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Posts Tagged ‘Royal Dutch Shell Plc’

Shell overstated its fourth quarter results by $178 million

Fri Jan 30, 2015 4:48pm GMT (Reuters) – Royal Dutch Shell (RDSa.L) said on Friday it had overstated its fourth quarter results by $178 million (118.44 million pounds) due to an error in the valuation of its fuel inventory. The company said its underlying earnings, which are most closely watched by analysts and investors, were […]

Shell knew of fraud and moneylaundering activities during purchase of an oilfield in Nigeria

This story is currently being reported by multiple Dutch news publishers on 31 Jan 2015 Non professional translation Shell knew of dubious practices in Nigeria Shell knew of fraud and moneylaundering activities during the purchase of an oilfield in Nigeria. This is a statement in OneWorld magazine in an investigation of “dubious” trading in the […]

Where is my defamation writ from Edward Heerema, Allseas son of Pieter Schelte?

By John Donovan Despite my forthright comments about Edward Heerema (the owner of the multibillion dollar ship Pieter Schelte), describing him a sinister individual who engages in shady financial machinations, I have not yet received a defamation writ. Threats yes, but no writ.  Edward Heerema is one of the squabbling sons of Pieter Schelte Heerema, […]

Shell shelves Arrow LNG project in Queensland

From an article by Angela Macdonald-Smith published 30 Jan 2015 by The Sydney Morning Herald under the headline: “Shell shelves Arrow LNG project in Queensland” Royal Dutch Shell has finally ditched plans for a new $US20 billion-plus liquefied natural gas project in Queensland,making it the latest casualty of the oil price slump. Global chief executive […]

Shell, Exxon Sell North Sea Field to ONE After Oil-Price Rout

Article by Jillian Ward published 29 Jan 2015 by Bloomberg under the headline: “Shell, Exxon Sell North Sea Field to ONE After Oil-Price Rout” Extracts (Bloomberg) — Royal Dutch Shell Plc and Exxon Mobil Corp. have sold their stakes in the Sean field to Oranje-Nassau Energie BV for an undisclosed sum as drillers seek to […]

Inside Shell’s earnings report: Proof that the Saudis’ oil market strategy is working

By Puneet Kollipara January 29 at 5:43 PM Saudi Arabia shocked the world last fall in breaking from its traditional mold of keeping oil production artificially low to prop up oil prices. Instead, the Saudis and other OPEC nations voted to keep oil output steady even in the face of a global supply surplus, a move seemingly designed […]

Shell’s Arctic Dilemma

CONTRIBUTOR COMMENT In the context of BvB’s comments about the Arctic, it is perhaps worth noting that in the absence of an intention to pursue their Arctic prospects, Shell would be obliged to write off/write down their past expenditure… And that would have resulted in a very miserable result for 2014. The problem has at least been […]

BP Shell merger on the horizon

Potentially, a prolonged period of low oil prices might finally see BP and Shell, like two drunken sailors, holding each other up through the merger that has so long been on the horizon. AN ARTICLE BY ALEX BRUMMER FOR THE DAILY MAIL PUBLISHED 30 Jan 2015  “ALEX BRUMMER: Big oil players confront the slump by slashing capital […]

Shell bows to investor pressure on climate risk

WASHINGTON Thu Jan 29, 2015 1:49pm EST (Reuters) – In a rare move, oil major Shell on Thursday backed a resolution proposed by activist investors to force the company to recognize climate change risks by improving its transparency. Shell’s executive vice president of investor relations JJ Traynor said the company would urge shareholders to vote […]

Shell resumes Arctic drilling but cuts $15bn from global investment

Royal Dutch Shell is reviving plans to drill for oil in Arctic in a move likely to intensify its battle with environmentalists. The Anglo-Dutch giant’s chief executive Ben van Beurden accepted that Arctic drilling “divides society”, but said the world needs new sources of oil. Greenpeace said Shell was taking a “massive risk” in a […]

Ben Van Beurden Ringing NYSE Bell on Monday?

Hi John, I am an ex-Shell employee and appreciate your site very much. I still keep in touch with friends at Shell, and one of them is traveling to New York this weekend ahead of the NYSE bell ringing ceremony on Monday. My friend was told that BVB and Marvin Odum would both be in […]