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Posts under ‘Reuters’

Evil repercussions of Kiobel v. Royal Dutch Petroleum U.S. Supreme Court Decision

Plaintiff Esther Kiobel (L) joins a protest against Royal Dutch Shell Petroleum in front of the U.S. Supreme Court in Washington October 1, 2012. REUTERS/Gary Cameron By John Donovan Yesterday, Reuters published an article about the legal repercussions in the USA from the landmark decision in 2013 by the U.S. Supreme Court in the famed Kiobel v. […]

Worst Shell oil spill into Niger Delta for years

COMMENT RECEIVED ON THIS REUTERS ARTICLE FROM A REGULAR CONTRIBUTOR: Shell says the leak was the result of attempted theft…and the leak occurred seven or eight miles from the shore? I guess the oil thieves are now using submarines….. Reuters report December 03, 2014 Thousands of Barrels of Shell Oil Spill Into Niger Delta BONNY […]

Shell bid for BP?

By John Donovan Since May, we have posted a number of articles suggesting that a Shell bid for BP is in the pipeline. Shell BP Mega-Merger?: 29 May 2014 It is therefore interesting to note that Reuters has today published speculation on the same subject under the headline: BP shares rise, traders cite talk of […]

Oil company shares slumped

OPEC’s decision on Thursday not to cut production in order to prop up oil prices sent markets reeling. Oil company shares slumped, wiping billions off firms’ market value… As they come to terms with the new oil regime, companies will cut spending by up to 10 percent in 2015… and delay new project approvals. LONDON, […]

Falling oil prices hit Africa more than Ebola

By Ed Cropley JOHANNESBURG, Nov 27 (Reuters) – Plunging world oil prices have dealt a blow to Africa far greater – in purely economic terms – than Ebola, setting back investment in exploration and plans to industrialise. The highest profile victim so far has been Africa’s top producer, Nigeria, which was forced to devalue its […]

Royal Dutch Shell Retreat from Nigeria

The FT states: “Shell’s phlegmatic chief executive Ben van Beurden will need to hold his nose when he takes the money…” and in a related article, describes Shell’s actions as a “retreat from the Niger Delta” (triggered in part by militancy, violence and bunkering). By John Donovan The global firesale of Shell assets continues with […]

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 […]

Shell says its underperforming European refineries to get no mercy

Extract from Reuters article published Thursday 31 July 2014 (Reuters) – Anglo Dutch oil company Royal Dutch Shell will show no mercy to underperforming oil refineries in Europe as it seeks to improve returns, its chief executive said on Thursday. FULL ARTICLE

BP, Shell, Morgan Stanley seek end of oil price-fixing lawsuit

Extracts from a Reuters article by Jonathan Stempel published Tuesday 29 July 2014 (Reuters) – BP Plc, Royal Dutch Shell Plc, Morgan Stanley and other companies urged a U.S. judge to dismiss nationwide litigation claiming they conspired for 12 years to fix prices of Brent crude oil, a benchmark for the cost of gasoline and […]

Europe’s ‘ghost town’ refineries spook oil company results

Extracts from a Reuters article by Christopher Johnson published Wednesday 23 July 2014 LONDON, July 23 (Reuters) – Europe is coming under increasing pressure to close oil refineries as chronic over-capacity hits processing margins, dragging down group profits and hitting share prices. Poland’s PKN Orlen and Czech processor Unipetrol both announced unexpected large losses on […]

South African anti-fracking group threatens legal challenge

Extract from a Reuters article by Ed Cropley published 22 July 2014 under the headline: “UPDATE 1-S.African anti-fracking group threatens legal challenge” JOHANNESBURG, July 22 (Reuters) – A South African anti-fracking group threatened a legal challenge on Tuesday to government plans to grant shale gas exploration licences in the pristine semi-desert of the Karoo, saying […]