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Royal Dutch Shell, Exxon Mobil and Glencore: Energy companies risk wasting trillions on uneconomic projects

Nov 25th, 2015
by John Donovan.
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By Jessica Morris: 25 November 2015

Energy companies risk wasting $2.2 trillion (£1.46 trillion) on uneconomic projects over the next 10 years, according to a new report.

Think tank the Carbon Tracker Initiative’s (CTI) report how fossil fuel firms risk destroying investor returns says energy companies’ focus on fossil fuels at the expense of emerging clean technologies could put them out of kilter with environmental regulation, which will eventually dampen demand.

It comes ahead of next week’s Paris Climate Change Conference (COP21) which is expected to result in, or at least pave the way for, more climate change legislation. read more

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Shell bets big on India with its second LNG terminal

Sep 25th, 2015
by John Donovan.
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Screen Shot 2015-09-25 at 08.10.20Shell expects LNG demand to rise by 5% every year over the next couple of decades while global gas demand is growing at 2%

By: Siddhartha P Saikia | Singapore | September 25, 2015 5:39 AM

Royal Dutch Shell, which set up a 5 million tonne LNG terminal at Hazira in Gujarat nearly a decade back, is targeting to grab a bigger share of the growing demand for imported gas in India. The Hague-based global energy giant is planning to set up a floating LNG facility on the east coast — at Kakinada in Andhra Pradesh.

Recently, Andhra Pradesh Gas Distribution Corporation (APGDC), GDF Suez, Shell and GAIL have signed a memorandum of understanding (MoU) to set up a floating LNG terminal with an initial capacity of 5 mt, which could be doubled at a later stage. “We have been very constructively working on the project (LNG terminal) on the east coast. We really believe in the India gas market,” said Maaten Wetselaar, executive vice present for Shell Integrated Gas in Singapore. read more

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Brazil regulator tells Shell, partners to develop two oilfields as one

Aug 18th, 2015
by John Donovan.
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Screen Shot 2015-07-31 at 19.22.09RIO DE JANEIRO | BY MARTA NOGUEIRA: 18 Aug 2015

Brazil’s National Petroleum Agency (ANP) ruled that Royal Dutch Shell (RDSa.L) and its Qatari and Indian partners need to treat oil and gas fields in the Parque das Conchas area as a single deposit, Shell said, a move that could increase taxes on output.

Shell owns 50 percent of Parque das Conchas, its main Brazilian asset. Qatar’s state oil company Qatar Petroleum [QATPE.UL] owns 23 percent and India’s ONGC (ONGC.NS) owns 27 percent. read more

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Iran releases list of oil money debtors

Jul 26th, 2015
by John Donovan.
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The oil major Royal Dutch Shell owes Tehran $2.8 billion while it made a net loss of $6 million trading Iranian oil in 2012.

TEHRAN, Jul. 26 (MNA) – Iran’s Central Bank and National Oil Company released the list of companies and refineries owing oil dues to Iran.

During the period US and European sanctions prevented international banks from transferring money to the Islamic Republic, billions of Iran’s oil revenues were frozen in banks overseas.

In a joint statement released by the Central Bank of Iran (CBI) and the National Iranian Oil Company (NIOC) the oil giants and refineries owing to Iran were listed, in which some Greek refineries, British-Dutch-owned Shell refineries, BP, South Korean Petrochemical and Polymer Company, along with Indian refineries top the list of Iran’s oil debtors. read more

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Shell may re-enter the upstream business in India

Jun 8th, 2015
by John Donovan.
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Screen Shot 2015-01-06 at 21.26.38By Sanjeev Choudhary, ET Bureau | 8 Jun, 2015

NEW DELHI: Royal Dutch Shell Plc is bullish about India’s gas market and may re-enter the upstream business in the country if the government offered a stable policy and an open acreage licence to explorers, senior company executives said.

“We would continue to look at upstream opportunities in India,” said Harry Brekelmans, projects & technology director and a member of the top executive committee at Shell. “At the moment, we have not been able to see anything that is attractive .. read more

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Shell IT Centre Bengaluru

Jun 5th, 2015
by John Donovan.
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Article by  BusinessInsider.in published 5 June 2015 under the headline:

Coming up! The Shell IT Centre Bengaluru

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Global energy giant Shell has chosen Bengaluru for setting up its largest captive unit or global offshore delivery centre. The unit would provide more than 5,000 jobs in the Silicon Valley.

As per an Economic Times report, the new in-house global information technology centre, The Shell IT Centre Bengaluru, would be used to provide IT services to Shell’s businesses including upstream oil and gas production, marketing and other projects.

“The company has a large IT set-up in Malaysia, US and UK and will be moving all its global IT jobs to Bengaluru,” said two people in direct knowledge of the development. read more

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Shell Acquisition of BG Group to Create Giant Operator of LNG Ships

Apr 10th, 2015
by John Donovan.
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LONDON –  Royal Dutch Shell PLC’s (RDS.A) planned $70 billion acquisition of BG Group PLC would create a giant operator of liquefied-natural-gas vessels, offering owners that charter the ships more opportunities for lucrative, long-term contracts in an otherwise-depressed shipping industry.

“The merger offers owners more flexibility and better utilization of their fleets, which could mean long-term leases offering steady income,” said Ted Petropoulos, head of Athens-based Petrofin Research. “It’s also a defensive move to secure market share as more players come into the market.” read more

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850 jobs at stake in Shell Cyberjaya

Mar 18th, 2015
by John Donovan.
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KUALA LUMPUR, March 17, 2015: 

Screen Shot 2015-01-06 at 21.26.38Around 850 jobs could be at stake at Shell offices in Cyberjaya as the Anglo-Dutch oil major consolidates its IT functions at a new base in Bangalore, India.

While no decision has yet been made, a senior officer dropped this bombshell during a town hall meeting with staff in Cyberjaya late last month, said sources.

The Bangalore move could also affect some 1,000 third party contractors if they are unable to relocate to India, the sources said.

The Shell Technology Centre Bangalore (STCB) is to be one of the three global hubs for technology, after Houston and Amsterdam for the energy group.

“By the end of 2010, STCB employed around 700 professionals and has plans to grow to about 1,500 in the near future. Recruitment at STCB is currently focused on graduates in India and experienced Indian professionals,” Shell Global said at its website.

Given this focus, chances are staff now employed at Cyberjaya may find it difficult to be relocated to Cyberjaya, said the sources, and will probably have to look for new jobs here. 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 set up global IT centre at Bengaluru

Mar 4th, 2015
by John Donovan.
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Screen Shot 2015-01-06 at 21.26.38New Delhi: Global energy giant Shell on Wednesday announced setting up of a global information technology center at Bengaluru to provide IT support to all its business verticals.

“Shell plans to begin operations at the centre later this year,” the company said in a statement here.

The centre will provide IT services to all of Shell’s businesses upstream oil and gas production, downstream refining and marketing and projects & technology as well as associated support functions. Without giving investment details, the statement said Shell India Markets Pvt Ltd will create the in-house centre, “which is expected to provide employment opportunities for several thousand IT professionals by 2020”. 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.

Royal Dutch Shell Saves $2.5 billion In Transfer-Pricing Case

Nov 20th, 2014
by John Donovan.
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Bidness Etc discusses the ruling by an Indian court in a transfer-pricing case against Shell and its impact on future foreign investment in the country

Published: November 19, 2014 at 12:26 pm EST

By: Micheal Kaufman

The Bombay High Court has ruled in favor of Royal Dutch Shell plc (NYSE:RDS.A) in a high-tax profile case, which could pose a hurdle to the Indian government’s plans on bringing in foreign investment and much-needed revenue.

The ruling was announced on Tuesday, after Indian authorities claimed tax money paid to transfer shares of Shell. The court has not released a written judgment yet.

The judgment can negatively impact India’s image, which might cause leading foreign companies to hesitate to invest in India. Indian Prime Minister Narendra Modi can intervene and reverse the ruling. 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 wins $3bn tax battle in Bombay High Court

Nov 18th, 2014
by John Donovan.
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Screen Shot 2014-10-30 at 09.22.43The Financial Times is reporting:

“Royal Dutch Shell has won a significant victory in its long-running $3bn battle with India’s revenue authorities, in a judgment with implications for dozens of tax disputes involving multinational companies in Asia’s third-largest economy.”

The Narendra Modi government may appeal the decision to the supreme court of India.

Also Reuters Report: Shell wins India tax case

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 in talks to buy stake in southern India LNG project

May 27th, 2014
by John Donovan.
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Extract from a Reuters article published 26 May 2014

May 26 (Reuters) – Global energy major Royal Dutch Shell is in talks with the Andhra Pradesh state government for buying up to 24 percent stake in the planned Kakinada liquefied natural gas project on the east coast, GAIL chairman B.C Tripathi said on Monday.

FULL ARTICLE

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Seething review of Mark Moody-Stuart book: Responsible Leadership

May 17th, 2014
by John Donovan.
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Screen Shot 2014-05-17 at 17.30.17Extracts from a review by Danny Chivers of the recently published book by retired Royal Dutch Shell Group Chairman Sir Mark Moody-Stuart: “RESPONSIBLE LEADERSHIP: Lessons from the Front Line of Sustainability and Ethics”

Article originally published under the headline:

“If this is responsible leadership, then I’m an Ogoni”

Reading this book was a strange experience. It was like stepping into a parallel Universe where extractive industries bring overwhelming benefits to communities around the world, with the only negative consequences being caused by corrupt local governments. Again and again throughout the book, Moody-Stuart seems to wilfully ignore the unequal power relations between multinational corporations and the people in whose lands they operate. Perhaps the element of the book that made me angriest was Moody-Stuart’s insistence, in relation to Nigeria and elsewhere, that Shell “did not get involved in local politics”. This ignores the wealth of evidence showing collusion between the company and Nigeria’s military regime that led to a landmark payout of $15.5 million by Shell to the families of nine executed Nigerian activists. 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.

Mike Watts, who found oil in Thar desert, to quit Cairn Energy

Apr 11th, 2014
by John Donovan.
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Screen Shot 2014-02-10 at 16.29.29Extract from an article published 10 April 2014 by ZeeNews.India.com

New Delhi: Dr Mike Watts, the man credited with discovering India’s largest onland oil field in Rajasthan, will step down from the board of Cairn Energy plc in mid-May.  He saw oil in the Thar desert when Royal Dutch Shell could not and bought out the supermajor in block RJ-ON-90-1 for USD 7.25 million. 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.

Brazil’s Petrobras Completes $1.6 Billion Oil-Field Sale

Dec 31st, 2013
by John Donovan.
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December 30, 2013

RIO DE JANEIRO–Brazilian state-run energy giant Petroleo Brasileiro SA, or Petrobras, said late Monday that it had completed the sale of a 35% stake in an offshore oil field to partners Royal Dutch Shell PLC and India’s ONGC Videsh.

With completion of the deal, Shell raises its stake to 73%…

FULL ARTICLE

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Shell Completes Acquisition of Additional 23% Interest in BC-10 Project

Tuesday, December 31, 2013

Royal Dutch Shell plc announced Monday that it has completed the acquisition of an additional 23 percent interest in the Parque das Conchas (BC-10) project offshore Brazil for $1 billion.

Regulatory approvals have been obtained and Shell will now hold a 73 percent operating interest. The purchase is effective Jan. 1. Partner ONGC, previously holding a 15 percent working interest, will now hold a 27 percent working interest. This purchase is the result of pre-empting a third party’s bid for Petrobras’ 35 percent interest in BC-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.

Wake-up call to Shell India from a disgruntled retailer

Dec 30th, 2013
by John Donovan.
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Screen Shot 2013-12-30 at 10.44.02This is to get it to your notice what’s happening in Shell India. One of the worst management I have seen. Shell please wake-up and do save our retailer community in India. Some one please do exit-interviews of the retailers who have left and do justice to people who serve you. In India bribes are being taken and are being paid by the management in name of consultancy fees and incidental charges.

Introduction by John Donovan

Printed below is a comment received.  Given the length and content it seems appropriate to publish it as an article. Full contact information and related email correspondence with Shell has been supplied. The allegations suggest that Shell is continuing to ruthlessly exploit Shell petrol retailers/franchisees as it has done in other countries.

*Many years ago we conducted a series of ethical surveys involving up to 1500 Shell UK retailers and published the findings in whole page announcements in trade magazines such as “Forecourt News”. All of the sealed responses were opened and authenticated by an independent solicitor who supplied an affidavit testifying to the findings. If the allegations below have foundation, it appears that not much has changed. 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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