News and information on Royal Dutch Shell Plc
Shell, Petrobras units probed for Brazil price-fixingRIO DE JANEIRO (Reuters) – Brazil’s three largest fuel distribution companies are under investigation for fixing prices at the pump, police said on Tuesday…
Shell to make final investment call on Nigeria oilfield in 2019: official
John Donovan in 1999
You would have thought that any visitor to the website would quickly realize that the site was not operated by Shell. There has always been a disclaimer pointing this out on every webpage. It should also be obvious from other content on the home page.
Nonetheless, it seems that some people still form the impression that it is the official Shell website. We receive all manner of email meant for Shell. It includes hundreds of job applications, business proposals, Shell pension enquiries, shareholder enquiries, complaints, invitations to speak at conferences, and correspondence from the Dutch Defence Ministry and the UK National Maritime Museum.
John Donovan (above) forced name change of worlds biggest ship hired by Shell in 2013
Allseas Shipping Billionaire Edward Heerema, the unlikely victim of scam artists, has admitted in any interview that the only time he has retreated in a battle, is when he agreed to change the name of the worlds biggest ship, originally named after his father Pieter Schelte Heerema.
As regular visitors here are aware, this website and its owner John Donovan played a major role in the campaign against the original Nazi tainted name.
It is to the credit of Edward Heerema that he reluctantly made the change despite his wish to honour a father for whom he had great admiration for his considerable engineering achievements after WW2.
Shell, which has its headquarters in the Netherlands, does business in more than 70 countries: TORU HANAI/REUTERSEmily Gosden, Energy Editor: 27 July 2018
Royal Dutch Shell launched a long-awaited $25 billion share buyback plan as it sought to shrug off disappointing second-quarter results.
The Anglo-Dutch energy group insisted it had had a “very good quarter” as profits excluding exceptional items rose to $4.7 billion, up from $3.6 billion a year earlier, aided by higher oil and gas prices.
The result was significantly below analysts’ expectations of almost $6 billion, however, because of factors including foreign exchange effects and rising operating costs.
You oil investors are one tough crowd. I mean, what do you want, really?
On Thursday morning in Europe, Royal Dutch Shell Plc finally came around and gave the masses what they had been shouting for: a $25 billion buyback program. The masses promptly dumped the stock. On Thursday morning in America, ConocoPhillips announced a slew of forecast-beating results, having recently boosted its own buyback program by $1 billion. But it also said it was raising its full-year investment budget by $500 million. Pearls were duly clutched and “sell” buttons pushed (the stock had moved into slightly positive territory as of writing this).
Oil giant Royal Dutch Shell posted a 30 percent increase in net profit in the second quarter of 2018 and announced a $25 billion share buyback program. Net income attributable to shareholders on a current cost of supplies (CCS) basis, used as a proxy for net profit, and excluding identified items, came in at $4.69 billion, up from $3.6 billion seen in the same quarter a year ago. The earnings fell short of an analyst consensus of $5.967 billion, however, Reuters reported. The company said the earnings “reflected increased contributions from Integrated Gas and Upstream, partly offset by lower earnings in Downstream.” FULL ARTICLE
By Kelly Gilblom: 26 July 2018, 07:21 BST. Updated on 26 July 2018, 08:40 BSTRoyal Dutch Shell Plc finally gave investors the share buybacks they’ve been demanding, even as profit fell short of expectations despite resurgent crude prices. The Anglo-Dutch energy producer said Thursday that it is starting a $25 billion share-repurchase program, initially buying up $2 billion of stock over three months. That should soothe investors who have grown increasingly anxious about when they’ll see the reward for sticking with Shell through the biggest oil-industry downturn in a generation. FULL ARTICLE
Royal Dutch Shell has triggered the start of a long-awaited £19bn ($25bn) share buyback scheme that will reward patient investors over the next two years.
The oil major will kick off the payday by distributing $2bn over the next three months for those shareholders who accepted shares rather than dividends during a downturn in the oil price two years ago.
As the crude market has recovered, Shell has prioritised paying down debt and selling off $30bn in assets over repurchasing the dividend scrips.
Don Marketing Director John Donovan, Shell Mastermind Game 1984
By John Donovan
I recently published an article entitled: Shell Wages Legal Fight Over Web Domain Name royaldutchshellplc.com (the headline of a Wall Street Journal article published in 2005).
The negative outcome for Shell – it lost the case – has had long-term humiliating consequences, which continue to this day.
On a daily basis, ever since, we receive emails meant for Shell. These include job applications, shareholder and pension enquiries, invitations to make speeches, and numerous business proposals, including offers to sell oil wells. We have even received terrorist threats.
SHELL SOLICITED THE INVOLVEMENT OF THE ARMED FORCES AND ENCOURAGED HUMAN RIGHTS ABUSES IN OGONILAND WITH PAYMENTS AND ASSISTANCE TO THE SECURITY FORCES (See Page 3 of the document cited immediately below)During the military raids on Ogoni villages in 1994 and in the detention centres of Bori Military Camp and Kpor, soldiers raped women and girls. Human Rights Watch recorded several accounts in its 1996 report.120 One woman told researchers that she watched as two soldiers raped her 13-year-old sister at gunpoint during a midnight raid on Bori around June 1994. A woman in her late thirties gave a harrowing account of her rape by five soldiers on the morning of 28 May 1994. A teenager said she had been raped by four soldiers whom she and her younger sister encountered one morning in June 1994, as they were returning from a well near their house:
Royal Dutch Shell is under pressure to repay its investors’ patience this week by beginning a bumper $25bn (£19bn) share buy-back plan. The oil giant issued shares to existing investors instead of paying out dividends when oil prices were low as it sought to hang on to cash. As the crude market has recovered, Royal Dutch Shell has so far prioritised debt reduction over repurchasing the dividend scrips. But expectations are high that its quarterly report on Thursday could signal the start of buy-backs. FULL ARTICLE
Speculation by retired Shell experts: Is all well with the Shell Prelude FLNG Project? There have been past dire warnings about potential safety issues relating to the Shell Prelude FLNG Project, including from a knowledgable insider source, who supplied information and photographic evidence to support various allegations.
The LNG tanker Gallina visited Prelude in Mid April, and again in June, with transfer of LNG for purpose of cooling tanks etc, nothing unusual there other than it seems to be taking an awful long time.
Also here is a Project falling over itself in the early days to tell the world how wonderful things were going, but now there appears no update news at all on how the commissioning is going?
By Zoltan Ban: 20 July 2018
By: Carl Surran, SA News Editor: 20 July 2018
By Bobby Magill: July 20, 2018
If Royal Dutch Shell Plc wins a federal lease to build an offshore wind farm in New England this fall, the company will be the first oil major with experience drilling in U.S. waters to enter the fledgling domestic offshore wind market. Shell’s interest in U.S. offshore wind development is seen within the industry as marking a shift toward the mainstream of the domestic energy sector, as offshore wind strengthens ties with the oil industry while harnessing one of the nation’s largest untapped sources of carbon-free electricity.
CAIN BURDEAU: July 19, 2018
CASTELBUONO, Sicily (CN) – Nigeria could learn Friday at a court in Milan whether it can pursue damages against oil giants Shell and Eni in a sprawling international corruption case.
The trial centers on a $1.3 billion bribery deal Royal Dutch Shell Plc. and Italy-based Eni S.p.A. executives allegedly entered into in 2011 with Nigerian officials, including then-President Goodluck Jonathan, to purchase a much-coveted oil field off the coast of Nigeria.
In December 2017, Italian judges in Milan ordered the companies and a number of individuals, including top executives at Shell and Eni, to stand trial. The trial has been slow to unfold and remains in preliminary hearings.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
: Memories of inaccuracies and half truths at BG Group. Aramco welcomes Mark Weinberger to its Board of Directors Yet, Mr Gould still has Chairman of BG Group and Board Member of Saudi Aramco shown on his LinkedIn profile. linkedin.com/in/andrew-gould-8a54b239
: Ex Shell Nigeria finance director, ex BG Group CFO and current Centrica CFO’s rise up the ‘escalator to stardom’ continues as he assumes role of interim chief executive. Worth keeping this company pursuits on the radar and its affiliation with other companies. One of who’s chief executive travelled the same escalator. https://theenergyst.com/ian-conn-exits-centrica-woe-corona/
: Shell Brasil Announces Agreement with Ecopetrol Source Press Release Company Royal Dutch Shell, Ecopetrol Tags Asset Deals, Deals, Upstream Activities Story Focus Deals Date October 21, 2019 Negotiation involves sale of 30% interest in the the Gato do Mato project Shell Brasil Petroleo Ltda. (“Shell Brasil”) announces it has entered into an agreement with Ecopetrol for the sale of 30% interest in the the Gato do Mato project, a pre-salt gas-condensate discovery that covers two contiguous blocks: BM-S-54 and Sul de Gato do Mato. Shell Brasil retains a 50% interest in Gato do Mato and continues as operator of both blocks, with consortium partners Ecopetrol (30%) and Total (20%). “Shell Brasil has an exciting deep water portfolio with operated and non-operated positions that we are exploring, appraising, and developing. This transaction allows Shell Brasil to further optimize the portfolio. We look forward to progressing activities in the Gato do Mato blocks with our partners,” said Shell Brasil Country Chair André Araujo. The deal is subject to regulatory approvals. Let's hope that the regulators don't discover what Shell's Brazil Unitization Team have been up to. The same group of 'Shakespeare's Monkeys', previously employed by BG Group, have been working on the Brazil Asset for over ten years led by the same Front End Development and Integrated Reservoir Modelling Manager (who had been laughingly promoted to VP Developments to boost their status for the takeover by Shell). They have woven a considerable web of lies and deceit, and by playing games and politics with Petrobras have failed to do any serious technical work on this Asset. After all as long as there is significant production, who gives a hoot about where it comes from! Seriously though, it is about time the whole group were disbanded from their cozy 'ring fenced' workspace and introduced to the outside world. Shareholders might wish to ask why these particular employees receive 'special' treatment and are isolated from the dreadful flexible workspace other employees have to endure.
: Shell Energy customer score
Shell Utility came 29th out of 35 energy companies rated by 7,355 members of the public in the annual Which? energy supplier satisfaction survey - the biggest of its kind.
: Customers may not be aware of the discrete business segments in the Shell company or that Shell Energy is a distinct entity. From the numerous responses, they just see a company incapable of dealing with problems, which leads to excessive frustration. Maybe the solution is a single point contact for specific issues. As Sarah Franklin (ex BG Group chief counsel) noted in a previous publication that emotional intelligence was pivotal to success, maybe she could advise on how to relieve stress, communicate effectively, empathize with others, overcome challenges and defuse conflict, with Shell customers. Or is she too busy with complex safety and environmental issues on Prelude?
: A date worth forgetting? How incompetence is rewarded. Monday 15th February 2016 RECOMMENDED CASH AND SHARE OFFER FOR BG GROUP PLC BY ROYAL DUTCH SHELL PLC Feb 15, 2016 Royal Dutch Shell plc (“Shell”) is pleased to announce that the Scheme has become effective and that the entire issued ordinary share capital of BG Group plc (“BG”) is now owned by Shell. This follows the Court’s sanction of the Scheme at a hearing held on February 11, 2016 and the delivery of the Court Order to the Registrar of Companies today, February 15, 2016.
: Are Rob Jager’s idiotic statements (August’19 blog #52) coming back to trouble him? Another article in the Western Australian (23.05.19), “Shell Veteran, states the project is not driven by milestones or schedules, but by safety”, where Jager wants to methodically take his team through identifying and managing the risks towards Shell’s goal of zero incidents. However, this would appear to be in conflict with the CFO Jessica Uhl expectations of first cargo by the end of June of that year. The article also notes he was a director of Air New Zealand and chaired its safety committee. The ex BG Group chief executive who also salivated his commitment to safety during his tenure, is now non-executive with Rolls Royce and chairman of the ethics and safety committee. Issues with poor durability of components in Rolls Royce Trent engines for Boeing 787 are now apparent and more recently the regulator has recently issued a Safety Order, for what would appear to be a separate issue. Senior managers and executives may understand the commercial aspects of their business, but when found lacking in the technical aspects, they should be called to account, before they pass through the revolving door of opportunity and move on. Previous warning signs are conveniently forgotten, is this acceptable?
: Prelude to disaster? https://www.oedigital.com/news/475328-prelude-flng-shut-down
: Rumour has it is that the problems are due to malfunctioning valves that are being replaced hence the intrusive entry into plant, a very unusual and unwelcome occurrence it seems causing the operators to make short cuts, begs the question If shortcuts are being taken elsewhere? if this type of behaviour is prevalent and not discouraged in one area it can be contagious, no idea what valves and where in the process but likely to be a factor in the under performance of the plant reference design outputs.
: Having worked on LNG facilities and having seen the devastation of one going wrong, concerns posted on this blog about the risks posed with Prelude FLNG, were perfectly justified. But ‘as one would expect’, Shell would have considered and accounted for these risks! How else could they justify “Goal Zero ambition is to achieve no harm and no leaks across all of our operations”? However, ‘as some would know’, when costs are escalating , talk is cheap. Recent concerns raised by the Australian regulator that Shell has not ensured “best practice” for its isolation procedures on Prelude FLNG, must raise warning signs. But how can these concerns be warranted? In 2014 an article alluded to the role of Shell lawyers in collaboration with all aspects of the project, including safety regulation. If you believe the media, the acquisition of BG Group lawyers should enhance this type of collaboration. One such article centred on the responsibilities of Sarah Franklin (BG chief counsel), which included health and safety, who has inherited a new team that focuses on complex safety and environmental issues. There can be no more complex safety and environmental asset in the Shell portfolio than Prelude FLNG, yet there would appear to be a deficiency in a fundamental work control system, their isolation procedures. The article also noted her other skill sets, such as setting up BG’s first whistleblowing programme. Other’s will attest that this programme was unquestionably fallacious. As noted in a previous blog if you are a Shell employee with concerns, especially those with a safety connotation and you wish to engage with her………. beware.
: Shell plans to divest assets worth $10Bn by 2021 and is reportedly looking to exit the Abadi Liquid Natural Gas (LNG) Project in Indonesia, which could raise between $1Bn and $1.6Bn
: And the trough gets deeper..... Sound Energy, the Moroccan focused upstream gas company, announces, further to the Company's announcement of 20 January 2020, that the Company has today issued 5,805,555 new ordinary shares in the Company (the "New Ordinary Shares") to Brian Mitchener, the Company's Exploration Director, at an effective issue price of 1.86 pence per New Ordinary Share in connection with the termination of his employment contract. As previously announced on 20 January 2020, Mr. Mitchener will step down from the Board with effect from 31 March 2020.
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