Royal Dutch Shell Plc  .com Rotating Header Image

Posts under ‘Oil’

In the deepwater versus shale oil contest, Shell backs both

Ron BoussoDmitry Zhdannikov: FEBRUARY 20,2018 LONDON (Reuters) – Royal Dutch Shell (RDSa.L) will expand deepwater output and turn a profit from its shale production in coming years as both together will help the oil major cope with a world of low crude prices, the head of its oil and gas production said on Tuesday.

Shell’s deepwater production in Brazil, Nigeria, the Gulf of Mexico is much bigger and more profitable, but the firm sees the nimble, fast-returns U.S. onshore shale as an engine for growth.

“We can see strong (shale) production growth, strong cash surpluses that gives us a balance in our portfolio where you can ramp investment up and down, you can moderate that, very unlike deepwater which is quite chunky,” Andy Brown told Reuters in an interview on the sidelines of the IP Week conference. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell names Jacek Dziembaj head of oil products trading -memo

Reuters Staff: FEBRUARY 19, 2018

* Royal Dutch Shell has appointed Jacek Dziembaj as head of oil products trading and supply, according to an internal announcement seen by Reuters.

* Dziembaj will be based in London and assume his new role from April 9.

* Dziembaj’s appointment follows the naming in December of Mark Quartermain as head of crude oil trading at the Anglo-Dutch company.

* Dziembaj has 26 years of experience in Shell, including working in the retail and lubricants businesses and most recently as vice president retail Europe/South Africa. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Eni’s strong performance clouded by allegations of bribery

Extract taken from FT article relating to OPL 245 Shell/ENI/Malabu Oil Deal/Dan Etete/Malcolm Brinded billion dollar scandal: 

Eni reports record oil and gas production

Eni’s strong performance has been clouded by allegations of bribery related to a $1.3bn deal in 2011 to acquire one of Nigeria’s largest untapped oilfields. Mr Descalzi and several other current and former executives are due to stand trial for alleged corruption in Milan in March. Mr Descalzi has denied wrongdoing and Eni’s board has maintained its “full confidence” in him. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Big Oil’s Global Warming Case Could Hinge on Jurisdiction

Borrowing from the playbook that won multibillion-dollar awards against Big Tobacco, five California cities and counties sued the oil giants last year, claiming they deceived the public for decades about the dangers of fossil fuel production.

 

SAN FRANCISCO (CN) — The fate of five lawsuits seeking to hold the world’s biggest oil companies liable for global climate change hinges on a murky jurisdictional question that could get some cases booted out of federal court.

For the past eight days, attorneys for more than a dozen oil companies urged two federal judges not to send lawsuits against them back to state court, where five California cities and counties sued Big Oil last year.

“The extraordinary nature of these claims encompasses conduct across the globe,” the oil companies’ attorney Theodore Boutrous said in court Thursday. “We think the federal courts need to hear this, because it’s uniquely federal.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Is the era of rising oil prices already over?

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad

Begins

Is the era of rising oil prices already over?

From our editor • Fair

Oil prices were on the rise. A barrel of Brent oil, benchmark for the world oil markets, dipped on the $ 45 last year, then started a climb that ended two weeks ago at $ 70. Then the draft came in. Last week, the price of a barrel of Brent dropped by the $ 62. Is this the beginning of an oil price decline?

Hans van Cleef, energy economist at ABN Amro

‘Oil may start to decline in the short term. The prices were very much gone. There has been some fear about the potential of American shale oil. That puts pressure on prices in a fairly speculative market. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Secret Manoeuvres in the Dark

Extract from the ebook “John Donovan, Shell’s Nightmare” (now available on Amazon websites globally)

(BACKGROUND INFORMATION ABOUT SHELL’S EPIC 25 YEAR FEUD WITH JOHN DONOVAN – which puts the extracts below in overall context.)

…Shell Oil Co implemented a secret 265-page devious plan devised by a Washington-based firm, Pagan International called “The Neptune Strategy.” It was designed to undermine support for critics of Shell’s policy of propping up the despised racist apartheid regime in South Africa.

Extract below from pages 97 & 98, including reference to a book – “Secret Manoeuvres in the Dark”- authored by Eveline Lubbers

It is relevant to point out that we were not the first critics of Shell to be the subjects of cloak and dagger activity. According to the same book in 1987, Shell Oil Co implemented a secret 265-page devious plan devised by a Washington-based firm, Pagan International called “The Neptune Strategy.”

It was designed to undermine support for critics of Shell’s policy of propping up the despised racist apartheid regime in South Africa. On page 67, Lubbers reveals that Shell had secret meetings with church delegates. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell platform transformed into artificial reef in the Gulf of Mexico

Source: Bureau of Safety and Environmental Enforcement

For nearly 40 years, a 350-foot-tall metal frame in the Gulf of Mexico supported a platform that pumped oil and gas from the seafloor. The 3,000-ton structure was recently converted into an artificial reef off the coast of Louisiana, where it will serve as habitat for fish and other marine life. Shell’s Cougar platform was installed in 1981 and produced about 31 million barrels of oil and gas over its lifetime, said Shell external relations advisor, Theodore Rolfvondenbaumen. The platform was recently decommissioned and the deck and topside were brought back to shore. The metal frame of the structure was donated to Louisiana’s Artificial Reef Program. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Nigerian court sets Malabu oilfield corruption case hearing for June 18

ABUJA, Feb 15 (Reuters) – A Nigerian court has set a hearing over a disputed 2011 oilfield deal for June 18, the country’s financial crimes watchdog said on Thursday, part of a string of international corruption probes into the purchase.

The case relates to a purchase of the offshore OPL 245 oilfield in Nigeria by oil majors Royal Dutch Shell and Eni in 2011.

At the core of the case is a $1.3 billion payment from Shell and Eni to secure the block from Malabu Oil and Gas, allegedly controlled by former Nigerian oil minister Dan Etete. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Appeal Court Says Shell Can’t Be Tried In UK For Nigerian Oil Spills

By Tsvetana Paraskova – Feb 14, 2018, 2:30 PM CST

The UK Court of Appeal ruled on Wednesday that Nigerian communities cannot pursue Royal Dutch Shell in UK courts over oil spills in the oil-rich Niger Delta, upholding a previous High Court ruling that UK-based multinational companies cannot be tried in England for the actions of their subsidiaries overseas.  

In a 2-1 ruling today, the Court of Appeal dismissed the appeal filed by law firm Leigh Day on behalf of the Bille and Ogale communities in Nigeria, upholding a January 2017 High Court ruling that courts in England and Wales don’t have jurisdiction to hear lawsuits against Shell’s Nigerian unit, Shell Petroleum Development Company (SPDC). read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Oil giant Shell wins latest UK court fight over Niger Delta pollution claims

PRESS ASSOCIATION

Oil giant Shell has defeated the latest legal bid by thousands of Nigerians to have their damages claims over pollution dealt with by the English courts.

Last year, a judge in London made a ruling which meant that any compensation actions by two Nigerian communities affected by oil spills would have to be heard in Nigeria.

The communities later went to the Court of Appeal to challenge the decision of Mr Justice Fraser.

On Wednesday, judges in London dismissed their appeal by a majority of two to one. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Nigeria: UK court deals a blow to oil spill victims and corporate accountability

Responding to a Court of Appeals judgement that two Niger Delta communities cannot have their case against oil giant Shell heard in the UK because the parent company cannot be held liable for the actions of its Nigerian subsidiary, Joe Westby, Amnesty International’s Campaigner on Business and Human Rights, said:

“With this ruling the court has struck a blow not only to the Ogale and Bille communities, who live everyday with the devastating consequences of Shell oil spills, but with victims of corporate human rights abuses all over the world. This ruling sets a dangerous precedent and will make it more difficult to hold UK companies to account. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Appeal court rules Nigerians cannot pursue Shell spill claim in England

Libby GeorgeTife Owolabi: 14 FEB 2018   LONDON/YENAGOA, Nigeria (Reuters) – The Court of Appeal in London ruled on Wednesday that two Nigerian communities cannot pursue Royal Dutch Shell in English courts over oil spills in Nigeria’s Delta region. The split decision upheld a High Court ruling last year that was a setback to attempts to hold British multinationals liable at home for their subsidiaries’ actions abroad. 

The court rejected the appeal from law firm Leigh Day on behalf of Nigeria’s Bille and Ogale communities, and upheld a ruling that English courts do not have jurisdiction over claims against Shell’s Nigerian subsidiary Shell Petroleum Development Company (SPDC). read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Inside the Bribery Scandal Sweeping Through the Oil Industry

Shell and Eni paid $1.3 billion for oil rights in Nigeria. Whether the money was mostly a bribe is at the heart of one of the industry’s most dramatic criminal cases

EXTRACTS

By Sarah Kent in Abuja, Nigeria, and Eric Sylvers in Milan: Feb. 13, 2018 12:40 p.m. ET

A top oil executive walked into the marble lobby of an exclusive Milan hotel on a chilly winter night. His dinner date was a former Nigerian oil minister offering to sell one of Africa’s biggest untapped oil discoveries.

Eight years later, the question of whether the $1.3 billion paid for the license to that prized oil field was mostly a bribe is at the heart of one of the biggest bribery scandals the oil industry has ever seen.

Shell executives, including Malcolm Brinded, Shell’s global exploration and production chief at the time of the deal, will also be tried on those charges, as well as both companies. Eni and Shell both deny wrongdoing, saying they simply paid the government and didn’t know the money would be used for … read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Inspire and Shell Energy North America Enter Multi-Year Strategic Relationship

Shell Energy will partner with Inspire to accelerate consumer adoption of clean energy, with plans to grow to over one million Inspire members

SANTA MONICA, Calif.Feb. 14, 2018 /PRNewswire/ — Inspire, a consumer technology company focused on enabling everyone to have a smart home powered by clean energy, announced today that it has entered into a multi-year strategic relationship with Shell Energy North America. Under the arrangement, Shell will provide Inspire with a broad range of services to support the company’s aggressive expansion plans over the next several years, including a credit line for trading and a revolving credit facility. Shell’s support will facilitate Inspire’s purchase of clean energy products and accelerate membership growth, with capacity for over one million members. The new arrangement comes on the heels of Shell’s recent commitment to increase its development of new energies, spending up to $2 billion a year until 2020. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

MOSOP Warn Shell Against Attempt to Forcefully Resume Production in Ogoniland

By Fegalo Nsuke

The Movement for the Survival of the Ogoni People (MOSOP) wishes to state its displeasure over an attempt by the Shell Petroleum Development Company of Nigeria Limited to forcefully resume oil production in Ogoniland.

We state unequivocally that the actions of Shell are unacceptable to the Ogoni people. We note that Shell and its allies are still Persona Non Grata in Ogoniland and consequently, any attempt to forcefully resume production in Ogoni without properly negotiating with all stakeholders will surely be resisted by the Ogoni people and could lead to a breakdown of the peace and possible military crackdown as usual.

MOSOP therefore demand the immediate withdrawal of all equipment belonging to Shell in Ogoniland. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell is shaking up the energy market with one eye on tomorrow

 The Times

Recent rises in the price of oil have triggered anticipation of somewhat better times ahead in the North Sea. Last month BP announced two new discoveries — Capercaillie in the central segment and Achmelvich, west of Shetland. While the scale of the new reserves is being assessed, their discovery, together with the hardening benchmark price, have served to brighten and lengthen the outlook for Scotland’s offshore oil and gas. It would be a gross exaggeration to paint this as a hydrocarbon renaissance. In the past ten years, Brent crude has fetched as much as $140 a barrel but since the price collapsed dramatically in mid-2014, from $112 to as little as $34, oil has struggled to shake off a new normal around the $50 mark.… read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
%d bloggers like this: