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Royal Dutch Shell: Here’s Why S&P Downgraded Credit Rating

By Muhammad Ali Khawar on Feb 2, 2016 at 6:49 am EST Standard & Poor’s (S&P) recently downgraded Royal Dutch Shell’s (ADR) (NYSE:RDS.A) credit rating from “AA-” to “A+,” as a result of the depressed crude environment. Since June 2014, crude oil prices have fallen more than 70%. The downgrade came just weeks after the […]

S&P downgrades Shell to A+/A-1; keeps door open to further downgrade

Commodities | Mon Feb 1, 2016 9:28pm GMT Credit ratings agency Standard and Poors on Monday downgraded oil major Royal Dutch Shell Plc to A+/A-1 from AA-/A-1+ and put its long-term credit rating on creditwatch negative citing sliding oil prices. S&P said Shell’s one-notch downgrade, driven by weaker forecasts for its credit metrics over 2016-2018 […]

Oil Rout Prompts Moody’s to Consider Shell, Total for Downgrade

Moody’s will also review the ratings of two U.S. refining joint ventures linked to Shell, Motiva Enterprises LLC and Deer Park Refining LP. By Mikael Holter and Rakteem Katakey: Bloomberg.com: 22 JAN 2016 Royal Dutch Shell Plc, Total SA and Statoil ASA, three of Europe’s biggest oil producers, were among more than 100 energy companies whose credit ratings […]

Shell attacked for its part in ‘extraordinary’ £2.3bn Nigerian tax break

Mark Leftly: 20 JAN 2016 Royal Dutch Shell has come under fire for being part of a consortium that accepted an “extraordinary” $3.3bn (£2.3bn) tax break in Nigeria – twice the poverty-stricken country’s annual health budget.   In a new report ActionAid estimated the consortium, which also includes France’s Total and Italy’s Eni, received this benefit […]

Oil Giants Start Losing Safety Net as Refining Margins Squeezed

Rakteem Katakey and Firat Kayakiran: Bloomberg.com: 19 JAN 2016 Refining profits that buttressed earnings for Exxon Mobil Corp. and Royal Dutch Shell Plc as crude prices plunged are now slumping, further pressuring all of the world’s biggest oil companies as they move into 2016. Global refining margins, the estimated profit from turning oil into gasoline and diesel, fell […]

Shell’s Earnings to Show Depth of Rout as Oil Extends Losses

Shell will on Wednesday become the first major oil producer to announce annual earnings as it enters the final stages of its plan to buy BG Group Plc in the industry’s biggest deal in years. Investors will scrutinize those preliminary numbers for signs Europe’s largest oil company is doing enough to justify the acquisition as […]

Shell denies Iranian report of Tehran visit

Jan 16 2016 Royal Dutch Shell on Saturday denied a report in Iranian media that it had sent representatives to Iran ahead of the expected lifting of international sanctions. Iran’s Mehr news agency had earlier reported that Shell and French oil major Total had sent executives to Tehran, and were due to meet officials from […]

Shell, Total representatives arrive in Tehran

Shell, Total representatives arrive in Tehran TEHRAN, Jan. 16 (MNA) – Representatives of several world’s oil giants have traveled to Iran on the verge of the removal of international sanctions. A few days before the cancellation of international sanctions against Iran, a number of the largest oil companies including the Anglo-Dutch Royal Dutch Shell company […]

Can 2015’s Laggard Royal Dutch Shell Plc Snap Back Next Year?

I believe that Shell still has much further to fall. By Royston Wild – Tuesday, 8 December, 2015 It has been a few months in coming, but crude oil prices finally crashed to fresh nadirs at the start of this week. The Brent benchmark toppled all the way back to within a whisker of $41 […]

Shell Has Underperformed, But It Could Be The Only Oil Major That Emerges Bigger From The Downturn

…the company’s profits plummeted 70% from last year to $1.77 billion… Sarfaraz A. Khan: Sunday, Dec 6, 2015 Summary The oil major Royal Dutch Shell is closing in on its biggest-ever merger with the UK based oil and gas producer BG Group. Shell has been the worst performing stock in its peer group and now […]

BP plc, Royal Dutch Shell and Others up in Arms against Coal

By Micheal Kaufman on Dec 2, 2015 Environmentalists are winning the race against energy companies, as the world tries to adopt environmental-friendlier ways of energy generation. World leaders from over 19 countries and prominent personalities such as Bill Gates and Mark Zuckerberg are at the UN Climate Summit in Paris, which has been ongoing from […]

EU Directive: safety of offshore oil and gas operations

DIRECTIVE 2013/30/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 12 June 2013 on safety of offshore oil and gas operations and amending Directive 2004/35/EC The above EU Directive (available in many languages, including Dutch) may be of assistance to people around the world who are concerned about the operations of European oil companies.  […]

Oil Majors Queue in Iran as $30 Billion of Projects in Play

by Golnar Motevalli, Anthony Dipaola and Hashem Kalantari: November 28, 2015: Bloomberg.com Shell, Total, Lukoil interested in specific Iranian fields Iran seeks to sign first oil development deal in March, April Total SA, Royal Dutch Shell Plc and Lukoil PJSC are among international companies that have selected oil and natural gas deposits to develop in Iran as the holder […]

Shell Oil Co. president touts carbon tax over piecemeal regulations

Posted on November 10, 2015 | By Jordan Blum A carbon tax or cap-and-trade system in the U.S. — and globally — would serve the energy industry better than the current slate of piecemeal state and federal regulations, Shell Oil Co. President Marvin Odum  said Tuesday. He acknowledged that Congress won’t take action soon in […]

Big Oil Gears Up For $60 Break-even Price As Profits Sink

Gaurav Sharma: OCT 31, 2015 The latest quarterly results season is receding into the accounting archives, with BP, Royal Dutch Shell, Chevron and the keenly anticipated numbers of Exxon Mobil now with us. That lower oil prices continue to dent profits at the world’s biggest oil companies is no longer news. Figures on their often unloved […]

Big Oil Is a Buy as Cutbacks Pave Way for Recovery

by Rakteem Katakey and Angelina Rascouet: Oct 20, 2015 Shell has highest percentage of buy ratings in three years Third-quarter earnings seen marking low point before rebound Energy companies are finally starting to come back into favor. After enduring the longest oil-price collapse in more than a decade, crashing profits and an investor exodus, Europe’s biggest producers are […]

Big Oil’s Murky Climate

Big Oil truly is facing a conundrum of biblical proportions Liam Denning: Bloomberg.com: October 16, 2015 Big Oil is getting religion — sort of. Ten major oil companies including Royal Dutch Shell, BP and Saudi Aramco declared on Friday that they totally get the climate change thing and would support measures aimed at preventing it.  […]

BP plc, Royal Dutch Shell And Others Declare Joint Action On Climate Change

By: Micheal Kaufman: Oct 16, 2015  Global warming over the past few years has become a major issue. Companies around the world keep on pumping and burning record levels of conventional fossil fuels. Burning of fossil fuels leads to carbon emissions, which are highly detrimental for the environment. Activists have now have taken a stern hand […]

Shell Starts Nigeria Offshore Expansion of Up to 50,000 Barrels

Rakteem Katakey: Bloomberg.com: 5 Oct 2015 Bonga phase 3 oil passes through floating production facility Shell has 55% of Bonga, Exxon 20%, Total, Agip 12.5% each Royal Dutch Shell Plc expanded oil production off Nigeria’s coast by starting the third phase of its Bonga field.  That phase has a peak production capacity of about 50,000 […]

Here’s How Royal Dutch Shell plc And BP plc Will Be Impacted By A Weak Chinese Economy

Bidness Etc discusses how European oil majors are impacted by the slowdown in the Chinese economy By: Micheal Kaufman: Sep 25, 2015 The slowing Chinese economy has impacted the overall world economy and various other sectors. According to a Moody’s Investor service report EMEA (Europe, Middle East, and Africa)’s mining sector is totally exposed to the […]

Iran to allow construction of 100 Total and Shell gas stations

18 Sept 2015 Total and Shell have been given the green light to build 100 gas stations across Iran in the near future, after approval by government officials. This will be the first time foreign branded gas stations will operate in the country. The 100 gas stations, which also received the approval from Bijan Haj […]

How to Invest in Arctic Developments After Obama’s Alaska Trip

Arctic developments have great potential, but are they worth the risks? By Debbie Carlson: Sept. 7, 2015 As climate change melts some of the Arctic’s permafrost, natural resource companies and shippers are eyeing the potential to develop a region that is receiving renewed public attention from President Barack Obama’s trip to Alaska. According to global management […]

Exxon Mobil Corporation, Chevron Corporation, BP And Royal Dutch Shell Face Challenging Dividend Environment

Bidness Etc sheds light on the challenges for companies like Exxon, Chevron, BP, Royal Dutch Shell, and Total SA in sustaining dividend payouts amidst depressed crude oil prices By: MICHEAL KAUFMAN: Sep 1, 2015  Crude prices have dropped more than 50% since the highs of June last year, following weak Chinese demand and a global supply […]

Market Rout

Oil’s slump has been brutal. More than half a trillion dollars of value has been wiped from the five biggest international oil companies — Exxon, Shell, Chevron, Total and BP — since mid-June last year. Rakteem Katakey: August 26, 2015: BLOOMBERG.COM Shares of the largest oil companies have slumped so low it suggests investors expect […]

Chevron Corporation, Royal Dutch Shell Plc & Other Oil Co.s Have Lost $1.3 Trillion Since Last Year

By: MICHEAL KAUFMAN: Aug 5, 2015 As the global benchmark of crude, Brent currently hovers around $50 per barrel. Meanwhile, the oil and gas industry has lost $1.30 trillion of its value this year, and this eroded value equals the annual gross domestic product (GDP) of Mexico. The combined market capitalization of 157 listed oil and […]

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 to Strengthen Russian Hand Through Gazprom Asset Swap

by Rakteem Katakey: August 3, 2015: BLOOMBERG.COM Royal Dutch Shell Plc will swap a stake in one of its international energy assets for part of Gazprom PJSC’s Sakhalin-3 project as Europe’s biggest oil company extends ties with Russia. The companies are discussing which asset would be offered to Gazprom, Shell Chief Executive Officer Ben Van Beurden […]

Shell to Cut 6,500 Jobs, Reduce Investment by $7 Billion

By Rakteem Katakey: July 30, 2015″ BLOOMBERG.COM Royal Dutch Shell Plc, the oil producer buying BG Group Plc for more than $70 billion, said it plans to cut 6,500 jobs this year and reduce capital investment by $7 billion. Shell is planning for a “prolonged downturn,” the company said Thursday in a statement. Its dividend commitment […]

Big oil to sharpen focus on costs after $200bn of cuts

Europe’s biggest oil companies have to find deeper cuts as oil prices expected to weigh on earnings By Andrew Critchlow, Commodities editor: 27 July 2015 Three of Europe’s biggest oil companies will report weaker earnings this week and the City is looking for guidance on how to mitigate a sustained slump in Brent crude prices […]

Shell Executives Visit Tehran for Projects If Sanctions End

by Javier Blas 24 June 2015 Royal Dutch Shell Plc executives have visited Tehran to discuss possible partnerships, the latest sign that the largest oil companies are serious about returning to Iran once a deal on the country’s nuclear program is done. The meeting with Iranian officials covered its outstanding debt to National Iranian Oil Co. […]

How the European Oil Industry Decided to Save the Climate

By Javier Blas: June 23, 2015 By the time the convention chat turned into action, Royal Dutch Shell Plc, BP Plc, Total SA, Eni SpA, Statoil ASA and BG Group Plc published an unprecedented open letter on climate change. Breaking with their biggest U.S. competitors, they announced their support for efforts to put a cost […]

Iran Welcomes Shell, BP, Total and American Oil Companies

Iran Welcomes Shell, BP, Total and American Oil Companies Dr. Majid Rafizadeh Become a fan: President of the International American Council: 14 June 2015 “Royal Dutch Shell PLC, which owes the Islamic Republic an outstanding debt of more than $2 billion, has been talking about repaying Iran after the nuclear deal is signed, and consequently the […]

Nigerian auditors find NNPC failed to remit $11.6 bil in LNG export revenue

Nigerian auditors find NNPC failed to remit $11.6 bil in LNG export revenue NNPC holds 49% equity in NLNG on behalf of the Nigerian government, with partners Shell (25.6%), Total (15%) and ENI (10.4%.) 11 June 2015 State-owned Nigerian National Petroleum Corporation has not remitted $11.6 billion in dividends and loan and interest repayments earned […]

Shell, BP Openly Admit Iran Interest on Possible Atomic Deal

Article by Javier Blas and Angelina Rascouet published 3 June 2015  by Bloomberg.com European oil majors are for the first time openly declaring interest in Iran in anticipation of a possible end to sanctions against the country over its nuclear program. Leaders of Royal Dutch Shell Plc, BP Plc and Total SA all said Wednesday they were ready […]

Big Oil’s Plan to Become Big Gas

Article by Rakteem Katakey published 2 June 2015 by Bloomberg.com Shell CEO Ben Van Beurden…. said his company has changed from “an oil-and-gas company to a gas-and-oil company.” Oil companies that have pumped trillions of barrels of crude from the ground are now saying the future is in their other main product: natural gas, a fuel they’re […]

European Big Oil Opens Schism on Climate With U.S. Rivals

Article by Tara Patel and Javier Blas published 1 June 2015 by Bloomberg.com  The heads of Europe’s largest oil and gas companies joined together for the first time to call for governments to agree on carbon pricing at a United Nations climate summit, opening a schism with their American rivals. “It’s clear that the subject isn’t viewed in the […]

Shell and BP call for international carbon pricing deal

Oil majors are pushing for scheme to limit emissions as they face growing criticism surrounding global warming By Andrew Critchlow, Commodities editor: 01 Jun 2015 Europe’s biggest oil companies, including Royal Dutch Shell and BP, have written an open letter calling for a binding global system of carbon trading in a bid to head off climate […]

Royal Dutch Shell, BP plc Seek UN Support Over Carbon Pricing

By: MICHEAL KAUFMAN: Published: Jun 1, 2015 Major oil exploration and production companies in Europe are coming together to seek the United Nations’ support for the first time, in putting forward a plan that will apply brakes to global warming. As pressure mounts on oil companies over concerns of climate change, company executives have moved […]

Big Data In Big Oil: How Shell Uses Analytics To Drive Business Success

By Bernard Marr:  26 May 2015 The oil and gas industries are facing major challenges – the costs of extraction are rising and the turbulent state of international politics adds to the difficulties of exploration and drilling for new reserves. In the face of big problems, its key players are turning to Big Data in the hope […]

Oil company bosses’ bonuses linked to $1tn spending on extracting fossil fuels

Bosses at the world’s big five oil companies have been showered with bonus payouts linked to a $1tn (£650bn) crescendo of spending on fossil fuel exploration and extraction over nine years, according to Guardian analysis of company reports. FULL ARTICLE

Oil Price Fixing

FROM A REGULAR CONTRIBUTOR Campaigns by or on behalf of Shell It’s interesting that we have campaigns (one fronted by BP, but backed by Shell, and the other fronted by Shell’s lawyers, de Brauw) which will have the effect of avoiding regulation of oil trading activities, and will also decriminalise fraud for companies in Holland. […]

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 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 profits beat expectations on refining boost

Shell profits beat expectations on refining boost: Business | Thu Apr 30, 2015 7:26am BST (Reuters) – Royal Dutch Shell on Thursday reported a lower than expected 56 percent drop in first quarter net income at $3.2 billion (2 billion pounds), as refining and trading profits offset a decline in earnings from oil and gas […]

Oil Prices Decline Forces Royal Dutch Shell And Total To Postpone West Africa Offshore Projects

Bidness Etc looks at Royal Dutch Shell and Total SA’s West Africa projects and why the projects are facing delays By: MICHEAL KAUFMAN: Apr 28, 2015 The decline in global oil prices has led to a downturn in the energy industry, with oil companies being forced to take drastic steps to address the situation. One of […]

Will Royal Dutch Shell Be Able To Successfully Integrate BG Group plc In Its Fold?

Bidness Etc takes a look at challenge facing Shell as it incorporates BG Group in its fold By: MICHEAL KAUFMAN: Published: Apr 27, 2015 at 1:45 pm EST Royal Dutch Shell plc (ADR) (NYSE: RDS.A) $70 billion acquisition of BG Group plc (ADR) (OTCMKTS: BRGYY) is a first of such magnitude for the Hague-based oil company. […]

Fracking lobby calls the tune on commission shale-gas panel

An article by PASCOE SABIDO, PUBLISHED BRUSSELS, TODAY, BY EUOBSERVER.COM 2015 is a big year for climate in Europe: the UN talks in Paris, this December; the implementation of the EU’s 2030 climate targets; mapping out the Energy Union. Judging by the European Commission’s public statements, one would think the EU was firmly on its […]

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

Oil firms face further cuts as low prices linger

Oil firms face further cuts as low prices linger Commodities | Fri Apr 24, 2015 12:23pm BST * Big oil using spending cuts to increase efficiency * Q1 earnings set to drop by more than 50 pct, tracking oil price * Strong refining margins set to continue By Ron Bousso LONDON, April 24 (Reuters) – […]

How The Majors Are Playing The Oil Price Slump

Article by Nick Cunningham published 22 April 2015 by OilPrice.com How The Majors Are Playing The Oil Price Slump The largest oil and gas companies are employing different strategies to weather the downturn and plan for the future. Each strategy has its risks, and not all may work out. Which companies will emerge stronger after […]

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