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Posts under ‘Royal Dutch Shell Plc’

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 […]

FLNG Prelude: A New Dawn in the Age of Maritime & Energy

Extracts from a highly informative MarineLink.com article by Patricia Keefe about the pioneering Shell FLNG Prelude project Aptly named Prelude, at 488 meters long, 74 meters wide, and clocking in at 600,000 tonnes when fully ballasted, the FLNG facility, which is under construction at the Samsung Heavy Industries shipyard in South Korea, will be the […]

BP: Russian sanctions could hurt us

Extract from a Guardian Business Blog article by Graeme Wearden published 29 July 2014 Oil giant BP has warned the City this morning that it could suffer if fresh sanctions are imposed on Russia. In its latest results, BP cautioned that it would suffer an “”adverse impact” if Western powers hit Moscow with fresh economic […]

Project Delays Will Cost These Oil Majors Billions

Extracts from a Motley Fool article by Rupert Hargreaves published 28 July 2014 In total, Kashagan is now expect to cost a total of $136 billion, more than 140% above initial estimates. Production has been consistently delayed; the most recent delay, which occurred at the end of last year, concerns the project’s pipelines. At present, […]

Oil prospectors shifting focus back to wealthy, more predictable countries

Extracts from a Seeking Alpha article published 28 July 2014 Companies including Shell, Chevron and Exxon are diverting more and more funds to the world’s richest economies, as they grow tired of the risks of working in violent and corrupt places for the reward of finding oil and gas reserves that can be profitably exploited… The […]

ROYAL DUTCH SHELL PLC AND RUSSIA: BUSINESS AS USUAL

By John Donovan Shell CEO Ben van Beurden was straightforward in what he publicly stated at the 2014 AGM of Royal Dutch Shell Plc. He said that Shell puts the interests of its shareholders first, above any geopolitical considerations. That is his excuse for Shell’s dealings with evil regimes in Iran and Russia, irrespective of […]

Oil majors BP and Shell may be ready for more mergers

Some of Shell’s big shareholders are said to be frustrated by the company’s continued spending on expensive far-flung projects that fail to yield healthy returns. Alongside its profit warning at the start of this year, Shell announced that it was halting a controversial exploration programme off the coast of Alaska because the costs had far outweighed […]

Shell vs. Bodo Community: British Court To Hear Evidence In Nigeria

Extracts from an article by Tunde Oyedoyin published by The Guardian Nigeria on Friday 25 July 2014 A BRITISH court will temporarily sit in Nigeria next year in a bid to determine how much compensation Shell Nigeria should pay to the fishermen of the Bodo community, who were affected by the two massive oil spills that […]

Offshore oil plan could be ‘game over’ for climate

Extract from an article by Professor Richard Steiner published 25 July 2014 by The Arctic Sounder Already suffering extreme effects of climate change, drilling in the Arctic Ocean would make matters worse by adding significant industrial disturbance, including platforms, pipelines, tankers, ports, ship and air traffic, underwater noise, suspended sediment, and of course oil spills […]

Shell Leaves Business Strategy for Russia Unchanged Despite Sanctions

British oil giant is determined to continue its work in Russia and will not change its business strategy in the country, despite the sanctions imposed against Moscow by the United States and European Union, representative of Shell’s press service told RIA Novosti on Friday. MOSCOW, July 25 (RIA Novosti) – British oil giant is determined […]

Shell Oil Co. Removes Toluene Bladder Cancer Lawsuit to Florida Federal Court

Extracts from an article posted by Harris Martin Publishing on 25 July 2014 July 25, 2014 ORLANDO, Fla. –– Shell Oil Co. has removed a toluene exposure lawsuit to a Florida federal court, noting that while it is a Delaware corporation with a principal place of business in Texas, the plaintiff resides in Florida. Shell […]