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Posts under ‘Reuters’

John Donovan 2017, still Shell’s nightmare

John Donovan in 2009. On its website, this former adman has posted more than 25,000 items on oil giant Shell. Reuters

My website royaldutchshellplc.com has been described by the FT as an open wound for Shell. That remains the case five years after the article extracts featured above and below. We still publish and feed to the mainstream media information leaked to us by Shell insiders. Most recently, an 88 page consultative document containing nothing less than Shell’s Global Transformation plans. We also regularly publish legal documents involving Shell that would otherwise be hidden was from preying eyes behind a paywall. read more

Australia’s $180 bln LNG megaproject boom enters final stretch

By Sonali Paul

MELBOURNE, Aug 14 (Reuters) – The last massive component of Australia’s $180 billion liquefied natural gas construction boom arrived on Monday, stepping up a race between Anglo-Dutch giant Shell and Japan’s Inpex to start chilling gas for export in 2018. Company reputations are at stake, as well as first access to overlapping gas fields and Australia leapfrogging Qatar as the world’s largest exporter of LNG. Royal Dutch Shell’s $12.6 billion Prelude project – the world’s largest floating LNG (FLNG) facility – is also behind schedule. FULL ARTICLE read more

Protesters storm Shell crude flow station in Niger Delta

The protesters complained they were not benefiting from oil production in their area, a common refrain in the impoverished swampland that produces most of Nigeria’s oil. They also demanded an end to oil pollution in the area.

Soldiers and security guards did not disperse the crowd as it entered the Belema Flow Station in Rivers State, which feeds oil into Shell’s Bonny export terminal.

But the army sent reinforcements after protesters said they would stay at the facility for two weeks.

“I am a graduate for about eight years without a job,” said Anthony Bouye, one of the protest leaders. “Shell won’t employ me despite us having so much wealth in our backyard.” read more

FINAL EXTRACT FROM SHELL’S LEAKED TRANSFORMATION PLANS

By John Donovan

Published below is the final multi-page segment from Shell’s leaked internal document mentioned in a Reuters/New York Times article published last week: Shell Plans 400 Job Cuts at Dutch Projects and Technology Department. The plans are much greater in scope than suggested by the headline. Their implementation will result in a managerial jobs upheaval and significant job cuts as a consequence of the acquisition of BG Group and the decline in oil prices. Once again, I have left in the page numbers, which appear at the foot of each page and sometimes interrupt paragraphs. The formatting is not 100% accurate but the content is correct. read more

Retired Shell official accuses company of ‘more leaks than the White House’

Bill Campbell, retired HSE GROUP AUDITOR, Shell International, comments on Paddy Briggs damning conclusion about Shell FAT CATS

The Lonely Elephant

Prelude may or may not turn out to be a white elephant but certainly from the leaked transformation documents it would appear it will be in any case a lonely elephant. 20 some years in gestation it appears that mega FLNG projects are out. As for the fat cats Paddy if Shell continues to leak (Pernis et al), more leaks than the White House, the fat cats may not be around. Are they taking their eye of the ball – who is running the business, with all this transformation stuff and reported loss of common sense and experience I read about on this website from current employees, it makes you think. read more

Leaked Shell Transformation Plans: Part 4


By John Donovan

Published below is a further multi-page segment from Shell’s leaked internal document mentioned in a Reuters/New York Times article published on Monday: Shell Plans 400 Job Cuts at Dutch Projects and Technology Department. The plans are much greater in scope than suggested by the headline. Their implementation will result in a managerial jobs upheaval and significant job cuts as a consequence of the acquisition of BG Group and the decline in oil prices. This time I have left in the page numbers, which appear at the foot of each page and sometimes interrupt paragraphs. read more

Alarm Bells: Shell Hydrocarbons continue getting out the box

ALARMING COMMENT POSTED BY RETIRED SHELL INTERNATIONAL HSE GROUP AUDITOR, BILL CAMPBELL

Hydrocarbons continue getting out the box

With a Fire breakout at Pernis and a leak at Singapore refinery, both incidents over the last few days, it seems loss of containment is a continuing serious issue both onshore as well as offshore.

Much has been written about FLNG suggesting Prelude for example simply just cannot afford leaks and fires because of the potential consequences – but can they be totally avoided, can they?

Can any offshore installation meet a zero tolerance standard for leaks? read more

Shell plans 400 job cuts at Dutch projects and technology department

Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to lower oil prices, according to an internal document seen by Reuters.

The world’s second-largest oil company by market capitalization said in a statement responding to questions from Reuters that “approximately 400 (staff) are potentially at risk of redundancy during the last quarter of 2017/first half of 2018”. read more

Shell contains leak at Singapore refining-petrochemical site – spokeswoman

REUTERS Staff: JULY 31, 2017

SINGAPORE (Reuters) – Royal Dutch Shell (RDSa.L) has contained a leak at its Pulau Bukom refining and petrochemical complex in Singapore, and operations have not been affected, a company spokeswoman said on Monday. The small leak occurred on Friday, the spokeswoman said, without revealing further details on the affected unit. The Bukom site, Shell’s largest wholly-owned plant, has a 500,000 barrels per day (bpd) refinery and a steam cracker that produces more than 900,000 tonnes of ethylene a year. FULL ARTICLE read more

Shell Plans 400 Job Cuts at Dutch Projects and Technology Department

“There will be fewer one-of-a-kind highly complex mega-projects and proportionately more simple to medium complex projects… This heralds a more ‘commoditised’ world for project delivery,” said the document, which was given to royaldutchshellplc.com, an independent website used by Shell staff, and seen by Reuters. FULL ARTICLE

Shell plans 400 job cuts at Dutch projects and technology department

By Tom Bergin

LONDON, July 31 (Reuters) – Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to lower oil prices, according to an internal document seen by Reuters. The world’s second-largest oil company by market capitalisation said in a statement responding to questions from Reuters that “approximately 400 (staff) are potentially at risk of redundancy during the last quarter of 2017/first half of 2018”. That represents around a quarter of the roles at the department, according to the staff consultation document seen by Reuters. The group employs 92,000 worldwide. “Shell is transforming into a simpler company,” a spokesman said, adding the final number of job cuts would be subject to consultation with employees. He declined to answer detailed questions about the consultation document. FULL ARTICLE read more

RON BOUSSO: JULY 30, 2017 / 8:45 PM 

LONDON (Reuters) – Royal Dutch Shell suspended loadings of oil products from its Pernis refinery in the Netherlands following a fire at the plant, the company said in a statement to traders on Sunday. Shell shut down most of its production at Pernis, Europe’s largest refinery, after the fire at the 404,000 barrels per day plant late on Saturday caused a power outage. The outage at the Rotterdam plant was likely to boost prices of oil products such as diesel, jet fuel and gasoline in northwest Europe, where refinery profits have risen in recent weeks due to other refinery issues in the region. FULL ARTICLE read more

Shell Braces For ‘Lower Forever’ Oil As Profits Soar

by  Reuters: Ron Bousso & Karolin Schaps: Thursday, July 27, 2017

LONDON, July 27 (Reuters) – Royal Dutch Shell is gearing up for a world of “lower forever” oil prices, its Chief Executive Ben van Beurden said on Thursday, after the company’s profits tripled in the second quarter. The oil and gas industry has struggled with three years of weak prices while also facing the prospect of oil demand plateauing by the end of the next decade. But Europe’s largest energy company was able to boost its profits more than expected, increase cash flow to $12.2 billion and reduce debt thanks to asset sales and as big savings introduced since the oil price collapse kicked in. FULL ARTICLE read more

Shell to Shutter Convent Gasoline Unit in Early ’18-Sources

HOUSTON — Royal Dutch Shell Plc plans to begin permanently shuttering the gasoline-producing unit at its 227,586 barrel-per-day (bpd) Convent, Louisiana, refinery in January 2018, said sources familiar with the company’s plans on Thursday. Shell has rescheduled planned repairs on the heavy-oil hydrocracking unit from spring 2018 to summer of that year, the sources said. Decommissioning the FCCU is part of Shell’s plans to link the Convent refinery with the company’s 225,800 bpd refinery in Norco, Louisiana. Gas oil from the Convent refinery used to make gasoline will be sent to the Norco refinery. It will take a year to fully decommission the Convent FCCU. The initial work will run from January to March, according to the sources. FULL ARTICLE read more

Shell gets everything right except producing oil

Andy Critchlow: JULY 27, 2017

LONDON (Reuters Breakingviews) – Royal Dutch Shell is great at producing profit, but less so at producing oil. The Anglo-Dutch energy giant has more than tripled its earnings in the second quarter, helped by the strong performance of its downstream refining business and recovering prices. With its debt falling too, the company is doing the right things for shareholders – except in the crucial area of pumping more fuel.

At first glance, Shell’s financial performance suggests that three years in the doldrums for big oil majors may have come to an end. On Thursday, the company reported an impressive 245 percent year-on-year rebound in clean earnings to $3.6 billion for the three-month period ending in June. Prices, which recovered from a slump last January below $30 per barrel, have helped, but there is more to it. FULL ARTICLE read more

Shell sees oil demand peaking by late 2020s as electric car sales grow

The prospect of a decline in oil consumption after more than a century of growth as the world switches to burning cleaner fuels is gathering pace. On Wednesday Britain announced plans to ban diesel and gasoline vehicles by 2040, following a similar move by France. “I think they are very welcome announcements, they are also very needed announcements,” van Beurden told reporters after Europe’s biggest oil company reported a sharp rise in quarterly profits. Under the Anglo-Dutch company’s most aggressive scenario of battery-powered vehicles replacing traditional internal combustion engines, consumption of oil will peak in the early 2030s, he said. FULL ARTICLE read more

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