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Daily Mail: Shell’s profits rocked and share buy-back put in doubt as it’s hit by the slumping oil price

Oil giant Shell has experienced a large fall in third-quarter profits due to weaker oil prices.

Earnings after stripping out fluctuating expenses fell 15 per cent to £3.7billion, well below estimates it might reach almost £5billion.

Shell was able to charge an average of £43.25 per barrel of oil it produced in the quarter, down from £52.69 in the same three months last year. It was even more than a dollar lower than the second quarter price. 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

Doctors and nurses join Extinction Rebellion protesters for demo at Shell’s London HQ

  • Extinction Rebellion activists entered the sixth day of their ongoing demonstration in London today   
  • More than 100 healthcare professionals gathered outside Shell HQ to highlight deaths caused by air pollution
  • Climate change activists are also marching in a funeral procession down Oxford Street in a ‘grief march’ 
  • Police announced there have been 1,290 arrests in connection with the ongoing protests across London

Doctors and nurses joined Extinction Rebellion protesters today as ‘stretched’ police call in backup from Scotland – and warn that protests are impeding their ability to attend to other crime.

More than 100 healthcare professionals have joined the sixth day of climate change protests in London. Doctors, nurses and medical students were among those demonstrating at Jubilee Gardens, near oil giant Shell’s London HQ, on Saturday in the ‘Health March for the Planet’. 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

Mail On Sunday: Energy giant Shell makes a U-turn on its taxi app despite investing millions

Energy giant Royal Dutch Shell is reversing its attempt to break into the taxi market despite investing millions in an app aimed at boosting drivers’ fares while trying to tackle climate change.

The company launched its FarePilot app last year and has jointly invested $8.8million (£7.1million) with the venture arm of Boston Consulting Group.

The app was designed to help private hire and taxi drivers make more money while cutting emissions by guiding them away from congested areas and towards customer hotspots. 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 in talks with Australian government after receiving £415m tax bill

Royal Dutch Shell is in talks with the Australian government after it was hit with a £415m tax bill.

The Australian Taxation Office claims the Anglo-Dutch oil major avoided paying tax on its 27 per cent stake in the £16.5 billion Browse gas project in seas off the coast of Western Australia.

Court documents show Shell’s primary company in the country, Shell Energy Holdings Australia, has been in a dispute with the tax body for six years over the issue, the Guardian reported. 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 BE A BIG PLAYER IN CONTROVERSIAL MICROPLASTICS

SHELL TO BE A BIG PLAYER IN MICROPLASTICS

By John Donovan

The timing of President Trump’s delayed visit to Shell’s new Pennsylvania Petrochemicals Complex, which will produce more than a million tons of plastic in the form of tiny pellets, turned out to be unfortunate.

It happened to coincide with the release of scientific research and evidence about the unknown consequences of airborne microplastics on the heath of “birds, fish, whales and people”.

Please read the extracts below from various news organisations covering the Trump visit, which inevitably was surrounded by controversy and scandal. 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

Daily Mail: Shell boss claims he supports climate-change protesters as profits at the oil giant fall by a quarter

Hot air? Shell boss Ben van Beurden said that ‘as a society, we are not doing enough’ to meet targets to reduce harmful carbon emissions

Shell’s boss said he supports the ‘mobilisation’ of climate-change protesters but criticised property damage and ‘people being put in jeopardy’.

Following a wave of mass demonstrations organised by the Extinction Rebellion group, Ben van Beurden said that ‘as a society, we are not doing enough’ to meet targets to reduce harmful carbon emissions. 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

Oil fat cat Shell CEO Ben van Beurden cashes in

Ben Van Beurden’s total pay package soared by 126% last year: Last year, over a quarter of Shell’s investors voted against Mr van Beurden’s pay at the energy giant’s annual meeting

The boss of oil and gas giant Royal Dutch Shell received a 126 per cent pay rise last year.

Chief executive Ben Van Beurden pocketed over £17million, including a long-term incentive plan linked sum of £12.8million, up from £7.6million, and a £2.5million bonus.

In its latest results, the group said: ‘As a consequence of the LTIP vesting in particular, the single figure of remuneration for the CEO is significantly higher this year than in previous 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

Traumatised Nigerian widows confront Shell in Dutch court

The husbands of Victoria Bera (L) and Esther Kiobel (R), were executed in 1995

The widows of four Nigerian activists executed by the military regime in the 1990s launched a court case in the Netherlands Tuesday against oil giant Shell for complicity in their deaths.

Esther Kiobel, whose husband Barinem was hanged in 1995 along with famed writer Ken Saro-Wiwa and seven others, said the “horrible” experience had left her “traumatised”.

The widows allege that Anglo-Dutch Shell helped in the arrest of the men, who had sought to peacefully disrupt the oil giant’s work in Nigeria’s Ogoni region because of health and environmental impacts.

Shell said it was “inconceivable” that it could have been involved in the death of the men.

Kiobel and one of the other widows, Victoria Bera, were in court in The Hague for opening arguments in the case against Shell, while the other two women whose husbands were killed were denied visas to attend.

“My husband had a good heart. Now I am a poor widow who has lost everything,” Kiobel was quoted as telling the court in The Hague by Dutch news agency ANP.

“The abuses that my family and I went through were a horrible experience that has traumatised us to this day,” added Kiobel, who fled Nigeria in 1998 and now lives in the United States. 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 boss Ben Van Beurden facing a shareholder revolt over his £7.8m pay packet

The boss of oil giant Shell is facing the threat of a revolt over his £7.8million pay packet.

Institutional Shareholders Services, a leading investor advisory group, is recommending that Ben van Beurden’s pay is voted down at the annual general meeting later this month.

ISS said it also wants more information about how the 60-year-old’s bonus was affected by an incident in Pakistan in 2016, when a fuel tanker operated by a Shell Pakistan contractor exploded, killing more than 200 people. 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

Selection of Shell related news stories 16 March 2018

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

Eni and Shell trial over Nigeria kickbacks postponed

Eni and Shell stand accused of handing out bribes during the 2011 purchase of an offshore oil block estimated to hold 9 billion barrels of crude, for $1.3 billion

A trial for oil giants Eni and Shell over bribery and corruption allegations in the purchase of an offshore oilfield in Nigeria was delayed for two months on Monday.

The trial had been set to start in a Milan court, but the judge said that, due to a high number of cases, it would be transferred to another chamber to avoid further delays. 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

Oil giant Shell wins latest UK court fight over Niger Delta pollution claims

PRESS ASSOCIATION

Oil giant Shell has defeated the latest legal bid by thousands of Nigerians to have their damages claims over pollution dealt with by the English courts.

Last year, a judge in London made a ruling which meant that any compensation actions by two Nigerian communities affected by oil spills would have to be heard in Nigeria.

The communities later went to the Court of Appeal to challenge the decision of Mr Justice Fraser.

On Wednesday, judges in London dismissed their appeal by a majority of two to one. 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 entangled in Nigerian bribery: Ex bosses at oil major set to stand trial in Italy

Oil majors Shell and Eni, and ex-bosses at both firms, are due to stand trial in Italy over alleged corruption over an £800million field in Nigeria.

Former Shell director Malcolm Brinded, 64, who was given a CBE in 2002 for services to the oil and gas industry, is among 15 accused, including Eni’s chief executive Claudio Descalzi.

Prosecutors say a large part of around £800million paid by Shell and Eni in 2011 was distributed as bribes.  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

Eni and Shell to stand trial in Italy over Nigeria kickback scandal

Oil giants Eni and Shell will stand trial in Italy over allegations of bribery and corruption in the 2011 purchase of an offshore oil block in Nigeria.

…email exchanges between Shell management cited in a report by corruption watchdog Global Witness, and seen by AFP, suggest that Shell was aware the money was likely to be funnelled to individuals, including Etete and Jonathan.

Italian giant Eni and fellow petroleum company Shell will stand trial in Italy over allegations of bribery and corruption in the 2011 purchase of an offshore oil block in Nigeria.

A judge in Milan ordered Eni, Shell and key figures such as Eni chief Claudio Descalzi and his predecessor Paolo Scaroni to stand trial in proceedings to begin March 5. 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

Female staff at oil giant Shell earn a FIFTH less than their male colleagues

  • Royal Dutch Shell’s gender pay gap report showed a difference of 22.2 per cent 
  • The oil giant said the gap was largely down to the lack of women in senior roles 
  • Two-thirds of the group’s employees are male and just 33 per cent are female

Female staff at Royal Dutch Shell earn more than a fifth less than their male colleagues, the oil giant has revealed.

The FTSE 100 group’s gender pay gap report showed a difference of 22.2 per cent on average for male and female employees in the UK.

But it said it was ‘confident we have equal pay’ and stressed the gap was largely down to the lack of women in senior management roles and higher-paid technical and trading jobs.

Two-thirds of the group’s employees are male and just 33 per cent are female, it said. 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

A billion US dollars poured into Royal Dutch Shell

One of the two funds poured a billion US dollars into Royal Dutch Shell, the Anglo-Dutch oil and gas company. The Shell Technology Ventures Fund then invested in ‘production and exploration’ technologies, such as innovative oil rigs. The universities have faced protests from staff and students over their investments in fossil fuels in recent years.

Oxford and Cambridge Universities have made secret investments into offshore funds, it was revealed last night. The university bodies, as well as 29 Oxbridge colleges, have together paid tens of millions to firms based in tax havens including the Cayman Islands. One fund was a joint venture to develop oil exploration and deep-sea drilling, according to the Paradise Papers. FULL ARTICLE 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
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