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Posts under ‘Shell’

Many predicting oil prices as low as $40 per barrel

With the oil market appearing set to endure worsening fundamentals over the next few years at least, shareholders could see dividends at Shell come under severe pressure once again. FROM AN ARTICLE BY ROYSTON WILD PUBLISHED BY THE MOTLEY FOOL ON MON 15 DEC 2014 Headline: Is Royal Dutch Shell Plc Really Robust Enough To […]

Talk of Shell BP tie-up to create £200bn world leader

After a solid 10 hours locked in secret briefings at the Langham Hotel in London this week, 100 of BP’s top investors emerged into the crisp winter evening air to the grim news that oil prices had sunk to a new five-year low. From an article in The Sunday Telegraph 14 December 2014 by Andrew […]

Evil repercussions of Kiobel v. Royal Dutch Petroleum U.S. Supreme Court Decision

Plaintiff Esther Kiobel (L) joins a protest against Royal Dutch Shell Petroleum in front of the U.S. Supreme Court in Washington October 1, 2012. REUTERS/Gary Cameron By John Donovan Yesterday, Reuters published an article about the legal repercussions in the USA from the landmark decision in 2013 by the U.S. Supreme Court in the famed Kiobel v. […]

Leaked BP CEO Internal Memo

It’s completed about $43 billion of asset sales since the 2010 oil spill in the Gulf of Mexico. The offshore disaster has cost London-based BP more than $28 billion in clean-up costs and damages, and the company is still fighting legal battles on multiple fronts. BLOOMBERG NEWS ARTICLE BP Chief Says Company Must Slim Down […]

WILL BP BE ABLE TO SURVIVE?

By: MICHEAL KAUFMAN Published: Dec 11, 2014 at 4:50 pm EST The operating cashflow for BP plc (ADR) (NYSE:BP) is expected to grow 5.3% between 2014 and 2017. BP is slightly above Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) growth rate of 4.1%.There have been several factors that have contributed to low expected growth for the […]

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 […]

Donovan Verdict on Shell/Noble Arctic Crimes

By John Donovan People who are as familiar with Shell as I am, will know that Noble Drilling has stepped forward on commercial grounds to take the blame for the reckless screw-up that was actually directed by Shell, partly to evade tax. This was why Lawrence of Alaska (David Lawrence, the Shell VP supposedly responsible […]

Greenpeace Verdict On Shell/Noble Arctic Crimes

Greenpeace Arctic campaigner, Ian Duff, has issued the following statement: “Shell has proven time and again it can’t be trusted to manage its contractors safely. That Shell engaged Noble Drilling, a company now guilty of eight felonies, is the clearest indicator yet. Letting Shell back into such a precious and risky environment as the Arctic […]

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 […]

Royal Dutch Shell BP Plc

What’s next for Royal Dutch Shell? Is a multi-billion merger with BP just around the corner? Article by Alessandro Pasetti published by The Motley Fool 8 Dec 2014 What’s next for Royal Dutch Shell? Is a multi-billion merger with BP just around the corner? Takeover rumours in the oil industry often emerge when oil prices weaken, […]