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Museums face ethics investigation over influence of sponsor BP

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Screen Shot 2016-04-20 at 13.50.03In May last year Shell was accused of putting pressure on the Science Museum to influence a climate change exhibition it was sponsoring. The charge was denied by the company and the museum but within six months the partnership had been scrapped.

The Museums Association is investigating claims that some of Britain’s most revered cultural institutions have broken its code of ethics in the way they dealt with one of their commercial sponsors, BP.

The move follows the release of internal documents seen by the Guardian that appear to show the British Museum, National Portrait Gallery and other institutions bending to accommodate the demands of the oil company.

In May last year Shell was accused of putting pressure on the Science Museum to influence a climate change exhibition it was sponsoring. The charge was denied by the company and the museum but within six months the partnership had been scrapped.

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Goodbye Marvin Odum

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Screen Shot 2016-02-24 at 17.16.30Marvin Odum, unconventional resources director and U.S. country chair for Royal Dutch Shell, left the company. He joined Shell as an engineer in 1982. Concurrent with his departure, and in a move that will simplify Shell’s structure, the Athabasca Oil Sands Project and the Scotford Upgrader in Canada will join the global Downstream organization under Downstream Director John Abbott.

In addition, the Shale Resources business will join the global Upstream organization under Upstream Director Andy Brown. As a result of these changes, the unconventional resources director position is eliminated.

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Gazprom and Shell address ongoing and future cooperation

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Screen Shot 2016-04-29 at 21.31.46Friday, Apr 29, 2016

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, Chief Executive Officer of Shell, took place in St. Petersburg today.

The parties addressed the prospects for collaboration between the companies under the Agreement of Strategic Cooperation. An emphasis was placed on a potential asset swap.

The meeting also reviewed the ongoing front-end engineering design (FEED) process for the third production train of the LNG plant within the Sakhalin II project.

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VW and Shell try to block EU push for electric cars

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Arthur NeslenThursday 28 April 2016 

VW and Shell have united to try to block Europe’s push for electric cars and more efficient cars, saying biofuels should be at heart of efforts to green the industry instead.

The EU is planning two new fuel efficiency targets for 2025 and 2030 to help meet promises made at the Paris climate summit last December.

But executives from the two industrial giants launched a study on Wednesday night proposing greater use of biofuels, CO2 car labelling, and the EU’s emissions trading system (ETS) instead.

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Shelter-in-place order for Corunna a ‘precaution’

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Screen Shot 2016-04-28 at 20.41.15Shell’s refinery at Corunna manufactures gasoline, solvents, chemicals and other products. The World Health Organization says human exposure to benzene has been associated with a range of acute and long-term adverse health effects and diseases, including cancer and aplastic anemia.

By Paul Morden, Sarnia Observer: Thursday, April 28, 2016

A phone call from a neighbour of Shell’s refinery in Corunna alerted the company to an incident that resulted in a shelter-in-place advisory being issued Wednesday evening for a section of the St. Clair Township community.

It also led to emergency sirens sounding in Sarnia, and the activating of a community network notification system that sent out thousands of messages to Sarnia-Lambton residents.

Shell spokesperson Kristina Zimmer said that at approximately 4 p.m. Wednesday, “ A resident that lives on Curran Avenue had smelled this abnormal odour, and had called the site to notify us.”

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Shell chairman joins new climate group involving NGOs

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Pilita Clark, Environment Correspondent: April 28, 2016

The chairman of Royal Dutch Shell, Charles Holliday, has joined executives from BHP Billiton and other big energy companies on a new body exploring whether some of the fossil fuels that businesses such as theirs produce should stay in the ground.

The chief executive of Germany’s RWE, Peter Terium, has also joined the Energy Transitions Commission, which was set up by certain energy companies, investors and non-governmental organisations…

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Shell To Hire 1,000 Professionals This Year At Bengaluru Centre

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by Ayushman Baruah: 28 April 2016

At a time when global oil prices are falling and the energy sector is going through macro-economic challenges, global oil & gas company Shell on Wednesday (27 April) announced the launch of its information technology (IT) centre in Bengaluru. The centre is expected to recruit close to 1,000 professionals by the end of 2016 and several thousand by 2020.

About 900 offers have already been made for the IT centre. Shell’s total headcount in India stands at 4,300 employees spread across its Projects & Technology and IT Centres based in Bengaluru, as well as their Business Operations Centre in Chennai.

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Samsung Heavy loses $4.6-billion FLNG order from Shell on oil drop

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Screen Shot 2016-04-20 at 13.50.03By KYUNGHEE PARK on 4/28/2016

SUNGNAM, South Korea (Bloomberg) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder, said an order to build three floating LNG production facilities was canceled after the energy development project was scrapped amid a plunge in oil prices.

The contract, valued at 5.27 trillion won ($4.6 billion), from Royal Dutch Shell was voided because of the current difficult market conditions, the Sungnam, South Korea-based company said in a regulatory filing Thursday. The shipbuilder won the deal in June on the condition that the project will start only after the client is ready to proceed.

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Shell cancels huge $4.6bn FLNG order at Samsung

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Shell starts jobs consultation with Australian employees

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Oil major Shell said it has begun discussions with staff in Australia about job losses as part of plans to cut 10,000 roles globally.

The company previously announced the move following the merger with BG Group announced last year.

A spokesman for the company said: “Shell last week commenced conversations with employees about business efficiency and staffing levels – as a result of combining it with the previously BG-owned OGC – a process that will lead to job reductions.”

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Dalhousie Dean of Science feared oil company’s revenge over divestment

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By Charles Mandel in News, Energy | April 27th 2016

For years, Royal Dutch Shell has tried to portray itself as one of the good guys in the battle against climate change. It recently completed improvements to an oil upgrader in Fort Saskatchewan, near Edmonton, to capture up to a third of its greenhouse gas emissions – equivalent to removing the annual pollution of about 250,000 cars.

On its website, the company posts stories about how to achieve a low-carbon-future and sponsors a fuel efficient vehicle in the eco-marathon.

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Shell starts staff cut discussions with employees in Australia

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Business | Wed Apr 27, 2016 

Shell (RDSa.L) has started discussions with employees in Australia about job reductions, the company said on Wednesday, as part of plans to cut 10,300 jobs worldwide to lower costs.

“Shell last week commenced conversations with employees about business efficiency and staffing levels – as a result of combining it with the previously BG-owned QGC – a process that will lead to job reductions,” a spokesman said.

Shell is in the process of integrating assets it acquired as part of its $50 billion (£34.2 billion) takeover of gas producer BG Group, including BG’s Australian subsidiary QGC.

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Shell to axe jobs as cost-cuts hit home

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Shell last week informed local staff that it was starting a round of job cuts, with a large portion of workers within the company asked to re-apply for their current positions.

While no fixed target has been set, it is estimated that about 250 jobs around Australia are likely to go as a result of the changes.

The round of job cuts follows Shell’s recent takeover last year of BG Group. The redundancies will remove many of the overlapping roles inherited through the takeover.

Shell had already flagged that it would axe about 2800 jobs worldwide as a result of the BG takeover, as well as a further 7000 around the globe as part of its response to the plunge in oil and gas prices.

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Multinationals already working the angles on ‘Google Tax’

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“We are aware of taxpayers seeking to use artificial and contrived interim arrangements with the sole aim of avoiding a potential MAAL liability from January 1, 2016,” the ATO said in a taxpayer alert.

In 2014 Shell Australia paid $534 million in finance costs on $12.7 billion of debt owed to offshore Shell companies. But its submission to the Senate tax inquiry showed that while it paid that $169 million interest to a Bermuda associate, the biggest cost was $260.7 million paid to a Shell company in Luxembourg for cross-currency interest rate swap costs.

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Shell shuts down three offices and asks the 1,600 staff involved to move or consider voluntary redundancy

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Oil giant warned last year that merger with BG would hit workers hard 

Staff in Reading and Manchester have option move to London head office 

Plans to put all London and South East operations into central London 

Screen Shot 2016-04-25 at 15.56.32By MARK SHAPLAND FOR THIS IS MONEY25 April 2016

Oil giant Shell is pushing ahead with plans to cut jobs and close three offices following its billion dollar takeover of rival BG Group earlier this year.

The cost-cutting drive will trigger the closure of the former BG Group headquarters in Reading and company offices in Aberdeen and Manchester.

The 1,600 staff employed at the sites who do not want to relocate will be offered voluntary redundancy.  

The firm warned last year that the impact of its mega-merger with BG Group would hit workers hard. 

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Shell to close three UK offices housing 1,600 staff

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Nick FletcherMonday 25 April 2016 13.56 BST

Royal Dutch Shell is closing three UK offices, affecting 1,600 employees, including BG’s headquarters in Reading, after its £35bn takeover of the oil and gas company earlier this year.

It has also begun a voluntary redundancy programme as part of a plan to cut 10,300 jobs across the merged group, comprising 7,500 from the original Shell business, as it attempts to cope with the recent plunge in oil prices, and another 2,800 following the merger with BG.

FULL ARTICLE

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Shell Outlines BG Consolidation Plans

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April 25, 2016 7:24 a.m. ET

LONDON— Royal Dutch Shell PLC will offer a new voluntary severance program for employees and plans to close a number of U.K. offices in the wake of its roughly $50 billion acquisition of BG Group PLC, the company said Monday.

The Anglo-Dutch oil giant has proposed plans to consolidate its London operations in central London and close its Thames Valley Park campus by the end of the year. The company also intends to close BG’s offices in Aberdeen by the end of 2016 and Shell’s Manchester offices by the end of 2017.

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Shell announces major office changes after BG takeover

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The company is cutting more than 10,000 jobs across the world, with 2,800 of those connected with the BG deal.

Shell plans to close the Thames Valley Park campus by the end of the year.

All Aberdeen-based onshore operations will move to Tullos, with BG’s offices at Albyn Place closing, as will Shell’s Brabazon House office in Manchester.

Shell said the decisions were subject to the outcome of staff consultation.

The company is also planning to open a voluntary redundancy arrangement at Thames Valley Park.

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Shell to close BG office in Aberdeen this year with job cuts expected

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Shell to close BG office in Aberdeen this year with job cuts expected

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ROYAL Dutch Shell has announced plans to close the BG North Sea head office in Aberdeen where around 300 people work in a move which is expected to lead to further job cuts in the city.

The Anglo Dutch oil giant will run the enlarged North Sea Business formed by the £35bn takeover of BG from its office in the Tullos area of Aberdeen.

Led by chief executive Ben van Beurden, Shell said all 300 BG staff will relocate to Tullos initially. They will be able to apply for redundancy under a voluntary severance programme which is expected to result in an undisclosed number of jobs being cut.

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Shell to close BG head quarters near London by year end

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As part of the 10,300 job cuts it has already announced, 2,800 will come from the integration of BG and 7,500 from its existing staff and direct contractor base.

Business | Mon Apr 25, 2016 

Royal Dutch Shell (RDSa.L) will close the head office of BG Group, the gas producer it agreed to acquire for $50 billion in February, by the end of the year, it said on Monday, as part of a plan to save costs and cut 10,300 jobs worldwide.

The oil major will also offer voluntary redundancy packages to staff at the BG headquarters in Reading, near London, and to Shell staff in the UK.

This follows a similar announcement made to Dutch staff earlier this month.

The oil company is under intense pressure to rein in costs as a slump in oil prices has hit its profits.

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SHELL ACCUSED OF BLACKMAILING GRONINGEN ON EARTHQUAKE SAFETY, REPAIRS

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by Janene Pieters: 25 April 2016Screen Shot 2016-04-19 at 20.31.49

A lobbying document Shell caused some serious irritation among Dutch parliamentarians. The oil and gas giant writes that the reduction in gas extraction in Groningen threatens the “economic base” of the plan to strengthen homes in the earthquake zone. Unacceptable blackmail, according to SP province director Eelco Eikenaar.

Shell lobbyists visited a number of parliamentarians over the past weeks, according to the Financieele Dagblad. The company is trying to convince parliament not to further reduce gas extraction in Groningen, otherwise there will be no money for reinforcing buildings in the province. Gas extraction in the earthquake prone province is currently capped at 27 billion cubic meters a year, but there are parties who want to reduce it further.

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Shell expected to confirm today where North Sea HQ will be post BG takeover

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Shell expected to confirm today where North Sea HQ will be post BG takeover

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Written by Erikka Askeland – 25/04/2016 7:37 am

Oil giant Shell is expected to tell staff in Aberdeen today that its North Sea headquarters will be based at Tullos in the wake of its takeover of rival BG Group.

The firm, which completed its multi-billion pound mega-merger with BG in April, will move around 200 former BG staff to its existing premises in the south of the city from their base on Albyn Terrace.

The decision is set to see BG’s former offices – a trio of linked granite-built townhouses at the heart of Aberdeen’s west end – go up for grabs in a market where demand for offices is falling as a result of the oil price crash.

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Investors look beyond Big Oil’s worst quarter yet

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LONDON | BY KAROLIN SCHAPS AND RON BOUSSO: Sun Apr 24, 2016

The world’s top oil companies are set to report their worst quarterly results yet in the current downturn but a recent recovery in crude prices is raising hopes the market has bottomed out.

An ever intensifying oil supply glut took global prices to a near 13-year low of $27.10 a barrel on Jan. 20, exacerbating pressure on oil producers already grappling with a more than 70 percent slide in prices since mid-2014.

“The 1Q16 reporting period looks set to be even worse than what we thought was already an especially ugly 4Q15,” said Jason Gammel, equity analyst at Jefferies.

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Oil prices drop faster than companies can cut costs

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Bloomberg News: SATURDAY, APRIL 23, 2016

The world’s biggest oil companies, set to report their worst quarterly earnings in more than a decade, are finding that their cost-cutting efforts haven’t matched the decline in crude prices over the past two years.

While producers have been deferring projects, eliminating jobs and freezing salaries, the process will take three years to complete, according to Barclays oil sector analyst Lydia Rainforth. In the meantime, profits are being hammered.

“A lot of work still needs to be done on costs,” she said. “It’s a reflection of how much costs had piled up and how long a process this is.”

For producers from Royal Dutch Shell to Chevron, reeling under the threat of credit-rating downgrades, slashing costs is the surest way of protecting balance sheets. Still, reversing course is proving painful after $100 oil persuaded companies to pump money into expensive areas in search of new deposits, hire more people and rent rigs and services at record rates. Productivity suffered.

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Is this the city car of the future? Shell reveals bizarre bug eyed vehicle with a flip up front

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Screen Shot 2016-04-23 at 07.27.30Shell’s city concept car uses a third less energy compared to the average car, as it gets 107 miles per gallon and is only 1.5m high, 2.5m long and 1.3m wide – making parking in the city a breeze. One unique feature to this futuristic car is that there are now doors that open out, in order for riders to get inside they have to pull the top up and climb in

By STACY LIBERATORE FOR DAILYMAIL.COM: 23 April 2016

In about 50 years, three-quarters of the world is expected to live in cities, while the number of cars on the road will double.

While most manufacturers are developing electric solutions, unsurprisingly Shell has designed a vehicle that they say ‘is intended to inspire thinking about maximizing personal mobility, while minimizing energy use’.

Shell’s city concept car uses a third less energy compared to the average, as it gets 107 miles per gallon and is only 1.5m high, 2.5m long and 1.3m wide – making parking in the city a breeze.

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Bulgaria anti-monopoly watchdog raids more oil firms in fuel inquiry

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Commodities | Fri Apr 22, 2016

Bulgaria’s anti-monopoly watchdog said it had raided the offices of Eco Petroleum, part of Hellenic Petroleum, and Shell Bulgaria, owned by Royal Dutch Shell, as part of an investigation into possible cartel agreements.

The inquiry follows complaints by Bulgarians over high fuel costs despite a plunge in global oil prices and a call by Prime Minister Boiko Borisov for the competition authority to hasten checks on the fuel sector.

“Employees of the Commission for Protection of Competition are carrying out surprise checks on site at the offices of Eco Bulgaria and Shell Bulgaria,” the commission said in a statement on Friday.

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Shell sidesteps electric bandwagon with petrol-powered concept car

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BEIJING | BY JAKE SPRING: Fri Apr 22, 2016

Royal Dutch Shell PLC (RDSa.L) unveiled a high-efficiency petrol-burning concept car in China on Friday, to show the world’s biggest electric vehicle (EV) market that there is a lot of mileage left in conventional internal combustion engines.

Shell, one of the largest producers of automotive fuel, said it could take decades before EVs help arrest a rise in exhaust emissions, and that its concept car – which it has no intention of mass producing – demonstrates what can be done now.

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Shell, Agip, Chevron tax evaders, Gov Dickson writes Buhari

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Okafor Ofiebor/Port Harcourt: 21 April 2016

The face-off between Bayelsa State government and multinational oil companies deepened on Thursday with Governor Henry Seriake Dickson, seeking the intervention of the Presidency over tax evasion, flagrant disregard of laws and non-compliance with the rules and regulations of the country.

A press statement from Bayelsa Govt House named the companies that evade tax as Shell Petroleum Company of Nigeria Limited (SPDC); Nigerian Agip Oil Company Limited (NAOC); Chevron Nigeria Limited (CNL); Consolidated Oil (CL); Conoil Producing; Brass LNG and Aiteo Energy.

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Shell eyes $700 million exit from Gabon – sources

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By Freya Berry and Ron Bousso

LONDON (Reuters) – Royal Dutch Shell <RDSa.L> is working on selling out of its onshore assets in Gabon, according to two sources familiar with the matter, seeking to refocus its African presence.

Bids are due in June for the fields, which one source estimated could be worth around $700 million (488.55 million pound). However the second person said that price indications were currently below Shell’s expectations and that no sale may occur.

“Shell continuously evaluates opportunities for our global portfolio in line with our business strategy,” a company spokesman said on Thursday.

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Royal Dutch Shell Plc: Notice of 2016 Annual General Meeting

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LONDON, April 21, 2016 /PRNewswire/ —

Royal Dutch Shell plc (the “Company”)(NYSE: RDS.A) (NYSE: RDS.B) announces that its 2016 Annual General Meeting (the “AGM”) will be held at the Circustheater, Circusstraat 4, 2586 CW The Hague, The Netherlands at 10:00 (Dutch time) on Tuesday May 24, 2016. The Notice of Annual General Meeting (the “Notice”) can be viewed and downloaded from http://www.shell.com/agm.

The AGM will be webcast on the day so shareholders unable to attend in person can still follow proceedings. More information about the webcast arrangements can be found in the Notice and via the website referred to above.

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Shell defies order to halt production at Nigeria facility – officials

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YENAGOA, NIGERIA | BY TIFE OWOLABI: Wed Apr 20, 2016

Royal Dutch Shell has failed to halt production at the Gbaran Ubie oil and gas facility in southern Nigeria, contravening a court order for the site to be sealed and raising the prospect of legal action, state government officials said on Wednesday.

A Reuters reporter spoke to workers at the plant who also said production had continued.

A Shell (RDSa.L) spokesman declined to comment.

The facility, in the oil-rich southern Niger Delta region, supplies the Bonny liquefied natural gas (LNG) export terminal and also helps generate electricity, which is scarce in Africa’s top oil producer and most populous nation.

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Shell starts voluntary redundancy process for Dutch staff

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Wed Apr 20, 2016

Shell said it had started a voluntary severance process in the Netherlands as part of a plan to cut around 10,300 jobs worldwide.

The oil company is under pressure to rein in costs as a slump in oil prices has hit its profits.

“Shell can confirm it has introduced a selective voluntary severance programme in The Netherlands,” a spokesman said.

The programme could be rolled out elsewhere and staff would be notified before external announcements are made, he said.

Shell has around 11,000 directly employed staff in the Netherlands.

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Shell offers well-paid office staff redundancy, hundreds of jobs to go

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20 April 2016

Shell is offering office personnel earning more than €75,000 a voluntary package to leave the company, the AD says on Wednesday, quoting union and company sources.

The company hopes this will enable it to cut the workforce by hundreds of jobs without launching an official reorganisation, the paper says.

The offer has been made to staff at Shell’s training and R&D centres in Rijswijk and Amsterdam as well as at the Shell HQ in The Hague and at NAM, Shell’s natural gas joint venture with ExxonMobil.

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SHELL TO SLASH 2,000 NETHERLANDS JOBS

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by Janene Pieters: 20 April 2016

Shell is cutting some 2 thousand jobs in the Netherlands. The oil company aims to get rid of 15 to 20 percent of the abut 10 thousand employees working in Amsterdam and Rijswijk as part of a cost-cutting plan to cope with the low oil prices, AD reports.

The company launched a voluntary departure scheme. Office staff with a salary of 75 thousand euros per year or higher can resign voluntarily for compensation. Employees can register for voluntary departure until July 1st.

According to union FNV, Shell is hoping to avoid an official reorganization with the voluntary departure scheme. “Shell first wants to see whether enough employees volunteer”, director Egbert Schellenberg said to the newspaper.

Employees working at the Pernis refinery and the petrochemical complex in Moerdijk do not qualify for the voluntary departure scheme as those two branches already face staff shortages.

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Malabu Oil deal: EFCC quizzes SNEPCO boss over $1.092b settlement cash

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20 April 2016

The Economic and Financial Crimes Commission( EFCC) has quizzed the Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCO), Mr. Bayo Bashir Ojulari over the controversial  Malabu oil block (OPL 245) deal.

The anti-graft agency is specifically seeking the whereabouts of $1,092 billion paid by SNEPCO and Nigeria Agip Exploration Limited (NAE) into an escrow account.

It was learnt that investigators were trying to determine last night whether the cash had been used  for the settlement of the dispute on the oil block or diverted elsewhere.

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Update from NAM on Shell/Exxon induced Dutch Earthquakes

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By John Donovan: 19 April 2016

Printed below in italics is a Google translation of information published in Dutch today by NAM, the Shell/Exxon Joint Venture company.

It is about the earthquakes inadvertently generated by NAM gas production activity in and around the Groningen Gas field in the Netherlands.

The damage arising from the earthquakes, which are expected to increase in intensity, will cost untold billions to deal with.

Maintaining current production level of 27 billion m3

On April 19th NAM published its proposal for future gas production from the Groningen gas field. It is the first step in a stepwise decision-making process that should lead before October 1, 2016 to a final government decision on gas production from the Groningen gas field. Given the complexity and societal concern about the earthquake record, the Minister of Economic Affairs has decided on extensive consultation with authorities, experts and residents for gas production decision.

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The caustic views of Sir Henri Deterding about lawyers

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Screen Shot 2016-03-15 at 10.34.57By John Donovan

Today came news that Shell is slashing its panel of international law firms by 97%.

It therefore seems appropriate to reflect on the views about lawyers expressed by the extraordinary Dutchman most responsible for building Royal Dutch Shell into a global business: Sir Henri Deterding.

For some reason, although he was the undisputed head of the Royal Dutch Shell Group for almost 40 years, and said to be The Most Powerful Man in the World, his name now seems verboten at Shell. 

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Exclusive: How ChemChina tried to gatecrash Shell’s BG mega-deal

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Screen Shot 2016-03-15 at 10.28.52LONDON | BY DMITRY ZHDANNIKOV, FREYA BERRY AND RON BOUSSO: Business | Tue Apr 19, 2016

Chemical giant ChemChina approached BG Group with a possible bid late last year, just as Royal Dutch Shell was preparing to close a $52 billion deal to buy the British energy company, seven banking and industry sources with knowledge of the matter said.

Working with investment bank HSBC (HSBA.L), China’s most acquisitive company of the past year flew a delegation to Britain in December and approached BG Chairman Andrew Gould with plans for a full cash bid, two sources close to ChemChina said.

Shell and HSBC declined to comment. ChemChina did not immediately respond to requests for comment. Reuters could not reach Gould for comment.

That trip was eight months after Shell announced the energy sector’s largest deal in a decade and just weeks before the BG purchase received final anti-trust and shareholder clearances.

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Nick Goodway: Why do we pay Shell to extract our oil assets?

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By Nick Goodway: 19 April 2016

My eye was caught yesterday by a document from Royal Dutch Shell snappily entitled Report on Payments to Governments for 2015. (I know, I don’t lead a very exciting life.) This is one of the myriad new reports that corporates are forced to release each year in the interests of greater transparency and good governance.

But for once, alongside the hundreds of such reports I have binned, there was some interesting stuff here. In short, the report details how much Shell paid to each government in the countries in which it operates in terms of their share of production, royalties, taxes and fees.

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Shell slashes external lawyers

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Shell slashes global panel from 11 to six post-BG merger

Shell scraps 97 per cent of global panel

On the final letter received from Simmons & Simmons before they retreated from the melee, we ended up with someone too timid to even disclose their name. Weren’t they supposed to frighten us?

19 April 2016

Simmons & Simmons is one of the law firms given the boot by Shell.

I have no idea if this is anything to do with my correspondence with Simmons & Simmons a while back.

They were brought in by Shell, no doubt at great cost, to fend off our applications to Shell under the Data Protection Action 1998.

The information we were obtaining was causing immense damage to Shell. For example, we found out from Shell internal communications about the cloak and dagger activity directed towards us by Shell Corporate Affairs Security.   

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Britain paid Shell to keep its North Sea oil fields running

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Shell and Iberdrola have been found guilty of fraud and market manipulation in California’s energy market: MAURIZIO RELLINI/CORBIS

Screen Shot 2016-03-15 at 10.34.57Marcus Leroux: 19 April 2016

Britain was the only country where Royal Dutch Shell enjoyed a negative effective tax rate last year, according to a report released by the company.

While the second-largest oil group in the world paid billions to governments from Nigeria to Norway, the payments it received from the British government indicate the toll taken on Treasury coffers by the collapse in the price of oil.

Shell received a net $123 million (£86 million) from the UK government last year, largely because of changes to the tax system that entitled it to a rebate relating to its historic Brent oilfield.

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Shell moving some jobs from New Orleans to Houston

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By Jennifer Larino, NOLA.com | The Times-Picayune: 18 APRIL 2016

Shell will relocate some jobs from New Orleans to Houston as it moves forward with plans to cut its global workforce by 10,000 employees and contractors. The company started cutting jobs last year in response to low oil prices.

Details are sparse on how the global cuts affect the roughly 1,900 workers based in One Shell Square in downtown New Orleans. Shell says it does not provide layoff counts by region. Workers close to the situation have reported that jobs may be moving to Houston in addition to cuts. They asked not to be named to protect their jobs.

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Nigeria seals Shell’s Gbaran Ubie oil and gas facility on court order -statement

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Mon Apr 18, 2016 8:15pm GMT

YENAGOA, Nigeria, April 18 (Reuters) – A Nigerian state government has sealed the Gbaran Ubie oil and gas production facility owned by Royal Dutch Shell on court orders, it said in a statement on Monday.

“The Gbaran Ubie facility was developed by Shell… in Bayelsa State without a development permit,” the government, based in the Niger Delta, said.

(Reporting by Tife Owolabi; Writing by Ulf Laessing; editing by John Stonestreet)

© Thomson Reuters 2016 All rights reserved

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John Donovan, Shell’s Nightmare: Secret Litigation Settlements

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By John Donovan

I published an article earlier today listing a number of settlements that Shell has made in various litigation claims ranging from fraud to complicity in murder. 

Shell’s settlement of my first three High Court claims against the company were all shrouded in secrecy. 

See: High Court papers unveil ‘secret’ Shell writ losses.” 

The same applied in respect of three further High Court actions, all settled secretly by Shell, including all my legal costs. 

Screen Shot 2016-04-19 at 23.20.39Extract from my most recent ebook “John Donovan, Shell’s nightmare”:

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Nothing New About Shell Settling Fraud Cases

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From April 2016:

Shell guilty of energy fraud and market manipulation in the US

From August 2004:

Shell settles fraud case for $150M

Oil company agrees to pay SEC for overstating reserves, also settles market abuse case in Britain.

The settlements are not just for fraud but range all the way to complicity in murder.

New York Times: “Shell Settles Dumping Suit for $3 Million“: 9 February 1995

New York Times: “SHELL SETTLES ROYALTIES CASE FOR $33.5 MILLION“: 21 March 2002

Shell Oil Company Limestone Township $26 million settlement: December 2007

Plaintiffs win $66 million from Shell Oil after making the mistake of relying on Shell’s “honesty and integrity”: 17 May 2008

Houston Chronicle: Shell will pay millions to settle air pollution suit: 23 April 2009

Guardian: Shell agrees to pay compensation for execution of Saro-Wiwa: June 2009

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NIGERIA: MAJOR GAS FACILITY WON’T BE REPAIRED UNTIL MAY

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Screen Shot 2016-03-15 at 10.34.57BY CONOR GAFFEY ON 4/18/16 AT 12:32 PM

Power outages in Nigeria are likely to persist until May as oil and gas giant Shell struggles to repair a major facility damaged by militants.

Nigeria’s Vice President Yemi Osinbajo visited the Forcados Export Terminal in the southern Delta state over the weekend. The facility, which is run by a subsidiary of Royal Dutch Shell, known as the Shell Petroleum Development Corporation, was subject to an attack in February when an underwater pipeline was hit by an explosion.

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Shell says theft from its Nigerian oil pipeline network fell in 2015

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Business | Mon Apr 18, 2016 9:02am BST

Theft of crude oil from the pipeline network of Shell’s Nigerian subsidiary fell to 25,000 barrels per day (bpd) in 2015, the company said on Monday, roughly 32 percent less than the previous year.

The number of sabotage-related spills on the SPDC network also declined to 93 in 2015, compared with 139 the previous year, Shell said in its annual sustainability report.

It attributed the decrease to divestments in the Niger Delta and increased surveillance and security by the Nigerian government, but said theft and sabotage were still responsible for around 85 percent of spills from SPDC operations.

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Shell’s divi dominance underlines yield conundrum

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By Taha Lokhandwala: 18 April 2016

According to Capita UK Dividend Monitor, Shell will account for £1 in every £7.50 paid out in UK dividends this year, up from £1 in every £10 last year.

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FULL FT ARTICLE

Shell and Scottish Power guilty of energy fraud and market manipulation in the US

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By Alex Brummer For Daily Mail, In San Francisco

Shell and Iberdrola-owned Scottish Power have been found guilty of fraud and market manipulation which led to power blackouts in the San Francisco bay area.

The finding by a Federal Energy Regulation Commission (FERC) judge alleges that Shell and Iberdrola made £809million of illegal profits which may now have to be repaid to the citizens of California.

Evidence presented during the hearings says that energy traders at Shell and Iberdrola used similar tactics to the collapsed energy firm Enron to drive up the prices which Californian residents had to pay on their long-term contracts.

As a result Shell received £548million in excessive profits and Iberdrola £261million. At the time Scottish Power, which has previously won Money Mail’s Wooden Spoon Award for poor customer service, was a quoted UK company and owner of PPM Energy in California.

It was heavy losses in the US which weakened the Scottish firm and led to it being sold to the Spanish power giant Iberdrola in 2007.

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Project Prelude – A case study in the generation of real material debt

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Comment By Bill Campbell (Retired HSE Group Auditor Royal Dutch Shell International) on the article published in The Australian: “Shell chief Ben van Beurden backs FLNG program

Interesting use of terminology by BvB, real material cash, what other type is there rather than funny money.

Prelude dumped from super star gamechanger status to important tool, an aspirin rather than a panacea for all ills, has certainly generated, and it appears will continue to generate, something of a debt mountain for RDS. $15 billion and counting has been allocated to finance the venture outflowing since at least 2007/8 at commencement of conceptual and then detailed design. I may be wrong, but I thought the production start date was given at the time when the first metal was cut in the yards in 2010, as 2016 – now it will be a least 10 years till 2018 before the project will start generating revenue. Our esteemed contributor London Lad, who knows a thing or three about project economics, will confirm, if he feels so inclined, that the breakeven point in any project is determined by how quickly capital spending is halted and operational revenue creation is started. The viability of the project per se, as to whether it will ever add value or be a financial millstone, is determined when production eventually starts by the rate of return of the capital invested, and here BvB hopes for real material cash, and lots of it, and hopefully by 2018 the cash will start to flow. Anybody guess how long it will take for this Project to breakeven?

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