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Posts Tagged ‘Oil’

Shell CEO dubious prediction on oil prices

Today we have another forecast from a Chief Executive of Royal Dutch Shell Plc, no doubt based on an assessment by the crystal ball gazers at Shell, the famed Scenarios team. Is it a case of wishful thinking on the part of Shell? Can we have faith in the prediction made by the current CEO? By […]

Lego surrender in Greenpeace anti-Shell Arctic drilling campaign 

By John Donovan The Greenpeace campaign demanding that Lego should end its 50 year partnership with Shell has resulted in a surrender by Lego. According to a Guardian article published today, the toymaker will not renew the current multimillion pounds deal for Shell branded Lego to be sold at Shell petrol stations in 26 countries.  […]

Earthquakes shake NAM, the Shell/Exxon joint venture 

Earthquakes linked to extraction in the area have led to a public backlash and a new production plan for the field will be presented by July 1, 2016. The venture has set aside 100 million euros for claims and has paid out about 50 million euros so far. Extracts from a BloombergBusinessweek article The Slochteren […]

Shell, Eni and Nigerian Corruption

Malabu Oil Deal: prosecutors say that a senior official of Shell had a face-to-face meeting with Etete over expensive “lunch and lots of iced champagne”: Italian prosecutors said some of the $533 million slush money was used to buy private jets… By John Donovan The litigation involving former Nigerian oil minister, Dan Etete, who has […]

Shell backs out of Russian oil projects

In April 2014, following the Russian Annexation of Crimea, Shell COE, Ben van Beurden, was still bowing to Putin and full of ambition for Russian oil and gas projects.  By John Donovan In April 2014, Royal Dutch Shell Chief Executive Ben Van Beurden claimed that the company had no plans to change its work with its […]

Royal Dutch Shell News Monday 29 Sept 2014

By John Donovan A selection of current news articles about Royal Dutch Shell from around the globe: Oil price fixing According to a Bloomberg article published by energyvoice.com, the UK is considering whether to criminalize manipulation of the world’s most-traded crude-futures market. Extract The UK is toughening the rules after the rigging of Libor and […]

Shell evacuates workers from Brent Alpha and Bravo

By John Donovan  After all the Royal Dutch Shell senior management promises to improve safety on Shell North Sea platforms, serious incidents continue to occur.  EnergyVoice.com is reporting that Shell workers have today been evacuated from the Brent Alpha and Bravo platforms after a crane dropped a large container into the North Sea.  Extracts The […]

Royal Dutch Shell spent $1.32bn on R&D last year

By John Donovan Ed Crooks of the Financial Times has written a wide-ranging and informative article about oil company spending on R&D. Oil majors’ R&D into conventional and renewable energy at risk Royal Dutch Shell spent $1.32bn on R&D last year. The FT article quotes Gerald Schotman, Shell’s executive VP of R&D, as saying its […]

Royal Dutch Shell News 23 Sept 2014

By John Donovan Nigeria FROM THE DAILY MAIL Shell has overhauled its security procedures in Nigeria to prevent oil theft that is costing it hundreds of millions of pounds. The Anglo-Dutch oil giant said it had stopped paying private security contractors to monitor its pipelines and oil facilities.  Carbon Pricing Forbes.com has published an article […]

Shale Fracking is a ‘Ponzi Scheme’

“Shale Fracking is a “Ponzi Scheme” … “This Decade’s Version of the Dotcom Bubble” By John Donovan A regular contributor has very kindly drawn my attention to an article published by GlobalResearch under the headline: “Shale Fracking is a “Ponzi Scheme” … “This Decade’s Version of the Dotcom Bubble” In making the case to support […]

ROYAL DUTCH SHELL PLC NEWS FRIDAY 19 SEPT 2014

By John Donovan Shell’s Arctic Drilling Plans  fuelfix.com has published an article about Shell’s latest plans for exploratory oil drilling in the Chukchi Sea, north of Alaska. The detailed article contains links to a document Shell has filed with the U.S. Bureau of Ocean Energy Management, a related federal court document and an exploration plan.  A lawyer […]