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.
: If Prelude is planning to complete a swivel swap out or repair, it is at least 3 months of work. But that is for a typical NS FPSO, the massive Prelude unit is one of a kind. And no spares were manufactured with 2 production paths. (Operating one at temporary high rates could be done.) Based on the news reports it sounds like both production swivels have failed or have leakage into the secondary containment system. Possibly due to the delays in operation? But this is just one piece of the puzzle. Putting the entire upstream processing facility, gas conditioning, liquefaction, storage and export on one site is just asking for problems. You can not comply with NFPA 59A separation distances...
: Prelude again
Wonder if the Shell Australia Chairman is still pleased with the “progress being made”.
Bill
: https://www.energyvoice.com/oilandgas/271096/petrofac-new-ceo-asfari-retire/ The revolving door continues to spin, BG Group / Shell ‘executive’ demonstrates cronyism is alive and flourishing. Yes, this was the COO that believed corporate projects could be controlled under (what was eventually validated to be flawed) the Value Assurance process, while he sampled corporate hospitality and champagne at Wimbledon.
: More on Shell's fumblings: https://seekingalpha.com/amp/article/4378196-royal-dutch-shell-energy-transition-woes
: Looking at the senior executive org charts revealed last week, seems there is not a lot of “Reshape” at that level... Looks like the worker bees will be sacrificed again...
: Looks like Stacey Orlandi never stays long enough in one job for very long. I suppose long enough to be seen and then off to the next one. I wonder what she left behind for others to clear up? Neither did Walter or Malcolm and see where that got us.
The point I find difficult to swallow is her role as Refinery Manager. After two years in procurement in an office somewhere she spends a year as a production Manager and then become THE refinery manager of the Cherry Point Refinery, capable of refining 250k barrels a day plus converting Diesel from biomass etc, a large and complex plant.
Anyway, we shall see.
: Bogus Group, hopefully the Executives will be 'executed' and we will be saying 'goodbye' to these worthless, low integrity, sociopaths to whom probity is alien.
: Does the statement “It is very painful to know that you will end up saying goodbye to quite a few good people. I know I, and many others in Shell, will be saying goodbye to people we know well and really like and who have great loyalty to the company” mean that executives will be saying goodbye to good people, or good people will be saying goodbye to executives?
: More on Shell's proposed Upstream cost cutting. https://oilprice.com/Energy/Energy-General/Shell-May-Cut-Upstream-Oil-Operations-By-40.amp.html
: Perhaps time to clear out the Brazil Asset? https://uk.mobile.reuters.com/article/amp/idUSKCN26C0GI
: USA USA USA. BG Group was an Internet Cafe and Cappuccino Lifestyle company that could not get its ducks lined up in a row for the simple reason that it didn't know what a duck is. In consequence, its goose was cooked.
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