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Petition to Sign – Minister White: Don’t reward Shell abuses in Ireland

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Screen Shot 2015-09-22 at 08.19.41Dear John,

Interesting to read the two recent articles about Shell/Corrib on your site – Shell’s arrogance, plus their presumption of statutory and ministerial subservient compliance still reign supreme!

Shell could at least have made a cursory acknowledgement of a person’s right to recourse to law by way of Judicial Review of the two presumed consents but, once again, they would appear to know something the rest of us don’t.

I would much appreciate if you could draw your reader’s attention to a Shell to Sea petition addressed to the line Minister Alex White which asks/demands that he refuse Shell consent to operate their ‘Space Shuttle syndrome’ refinery at Ballinaboy. As this is of local, national and global significance, I hope many readers will sign it over the next two days.

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Analysts concerned Shell dividend under immense risk

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Will Royal Dutch Shell plc (ADR) (RDS.A) Maintain Dividends?

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By: Micheal KaufmanSep 21, 2015

Analysts are concerned that future of Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) dividend is under immense risk, and expressed concerns that Shell will not be able to deliver its promise of 7% dividend yield. Currently, the American Depository Receipts (ADR) of Shell offers a one-year forward dividend yield of 7.6%, with quarterly dividend payment of 47 cents per share.

The glut in crude supply, China’s economy weakening, and lowered crude demand from Asian and European market has led oil prices to fall from $116 per barrel last June to below $50 per barrel this summer. Share prices of most energy companies have slumped. Companies that were once expecting crude oil prices to recover soon are now taking a long term bearish view of the oil market.

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Giant ‘dying polar bear’ appears outside Shell UK headquarters in protest over Arctic drilling

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BY KARA O’NEILL: 21 Sept 2015

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A giant dying polar bear has been placed outside the headquarters of oil and gas company Shell in a bid to stop their Arctic drilling programme.

British actress Emma Thompson was among the protesters who manoeuvred the three-tone puppet into place, locking six people inside so the bear cannot be moved.

The bear, which is the size of a double decker bus, and is named Aurora (after the Northern Lights) is intended to sit outside the company’s headquarter in South Bank, London, until they cease their drilling.

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Shell report says Alaska oil exploration program brings $172.7 million to Puget Sound communities

Shell report says Alaska oil exploration program brings $172.7 million to Puget Sound communities

Screen Shot 2015-09-17 at 07.55.40By CORAL GARNICK: McClatchy News Service: 20 Sept 2015

SEATTLE — Shell Oil, preparing to return its offshore Arctic drilling fleet to Puget Sound as early as next month, has released a study saying that this year and next its controversial Alaska oil exploration program will pump $172.7 million directly into the Puget Sound economy.

That spending is expected to support 1,590 jobs and generate $125 million in wages and $312 million in total economic output, which includes direct, indirect and induced impacts, according to an economic impact study released Wednesday.

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Shell’s high-risk game in the Arctic

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Screen Shot 2015-09-19 at 19.53.08Sunday 20 September 2015 

Ben van Beurden, the Shell chief executive, was on a media blitz last week trying to prop up sagging confidence in his ability to keep paying blue-chip dividends while expanding his empire at a time of very low oil prices. The planned takeover of BG Group is an important test of the Dutchman’s credibility in the City and on Wall Street, but an increasing number of analysts are questioning whether it makes sense with $50-a-barrel oil.

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Why we MUST drill for oil in the Arctic: Shell boss’s message to climate change campaigners and governments

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Some green campaigners seem to believe Shell boss Ben van Beurden would be happy dunking polar bears in thick, black crude oil if it helped make the planet even hotter.

But van Beurden, the 57-year-old engineer who has run Royal Dutch Shell for nearly two years and has given the company the green light to drill in Arctic waters, believes his view of the world’s future is considerably more honest than that of many environmentalists.

‘The amount of energy we consume is going to double in the first half of the century so we will have to supply twice as much as we do today as an industry. Most renewables produce electricity, and electricity is just 20 per cent of the energy mix. Where is the other 80 per cent going to come from?’ says the Dutchman.

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Shell’s dividend gusher can survive a prolonged siege

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If the oil price stays low, Shell’s van Beurden may have to eat his words Photo: AFP

Sunday Telegraph: Jeremy Warner: 20 Sep 2015

Ben van Beurden, chief executive of Royal Dutch Shell, is on a charm offensive to convince investors – and the press – that both the dividend is safe and the pending £45bn takeover of BG Group will proceed as planned. These promises attempt to address what is in essence the same underlying worry – the low oil price and its prospects for recovery.

In each case, the markets are plainly sceptical. Shares in Shell are on a barely believable yield of more than 7 per cent, indicating a high probability of a dividend cut to come, while BG shares trade on a discount of more than 10 per cent to the see through value of Shell’s offer.

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Shell/Exxon NAM JV cuts 2000 jobs due to low oil price and liability for Dutch earthquakes

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Screen Shot 2015-09-02 at 14.32.29“Thousands of buildings have been damaged in earthquakes caused by the ground settling after the gas has been removed. ‘NAM has continued to drill in Groningen even though it is well aware of the risks, and has put dozens of lives in danger…”

By John Donovan: Saturday 19 Sept 2015

A spokesperson for the Dutch Petroleum Company (NAM) – a joint venture between Royal Dutch Shell and ExxonMobil – confirmed earlier today that the Company is cutting 2,000 jobs.

The downsizing results from the collapse in oil and gas prices and concern over massive multi-billion dollar liability arising from the NAM induced earthquakes in Holland arising from gas extraction at the Groningen field. 


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Top lawyer takes on NAM over Groningen quake dangers

High profile lawyer Gerard Spong has made a formal complaint against gas extraction company NAM, saying he holds it responsible for deliberately damaging houses and other property in Groningen province.

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Shell completes Corrib as partner confirms €243m loss

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Shell Ireland has declared that the on-site work is now complete for the gas to flow from the Corrib Gas field.

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Some of the more than 900 employees pictured during construction of the Corrib Gas Processing Terminal at Bellanaboy.

Irish Independent: By Gordon Deegan: Saturday 19 Sept 2015

Shell Ireland yesterday declared that on-site work is complete for gas to flow from the Corrib gas field.

Shell E&P Ireland confirmed that from a technical point of view, production of gas can now start – 19 years after gas was discovered in the gas field off the coast of Mayo.

However, the Corrib Gas Partners cannot commence production until two separate permits are granted by the Environmental Protection Agency (EPA) and the Dept of Communications, Energy and Natural Resources.

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Iran to allow construction of 100 Total and Shell gas stations

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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 Mohammad Reza, the chairman of the trade union of Iran’s filling station, will spread across different Iranian regions, according to Iranian news website Oilnews.

“For the first time Iran’s Petroleum Ministry will give permission for the construction of gasoline stations under any brand in the country,” he said.

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Screen Shot 2015-06-13 at 09.26.5318 September 2015

The short drilling season for oil exploration in U.S. Arctic offshore waters will reach one stopping point Sept. 28 and a complete halt Oct. 31 for Royal Dutch Shell Plc. The company has been drilling since July 30 at the Burger prospect in the Chukchi Sea north of Alaska. If oil is discovered, it will require some very interesting and complicated development decisions and regulatory considerations.

Shell has come a long way to get this far. It acquired a set of leases over the Burger prospect in 2008 and has spent about $7 billion on trying to develop the leases. Shell, operating through its subsidiary Shell Gulf of Mexico Inc., did not report a discovery from the well it drilled in 2012, and no one has ever yet discovered oil in the Chukchi — not oil in commercial quantities, at any rate. A dry hole is always a possibility.

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Actors join campaign to draw attention to Arctic issue

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Screen Shot 2015-08-29 at 23.17.56By DAN JOLING: 18 Sept 2015

ANCHORAGE, Alaska (AP) — Critics of Arctic offshore petroleum drilling have used climbing gear, kayaks and polar bear costumes to protest industrial activity in the Arctic. They’re now trying humor.

Actors Alexander Skarsgard of “True Blood” and Jack McBrayer of “30 Rock,” along with Andy Bichlbaum of “The Yes Men” activists, are on a Greenpeace ship in the Greenland Sea with a team from the Funny or Die production company to make a comedy series focused on industrial threats to the Arctic.

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When Shell senior management had a collective mental health crisis

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Screen Shot 2015-09-18 at 16.30.33As New-Age Style Came In,
Geology Skills Lost Out;
Imitating Jerry Springer Oilmen at a Rainy Playground

Staff Reporters of THE WALL STREET JOURNAL: November 2, 2004

In late 2000, the head of the Dutch exploration unit at Royal Dutch/Shell Group asked his planners to deliver five-minute skits pitching ideas for discovering oil and gas.

In one skit, a naked employee ran on stage to catch the boss’s attention, say two people who attended. Another featured a mock episode of the Jerry Springer show, the incendiary daytime TV talk program. A third, after a bit of fun and games, promised to extract large quantities of natural gas cheaply from seemingly declining Dutch fields.

Long known for its sober geological expertise and conservative image, the Anglo-Dutch energy giant in the 1990s embraced New Age management. At other meetings, managers were told to shake their arms up and down in “energizer” exercises or stare into the eyes of colleagues while confiding their innermost thoughts, say attendees.

This cultural revolution ultimately led Shell into one of the worst crises in its history as the company turned to accounting maneuvers to hide its failures in finding energy. This year it admitted that it dramatically overstated its oil and gas reserves.

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Shell Handed A Get-Out-Jail Card As Its $70 Billion Bid For BG Hits An Obstacle

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Tim Treadgold, CONTRIBUTOR

Shareholders in Royal Dutch Shell ngIf: ticker will be uncertain whether they should thank, or criticize, the Australian Government’s competition regulator for threatening the proposed $70 billion merger with rival oil and gas producer, BG Group ngIf: ticker .

On one hand, a deal which could transform Shell is being threatened. On the other hand, missing out on BG could be the best result for Shell.

The problem is that BG’s primary appeal to Shell is that the target, once known as British Gas, is heavily exposed to liquefied natural gas (LNG), a fuel moving into a period of significant over-supply and potentially lower prices, at least in the short term.

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EU Said to Ramp Up Oil-Benchmarks Probe With Evidence Request

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Regulators may be moving toward sending antitrust complaint

Probe began two years ago with raids on BP, Shell and Statoil

By Gaspard Sebag and Javier Blas: BLOOMBERG.COM: 17 Sept 2015

Major oil companies including Royal Dutch Shell Plc and price publisher Platts were told by regulators to redact business secrets from documents obtained during antitrust raids in a sign the European Union may be moving ahead with a two-year-old probe, according to four people familiar with the investigation.

The redaction request could be a precursor to the European Commission sending a formal complaint, or statement of objections, to some of the firms, said the people who asked not to be named because the investigation into fuel-benchmark rigging isn’t public.

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Update: U.S. Dept. of Defense Confirms NCIS Espionage Investigation of Shell

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Screen Shot 2015-09-17 at 07.55.40By John Donovan

In 2010, I published an article revealing that four years earlier, U.S. authorities had launched an investigation into alleged industrial espionage by Shell Oil Company.

I contacted Shell at the time, but the then Chief Ethics & Compliance Officer for the company refused to comment.

A related court case is currently underway. A link is provided to documents filed today IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA: Case 1:14-cv-02139-KBJ. Shell is not currently involved.

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Optimism & Outrage: Shell’s $7 Billion Arctic Oil Gamble

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Screen Shot 2015-09-01 at 23.33.36by CYNTHIA MCFADDEN and JAKE WHITMAN: SEP 17 2015

At Royal Dutch Shell’s operations center in Anchorage, the cries of outrage that greeted the start of offshore drilling in the Arctic are drowned out by optimism.

The energy giant’s president, Marvin Odum, told NBC News that he’s confident that the $7 billion already spent to find oil under the sea — a bet that no other company is making in the American Arctic — was the right business decision.

And he says he’s also certain that Shell can handle any accident that might unfold during exploration or extraction, which wouldn’t even happen until 2030.

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Shell CEO: Alaska drilling efforts could end after this season

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Screen Shot 2015-09-17 at 22.47.40September 17, 2015

If Shell’s Chukchi Sea drilling operations manage to penetrate underground rock formations in waters off Alaska’s north coast this season and don’t find oil, that could be the end of the company’s controversial Arctic efforts, according to a report from the BBC.

“Our plan for the Arctic is to find out whether there is any oil in the Chukchi Sea,” Shell CEO Ben van Beurden told the British news outlet.

“We are in the middle of that drilling campaign and we have to see at the end of the season whether we get into the reservoir. If these results are conclusively no, then it will probably be the end of the road for our Alaska adventure.”

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Australia throws spanner in the works for Shell’s takeover of BG Group

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by Sarah Spickernell

Royal Dutch Shell’s takeover of rival BG Group has been postponed, after Australian regulators voiced concerns about the potential impact on domestic gas supplies.  

In a statement today, Rod Sims, chairman of the Australian Competition and Consumer Commission (ACCC), claimed the deal was not in the best interests of Australian consumers, as it might result in a greater proportion of east coast supplies being exported.  

He said: 

If the proposed acquisition resulted in less supply of gas to the domestic market, therefore, this could substantially lessen competition to supply domestic gas users and lead to higher domestic prices and more restrictive contractual terms.

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Shell will not sanction Arctic exploration until at least 2020

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Screen Shot 2015-09-17 at 07.55.40Kamal AhmedBusiness editor: 17 Sept 2015

As it moves, gingerly, through the first stages of exploration 70 miles off the Alaskan coast, Royal Dutch Shell has revealed its commitment to drilling in the Arctic.

And how long it will be before any oil or gas actually comes out of the ground – if at all.

Despite environmental concerns and the low oil price, Ben van Beurden, Shell’s chief executive, told me that as the world’s energy demands increased, the hunt for new resources was as important as ever.

The Arctic, he points out, has long been a source of oil and gas production. Environmental safety would be the priority, he insisted.

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Australia delays decision on Shell bid for BG on gas supply concerns

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Commodities | Thu Sep 17, 2015 

* Regulator raises domestic gas supply, price concerns

* ACCC to issue final decision on Nov. 12

* Shell says still expects to complete deal in Q1 2016 

By Sonali Paul

MELBOURNE, Sept 17 (Reuters) – Australia’s competition watchdog flagged concerns on Thursday that Royal Dutch Shell’s proposed $70 billion takeover of BG Group may lessen gas supply competition in eastern Australia and delayed a final decision on the bid to November.

The Australian Competition and Consumer Commission (ACCC) said a large number of market participants had expressed concerns that the proposed takeover may lead Shell’s Arrow Energy to sell its gas into BG’s Queensland Curtis liquefied natural gas plant (QCLNG) for export.

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Shell-BG Deal Poses Competition Concerns, Regulator Says

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By James Paton Sept 17, 2015: BLOOMBERG.COM

Royal Dutch Shell Plc’s $70 billion deal to buy BG Group Plc could reduce the supply of natural gas to local customers in Australia and boost prices, according to the nation’s competition regulator, which delayed a decision on the agreement until November.

The transaction may decrease the incentive for Shell’s Arrow Energy venture with PetroChina Co. to feed gas to the domestic market, the Australian Competition and Consumer Commission wrote in a statement on Thursday. That’s because it would allow Shell to send the Arrow supplies to BG’s Queensland Curtis liquefied natural gas project on the east coast, which is super-cooling the fuel for export to customers in Asia.

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Volatile’ oil price hard to predict, says Shell boss

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Royal Dutch Shell chief executive Ben van Beurden has told the BBC a recovery in the price of oil is hard to foresee.

“It is a very, very volatile business in terms of supply and demand. The oil price responds to very small mismatches between supply and demand,” he told BBC Radio 4’s Today programme.

The price of oil has roughly halved in the past year, to just under $50 (£32) per barrel.

Goldman Sachs predicted earlier this month it could fall as low as $20.

When asked where oil prices may go next, he told the BBC: “The honest answer to that is I don’t know.”

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Cash-strapped Nigeria to renegotiate contracts with oil majors

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Screen Shot 2015-07-31 at 19.22.09By: Carl Surran, SA News Editor: Sept 16, 2015

Nigeria’s state oil company says it plans to renegotiate production sharing agreements with oil majors including Royal Dutch Shell (RDS.A, RDS.B), Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM) and Eni (NYSE:E), as the country has been hit hard by the plunge in global oil prices.

“Some of the contracts were negotiated over 20 years ago and they have since been overtaken by new realities in the industry,’’ says Ibe Kachikwu, the new head of the Nigerian National Petroleum Corp.

Nigeria is Africa’s top producer of crude oil and gets 70% of its government revenues from oil.

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Jewell says ‘Keep It in the Ground’ movement simplistic, country too reliant on fossil fuels

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The Kulluk is an Arctic drill rig owned by Royal Dutch Shell. In 2012, the rig ran aground off Sitkalidak Island near Kodiak Island. The highly publicized incident was used by drilling opponents as an example of Shell’s lack of qualifications to drill in the Arctic. (Photo by Petty Officer 1st Class Sara Francis/U.S. Coast Guard)

By Liz Ruskin, APRN-WashingtonSeptember 16, 2015

Hundreds of environmental groups are uniting under a new banner to curtail greenhouse gas emissions. It’s called: “Keep It in the Ground.”

They’re asking President Obama to stop new petroleum leases on public lands. Interior Secretary Sally Jewell rejected the idea in a meeting with reporters today.

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Iraq Asks Oil Companies to Cut Spending After Drop in Prices

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By Khalid Al Ansary: September 15, 2015

Iraq asked oil companies to reduce their 2016 spending plans in the country by Sept. 30, citing lower oil prices and government revenue.

The reduced budgets shouldn’t affect 2015 production, Abdul Mahdy Al-Ameedi, director of licensing at Iraq’s oil ministry, said by phone Tuesday, citing a letter that the ministry sent to companies. Iraq is now producing more than 3 million barrels a day, he said.

“We’ve asked them in a letter we sent them to take into consideration the drop in oil prices and the low revenues of the government that may not cover their investments,” al-Ameedi said. “There was a stipulation that this investment reduction must not affect oil output from the fields that was in the 2015 schedule.”

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Ghost of Exxon Valdez Haunts Shell in the Arctic

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Screen Shot 2015-09-01 at 23.33.36Andy Rowell, September 11, 2015

There are many contradictions about Shell’s Arctic misadventure to drill for oil, but three are the most striking: Firstly the company is spending billions of dollars and risking the reputation of the company on oil that can never be burnt.

Secondly, Obama having just allowed the company to start drilling in the Arctic, then visits the region to warn about climate change; something that his Administration has just made worse.

And thirdly, Shell says it can adequately clean up any spill in the region, if there is an accident. That last promise is for want of a better word, a lie. The only way to clean up a spill in the Arctic is not to spill oil in the first place. The bottom line is that any oil spilt in the Arctic may never be cleaned up, and its legacy may last decades, or even longer.

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Shell drills dry well in the Norwegian Sea -NPD

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Screen Shot 2015-07-31 at 19.22.09Mon Sep 14, 2015

OSLO, Sept 14 (Reuters) – Royal Dutch Shell Plc drilled a dry well in the southern section of the Norwegian Sea, The Norwegian Petroleum Directorate (NPD) said on Monday.

This is the first exploration well in production licence 793 awarded in the 2015 pre-defined licensing round (APA), NPD said.

Shell, operator of the field, has a 40 percent stake, while other partners include VNG, Faroe Petroleum and Petoro with a 20 percent stake each.

(Reporting by Stine Jacobsen)

© Thomson Reuters 2015 All rights reserved

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Shell CEO says BG deal risk is overstated

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Ed Crooks in New York: 13 Sept 2015

Investors have exaggerated the risk that Royal Dutch Shell will fail to complete its planned £43bn acquisition of BG Group, Shell’s chief executive has said. BG shares are trading at a substantial discount to the value of Shell’s offer, suggesting some in the market are concerned the deal will not go through.

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Analysts predict oil price plunge: Oversupply could drive Brent Crude to $20, warns Goldman Sachs

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Screen Shot 2015-08-04 at 23.09.34By LAURA CHESTERS FOR THE DAILY MAIL: 11 September 2015

The price of oil could fall as low as $20, Goldman Sachs warned last night.

As fears about China’s growth continued, the Wall Street giant’s stark analysis of the global crude market pummelled prices again yesterday.

The price of Brent Crude fell more than 2 per cent after analysts at Goldman and Commerzbank slashed their forecasts. Oil has more than halved since last summer as supply increased due to the surging production of the US shale industry.

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Burning remaining fossil fuel could cause 60-meter sea level rise

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September 11, 2015

New work from an international team including Carnegie’s Ken Caldeira demonstrates that the planet’s remaining fossil fuel resources would be sufficient to melt nearly all of Antarctica if burned, leading to a 50- or 60-meter (160 to 200 foot) rise in sea level. Because so many major cities are at or near sea level, this would put many highly populated areas where more than a billion people live under water, including New York City and Washington, DC. It is published in Science Advances.

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Shell Exits Climate Change Group Amid Arctic Drilling Plan – FT

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Screen Shot 2015-08-13 at 11.35.25Fri, 11th Sep 2015

LONDON (Alliance News) – Royal Dutch Shell has left an influential climate-change lobbying group sponsored by the Prince of Wales amid concern about the company’s attitude to environmental issues, the Financial Times reported Friday.

The Corporate Leaders Group released news that Shell had left, but did not state a reason for the FTSE 100-listed company’s departure, but people close to the group told the Financial Times that the oil major?s corporate policies, which include the controversial programme to drill for oil in the Arctic, made its membership of the group increasingly difficult.

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Shell’s big gamble: Oil wrangling at the far reaches of the Arctic frontier

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By Steven Mufson September 11

Shell Oil Co.’s president Marvin Odum made the trip on Sept. 2 from Houston to this northern-most town in the United States, a spot whose traditional name, Ukpeagvik, means “place where snowy owls are hunted.”

Odum is here hunting, too, for oil offshore and political support from Alaska Natives living in Barrow, a ramshackle town of muddy streets, littered with all-terrain vehicles and guarded by snow fences on one side and on the other a four-foot-high earthen berm to protect against high winds and seas.

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Royal Dutch Shell plc: Appointment of Ronan Cassidy as Chief Human Resources & Corporate Officer

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Screen Shot 2015-07-31 at 19.22.09THE HAGUE, Netherlands, September 11, 2015 /PRNewswire/ —

Royal Dutch Shell plc (NYSE: RDS.A)(NYSE: RDS.B)(the ‘Company’) today announces the appointment of Ronan Cassidy as Chief Human Resources & Corporate Officer with effect from January 1, 2016.

In his new role, Ronan will become a member of the Executive Committee and will take over from Hugh Mitchell who will be leaving the company after 36 years’ distinguished service.

Ronan is a British Citizen and currently Executive Vice President Human Resources, Upstream International / Rest of the World Operations. He joined Shell in 1988 and has held a variety of human resources positions across the Upstream and Downstream businesses. Ronan graduated from Worcester College, Oxford University, United Kingdom in 1988 with a BA in Modern History. Ronan is married with two children.

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Shell exits Prince’s climate group in row over Arctic oil

Shell leaves climate project it helped set up amid Arctic drilling row

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Shell has been forced to leave a Prince of Wales climate change project which it helped found after a row over the oil company’s controversial drilling programme in the ArcticThe departure from the Prince of Wales’s Corporate Leader Group is another embarrassing setback for the oil and gas company, which has been battling to preserve its reputation in the face of a vociferous and growing campaign against its operations in the Chukchi Sea off the coast of AlaskaGreenpeace said the Anglo-Dutch group was rapidly becoming a pariah in the business world.

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Groningen gas production challenged in Dutch court

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Screen Shot 2015-09-02 at 14.32.29THE HAGUE, SEPT 10 | BY TOBY STERLING

(Reuters) – A Dutch high court on Thursday began hearing complaints from groups seeking to reduce or stop gas production at the Groningen gas field, Europe’s largest, to reduce the danger of earthquakes.

No date has been set for a ruling by the Council of State, but a court official said it would likely come in late autumn.

Work at Groningen has become increasingly controversial as earthquakes linked to it have become more intense, causing billions of euros of damage to buildings.

No physical injuries have been reported from the quakes, the largest of which was 3.6 on the Richter scale, but the country’s Safety Board in February determined that the government had systematically underestimated the danger to citizens.

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Riled Locals Fight Output From Europe’s Largest Gas Field

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Screen Shot 2015-09-02 at 14.32.29Groningen gas field produces 61 percent of Dutch fuel

Complainants say gas extraction has caused earthquakes

By Kelly Gilblom: BLOOMBERG.COM: Sept 10, 2015

A Dutch court is set to hear arguments that production from Europe’s largest natural gas field should be suspended because of earthquakes linked to extraction.

The Netherlands has progressively cut the amount of gas won from the Groningen field in the north amid protests over the tremors, with the Economy Ministry in June slashing this year’s output cap by 29 percent. The Administrative Jurisdiction Division of the Council of State will hear about 40 appeals from local political parties, environmental organizations and individuals against production from the area on Thursday, and possibly Friday, before making a final ruling in October or November.

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Shell CEO says only ‘something cataclysmic’ could stop BG deal

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Sep 9 2015, 14:43 ET | By: Carl Surran, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) CEO Ben van Beurden has told investors privately that only “something cataclysmic” – i.e., “if people stopped using energy” – could derail the company’s planned takeover of BG Group (OTCPK:BRGXF, OTCQX:BRGYY), WSJ reports.

The episode is among the latest attempts by top Shell execs to sell investors worried that the deal may fall through; BG shares trade at a discount to the Shell cash and share offer, concerns that Australian and Chinese regulators could set high hurdles and, more broadly, that the persistently low oil prices could yet lead Shell to rethink the merger are dampening sentiment.

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Shell bringing world’s deepest floating oil production vessel to Gulf of Mexico

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By Jennifer Larino, | The Times-Picayune: 9 Sept 2015

Royal Dutch Shell has launched its first floating oil production, storage and offloading vessel in the Gulf of Mexico. The facility will operate in 9,500 feet of water, making it the deepest of its kind in the world.

The vessel — named Turritella after a genus of sea snails with a long conical, spiraled shell — is part of the company’s multibillion-dollar Stones development about 200 miles southwest of New Orleans in the ultra-deep waters of the Gulf of Mexico. The facility is expected to start operations in early 2016.

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