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WTF: Shell Wants Pity While Putin Snatches A Billion?

Oct 15th, 2024
by John Donovan.
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15 Oct 2024

Well, well, well—look who’s crying foul! Shell, the lovable oil giant with a heart of, well, pure carbon, is now throwing a hissy fit because gasp Russia did something shady. After Vladimir Putin decided to invade Ukraine (as one does), Shell bolted from its Russian investments like a thief in the night. Now, the Kremlin is coming after them for a cool €1 billion, and Shell, bless its greedy little heart, just can’t believe this is happening.

Here’s the scoop: Shell had a 27.5% stake in the Sakhalin-2 oil and gas field, a cozy arrangement with Gazprom (Russia’s state-owned gas company) and a couple of Japanese firms like Mitsui and Mitsubishi. But after Russia basically swiped the joint venture and handed it over to a homegrown entity, Shell decided it wasn’t playing along. Did they think Putin would care? Of course not! Russia casually sold off Shell’s stake—because why not—passing it to Novatek and Gazprom. 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 Shocked: Russia Sues the Oil Giant in a Hilarious Twist of Karma!

Oct 7th, 2024
by John Donovan.
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7 Oct 2024

The world’s favourite planet-scorching, cash-grabbing, ethics-optional corporation, Shell, is finding itself in yet another pickle. What a shocker! This time, the company famous for bathing in oil and bad decisions is facing a lawsuit from none other than Russia’s Prosecutor General.

The lawsuit, filed on October 2nd, was hurled at eight of Shell’s many tentacles—I mean, units—by a delightful cocktail of plaintiffs: Gazprom Export, the Russian energy ministry, regional authorities from the quaint Pacific island of Sakhalin (where environmental destruction is basically a hobby), Sakhalin Energy, and, of course, Russia’s top prosecutor. Everyone and their dog in the Russian energy sector is lining up to take a swing at Shell. It’s a regular “How dare you out-greed us?” moment. 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.

Russia’s Shell Game: Sakhalin LNG Stake Swapped Like Trading Cards, This Time Gazprom Wins

Mar 27th, 2024
by John Donovan.
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Posted by John Donovan: 27 March 2024

Well, well, well, folks, gather ’round for another chapter in the thrilling saga of Shell’s misadventures in the land of oil and oligarchs. In this latest installment, the Russian government has decided to play a game of hot potato with Shell’s minority stake in the Sakhalin LNG project, ultimately passing it off to their favorite playmate, state-controlled behemoth Gazprom, for a cool $1 billion.

Now, let’s rewind a bit, shall we? Shell, ever the enterprising multinational, originally held the reins in this project until they found themselves caught up in a web of intrigue involving insider info, espionage, and more drama than a daytime soap opera. And who’s behind this plot twist, you ask? None other than yours truly, providing juicy tidbits to the Russian government back in the day, leading to Shell setting up their very own spy network. Ah, the things we do for love—err, I mean, gas. 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.

Breaking up with Russia is hard for many Western firms, despite war

Apr 16th, 2023
by John Donovan.
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The Washington Post

Breaking up with Russia is hard for many Western firms, despite war

By : April 15, 2023 at 7:21 a.m. EDT RIGA, Latvia — Only a small percentage of the hundreds of companies that promised to leave Russia after its invasion of Ukraine have exited, according to several groups keeping a scorecard — and for those that dawdled, departing has only become more expensive and complicated.

But leaving can be complex. Four days after the invasion, Shell announced it was leaving Russia and later wrote off its nearly 27.5 percent stake in the Sakhalin-2 LNG facility in the Far East at $1.6 billion. This month, an unconfirmed Russian newspaper report suddenly surfaced that Putin had given permission for the company to repatriate $1.2 billion from the sale of its stake in Russia’s Novatek. Shell had no comment. 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.

Ruble Tumbles to 12-Month Low as Kremlin Greenlights Shell Sale

Apr 7th, 2023
by John Donovan.
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Ruble Tumbles to 12-Month Low as Kremlin Greenlights Shell Sale

The Moscow Times: Friday 7 April 2023

After months of relative stability, the Russian ruble continued to weaken rapidly against major currencies on Friday, a trend that analysts say has been spurred by increased imports and a surge in foreign capital outflows.

President Vladimir Putin’s recent approval of a deal that permits British energy giant Shell to offload its stake in the Sakhalin-2 oil pipeline project in Russia’s Far East has added to the mix of forces pulling down on the ruble. 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.

Putin Approves $1.2 Billion Payment To Shell For Sakhalin-2 Exit

Apr 6th, 2023
by John Donovan.
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OILPRICE.COM

Putin Approves $1.2 Billion Payment To Shell For Sakhalin-2 Exit

By Tsvetana Paraskova – Apr 04, 2023, 4:00 AM CDT

Vladimir Putin has approved a request by Novatek to allow Shell to receive $1.2 billion (94.8 billion rubles) from the Russian gas producer for its 27.5% stake in the Sakhalin-2 LNG project, Russian daily Kommersant reported on Tuesday, quoting sources with knowledge of the matter.

Last year, a decree from Putin stipulated that a newly set up state Russian company would take over the rights and obligations of Sakhalin Energy Investment Co., the joint venture running the Sakhalin-2 oil and gas project. 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.

For Western energy giants, escaping Russia has become the longest goodbye

Sep 26th, 2022
by John Donovan.
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The Telegraph

For Western energy giants, escaping Russia has become the longest goodbye

Not long ago oil and gas companies were scrambling to get into Russia, rather than out

Shell has had ties to Russia since 1912 after buying the Rothschild family’s interests there. More recently, its partnership with Russia’s state gas giant Gazprom has helped it access vast gas reserves in Russia’s far east.

It, too, hung on even after having to cede control of the $22bn [£19bn] Sakhalin-2 gas facility to Russia in 2006 following months of Kremlin pressure.

Shell’s boss, Ben van Beurden, met Putin in April 2014, shortly after Russia’s annexation of Crimea, to tell him they wanted to expand the project. Equinor, meanwhile, entered Russia in the 1990s and ten years ago struck a major exploration deal with Rosneft as the two Arctic powers forged closer ties.

By the start of the war, foreign companies covered about 11pc of Russia’s oil and gas production, according to James Henderson, at the Oxford Institute for Energy Studies. BP, TotalEnergies, Wintershall Dea, Shell and India’s Oil and Natural Gas Corporation were the largest. 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 Walks Away From Major Russian LNG Project With Nothing

Sep 1st, 2022
by John Donovan.
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Bloomberg

Shell Walks Away From Major Russian LNG Project With Nothing

By Will Mathis: 1 September 2022 at 17:30 BST

Shell Plc will walk away from Russia’s Sakhalin-2 liquefied natural gas project with nothing after President Vladimir Putin transferred the major facility to a new operating company.

The London-based firm’s decision is the latest indication that Putin won’t allow international energy companies to realize big financial gains as they exit Russia over the invasion of Ukraine.

Shell had already written off the $1.6 billion value of its 27.5% stake in Sakhalin-2 earlier this year. T 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.

Europe gas shortages to last several winters, Shell boss warns

Aug 29th, 2022
by John Donovan.
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Sunday Telegraph

Europe gas shortages to last several winters, Shell boss warns

Ben van Beurden says energy rationing will be needed for a number of years

By Rachel Millard: 29 August 2022 • 12:54 pm

Europe’s energy crisis will last for several winters, the boss of Shell has said, as he warned it is “fantasy” to think shortages caused by Russia cutting supplies can be resolved quickly.

Ben van Beurden told a conference in Norway that power rationing will be needed for a number of years as electricity prices hit fresh record highs. 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.

Russian court rules local Shell JV to move under Moscow control -Ifx

Aug 22nd, 2022
by John Donovan.
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Reuters

Russian court rules local Shell JV to move under Moscow control -Ifx

By Reuters: Updated: 22/08/2022 – 16:45

MOSCOW – A Russian court ruled on Monday that Salym Petroleum Development (SPD), a joint venture between Shell and Gazprom Neft, should be transferred to Russian jurisdiction, Interfax news agency reported, citing the verdict.

Kommersant daily reported last week that Gazprom Neft was suing to have its Salym Petroleum Development joint venture with Shell be transferred to Russian jurisdiction, and for Shell’s shareholding rights to be suspended. 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 Broadband is slow as Hell!

Jul 2nd, 2022
by John Donovan.
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2 July 2022

The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.

Shell Energy Broad Band

Shell Energy Broad Band! This is a contradiction in terms…as you’d be better served With “Dile-Up! Shell Broadband is slow as Hell! Completely contrived and manipulated speeds shown in adverts. BBand speed will be ok for the first couple of weeks then just goes all to Hell.  You will then call cust service who will be absolutely, adamant that you are a HIGH USER!!… I live alone! and connect only my phone and TV to ‘WiFi’. As it’s so slow, I try to use one or the other…doesn’t help. 20, to 30, minute call waiting, time (20, mins at VERY BEST…and all you will hear is “you’re a very, heavy user! You NEED to upgrade”. Don’t use Shell…dreadful Custservice, dreadful product, with no recourse, when issues arise. (If you’re reading this, you are probably in my distant future and I am long dead…as probably, took decades, to up-load). 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.

Putin Swoop on Gas Plant Risks Forcing Foreign Partners Out

Jul 1st, 2022
by John Donovan.
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yahoo!finance

Putin Swoop on Gas Plant Risks Forcing Foreign Partners Out

Stephen Stapczynski and Garfield Reynolds

(Bloomberg) — President Vladimir Putin signed a decree to transfer rights to the Sakhalin-2 natural gas project to a new Russian company, a move that could force foreign owners including Shell Plc to abandon their investment in the facility.

The decree cites threats to Russia’s national interests and economic security, according to a statement dated June 30, issued by the Kremlin and signed by Putin. Stakeholders have one month to say whether they’ll take a holding in the new company, and those who opt out may not be fully compensated, the statement said.

The move could prove complicated for Shell, which holds a 27.5% stake in the liquefied natural gas facility in Russia’s far east. The energy giant announced it would exit the project after Russia invaded Ukraine, and also said it wouldn’t commit to any new investments in the country.

Chief Executive Officer Ben van Beurden said earlier this week that Shell is making progress selling its stake, which Wood Mackenzie estimates is worth $4.1 billion. China’s key state-run energy companies are in talks with Shell to buy its stake in the project, people familiar with the details said in April.

Shell is aware of the decree and is assessing its implications, the company said in a statement.

The world is already grappling with surging fuel prices as Putin steps up the use of gas as a weapon, and any effort by Moscow to take over energy assets could rile markets further. Most western energy firms are trying leave Russian projects, but are struggling to find willing buyers. 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.

Kremlin orders seizure of gas facility which Shell has 27 per cent stake in worth £3.4bn

Jul 1st, 2022
by John Donovan.
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CITYA.M.

Kremlin orders seizure of gas facility which Shell has 27 per cent stake in worth £3.4bn

Russia’s President Vladimir Putin has ordered the seizure of a gas facility in the county which UK firm Shell has a 27 per cent stake in.

The Kremlin signed a decree to take control of rights of the Sakhalin-2 plant, which will be transferred into Russian hands.

This comes as Moscow continues to come under severe economic pressure with sanctions, while countries including the UK, Germany and other EU states have been urged to stop buying fuel from Russia, amid its war against Ukraine. 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.

Putin moves to seize a large gas venture in Russia’s Far East.

Jul 1st, 2022
by John Donovan.
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THE NEW YORK TIMES

Putin moves to seize a large gas venture in Russia’s Far East.

Shell and two Japanese companies, Mitsui and Mitsubishi, are minority shareholders in the Sakhalin-2 joint venture.

By Stanley Reed: July 1, 2022, 8:05 a.m. ET

Russia is moving to take over an important natural gas joint venture, putting the investments of Shell and two Japanese trading companies, Mitsui and Mitsubishi, at risk.

A decree issued by President Vladimir V. Putin on Thursday said the project, called Sakhalin-2, which is on Sakhalin Island in Russia’s Far East and is a key exporter of fuel to Japan, would be taken over by a new company. 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.

Russia moves to take control of Sakhalin-2 oil and gas project

Jul 1st, 2022
by John Donovan.
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BBC News

Russia moves to take control of Sakhalin-2 oil and gas project

1 JULY 2022

Russia has moved to take over a major oil and gas project in which Shell has a 27.5% stake.

Russian President Vladimir Putin signed a decree on Thursday to take charge of the Sakhalin-2 project.

The move could force Shell and Japan’s Mitsui and Mitsubishi to abandon their investments as the economic fallout of the Ukraine war spreads.

Oil giant Shell said: “We are aware of the decree and are assessing its implications.” 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.

Gazprom cutting gas supplies to Shell affects small volumes in Germany-regulator

Jun 1st, 2022
by John Donovan.
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yahoo!finance

Gazprom cutting gas supplies to Shell affects small volumes in Germany-regulator

Wed, June 1, 2022, 8:02 AM

FRANKFURT, June 1 (Reuters) – Gazprom’s decision to cut off gas supplies to Shell Energy only affects small volumes in Germany, the country’s network regulator said, adding they could be replaced from other sources.

“Security of supply is currently guaranteed. According to our information, only small quantities are affected, which can be procured elsewhere. We are monitoring the situation very closely,” the Bundesnetzagentur 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.
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