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July, 2011:

Royal Dutch Shell Profit Nearly Doubles

Jul 28th, 2011
by John Donovan.
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By : July 28, 2011

LONDON — Royal Dutch Shell, the biggest oil company in Europe, said on Thursday that its profit almost doubled in the second quarter on higher oil prices and as new oil and gas projects came on stream.

Profit rose to $8.7 billion in the April-through June period, from $4.4 billion in the same period last year, Shell said in a statement. Production fell 2 percent after Shell sold some assets and because of delays in drilling permits in the Gulf of Mexico.

“We have made important progress with new production in 2011, and the ramp-up of our new projects should drive our financial performance in the coming quarters,” the Shell chief executive Peter Voser said in the statement. read more

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Shell’s second-quarter profit rises 55%

Jul 28th, 2011
by John Donovan.
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July 28, 2011, 3:06 a.m. EDT

By Alexis Flynn

LONDON -(MarketWatch)- Royal Dutch Shell PLC (RDSB.LN) Thursday posted a 56% rise in adjusted profit for the second quarter, buoyed by higher oil prices and the first contributions from its recently delivered flagship projects in Canada and Qatar.

“Our second quarter 2011 earnings were higher than year-ago levels, driven by increased energy prices and Shell’s operating performance,” said Chief Executive Peter Voser.

The Anglo-Dutch energy company said the clean current cost of supplies, a keenly-watched figure that strips out gains or losses from inventories and other non-operating items, was $6.55 billion in the three months ended June 30, compared with $4.20 billion in the second quarter of 2010. This was roughly in line with expectations of $6.54 billion in a Dow Jones Newswires poll of twelve analysts. read more

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Can anyone clean up an Arctic oil spill?

Jul 27th, 2011
by John Donovan.
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Patti Epler: Jul 27, 2011

Environmental groups earlier this week challenged oil companies to prove they can clean up an oil spill in the Arctic. The challenge is all part of a ramped-up public relations and political effort by a coalition of more than a dozen national conservation organizations to pressure the Obama administration into rejecting industry permit applications for work in the Beaufort and Chukchi seas next summer.

So it’s unlikely Shell Oil and the other companies will pick up that particular gantlet — and how would they, really. Short of dumping some oil out there and mopping it up or burning it off how does one prove they can clean up a spill? read more

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Delays Exploring for Alaska Oil Waste Tax Dollars, Shell Says

Jul 27th, 2011
by John Donovan.
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By Katarzyna Klimasinska – Jul 27, 2011 3:30 PM GMT+0100

Royal Dutch Shell Plc (RDSA), blocked from exploring on federal leases off Alaska valued at more than $2 billion, said four years of government delays may be “irresponsible” and a waste of taxpayers’ money.

The company needs about 35 U.S. permits to start drilling in the Beaufort and Chukchi seas. The area may produce about 700,000 barrels of oil per day for 40 years, Peter Slaiby, Shell Alaska’s vice president, said in remarks prepared for a Senate Commerce, Science and Transportation Committee hearing today. read more

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Shell to Stop Processing at Australian Refinery by Mid-2013

Jul 27th, 2011
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By Ben Sharples and James Paton – Jul 27, 2011 7:19 AM GMT+0100

Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, will halt refining operations at its Clyde plant in Sydney before mid-2013 and convert the facility into a fuel-import terminal.

The plant, which processes about 79,000 barrels a day of crude oil and employs 310 people, is no longer regionally competitive against Asian “mega-refineries,” the Hague-based company said in an e-mailed statement today. The plan was initially announced in April. read more

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BP is now in danger of becoming a ‘jam tomorrow’ business

Jul 26th, 2011
by John Donovan.
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Damian Reece

By 12:17PM BST 26 Jul 2011

Management, led by Bob Dudley, is gradually losing the trust of shareholders who have sat through one failure after another, most recently the Macondo oil spill and then the spectacular blow up of its Russian strategy.

I expect one of the big pictures to emerge form this week’s results from the big oil companies is the marked divergence in the fortunes of BP and Royal Dutch Shell. Since BP’s fatal accident in the Gulf of Mexico, its shares are off a third while Shell is up 15pc. read more

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Shell rapidly expanding its positions in unconventional gas (tight gas, shale gas and coal-bed methane)

Jul 25th, 2011
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From pages 31 & 32 of “Royal Dutch Shell and its sustainability troubles” – Background report to the Erratum of Shell’s Annual Report 2010

The report is made on behalf of Milieudefensie (Friends of the Earth Netherlands)
Author: Albert ten Kate: May 2011.

Unconventional gas and high-volume fracking

Not only for oil, but also for gas Shell is resorting to unconventional production methods. In December 2010, Shell-CEO Peter Voser stated: “In recent years, Shell has increased investment in natural gas projects in countries like Qatar, Australia, Russia, the United States and Canada, with a special focus on tight gas, shale gas and coal-bed methane – together these are known as unconventional gas. We’re currently exploring the potential for unconventional gas outside North America in countries like China and South Africa, as well as some European countries.” The Shell-CEO proceeds: “I know by 2012 Shell will be producing more gas than oil, and, I know, when it comes to natural gas supplies, a revolution is under way. (…) Shell is set for strong growth in tight gas.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Shell trumps BP in the battle of the oil giants

Jul 25th, 2011
by John Donovan.
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Britain’s biggest oil companies are expected to reveal bumper profits totalling a massive £9.2bn for the quarter, but troubled BP, once industry leader, will be far outstripped by Shell.

By 6:00AM BST 25 Jul 2011

Royal Dutch Shell is set to post quarterly profits of £4bn on Tuesday, a 60pc increase on the year before, while BP’s profits are up just 21pc at £3.6bn despite rocketing oil prices.

BP’s sale of oil fields to pay for its Gulf of Mexico oil spill disaster has eaten into production and profits, with output seen down 11pc in the quarter.

While the Anglo-Dutch giant Shell has benefited from production volume growth in the second quarter compared with other oil groups. Earnings from exploration and production in the second quarter are expected to show a 70pc uplift. read more

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BP Breakup Worth $100 Billion to JPMorgan

Jul 25th, 2011
by John Donovan.
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By Brian Swint – Jul 25, 2011 12:01 AM GMT+0100

Robert Dudley (right) could unlock $100 billion for BP Plc (BP/) investors by following ConocoPhillips and splitting up Europe’s second-biggest oil producer.

BP, trying to recover from last year’s Gulf of Mexico disaster, has lagged behind its three larger rivals this year, rising 1 percent in London even as oil peaked at $127 a barrel. Conoco’s decision last week to split its refinery arm from its exploration and production business led analysts at banks including UBS AG, Bank of America and JPMorgan Cazenove to recommend BP look at a similar move. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Canary Wharf to transform Royal Dutch Shell site

Jul 25th, 2011
by John Donovan.
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Canary Wharf Group has been chosen to transform five acres surrounding Royal Dutch Shell’s headquarters on London’s Southbank – one of the capital’s last remaining big development sites.

By 6:20AM BST 25 Jul 2011

The oil group has picked a bid by Canary Wharf, which is majority owned by Songbird Estates and Qatari Diar, the property investment arm of the emirate’s sovereign wealth fund, to develop the site. The pair are thought to have offered about £350m to secure the mandate. The deal, which is expected to be confirmed within days, will result in houses, offices and shops being built around the Shell Centre near Waterloo station in central London. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Another leukemia patient sues Shell, BP

Jul 24th, 2011
by John Donovan.
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The complaint alleges that Shell has known about the dangers of benzene causing cancer for decades, but publicly minimized and hid those dangers.

By SANFORD J. SCHMIDT: The Telegraph: July 22, 2011 7:58 PM

EDWARDSVILLE – For the third time this year, a victim of an aggressive form of leukemia who spent time in Roxana schools has filed suit against Shell Oil Co. and BP, claiming benzene around its refinery caused the disease.

Greg Wells of East Alton, who formerly lived in Wood River and attended Roxana schools, has been diagnosed with acute myelogenous leukemia.

His lawyer, Christopher Dysart, said his client was diagnosed in May 2010. read more

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Canary Wharf, Shell to revamp London site: report

Jul 24th, 2011
by John Donovan.
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July 24, 2011, 11:01 a.m. EDT

By London Bureau

LONDON (MarketWatch) — U.K. property developer Canary Wharf is poised to seal a landmark deal to transform the area round Royal Dutch Shell PLC’s (RDSA.LN) London office with financial backing from Qatar, The Sunday Times reports without citing sources.

Shell is expected to announce within a fortnight that it has picked Canary Wharf and Qatari Diar, the property arm of the emirate’s sovereign wealth fund, to transform more than five acres surrounding its tower on the south bank of the Thames. Canary Wharf and Qatar are believed to have offered up to GBP350 million for the deal, the report says. read more

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Oil companies poised to unveil huge profits

Jul 23rd, 2011
by John Donovan.
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Britain’s three biggest oil companies are set to reveal huge profits totalling almost $15bn (£9.2bn) for the past three months, with market leader Royal Dutch Shell making around $75m (£46m) per day.

High oil prices have boosted the earnings of Royal Dutch Shell, BP and BG Group, with the cost per barrel of crude averaging above $100 for the entire quarter.

Rowena Mason

By

9:30PM BST 23 Jul 2011

High oil prices have boosted the earnings of Royal Dutch Shell, BP and BG Group, with the cost per barrel of crude averaging above $100 for the entire quarter. This has kept UK petrol prices near record highs, touching 140p a litre and causing hardship for millions of motorists.

Profits for the oil companies are expected to be their highest since oil prices rose to $147 per barrel in July 2008, just before the world tipped into financial crisis. read more

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Shell, ConocoPhillips get draft Alaska air permits

Jul 23rd, 2011
by John Donovan.
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Fri Jul 22, 2011 5:19pm EDT

By Yereth Rosen

ANCHORAGE, Alaska, July 22 (Reuters) – U.S. federal regulators said on Friday they issued draft air-quality permits to Royal Dutch Shell (RDSa.L) and ConocoPhillips (COP.N), a key step for the oil companies’ drilling plans in Arctic waters of Alaska.

The permits cover Shell’s plans to drill two wells annually in 2012 and 2013 on leases in the Beaufort Sea, off Alaska’s northern coast, and ConocoPhillips’ plans to drill a yet-to-be-determined number of wells in 2012 the Chukchi Sea, off Alaska’s northwest coast. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Workers exposed to potentially lethal Shell gas leak

Jul 22nd, 2011
by John Donovan.
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Victoria MacDonald   |  July 22nd, 2011

WORKSAFE Victoria will visit Shell on Monday to probe how two contractors were exposed to potentially lethal gas in a leak at the Corio oil refinery yesterday.

Eight CFA crews from across Geelong were called to the Shell plant after the company sounded a major alert about 8.35am after hydrogen sulfide, a flammable and poisonous gas, was found to have leaked from one of the refinery pumps.

Yesterday’s alert was deemed to be of the highest level of three available to Shell, according to CFA sources. read more

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Discovery underway in age discrimination suit against Motiva

Jul 22nd, 2011
by John Donovan.
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SOURCE

7/20/2011 3:16 PM By David Yates

A certificate of written discovery was recently filed in an age discrimination suit against Motiva Enterprises.

Tyler resident Kurt Floersheim filed suit against his former employer, Motiva, on April 15 in Jefferson County District Court, alleging he was laid off so that two younger men could replace him.

Court records show that on July 11 Motiva filed a response to Floersheim’s request for disclosure.

The incident began on June 15, 2009, when Motiva informed Floersheim that he was being included in a reduction in force. He alleges that the day after he was laid off, Motiva hired two younger specialists to replace him. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.
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