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Posts under ‘Oil Company Profits’

Here’s Why Royal Dutch Shell is Walking a Dangerous Tightrope

Extracts from an article by Bob Ciura published 14 April 2014 by The Motley Fool Heading into 2014, new Chief Executive Officer Ben van Beurden set rigorous capital discipline as his firm’s top priority. Over the past few years, Shell was led on an ambitious growth strategy that involved several high-profile resource acquisitions. Many of […]

Head-to-Head: BP vs Royal Dutch Shell

Extracts from an article by Holly Cook published 14 April 2014 by MorningStar Investor sentiment on Shell today is decidedly negative after years of poor execution. Shell’s big shale bets have been a huge bust, crushing the profits and returns of its upstream operations in North America. This is likely to be a drag on […]

Offshore drilling is at a slowdown

Extracts from an article by Jeff Nevile published Friday 11 April 2014 by oilvoice.com Royal Dutch Shell Plc was one of the first to announce a plunge in profit this year as they announce a 48% drop. As Shell postponed their offshore drilling in Alaska, Chief Executive Officer Ben Van Beurden promised to slash capital […]

Shell’s UK corporation tax bill tumbles

Extracts from an article by ROB DAVIES published 9 April 2014 by This is Money.co.uk under the headline: “Shell’s UK corporation tax bill tumbles by nearly 90 per cent as company invests more in North Sea and production declines” Shell’s UK corporation tax bill tumbled by nearly 90 per cent to just £55.5m last year, […]

Oil Theft in Nigeria Continues to Plague Shell

Extract from an article by Arjun Sreekumar published on 28 March 2014 by The Motlet Fool under the headline: “Oil Theft in Nigeria Continues to Plague This Company” Though one could argue that Shell, which has been operating in Nigeria for decades, should have sold its sabotage-prone Niger Delta assets long ago, at least the […]

‘Orphan’ oil wells warning for fracking

By James Morgan Science reporter, BBC News 24 March 2014 Plans to expand shale gas “fracking” in the UK must learn from leaks and poor monitoring at existing onshore oil and gas sites, scientists say. A review of 2,152 wells drilled from 1902-2013 found up to 100 “orphaned” wells for which no firm is responsible. […]

Peter Rees reappears but mystery remains over his exit from Shell

“Rees’ departure from Shell prompted much speculation in the City, given the company’s recent profit warnings, the on-going European Commission investigation into oil price-rigging and the arrival of new CEO Ben van Beurden.” Mr Rees has refused to comment on the circumstances of his unexpected and unexplained departure from Royal Dutch Shell during a financial […]

Shell undergoing massive sell off to fix its balance sheet

Extracts from an article poublished Monday 24 March 2014 by MarketWatch under the headline: Ghana’s Jubilee Points to Best Offshore Acreage in the World LONDON / ACCESSWIRE / March 24, 2014 / The oil industry hasn’t started off 2014 with a bang. The oil majors – ExxonMobil, Royal Dutch Shell, Chevron, BP – all posted […]

Shell blasted amid poverty, conflict

Social Action accuses Shell of handing out payments for so-called security contracts to rival factions on opposing sides, who used the money to buy more weapons and ammunition to sustain the conflict. Extracts from an article published on 20 March 2014 by WAR ON WANT Shell will come under fire on Saturday, World Water Day, […]

Shell in slashing mode

Extracts from an article by EDUARD GISMATULLIN published by Bloomberg News on 14 March 2014 under the headline: Shell in slashing mode: Cuts Americas spending by 20% after losses in shales THE HAGUE (Bloomberg) — Royal Dutch Shell plans to lower spending in the Americas by a fifth as Europe’s largest oil producer focuses on […]

Seplat Sees No Oil Theft in Nigeria, Where Shell Lost $1 Billion

Extracts from a Bloomberg article by Eduard Gismatullin published on 14 March 2014 Seplat Petroleum Development Co., the Nigerian oil producer raising $500 million from investors, said it had “absolutely no” theft in Nigeria, where Royal Dutch Shell Plc lost almost $1 billion due to sabotage in 2013. Seplat in July 2010 bought three licenses […]

The scandal of Corporate bonuses, and why they continue:

Extract from an informative article by former Royal Dutch Shell senior executive, Paddy Briggs, published 27 Feb 2014 Seven-figure bonuses are common across the corporate world – at the very top of course! Here, for example, is what “The Guardian” reported about the remuneration of Peter Voser the then top man in Shell just under […]

Ben Van Beurden’s plans overshadowed by Peter Voser’s £22m pay deal

Extracts from an article by ROB DAVIES published on 14 March 2014 by The Daily Mail newspaper under the headline: “Shell boss Ben Van Beurden’s plans for the company are overshadowed by former boss Peter Voser’s £22m pay deal” Shell boss Ben van Beurden’s grand plan to spruce up the oil giant has been overshadowed […]

Shell Cuts Americas Spending by 20%, Extends Refinery Sales

Extracts from an article by Eduard Gismatullin published on 13 March 2014 by Bloomberg News Royal Dutch Shell Plc (RDSA) plans to lower spending in the Americas by a fifth as Europe’s largest oil producer focuses on more profitable operations. It’s “not acceptable” that Shell, now deploying about 36 percent or $80 billion of its […]