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September, 2016:

Do what I say

Sep 23rd, 2016
by John Donovan.
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By Ed Crooks: September 23, 2016

One of the most reliable features of negotiations over oil production is a divergence between what countries say and what they do.

Three weeks ago, Russia and Saudi Arabia were discussing co-operation to stabilise the oil market. This week there was talk of a year-long agreement between Russia and Opec to cap production. At the same time, however, Russia has been stepping up its drilling in the mature fields of western Siberia, taking its oil output to new record highs. Its production is forecast by Goldman Sachs to grow a further 590,000 barrels per day over the next three years. 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 70-year dividend record at risk

Sep 22nd, 2016
by John Donovan.
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By Lee Wild | Thu, 22nd September 2016

Running an income fund has been fairly straightforward for the past few years. Drug giants like GlaxoSmithKline (GSK) and AstraZeneca (AZN) have kept up shareholder returns and the telecoms sector has offered rich pickings. So have BP (BP.) and Royal Dutch Shell (RDSB). However, income plays are becoming more expensive, and now we’re hearing that Shell’s dividend record is in serious danger.

Shell has not cut the dividend since the Second World War; it’s a fact we love to repeat whenever the conversation turns to the oil sector and dividends. And, despite a 55% rally since late January, the shares still offers a prospective dividend yield of 7.3%. 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.

Exclusive: Maersk Oil eyes Shell’s North Sea assets ahead of spin-off

Sep 22nd, 2016
by John Donovan.
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screen-shot-2016-09-09-at-20-58-10By Ron Bousso and Jonathan Saul | LONDON

A.P. Moller-Maersk (MAERSKb.CO) is in talks to buy a portfolio of North Sea assets from Royal Dutch Shell (RDSa.L) as the Danish group considers adding scale to its oil and gas business ahead of a planned spin off, banking sources said.

Maersk announced on Thursday a major overhaul that will see it focus on its core transport and logistics businesses, while looking at options for its energy division within 24 months that could include a joint venture, merger or listing. 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 says Norco, Louisiana chemical plant upset triggers flaring

Sep 22nd, 2016
by John Donovan.
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screen-shot-2016-09-09-at-20-58-10Thu Sep 22, 2016 | 5:53pm BST

Royal Dutch Shell Plc (RDSa.L) said flaring on Thursday at the Norco, Louisiana manufacturing complex shared with the Motiva Enterprises [MOTIV.UL] refinery was due to an upset in the company’s chemical plant.

The refinery and chemical plant share the safety flare system at the complex and when the flare goes off it is sometimes reported as being due to a malfunction at the refinery.

(Reporting by Erwin Seba; Editing by Chizu Nomiyama)

SOURCE

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.

Low oil forces Shell Houston reshuffle

Sep 21st, 2016
by John Donovan.
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Written by Rita Brown – 21/09/2016 7:00 am

screen-shot-2016-09-09-at-20-58-10Shell has made plans to move the bulk of its staff out of its historic Houston base.

The company informed staff that more than 3,400 workers would be relocated from its base in the Houston Central Business District to its facilities on the west side of the city.

Shell’s base, known as One Shell Plaza, was completed in 1971. At the time it was the tallest tower in the city. A spokesperson confirmed that only staff in trading will remain at site, which makes up part of the downtown Houston skyline. 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 drops first deepwater well off Nova Scotia due to lack of oil

Sep 21st, 2016
by John Donovan.
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screen-shot-2016-09-09-at-20-58-10By: Staff The Canadian Press Published on Wed Sep 21 2016

HALIFAX — Shell has plugged the first of its deepwater exploration wells off Nova Scotia, saying it didn’t find enough oil to make it worth proceeding.

The well is located about 250 kilometres offshore of Halifax on the Scotian shelf.

The company says in a news release that the work on the Cheshire well was completed last week.

It says it has started working on a second exploration well, Monterey Jack, at a location about 120 kilometres southwest of the Cheshire location. 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.

Namesake tenant departing One Shell Plaza

Sep 21st, 2016
by John Donovan.
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screen-shot-2016-09-21-at-07-24-51The move will affect 3,400 employees when it takes place early next year as part of “an effort to meet the ever changing market conditions and optimize resources for future opportunities,” Shell said in a statement Tuesday. Employees will move to the company’s Woodcreek facility and Shell Technology Center on the west side of town.

Those who work for Shell’s downtown trading operations will stay put, although the company said it eventually plans to have all of its Houston-based staff in company-owned facilities on the west side. 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.

5 Oil Majors, One Big Nigeria Lawsuit

Sep 20th, 2016
by John Donovan.
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September 20, 2016, 4:48 P.M. ET

By Dimitra DeFotis

Allegedly illegal Nigerian oil exports valued at $12.7 billion are at the heart of a lawsuit the country has filed against units of Chevron (CVX), Royal Dutch Shell (RDSA), Total (TOT) ENI (E) and Petroleo Brasileiro (PBR).

The case points to outsiders’ shipments to the United States between 2011 and 2014, but is likely to expose domestic corruption as well. Militants have crippled Nigeria’s oil production this year, a recurring theme over recent decades. Lagos hearings, which begin next week, come as the country struggles with the affects of policy stagnation, currency devaluation, inflation and low oil revenue. 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 moving out of downtown complex but to remain in Houston

Sep 20th, 2016
by John Donovan.
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Tue Sep 20, 2016 | 8:49pm BST

Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc, plans to move most of the operations at its company’s downtown headquarters to new offices on the city’s west side, Shell announced to employees on Tuesday.

Only Shell Oil’s U.S. trading floor with remain in Shell Plaza after the first quarter of 2017, the company said in a statement.

Shell follows ExxonMobil Corp, which relocated 10,000 employees from offices across Houston, including downtown, to a custom-built complex 25 miles (40 km) north of the city in 2015. 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.

Nigeria sues oil companies for $12.7B over “illegal” oil exports

Sep 20th, 2016
by John Donovan.
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Sep 20 2016, 15:19 ET | By: Carl Surran, SA News Editor

Nigerian officials say the government is suing several major oil companies for $12.7B of oil that allegedly was exported illegally to the U.S. during 2011-14.

The Federal High Court in Lagos begins hearings next week in cases filed against Nigerian subsidiaries of Chevron (NYSE:CVX), Royal Dutch Shell (RDS.A, RDS.B), Eni (NYSE:E), Total (NYSE:TOT) and Petrobras (NYSE:PBR).

The officials say the government alleges that the companies did not declare more than 57M barrels of crude oil shipments. 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 cuts 225 jobs in Norway

Sep 20th, 2016
by John Donovan.
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Written by Niamh Burns – 20/09/2016 9:46 am

Oil major Shell has cut 225 positions from its operations in Norway following its takeover of BG Group.

The company said in May it would be making around 140 employees redundant with staff able to apply for severance packages.

According to reports in Norwegian media, 145 employees have lost their jobs while another 110 members of staff will also go.

A spokesman for the company said while some workers had taken voluntary redundancy, Shell would need to look at making additional job cuts. 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 Australia’s giant Prelude floating LNG project likely to come on stream in 2017

Sep 20th, 2016
by John Donovan.
1 comment

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20 September 2016

Royal Dutch Shell is building the world’s largest floating liquefied natural gas (FLNG) project, which has the potential to transform the way natural gas resources are developed. It is designed to recover resources offshore that would otherwise be too costly or difficult to develop without the need to lay pipelines and build processing plants on land. In this article, Hazardex takes a look at the latest developments in this ground-breaking project.

The Prelude natural gas field was discovered by Shell in the Browse Basin off north Western Australia in 2007 with an additional field, Concerto, discovered nearby in 2009. Combined, these gas fields have around 3 trillion cubic feet of liquids-rich gas. The Australian Government gave the Prelude FLNG project environmental approval on November 12, 2010, and Shell took the final investment decision (FID) on May 20, 2011. 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 Canada investigates after electrical explosion occurs at Edmonton-area refinery

Sep 20th, 2016
by John Donovan.
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screen-shot-2016-09-09-at-20-58-10By Phil Heidenreich: 19 Sept 2016

Shell Canada said three of its employees are back at work and doing well after experiencing an “unexpected electrical arc flash” at the company’s Scotford oil refinery and chemical plant Sunday.

In a statement to Global News, Shell Canada said the workers were taken to the company’s health centre as a precaution and “cleared for full duty later that evening.” The company said it’s now investigating what caused the incident.

The U.S. Department of Labor defines an arc flash as a “phenomenon where a flashover of electric current leaves its intended path and travels through the air from one conductor to another or, or to ground.” It said the when arc flashes occur with people nearby, “the results are often violent” and can lead to serious injury or death. 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 and BP have lost billions – now the low price of crude is hurting other firms too

Sep 19th, 2016
by John Donovan.
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By LAURA CHESTERS FOR THE DAILY MAIL: 19 September 2016

Oil is slowly climbing back to $50 a barrel as a deal between Saudi Arabia and Russia and an agreement on production in Venezuela helped to stabilise prices.

The production agreements could finally give some assurances to dozens of companies who have suffered since crude slumped from $114 a barrel in 2014 to $28 early this year.

Oil supermajors such as BP and Shell have been high-profile casualties, losing billions in profits.

They’ve written off billions of pounds and have had to slash tens of thousands of jobs as they change their businesses to cope with the reduced profits. 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.

What Is Really Pushing Oil Prices Down?

Sep 19th, 2016
by John Donovan.
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Gaurav Agnihotri: 19 Sept 2016

Oil prices fell last week after the IEA and OPEC reported in their respective oil market reports that the supply-demand rebalancing of oil will take longer than market expectations. The WTI (WTI) and Brent were down by almost 2% and were trading at $43.3 and $45.77 at the time of writing this article. Even the U.S rig count increased for the 12th week in a row. Oil prices are going down as markets have realized that global oil supplies are only going to increase in the coming time. “It really looks similar to the period of the early 1990s, when we were at $20 oil. Is $45 to $50 the new $20? I am not ready to say we are in this new equilibrium environment, but it sure does feel like we’re moving in that direction,” said the head of commodities research at Goldman Sachs (NYSE:GS), Jeff Curie. It must be noted that investment firms such as Goldman Sachs have started lowering their 2017 forecast for oil prices. Let us look at those factors that are putting downward pressure on oil. 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.

What Royal Dutch Shell Is Doing To Solve LNG’s Biggest Challenge

Sep 19th, 2016
by John Donovan.
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By Gary Bourgeault: 19 Sept 2016

There is one basic thing Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) needs to do to take full advantage of its LNG strategy, and that is to boost demand by increasing the number of fueling stations in the markets they’re competing in.

It has been marketing its LNG brand for some time, but it hasn’t had the desired impact in the short term because the infrastructure isn’t in place to respond to demand. If it can’t service demand than marketing efforts are underwhelming to say the least. 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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