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Posts under ‘Russia’

ROYAL DUTCH SHELL PLC NEWS FRIDAY 19 SEPT 2014

By John Donovan Shell’s Arctic Drilling Plans  fuelfix.com has published an article about Shell’s latest plans for exploratory oil drilling in the Chukchi Sea, north of Alaska. The detailed article contains links to a document Shell has filed with the U.S. Bureau of Ocean Energy Management, a related federal court document and an exploration plan.  A lawyer […]

Potential serious impact on Shell from new Sanctions on Russia

American and European explorers such as Exxon and Royal Dutch Shell Plc , which is drilling in Siberian shale rock formations, will have to act fast to avoid violating the bans. “Those new sanctions imposed on Russia by the U.S. and Europe on Friday will, among other things, force Exxon Mobil, Royal Dutch Shell… and […]

Royal Dutch Shell News Thursday 11 Sept 2014

By John Donovan The US and EU are ready to impose new sanctions on Russia arising from events in Ukraine. See extract from a fuelfix.com article published under the headline: “Sanctions threaten Putin’s oil deals with Exxon Mobil, Shell” Other vulnerable international operators include Royal Dutch Shell, the world’s second-largest energy company by market value. Multiple investments […]

Shell CEO on global turmoil’s impact

Screenshots from a Fox Business video of an interview with Royal Dutch Shell CEO Ben van Beurden on 4 Sept 2014 shows the uncertainty that surrounds Shell. Mr van Beurden bluntly made it clear at the May 2014 Shell AGM that Shell’s priority is what is in the economic interests of Shell shareholders, not geopolitical […]

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 […]