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Posts under ‘Sakhalin II’

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 […]

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 […]

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 […]

ROYAL DUTCH SHELL PLC AND RUSSIA: BUSINESS AS USUAL

By John Donovan Shell CEO Ben van Beurden was straightforward in what he publicly stated at the 2014 AGM of Royal Dutch Shell Plc. He said that Shell puts the interests of its shareholders first, above any geopolitical considerations. That is his excuse for Shell’s dealings with evil regimes in Iran and Russia, irrespective of […]

Shell Leaves Business Strategy for Russia Unchanged Despite Sanctions

British oil giant is determined to continue its work in Russia and will not change its business strategy in the country, despite the sanctions imposed against Moscow by the United States and European Union, representative of Shell’s press service told RIA Novosti on Friday. MOSCOW, July 25 (RIA Novosti) – British oil giant is determined […]

The world is being held hostage

Extract from a NewsDay article by MARTIN SCHRAM published 23 July 2014 by McClatchy-Tribune News Service under the headline: “Schram: The world is being held hostage” Europe’s shame could be seen as a retreat inside its own protective Shell – in this case, Shell Oil, the huge Dutch-British oil company. Shell has vast gas investments in […]

Europe fails to impose tough sanctions on Russia

Extract from a Seeking Alpha article published 23 July 2014 EU foreign ministers failed to impose any tough sanctions against Russia during a meeting of the bloc’s foreign ministers yesterday, NYT reports. Dependent on Russia’s energy and wary of confrontation, Europe’s leaders have largely decided they will have to live with a newly assertive Russia. […]