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Posts under ‘Oil’

Big Oil Could Be In Big Trouble

By John Donovan A number of current articles warn of falling oil prices. A zacks.com article says that oil prices have fallen below $100 to the lowest level this year and that natural gas has fared even worse. Nas.daq.com reports that the price of oil has plummeted, and that the fall is accelerating. It also points […]

Royal Dutch Shell Plc .com News Roundup: 18 August 2014

THE CORRUPT SULTAN OF BRUNEI – RECIPIENT OF SHELL WEDDING GIFT BRIBERY Firstbiz. has published an article setting out 5 things it says you should know about the Sultan. See “Meet Sultan of Brunei, the man willing to shell out more than $2 bn for Sahara’s hotels” Extract: “Ironically, the Sultan’s Beverly Hills Hotel and […]

Roundup of Royal Dutch Shell News 16 August 2014

SHELL’S USA FIRE SALE The New York Times reports that the Blackstone Group, a private equity company, is paying Royal Dutch Shell $1.2 billion for a stake comprising more than 107,000 net acres in Louisiana. MORE A related article by BusinessReport.com features a quote from Marvin Odum, president of Royal Dutch Shell’s U.S. division, Shell […]

Royal Dutch Shell Plc .com News Round-up 12 August 2014

A frosty reception for Shell sponsorship; Oil and Gas company debt soars to danger level; Shell a gigantic flea By John Donovan UK The Telegraph City Diary column has commented on Shell’s embarrassment at arts sponsorship monies being returned to the  company in Ireland. “First the Antarctic, now Ireland. The list of countries where Royal […]

Royal Dutch Shell News Roundup Monday 11 Aug 2014

Rejection in Australia, Oil Spill Fire in Nigeria, Fire sale in the USA, Asbestos lawsuit in the UK By John Donovan AUSTRALIA The Australian reports that a fortnight after Woodside Petroleum shareholders scuttled a $2.7 billion plan to remove Royal Dutch Shell from the company’s share register, Woodside has bought a 40% stake in a […]

Twister B.V. by name, Twister by nature?

By John Donovan Knowing from personal experience the track record of Royal Dutch Shell in stealing ideas, I must say that I am staggered by the audacity of Shell in trying to draw (trick?) inventors into entrusting the ruthless unprincipled oil giant with their brainchild.  The scheme (scam?) is run in various guises, including Shell […]

Royal Dutch Shell slashing North Sea jobs

By John Donovan 250 full time Shell employees and contractor staff in Aberdeen will be culled over the next year.  According to a Shell spokesperson: Shell is reorganising its operations to better serve the needs of its offshore facilities and to build a stronger long-term business in the North Sea. Following staff consultation, Shell expects […]

First oil produced from SNEPCO-operated Bonga North West deep-water project in Nigeria

VERBATIM FROM A SHELL PRESS RELEASE 6 AUGUST 2014 06 Aug 2014 Shell’s deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Ltd (SNEPCo) started oil production from the first well at the Bonga North West deep-water development off the Nigerian coast on Tuesday 5 August 2014, another milestone for the country’s energy industry. […]

Curious about the wording of Shell’s announcement of Bichsel’s departure..?

FROM A REGULAR CONTRIBUTOR  I’m curious about the wording of Shell’s announcement of Bichsel’s departure…. The announcement focusses almost entirely on Brekelmans, and simply says that Matthias Bichsel (right) is leaving after 34 years – hardly a glowing valedictory for the person who has been number two in Shell (worldwide) for the past few years. […]

Failure to clean Niger Delta oil pollution still devastating people’s health: Amnesty

Extracts from an Associated Press article by MARAM MAZEN published 3 August 2014 LAGOS, Nigeria – Little action has been taken to clean up pollution caused by oil production in Nigeria’s Niger Delta region, either by the government or Shell Oil, Amnesty International and other groups charged Monday. Oil production has contaminated the drinking water […]

Is This the Next Big Offshore Oil Frontier?

Extracts from a Motley Fool article by Arjun Sreekumar published 1 August 2014 Extracts Though the Arctic is believed to contain about a fifth of the world’s undiscovered hydrocarbon reserves, harvesting that oil and gas has proved excruciatingly difficult. In the Alaskan Arctic’s Chukchi Sea, for instance, Royal Dutch Shell’s drilling program has been plagued by […]