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More Shell News 27 June 2017

Shell Signs Agreement for Biofuel Technology: CISION: 27 June 2017

CALGARY, June 27, 2017 /CNW/ – Royal Dutch Shell plc, through its subsidiary Shell International Exploration and Production B.V. (“Shell”), and SBI BioEnergy Inc. have reached an agreement granting Shell exclusive development and licensing rights for SBI’s biofuel technology. Edmonton-based SBI has a patented process that can convert a wide range of waste oils, greases and sustainable vegetable oils into lower carbon drop-ins for diesel, jet fuel and gasoline.

Russia’s Pipeline Play Has Eastern Europe On Edge: OilPrice.com: 27 June 2017

If completed, the pipeline would give Russia more than fifty percent of the Germany gas market and potentially increase its share of markets throughout Central and Western Europe. The pipeline is set to be completed in 2019 and is supported by joint-funding from five European energy companies, including Royal Dutch/Shell, Uniper and ENGIE.

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Further Shell News Update 27 June 2017

Canada M&A Hits Decade-High as Foreign Owners Flee Oil Sands: Bloomberg: 27 June 2017

Mergers and acquisitions in Canada are set for the strongest start in a decade as foreigners sell their oil sands investments. ConocoPhillips and Royal Dutch Shell Plc are leading the exodus amid a bear market for crude.

Big Oil: Surviving at $40, Thriving at $60: Barron’s: 26 June 2017

The price of oil is rising today, but that hasn’t helped oil stocks like ExxonMobil (XOM), Chevron (CVX), Total (TOT), and Royal Dutch Shell (RDS.A), which remain little changed or under pressure. We expect companies to continue pulling on all operational and financial levers in order to adjust to the oil price reality…

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Shell News Update 27 June 2017

Shell CEO, board of directors visit Beaver County: The Times: 27 June 2017

The chief executive officer and a majority of the board of directors of Royal Dutch Shell were in Beaver County Monday to view the ethane cracker plant site, but also to talk to local leaders about their experiences with the $6 billion project.

Shell in clean energy race: The Business Times: 27 June 017

ROYAL Dutch Shell aims to be a leader in clean energy and sees an opportunity in using its global presence and established brand to scale up the new energies business quickly as and when. The second largest-publicly traded oil company in the world also plans on establishing itself across the full value chain of renewables and alternative energies as it has done for oil, said a senior executive in the firm.

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Shell News Update 26 June 2017

Hackers Hit 75% of Drillers as Sketchy Monitoring Is Blamed: Bloomberg: 26 June 2017

Three out of four oil and natural gas companies fell victim to at least one cyber attack last year as hacking efforts against the industry become more frequent and sophisticated. That’s the finding from a report released Monday by industry consultant Deloitte LLP. Technology advances, such as Royal Dutch Shell Plc’s recent control of operations in Argentina from an operating center in Canada, offer new openings for hackers, the authors wrote.

China pumps cash into African floating LNG projects in strategic push: Reuters: 26 June 2017

The $12.6 billion Prelude project, which is due to start operating off Australia in 2018, is typical of those conceived during the era of high energy prices.

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Shell two-faced on ethical trading

While pretending to be at the forefront of ethical trading, trumpeting claimed business principles, including honesty, integrity, and transparency, Shell was responsible for a grubby spying and intelligence gathering campaign targeting Anita Roddick and her company.  

By John Donovan

Yesterday, The Sunday Times contained an eight page independent feature – FUTURE OF RETAIL. The first page focussed on ethical trading under the headline: “Ethical commerce is in demand and on the rise” with a sub-headline: “Business should be ethical to do the right thing and not just because it may make money”. Authored by Ian Burrell, the article commences and concludes with paragraphs devoted to the famed ethical entrepreneur Dame Anita Roddick, the founder of The Body Shop.

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Dutch Quakes Rattle Exxon, Shell — WSJ

Big gas field is causing tremors, exposing energy firms to criminal probe and rising bills

By Sarah Kent Dow Jones Newswires

GRONINGEN, The Netherlands — For decades, the giant Groningen gas field beneath the flat, green farmland in the north of this country counted among the greatest prizes for Exxon Mobil Corp. and Royal Dutch Shell PLC. Then the earthquakes started.

Shell and Exxon are pushing back through their joint venture, Nederlandse Aardolie Maatschappij BV or NAM.

NAM said it is considering formally contesting the government’s decision. It also expressed surprise at the Dutch court order to the prosecutor to open a criminal investigation this year…

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300 temblors since 1991 at the Groningen gas field.

Quakes Giving Dutch Province ‘A Makeover We Don’t Want’

By Sarah Kent Dow Jones Newswires

GRONINGEN, The Netherlands — Irma de Joode was talking on the phone with her brother when she heard what sounded like rolls of thunder and felt her entire house jump beneath her feet. The Aug. 16, 2012, earthquake was the biggest ever to rock the flat, green plains of this northern Dutch province. The source was Europe’s biggest natural gas field. The earthquake was one of more than 300 temblors since 1991 that Royal Dutch Shell PLC, Exxon Mobil Corp. and the Dutch government acknowledge were caused by their activities at the Groningen gas field.

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Abandon ship in a world of sub-$50 oil?

By   Saturday 

At the end of last year, when it looked as if OPEC was making a concerted effort to rein-in oil market oversupply, shares in Royal Dutch Shell(LSE: RDSB) charged to a 52-week high of just under 2,400p. Unfortunately, this rally didn’t last long. By the end of the first quarter, the shares had fallen by nearly 10% and have continued to slide as worries about a new oil glut have continued to grow. The falling oil price has reignited the argument about the sustainability of Shell’s dividend payout. FULL ARTICLE

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Shell News Update 23 June 2017

Ben van Beurden bows to Putin at an earlier meeting (On 18 April 2014) See article below – Shell firmly integrated in Russia…

Shell’s $1 Billion New Zealand Sale Said to Draw OMV, Vermilion: Bloomberg: 23 June 2017

Royal Dutch Shell Plc’s sale of its remaining New Zealand energy assets has drawn interest from companies including OMV AG and Vermilion Energy Inc., people with knowledge of the matter said.

Shell ‘shells out’ $75 a foot for pipeline easements: 23 June 2017

Court records suggest that Shell’s latest pipeline easement agreements in Pennsylvania will cost $75 a foot to carry ethane to its new ethane cracker facility.

Shell Company Firmly Integrated in Russian Economy, PM Medvedev Says: Sputnik: 22 June 2017

Earlier in the day, Russian President Vladimir Putin held a meeting with Royal Dutch Shell CEO Ben van Beurden to discuss the plans regarding the company’s future work in Russia, including the construction and financing of the Nord Stream 2 gas pipeline project.

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Shell News Update 22 June 2017

India’s LNG-led gas market may grow over 6 times by 2030: Royal Dutch Shell: Business Standard: 22 June 2017

Global oil major says that India may see at least six times growth in by 2030 from the current levels. It adds that liquefied natural gas (LNG) may be the largest contributor to it.

Brains behind Shell’s iconic Brent bid final farewell: EnergyVoice.com: 22 June 2017

Shell gave some of its former employees the chance to bid farewell to the platform, which generated more than £35billion over its four decades.

Oil Majors Snatch Up Mexican Oil Blocks: OilPrice.com: 21 June 2017

Other top-tier oil companies won blocks as well – Russia’s Lukoil took one, and Total SA and Royal Dutch Shell joined hands to win another. It marked Shell’s first upstream entry into Mexico.

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Shell News Update 21 June 2017

Oil firms could waste trillions if climate targets reached: report: Reuters: 20 June 2017

Oil giants including Exxon Mobil and Royal Dutch Shell risk spending more than a third of their budgets by 2025 on oil and gas projects that will not be feasible if international climate targets are to be met, a thinktank says.

Global oil price falls to nine-month low as oversupply fears mount: The Independent: 21 June 2017

A number of producers – notably Iraq, Saudi Arabia and Russia – have aggressively ramped up output…

Norway opens up record 93 blocks for Arctic oil exploration: Financial Times: 21 June 2017

Norway has infuriated environmental groups by opening up a record number of blocks in the Arctic for oil exploration. Environmental groups, emboldened by their success ending Royal Dutch Shell’s drilling off Alaska, are stepping up protests against Oslo.

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Shell News Update 20 June 2017

Collapsing oil prices could fall into the $30s before the selling stops, analysts say: CNBC: 20 June 2017

Oil prices could slide back into the $30s per barrel before the sell-off ends and prices stabilize, analysts said, bringing pain to both OPEC and its archrival — the U.S. shale industry.

Exxon, BP and Shell back carbon tax proposal to curb emissions: The Guardian: 20 June 2017

In a full-page newspaper ad on Tuesday, the companies called for a “consensus climate solution that bridges partisan divides, strengthens our economy and protects our shared environment”. Exxon and the others were listed as founding members of the plan…

Shell Nigeria considering investment in gas project in Niger Delta: Reuters: 20 June 2017

Osagie Okunbor, managing director of Shell Petroleum Development Company of Nigeria (SPDC), said the project under consideration would have a capacity of 300 million cubic feet and would be located in the city of Asa.

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