Royal Dutch Shell plc .com Rotating Header Image

Posts under ‘Shell’

Shell divests non-core shale acreage in Western Canada for total consideration of US$1 billion


Oct 20, 2016, 17:26 ET

CALGARY, Oct. 20, 2016 /PRNewswire/ – Royal Dutch Shell plc, through its affiliate Shell Canada Energy (“Shell”) today announced it has agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp. for a total consideration of approximately $1,037 million (C$1,369 million). The consideration is comprised of $758 million in cash and Tourmaline shares valued at $279 million. Subject to regulatory approvals the transaction is expected to close in the fourth quarter of 2016.

read more

Court fixes date for FG’s suit against Shell over $406.7m crude oil theft


Court fixes date for FG’s suit against Shell over $406.7m crude oil theft


By NAN   |   20 October 2016   |   11:36 am

A Federal High Court in Lagos on Thursday fixed Dec. 8 for the hearing of a suit filed by the Federal Government against Shell Western Supply & Trading Ltd over alleged 406. 75 million crude oil theft.

The suit no. FHC/L/CS/336/16 was filed by FG’s Counsel, Prof. Fabian Ajogwu (SAN) before Justice Mojisola Olatoregun.

Defendants in the suit are Shell Petroleum Development Company of Nigeria Ltd and its subsidiary — Shell Western Supply & Trading Ltd.

read more

Shell selling 16 upstream assets worth more than $500 mln



cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgRoyal Dutch Shell is currently offering 16 assets worth more than $500 million for sale as part of its vast $30 billion three-year asset sales programme, the oil and gas company’s head of upstream Andy Brown said on Wednesday.

The Anglo-Dutch company launched the programme to reduce its debt following the acquisition of BG Group earlier this year. Uncertainty over the future oil price has led to a sharp slowdown in deal making in the sector in recent years.

“There are 16 assets currently in the market that are above $500 million in value,” Brown told the Oil and Money conference in London.

read more

Son of Nigeria’s Ken Saro-Wiwa dies


screen-shot-2016-10-19-at-10-26-1719 October 2016

The son of renowned Nigerian environmental activist Ken Saro-Wiwa, who was executed more than 20 years ago, has died in London.

Ken Saro-Wiwa Jr, 47, passed away after suffering a stroke, his family say.

He was a journalist who became a presidential adviser.

The 1995 execution of his father by a military government for leading protests against environmental degradation caused by the oil industry sparked global outrage.

Saro-Wiwa Sr led the Movement for the Survival of the Ogoni People (Mosop), which accused oil multinational Shell of destroying the environment in his home region of Ogoniland in south-eastern Nigeria.

read more

Fitch: Batteries could be key disruptor to oil industry in “investor death spiral”


Oct 18 2016, 12:45 ET | By: Carl Surran, SA News Editor

Oil producers such as ExxonMobil (NYSE:XOM), Chevron (NYSE:CVX) and Royal Dutch Shell (RDS.A, RDS.B) must prepare for radical change as adoption of new technologies like electric cars could happen faster than originally anticipated, according to a new report from Fitch Ratings.

“Widespread adoption of battery-powered vehicles is a serious threat to the oil industry,” and an acceleration of the electrification of transport infrastructure could create an “investor death spiral” as investors flee the oil patch, Fitch warns.

read more

How electric cars could smash BP plc and Royal Dutch Shell plc



By Harvey Jones – Tuesday, 18 October, 2016

Investors in UK-listed oil giants (LSE: BP) and Royal Dutch Shell (LSE: RDSB) have been paying close attention to the oil price because they know that unless it climbs higher, their juicy 7%-plus dividend yields will be in jeopardy. However, they need to look to more distant horizons, because even if the oil price does climb a little higher this year, the long-term outlook is mixed.

Golden years

I’ve always thought ‘black gold’ to be a rather daft a description for oil, given that gold has few practical uses but the global economy runs on crude. However, that may not always be the case, due to the rise of electric vehicles and renewable energy. A new report from the World Energy Council suggests these two trends could hit demand for oil sooner and harder than expected. Oil consumption could actually start falling within the next 10 to 15 years and if correct, this would play havoc with the investment case for BP and Shell.

read more

Shell retains Deutsche Bank to seek buyer for California refinery




By Jessica Resnick-Ault | NEW YORK

Oct 18 2016

Royal Dutch Shell plc has retained Deutsche Bank to sell its Martinez, California refinery, according to three people familiar with the matter.

Shell is in the midst of a three-year, $30 billion divestment plan following the company’s purchase of BG Group earlier this year.

A Shell spokesman said the company would not comment on “rumor or speculation.” Deutsche Bank declined to comment.

The refinery, located 30 miles (48 km) northeast of San Francisco, has been operating since 1915. It can process about 165,000 barrels of crude oil daily into gasoline, jet fuel, diesel and other refined products. It has a coker unit used for processing heavy grades of crude.

read more

Esther Kiobel Torture Case Against Shell Returns to NYC: John Donovan’s role




Published Friday 14 October 2016.

MANHATTAN (CN) — Dusting off Supreme Court defeat following one of biggest human-rights battles in decades, a Nigerian woman accusing Royal Dutch Shell of conspiring to torture environmental activists in her homeland returned to New York to prepare for new litigation in the Netherlands.

Esther Kiobel filed her latest lawsuit in Manhattan Federal Court on Wednesday, seeking information to take on the oil giant near its international headquarters.

read more

This Billionaire Just Joined The Race For A Major Shell North Sea Oilfield

Screen Shot 2016-09-01 at 18.43.41


By Irina Slav – Oct 17, 2016, 8:55 AM CDT


Jim Ratcliffe, the billionaire owner of chemicals conglomerate Ineos, will bid for Shell’s Buzzard oilfield in the North Sea valued at around US$2.2 billion (GBP 1.8 billion). The sale is part of Shell’s debt reduction plans, following its multibillion acquisition of gas major BG Group earlier this year. Total proceeds from asset sales are seen at up to US$30 billion (GBP 24.6 billion).

For Ratcliffe, if his bid wins, the deal would represent a much sought-after expansion into the energy industry of the country. His bid for Buzzard is the latest in the North Sea, after last year, Ineos acquired all the gas fields operated by German DEA Group in the U.K. North Sea shelf. The Buzzard field became property of Shell after the acquisition of BG Group. Ineos is also the owner of the only oil refinery in Scotland.

read more

Japan deal complications put Shell asset sales goal at risk

screen-shot-2016-10-18-at-10-39-37by: Andrew Ward, Energy Editor: 18 Oct 2016

Fresh from completion in January of its $50bn takeover of BG Group in the biggest oil and gas deal for a decade, Royal Dutch Shell is trying to sell $30bn of assets to pay off some of the debt that helped finance the acquisition.

Unfortunately for Shell, raising money from M&A is proving harder than it was to spend. At the end of June, proceeds from completed disposals stood at just $1.5bn.


Shell faces possible Dutch lawsuit over Nigerian activist’s execution


By Tom Bergin | LONDON

The widow of a Nigerian activist is planning to sue Royal Dutch Shell in the Dutch courts alleging the oil company was complicit in the execution of her husband by the Nigerian military in 1995, court documents filed in the United States last week show.

Esther Kiobel has filed an application in New York to secure documents from Shell’s U.S. lawyers, which she could use in the Dutch action.

The filings with the U.S. District Court for the Southern District Court of New York said she planned to begin that action before the end of the year.

read more

Shell struggles to keep lavish divis gushing




Danny Fortson: October 16, 2016

Something, at some point, has to give at Shell.

Chief executive Ben van Beurden made an epic bet last year when he agreed to pay £35bn to take over rival BG. The deal, struck in the midst of an oil and natural gas price downturn, was predicated on a recovery that has yet to materialise.

The longer the price slump goes on, the greater the strain on Shell’s balance sheet. And the harder it will be to make good on van Beurden’s pledge to sell $30bn (£24.6bn) of assets by 2018 to offset the cost of BG.

read more

Lament for Royal Dutch Shell


Kashagan AKA “Cash All Gone”

Forgot the initial cost estimate, probably around $8-10 billion. Now 10+ years too late and ballooned to $50 billionMost normal companies would have gone bust long ago.

Shell inherited some beauties from the boys of the roaring 90s. I hope someone will write a book one day on this era. 

Reserve crisis, Pearl, Sakhalin, Kashagan, Alaska, tarsands, and I must have forgotten a few. Repeated over-promise and under-delivery. All many billions over budget, extreme overruns in startup, loss in AAA status, removal of operational and technical expertise. I find the silence on Prelude ominous. Probably goes the same way as the others.

read more

Oil From $50 Billion Kashagan Field Starts Flowing to Export



By Nariman Gizitdinov: 14 October 2016

Kashagan, a vast oil field in the Caspian Sea, sent its first crude for export after about 16 years in development and more than $50 billion of investments.

The venture loaded 26,500 metric tons of crude for export into the country’s pipelines, Kazakhstan’s Energy Ministry said in an e-mailed statement. Of that, 7,700 tons was sent to the Caspian Pipeline Consortium. Reaching stable production will take “some time” as commissioning work continues both offshore and onshore, the ministry said.

The project has been plagued by multiple delays and cost overruns. A 2008 budget estimate of $38 billion jumped to $53 billion by the end of last year as the partners replaced undersea links after sour gas cracked the pipes. The crude from Kashagan is reaching an already saturated market, with prices at less than half the level of 2013 when the project hit a setback. Expectations for the field’s exports even prompted OPEC to flip supply predictions for next year.

read more

Shell Said to Consider Sale of $1 Billion Malaysia LNG Stake



cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgBy Elffie Chew and Joyce Koh: 14 October 2016

Royal Dutch Shell Plc is considering a sale of its stake in a Malaysian liquefied natural gas export plant, which could fetch more than $1 billion, people familiar with the matter said.

Shell is gauging interest in its 15 percent stake in MLNG Tiga Sdn., which owns an LNG terminal in Sarawak on the island of Borneo, according to the people. The sale may draw interest from private-equity firms, the people said, asking not to be identified as the process is private. Malaysia’s state-owned Petroliam Nasional Bhd., which holds 60 percent of MLNG Tiga, has pre-emptive rights on the stake, one of the people said.

read more

Shell May Snag 95% Discount on Next-Generation Ethanol Plant



cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgBy Mario Parker: 13 October 2016: Updated onOctober 14, 2016

Royal Dutch Shell Plc is set to pay $26 million for Abengoa SA’s ethanol plant that cost it and taxpayers about $500 million to build.

Shell’s so-called stalking-horse bid, which is subject to court approval, was disclosed in documents filed Wednesday with Kansas District’s U.S. Bankruptcy Court. If Abengoa receives competing bids, an auction will be held Nov. 21 for the 25 million-gallon-a-year-plant, the filings show. The bid was confirmed by Mark Kisler, managing director at Ocean Park Advisors, Abengoa’s consultant.

read more

Shell Oil bids $26 million for Abengoa’s advanced biofuel plant

Screen Shot 2016-08-04 at 09.29.49



By Chris Prentice | NEW YORK

Royal Dutch Shell Plc’s U.S. arm has offered more than $26 million to buy Abengoa SA’s cellulosic ethanol plant in Kansas, according to documents filed late Wednesday in bankruptcy court.

Shell’s initial bid on Abengoa’s bankrupt biofuels asset marks the oil major’s latest push into renewable fuels as the U.S. government is getting its over decade-old biofuels policy back on track following years of regulatory delays.

“This move is in line with Shell’s strategy to develop biofuels” that use sustainable feedstocks, Shell spokeswoman Natalie Mazey said in an emailed statement.

read more

Shell says it remains committed to Showa Shell stake sale despite hangup


Oct 13 2016, 14:58 ET | By: Carl Surran, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) says it remains committed to selling the majority of its stake in Japanese venture Showa Shell to refiner Idemitsu after the Japanese entities announced an indefinite delay of a planned merger.

The founding family of Idemitsu, which controls a 33.9% stake in the refinery, opposes the merger, although the company says it has not changed its plan to buy a one-third stake in Showa Shell for ~¥170B ($1.7B) this month or next.

read more

Shell North Sea Sale Said to Draw Ineos, Siccar Point Bids



cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgBy Dinesh Nair: 12 October 2016

Royal Dutch Shell Plc has invited binding bids from parties including Ineos AG and Blackstone Group LP-backed Siccar Point Energy for the sale of some of its U.K. North Sea assets worth about $2 billion, according to people familiar with the matter.

North Sea-focused energy explorer Chrysaor Holdings Ltd. has teamed up with U.S. private equity firm EIG Global Energy Partners to submit a second-round bid before the Wednesday deadline, the people said, asking not to be identified as the information is private. No final agreements have been reached, they said.

read more

Royal Dutch Shell: The Turnaround Will Continue



screen-shot-2016-10-06-at-13-11-55Alpha Investor: 12 October 2016


Royal Dutch Shell shares have received a boost in the past month on the back of an improvement in oil prices, a trend that is likely to continue.

There was excess oil demand of 500,000 bpd in the third quarter as against supply due to production cuts across the globe and robust demand, leading to an inventory correction.

Oil prices will rise further as Saudi Arabia, Russia, and the U.S. are all intent on reducing the industry oversupply, which will lead to further inventory declines.

read more

Shell, BP Hold Lure of Higher Payouts After Brexit Hurts Pound

Screen Shot 2016-08-15 at 17.50.25


screen-shot-2016-10-06-at-13-11-55By Rakteem Katakey: October 12, 2016

The British pound’s slump to a 30-year low is handing a windfall to U.K.-based shareholders of Royal Dutch Shell Plc and BP Plc.

The currency’s decline means the two oil companies are making higher payouts to U.K. investors when they distribute their dollar dividends in pounds. Shell and BP have pledged to prioritize defending their dividends through oil’s biggest downturn in a generation.

The companies have maintained their payouts for the past two years and shareholders who have stayed invested through crude’s slump are likely to get additional cash in the U.K. currency as the pound remains weak following Britain’s June 23 decision to exit the European Union. The potential for higher cash payouts is driving up the companies’ London-listed shares. U.S. investors get no benefit from the currency’s more than 17 percent slide against the dollar in the period, which makes the pound the worst performer among major currencies.

read more

Shell Says Aluminum Ruling Helps Kill Oil Antitrust Claims


Law360, New York (October 12, 2016, 9:50 PM EDT) — Two Royal Dutch Shell PLC affiliates accused of market manipulation told a New York federal court Wednesday that derivative traders lack standing to assert antitrust claims, citing another judge’s recent decision nixing claims in multidistrict litigation accusing Goldman Sachs & Co. and others of manipulating aluminum prices.

The Shell companies are part of multidistrict litigation accusing various oil companies of manipulating the price of North Sea Brent crude oil and Brent crude oil futures, by engaging in fraudulent physical trades and systematically submitting information about those…

read more

Idemitsu and Showa Shell postpone merger amid founding family reservations, Iran-Saudi tensions

screen-shot-2016-10-13-at-10-14-31KYODO, STAFF REPORT: 13 October 2016:

Oil distributors Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. have decided to postpone their planned April merger as Idemitsu has yet to gain consent for the deal from the founding family, sources close to the matter said Thursday.

Idemitsu, the nation’s second largest wholesaler, and Showa Shell, the fifth biggest, were expected to announce the decision later in the day, according to the sources.

Idemitsu and Showa Shell originally revealed a plan to merge in 2015. But the progress of the merger has become increasingly uncertain after Idemitsu founding members, who hold a 34 percent stake, enough to veto the merger, announced their opposition to the plan in June.

read more

Shell Sells Malaysia Offshore Fields


12 October 2016

Royal Dutch Shell is reportedly selling its participation in various offshore fields in Malaysia, according to media sources.

The supermajor has allegedly signed a deal with Hibiscus Petroleum to sell its 50% stake in the 2011 North Sabah Enhanced Oil Recovery production sharing contract (PSC), which includes four fields and associated infrastructure.

“This is a significant milestone for Hibiscus Petroleum. When we created Hibiscus Petroleum, this was our goal, to invest in Malaysia and to apply our knowledge and experience to create value in our own backyard,” Hibiscus Petroleum Managing Director, Kenneth Pereira, said.

read more


screen-shot-2016-10-10-at-12-51-44By John Donovan

OSSL is the whistleblower “Mr Fixit” company that has admitted distributing bribes to the Irish Police (the Garda) and other parties on behalf of their client, Irish Shell, to smooth the path of the controversial Corrib Gas project in Ireland.

OSSL director Desmond Kane has drawn my attention to the astonishing news articles below, which speak volumes about the deeply flawed integrity of the Garda.

OSSL has spoken directly with Royal Dutch Shell CEO Ben van Beurden about the corruption in question and related very serious actions carried out by OSSL at the express instruction of Irish Shell, which funded the bribes, including €30,000 worth of alcohol.

read more

Royal Dutch Shell signs MOU with Iran’s National Petrochemical

Screen Shot 2016-08-04 at 09.29.49


cropped-Screen-Shot-2016-09-09-at-20.58.10.jpg9 October 2016

Royal Dutch Shell signed a preliminary memorandum of understanding (MOU) with Iran’s National Petrochemical Company on Sunday for cooperation in the petrochemical industry, the Iranian oil ministry’s news agency SHANA reported.

Hans Nijkamp, the head of the department for Iran affairs at Royal Dutch Shell, said the signing of the MOU came after months of negotiations between the two companies, according to SHANA.

“We believe that we can have joint projects in the petrochemical field with the National Petrochemical Company,” he said.

read more

Crude realities for Bakken oil as Shell ditches W. Coast rail plan

Screen Shot 2016-08-04 at 09.29.49


Screen Shot 2016-08-19 at 09.23.27

By Liz Hampton | HOUSTON

Oct 8 North Dakota oil producers were dealt another blow this week when Royal Dutch Shell said it would scrap plans to build an oil train terminal in Washington state that would have taken over 400,000 barrels per week of Bakken and other inland crudes.

Shell’s move on Thursday comes at a bad time for Bakken producers, who have endured a two-year price rout and need new routes to move their oil to coastal refineries.

Inland North American producers have seen four projects stymied since September, owing to both environmental opposition and an oversupplied global oil market that make it easier and cheaper to import cargoes than transport inland crude thousands of miles on railcars.

read more

Outlook For Shell Mixed – Caution Ahead




Gary Bourgeault: October 7, 2016


  • Debt load associated with BG Group acquisition still weighs heavily on Shell.
  • With a larger percentage of its business gas, it continues to struggle to sustainably break the $3 barrier.
  • EPS will probably drop by over 40 percent for the year.
  • Nigerian asset sales and risks to other holdings in the nation remain a concern.
  • Dividend could remain at current level if the price of oil and gas maintain a higher bottom.

Royal Dutch Shell plc (NYSE:RDS.A) has been taking some good steps to prepare for what it believes will be a strong future for LNG demand, as it puts various pieces of its infrastructure in place around the world. It has the goal of continuing to focus primarily on gas as its major product, looking for a time when it sustainably rebounds in price.

The long term prospects for Shell look fairly solid, but it does face some significant headwinds in the short term, including the debt overhang coming from its acquisition of BG Group, downward pressure on earnings per share (NYSEARCA:EPS), prolonged period of lower natural gas prices, and the loss of revenue from asset sales in Nigeria, along with the risk in the country for other projects it still has there.

read more

Now could be the perfect time to sell Royal Dutch Shell plc



By Royston Wild – Friday, 7 October, 2016

Stakeholders in fossil fuel goliath Royal Dutch Shell (LSE: RDSB) could be forgiven for breaking out the bubbly following the company’s recent share price detonation.

Shell saw its value gallop 28% higher during the third quarter, and the firm’s meteoric ascent may not be finished yet — indeed, the stock is within striking distance of July’s quarterly peak of £21.48 per share, the loftiest level since May 2015.

But while many momentum investors may be tempted to plough in, I reckon now could provide a terrific opportunity for investors to cash out.

read more

Shell halts proposed oil-by-rail project near Anacortes


By Seattle Times staffThe Associated Press: 6 October 2016

ANACORTES — Shell Puget Sound Refinery announced Thursday it has terminated plans for a proposed oil-by-rail project at its refinery in Washington state.

Under the plan, trains would have brought crude oil from the Bakken fields of North Dakota to replace some of the supply Shell gets from Alaska’s North Slope.

Refinery general manager Shirley Yap told the Skagit Valley Herald on Thursday that recent low oil prices and abundant production elsewhere have slowed Midwest production, making it less of a good investment.

read more

Can we be sure of Shell’s divvy?




Alistair Osborne: 7 October 2016

Few advertising slogans stand the test of time. Who bounces around nowadays declaring they’re a “fruit and nut case”? Or tells the barman: “What we want is Watney’s”? Or asks the girlfriend: “Did you Maclean your teeth today?”

So perhaps it is more a triumph of hope over experience that so many people are banking on the longevity of that petrol pump favourite: “You can be sure of Shell”.

They’re the recipients of $15 billion a year in dividends from Royal Dutch Shell, the biggest payout merchant on the planet, even if the sum includes the $4 billion some punters…

read more

In merry-go-round, Nigerian parliament commences fresh inquiry into Malabu oil deal


October 6, 2016Samuel Ogundipe

Members of Nigeria’s House of Representatives panel investigating the controversial Malabu oil deal on Wednesday expressed strong reservations about the attitude of firms caught in the scandal.

The House in January 2016 set up another ad-hoc committee to look into allegations of financial crimes in the lease of OPL 245 oil block in Nigerian waters.

A former Minister of Petroleum, Dan Etete, awarded the lease of OPL 245 in April 1998 to Malabu Oil and Gas Ltd., a firm later traced to him.

read more

Gazprom and Shell Reaffirm Strategic Cooperation


By MarEx 2016-10-05 19:55:14

Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, Chief Executive Officer of Shell, discussed developments in their strategic cooperation, signed in 2015, this week at the sixth St. Petersburg International Gas Forum.

The parties discussed a wide range of issues related to the development of strategic partnership in the energy sector, paying particular attention to the construction project for the third production train of the LNG plant on Sakhalin Island (Sakhalin II project). It was noted that the preparation of design and FEED documentation is nearing completion.

read more

Oil: OPEC Finally Agrees And Investor Takeaways


Dividend Income: 5 October 2016


  • OPEC has agreed to put a ceiling on oil production at 32.5 million barrels per day, representing a 900k cut from its current output at 33.4 million.
  • The news supported oil’s rise by nearly 10 percent, and benefits some companies significantly more than others.
  • The author still recommends to stay away from offshore, but upstream producers with lower break even cost could be an attractive investment. Integrated majors’ dividends are also safer than ever.

News Summary

To the surprise of everyone, the Organization of Petroleum Exporting Nations (OPEC) has agreed to put a ceiling on oil production at 32.5 million barrels per day, which is significantly less than its current 33.4 million barrels per day of production. The news has helped oil price rally nearly 10% to almost $51.50 per barrel Brent.

In this article, I will try to dissect the news and its effect on integrated majors, upstream producers and offshore producers. Of course, the news benefit some of these companies significantly more than others, which are actually unaffected or evenly negatively affected by the news. Similarly, I will analyze how it will affect the United State Oil ETF (NYSEARCA:USO) and other oil related ETFs going forward.

read more

Russia sets eyes on Baltic energy market




cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgBy Daniel J. Graeber

Russian energy company Gazprom is reviewing options for highly maneuverable gas shipments from Baltic states aside from pipeline commitments, an official said.

Alexander Medvedev, the deputy CEO at Gazprom, said the company signed an agreement with Dutch supermajor Shell to review marketing options for liquefied natural gas from eastern European states bordering the Baltic Sea.

“The memorandum with Shell on the marketing model was signed yesterday for the Baltic LNG,” he was quoted by state news agency Tass as saying.

read more

How Shell duped Nigeria of $406.75 million – FG



Screen Shot 2016-08-22 at 16.48.38

4 October 2016: Agency Report

The Federal Government is demanding $406.75 million from Shell Petroleum Development Company of Nigeria Limited and its subsidiary, Shell Western Supply & Trading Limited, over alleged crude oil theft.

The amount, according to court documents presented in Lagos on Tuesday, represents the shortfall of the money the multinational oil firm paid into the Federal Government account with Central Bank of Nigeria.

The money was said to be for crude oil lifted in 2013 and 2014.

read more

It’s boring, but Shell’s fat yield will reward patience

Screen Shot 2016-09-07 at 14.28.11


Screen Shot 2016-08-29 at 22.18.50There are clear risks: history suggests the Opec deal to cut oil production and support prices won’t stick; the company still has to prove it can make its huge BG acquisition work; and the dividend is not covered by earnings for this year and barely covered for next.

4 OCTOBER 2016 • 8:28AM

Royal Dutch Shell

This tip won’t win many prizes for originality but patient, longterm income seekers may find it hard to overlook the prospect of a soundly financed company that offers a 7pc dividend yield while interest rates and yields on the safest bonds remain at rock bottom.

There are clear risks: history suggests the Opec deal to cut oil production and support prices won’t stick; the company still has to prove it can make its huge BG acquisition work; and the dividend is not covered by earnings for this year and barely covered for next.

read more

Nigerian Militants Are Getting Ready to Strike Oil Again

Screen Shot 2016-08-15 at 17.50.25


Screen Shot 2016-07-12 at 14.30.34

By Elisha Bala-Gbogbo: October 4, 2016

If the Nigerian government wants to fight militants blowing up oil pipelines, it should send troops into the creeks and mangrove swamps of the Niger River delta. Not the city.

That’s the suggestion of Babalola Olarewaju, a taxi driver who plies the airport route in Port Harcourt, the largest city in the restive oil-rich region.

“We’re talking about people who blow up pipelines in the night and then disappear,” said Olarewaju, 41, as he perched on the hood of his rickety cab outside the Le Meridien Hotel in the city center, referring to three T-72 tanks, Nigeria’s main battle tank, parked about a mile away. “What has a tank got to do here in the city?”

read more

Shell, Chevron Drop Off Platts Top 10 Energy Firm List



screen-shot-2016-09-20-at-21-16-05By Irina Slav – Oct 03, 2016, 10:26 AM CDT

Shell and Chevron were among the international oil giants that fell off the top 10 companies of 2016 in the S&P Platts’ annual ranking of the 250 biggest companies by assets and revenues. The asset value and revenue figures are all for 201—the year when the oil price collapse really began to be felt.

The USA Today quotes Platts as saying the changes in the top 10 segment reflected the continuing depression on international oil markets. The price slump, Platts said, hit oil and gas majors’ earnings hard, and it also led to a serious devaluation of assets, meanwhile benefiting companies with stronger downstream operations, pure-play refiners, and power utilities.

read more

Carnival to power cruise ships with LNG


UPI: Carnival to power cruise ships with LNG


By Daniel J. Graeber: Oct 3, 2016

Maritime travel company Carnival Corp. said Monday it signed a deal to power its cruise ships with liquefied natural gas from Dutch energy company Shell.

Carnival said it signed up to become the first company of its kind to power vessels with liquefied natural gas. At the onset, Shell will supply LNG to two ships set for launch in 2019. The travel company said the agreement is part of a green initiative meant to reduce its environmental footprint.

“We are committed to reducing our air emissions and improving air quality by evaluating new and established solutions such as LNG — an especially promising option because of its environmental and other benefits,” Tom Strang, senior vice president of maritime affairs for Carnival Corp., said in a statement.

read more

Norway oil and gas workers may strike, threatening UK gas supply

Screen Shot 2016-08-04 at 09.29.49

Norway oil and gas workers may strike, threatening UK gas supply

Mon Oct 3, 2016

Workers at three onshore plants serving Norway’s oil and gas industry will strike from Oct. 7 unless they get a new wage deal, the SAFE labour union said on Monday, potentially threatening Britain’s natural gas supplies.

Some 338 workers at Statoil’s Melkoeya LNG plant, Shell’s Nyhamna natural gas processing plant and ExxonMobil’s Slagen refinery terminal would go on strike if talks on a new pay deal break down, the union said.

The Melkoeya plant turns gas from the Arctic Snoehvit field into liquefied natural gas (LNG) which is shipped worldwide, while Nyhamna supplies about 20 percent of Britain’s natural gas demand from the giant Ormen Lange field offshore Norway.

read more

Shell To Supply Liquefied Natural Gas For Carnival Cruise Ships

cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgShell To Supply Liquefied Natural Gas For Carnival Cruise Ships

Mon, 3rd Oct 2016 11:25

PANAMA (Alliance News) – Cruise operator Carnival PLC announced it has signed a framework agreement with Shell Western LNG BV, a unit of Royal Dutch Shell PLC, to be its supplier of marine liquefied natural gas to power the fully LNG-powered cruise ships.

Under the agreement, Shell will initially supply Carnival Corporation’s AIDA Cruises and Costa Cruises brands with fuel for two new LNG-powered ships expected to launch in 2019.

The agreement builds on the partnership established between Carnival Corporation’s AIDA Cruises brand and Shell in April to supply its AIDAprima ship with LNG to power the vessel while docked.

read more

Shell IPO could be landmark offering


cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgShell IPO could be landmark offering

Written by Rita Brown – 03/10/2016 9:48 am

Shell’s plans to sell as much as P29.7billion worth of shares on the Philippine Stock Exchange would be a landmark initial public offering (IPO) for the region.

The sell-off is penciled in for October.

The Pilipinas Shell Petroleum IPO will run from Wednesday, October 19 to 25 after the price setting on Thursday, October 13.

The firm is on the crest of its hotly awaited stock market debut. It plans to auction off 330 million primary and secondary shares to the public for as much as P90 per share. If it completes the order, the offering will officially be the Philippine Stock Exchange’s biggest debut.

read more

Shell and other oil majors slip down in energy rankings


Shell and other oil majors slip down in energy rankings


Written by Rita Brown – 02/10/2016 6:09 pm

Shell was one of a handful of oil majors, which tumbled down the charts for this year’s Platts Top 250 Global Energy Company Rankings.

The survey considers four metrics – revenues, profits, return on invested capital and asset worth.

Shell, Chevron and ConocoPhillips all missed out on top 10 spots.

Shell slid 28 places to 31st on the list, Chevron fell 15 spaces to the 17th and ConocoPhillips tumbled a whopping 122 places, falling from seventh to the 129th spot.

read more

Uncertainty persists over reopening of Forcados oil terminal

Punch: Uncertainty persists over reopening of Forcados oil terminal

Screen Shot 2016-08-22 at 16.48.38

2 October 2016

More than seven months after it was shut down, the Forcados export terminal remains offline, with the operator, Shell Petroleum Development Corporation, saying it cannot tell when it will be reopened.

September 21, 2016 marked exactly seven months that Shell declared force majeure on the export of Forcados, one of Nigeria’s largest crude oil grades.

The force majeure, a legal clause that allows it to stop shipments without breaching contracts, came a week after the Forcados export line was attacked by militants in the Niger Delta.

read more

Nasdaq: Shell Shuts Down Nigerian Oil Pipeline Post Fire Outbreak

cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgNasdaq: Shell Shuts Down Nigerian Oil Pipeline Post Fire Outbreak

September 30, 2016, 09:45:00 AM EDT By Zacks Equity Research

Integrated energy major Royal Dutch Shell plc’s RDS.A Nigerian division, Shell Petroleum Development Company, has shut down its Trans Niger Pipeline at Gio in Ogoni due to a recent fire. This pipeline feeds into Nigeria’s strategic Bonny Export Terminal.

Predictably, the commodity price slump has adversely affected Shell’s financials, particularly at its upstream unit. Furthermore, Shell’s revenues, earnings and cash flow have been significantly hurt by weak natural gas prices . Attacks on the company’s local establishments by the Nigerian militants have added to its woes.

read more

Shell estimates annual Argentina investment of $300 million through 2020

Screen Shot 2016-08-04 at 09.29.49

Screen Shot 2016-07-20 at 07.42.44Shell estimates annual Argentina investment of $300 million through 2020

Thu Sep 29, 2016 | 8:50pm BS

Royal Dutch Shell (RDSa.L) plans to invest $300 million a year in Argentina through 2020 in exploration as well as refining, distribution and marketing, the company said in a statement on Thursday.

The announcement came after Shell Chief Executive Ben van Beurden met with Argentine President Mauricio Macri in Buenos Aires. Shell has been working to launch an early production well in Argentina’s Vaca Muerta shale reserves.

(Reporting by Juliana Castilla; Writing by Caroline Stauffer; Editing by Peter Cooney)

read more

Is OPEC’s Output Deal A Game Changer For Royal Dutch Shell And BP?

Is OPEC’s Output Deal A Game Changer For Royal Dutch Shell And BP?

Royston Wild: Sept 29, 2016

Investors in the fossil fuel sector have finally had cause to celebrate this week after OPEC suggested that an output freeze could finally be in the offing.

The idea had initially been tabled at the start of the year as Saudi Arabia, Qatar, Venezuela and Russia got around the table. But Iran’s determination to get the pumps ramped back up to pre-sanction levels put the plan firmly on the backburner.

However, with Tehran’s reluctance to take part in a deal now apparently thawing, stock pickers have become more optimistic over the growth outlook for many of the oil industry’s major players.

read more

Shell and BP shareholders can use votes to make firms go green, campaign group says


Screen Shot 2016-08-04 at 14.47.05Shell and BP shareholders can use votes to make firms go green, campaign group says

Written by Mark Lammey – 29/09/2016 7:42 am

A campaign group is urging Shell and BP shareholders to use binding votes on pay plans to encourage bosses to embrace green energy, a news report said yesterday.

ShareAction said sticking with old remuneration policies that reward executives for digging for oil would lead to both companies becoming obsolete and going bankrupt, The Guardian reported.

In line with rules introduced in 2013, large companies like Shell and BP face binding shareholder votes on three-year pay policies next year, the report said.

read more

Opinion: Putting a Shell Spring (board) in our step


cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgOpinion: Putting a Shell Spring (board) in our step

Written by Euan Hogg – 29/09/2016 6:00 am

Oil major Shell plans to fork out a six-figure sum this year to support UK firms developing low carbon technology.

The Shell Springboard scheme will hand £150,000 to a national champion and £40,000 each to five regional winners.

Here Euan Hogg, a winner from last year, talks about how the cash boost helped him.

In March 2016, Shell Springboard awarded Water Engine Technologies an equity-free grant of £40,000 as the programme’s regional winner.

read more

%d bloggers like this: