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May, 2014:

Total oil debts to Iran exceeds $ 4 bln

Extracts from a Trend article by Umid Niayesh published 20 May 2014

Royal Dutch Shell also has not settled its debts without unveiling further details. Previously Iranian media outlets reported that the country’s oil minister Bijan Namdar Zanganeh has tasked a working group with collecting $2.3 billion debt from Royal Dutch Shell. Shell lost money trading Iranian crude in 2012 shortly before a European Union embargo and still owes $2.3 billion to Tehran for oil purchases.

FULL ARTICLE

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

Shell Says It’s Considering Climate Change Risks And Trying To Reduce Flaring In Nigeria

Extracts from a International Business Times article by Meagan Clark published 20 May 2014

Netherlands-based oil giant Royal Dutch Shell told investors in the Hague on Tuesday that the company considers climate change in its decisions and that its efforts to reduce natural gas flaring in Nigeria, a main cause of pollution in West Africa, are being hindered by a lack of government funding. “We’ve sold assets for $1.8 billion in the last few years, and we have further licenses for sale,” van Beurden said. “This is not an exit from Nigeria. We are still making selected growth investment onshore, and the pace of these projects will be largely determined by continued government funding.” read more

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

Shell’s new pay structure criticised

Peter Voser

Peter Voser

Extract from a Financial Times article by Michael Kavanagh published 20 May 1014

A sharp fall in the pay of outgoing chief executive Peter Voser last year failed to quell discontent among some investors at Royal Dutch Shell over rewards offered to its top staff.

FULL ARTICLE

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

Shell’s Nigeria Investments At Risk From Corruption Scandal, Investors Warned

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Extracts from an article by Global Witness published on 19 May 2014 by allAfrica.com

Royal Dutch Shell’s involvement in a deal which saw $1.1bn diverted into the hands of a former Nigerian oil minister could see the company lose a valuable oil block, says Global Witness. The deal for oil block OPL 245 off the coast of West Africa is being investigated by authorities in the UK, Italy and Nigeria. Shell and Eni have denied paying money to Malabu. Indeed they paid the money to the Nigerian government. However court evidence has revealed that Shell knew that the payment was going to Malabu and had negotiated directly with Etete over “iced champagne”. Etete had awarded the oil block to his own company when he was oil minister under corrupt Nigerian dictator Sani Abacha. In effect, he gave himself one of the most valuable oil blocks in Nigeria and, with this deal was now cashing in. read more

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

Shell thinks technology first in preparation for internet of everything

Screen Shot 2014-05-20 at 18.45.25Extract from a ComputerWeekly.com article by Caroline Baldwin published 20 May 2014  read more

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

Shell boss says refining assets still key despite weak profits

Screen Shot 2014-02-10 at 16.29.29Extracts from a Reuters article published 20 May 2014

LONDON (Reuters) – Royal Dutch Shell will hold on to its refining business despite shedding many underperforming downstream assets, its chief executive said on Tuesday. The global refining sector has suffered over the past year from weak profit margins due to rising capacity and increasing competition and Shell’s downstream business has been a drag on its 2013 and first quarter 2014 results.

FULL ARTICLE

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

Royal Dutch Shell a possible takeover target: Citigroup

Screen Shot 2014-02-10 at 16.29.29Extracts from a Financial Posted article by David Pett published 20 May 2014 under the headline: HP, Shell and Rio Tinto head up possible takeover targets: Citigroup

Royal Dutch Shell PLC and Rio Tinto PLC are all potential takeover targets as M&A activity worldwide continues to heat up, says Citigroup Global Markets. Expecting more deals to come, they came up with a list of potential targets by analyzing company metrics such as shareholder concentration, leverage and free cash flow yield and pre-tax earnings. read more

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

Ben van Beurden and Jorma Ollila agree OSSL meeting to achieve ‘a happy conclusion’

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By John Donovan

Printed below is a transcript of a self-explanatory exchange at the Shell AGM this morning involving Desmond Kane representing whistleblower company OSSL and Jorma Ollila (Chairman) and Ben van Beurden (CEO) representing Royal Dutch Shell Plc.

Note that Ben van Beurden repeatedly stresses that there is no evidence to support the allegations OSSL is “fond of making.”

What he does not say is that the alleged events never happened.

And what about the evidence of the OSSL invoice to Shell? Is Shell saying that the OSSL invoice is a fake? If so, Shell should call in the police. It would be their duty to do so. read more

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

Liquefied Natural Gas Could Come to the Rescue for Royal Dutch Shell

Screen Shot 2014-04-19 at 10.07.44Extract from a Motley Fool article by Bob Ciura published 19 May 2014 under the headline: How Liquefied Natural Gas Could Come to the Rescue for Royal Dutch Shell and BP

Royal Dutch Shell’s core net profits fell by 23% last year, prompting the company to undergo what management delicately termed “hard choices” in its portfolio. Basically, the company is resorting to cutting capital expenditures in light of disappointing upstream projects and sharply narrower refining margins. To that end, Shell plans to reduce capital expenditures by $9 billion in 2014 from $46 billion in 2013 to an estimated $37 billion this year. That represents a severe 20% drop. This is a concern since Shell’s production is already going in the wrong direction. Oil majors across the board are suspending new projects or cancelling them altogether, which could put them in dire straits later on. Fortunately, LNG represents one major area that both Shell and BP continue to invest in, and the potential is clearly compelling. read more

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

Shell’s exposure to Russia is a meaningful risk

Screen Shot 2014-04-26 at 11.34.57Extracts from a Motley Fool article by Arjun Sreekumar published 19 May 2014 under the headline: Which Oil Majors Have the Greatest Exposure to Russia?

BP, Exxon, and Shell all have significant exposure to Russia. If the U.S. and its allies were to impose a ban on the export of Western oil and gas technology to new projects being undertaken by Kremlin-controlled companies, it would probably dash Exxon and Shell’s ambitions to explore areas like western Siberia and the Arctic seas. All told, BP, Exxon, and Shell’s exposure to Russia is a meaningful risk — albeit one that may already be priced in — and one that investors should carefully consider before investing in these companies. read more

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

Will Pension Funds continue to risk Investment in Shell?

Screen Shot 2014-02-10 at 16.29.29Extracts from a Reuters article published 19 May 2014 under the headline: Shell says fossil fuel reserves won’t be ‘stranded’ by climate regulation

LONDON, May 19 (Reuters) – Royal Dutch Shell has dismissed the possibility that its proven oil or gas reserves will become unusable as a result of climate change regulation, saying fossil fuels will play a key role in global energy to 2050 and beyond.

Environmental campaigners, activist investor groups and some lawmakers have warned that financial markets could be overvaluing companies with large fossil fuel assets, such as Shell, thereby creating a “carbon bubble” and putting at risk trillions of dollars in pension funds. read more

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

Shell Considers Martinez Refinery Cutback Amid Shale-Oil Boom

Screen Shot 2014-02-10 at 16.29.29Extracts from a BloombergBusinessweek article by Lynn Doan published 19 May 2014 under the headline: “Shell Considers Permanent Coker Shutdown Amid Shale-Oil Boom”

Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, is considering retiring one of two coking units at its only refinery in California as the company seeks to run lighter crude at the plant. Shell is considering the shutdown as hydraulic fracturing and horizontal drilling unleash record volumes of light oil from shale formations… “The reality is that we are looking at each individual refinery and making economic decisions as to what is the most optimal feedstock,” John Abbott, downstream director for The Hague-based Shell, said in an interview… read more

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

Royal Dutch Shell shameful record of appeasement

By John Donovan

For nearly a hundred years the Royal Dutch Shell Group has appeased and collaborated with evil regimes including Nazi Germany, Nigeria, Brunei, Saudi Arabia, Libya, Iran, Iraq under Saddam Hussein, Apartheid South Africa and with Putin of Russia, despite his annexation of Sakhalin2 and Crimea. Anything to earn a buck irrespective of ethics, human rights abuses and massive corruption. Astonishingly, Shell claims to operate with a set of business principles. Shell’s latest CEO, Ben van Beurden, is shown bowing to Putin on 18 April 2014,  soon after Russia had used force to annexe Crimea. No shame. No morals. Its just business. It is what Ben van Beurden describes as Shell’s “economic interests.”  Following in the foot steps of the founder of the Royal Dutch Shell Group, the ardent Nazi, Sir Henri Deterding.  read more

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

Headers

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

Oil Giants Set Their Sights on Arctic Waters

Screen Shot 2014-04-04 at 09.49.25Extracts from a Wall Street Journal article by Chester Dawson published 18 May 2014

The U.S. Department of the Interior issued a withering report in March of 2013 that said Shell’s 2012 drilling program “raised serious questions regarding its ability to operate safely and responsibly in the challenging and unpredictable conditions offshore Alaska.” Shell suspended its drilling program in 2013—just before the Interior report was released—and in February this year new CEO Ben van Beurden ruled out resuming the program this year. But representatives say the company remains committed to exploring what it has called the “most promising undeveloped hydrocarbon basins” in the U.S. read more

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

Corrib Corruption Scandal on the Agenda at Royal Dutch Shell AGM

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Screen Shot 2013-08-28 at 00.03.05The Corrib corruption scandal and cover-up will  be raised at the Shell AGM on Tuesday. I can state on good authority that Shell lawyers have already prepared a script for Ben van Beurden to use for evasion purposes when confronted by OSSL directors. It mentions waiting for the outcome of the investigation by the Irish Police Ombudsman. Van Beurden can either continue with the cover-up tactics, or pick up the phone and ask Michael Crothers or Brian Foley to tell him the truth. Although unpalatable, it will emerge sooner or later. 

By John Donovan

REPLY TO POSTING ON SHELL BLOG BY LONDONLAD

LondonLad, no doubt by accident, you have misconstrued what OSSL stated. They never said that the allegation was first made 5 years ago. Please read it again. It is not an important point, but if something inaccurate is stated in print, then it is best to correct any such mistake immediately.

The first I heard about any of the relevant allegations was on 10 Sept 2012 when a long detailed email from OSSL to Brian Foley, the Contracts Manager for the highly controversail Corrib Gas Project, was forwarded to me without explanation. read more

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