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Posts Tagged ‘Royal Dutch Shell Plc’

Oil prices slide as Obama lets Shell drill in the Arctic

As the giant Shell oil company begins highly controversial and risky exploration drilling in the Arctic, the price of crude continues to slide. Kieran Cooke from Climate News Network reports: 31 August 2015 It’s a gamble — some would say a giant gamble. Before even one litre of oil has been found, the Anglo-Dutch Shell group is […]

Obama’s Alaska Visit Puts Climate, Not Energy, in Forefront

By JULIE HIRSCHFELD DAVIS: AUG. 31, 2015 WASHINGTON — President Obama will travel to Alaska on Monday to call for urgent and aggressive action to tackle climate change, capitalizing on a poignant tableau of melting glaciers, crumbling permafrost and rising sea levels to illustrate the immediacy of an issue he hopes to make a central element […]

Records detail equipment failure on Arctic drilling rig

“The company’s repeated failures in basic readiness tests show that when things go wrong in the Arctic ocean, it will be a disaster…” By Jennifer A. Dlouhy: August 30, 2015 WASHINGTON — Newly released documents reveal the extent of problems with anti-pollution equipment on a Shell-contracted Arctic drillship earlier this year. The records, provided by […]

U.S. Is Seen as Laggard as Russia Asserts Itself in Warming Arctic

Sources: American Association of Petroleum Geologists, Bureau of Ocean Energy Management, IBRU at Durham University, Bordermap Consulting, KlimaCampus Integrated Climate Data Center, U.S. Geological Survey: By The New York Times By STEVEN LEE MYERSAUG. 29, 2015 ABOARD COAST GUARD CUTTER ALEX HALEY, in the Chukchi Sea — With warming seas creating new opportunities at the top […]

Shelling out too much

Mr van Beurden – who ill-advisedly said the deal only really sings once the oil price recovers to $90 a barrel – would be unwise to count on it. He’s on the hook for a £750m break fee if he pulls out, a pay-out he’d be hard pressed to survive. By Jeremy Warner: Sunday Telegraph […]

Obama says climate change is real, despite what skeptics say

“We made it clear that Shell has to meet our high standards in how they conduct their operations – and it’s a testament to how rigorous we’ve applied those standards that Shell has delayed and limited its exploration off Alaska while trying to meet them.” By Bruce Alpert, NOLA.com | Times-Picayune: 29 August 2015 WASHINGTON – President Barack […]

Shell offshore drilling application prompts conflict-of-interest charge

By Charles Mandel | August 29th 2015 Shell Canada Limited is applying to bring offshore drilling to Nova Scotia’s waters. But environmentalists are raising alarm bells over potential conflict of interest, as the group reviewing Shell’s application — the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) — includes a board member who worked at Shell Canada and […]

Offshore petroleum board refutes conflict charge

JESSICA FLOWER: August 28, 2015  Despite a U.K. newspaper’s suggestion of a conflict of interest in the Shell offshore drilling proposal approval process, the Canada-Nova Scotia Offshore Petroleum Board says it’s confident the steps it takes to eliminate any conflicts or unethical dealings neutralizes any concerns. The Guardian reported Wednesday about a potential conflict of interest […]

Obama defends Shell Arctic drilling decision

By AFP 29 August 2015 Two days before heading to Alaska to raise climate change awareness, US President Barack Obama on Saturday defended his controversial decision to allow Shell to drill in the Arctic’s Chukchi Sea. The Obama administration’s green light for the Anglo-Dutch oil giant angered environmental groups which have decried the “hypocrisy” of […]

Oil price rises: is this the end of the slump?

“The trend is strong and down… do not be wrong-footed by a correction higher…” Aug 28, 2015: Brent in biggest one-day surge since December 2008 as pipelines closed down Oil prices are continuing to rise after the market posted its biggest one-day surge for close to seven years, a recovery that comes off the back of […]

Why Royal Dutch Shell plc Is Facing Resistance In Canada

By: MICHEAL KAUFMAN: Aug 28, 2015  Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) drilling in Canada will be coming in for resistance, as reported by the Guardian. The drilling plan in Nova Scotia’s southern shore has been approved by the country’s Environment Minister and is under the Canada-Nova Scotia Offshore Petroleum Board’s review. The Canadian Environment Ministry […]

Shell Pauses Arctic Offshore Drilling for High Wind, Water

ANCHORAGE, Alaska — Aug 28, 2015 By DAN JOLING Associated Press Strong 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 […]

Why Shell Announced Force Majeure On Nigerian Bonny Crude Export

By: MICHEAL KAUFMAN: Aug 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 […]

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

“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 […]

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

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 […]

Addressing The Royal Dutch Shell Dividend Concerns

Christopher F. Davis: Aug. 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 […]

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

Yereth 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. […]

Shell Leaves ALEC, Is Still Terrible

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 […]

Shell urges ‘prompt processing’ of Corrib pipeline application

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 […]

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

…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 […]

Market Rout

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 […]

Shell exploration drilling advances at Burger J prospect

BY 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 […]

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

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, […]

Oil at rock bottom: Is your portfolio at risk?

Among 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 […]

Shell-BG deal off?

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.DE – news) ‘s $70bn bid for […]

Shell seeks permission to operate Corrib gas pipeline

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 […]

Royal Dutch Shell Is Now A 7.54% Dividend Yield Monster

Aug. 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 […]

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

By: MICHEAL KAUFMAN: Aug 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 […]

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

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

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

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 […]

In 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 […]

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

U.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 […]

Oil slump highlights pressure on dividend payouts

Extracts 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 […]

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

State 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 […]

Shell begins ‘high-risk’ drilling for Arctic oil

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. […]

Charlotte Church adds her voice to Arctic oil protest

Emma 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 […]

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

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

This 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 […]

Shell denies greasing ANC palms

By 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 […]

Oil Companies Sit on Hands at Auction for Leases

By CLIFFORD KRAUSS: AUG. 20, 2015 PAGE B1 IN NEW YORK EDITION HOUSTON — 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 […]