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Gunmen Kill Oil Worker On Royal Dutch Shell Facility In Bayelsa

BY PM NEWS, LAGOS: OCT 09, 2015 Unidentified gunmen on Friday killed an oil worker at the Kolo Creek Oilfields operated by Shell Petroleum Development Company (SPDC) in Ogbia local government area of Bayelsa. It was gathered that the sound of the gunshots fired by the gunmen alerted armed security team stationed to guard the oil […]

Alison-Madueke family reacts, says Diezani was never arrested

October 09, 2015 * Says she completed months of cancer chemotherapy in London, to undergo surgery next week * Urges Nigerians to pray for her recovery to face allegations, give stewardship account Following the ongoing travails of Nigeria’s former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, over allegations of money laundering and bribery brought against her […]

Shell granted licence by EPA for Mayo gas refinery

Friday, Oct 9, 2015 Shell has been granted an industrial emissions licence by the Environmental Protection Agency (EPA) for its gas refinery at Bellanaboy, Co Mayo. The licence is one of the last consents required by the Corrib gas developers. The licence allows for “operation of a gas refinery” and “combustion of fuels”. It was […]

Shell asks shippers exporting Nigerian oil to sign NNPC guarantee

Fri Oct 9, 2015 LONDON Oct 9 (Reuters) – Royal Dutch Shell has asked ship owners exporting its Nigerian oil to sign a “letter of comfort” (LoC) to guarantee that its oil is not stolen, an email from the company seen by Reuters showed. “Please be informed we expect LPG & Products ship owners to […]

Environmentalists ramp up resistance to big oil

Environmental groups have become emboldened by their perceived triumph over Shell in the Arctic, in which they refined new tactics. What impact might this decision have on the future green movement in the United States? Environmental organizations celebrated when Royal Dutch Shell announced it was halting oil and gas explorations in Alaska’s Chukchi Sea “for […]

UNESCO sees bright side to Shell’s Arctic pullout

Alaska Dispatch News: October 8, 2015 Shell’s decision to end its program to drill for oil in Arctic waters off Alaska is being cheered by one international organization. Shell’s drilling in the Chukchi Sea threatened Russia’s Wrangel Island Reserve, an ecologically rich site that is the only designated World Heritage site in the Arctic, said the […]

Shell’s withdrawal from Arctic energizes activists

Activists plan broader green campaign By Jennifer A. Dlouhy, Hearst Washington Bureau: Oct  8, 2015 WASHINGTON — Environmentalists who battled Arctic oil drilling by paddling kayaks, dangling from bridges and climbing onto rigs at sea have claimed a high-profile success against Shell and aim to funnel the resulting enthusiasm into other fights against fossil fuels. […]

Diezani Alison-Madueke: Behind the ‘reformer’ of the Nigerian oil industry’s arrest

Mrs Alison-Madueke, 54, part of a prominent Nigerian family and a former Shell executive, was appointed as Honourable Minister of Petroleum Resources in March 2010 by now former president Goodluck Jonathan Cahal Milmo§ @cahalmilmo Wednesday 7 October 2015 18:29 Until last Friday, Diezani Alison-Madueke’s position as one of the most prominent women on the global stage […]

Can Royal Dutch Shell Sustain Its High Dividends?

Trefis Team, CONTRIBUTOR: OCT 7, 2015 Royal Dutch Shell‘s dividend yield has reached a high of over 8%, given that its stock price fell by almost 18% in the last three months. The company has committed to paying its current dividend for the current financial year despite the pressure on its net income. However, it […]

Diezani In London By Michael Egbejumi-David

…just last Friday, the ex-minister was collared in London along with four other people.  They were all charged with bribery, corruption and money laundering.  Already, money is being taken off her. BY MICHAEL EGBEJUMI-DAVID: OCT 06, 2015 I have met the former Minister of Petroleum, Mrs Diezani Alison-Madueke before.  It was about three years ago in […]

Sanctions do not exclude investment opportunities in Russia – Shell

Neil Hall / Reuters: 6 Oct 2015 Royal Dutch Shell’s business ties remain strong in Russia and there’s no lack of investment opportunities in the country despite sanctions, said Shell CEO Ben Van Beurden. “Our interests in Russia stay significant… Sanctions do not mean absence of investment opportunities. We have a very effective and strategic […]

Wishful Thinking

Christopher Adams, Anjli Raval and David Sheppard: Oct 6, 2015 Royal Dutch Shell on Tuesday warned of the risk of a “spike” in oil prices should Opec keep pumping flat out in the face of an expected decline in output after spending cuts by energy groups outside the producers’ cartel. Ben van Beurden, Shell’s chief […]

Shell CEO Doing All to Safeguard Dividends Amid Low Oil Prices

by  Bloomberg: Rakteem Katakey: Tuesday, October 06, 2015 (Bloomberg) — Royal Dutch Shell Plc is “pulling out all the stops to safeguard” its dividend in a world where oil prices remain “lower for longer,” Chief Executive Officer Ben Van Beurden said.  Europe’s biggest oil company is also protecting its plan to buy back shares, Van Beurden said […]

Shell CEO sees first signs of oil price recovery

Business News | Tue Oct 6, 2015 Oil markets are beginning to recover but the scale of global oversupply means prices may rise only slowly, the chief executive of Royal Dutch Shell Plc (RDSa.L) said on Tuesday. “I see the first mixed signs for recovery of oil prices,” Ben van Beurden told an oil industry […]

How Nigeria’s Ex-Minister Of Petroleum Madueke Laundered Looted Money, Her Accomplices Revealed

…another avenue of money laundering by the former minister was the controversial Malabu deal in which she, former Attorney General, Mohammed Adoke, and President Goodluck Jonathan may have pocketed close to $2 billion between them. Charing Cross Police Station in London where former Shell Executive Director and subsequently Nigerian Minister of Petroleum Resources, Mrs. Diezani […]

Premium Times: Former Shell Executive Director Arrested in London on Corruption Allegations Involving Over $20bn

  …former board member of Shell Petroleum Development Company of Nigeria… By Bassey Udo: 4 Oct 2015 The Nigerian presidency has confirmed the arrest of a former Petroleum Minister, Diezani Alison-Madueke, in London, over allegations of corruption and money laundering. “The government is aware of the arrest and all the government investigative agencies are working very […]

Aggressive bidding after reserves scandal put Shell on path to Arctic disappointment

$7 billion bust in the Arctic Ocean By Jennifer A. Dlouhy: 5 Oct 2015 WASHINGTON — Shell’s dreams of an Arctic oil bonanza were dashed with disappointing results from a critical exploratory well this summer, but they were in full force seven years ago, when the company aggressively outbid competitors to nab drilling rights in […]

Shell Starts Nigeria Offshore Expansion of Up to 50,000 Barrels

Rakteem Katakey: 5 Oct 2015 Bonga phase 3 oil passes through floating production facility Shell has 55% of Bonga, Exxon 20%, Total, Agip 12.5% each Royal Dutch Shell Plc expanded oil production off Nigeria’s coast by starting the third phase of its Bonga field.  That phase has a peak production capacity of about 50,000 […]

Myths about Shell’s Arctic Alaska pullout persist

Yereth Rosen: Alaska Dispatch News: October 3, 2015 When Royal Dutch Shell announced that it had lost its big-money bet in the Chukchi Sea and would end its entire program in the offshore U.S. Arctic, the hyperbole and finger-pointing began in earnest. Rep. Don Young accused President Obama and Interior Secretary Sally Jewell of deliberately sabotaging Alaska’s economy. “I’m […]

Shell may post loss after taking £2.7bn Arctic exploration hit

Shell chief executive Ben van Beurden told The Mail on Sunday just two weeks ago that he was committed to the Arctic By Jon Rees For The Mail On Sunday: 4 Oct 2015 Shell is set to reveal that quitting the Arctic cost it up to $4.1billion (£2.7billion) in its third-quarter results when it unveils […]

What Shell’s latest move says about Arctic drilling myths

By  Scott L. Montgomery OCTOBER 1, 2015 The company’s departure is certainly a pause in a new era of Arctic exploration, but it’s not the end. After seven years of preparation and several billion dollars spent, Shell has decided to abandon its exploration program in the U.S. Arctic “for the foreseeable future.” This follows barely […]

Shell-BG Deal Could Face Regulatory Sanctions, But Shell Will Do Everything It Can To Save Deal

Trefis Team, CONTRIBUTOR: 2 Oct 2015 Ever since announcing the $70 billion deal to acquire BG Group back in April, Royal Dutch Shell Plc. has been busy these last few months obtaining the required merger related approvals from various regulatory authorities. After obtaining the required clearances in Brazil, the U.S., and Europe, the process hit a […]

Shell’s Exit From Arctic Oil Drilling

LETTER TO THE EDITOR OF THE NEW YORK TIMES “I am hesitant to pop open the Champagne quite yet…” To the Editor: Re “Shell Pulls Plug on Exploration in Alaska Arctic” (front page, Sept. 29): While the news that Shell has decided to pull out of its controversial Arctic oil exploration effort is cause for […]

Shell and BP make new inroads in Iran

Saeed Kamali Dehghan and Terry Macalister Friday 2 October 2015 20.30 BST The possibility of a major British oil company regaining access to one of the world’s great hydrocarbon markets rose on Friday with officials in Tehran saying Shell would be allowed to build 100 petrol stations in Iran. FULL ARTICLE RELATED TEHRAN, Oct. 3 (MNA) […]

Shell CEO Ben van Beurden says carbon price needed to tackle climate change

“Shell’s track record on climate change does not inspire us with confidence…” By business reporter Michael Janda and staff: 2 Oct 2015 Shell’s global chief executive says an effective carbon price is needed to tackle climate change, whether through a trading or tax system. Speaking exclusively to ABC TV’s The Business, Ben van Beurden said […]

Work to begin on Motiva’s $500M Maurepas Pipeline by end of this year

Anna Thibodeaux: October 3, 2015 Construction will begin on Motiva’s $500 million Maurepas Pipeline in the fourth quarter of this year. “The Maurepas Pipeline is the initial step for Motiva to interconnect and optimize its Gulf Coast refinery operations,” said Kiley Roberson, company spokesman for Tulsa, Okla.-based SemGroup Corp., which will build and own the […]

Nigeria’s ex-oil minister ‘arrested in London’

…one of five people as part of an investigation into suspected bribery and money laundering. $20bn of oil money had gone missing… 2 Oct 2015 Nigeria’s former oil minister Diezani Alison-Madueke has been arrested in London, her family has said. She is believed to be one of five people the UK National Crime Agency said […]

Shell boss confronts environmental, carbon challenges

On Monday, the oil and gas giant gritted its teeth and pulled out of one of the most ambitious, expensive and controversial exploration forays on the planet – Alaska. A project that could have delivered tens of billions of dollars instead delivered a dry well and, on Sunday, van Beurden and his team called it quits. […]

A rig too far

Ben van Beurden, installed as Shell’s chief executive in 2014, could have halted the ill-fated project. But after a “personal journey”, he decided to go ahead. Shell’s retreat from the frozen north shows the new realities of “big oil”: Reputation was another factor in Shell’s retreat Oct 3rd 2015 | HOUSTON | From the print […]

First Utility launches in Germany – branded as Shell

Energy supplier will sell gas and electricity in Germany using global oil giant’s branding under new joint venture By Emily Gosden, Energy Editor: 30 Sep 2015 First Utility and Royal Dutch Shell are to launch a new venture in Germany selling households gas and electricity under Shell’s branding. The deal marks First Utility’s first foray […]

Feds, Shell to pay $55 million to clean up contaminated L.A. site

By KYLE FELDSCHER (@KYLE_FELDSCHER) • 9/30/15 4:29 PM Shell and a government agency will pay $55 million to clean up contaminated soil at a site in Los Angeles as a part of a settlement with the federal government. The Environmental Protection Agency announced Wednesday it reached the settlement with Shell and the General Services Administration […]

Emma Thompson joins Greenpeace to celebrate Shell scrapping Arctic drilling

Emma Thompson joins Greenpeace to celebrate Shell scrapping Arctic drilling By Charlotte Krol, and PA, video source YouTube / Greenpeace: 29 Sep 2015 Actress Emma Thompson has joined activists outside the headquarters of Shell to celebrate news that the oil giant is pulling out of drilling in the Arctic. Greenpeace has been protesting against the company’s […]

Shell and First Utility target German retail power market

Shell and First Utility target German retail power market FRANKFURT | BY VERA ECKERT | Wed Sep 30, 2015  Shell, a brand well known to car owners throughout Germany, has expanded a partnership to provide households with gas and electricity in Europe’s biggest retail market. The oil major’s supply and trading arm Shell Energy Europe and […]

Royal Dutch Shell’s Arctic Bucket Of Ice Has Melted, Yield Is Now North Of 8%

Sep. 29, 2015 Summary * The Burger J well test results were a dud, no major reserves found. * Shell puts Arctic drilling on hold indefinitely, which further reduces future capex. * Dividend yield tops the 8% mark. Royal Dutch Shell (RDS.A / RDS.B) was always upbeat about the prospects of drilling in the Arctic, […]

Shell’s Arctic defeat ends dream of new frontier

Christopher Adams, Ed Crooks and Jack Farchy After nine difficult years and $7bn of spending, Royal Dutch Shell has admitted it has nothing to show for its contentious campaign to discover oil in the Arctic. As it pulled the plug on further drilling — announcing billions of dollars in likely losses — the prospects for […]

Why Shell Quit Drilling in the Arctic

By Paul Barrett: BLOOMBERG.COM: 28 SEPT 2015: 6:12 PM BST Royal Dutch Shell’s abrupt announcement today that it would cease all offshore drilling in the Arctic is surprising for several reasons. One is the unusual degree of confidence the company expressed as recently as mid-August that it had identified 15 billion barrels of oil beneath the well […]

Shell Exits Arctic as Oil Slump Forces Industry to Retrench

By CLIFFORD KRAUSS and STANLEY REED As oil prices have continued their steady decline this year, rig after rig has been shut down, costing thousands of jobs in the United States. Yet major oil producers have been loath to pull the plug on their most ambitious projects — the multibillion-dollar investments that form the backbone of […]

Shell Abruptly Abandons Arctic Drilling, Finding It Too Costly

BY ZOË SCHLANGER 9/28/15 After a season spent drilling an exploratory oil well in one of the harshest environments on Earth, Royal Dutch Shell announced Monday morning it was abandoning its attempt to develop the Alaskan Arctic “for the foreseeable future.” The exploratory well 150 miles offshore in the Chukchi Sea did not turn up […]

These 2 charts explain why Shell stopped drilling in Alaska

It’s all about oil prices. Royal Dutch Shell said Monday it will stop drilling for oil off Alaska’s coast. The move comes after Shell failed to discover a noteworthy amount of undersea oil in a well off northern Alaska despite spending $7 billion on exploration efforts. The decision will undoubtedly please the many environmentalists who […]

Shell abandons Alaska Arctic drilling

Terry Macalister: Monday 28 September 2015 18.29 BST Barry Gardiner, Labour’s new shadow minister for energy and climate change, said Shell had been engaged in a fool’s errand. “(Potentially) desecrating one of the world’s last wildernesses shows a complete failure of moral leadership at the head of the company. If his investors are not calling for Ben van […]