Russia – Royal Dutch Shell Plc .com http://royaldutchshellplc.com News and information on Royal Dutch Shell Plc Sun, 15 Jul 2018 17:02:48 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.7 https://i0.wp.com/royaldutchshellplc.com/wp-content/uploads/2017/04/cropped-Screen-Shot-2017-03-31-at-15.44.47.jpg?fit=32%2C32 Russia – Royal Dutch Shell Plc .com http://royaldutchshellplc.com 32 32 4172002 U.S. issues sanctions warnings for firms invested in Nord Stream pipeline http://royaldutchshellplc.com/2018/07/13/u-s-issues-sanctions-warnings-for-firms-invested-in-nord-stream-pipeline/ http://royaldutchshellplc.com/2018/07/13/u-s-issues-sanctions-warnings-for-firms-invested-in-nord-stream-pipeline/#respond Fri, 13 Jul 2018 06:54:15 +0000 http://royaldutchshellplc.com/?p=97508 U.S. issues sanctions warnings for firms invested in Nord Stream pipeline was first posted on July 13, 2018 at 7:54 am.
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|By: , SA News Editor

  • The U.S. warns Western companies invested in Russia’s Nord Stream 2 natural gas pipeline to Germany that they are at risk of sanctions.
  • The $11B project, led by Gazprom (OTCPK:OGZPY), would double capacity of the existing Nord Stream 1 pipeline under the Baltic Sea to Germany, bypassing traditional routes through Ukraine.
  • Pres. Trump sharply criticized Germany yesterday for being a “captive” of Russia because of its support for the pipeline.
  • A German business group says it is not up to the U.S. to dictate how German companies do business, that the country’s energy partnership with Russia had spanned decades with mutual benefits, and that gas imports from Russia are a competitively priced and reliable energy source.
  • Germany’s Uniper (OTC:UNPRF) and BASF’s (OTCQX:BASFY) Wintershall are among western partners involved in the project, as well as Royal Dutch Shell (RDS.A, RDS.B), Engie (OTCPK:ENGIY) and OMV (OTCPK:OMVJF).
  • Now read: Gazprom: From Russia With Love
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U.S. issues sanctions warnings for firms invested in Nord Stream pipeline was first posted on July 13, 2018 at 7:54 am.
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The Pipeline Trump Says Risks Making Germany ‘a Captive of Russia’ http://royaldutchshellplc.com/2018/07/11/the-pipeline-trump-says-risks-making-germany-a-captive-of-russia/ http://royaldutchshellplc.com/2018/07/11/the-pipeline-trump-says-risks-making-germany-a-captive-of-russia/#respond Wed, 11 Jul 2018 22:00:33 +0000 http://royaldutchshellplc.com/?p=97486 The Pipeline Trump Says Risks Making Germany ‘a Captive of Russia’ was first posted on July 11, 2018 at 11:00 pm.
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By Elena Mazneva and Laurence Arnold: 11 July 2018

A planned natural-gas pipeline, Nord Stream 2, is the latest point of friction between U.S. President Donald Trump and German Chancellor Angela Merkel. At a summit meeting of North Atlantic Treaty Organization members, Trump said the pipeline risks making Germany “a captive of Russia.” He’s not the first American leader to criticize the pipeline project, and the U.S. isn’t alone in its disapproval. FULL ARTICLE

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The Pipeline Trump Says Risks Making Germany ‘a Captive of Russia’ was first posted on July 11, 2018 at 11:00 pm.
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If Putin Sakhalin2 blackmail tactics were applied in Groningen Gas debacle negotiations http://royaldutchshellplc.com/2018/07/11/if-putin-sakhalin2-blackmail-tactics-were-applied-in-groningen-gas-debacle-negotiations/ http://royaldutchshellplc.com/2018/07/11/if-putin-sakhalin2-blackmail-tactics-were-applied-in-groningen-gas-debacle-negotiations/#respond Wed, 11 Jul 2018 14:14:13 +0000 http://royaldutchshellplc.com/?p=97473 If Putin Sakhalin2 blackmail tactics were applied in Groningen Gas debacle negotiations was first posted on July 11, 2018 at 3:14 pm.
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Below is an English translation of a Dutch article published by the NRC last night. It suggests that Shell and Exxon are getting away with very good terms in regards to the financial fallout from the Groningen earthquake damage debacle. Basically Shell and Exxon are cleverer than the negotiators of the Dutch government. The article author Menno Tamminga makes the comparison ‘how would Putin have handled this’? With referral to Putin blackmail tactics used against Shell in the Sakhalin2 debacle.

During a documentary film segment, *Oleg Mitvol, the Russian Environmental Minister in 2006, confirmed what he has said before on the subject  of Sakhalin II i.e. that he obtained the leaked insider evidence from John Donovan that cost Shell its majority stake in the project (and many billions of dollars).

How did Putin close that gas agreement?

Wiebes and the cabinet are still the prisoner of agreements from 1963, when the Groningen gas started to flow. The last phase of gas extraction could have been the moment for a Putinic putsch.

Has nobody called Vladimir Putin? You can tell the Russian president what you want, but experience in negotiations with energy concerns – that’s what he has. He would have, if he had wanted it and if the cabinet had polled him (small chance, MH17) some tips on how you as a power of arms negotiate with Shell and ExxonMobil on the distribution of the costs and revenues of the Groningen gas.

But unfortunately. I do not see Putin’s hand anywhere. The outcome is a win-win for the oil giants. The national government pays a larger share of the costs and is satisfied with less income. This costs the treasury 1.65 billion euros in natural gas revenues up to and including 2022, Minister Wopke Hoekstra (Finance, CDA) wrote last week to the House of Representatives. Furthermore, the oil companies and the government put every 500 million euros in the economy of Groningen. But partly thanks to the new agreements, the oil companies actually pay only 135 million euros and the government 865 million.

Conclusion: Eric Wiebes, Minister of Economic Affairs and Climate (VVD), is an expensive negotiator.

How did Putin deal with this? In 2006 he got Shell with a lot of aplomb and under threat of the Russian state power the majority of the shares in Sakhalin II, a rich oil and gas field. Putin screened with 50 billion dollar claims for damages due to environmental violations. Russia paid for the share package that Shell and its Japanese partner gave. But that was more a contribution to costs incurred earlier than the value of future profits. Not that I want Mr Wiebes to recommend blackmail practices, but …

Also read this background story about Shell, NAM and Groningen: A line under the host era Wiebes and the cabinet are still the prisoner of agreements from 1963, when the gas started to flow. The national government, Shell and ExxonMobil can do nothing without each other. The NAM, the Dutch petroleum company, is their ‘tool’. The NAM has the knowledge and wins the gas. Shell and ExxonMobil are the owners of the NAM and wind up the profit with dividend. The government owns the gas and collects gas proceeds for the benefit of the treasury.

The final phase of gas production has now begun. That was the moment for a Putinous putsch. If the NAM claims more income, I can agree on one condition, Wiebes should have told the oil companies. You more money? Then I want more NAM. There will be a new NAM and the government will become a third owner. The new NAM takes over all the assets of the existing NAM, with the exception of the claims for damages. You promised to pay that, Wiebes should have said, so go ahead.

Do you still think of claims for damages because NAM has to stop gas production? Keep dreaming. The termination is normally a business risk. Everyone knew that gas extraction is finite, well: the end comes a little earlier. You did not think that your private interest was beyond the public interest of security in Groningen?

Oh, something else. Just like us, you put 500 million euros into Groningen’s economy via NAM. And 500 is 500 hè. These are not deductible costs or something. So not: say 500 million and do 135 million. That would be ridiculous.

And besides, you never guess who I had on the phone last week … Vladimir Putin. Yes, the man of Sakhalin II. He had a few sharp tips for me today. Man, man, what a guy. But yes, this is the Netherlands, not Russia. And I am not a Putin, but just Eric Wiebes. Just be happy with it. And like to draw there. At the cross.

Menno Tamminga writes about entrepreneurial policy and economy every Tuesday.

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If Putin Sakhalin2 blackmail tactics were applied in Groningen Gas debacle negotiations was first posted on July 11, 2018 at 3:14 pm.
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‘Pipeliners All!’ Shell’s memo to Sakhalin Workers http://royaldutchshellplc.com/2018/07/02/pipeliners-all-shells-memo-to-sakhalin-workers/ http://royaldutchshellplc.com/2018/07/02/pipeliners-all-shells-memo-to-sakhalin-workers/#respond Mon, 02 Jul 2018 10:54:45 +0000 http://royaldutchshellplc.com/?p=97363 ‘Pipeliners All!’ Shell’s memo to Sakhalin Workers was first posted on July 2, 2018 at 11:54 am.
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By John Donovan 

Exeter University has apologised for the publication of a motivational email quoting from an iconic German general, Erwin Rommel. The person responsible for its inclusion apparently did not know who Rommel was.

This reminds me of the time that David Greer, the then Deputy Chief Executive of Sakhalin Energy circulated a motivational email to his hard-pressed work force telling them in stirring military terms to work even harder.

Mr Greer made the mistake of plagiarising a D-Day landing speech to his troops made by another legendary World War 2 General, George Patton. 

I passed the email to the Financial Times. It ended up as a front page story. 

Greer was forced to resign. 

‘Pipeliners All!’ Shell’s memo to Sakhalin

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‘Pipeliners All!’ Shell’s memo to Sakhalin Workers was first posted on July 2, 2018 at 11:54 am.
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U.S. sanctions will not affect Nord Stream 2, German ministry says http://royaldutchshellplc.com/2018/06/30/u-s-sanctions-will-not-affect-nord-stream-2-german-ministry-says/ Sat, 30 Jun 2018 20:19:08 +0000 http://royaldutchshellplc.com/?p=97339 U.S. sanctions will not affect Nord Stream 2, German ministry says was first posted on June 30, 2018 at 9:19 pm.
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|By: , SA News Editor

 

  • Germany has been assured by the U.S. that any sanctions imposed on Russia will not affect construction of the Nord Stream 2 gas pipeline to bring Russian gas to Europe, says a spokesperson for Germany’s economy ministry.
  • The U.S. embassy in Berlin says there has been no change in policy, Reuters reports.
  • The Nord Stream 2 consortium, consisting of Russia’s Gazprom (OTCPK:OGZPY) and five European companies – Royal Dutch Shell (RDS.ARDS.B), BASF’s (OTCQX:BASFY) Wintershall, Engie (OTCPK:ENGIY), OMV (OTCPK:OMVJF) and Uniper (OTC:UNPPY) – last month started preparatory work in the Greifswald bay off Germany’s Baltic coast on a new twin pipeline that will double Russia’s export capacity of 55B cm to Germany.
  • Separately, Gazprom CEO Alexei Miller says the company can set a new gas export record of nearly 200B cm this year, up nearly 3% Y/Y, breaking last year’s record volume of 194.4B cm of gas to Europe and Turkey.

SOURCE

 

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U.S. sanctions will not affect Nord Stream 2, German ministry says was first posted on June 30, 2018 at 9:19 pm.
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