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U.S. Warns Sanctions Possible If Nord Stream 2 Pipe Proceeds

Royal Dutch Shell Plc, BASF SE’s Wintershall unit, Uniper SE, OMV AG and Engie SA have agreed to provide Russia’s Gazprom PJSC with financing for the project.

Updated on 

The U.S. stepped up its opposition to the Nord Stream 2 natural gas pipeline linking Russia and Germany, saying the project raises security concerns and that it could draw U.S. sanctions. The U.S. opposes the project because it will increase Europe’s reliance on Russia for gas supplies. It’s also worried the pipeline could open ways for Russia to install undersea surveillance equipment in the Baltic Sea, said Sandra Oudkirk, U.S. Deputy Assistant Secretary of State for Energy diplomacy. FULL ARTICLE read more

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Champagne bottles to be uncorked at Shell HQ

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad

Shell is hoisting arch-rival ExxonMobil in the neck

Bert van Dijk • Entrepreneurship: 

A few more weeks and the champagne bottles can be uncorked at Shell headquarters. Then the British-Dutch oil and gas multinational for the first time in decades again greater in terms of market value than arch-rival ExxonMobil. At least, if the current price development at both companies continues at the current rate.

Where Exxon has had to deal with setbacks that have affected production, results and returns in recent years, investors are actually charmed by Shell’s growing cash flow, his lucrative oil and gas projects in the deep sea near the US and Brazil, the big financial discipline and cost savings. Important also: an announced share repurchase of $ 25 billion in the period up to the end of 2020. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell’s Profits Soar From Strong Asian Demand

By Tsvetana Paraskova – Apr 20, 2018, 10:00 PM CDT

Oil major Shell has snapped up over 8 million barrels of June-loading crude oil grades from the Middle East and Russia and has resold some of the cargoes in Asia, taking advantage of the strong Asian demand, Reutersreported on Friday, citing five trading sources.

Wider Brent premium over the Middle Eastern benchmark Dubai this month has made Atlantic crude oil supplies more expensive than the Middle Eastern and Russian supplies, which are priced off the Dubai benchmark. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

British firms advised to skip Russia summit

Some of Britain’s biggest companies have been urged to boycott Russia’s main annual business summit in St Petersburg next month, amid growing political tensions triggered by the poisoning of Sergei Skripal and his daughter.

Bob Dudley, BP’s chief executive; Ben van Beurden, the chief executive of Royal Dutch Shell; and a number of other UK executives attended the St Petersburg International Economic Forum last year.

The event, hosted by President Putin, is due to be held this year on May 24-26, three weeks before the country hosts the football World Cup. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Spooky dangerous times

The recent attempted assassination attacks in Salisbury using nerve agent have created the biggest most frightening espionage confrontation with Russia for many decades. 

As I write this article, the Putin led regime is raising the temperature still further by demanding access to Yulia Skripal on the grounds that she is a Russian citizen and by expelling more than 50 UK diplomats from Moscow. Putin is also boasting about a terrifying new intercontinental missile which NATO calls ‘Satan 2’. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

After closing the NAM Groningen gas tap, a trajectory full of obstacles follows

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

The whole process was given a new dynamic by the earthquake in Zeerijp on 8 January.

After closing the gas tap a trajectory full of obstacles follows

Louis Hoeks, Carel Grol • Economics & Politics

With seven-mile boots, Eric Wiebes steps through the Groninger gas file, culminating in the Cabinet decision that was made public on Thursday. By 2030, seven decades after the discovery of the first Groningen gas at Slochteren, the gas tap will close. ‘A turning point’, the Minister of Economic Affairs and Climate said correctly. “Historically,” MPs said, also from the opposition. Friend and foe were surprised by it. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell joins effort to electrify services at petrol stations

Sky’s Ian King explains a change in attitudes among oil majors to the petrol station forecourts carrying their brands.

Wednesday 21 March2018

Ever wonder what happened to all the petrol stations in Britain?

It’s no secret that the number has fallen substantially during recent years, with just over one in three petrol stations closing since the beginning of the century. At the end of November last year, according to the Petrol Retailers Association, the UK was down to 8,407 sites, just over half of which trade under the BP, Shell, Esso and Texaco brands. Going further back, the numbers are even more stark. Since 1970, three-quarters of petrol stations have shut. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Polish Foreign Ministry to Advise Germany Against Nord Stream 2 After Salisbury

Sputniik International (Russian Publisher) 19 March 2018

WARSAW (Sputnik) – Poland will try to convince Germany to reconsider the Nord Stream 2 pipeline in the wake of the nerve agent attack on former Russian intelligence officer Skripal in London, Polish Secretary of State for European Affairs Konrad Szymanski said Monday.

“[Nord Stream 2] will surely be the most important issue of the talks, because after Salisbury we have a new situation. It is, beyond doubt, one of the aspects of Russian policy regarding Europe, not regarding the UK. And we should consider once again whether Russia is a trustworthy partner… Nord Stream 2 carries only negative consequences, but Germany is an independent state as much as Poland,” Szymanski told RMF FM radio. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Gazprom and Shell review progress of joint LNG projects

Published by Will Owen, Editorial Assistant Monday 19 March 2018

Shell and Gazprom representatives have held a working meeting in St Petersburg to discuss the state and prospects of their strategic cooperation in the gas sector.

Alexey Miller, Chairman of the Gazprom Management Committee, led the Gazprom delegation; and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, and his associates represented Shell.

During the meeting, particular attention was paid to joint efforts in the LNG industry, especially the construction of the third train of the LNG plant within the Sakhalin II project. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Breaking News: Downing Street release photo of first expelled Russian undercover agent leaving the UK

Breaking News: Downing Street release photo of first expelled Russian undercover agent leaving the UK

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Selection of Shell related news 14 March 2018

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Kashagan output crosses 300,000 b/d, but ‘giant’ increases unlikely: Shell executive

London (Platts)–23 Feb 2018 510 am EST/1010 GMT

Kazakhstan’s giant Kashagan oil field is achieving new production highs every month and has done better than 300,000 b/d, but development beyond the current phase is likely to be about “discretionary step-ups” rather than giant steps, Shell country chair and vice president Olivier Lazare said Thursday. Speaking at the IP Week conference in London, Lazare declined to specify the current production level, saying there were still reliability issues with the first phase, which started producing in 2016 after more than $50 billion of investment and multiple delays, and has a target of 370,000 b/d. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Oil hits seven-week low on expectations of higher U.S., Iran output

FILE PHOTO: Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. REUTERS/Sergei Karpukhin/File Photo Ayenat MersieEjigu: 8 FEB 2018 NEW YORK (Reuters) – Oil prices fell to their lowest in seven weeks on Thursday amid fears of rising global supplies after Iran announced plans to increase production and U.S. crude output hit record highs.

Brent futures LCOc1 fell 70 cents, or 1.1 percent, to settle at $64.81 a barrel, their lowest close since Dec. 20.

U.S. West Texas Intermediate (WTI) crude CLc1, meanwhile, was down 64 cents, or 1 percent, to settle at $61.15, its lowest close since Jan. 2.

Both benchmarks fell for the fifth straight day, the longest losing streak for Brent since November 2017 and for WTI since April 2017.

Brent futures have lost as much as 15 percent since hitting a four-year high above $71 in late January. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Russian exec says impact of Western sanctions was minimal

Reuters Staff: FEBRUARY 7, 2018

ORZHOK, Russia, Feb 7 (Reuters) – International oil major Royal Dutch Shell’s Russian business felt minimal impact from Western sanctions on Russia, the branch’s head Sergey Starodubtsev said on Wednesday, adding the firm was fully compliant with international law.

Shell Neft, the Russian arm of the global oil company, plans to double the number of petrol stations in Russia, currently at 259, in the next four to five years, and sees fuel sales rising 8 percent to 12 percent this year, Vitaly Maslov, head of Shell’s Russian retail business, told reporters. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell annual profits up 242% to £8.5bn as oil prices rise

Royal Dutch Shell has reported a surge in annual profits to £8.5bn – a leap of 242% on the previous year. The Anglo-Dutch oil major credited the performance on a recovery in oil and gas prices during a “year of transformation” within the business. Underlying earnings – which reflect day-to-day operations and strip out one-off costs – more than doubled to £11.2bn and were aided by a £3bn contribution during the final three months of the year. The company said: “Full-year earnings benefited mainly from higher realised oil, gas and liquefied natural gas (LNG) prices, improved refining performance and higher production from new fields, which offset the impact of field declines and divestments.” FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Oil Boom Gives the U.S. a New Edge in Energy and Diplomacy

A pump jack in a Permian Basin oil field in West Texas. The area has been a focus of the shale drilling boom. Credit Spencer Platt/Getty Images North America

HOUSTON — A substantial rise in oil prices in recent months has led to a resurgence in American oil production, enabling the country to challenge the dominance of Saudi Arabia and dampen price pressures at the pump. The success has come in the face of efforts by Saudi Arabia and its oil allies to undercut the shale drilling spree in the United States. Those strategies backfired and ultimately ended up benefiting the oil industry. Overcoming three years of slumping prices proved the resiliency of the shale boom. Energy companies and their financial backers were able to weather market turmoil — and the maneuvers of the global oil cartel — by adjusting exploration and extraction techniques. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
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