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Posts under ‘Russia’

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, […]

The grief of Ben van Beurden

Extracts from a Daily Mail/This is MONEY” article by Rob Davies published 31 July 2014 under the headline: “Energy lift boosts shares in Royal Dutch Shell and BG Group after both post strong second quarter results” Boss Ben van Beurden has vowed to sell underperforming assets and be more selective about spending, after beginning his […]

Sanctions: Bloomberg warns of ‘DefCon 5′ reprisal by Russia on Royal Dutch Shell

By John Donovan This morning the oil giant Royal Dutch Shell Plc announced its second quarter results. In subsequent news coverage, Bloomberg commentators said they were stunned by the lack of comment by Shell on the risk of reprisals by Russia to the recent announcement of EU sanctions targeting the Russian  oil and gas industry. […]

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 […]