Based on insider information, we beat Shell to the punch by announcing a day before Shell, that David Lawrence had left the company. We said that he had been fired after Shell’s Arctic plans fell apart. When Shell was put under pressure to comment, the company claimed Lawrence was leaving by mutual […]

Selection of links to Shell related articles: 17 February 2013

Selection of links to current Shell related articles kindly provided by a regular contributor Heat on Nigeria oil industry as sector chiefs meet: Daily Nation-Major oil industry executives gather in Nigeria’s capital for an annual … by government ministers and top officials from oil majors Shell, Exxon, … Oil and Gas Feeding Off Each Other […]

Why Shell Should Just Quit Its Alaska Drilling Fiasco

Christopher Helman, Forbes Staff: I’m based in Houston, Texas. Energy capital of the world. Royal Dutch Shell is taking flack from all directions today as a team of salvage experts try to figure out how to free the $290 million Kulluk floating drilling rig that ran aground on the coast of Alaska Monday. The crew […]

Shell News Archive 3 November 2005

From Our Shell News Archive 3 November 2005 The EU domain battle “A recent example of an expensive lawsuit is the Shell case for and Shell lost this case. So far the lawsuit has cost millions and the domain still doesn’t belong to them.“ (Comment by John Donovan on 3 November 2012: […]

Black Gold In Ireland? MindThe Eco Warriors, Though.

Big Oil has watched the Irish scene and its public protests and court cases with trepidation. John O’Sullivan, technical director with Providence Resources, told the Financial Times, “We’ve definitely seen a Corrib ripple effect…. [Potential investors] go through the technical assessment, it gets to their main board and then someone who has worked at Shell […]

Shell, Corporate Social Responsibility and Respect for the Law

10/03/2012 This post is by Amol Mehra and Katie Shay On Monday, the U.S. Supreme Court considered a case that strikes at the core of corporate social responsibility, Kiobel v. Royal Dutch Petroleum (Shell). The Kiobel plaintiffs allege that Shell was complicit in egregious human rights violations including rape, torture, and the extrajudicial killings of […]

A Shell Game: When Reality Meets Bribery

9/21/2012 @ 4:03PM When I used to train employees on how not to bribe, I always added a caveat.  If your health or safety is at issue, I used to say, get yourself out of the situation.  Contact me immediately when you get to a safe zone, but do what you have to do. I […]

After Mishaps, Shell Dials Back Arctic Oil-Drilling Plans

Christopher Helman, Forbes Staff: 9/17/2012 I’m based in Houston, Texas, energy capital of the world. For weeks now it’s been unlikely that Shell would have enough time before the sea freeze sets in to drill down to oil-bearing zones in its newly spudded well in Alaska’s Chukchi Sea. But today Shell made it official, announcing […]

Russia: Shell-Shocked From U.S. Shale Over Shtokman

  By Matthew Hulbert, Contributor 8/29/2012 It’s been coming for a long time, but Gazprom has finally canned its 3.9tcm Shtokman gas development in the Barents Sea. France’s Total and Norway’s Statoil can breathe a collective sigh of relief as Gazprom’s triumvirate partners, ducking out of an increasingly expensive $20bn Arctic development. But as far […]

The Frozen Frontier: Is Shell Ready For The Risks Of Arctic Drilling?

8/02/2012 @ 2:19PM This column is a guest blog authored by Jim Coburn, who directs Ceres’s corporate sustainability disclosure program: Just two years after BP’s Deepwater Horizon rig exploded in the Gulf of Mexico, another oil industry giant is poised to begin drilling in an even more forbidding, unpredictable and remote environment: the Alaskan shoreline. […]

Was Greenpeace’s Shell Hoax Brilliant Or ‘Villainous’? One Of The Guys Behind It All Speaks.

Kashmir Hill, Forbes Staff: 7/19/2012 @ 3:51PM Was Greenpeace’s Shell Hoax Brilliant Or ‘Villainous’? One Of The Guys Behind It All Speaks. The reaction to Greenpeace’s hilarious hijacking of Shell Oil’s online identity has been mixed this week. Greenpeace and Yes Lab created a parody “Arctic Ready” website that closely mirrored Shell’s own site talking […]

Shell Oil’s Social Media Nightmare Continues, Thanks To Skilled Pranksters Behind @ShellisPrepared

Shell Oil’s Social Media Nightmare Continues, Thanks To Skilled Pranksters Behind @ShellisPrepared Kashmir Hill, Forbes Staff: July 18, 2012 Two months ago, an “Arctic Ready” website appeared online. Festooned with Shell Oil’s logo, it purported to be a site dedicated to educating the public about Shell’s drilling for oil up North. It even included an […]

Is Shell The Equivalent Of Nazi-Era Firm? Legally, Perhaps – Forbes

FROM A SHELL RELATED SOURCE John, Found some articles you might find interesting –   Supreme Court to Decide Whether US Corporations Can Be Sued for This is a ‘blast from the past’ but a good reminder of the particulars of RDS’s conduct – Factsheet: Shell’s Environmental Devastation in Nigeria | Center for … This […]

Why Environmentalists Should Support Oil Exploration In Alaska’s Arctic Waters

Why Environmentalists Should Support Oil Exploration In Alaska’s Arctic Waters 5/30/2012 Christopher Helman, Forbes Staff This is a guest column by Bob Reiss. He is author of “The Eskimo and the Oil Man,” just published, for which he spent three years reporting with many trips to Alaska. Reiss has written for Smithsonian, Outside and Parade Magazines […] S&P may still cut Shell Group entities

FROM OUR ARCHIVES… S&P may still cut Shell Group entities Reuters, 05.28.04, 10:39 AM ET Posted 29 May 04 (The following statement was released by the ratings agency) NEW YORK, May 28 – Standard & Poor’s Ratings Services said today that, following the release of the Royal Dutch/Shell Group of Companies’ (Shell) audited 2003 […]

Energy in 2050 — Shell’s Peter Voser

Rich Karlgaard, Forbes Staff This article originally appeared in the Apr. 23, 2012 issue of Forbes magazine. This year will likely be the first time in history that a company tops $500 billion in sales. Two oil companies are good bets to pass the mark: the U.S.’ ExxonMobil and the U.K.-registered, Netherlands-headquartered Royal Dutch Shell. […]

Supreme Court To Decide If 1789 Law Applies To Shell Today

Daniel Fisher, Forbes Staff 12/20/2011 For nearly 200 years, the Alien Tort Claims Act lay dormant, a one-sentence law passed by the first Congress that gave federal courts jurisdiction to hear any lawsuit brought by “an alien” for torts committed “in violation of the law of nations.” Then around 1980 inventive lawyers rediscovered it as […]

Shell Motiva release of carcinogenic chemical at Norco plant

By John Donovan 18 September 2011 Bloomberg has reported the release of a carcinogenic chemical –  butadiene – by Shell/Motiva at its Norco plant in Louisiana. Butadiene is listed as a known carcinogen by the Agency for Toxic Substances Disease Registry and the US EPA. At acute high exposure, damage to the central nervous system […]

Rosneft Deal Shows Exxon To Be The Only Supermajor With Heft In Russia

In Sakhalin… Exxon has fared much better than rival Royal Dutch Shell, which has led the development of Sakhalin-2. In 2005 Shell disclosed $10 billion in cost overruns on the $20 billion project, and in 2007 it was forced by the Kremlin to sell half of its Sakhalin stake to Gazprom. Though Shell and Rosneft […]

Pensions weigh options from BP spill

By ALAN SAYRE , 07.08.10, 12:03 AM EDT NEW ORLEANS — The exasperation with felt by residents of the Gulf states is spreading to shareholders – and some are taking the oil giant to court. Since the Deepwater Horizon drilling rig disaster on April 20, ( BP – news – people ) shares have lost […]