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Posts under ‘Oil’

Obama defends Shell Arctic drilling decision

By AFP 29 August 2015 Two days before heading to Alaska to raise climate change awareness, US President Barack Obama on Saturday defended his controversial decision to allow Shell to drill in the Arctic’s Chukchi Sea. The Obama administration’s green light for the Anglo-Dutch oil giant angered environmental groups which have decried the “hypocrisy” of […]

Why Royal Dutch Shell plc Is Facing Resistance In Canada

By: MICHEAL KAUFMAN: Aug 28, 2015  Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) drilling in Canada will be coming in for resistance, as reported by the Guardian. The drilling plan in Nova Scotia’s southern shore has been approved by the country’s Environment Minister and is under the Canada-Nova Scotia Offshore Petroleum Board’s review. The Canadian Environment Ministry […]

Royal Dutch Shell Is Now A 7.54% Dividend Yield Monster

Aug. 24, 2015 6:45 PM ET Summary Stock market downturn takes Shell’s dividend yield to an astonishing 7.54%. The dividend looks reasonably safe. High initial yield but little growth expected in coming years. Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) doesn’t need an introduction. This Anglo-Dutch multinational is one of the largest, integrated oil & gas majors […]

Opec powerless to halt oil price slide, warns former group president

Opec veteran says that current oil prices slump has exceeded the worst expectations of the group By Andrew Critchlow, Commodities editor: 24 Aug 2015 Opec is powerless to arrest the slide in oil prices unless producers outside the group such as Russia match any cuts in output, according to a former president of the group. ‘Black […]

INTERVIEW-Shell eyes Iran, to pay debt when sanctions end

TEHRAN | BY GUY FAULCONBRIDGE: Mon Aug, 2015 Aug 24 Royal Dutch Shell will repay a $2 billion debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted and will consider investing in the country’s vast energy sector, Shell’s boss for new business said. Much would depend on the terms offered […]

‘Both sides are unhappy': Obama’s Arctic drilling green light heightens tensions

State Department official says administration’s stance on oil drilling program continues to spur criticism as Hillary Clinton joins list of opponents Oliver Milman in Washington: Friday 21 August 2015 A senior official at the State Department has admitted there is an “obvious tension” between the US’s commitment to combat climate change and its approval of Shell’s […]

Shell denies greasing ANC palms

By Tony Carnie: 20 August 2015 Durban – Oil giant Shell has denied suggestions that it exercises “improper influence” over government officials or makes financial payments to the ANC to pave the way for shale gas fracking. The company’s local subsidiary, Shell South Africa, was responding on Wednesday to fears raised by local anti-fracking groups […]

Oil Companies Sit on Hands at Auction for Leases

By CLIFFORD KRAUSS: AUG. 20, 2015 PAGE B1 IN NEW YORK EDITION HOUSTON — With oil prices collapsing and companies in retrenchment, a federal auction in the Gulf of Mexico on Wednesday attracted the lowest interest from producers since 1986. It was the clearest sign yet that the fortunes of oil companies are skidding so fast […]

Shell shares slump as it gets green light for Arctic drilling

TOM BAWDEN: THE INDEPENDENT: Tuesday 18 August 2015 Shell’s shares slumped today after the US government finally gave it the green light to drill for oil and gas in the Arctic Ocean. The FTSE 100 oil giant will be able to explore the ocean floor for hydrocarbons for the first time since 2012, when a series […]

SHELL und DEUTSCHLAND (SHELL AND GERMANY)

English translation below of the text shown on the centre section of the above German road map published by Shell in Nazi Germany after Hitler came to power in January 1933. Shell boasted about its contribution to the German economy stretching back to 1924. We assume the map provided directions to the Polish border. In […]

Shell gets final nod to drill in Arctic Ocean

By Seattle Times staff Seattle Times news services WASHINGTON — The federal government Monday gave Shell the final permit it needs to drill for oil in the Arctic Ocean off Alaska’s northwest coast for the first time in more than two decades. President Obama is ending restrictions on Shell’s drilling in the Arctic Ocean — […]

Brazil regulator tells Shell, partners to develop two oilfields as one

RIO DE JANEIRO | BY MARTA NOGUEIRA: 18 Aug 2015 Brazil’s National Petroleum Agency (ANP) ruled that Royal Dutch Shell (RDSa.L) and its Qatari and Indian partners need to treat oil and gas fields in the Parque das Conchas area as a single deposit, Shell said, a move that could increase taxes on output. Shell […]

Shell Returns to Swiss Bond Market With Increased Debt Offering

AUG 17, 2015 – 17:00 (Bloomberg) — Royal Dutch Shell Plc sold bonds in the Swiss currency for the first time since 2006, increasing the offer to more than 1.3 billion francs ($1.3 billion) on strong demand. The oil giant issued 800 million francs of notes due in August 2023 and 525 million francs of […]

How Chevron, Exxon and Shell Will Be Impacted By Australian Tax Legislation

By: MICHEAL KAUFMAN: Aug 17, 2015 In the past, Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM) and Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) have managed to charge high interest rates from their Australian subsidiaries for the funding of their $54 billion Gorgon project. The high interest payments allowed the oil majors to enjoy massive tax-free […]

Arctic drilling not consistent with Obama climate change fight, report says

Arctic drilling not consistent with Obama climate change fight, report says By: Carl Surran, SA News Editor The Obama administration’s crusade against climate change is “inconsistent” with allowing Royal Dutch Shell (RDS.A, RDS.B) to drilling for oil in the Arctic Ocean, environmentalists warn in a new report. Pres. Obama has said he will consider climate […]

Can The Shell Rig Come Back? Examiner Reconsiders City Decision

By CAROLYN ADOLPH: 13 August 2015 Shell’s Polar Pioneer, briefly a resident at the Port of Seattle’s Terminal 5,  is drilling for oil in the Chukchi Sea. The question is whether the rig can return to Seattle this fall — and whether it can stay the winter.  The Port of Seattle and Foss Maritime Co. are […]

Shell Seeks Modified Permit for Arctic Offshore Drilling

ANCHORAGE, Alaska — Aug 10, 2015: By DAN JOLING Associated Press Royal Dutch Shell PLC has applied to amend its federal permit to allow drilling into oil-bearing rock in the Arctic Ocean off Alaska’s northwest coast. Shell last month received permission to begin some drilling in the Chukchi (chuk-CHEE’) Sea but was banned from digging into […]

U.S. sanctions put Gazprom-Shell alliance plans in jeopardy

MOSCOW | BY DENIS PINCHUK AND KATYA GOLUBKOVA: Mon 10 August 2015 Royal Dutch Shell’s (RDSa.L) plans to build a strategic alliance with Russia’s Gazprom (GAZP.MM) could be in jeopardy after the United States added one of Gazprom’s biggest gas fields to its list of Russian sanctions on Friday. Shell and Gazprom signed an agreement […]

Nigerian government finally sets up fund to clean up Ogoniland oil spills

John Vidal: Friday 7 August 2015  The long-delayed $1bn clean-up of heavily oil-contaminated Ogoniland in the Niger delta has moved closer with Nigerian president Muhammadu Buhari setting up a restoration fund four years after a damning UN report advised the government and oil industry to act urgently. But a spokesman for Shell, which discovered oil in […]

Shell eyes new Brazilian assets ahead of BG deal

Commodities | Fri Aug 7, 2015  * Shell earmarks up to $5 bln for further acquisitions * Oil majors to focus on Brazil‘s oil, LNG after BG deal * Shell to sell $30 bln in assets by 2018 By Ron Bousso LONDON, Aug 7 (Reuters) – Royal Dutch Shell is considering investing billions in Brazil, […]

Shell and Esso offload North Sea fields

Greig Cameron / Thursday 6 August 2015 SHELL and Esso have agreed to sell stakes in a cluster of North Sea fields for $105 million. Malaysian firms Ping Petroleum and Hibiscus Petroleum are each taking 50 per cent of the oil producing Anasuria assets, located around 175 kilometres east of Aberdeen. That includes the Guillemot […]

Nigeria: Shell must match government’s commitment to clean oil spills – Amnesty International

By Press Release: August 6, 2015 Shell must match the Nigerian government’s new commitment to tackle oil pollution in the Niger Delta by dramatically improving how it cleans up spills, Amnesty International said today. President Muhammadu Buhari’s announcement on Wednesday of a trust fund to pay for the clean-up of the Ogoniland region in the Niger […]

Why Native Alaskans Support Shell’s Arctic Drilling

by Paul Barrett: August 6, 2015: BLOOMBERG.COM Activists trying to stop Shell’s offshore oil drilling in the U.S.’s Arctic Ocean region invoke the interests of native Alaskans. “These communities depend on this environment for food and resources and have stewarded it for centuries,” Greenpeace says, as part of its “The People vs. Shell” campaign—what the group […]

Ottawa rules one-day response to possible offshore spill too expensive

HALIFAX – The federal government says it is agreeing to an offshore drilling plan that allows up to 21 days to bring in capping technology for a subsea well blowout because requiring a shorter response time would be too expensive for Shell Canada Ltd. Nova Scotia environmentalists are questioning why the federal environmental protection agency […]

‘It’s just too big a prize': Why Shell sticks to Chukchi plans, despite obstacles

Alaska Dispatch News: August 5, 2015 Despite tumbling oil prices, rising costs, legal woes, heated political opposition and a series of missteps and misadventures, Royal Dutch Shell is pushing forward with its plan to drill for oil in the offshore regions of Alaska’s remote Chukchi Sea. Why? In a wide-ranging narrative, Bloomberg Business details the company’s struggles in […]

Shell given OK to take 21 days to cap a deep well oil blowout off N.S. coast

By Zachary Markan, CBC News Posted: Aug 05, 2015 Federal Environment Minister Leona Aglukkaq has signed off on Shell Canada’s plan for dealing with a potential deep-well blowout on the Shelburne Basin. Under its Well Containment Plan, Shell says it can have a primary capping stack in place within 12 to 21 days after a blowout. […]

Ross Hunter – a curious choice to count the beans at Royal Dutch Shell Plc?

Strange article in the Prufrock column of The Sunday Times published 2nd August 2015 KEEPING the books for a £200bn behemoth is an endlessly taxing task. Just ask Simon Henry, Royal Dutch Spell’s finance director, who last week unveiled a plunge in profits of almost 40%. Thankfully, he can call on exemplary advice to help keep track of […]

Inside Shell’s Extreme Plan to Drill for Oil in the Arctic

by Paul Barrett and Benjamin Elgin: 5 August 2015: BLOOMBERG.COM Protesters near the Polar Pioneer.: Photographer: Keri Coles/Greenpeace In a windowless conference room in Anchorage, a dozen Royal Dutch Shell employees report on the highest-profile oil project in the multinational’s vast global portfolio. Warmed by mid-July temperatures, Arctic ice in the Chukchi Sea, northwest of the Alaskan mainland, […]

Russia Stakes New Claim to Expanse in the Arctic

By ANDREW E. KRAMER AUG. 4, 2015 MOSCOW — Russia formally staked a claim on Tuesday to a vast area of the Arctic Ocean, including the North Pole. If the United Nations committee that arbitrates sea boundaries accepts Russia’s claim, the waters will be subject to Moscow’s oversight on economic matters, including fishing and oil and […]

August Off To A Shaky Start For Oil Markets

By Evan Kelly: Tue, 04 August 2015 August started off on a dour note for crude oil, with prices tanking by around 5 percent on August 3. A slew of negative news from around the world weighed on prices. The Greek stock market plummeted on the first day of trading after being closed for five weeks. […]

Crisis In The Arctic

Brigham A. McCown: CONTRIBUTOR: 3 August 2015 Last week, Greenpeace activists succeeded in temporarily halting Shell’s icebreaker, MSV Fennica, from starting its voyage out of Portland, Oregon. The vessel was to join the rest of the fleet on its way to the Artic to begin oil exploration. In defiance of a federal court injunction to halt […]

Shell to Strengthen Russian Hand Through Gazprom Asset Swap

by Rakteem Katakey: August 3, 2015: BLOOMBERG.COM Royal Dutch Shell Plc will swap a stake in one of its international energy assets for part of Gazprom PJSC’s Sakhalin-3 project as Europe’s biggest oil company extends ties with Russia. The companies are discussing which asset would be offered to Gazprom, Shell Chief Executive Officer Ben Van Beurden […]

Shell to dispose of its downstream assets and business completely?

A report in The Times today describes the plans for Shell Centre development: London waterfront to take on new look with Italian backing On the face of it it raises the question as to why, given the movement of the centre of gravity in Royal Dutch Shell to The Netherlands, RDS would want to hold […]

BG Group Profits Crash By 65%

By LAURA CHESTERS FOR DAILY MAIL The oil price rout found new victims on both sides of the Atlantic yesterday as BG Group and Chevron revealed profits had tanked. BG, which is in the process of being sold to Royal Dutch Shell, reported a 65 per cent fall in second quarter profit to £275.5million, while […]

Dedicated to exposing Shell’s dark side

GRAPHIC KINDLY SUPPLIED BY SHELL IRISH POLICE CORRUPTION WHISTLEBLOWER, OSSL (COPS WERE GIVEN OVER €30,000 WORTH OF FREE ALCOHOL ON SHELL’S ORDERS – AS WAS RECENTLY TESTIFIED UNDER OATH BY TWO OSSL DIRECTORS IN OPEN COURT) Corporate Social Responsibility in the Digital Age: v.7 (Developments in Corporate Governance and Responsibility) By Ana Adi, Georgiana Grigore, […]

Waitrose and Shell in talks to expand convenience store partnership despite Greenpeace anger

Waitrose currently has 15 stores in Shell stations. (Neil Hall/Reuters) By Ravender Sembhy: July 31, 2015 Supermarket Waitrose is in talks to open more stores in petrol stations belonging to oil and gas major Shell, despite protestations from Greenpeace. There are currently 15 Little Waitrose shops located on Shell forecourts, but Greenpeace has argued that […]

Shell resumes offshore drilling in Arctic

Oil giant Shell has resumed offshore drilling off the coast of Alaska following a two-day delay by Greenpeace activists. The move marks the first time Shell has conducted exploratory drilling in the Arctic since 2012. Date 01.08.2015 Royal Dutch Shell PLC announced on Friday that drilling operations had resumed in the Chukchi Sea off the […]

Shell resumes drilling in Alaska’s Arctic waters for first time since 2012

Yereth RosenAlaska Dispatch News: July 31, 2015 Royal Dutch Shell began drilling an exploratory well in Alaska’s offshore waters Thursday afternoon, a spokeswoman for the company said. At about 5 p.m. Alaska time, the Transocean Polar Pioneer began drilling at the Anglo-Dutch oil company’s Burger prospect in the Chukchi Sea, according to Anchorage-based spokeswoman Megan Baldino. The move came on […]

Portland’s bridge-hangers and ‘kayaktivists’ claim win in Shell protest

In two of the most daring days in the modern environmental movement, Greenpeace activists set social media ablaze and, despite the Fennica’s moving on toward the Arctic, hailed the action as a ‘historic achievement FULL ARTICLE

Shell, Eni say look to return to Iran

Fri Jul 31, 2015 Royal Dutch Shell and Italy’s largest oil producer Eni say they are looking to return to projects in Iran’s upstream oil and gas sectors.  “For us, (Iran) is a huge gas province so it would be good to be there — in conventional gas — at the right terms,” Shell’s financial […]