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November, 2016:

Dutch groups demand tighter curbs on Groningen gas production

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screen-shot-2016-11-17-at-19-09-24A top Dutch court has received 25 appeals against the government’s decision to cap production at the Groningen gas field at an annual figure of 24 billion cubic metres from protesters who think it does not go far enough.

Several groups in the region had asked for a steeper reduction to prevent earthquakes, which have damaged thousands of structures in the northern province.

Output from Groningen, which once supplied 10 percent of demand in the European Union, has halved over the past two years after the Dutch Safety Board said the government was failing to protect citizens from earthquakes triggered by gas exploitation. 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 Reaches $5.1 Billion Debt Settlement With Oil Majors

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By Elisha Bala-Gbogbo and Rakteem Katakey: November 17, 2016

Nigeria reached a $5.1 billion settlement to reimburse foreign oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc for past operating costs.

The amount, less than the $6.8 billion previously discussed, will be settled through crude-oil sales over five years and will be interest free, Petroleum Minister Emmanuel Kachikwu told reporters in the capital, Abuja, Thursday.

“What we have been able to put together has enabled us to shave about $1.7 billion in savings for the federal government from the $6.8 billion that was owed,” he said. “The barrels to pay those will come from incremental barrels generated by the oil companies, not from the current 2.2 million-barrel-a-day production. 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.

How Royal Dutch Shell plc Has Changed in the Past Three Years

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SHELL EMPLOYEE AT WORK. IMAGE SOURCE: ROYAL DUTCH SHELL.  

By Reuben Gregg Brewer (ReubenGBrewer: Nov 17, 2016

Royal Dutch Shell plc (NYSE:RDS-A) (NYSE:RDS-B) is one of a small collection of international energy giants. That group, which includes companies like ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX), as a whole, is thought of as oil companies. But over the past few years, Royal Dutch Shell has taken steps to tip the balance toward natural gas, a key difference investors need to know about. 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 refinery faces another fine for 2015 emissions incident

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By KIMBERLY CAUVEL @Kimberly_SVH
: 17 November 2016

The Northwest Clean Air Agency has fined Shell Puget Sound Refinery near Anacortes $133,000 for emissions and related odors released from the refinery last year.

The air agency, which regulates air quality in Whatcom, Skagit and Island counties, announced the fine Wednesday.

According to a news release, the regional air agency received dozens of complaints in February 2015 about odors coming from the refinery, and found after investigating that the refinery had emitted various chemicals and “failed to meet general duties to follow good air pollution control practices.” 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 North Sea oil trading draws spotlight again this year

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screen-shot-2016-11-09-at-20-26-36* Shell builds large position in BFOE forward cargoes

* Crude price differentials, Brent market structure weak

* Shell’s Forties sales to Asia in Jan had supported Brent

By Alex Lawler and Amanda Cooper

LONDON, Nov 17 Royal Dutch Shell has snapped up a large volume of North Sea oil that helps set the global Brent benchmark, trade sources said, the second time this year that its trading activities have attracted the glare of the spotlight.

Shell, the world’s second-largest oil company, runs some of Europe’s biggest refineries, including the 404,000-barrels-per-day Pernis facility, and is one of the biggest traders in the North Sea crude market, the home of the Brent benchmark. 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 job shock adds to employment fears

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Greig Cameron, Scottish Business Editor: November 17, 2016

Shell has dealt a “devastating blow” to 380 finance workers in Scotland by announcing plans to cut jobs and move functions overseas.

The decision came as official figures showed that unemployment in Scotland had dropped again — although there are concerns about the strength of the labour market.

The oil giant said it intended to close its business operations site on Bothwell Street in Glasgow over the next 15 months. The work will be transferred to lower-cost countries, with the company having offices handling business operations in the Philippines, Malaysia, Poland, India and South Africa. 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 leases former Michael Baker headquarters

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screen-shot-2016-11-10-at-21-16-18Shell leases former Michael Baker headquarters

By Jared Stonesifer [email protected]

BRIGHTON TWP. — Shell Chemicals Co. has entered into a short-term lease of the old Michael Baker International headquarters on Dutch Ridge Road.

Shell spokesman Michael Marr said Wednesday the 76,000-square-foot building will be used to house employees during the five-year construction phase of a cracker plant in Potter Township. Those employees will be tasked with moving the site from a construction phase into an operational phase, Marr said. 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.

Does Shell have a secret growth business in the US?

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Philip Whiterow16 November 2016

Shell PLC (LON:RDSB) may be sitting on an undiscovered jewel with its onshore acreage in the US according to analysts at Deutsche Bank.

The German broker notes that prospects in the US Permian Basin are now changing hands for up to US$45 per acre, which puts a value of US$10bn on its 2bn barrel Delaware position.

That is three times Deutsche’s previous estimate, but rather than suggesting others in the industry were overpaying, as it had been, the broker concedes it may have missed a trick on the potential within Shell’s US tight oil assets. 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.

BvB has truly lost the plot

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It is amazing that these “difficult choices” are all falling at the door of the lowest paid employees of Shell and yet the vastly inefficient and “fat” middle and upper level management just seems to keep on expanding.

With such low activity levels due to the transition away from oil and gas, low oil price and smaller geographic focus of Shell one would have thought that these highly paid meeting organisers would face the chop rather than the people doing actual work.

It is sad to say but it seems BvB has truly lost the plot after such a promising start and now tries to dig himself out of his own hubris after so many poor choices prime of which is the overpaying for BG. 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 Tops Ranks Of Ideal Oil, Gas Employers

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By Irina Slav – Nov 15, 2016, 10:10 AM CST

Shell has emerged as the number-one employer in the energy industry, according to a Rigzone survey among 8,400 respondents in more than 100 countries. This is the first survey of this kind since the start of the price slump.

The top 10 of the best employers in the industry, according to the survey, is occupied by Big Oil and Big Oilfield Service, with Chevron at #2, Exxon at #3, and BP at #4. Halliburton was fifth, followed by Schlumberger, Aramco, Total, Baker Hughes, and Weatherford International at #10. 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 to axe 380 finance jobs in Glasgow in favour of cheaper offices overseas

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By Emily Gosden, energy editor: 16 NOVEMBER 2016 • 1:38PM

Royal Dutch Shell is to axe 380 jobs in Glasgow as it shuts its only UK finance operations office in favour of cheaper locations in Poland, India, South Africa, Malaysia and the Philippines.

The oil giant’s announcement that it plans to close its Bothwell Street office in the city as part of its cost-cutting drive brings the total number of jobs shed from its UK operations over the past 18 months to more than 1,350.

Staff in the Glasgow office, who undertake back-office administrative tasks such as processing invoices and managing travel and expenses, face “involuntary severance” as Shell moves their work to other offices in its “global Shell Business Operations network”. 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 jobs axed as report warns on future for oil market

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Wednesday 16 November 2016

Shell is to axe its Glasgow operation with the loss of 380 jobs as a new report warns of a “boom/bust” cycle in the oil industry.

The cuts are in response to the low oil price – which is already hurting the Scottish economy amid thousands of job cuts in North Sea production.

Shell said the decision to close its finance operation in Glasgow, which will take place by 2018, came about as it was taking “difficult choices” in order to remain competitive. 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 to cut 380 jobs in Glasgow finance office

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Rob Davies: Wednesday 16 November 2016

Oil giant Shell is to shift nearly 400 jobs overseas as it looks to shore up its finances against persistently low oil prices by hiring cheaper workers in the developing world.

The Anglo-Dutch supermajor told 380 staff at its finance operations in Glasgow that the office would be closed and they were facing “involuntary severance”.

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.

Corrib gas sales surpass €335m

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The Irish Police are said to be in the pocket of Shell

The Irish Police are said to be in the pocket of Shell

Gordon Deegan:Wednesday, November 16, 2016

Sales of more than €1.2m a day are being generated from gas flowing from the Corrib field off the Mayo coast, new figures show.

Production started on the field at the end of last year and for the first nine months of this year, the Corrib partners — including Shell, Statoil, and Canadian company Vermilion Energy — recorded estimated revenues of $360m (€335m) from the production of gas from the field.

A new report from Vermilion — which has an 18.5% stake in the project — show that it, alone, has generated sales of $66.42m from the first nine months of production. According to Vermilion production volumes on the project reached full capacity at the end of second quarter of this year. 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.

40,000 Nigerians take Shell to UK court over oil spills

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Online Editor: November 16, 2016

UK based oil firm, Shell, is facing fresh environmental claims in a London high court from two Nigerian communities who have suffered pollution episodes following repeated large scale oil spills from the oil giant’s pipelines in the Niger Delta.  

This is according to a statement released Tuesday by Leigh Day, a London based law firm, which was signed by David Standard, its head of media relations.

The two separate legal actions are being brought by law firm Leigh Day who represented the Bodo Community against Shell in an unprecedented environmental claim resulting in Shell agreeing to pay compensation package of £55million to the Community and 15,600 Nigerian fishermen whose livelihoods had been destroyed by Shell’s oil pollution.    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 vs BP: which oil giant should you buy?

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By James Connington14 NOVEMBER 2016 

In the hunt for income‑producing stocks, BP and Royal Dutch Shell are two obvious candidates.

Both have so far kept dividend promises made before the oil price crash, leading to hefty yields: 7pc for BP and 6.7pc at Shell. But which firm is better placed to sustain such attractive dividends?

At first glance, it can look like splitting hairs. Each is prioritising dividend payments, although there is little chance of dividend growth.

Both have taken significant action to cut costs and sell assets in response to the lower oil price. 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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