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Posts Tagged ‘Oil’

Shell says its underperforming European refineries to get no mercy

Extract from Reuters article published Thursday 31 July 2014 (Reuters) – Anglo Dutch oil company Royal Dutch Shell will show no mercy to underperforming oil refineries in Europe as it seeks to improve returns, its chief executive said on Thursday. FULL ARTICLE

Shell Profit Rises on Higher U.S. Oil and Gas Prices

Extracts from a Bloomberg News article by Eduard Gismatullin published 31 July 2014 Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, said second-quarter earnings rose 33 percent on higher U.S. energy prices and increased production. Profit excluding one-time items and inventory changes gained to $6.1 billion from $4.6 billion a year earlier, The Hague-based […]

BP: Russian sanctions could hurt us

Extract from a Guardian Business Blog article by Graeme Wearden published 29 July 2014 Oil giant BP has warned the City this morning that it could suffer if fresh sanctions are imposed on Russia. In its latest results, BP cautioned that it would suffer an “”adverse impact” if Western powers hit Moscow with fresh economic […]

Shell vs. Bodo Community: British Court To Hear Evidence In Nigeria

Extracts from an article by Tunde Oyedoyin published by The Guardian Nigeria on Friday 25 July 2014 A BRITISH court will temporarily sit in Nigeria next year in a bid to determine how much compensation Shell Nigeria should pay to the fishermen of the Bodo community, who were affected by the two massive oil spills that […]

Offshore oil plan could be ‘game over’ for climate

Extract from an article by Professor Richard Steiner published 25 July 2014 by The Arctic Sounder Already suffering extreme effects of climate change, drilling in the Arctic Ocean would make matters worse by adding significant industrial disturbance, including platforms, pipelines, tankers, ports, ship and air traffic, underwater noise, suspended sediment, and of course oil spills […]

Shell holds crisis talks with Niger Delta community over threat to operations

Extract from an article published by Platts on 24 July 2014 Shell has opened talks with leaders of the Nembe community in the Niger Delta to stave off potential unrest that could disrupt the company’s operations, a Shell spokesman said Thursday. The talks come after the Nembe community in Brass Local Government Area of southern Bayelsa State Wednesday […]

Royal Dutch Shell Playing Politics with Human Lives?

What is even more appalling is the fact that the oil giant Royal Dutch Shell, is the one behind the scene steering the affairs of the Dutch Government and practically playing politics with ‘human lives.’ By Zik Gbemre RE: DESPITE ANGER OVER DOWNED JETLINER, EUROPE SHIES AWAY FROM SANCTIONS ON RUSSIA We find it rather […]

Woodside Chairman Defends $2.7 Billion Buyback Deal With Shell

Extracts from a BloombergBusinessweek article by James Paton and Rebecca Keenan published 23 July 2014 Woodside Petroleum Ltd. (WPL), Australia’s second-largest oil and gas producer, defended a plan to buyback about $2.7 billion of stock from Royal Dutch Shell Plc (RDSA) amid concern investors may reject the deal. Woodside’s buyback is part of last month’s […]

One of our sources: Joe McGinniss, the famed ‘journalist provocateur’

Extract from a Joe McGinniss email to a PR officer for one of the organizations supporting the plaintiffs in the Wiwa v Shell case, in which Joe (right) criticised the $15.5 million settlement:  But I can’t help sensing that after finally reaching the point where you were about to show the world the evidence of […]

BP a better investment than Shell right now

Extracts from an article by David Thorpe published 22 July 2014 by What Investment under the headline: “M&G: BP is a better investment than Shell right now” Felton’s reason for not investing in Shell at present is that he believes the company has made a significant strategic blunder. ‘Shell has always been the high cost, […]

Behind the scenes at Greenpeace’s Lego and Shell protest viral video

From an article published by the Guardian newspaper on 22 July 2014 It had more than 4.5m views in its first week… The film was designed to increase the pressure on Lego to cut its ties with Shell. Arguably it is the way the film subverts and disrupts expectations that explains why more than 4.5 […]