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Posts under ‘Russia’

Potential Bad News for Royal Dutch Shell and BP

By John Donovan An article by Matthew Smith published by Seeking Alpha warns about the potential adverse impact on the share value of companies with “exposure” in Russia, such as BP and Royal Dutch Shell. The CEO of Shell, Ben van Beurden, is well aware of the risk to Shell’s Russian assets and future prospects, […]

Royal Dutch Shell News Roundup 25 August 2014

RUSSIA Jeroen van der Veer, the former Royal Dutch Shell CEO who evaded responsibility for his role in the cover-up of the Shell reserves fraud, claims that the sanctions against Russia are not working and are counter-productive. This analysis comes from the man who badly misjudged the Putin regime in 2006 and as a result, ended up meekly surrendering […]

Robert Writt vs. Shell Oil Company – Update

The litigation relates to a corruption case in which Shell was ordered to pay $48 million (£29.4m) in civil and criminal fines after its contractor (Panalpina Inc.) bribed Nigerian customs officials. It appears Shell decided  to make Robert Writt the fall guy for Shell’s involvement in the massive corruption scheme (targeting officials of a host […]

Shell stops shale gas production in Eastern Ukraine

By John Donovan Royal Dutch Shell says that it has suspended shale gas production in eastern Ukraine due to security concerns.  A Shell spokesperson said: “Currently we are not conducting drilling in eastern Ukraine. The security situation is such that we are not able to carry out certain activities scheduled by the shale gas production […]

Big Oil Could Be In Big Trouble

By John Donovan A number of current articles warn of falling oil prices. A zacks.com article says that oil prices have fallen below $100 to the lowest level this year and that natural gas has fared even worse. Nas.daq.com reports that the price of oil has plummeted, and that the fall is accelerating. It also points […]

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 […]

Royal Dutch Shell News Roundup Monday 11 Aug 2014

Rejection in Australia, Oil Spill Fire in Nigeria, Fire sale in the USA, Asbestos lawsuit in the UK By John Donovan AUSTRALIA The Australian reports that a fortnight after Woodside Petroleum shareholders scuttled a $2.7 billion plan to remove Royal Dutch Shell from the company’s share register, Woodside has bought a 40% stake in a […]

President Obama Scuttling the good ship UNITED STATES OF AMERICA

By John Donovan I am a UK citizen and therefore have no say in US politics.  I am just an observer who has travelled extensively in the USA over many decades and as a result grew to love America and its people.  President Obama seems like a thoroughly nice man with a lovely family. That’s the positive […]

Russia Sanctions Failing to Stanch Energy Deals With Japan

By John Donovan Nato says that Russia has amassed 20,000 combat-ready troops on the border of eastern Ukraine. The US and the EU have stepped up sanction measures on Russia moving from targeted to sector sanctions.  Unfortunately for Royal Dutch Shell its current business and future prospects depend on maintaining good relations with Putin. Hence […]

FT: 12 Shell staff and family members killed on flight MH17

Extract from FT “Week in review” published 2 August 2014 Majors brace as sanctions against Russia tighten Ben van Beurden, chief executive of Royal Dutch Shell, said: “It’s a bit early to say how it will play out. We will obey sanctions without hesitation.” Shell, which also has LNG interests at Sakhalin, has suspended work exploring […]

Shell has declared force majeure on gas exploration in eastern Ukraine: CEO

Extracts from a PLATTS article published 31 July 2014 Shell CEO Ben van Beurden said Thursday, July 31 that the recent events around the Ukraine crisis, including the crash of flight MH17 and the subsequent US and EU sanctions against Moscow, were a “game-changer” from an international political, economic and trade point of view. Shell, […]