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Posts under ‘Fracking’

Will falling oil prices curb America’s shale boom?

  This time some of the pain will be taken by the big integrated energy firms, such as Exxon Mobil and Shell. After a decade of throwing shareholders’ cash at prospects in the Arctic and deep tropical waters to little effect, they began cutting budgets in 2013. Extracts from an article published by The Economist […]

Shell admits fracking failure in Ukraine

By John Donovan The Russian News Agency Tass is reporting that Graham Tiley, the country manager of Shell Ukraine has admitted in a meeting with a local high-ranking official that Royal Dutch Shell has failed to achieve the desired progress in the Yuzovka gas field in Ukraine’s east.  Tiley blamed the fracking failure on the situation in […]

DUTCH SEEK REVISED GAS DEAL WITH SHELL & EXXON

The Dutch government Minister of Economic Affairs, Henk Kapm, is seeking to renegotiate deals with Exxon Mobil and Royal Dutch Shell on the extraction and sale of Dutch gas. It seems reasonable to speculate that it is not his intention for the renegotiation to benefit the oil giants, who are joint owners of the Dutch […]

Long noses at Shell

Worthy winners of France’s fiercely contested ‘Prix Pinocchio’ 2014 were selected last night, recognising corporate greed, hypocrisy and malfeasance, based on a record vote since the awards began. Shell won hands down for the Pinocchio award category ‘One for all and all for me!’, with 43% of the vote, for the development of shale gas […]

Royal Dutch Shell News 15 Oct 2014

By John Donovan WHISTLEBLOWER ALLEGES ROYAL DUTCH SHELL TAX EVASION IN NIGERIA  A former manager of Shell Production Development Company in Nigeria has accused Shell of massive tax evasion. He also alleges that the Nigeria Economic and Financial Crimes Commission demanded a bribe from him as part of a related cover-up plan for Shell. The […]

Shale Fracking is a ‘Ponzi Scheme’

“Shale Fracking is a “Ponzi Scheme” … “This Decade’s Version of the Dotcom Bubble” By John Donovan A regular contributor has very kindly drawn my attention to an article published by GlobalResearch under the headline: “Shale Fracking is a “Ponzi Scheme” … “This Decade’s Version of the Dotcom Bubble” In making the case to support […]

ROYAL DUTCH SHELL PLC NEWS FRIDAY 19 SEPT 2014

By John Donovan Shell’s Arctic Drilling Plans  fuelfix.com has published an article about Shell’s latest plans for exploratory oil drilling in the Chukchi Sea, north of Alaska. The detailed article contains links to a document Shell has filed with the U.S. Bureau of Ocean Energy Management, a related federal court document and an exploration plan.  A lawyer […]

BP a better investment than Shell right now

Extracts from an article by David Thorpe published 22 July 2014 by What Investment under the headline: “M&G: BP is a better investment than Shell right now” Felton’s reason for not investing in Shell at present is that he believes the company has made a significant strategic blunder. ‘Shell has always been the high cost, […]

South African anti-fracking group threatens legal challenge

Extract from a Reuters article by Ed Cropley published 22 July 2014 under the headline: “UPDATE 1-S.African anti-fracking group threatens legal challenge” JOHANNESBURG, July 22 (Reuters) – A South African anti-fracking group threatened a legal challenge on Tuesday to government plans to grant shale gas exploration licences in the pristine semi-desert of the Karoo, saying […]

Shell ending investments in gas development project in Saudi Arabia

Reuters article published by ArabNews.com Monday 7 July 2014 DUBAI: Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia, complicating the top oil exporter’s efforts to exploit its huge gas reserves. The search for gas has been a priority for Saudi Arabia as it struggles to keep pace with rapidly […]

Shell sails ahead without UK shale

Extracts from an article by Andrew Critchlow published in The Sunday Telegraph on 6 July 2014 Shale gas is likely to play an increasingly important role in powering Britain’s growth but don’t expect the country’s largest oil and gas company, Royal Dutch Shell, to help create a fracking-led energy revolution. Andrew Brown, director of upstream international […]