Royal Dutch Shell Plc  .com Rotating Header Image

Posts under ‘Gas’

Shell News Stories Monday 27 March 2017

‘Biggest Oil Discovery In UK Waters This Century’: ClimateChangeDispatch

Hurricane Energy has made a further oil discovery west of the Shetland Islands days after Royal Dutch Shell and BP won exploration licences in an area the UK is counting on to breathe new life into its struggling oil and gas industry.

Shell and Anadarko mull clean break from Permian venture -executive: Reuters

LONDON/HOUSTON, March 27 (Reuters) – Royal Dutch Shell Plc and Anadarko Petroleum Corp may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive.

Why Are Shell And Toyota Backing Hydrogen Fuel Cell Vehicles?: OilPrice.com

Royal Dutch Shell sees that facing a lower-carbon transport future will need a “mosaic of fuels and engines,” but the energy conglomerate is leaning toward hydrogen as the alternative fuel of choice.

read more

Shell Upstream Director Admits Culture of Fear Among Shell Employees

By John Donovan

Shell Upstream director Rich Denny has tacitly acknowledged a culture of fear among Shell employees at the Nyhamna gas plant in Norway. He claims that although it is not the dominant culture, he cannot dismiss that some Shell employees apparently do feel afraid to speak up.

The admissions were contained in another message from Rich Denny published on the Shell web which is Shell’s response to the report commissioned and published by the SAFE Union. The comments from Mr Denny can only be construed as a comprehensive attack on the integrity, content and findings of the SAFE report.

read more

SHOW TRIAL OF A SHELL NORWAY SAFETY REP

The current hardline regime at the Nyhamna gas plant seems determined to intimidate its employees. 150 of them were ordered to attend for this purpose so that they could witness the entire cringe-making spectacle.

By John Donovan

I briefly mentioned in an earlier article an unusual meeting held in a canteen located within the Shell Nyhamna Gas Plant in Norway. 

It seems to have been some kind of show trial with evidence only being presented by the prosecutors – belligerent senior Shell managers who had already reached a guillotine verdict on the accused party, Runar Kjørsvik.

The plant manager Trond Lofstad read from a pre-prepared indictment. A non-professional translation can be read here.

The current hardline regime at the gas plant seems determined to intimidate employees. 150 of them were ordered to attend for this purpose so that they could witness the entire cringe-making spectacle.

read more

Shell Prelude FLNG project relegated to backburner

By John Donovan

A Reuters article published today reports that a collapse in the benchmark price of gas has hit Shell’s “long-delayed $12.6 billion Prelude project off northwest Australia”.  Citing Shell Prelude, it says that FLNG projects are being relegated to the backburner.

Shell executive VP Steve Hill is quoted as admitting: “There was maybe an expectation when Prelude was being conceived that this was the future and every LNG project would look like that. I think that got kind of superseded by the U.S. being the primary source of new LNG supply ..”

read more

Financial tremors for Shell/Exxon (NAM) triggered by Dutch earthquakes

From a regular contributor

NAM has been found responsible for immaterial damage to the inhabitants of Groningen in court 2 days ago. NAM is appealing. Individuals can now claim damages to their health, due to stress caused by the earthquakes. I don’t know the exact English translation of this jargon but you get the point, NAM not only has to pay for the physical damage but also for spoiling the lives of people. 

Be prepared for many years of legal battles. The damages are very low compared to the USA but there are many people who can claim. Potential costs can be very high. Obviously, it is the shysters who will get the bulk of the money! And all the time there is pressure to reduce output from the Groningen field.

read more

Shell, the oil giant run by unscrupulous hypocrites 

Congratulations to The Guardian on their story exposing the hypocrisy of Royal Dutch Shell in relation to climate change. 

‘Shell knew’: oil giant’s 1991 film warned of climate change danger

Shell subsequently invested billions in highly polluting exploration and production activities around the world. The Guardian provides examples. 

The gap between Shell propaganda and what it actually does is even more striking bearing in mind the core principles of Shell’s claimed ethical code of honesty, integrity, transparency etc.

read more

Shell’s Role in Irish Police Corruption Scandal

By John Donovan

In April 2013, I informed Alan Shatter, the then Irish Minister for Justice & Equality about widespread corrupt practices involving the Irish police. I received an emailed acknowledgement of the warnings from his then Private Secretary Damien Brennan.

Shortly thereafter Shatter was forced to resign after a state-commissioned report found that both the government and police had failed to properly address allegations of Irish police corruption.

Shell was a corporate sponsor of corruption in Ireland aided and abetted by its then”Mr Fixit” company OSSL, who to this day, freely admit their involvement in distributing bribes on behalf of Shell to smooth the path of the controversial Corrib Gas Project.

read more

€8.5 million Shell slush fund mishandled in Ireland

By John Donovan

The Irish edition of The Sunday Times has published an article reporting that an official audit by a local government auditor has criticised the basis on which a €8.5 million fund, provided by the benevolent energy giant Shell, was handled by Mayo County Council.

What is the appropriate description for such a huge sum lavished on a relatively tiny community in County Mayo? A bribe? A spectacularly generous gift? Hush money? Or compensation for being diddled out of their birthright?

read more

Royal Dutch Shell Breaking News 31 Jan 2017

Links below are to some of the current news stories posted on our sister website royaldutchshellgroup.com covering, among other developments, an article published today by The Wall Street Journal under the headline: Corruption Currents: Nigeria to Charge Shell, Eni in Oil-Graft Scandal.

There is also news that Shell has sold a stake in a Thailand gas field and is selling more North Sea assets, all part of the fire sale necessary for funding the takeover of the BG Group. Also, some previews of Shell’s imminent fourth quarter results.

read more

Discrepancy in Shell’s Corrib Gas Project financial filings?

By John Donovan

I have received information from Maura Harrington, spokesperson for the Shell to Sea campaign in Ireland concerning questions arising from the filed Shell financial accounts (2015) relating to the controversial construction of the Corrib natural gas pipeline in Ireland.

Maura would like the information to be brought to the attention of Shell shareholders so that if others examine the information she has already downloaded from the Irish Companies Registration Office (CRO) and share her concern, questions can be raised at the forthcoming Royal Dutch Shell Plc AGM.

read more

Financial tremors for Shell and Exxon from Groningen earthquakes

By John Donovan

A Dutch court has just upheld a government decision to cap production at the Groningen gas field, a giant natural gas field located in Groningen province in the northeastern part of the Netherlands. The largest natural gas field in Europe.

It is operated by the Nederlandse Aardolie Maatschappij BV (NAM), a joint venture between Royal Dutch Shell and ExxonMobil, with each company owning a 50% share. 

For decades, the venture has been a money spinner for the oil giants and the Dutch government.

read more

Royal Dutch Shell PLC saddled with a mountain of debt


By John Donovan

The Wall Street Journal does not mince its words.

In an article published today, it says that Shell has saddled itself with a mountain of debt as a result of its takeover of the BG Group.

Article author Sarah Kent points out Shell’s  debt-to-equity ratio is far higher than its major rivals.

The same concern is expressed in a related Wall Street Journal article: Shell’s New Year Promise: Slimming Down

Although Shell promised to offload $30 billion of assets, it has thus far sold only $5 billion worth.

read more

%d bloggers like this: