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Posts from ‘September, 2015’

Shell abandons contentious Arctic exploration after poor results

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Screen Shot 2015-08-13 at 11.35.25Christopher Adams, Energy Editor: Sept 28: 7.28am

Royal Dutch Shell has abandoned a contentious Arctic drilling campaign off the coast of Alaska and is preparing to take billions of dollars in writedowns after its exploration efforts failed to make a significant discovery.

However, the company said in a statement on Monday that while it had found “indications” of oil and gas, “these are not sufficient to warrant further exploration” in the area.

“Shell will now cease further exploration activity in offshore Alaska for the foreseeable future. This decision reflects both the Burger J well result, the high costs associated with the project, and the challenging and unpredictable federal regulatory environment in offshore Alaska,” it said.

FULL FT ARTICLE read more

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Shell ceases Alaska Arctic drilling after exploratory well disappoints

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Screen Shot 2015-09-17 at 07.55.40Associated Press: Monday 28 September 2015 07.04 BST

Royal Dutch Shell PLC has said it is ceasing exploration in offshore Alaska for the foreseeable future, saying an exploratory well drilled to 6,800ft (2,100m) found oil and gas but not in sufficient quantities.

Shell USA’s president, Marvin Odum, said in an announcement early on Monday in the Netherlands that it was a disappointing outcome for that part of the Chukchi sea basin.

Shell drilled in 150ft (45m) of water about 80 miles (130km) off Alaska’s north-west coast. The exploratory well was the first in the Chukchi in 24 years. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Merger of Royal Dutch Shell and BG Group

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Published by Joshua NoonanSeptember 27, 2015

With the declared April 2015 merger of Royal Dutch Shell and BG Group, formerly British Gas, a combination of assets spanning continents is occurring. The completion date of the merger in early 2016 has had some roadblocks. In Kazakhstan’s Karachaganak Field project, the combined group could lead to Shell to hold 29.5% by 2016. Despite this, the government of Kazakhstan may be blocking the transfer of shares.

The Karachaganak Field is a gas condensate field in northwestern Pre-Caspian Basin nearly one hundred miles east of Oral.The Field was discovered in 1979, with production starting in 1984. Upon independence, AGIP, currently Eni, and British Gas, now BG Group won exploitation rights. Thence, in 1997, Texaco (currently Chevron) and Russia’s Lukoil alongside the original signatories and two companies signed a production sharing agreement for forty years. BG Group and Eni possess 29.25% share a peace and Chevron has 18% and Lukoil has 13.%. Upon arbitration and a December 2011 acquisition, KazmunayGas purchased a 10% stake for two billion USD cash and one billion in non-cash consideration. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell awaiting green light to begin Nova Scotia offshore drilling

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Screen Shot 2015-09-17 at 07.55.40Shell says 90 per cent of the supply vessel staff will come from Nova Scotia

25 Sept 2015

Four ships are standing by in Halifax Harbour, waiting for Shell Canada Ltd. to get the green light to hunt for oil in the deep waters of Nova Scotia.

The company expects to begin drilling two exploration wells in the Shelburne Basin within the next few months, pending approval from the Canada-Nova Scotia Offshore Petroleum Board.

“What we are waiting on at this point is the very important regulatory approvals and the availability of the ship conducting the drilling activity,” said Shell spokesperson Cameron Yost. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Here’s How Royal Dutch Shell plc And BP plc Will Be Impacted By A Weak Chinese Economy

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Bidness Etc discusses how European oil majors are impacted by the slowdown in the Chinese economy

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By: Micheal KaufmanSep 25, 2015

The slowing Chinese economy has impacted the overall world economy and various other sectors. According to a Moody’s Investor service report EMEA (Europe, Middle East, and Africa)’s mining sector is totally exposed to the economic crisis, followed by the oil and gas sector. Shipping, chemicals, and auto sector are considerably impacted while some other EMEA sectors including tobacco, telecoms, real estate, healthcare, and railways will be marginally impacted, since they are more regionally focused and their credit worthiness is not genuinely exposed. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Will Shell-funded Energy Transitions Commission help or hinder the low carbon economy?

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Screen Shot 2015-08-13 at 11.35.25By Jessica Shankleman  |  25 Sep 2015

Will Shell-funded Energy Transitions Commission help or hinder the low carbon economy?

Oil giant Shell is backing a new organisation that is being set up to lobby governments to step up their investments in low carbon technologies, with the twin aims of boosting economic growth and tackling climate change.

But the new Energy Transitions Commission, which is due to launch on Monday with €5m to €7m of funding, has already come under fire from some green groups who fear Shell may be using the initiative to further its own aims, particularly its controversial Arctic drilling programme. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell, Statoil among energy companies forging climate advice group

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Screen Shot 2015-08-27 at 14.29.46Green Business | Thu Sep 24, 2015 

Representatives from energy companies including oil heavyweights Shell and Statoil have joined forces to advise on making cleaner energy decisions, the latest push by energy firms to become more pro-active on climate issues.

Shell Chairman Chad Holliday, Statoil Vice-President Bjorn Otto Sverdrup and RWE Chief Executive Peter Terium are among a list of commissioners acting in a personal capacity to advise governments on how to change their energy markets without damaging the environment. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell bets big on India with its second LNG terminal

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Screen Shot 2015-09-25 at 08.10.20Shell expects LNG demand to rise by 5% every year over the next couple of decades while global gas demand is growing at 2%

By: Siddhartha P Saikia | Singapore | September 25, 2015 5:39 AM

Royal Dutch Shell, which set up a 5 million tonne LNG terminal at Hazira in Gujarat nearly a decade back, is targeting to grab a bigger share of the growing demand for imported gas in India. The Hague-based global energy giant is planning to set up a floating LNG facility on the east coast — at Kakinada in Andhra Pradesh.

Recently, Andhra Pradesh Gas Distribution Corporation (APGDC), GDF Suez, Shell and GAIL have signed a memorandum of understanding (MoU) to set up a floating LNG terminal with an initial capacity of 5 mt, which could be doubled at a later stage. “We have been very constructively working on the project (LNG terminal) on the east coast. We really believe in the India gas market,” said Maaten Wetselaar, executive vice present for Shell Integrated Gas in Singapore. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell to advise governments on climate change!!!

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Screen Shot 2015-09-01 at 23.33.36Sep 24 2015, 11:59 ET | By: Carl Surran, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B), BHP Billiton (NYSE:BHP) and GE are teaming up with the McKinsey consultancy and other large companies to advise governments on how to combat global warming without weakening their economies, Financial Times reports.

The companies also are backing a $6M “energy transitions commission” to create a blueprint for a greener global economy in the next 15 years.

But the commission, due to be formally unveiled at a conference in Texas on Monday, already is under fire from some environmental groups who ask if a body supported by fossil fuel companies can offer objective guidance on global warming. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Is Your Pension In Safe Hands With Shell?

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Screen Shot 2015-09-19 at 19.53.08By Lisa Smith: 24 Sept 2015

If you have a pension with oil giant Shell and are worried about what may happen to your retirement savings if you lose your job you need to take specialist financial advice.

Many Shell workers have built up significant retirement savings as high-earners in a well-paying industry.

The company runs the Shell Overseas Contributory Pension Fund – but a key point to remember is the scheme is not an HM Revenue & Customs (HMRC) registered pension.

Unlike the Shell scheme, a Qualifying Recognised Overseas Pension Scheme (QROPS) is a registered pension and operates under a framework of rules administered by HM Revenue & Customs (HMRC).  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Market Skeptics Miss Out on $5.5 Billion From Biggest 2015 Deal

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By Inyoung Hwang: BLOOMBERG.COM 22 Sept 2015

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A fresh drop in in oil prices and political instability in Brazil is making investors miss out on about $5.5 billion in Royal Dutch Shell Plc’s pending takeover of BG Group Plc.

BG closed on Monday at 990.4 pence, about 9.5 percent below Shell’s cash-and-stock offer. The difference in share prices in the deal — the largest in the energy sector in at least a decade — is wider than the average for other global acquisitions bigger than $10 billion, data compiled by Bloomberg show. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Petition to Sign – Minister White: Don’t reward Shell abuses in Ireland

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Screen Shot 2015-09-22 at 08.19.41Dear John,

Interesting to read the two recent articles about Shell/Corrib on your site – Shell’s arrogance, plus their presumption of statutory and ministerial subservient compliance still reign supreme!

Shell could at least have made a cursory acknowledgement of a person’s right to recourse to law by way of Judicial Review of the two presumed consents but, once again, they would appear to know something the rest of us don’t.

I would much appreciate if you could draw your reader’s attention to a Shell to Sea petition addressed to the line Minister Alex White which asks/demands that he refuse Shell consent to operate their ‘Space Shuttle syndrome’ refinery at Ballinaboy. As this is of local, national and global significance, I hope many readers will sign it over the next two days. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Analysts concerned Shell dividend under immense risk

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Will Royal Dutch Shell plc (ADR) (RDS.A) Maintain Dividends?

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By: Micheal KaufmanSep 21, 2015

Analysts are concerned that future of Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) dividend is under immense risk, and expressed concerns that Shell will not be able to deliver its promise of 7% dividend yield. Currently, the American Depository Receipts (ADR) of Shell offers a one-year forward dividend yield of 7.6%, with quarterly dividend payment of 47 cents per share.

The glut in crude supply, China’s economy weakening, and lowered crude demand from Asian and European market has led oil prices to fall from $116 per barrel last June to below $50 per barrel this summer. Share prices of most energy companies have slumped. Companies that were once expecting crude oil prices to recover soon are now taking a long term bearish view of the oil market. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Giant ‘dying polar bear’ appears outside Shell UK headquarters in protest over Arctic drilling

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BY KARA O’NEILL: 21 Sept 2015

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A giant dying polar bear has been placed outside the headquarters of oil and gas company Shell in a bid to stop their Arctic drilling programme.

British actress Emma Thompson was among the protesters who manoeuvred the three-tone puppet into place, locking six people inside so the bear cannot be moved.

The bear, which is the size of a double decker bus, and is named Aurora (after the Northern Lights) is intended to sit outside the company’s headquarter in South Bank, London, until they cease their drilling. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell report says Alaska oil exploration program brings $172.7 million to Puget Sound communities

Shell report says Alaska oil exploration program brings $172.7 million to Puget Sound communities

Screen Shot 2015-09-17 at 07.55.40By CORAL GARNICK: McClatchy News Service: 20 Sept 2015

SEATTLE — Shell Oil, preparing to return its offshore Arctic drilling fleet to Puget Sound as early as next month, has released a study saying that this year and next its controversial Alaska oil exploration program will pump $172.7 million directly into the Puget Sound economy.

That spending is expected to support 1,590 jobs and generate $125 million in wages and $312 million in total economic output, which includes direct, indirect and induced impacts, according to an economic impact study released Wednesday. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell’s high-risk game in the Arctic

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Screen Shot 2015-09-19 at 19.53.08Sunday 20 September 2015 

Ben van Beurden, the Shell chief executive, was on a media blitz last week trying to prop up sagging confidence in his ability to keep paying blue-chip dividends while expanding his empire at a time of very low oil prices. The planned takeover of BG Group is an important test of the Dutchman’s credibility in the City and on Wall Street, but an increasing number of analysts are questioning whether it makes sense with $50-a-barrel oil.

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SOURCE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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