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Posts under ‘Simon Henry’

Royal Dutch Shell Is Now A 7.54% Dividend Yield Monster

Aug. 24, 2015 6:45 PM ET Summary Stock market downturn takes Shell’s dividend yield to an astonishing 7.54%. The dividend looks reasonably safe. High initial yield but little growth expected in coming years. Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) doesn’t need an introduction. This Anglo-Dutch multinational is one of the largest, integrated oil & gas majors […]

HSA refers Corrib tunnel death investigation to DPP

Lorna Siggins: Thu, Aug 6, 2015 Health and Safety Authority has referred the findings of its investigation into the death of a German national in the Corrib gas tunnel almost two years ago to the Director of Public Prosecutions (DPP). The authority confirmed to The Irish Times yesterday that it has completed its investigation into […]

Ross Hunter – a curious choice to count the beans at Royal Dutch Shell Plc?

Strange article in the Prufrock column of The Sunday Times published 2nd August 2015 KEEPING the books for a £200bn behemoth is an endlessly taxing task. Just ask Simon Henry, Royal Dutch Spell’s finance director, who last week unveiled a plunge in profits of almost 40%. Thankfully, he can call on exemplary advice to help keep track of […]

Shell’s Dividend Pledge: Solid Or Empty Promise?

One cannot but admire CEO Ben van Beurden for his courage… August 4, 2015 Summary Royal Dutch Shell is dead serious about protecting future dividend payments. CEO Van Beurden committed himself to paying attractive dividends in the next two years. Although I am impressed by Shell’s massive cost reduction plans and the slash in investments, […]

Shell toughens local project hurdles

Matt Chambers: Resources Reporter: Melbourne: 31 July 2015 Oil major Shell has laid down tougher hurdles for its Australian projects including Browse LNG off Western Australia and Arrow coal-seam gas in Queensland. It has cut the oil price at which new projects need to go ahead and flagged a major LNG project ­pipeline overhaul if its planned […]

Shell, Eni say look to return to Iran

Fri Jul 31, 2015 Royal Dutch Shell and Italy’s largest oil producer Eni say they are looking to return to projects in Iran’s upstream oil and gas sectors.  “For us, (Iran) is a huge gas province so it would be good to be there — in conventional gas — at the right terms,” Shell’s financial […]

Shareholders should demand that Shell’s activities in the Arctic be stopped

By a Regular Contributor Hopefully, Shell will soon accept that in the US Arctic their position is now untenable… If RDS wants to cut capex (and exposure), FLNG is a good place to start, as Simon Henry suggested yesterday. The Arctic should be next.  The Arctic is rapidly acquiring a similar profile to the Brent […]

Royal Dutch Shell signals Browse FLNG go-ahead far from certain for 2016

By Angela Macdonald-Smith: Jul 30 2015 Royal Dutch Shell has signalled that a final go-ahead next year for the Browse floating liquefied natural gas project in Western Australia is far from a certainty given the cost challenges of the venture in the depressed oil price environment. Chief financial officer Simon Henry listed Browse among several large international […]

Royal Dutch Shell expects to save “billions” through BG Group deal

Royal Dutch Shell has told investors that the massive £55bn takeover of BG Group will produce “billions” in savings. Projected savings from cost reductions verifiable under takeover rules, such as merging headquarters, come to about £1bn, but the company has said that savings are actually likely to be a “multiple” of this, because of “value […]

Shell pressing ahead in Chukchi after setbacks

Explorers 2015: Shell pressing ahead in Chukchi after setbacks Company is mobilizing fleet after three-year hiatus, still waiting for final approval of exploration plan Eric Lidji For Petroleum News: 7 June 2015 After a tiny step forward and many large leaps backward, Royal Dutch Shell plc is once again planning to explore its Burger prospect in […]

Shell CFO Expects Oil Rebound as Shale Fails to Fill Supply Gap

Article by Firat Kayakiran and Jonathan Ferro published 3 June 2015 by Bloomberg.com Royal Dutch Shell Plc sees oil prices increasing because supply from shale drilling in the U.S. won’t be enough to meet increasing global demand. The industry needs to find an additional 4 million barrels to 5 million barrels a day of supply every year to […]

Shell Names China Boss To Key BG Merger Post

Huibert Vigeveno is to lead the integration of FTSE-100 giants Shell and BG after their mega-merger, Sky News learns. By Mark Kleinman, City Editor: Thursday 28 May 2015 The head of Royal Dutch Shell’s operations in China is to spearhead the oil major’s integration with BG Group as the industry’s biggest-ever takeover inches forward. Sky News […]

Shell’s Alaska Return Shows Arctic Drilling Defying Slump in Oil

Article by Rakteem Katakey and Mark Drajem published 12 May2015 by Bloomberg.com Royal Dutch Shell Plc’s plan to return to the Arctic this year shows exploration in one of the world’s most remote regions is proving resilient against the slide in crude prices. The U.S. Interior Department on Monday endorsed Shell’s plan to have two rigs drill as […]

Shell Canada: Carmon Creek oilsands project faces two-year delay

DAN HEALING, CALGARY HERALD: Published on: May 8, 2015 Royal Dutch Shell says first oil production from its 80,000-barrel-per-day Carmon Creek thermal oilsands project northeast of Peace River in northern Alberta will be delayed for two years until 2019. The project was sanctioned by the company in October 2013 and estimated by analysts at the time […]

Shell, Total align trading and refining units to drive profit growth

By Dmitry Zhdannikov and Ron Bousso: 1 May 2015 Shell, Total align trading and refining units to drive profit growth * Shell, Total restructure to combat falling oil prices * Refinery profits also under pressure from competition * Oil firms fighting off challenge from trading houses LONDON, May 1 (Reuters) – Top oil firms Royal […]

Shell signals it will accelerate retreat from the North Sea

Article by Mark Williamson published Friday 1 May 2015 Shell signals it will accelerate retreat from the North Sea THE finance chief of Royal Dutch Shell has signalled the oil and gas giant will accelerate its retreat from the North Sea, saying the area faces a difficult future unless costs and uncertainties are reduced. Simon […]

Nigeria: Shell Rules Out Divestment in Nigeria, Others This Year

Article by Daniel Adugbo published 1 May 2015 by AllAfrica.com Shell Rules Out Divestment in Nigeria, Others This Year Royal Dutch Shell said yesterday it had reduced its expected 2015 capital expenditure (capex) to $33 billion from $35 billion as the company continues to adjust its business to the lower oil-price. Releasing its first-quarter results […]

Shell’s Simon Henry won’t rule out write-down on Arrow LNG in Queensland

Article by Angela Macdonald-Smith: Energy Reporter, The Sydney Morning Herald: 1 May 2015 Royal Dutch Shell has declined to rule out a write-down of its multibillion-dollar investment in its Arrow Energy natural gas venture in Queensland, depending on decisions taken to develop the gas after the oil major’s $US92 billion ($116.62 billion) takeover of BG Group. Chief […]

Shell defends BG takeover as oil trading helps it overcome slump in crude price

BY MARCUS LEROUX: FRIDAY 1 MAY 2015 Royal Dutch Shell’s main investors have questioned the oil company’s £45 billion takeover of BG Group, the company conceded yesterday. As it announced first-quarter results that beat even the most optimistic of City forecasts, Shell said that it had visited most of its main shareholders to explain the […]

Shell Prepares Armada to Begin Arctic Exploration

Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups. The Anglo-Dutch oil major is preparing “an armada of 25 vessels” to begin a two-year program to explore two to three wells in the Chukchi Sea off the coast of Alaska, Chief Financial […]

Energy earnings run dry in Americas

FT: Energy earnings run dry in Americas By Ed Crooks, Christopher Adams and David Crouch ExxonMobil and ConocoPhillips of the US on Thursday reported that they lost money on oil and gas production in their home country in the first quarter. Meanwhile, Royal Dutch Shell disclosed a $1.1bn loss at its upstream exploration and production […]

Shell cuts 2015 capex, sees downstream downturn

Shell cuts 2015 capex, sees downstream downturn London (Platts)–30 Apr 2015 * Capex reduced by more than $2 billion * Decision on Majnoon development pushed back to 2017 * CFO says refining margins already worsening Shell said Thursday it had reduced its expected 2015 capital expenditure to $33 billion from previous guidance of a little […]

Shell pushes on with Arctic exploration as it awaits U.S. permit

Business | Thursday Apr 30, 2015  Shell pushes on with Arctic exploration as it awaits U.S. permit (Reuters) – Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups. The Anglo-Dutch oil major is preparing “an armada of 25 vessels” […]

BG Deal to Test Shell’s Integration Skills

Article by JUSTIN SCHECK And SARAH KENT published April 26, 2015 by The Wall Street Journal BG Deal to Test Shell’s Integration Skills LONDON—With its $70 billion deal to buy BG Group PLC, Royal Dutch Shell PLC will attempt something altogether new for the 108-year-old energy giant: absorbing a huge company. FULL ARTICLE

Shell Will Buy BG for $70 Billion in Push for Gas Dominance

by Javier BlasRakteem Katakey for Bloomberg.com Royal Dutch Shell Plc agreed to buy BG Group Plc for about 47 billion pounds ($70 billion), making Europe’s largest oil company the pre-eminent player in global natural gas and adding fields in Brazil. The deal, the industry’s biggest in at least a decade, will push Shell further into producing, […]

Interior approves updated OCS Lease Sale analysis, clears one hurdle for Shell

Article by Tim Bradner published 31 March 2015 by The Alaska Journal of Commerce: Interior approves updated OCS Lease Sale analysis, clears one hurdle for Shell The U.S. Interior Department published a long-awaited Record of Decision Tuesday on a contested 2008 Arctic offshore lease sale that had blocked Shell Oil’s exploration plans on leases it […]

Shell CEO’s total pay soars to $25.7 mln

Thu Mar 12, 2015 8:09am EDT (Reuters) – Royal Dutch Shell Chief Executive Ben van Beurden will earn a total 24.2 million euros ($26 million) for 2014, making him one of the highest-earning FTSE 100 bosses despite last year’s sharp fall in oil prices. Van Beurden’s total pay includes 5.6 million euros in salary, bonus […]

Port of Seattle hosts Shell’s Arctic drilling fleet

From an article by Joe Connelly published 11Feb 2015 by Seattlepi.com under the headline: Port of Seattle quietly signs homeport lease for Shell’s Arctic drilling fleet Extracts The Port of Seattle has quietly inked a two-year lease under which Shell Oil will use Terminal 5 on the Seattle waterfront as the base for its efforts […]

SEC continuing to scrutinise Shell’s claimed oil reserves

By John Donovan A letter emailed to Royal Dutch Shell Plc Chief Executive Officer, Ben van Beurden, on 23 Oct 2014, from the U.S. Securities & Exchange Commission, asked why Shell had omitted to supply in a Form 20-F filing, figures for Shell’s share of Kashagan proved undeveloped reserves. Shell’s partners in the much troubled Kashagan oil […]

Arctic Standards Won’t Be Ready For Shell’s Return

From an article by Liz Ruskin, Alaska Public Media: February 2, 2015 “Arctic Standards Won’t Be Ready For Shell’s Return” After Shell’s troubled 2012 drilling season in the far north, the Interior Department began working on Arctic-specific standards for offshore drilling. But those new standards aren’t done yet. Interior Secretary Sally Jewell says they won’t […]

BIG OIL: Who will blink first to set the M&A scramble in motion

With more than $110 billion of oil and gas assets on the block as companies big and small count the cost of the collapse in oil prices, it is now a question of who will blink first to set the M&A scramble in motion. Article published by Reuters 30 Jan 2015 under the headline: Buyers […]

Shell BP Mega Merger: Fact, or extremely well informed conjecture?

It was this article, followed by the oil price crash, which led to the growing speculation about a Shell BP Mega Merger. By a confidential contributor. Shell BP Mega Merger: Fact, or extremely well informed conjecture? …its a typical dark, smoke-filled room where two teams of senior people – top echelon, Board level types, not […]

Shell’s spectacular belly flop into the Arctic Ocean

Even more troubling than Shell’s “Arctic-ready” armada problems is Shell’s spectacular failure of good judgment. To avoid an Alaska tax bill, company managers ordered its secondary drill rig towed south through the winter storm-lashed Gulf of Alaska despite the tug master’s prescient warning that: “the length of tow, at this time of the year, in […]

U.S. Justice Department Chilling Verdict on Shell Arctic Drilling Company

Department of Justice Office of Public Affairs Monday, December 8, 2014 Drilling Company Charged with Environmental and Maritime Crimes in Alaska Noble Drilling (U.S.) LLC was charged with environmental and maritime crimes for operating the drill ship Noble Discoverer and the drilling unit Kulluk in violation of federal law in Alaska in 2012, the Department […]

Shell contractor faces $12.2M in environmental crime fines

The drilling operator of Shell’s ill-fated drill rig that ran aground south of Kodiak Island will plead guilty to eight felony offenses and has agreed to pay $12.2 million in fines and community service payments stemming from environmental and safety violations aboard its vessels, the U.S. Department of Justice said Monday. Alaska Dispatch News article […]

Drilling in Alaskan Arctic relatively easy said Shell VP before being fired

By John Donovan According to a recent article published by Bloomberg – Shell Seeks to Drill in Arctic in 2015, Defying Green Activists – Shell CFO Simon Henry, calling on all his vast experience as an accountant, voiced the opinion that it is not difficult to drill in the Arctic. His assessment is surprisingly similar […]

Shell hypocrisy on climate issues

“I didn’t know Shell was sponsoring this conference when I agreed to do it, but I’m glad for the chance to say in public that Shell is among the most irresponsible companies on earth. When they write the history of our time, the fact that Shell executives watched the Arctic melt and then led the […]

Shell’s Simon Henry says its not difficult to drill in the Arctic Seas

How reassuring. According to a Bloomberg article, Simon Henry, a mathematician, accountant, and the Chief Financial Officer of Royal Dutch Shell Plc, has stated in relation to drilling for oil in Arctic seas,  off Alaska – “Its not that difficult to drill up there.” The long term bean counter is also quoted as saying “Thirty […]

Royal Dutch Shell Plc News Roundup Sat 4 Sept 2014

Royal Dutch Shell Plc CEO Ben van Beurden says he can’t deny returns are too low By John Donovan Mixed fortunes for Shell in the last few days.  Ben van Beurden says he can’t deny returns are too low Royal Dutch Shell CEO Ben van Beurden has admitted to the Wall Street Journal that he […]

Chevron Cancels Bulgaria Fracking, Shell Postpones Ukraine Plans

Extracts from a CorpWatch article by Richard Smallteacher publish 12 June 2014 Fracking for oil and gas across Europe has suffered a series of setbacks with Chevron closing its offices in Sofia, Bulgaria, and Shell postponing fracking plans in the Ukraine by at least two years. Meanwhile the French government is standing firm in its […]