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The usual dubious antics of Greenpeace

Posting on our Shell Blog by a Long Term Regular Contributor, “LondonLad,” a retired Shell Executive: Aug 28th, 2015 

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Found the following on Greenpeace and their usual dubious antics (much more on them in the article at :
https://www.activistfacts.com/organizations/131-greenpeace/

Greenpeace is the largest environmental organization in the world, with an international membership of over 3 million and offices in over 40 countries. Forbes magazine once described it as “a skillfully managed business” with full command of “the tools of direct mail and image manipulation — and tactics that would bring instant condemnation if practiced by a for-profit corporation.” But Greenpeace has escaped public censure by hiding behind the mask of its “non-profit” status and its U.S. tax exemption. In other countries, however, Greenpeace has not been as lucky: Both Canada and New Zealand have revoked the organization’s non-profit status, noting that the group’s overly politicized agenda no longer has any “public benefit.”

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Shell Pauses Arctic Offshore Drilling for High Wind, Water

Screen Shot 2015-08-10 at 22.14.12ANCHORAGE, Alaska — Aug 28, 2015

By DAN JOLING Associated Press


Screen Shot 2015-08-13 at 11.35.25Strong winds and high waves that pounded the northern coast of Alaska have led Royal Dutch Shell PLC to temporarily stop exploratory oil drilling in the Arctic Ocean.

“Due to high wind and sea states, we have paused all critical operations in the Chukchi Sea,” said spokesman Curtis Smith in an email response to questions.

The eastern Chukchi Sea this week experienced gale-force winds in the range of 39 to 54 p.m., said Ed Townsend, lead forecaster for the National Weather Service in Fairbanks. Winds at Point Lay on Alaska’s northwest coast about 9 a.m. Friday blew steadily at 29 mph with gusts to 37 mph.

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Why Shell Announced Force Majeure On Nigerian Bonny Crude Export

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By: MICHEAL KAUFMANAug 28, 2015

On Thursday, August 27, Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) Nigerian unit closed down its two crude pipeline and declared “force majeure” on export of Bonny Light crude, as reported by Reuters.

The Hague-based company closed the Trans Niger Pipeline at Oloma because of a leakage in the pipeline. The company closed down its Nembe Creek Trunkline to stop theft and vandalism of crude oil in the vicinity. Furthermore, the company is working on the maintenance of the pipeline. However, it did not state any timeline for restarting its operation.

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GREENPEACE: SHELL IS ‘BANANAS’ IN NEW ARCTIC DRILLING PROTEST

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“Shell goes bananas” – Greenpeace protest against oil drilling in the Arctic (Picture: Screenshot/Facebook/Greenpeace Nederland)

Posted on Aug 28, 2015 by Janene Van Jaarsveldt

Environmental activists Greenpeace placed a giant banana peel on the roof oil company Shell’s office in Amsterdam on Friday morning. This giant banana peel is another protest against the company’s oil drilling in the Arctic. “Shell is going bananas and the world needs to know.”

“North Pole oil is a risk we can not accept. Yet Shell is rushing like a madman on oil stocks on the edge of the retreating arctic ice. With a 75% chance of an oil spill. Today campaigners are putting the spotlight on this madness”, the environmental activists write on their website.

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OSSL Whistleblower Email Sent to Irish Police, Irish Times and Shell on 28 August 2015

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From: THE OSSL COMPANY <[email protected]>

Date: 28 August 2015 08:10:45 BST

To: Pearse_Street_DS <[email protected]>, [email protected], [email protected], Commissioner <[email protected]>, “<[email protected]>” <[email protected]>, Michiel Brandjes <[email protected]>, [email protected]

Subject: Corrib CEO ..a Shell man …the day the nightmare began …top cop Gannon.

The Shell CEO appointed to Corrib, accompanied by his Local liaison officer unannounced arrived in the premises of OSSL.

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Addressing The Royal Dutch Shell Dividend Concerns

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Screen Shot 2015-07-31 at 19.22.09Christopher F. DavisAug. 27, 2015

Summary

  • Shares of oil majors have been crushed and Shell is no exception.
  • Concerns over the dividend are being raised.
  • I discuss the possibility of a dividend cut and what I see as likely happening.

Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) has been crushed in the last three months, and of course, over the last year since oil began its selloff. At the time of this writing oil is rebounding back above $40, but I wanted to address something very important about the stock. Its dividend. I recommended it in several articles, and explained the differences between the two types of shares. Through dividend compounding, this stock belongs in your portfolio, particularly a tax advantaged retirement account. But there has been whispers of fear that because of the oil slump, profits will be decimated and as such the dividends are in jeopardy. While the threat to profits is real, the concerns over the dividend are far overblown. I strongly believe that the dividend is more than safe. And at a 7.6% yield, you should be buying hand over fist at these levels and lower.

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High winds cause flooding in Barrow, prompts Shell to pause oil drilling

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Screen Shot 2015-08-28 at 08.10.57Yereth Rosen and Alex DeMarban: 27 August 2015

Huge, wind-whipped waves crashed onto the shore at Barrow on Thursday, forcing the closure of a nearby road, the National Weather Service reported. Westerly winds were gusting up to 50 miles an hour, pushing waves up to the top of the beach and causing some erosion, the National Weather Service said.

A National Weather Service employee in Barrow captured still images and video of the high waves and flooding.

The service has issued a coastal flood warning for Barrow until Friday morning, along with a high surf advisory for the western part of the North Slope and a gale warning for much of the Beaufort and Chukchi Seas. Seas up to 14 feet were forecast for Thursday in the Chukchi.

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Canadian agency deciding Shell’s offshore drilling includes ex-Shell official

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Screen Shot 2015-08-27 at 14.29.46News of Tory-appointed official follows on Environment Minister granting Shell up to 21 days to stop underwater oil spills. In contrast the United States requires Shell to have capping equipment on-site in Alaska within 24 hours.

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Shell Leaves ALEC, Is Still Terrible

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Shell remains one of the dirtiest, corrupt and dangerous companies ever known, and no amount of green-washing can hide that simple fact.

Derrick Crowe: 27 August, 2015

Earlier this month, Royal Dutch Shell announced it would allow its membership in the American Legislative Exchange Council, or ALEC, to expire. ALEC is a major force behind the scenes in the effort to stall official policies that would combat climate change. Shell’s extraction from ALEC is part of a larger ongoing effort to position the company as concerned about the environment, responsible, and supportive of efforts to mitigate climate change.

Don’t believe it for a second.

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Shell urges ‘prompt processing’ of Corrib pipeline application

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Lorna Siggins: Thu, Aug 27, 2015

Shell E&P Ireland has urged the Department of Energy to ensure “prompt processing” of its application to operate the Corrib gas pipeline, as it says that “all of the elements of the Corrib gas field are in an advanced state of readiness”.

The company has submitted an application to the department for permission to operate the 91 kilometre-long high pressure pipeline in north Mayo under section 40 of the Gas Acts. Details of the application were not available on the department’s website on Wednesday.

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BG Group share price: Gap between market valuation and Shell offer widens

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…the growing gap between the offer value and the market value indicates increasing investor anxiety over the merger, thus markets are beginning to question the deal’s prospects of success…

by Veselin Valchev: 26 Aug 2015

BG Group Plc’s (LON:BG) share price is sliding further away from the proposed offer by larger London-listed energy peer Royal Dutch Shell, signalling fading investor confidence that the deal will complete as planned, the Financial Times reported earlier this week.

BG’s share price had slipped 1.38 percent to 947.30p as of 14:01 BST today, underperforming the FTSE 100 which was flat. This compares with Shell’s proposed price of about 1,106p (383p in cash plus 0.4454 Shell B shares per BG share), equating to a discount of about 14.4 percent. At one point on ‘Black Monday’, traders cited by FT said that the spread widened to as much as 17 percent.

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Market Rout

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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 the crash in crude prices to force cuts in dividends. History tells a different story.

Oil’s collapse has driven the annual dividend yield at Royal Dutch Shell Plc to at least a 20-year high of 7.7 percent this week, compared with 4.4 percent for the benchmark FTSE 100 Index. The yield — the annual return divided by the share price — is also at a two-decade high at Exxon Mobil Corp. and Chevron Corp.

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Shell exploration drilling advances at Burger J prospect

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Screen Shot 2015-08-13 at 11.35.25BY TIM BRADNER, ALASKA JOURNAL OF COMMERCE: 26 Aug 2015

Shell is keeping a tight lid on information about its Chukchi Sea drilling for now.

The semi-submersible Polar Explorer is at work drilling the first well in Shell’s 2015 program, Burger J, and a weekly report issued Aug. 25 by the U.S. Bureau of Safety and Environmental Enforcement, or BSEE, indicated that a shallow casing string has been installed and cemented into place on the well.

This is an initial “string” of casing that is typically installed once the “mud-line cellar” excavation is completed, a step Shell reported earlier. “Casing” refers to heavy steel pipe installed in the well through which the actual drilling tools are operated and drilling “mud,” or fluid, is circulated to keep up pressures at the bottom and to remove rock cuttings from drilling.

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Charlotte Church joins the campaign trail once again as she performs a requiem in musical protest over Arctic drilling

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By REBECCA DAVISON FOR MAILONLINE: 26 August 2015

Singer Charlotte Church joined a protest rally outside the Shell headquarters in London on Wednesday in protest over Arctic drilling on behalf of Greenpeace. 

The 29-year-old took to the streets to lead a performance of Requiem for Arctic Ice as well as The Bitter Earth outside the building, writing ‘Save The Arctic’ across her hands in pen. 

According to Greenpeace, the campaign was part of the charity’s month-long run of Titanic-themed orchestral protests.

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Oil at rock bottom: Is your portfolio at risk?

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Screen Shot 2015-08-04 at 22.49.59Among individual oil producers, the biggest on the market is Royal Dutch Shell, and its share price has unsurprisingly performed terribly in the last year. The shares have fallen 36 per cent since last August…

by Annabelle Williams: 26 August 2015

Shares in energy companies have plummeted – should investors be buying?

OIL PRICES have fallen to their lowest levels since the financial crisis. The price of Brent crude went down to $42 a barrel earlier this week, before recovering a little.

The news is shocking because, when oil prices were first slashed from over $100 a barrel to around $50 last June – due to the fact that there is so much being pumped out of the ground and not enough industrial demand in the world to use it all – people thought it would be temporary.

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Shell-BG deal off?

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By Oliver Haill | Sharecast – Tue, Aug 25, 2015 08:36 BST

LONDON (ShareCast) – (ShareCast News) – A global stock market sell-off and tumbling oil prices have increased fears that some of this year’s largest takeover deals are at risk of falling apart – including Royal Dutch Shell (Xetra: R6C1.DEnews) ‘s $70bn bid for UK rival BG Group (LSE: BG.Lnews) . Over the past week, the gap between the agreed price of several takeovers and the market price of the target companies’ shares has widened, as funds that specialise in profiting from these situations have taken fright.

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Shell seeks permission to operate Corrib gas pipeline

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by Joe Leogue: Wednesday, August 26, 2015

Shell Ireland has officially applied to the Government for permission to operate the controversial pipeline from the Corrib gas field off the coast of Mayo.

The application is the first to be made under the Gas Act since the completion of its construction.

The pipeline is a joint venture by the Corrib Gas Partners which comprises Shell E&P Ireland Limited, Statoil, and Vermillion.

The application was sent to Minister for Communications, Energy, and Natural Resources Alex White on Tuesday, August 18.

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Royal Dutch Shell Is Now A 7.54% Dividend Yield Monster

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Screen Shot 2015-08-13 at 11.35.25Aug. 24, 2015 6:45 PM ET

Summary

  • Stock market downturn takes Shell’s dividend yield to an astonishing 7.54%.
  • The dividend looks reasonably safe.
  • High initial yield but little growth expected in coming years.

Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) doesn’t need an introduction. This Anglo-Dutch multinational is one of the largest, integrated oil & gas majors in the world. Its share price has dropped nearly a quarter since the start of the year, pushing its dividend yield ever higher. While commonly regarded by many DGI investors as lesser quality than Exxon Mobil (NYSE:XOM), I believe the current market situation highly favors including this stock in the energy component of your dividend portfolio.

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Impact of Global Sell-Off on Shell-BG Group Deal

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Screen Shot 2015-08-25 at 13.53.52By: MICHEAL KAUFMANAug 25, 2015

Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) earlier this year finalized its $70 billion merger deal with BG Group plc. (ADR) (NYSE:BRGYY). The cash-and-stock deal valued BG at $20 per share. Shell, based on BG’s stock price on April 7, agreed on paying a 50% premium. However, as yesterday’s sell-off and grim crude oil prices are factored into the mix, it appears that the deal, among many others, may fall apart.

BG stock slipped 6.78% to close Monday’s trading session at $14.71 per share. The spread for the deal reached its highest level on Monday. Shell looks forward to acquiring BG’s Liquefied Natural Gas (LNG) assets. The company is also interested in the acquisition so as to take advantage of the opportunity to enter new markets.

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Opec powerless to halt oil price slide, warns former group president

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Opec veteran says that current oil prices slump has exceeded the worst expectations of the group

By Andrew Critchlow, Commodities editor: 24 Aug 2015

Opec is powerless to arrest the slide in oil prices unless producers outside the group such as Russia match any cuts in output, according to a former president of the group.

‘Black Monday': £91bn wiped off FTSE 100 as China fears spark global markets crash

With oil prices plummeting due to global oversupply, the Organisation of the Petroleum Exporting Countries (Opec) would be unable to stabilise the market on its own, Abdullah bin Hamad Al-Attiyah told The Telegraph on Monday. The group – which is mainly comprised of Middle Eastern and South American oil producers – would need agreement from other oil-producing nations.

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Royal Dutch Shell bid for BG Group at risk of falling apart

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Arash Massoudi and Miles Johnson: 24 Aug 2015

A global stock market sell-off and tumbling oil prices have increased fears that some of this year’s largest takeover deals are at risk of falling apart — including Royal Dutch Shell’s $70bn bid for UK rival BG Group.

FULL ARTICLE

Concerns mount over whale deaths in Gulf of Alaska

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Ryan Schuessler: August 24 

KODIAK, Alaska – Researchers are scrambling to determine what’s behind the death of 30 whales in the Gulf of Alaska as unusually warm ocean temperatures continue to wreak havoc on the region.

Since May 2015, 14 fin whales, 11 humpback whales, one gray whale and four unidentified specimens have been found dead along shorelines in the Gulf of Alaska, nearly half of them in the Kodiak Archipelago. Other dead whales have been reported off the coast of British Columbia, including four humpbacks and one sperm whale.

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INTERVIEW-Shell eyes Iran, to pay debt when sanctions end

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TEHRAN | BY GUY FAULCONBRIDGE: Mon Aug, 2015

Aug 24 Royal Dutch Shell will repay a $2 billion debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted and will consider investing in the country’s vast energy sector, Shell’s boss for new business said.

Much would depend on the terms offered by the Islamic Republic once sanctions were lifted, said Edward Daniels, Shell’s executive vice-president for commercial and new business development. He was speaking to Reuters while on a British government visit to reopen the country’s embassy in Tehran.

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Screen Shot 2015-05-07 at 07.59.01In the case of Royal Dutch Shell PLC’s agreement to buy BG Group PLC, the year’s largest announced deal, the spread widened to 13.7% Friday from 11.4% a week earlier. That is the widest since the deal was announced in April, as investors fret over the possibility that plummeting oil prices could cause Shell to walk away.

FULL ARTICLE

Iran to Raise Oil Output ‘at Any Cost’ to Defend Market Share

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Screen Shot 2015-08-04 at 22.49.59U.S. benchmark West Texas Intermediate crude fell to less than $40 a barrel for the first time in more than six years in New York trading on Friday.

Anthony Dipaola and Hashem Kalantari: BLOOMBERG.COM: 23 AUGUST 2015

Iran plans to raise oil production “at any cost” to defend the country’s market share and joins calls for an emergency OPEC meeting to help shore up crude prices.

“We will be raising our oil production at any cost and we have no other alternative,” said Oil Minister Bijan Namdar Zanganeh, according to his ministry’s news website Shana. “If Iran’s oil production hike is not done promptly, we will be losing our market share permanently.”

Iran had the second-biggest output in the Organization of Petroleum Exporting Countries before U.S.-led sanctions banning the purchase, transport, finance and insuring of its crude began July 2012. Oil producers such as BP Plc and Royal Dutch Shell Plc have expressed interest in developing its reserves, the world’s fourth-biggest, once sanctions are removed.

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Oil slump highlights pressure on dividend payouts

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Screen Shot 2015-08-04 at 22.49.59Extracts from an article by Garry White: 22 Aug 2015

Some in the City are concerned that distributions to shareholders at some major dividend payers are too high. This is particularly true for the oil sector.

Opec is being eaten alive and needs to meet to heal its wounds

Low oil prices bite as Premier Oil waits to tap Shetland field

Based on current forecasts, the prospective yield in 2016 for BP is about 6.9pc and for Shell it stands at 6.7pc. These unusually high yields are often an indicator of an impending cut in the payout.

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‘Both sides are unhappy': Obama’s Arctic drilling green light heightens tensions

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Screen Shot 2015-06-30 at 21.06.27State Department official says administration’s stance on oil drilling program continues to spur criticism as Hillary Clinton joins list of opponents

Oliver Milman in Washington: Friday 21 August 2015

A senior official at the State Department has admitted there is an “obvious tension” between the US’s commitment to combat climate change and its approval of Shell’s oil drilling in the Arctic.

Shell was given the final green light by the Obama administration to drill off the coast of Alaska on Monday.

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Shell begins ‘high-risk’ drilling for Arctic oil

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Robin Pagnamenta Energy Editor: August 22, 2015

Shell has begun the final stage of its $7 billion attempt to drill for oil in Alaska’s remote Chukchi Sea.

Despite tumbling oil prices and opposition from Hillary Clinton and conservationists, this weekend a steel drill bit was grinding its way through rocks deep beneath the icy waves.

Shell, which was granted final permission to begin drilling by US officials on Monday, believes the oil bearing rocks could hold up to 29 billion barrels — enough to supply half of Amerca’s needs for a decade. 

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Charlotte Church adds her voice to Arctic oil protest

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Screen Shot 2015-08-13 at 11.35.25Emma Howard: Friday 21 August 2015

Her performance is part of a month-long protest that Greenpeace is staging, with different groups – from brass bands to bagpipes – playing the same four-piece movement every day during August to highlight Shell’s Arctic venture. The project was inspired by the string quartet on the Titanic, who continued to play as the ship went down after striking an iceberg.

Church said the campaign had struck a chord “because of how unbelievably dumb [drilling in the Arctic] is. It’s exploitative and nonsensical. The reason they can get to this oil is because the Arctic ice is already melting to a degree, but they’re going to drill more and make it worse … if there is some sort of spill they won’t be able to deal with it or clean it up.”

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Oil suffers longest weekly losing streak since 1986

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Screen Shot 2015-08-04 at 23.11.09Published: Aug 21, 2015 3:22 p.m. ET

“It looks like the market will remain in a supply/demand surplus at least through 2016.”

SOURCE

OIL BELOW $40

Shell will despoil the Arctic. But Barack Obama is the real villain here

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Clinton nailed Obama this week: “The Arctic is a unique treasure. Given what we know, it’s not worth the risk of drilling,” she wrote.

Others put it more strongly: “It’s perplexing and depressing to hear President Obama say he wants to fix climate change but then approve Arctic drilling.

FULL ARTICLE

Fire at Shell’s Pulau Bukom plant leaves 6 injured, including 3 in critical condition

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Screen Shot 2015-07-31 at 19.22.09This is not the first time a fire broke out at Pulau Bukom. In September 2011, more than 100 firefighters helped to put out a fire that raged for 32 hours at the Pulau Bukom refinery. Shell was fined $80,000 the following year for lapses in workplace safety that led to the fire.

Lim Yi Han: 21 August 2015

SINGAPORE – A fire broke out at oil giant Shell’s manufacturing site on Pulau Bukom on Friday evening, leaving six workers with burn injuries.

The Singapore Civil Defence Force (SCDF) said they received a call at around 6.15pm about the fire from the Pulau Bukom Manufacturing Site.

Upon its arrival, the fire had already been extinguished by Shell’s emergency response team.

The six victims were sent to the Singapore General Hospital (SGH).

Three of them are in a “critical condition”, said a SGH spokesman. One is in a stable condition, and two others were discharged after receiving outpatient treatment.

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Shell denies greasing ANC palms

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Screen Shot 2015-07-31 at 19.22.09By Tony Carnie: 20 August 2015

Durban – Oil giant Shell has denied suggestions that it exercises “improper influence” over government officials or makes financial payments to the ANC to pave the way for shale gas fracking.

The company’s local subsidiary, Shell South Africa, was responding on Wednesday to fears raised by local anti-fracking groups in a letter to the Minister of Mineral Resources, Ngoako Ramatlhodi.

The Treasure of the Karoo Action group and AfriForum wrote to Ramatlhodi this week voicing concern that he would be caught in a conflict of interest by adjudicating any application from Shell for a petroleum exploration licence or right.

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Oil Companies Sit on Hands at Auction for Leases

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By CLIFFORD KRAUSSAUG. 20, 2015 PAGE B1 IN NEW YORK EDITION

Screen Shot 2015-08-04 at 22.49.59HOUSTON — With oil prices collapsing and companies in retrenchment, a federal auction in the Gulf of Mexico on Wednesday attracted the lowest interest from producers since 1986.

It was the clearest sign yet that the fortunes of oil companies are skidding so fast that they now need to cut back on plans for production well into the future.

The auction, for drilling leases, attracted a scant $22.7 million in sales from five companies, but energy analysts said that came as no surprise on a day when the American oil benchmark price plummeted by more than 4 percent. For the first time since the recession, it is approaching the symbolic $40-a-barrel level. Last summer, it was above $100 a barrel.

A glut on American and world markets is to blame for the depressed prices, but the unusually large daily decline occurred after the Energy Department, in a report, lowered its oil price projections and showed a considerable increase in inventories.

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Wellcome Trust loses millions as its fossil fuel investments plunge in value

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Screen Shot 2015-08-20 at 09.03.27The Wellcome Trust’s investments in fossil fuel companies have lost an estimated £175m in the last year, due to sharp falls in share prices. Research by the Guardian shows the medical charity has sold off two-thirds of its holding in Shell…

FULL ARTICLE

Shell layoffs hit New Orleans as oil prices dive

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Screen Shot 2015-08-04 at 22.49.59By Jennifer Larino, NOLA.com | The Times-Picayune: 19 August 2015

Layoffs are starting to hit New Orleans as Royal Dutch Shell moves forward with plans to eliminate 6,500 jobs worldwide. The cuts come as Shell seeks to cut costs amid lower oil and gas prices.

Shell spokeswoman Kimberly Windon confirmed in an email the company has started to cut jobs at its New Orleans and Houston offices, though it is not providing a “specific breakdown of workforce numbers.”

About 2,300 Shell employees and contractors are at One Shell Square on Poydras Street, and the majority support Shell’s drilling and exploration operations in the deepwater Gulf of Mexico. Windon said the deepwater segment “continues to be an important part of the Shell global portfolio.”

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Hillary Clinton scuppers Shell’s plan to drill for oil in the Arctic

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Screen Shot 2015-08-13 at 11.35.25By CITY & FINANCE REPORTER FOR THE DAILY MAIL

PUBLISHED: 19 August 2015

Royal Dutch Shell’s Arctic ambitions have sparked a political row in the US after presidential candidate Hillary Clinton opposed its plans.

President Obama’s administration gave Shell the final green light to drill for oil and gas in the Arctic this week – which will see it resume drilling in the area for the first time since 2012 when it suffered a series of setbacks and pulled out. 

Clinton said drilling in the area is ‘not worth the risk’.

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GREENPEACE CALLS FOR SHELL BOYCOTT AFTER ALASKA DRILLING GO-AHEAD

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by Janene Van Jaarsveldt: 18 August 2015

Greenpeace has launched a boycotting action against Shell in response to the oil company receiving the final go-ahead from the American government for drilling in Alaska, AD reports.

On Monday the United States government gave Shell final permission to start test drilling in Alaska, provided that the company has the necessary equipment to be able to immediately close any possible oil spills.

In response Greenpeace is calling on consumers to take action by boycotting Shell for 40 days. The environmental organization is asking that consumers not refuel at Shell stations between August 19th and September 27th.

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Green fury after Shell is given go-ahead for Arctic drilling

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Green fury after Shell is given go-ahead for Arctic drilling

Screen Shot 2015-08-13 at 11.35.25US President accused of ‘double-speak’ by activists as Hillary Clinton joins chorus of criticism

DAVID USBORNE , TOM BAWDEN: THE INDEPENDENT: Wednesday 19 August 2015

Shell has been granted final permission by the US regulatory authorities to begin exploratory drilling for oil and gas beneath the Arctic seabed. The decision by the Bureau of Safety and Environmental Enforcement (BSEE) to allow the multinational to drill off the Alaskan coast prompted environmentalists to accuse President Barack Obama of “double-speak” over his calls to replace fossil fuels with renewable energy sources.

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