Royal Dutch Shell Plc  .com Rotating Header Image

Posts under ‘Shell’

The Oil Price Tug Of War

By Tom Kool – Aug 15, 2017, 3:00 PM CDT

Oil prices remain in a game of tug of war as conflicting news sends both the bears and the bulls to the sidelines.

• In 2015, the U.S. spent the least on energy in over a decade, largely due to the collapse of oil prices.

• In real terms, the U.S. spent $1.27 trillion on energy in 2015, down 20 percent from a year earlier.

• In inflation-adjusted terms, as well as in terms of percentage of GDP, the expenditures were the lowest since 2004.

SOURCE

Havlish v. Royal Dutch Shell PLC

The Judge was almost certainly unaware that Shell global management plotted to exploit the tragic 9/11 terrorist attack in New York City? Had the judge known about this fact and had seen the relevant Shell internal emails, it may have made him less susceptible to the arguments advanced by Shell’s lawyers.  Likewise, I would be surprised if the Judge knew just how far Shell had been prepared to go to evade sanctions against Iran. 

By John Donovan

Havlish v. Royal Dutch Shell Plc was the case heard in the US courts whereby victims of the 9/11 terrorist attack on the World Trade Centre twin towers attempted to obtain $2.1 billion from Shell that Shell rightfully owed to Iran, but could not pay because of sanctions. Havlish had obtained a $6.1 billion judgement against Iran but had no way of getting payment from the extremist Iranian regime.

A detailed article is printed below. Shell successfully resisted the claim and the case was terminated on May 25, 2016. read more

Shell and Exxon face censure over claim gas was ‘cleanest fossil fuel’

The Dutch advertising watchdog will on Tuesday censure Shell and Exxon for claiming that natural gas was “the cleanest of all fossil fuels” in an advert earlier this year. It will be the second time this summer that the Netherlands advertising standards board has ruled against the fossil fuels industry… FULL ARTICLE 

Big Oil Follows Silicon Valley Into Backing Green Energy Firms

Major oil companies are joining Silicon Valley in backing energy-technology start-ups, a signal that that those with the deepest pockets in the industry are casting around for a new strategy. From Royal Dutch Shell Plc to Total SA and Exxon Mobil Corp., the biggest investor-owned oil companies are dribbling money into ventures probing the edge of energy technologies. The investments go beyond wind and solar power into projects that improve electricity grids and brew new fuels from renewable resources. read more

Shell paid $31 billion to Nigerian govt between 2002-2016 – Official

Shell Petroleum Development Company (SPDC) remitted 29.8 billion dollars to the federation account and 1.2 billion dollars to Niger Delta Development Commission (NDDC) between 2002 and 2016, Igo Weli, General Manager, External Relations, made the disclosure on Monday. Mr. Weli spoke in Port Harcourt while reacting to the shut-down of SPDC flow station and gas plant in Belema community by angry youth. The youth accused the company of neglecting them and marginalising their community. Addressing journalists, Mr. Weli said the seizure of the company’s facilities by the youth would not only send wrong signal to the international community, but was capable of discouraging further investment in the Niger Delta. FULL ARTICLE read more

Shell Prepares For A Different Energy Reality

: 14 August 2017

Summary

  • This summer has seen the governments of several of the world’s major economies propose to eliminate internal combustion engine vehicles over the next 10-30 years.
  • At the same time, Royal Dutch Shell announced several major clean energy investments over the summer in anticipation of a drop-off in petroleum demand.
  • This article looks at how Shell’s clean energy investments fit into its energy profile forecasts compared to its peers. MAIN ARTICLE
  • read more

    Shell/NPDCl Attempt to Resume Oil Production in Ogoniland

    By Fegalo Nsuke, MOSOP Publicity Secretary: We disapprove of Shell’s attempt to re-enter Ogoniland. We accuse them of the killings of 1995 and for the death of over 3000 persons. We accuse them of the ruin of over 10 Ogoni communities whose inhabitants remain in exile. We accuse them of genocide in Ogoniland and for the complete destruction of our environment.

    I do not how best to describe Shell Nigeria and her new ally, the Nigerian Petroleum Development Company (NPDC), both of which have exhibited a very high level of irresponsibility in Ogoniland.

    On Thursday, August 4, led by the president of the Movement for the Survival of the Ogoni People (MOSOP) the Ogoni people protested against a surreptitious attempt by Shell to re-enter Ogoniland.

    The demonstration clearly represented our disapproval of any form of oil business in Ogoni. We made our position very clear, that no form of oil exploitation should resume in any part of Ogoniland without proper negotiations. read more

    Australia’s $180 bln LNG megaproject boom enters final stretch

    By Sonali Paul

    MELBOURNE, Aug 14 (Reuters) – The last massive component of Australia’s $180 billion liquefied natural gas construction boom arrived on Monday, stepping up a race between Anglo-Dutch giant Shell and Japan’s Inpex to start chilling gas for export in 2018. Company reputations are at stake, as well as first access to overlapping gas fields and Australia leapfrogging Qatar as the world’s largest exporter of LNG. Royal Dutch Shell’s $12.6 billion Prelude project – the world’s largest floating LNG (FLNG) facility – is also behind schedule. FULL ARTICLE read more

    Shell’s strategic move into electricity

    by: Nick Butler: Monday 14 August 2017

    The move starts small with a business in the UK that will start trading early next year. Shell will supply the business operations as a first step and it will then expand. But Britain is not the limit — Shell recently announced its intention of making similar sales in the US. Given its reach, Shell could sign contracts to supply all the power needed by the UK’s National Health Service or with the public sector as a whole…

    FULL FT ARTICLE (free registration) read more

    Protestors occupy Shell plant in Nigeria

    Hundreds of protesters have occupied a Nigerian oil facility owned by Anglo-Dutch oil giant Shell, demanding that a local company take over its operations, a community leader said Saturday. “We want Shell to hand over the operations of the flow station to Belema Oil Company because it appreciates our challenges and needs,” community leader Godson Egbelekro told AFP. Protesters from the Kula and Belema community in Nigeria’s restive southern Rivers state said the community has suffered through decades of poverty and neglect. FULL ARTICLE read more

    Massive Shell platform starts its journey to Texas

    The departure is the latest milestone for a gigantic venture the European company sanctioned two years ago in the face of a raging oil bust that forced many of its rivals to scuttle offshore plans. As oil prices tumbled, Royal Dutch Shell spent $600 million and employed 1,500 workers in Texas and Louisiana alone to fabricate parts for the so-called Appomattox platform, the company’s largest in the Gulf, expected to start pumping oil 80 miles off Louisiana by the end of the decade. Even so, Shell says it could still wring a profit from its 125,000-ton platform with oil prices below $50 a barrel, after deep cost cutting. FULL ARTICLE read more

    Eternal Shame of Shell over North Sea Platform Safeguards

    Posting by Bill Campbell, Retired HSE Group Auditor, Shell International

    In the 25 years following Piper Alpha (commemorations were held in Aberdeen a few weeks ago) the man who presided over a potential Piper Alpha rerun was Chris Finlayson. Although he blamed Brinded it is Finlayson who had the line accountability for health and safety offshore when in September 2003 two men died when an estimated 6800 cubic metres of gas flooded a into an enclosed support column on Brent Bravo.

    Lord Cullen, who was passed all the documentation from the Shell internal technical report into this near catastrophe was under no allusions. The lives of 156 workers could have been put a jeopardy if the gas had ignited. His safety case system had failed and it had almost led to a repeat. read more

    Protesters storm Shell crude flow station in Niger Delta

    The protesters complained they were not benefiting from oil production in their area, a common refrain in the impoverished swampland that produces most of Nigeria’s oil. They also demanded an end to oil pollution in the area.

    Soldiers and security guards did not disperse the crowd as it entered the Belema Flow Station in Rivers State, which feeds oil into Shell’s Bonny export terminal.

    But the army sent reinforcements after protesters said they would stay at the facility for two weeks.

    “I am a graduate for about eight years without a job,” said Anthony Bouye, one of the protest leaders. “Shell won’t employ me despite us having so much wealth in our backyard.” read more

    Trump Rolls Back Anti-Corruption Efforts in the Oil Industry

    By : 11 August 2017

    The rule, which was mandated by a law co-sponsored by former Republican Senator Richard Lugar, of Indiana, and Democratic Senator Ben Cardin, of Maryland, was designed to combat bribery and corruption, especially in poor countries governed by kleptocrats. Thirty other countries, including Canada and the members of the European Union, had already adopted similar requirements. Yet the American Petroleum Institute and companies such as ExxonMobil, at the time when Secretary of State Rex Tillerson was still its C.E.O., had lobbied against the rule. They said that it was costly to implement and gave unfair advantage to overseas competitors to which it did not apply. When Trump took power, the lobbyists got their way. read more

    One Shell Square in New Orleans will become Hancock Whitney Center in 2018

    Shell will still be the building’s largest tenant, though it will now occupy 18 floors of the building its employees once filled. The company has cut its local workforce from about 2,300 to 1,400 over the past two years, part of global staff reductions spurred by low oil prices.

    Rick Tallant, general manager of Shell’s assets in the eastern Gulf of Mexico, said the company is not reducing staff in New Orleans. He said the company has learned to do more with less space.

    Giving up naming rights to the building Shell once built and owned is tough, but Tallant said the company is committed to running efficiently and keeping jobs in New Orleans and the Gulf of Mexico. read more

    Shell Is Said to Aim for Full Restart of Pernis by End of August

    Royal Dutch Shell Plc is aiming to return its Pernis refinery in Rotterdam to full operations by the end of this month, according to a local resident who was briefed on the matter by the company. The company held a meeting for about 200 local residents late Wednesday, giving a first indication of when Europe’s largest refinery would resume normal operations after a fire in late July halted both crude units. The company said earlier this week that the first supporting units had been brought back online, without elaborating on the resumption of operations. READ MORE read more

    %d bloggers like this: