Posts under ‘Shell Oil Company’

NEWS PROVIDED BY Shell Oil Company: May 04, 2020, 16:20 ET

HOUSTON, May 4, 2020 /PRNewswire/ — Royal Dutch Shell plc, through its affiliate SWEPI LP (“Shell”), has reached an agreement with publicly listed U.S. energy company National Fuel Gas Company (NFG), and its subsidiaries, Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, and NFG Midstream Covington, LLC (together “National Fuel”), to sell its Appalachia shale gas position for $541 million, subject to closing adjustments. The transaction has an effective date of January 1, 2020. read more

Extracts from a legal complaint filed 24 Jan 2020 in the US courts

Shell Oil Company accused of breach of fiduciary duties in respect of Shell Provident Fund 401(k) Plan with $10.5 billion in assets and 36,898 participants. It is one of the largest defined contribution plans in the United States. Plans of such great size are commonly referred to as “jumbo plans” or “mega plans”.

3. The marketplace for retirement plan services is established and competitive. Multi-billion-dollar-defined contribution plans, like the Plan, have tremendous bargaining power to obtain high-quality, low-cost administrative, managed account, and investment management services. But instead of using the Plan’s bargaining power to benefit participants and beneficiaries, Shell Defendants allowed unreasonable expenses to be charged to participants for administration of the Plan and managed account services, failed to even monitor numerous funds in the Plan at all, and retained poorly performing investments that similarly situated fiduciaries removed from their plans. read more

• BY ANTHONY MCAULEY | STAFF WRITER
• DEC 24, 2019 – 10:39 AM

Royal Dutch Shell confirmed on Tuesday that it plans to move about 50 New Orleans-based jobs to Houston next year, but said it is committed to keeping its core deepwater operations in the city long-term.

The company, which is headquartered in The Hague, Netherlands, said that the jobs being relocated to Shell’s North American headquarters in Texas are primarily from the subsurface and seismic processing teams.

A spokesman for Shell in New Orleans, Paul Hagel, said that the job-shuffle is a routine adjustment for the company and should not be seen as affecting the company’s long-term commitment to the city as headquarters of its deepwater operations for the Gulf of Mexico, Brazil, Malaysia and elsewhere. read more

In 2018 the Environmental Protection Agency (EPA) accused Shell of violating clean air laws for over a decade and reached a settlement with the corporate giant shortly after.

Extracts

The Shell Norco Manufacturing Complex has been operating by the banks of the Mississippi River in southern Louisiana for almost a century. A sprawling set of oil refineries and petrochemical plants that dominate the landscape and pollute the air about 20 miles outside the city of New Orleans.

In 2018 the Environmental Protection Agency (EPA) accused Shell of violating clean air laws for over a decade and reached a settlement with the corporate giant shortly after.

Since 2001 the Norco Civic Association, a community group heavily backed by Shell, has run a Christmas parade that winds through the industrial complex, which sits on the site of old sugarcane fields in the heart of a region known as “Cancer Alley” due to its high levels of industrial pollution. read more

HOUSTON, Dec 9 (Reuters) – A malfunction in the gasoline-producing unit at Royal Dutch Shell Plc’s 225,300-barrel-per-day (bpd) Norco, Louisiana, refinery triggered flaring at the refinery on Monday, said sources familiar with plant operations.

The 112,000-bpd residual catalytic cracking unit (RCCU) remained in operation following the malfunction, the sources said.

(Reporting by Erwin Seba; editing by Jonathan Oatis)

SOURCE

The people who some would say have sold their souls to a toxic oil company with an evil history. Back Row: Catherine J. Hughes, Sir Nigel Sheinwald GCMG, Euleen Goh, Gerrit Zalm, Linda G. Stuntz, Roberto Setubal, Ann Godbehere. Front Row: Jessica Uhl (CFO), Ben van Beurden (CEO), Charles O. Holliday (Chair), Tjalling Wiersma, and Gerard Kleisterlee

HOW TO GRAB MAXIMUM ATTENTION AT MINIMUM COST TO VENTILATE YOUR GRIPE OR CAMPAIGN AGAINST SHELL, WHETHER ON THE GROUNDS OF OPL 245 CORRUPTION, PLUNDER, POLLUTION, ANIMAL EXPERIMENTS, PERSONAL INJURY, OR ALLEGED COMPLICITY IN THE MURDER OF THE OGONI 9.

BECOME A SHELL INVESTOR AND GENERATE AWARENESS AT AN INVESTMENT COST OF JUST OVER £30. THAT MODEST INVESTMENT WILL ALLOW YOU TO RAISE A RUCKUS AGAINST ROYAL DUTCH SHELL PLC AT ITS AGM IN FRONT OF THE ASSEMBLED SHELL BOARD, SHELL SHAREHOLDERS AND THE NEWS MEDIA.

The information in italics comes from a Daily Mail article published on 12 August 2019.

You can buy shares through an AJ Bell Youinvest account online for £9.95, for example, with ongoing fees of up to £7.50 a quarter.

You need to purchase only one share in the company you want to target. A share in Shell currently costs £23.98…

Once you are a shareholder, you should be sent the firm’s annual report and other information for investors, which can also be found on its website.

You will also have the right to attend annual general meetings (AGMs) and vote on company policies. read more

Shell was charging the Plaintiffs prices that were over 260% higher than that of other petroleum suppliers for the same exact products with identical specifications…

The next paragraph only is from an article by Law360. The rest is from information in the featured legal documents filed days ago.

Law360 (July 10, 2019, 6:18 PM EDT) — Two companies that own and operate Jiffy Lube motor oil change service centers in Illinois are suing Shell Oil Products US over what they called an “oppressive and arbitrary pricing scheme”…

The Plaintiffs allege that Shell Oil Products US (“SOPUS”) would continuously, unilaterally, and without reason, increase the price it was charging Plaintiffs for SOPUS Products. read more

A verdict returned June 14 states defendants Shell Pipeline Co. and Alon USA Paramount Petroleum Corp. “acted with malice, oppression or fraud”…

BY JOHN COX [email protected]

A federal jury has awarded $40.6 million to Bakersfield developers who sued after discovering three petroleum pipelines under a property they were planning to turn into a logistics center just north of Meadows Field Airport.

A verdict returned June 14 states defendants Shell Pipeline Co. and Alon USA Paramount Petroleum Corp. “acted with malice, oppression or fraud” in connection with three pipelines found to have trespassed on land purchased in 2013 from Chevron USA Inc. by developers C&C Properties Inc., JEC Panama LLC and Wings Way LLC. read more

The untimely death of Mr James G. Wood, tenacious litigant against Shell

By John Donovan

The following comment, which appears to be authentic,  has been posted on our article “Shell Springboard: Is it safe to disclose your idea to Shell?”

John Ricketts on May 12th, 2019 at 08:59 

Do you have more information on James Wood’s untimely death?

A friend From Magdalene College, Cambridge.

The question presumably stems from the following paragraph in the article:

Shell has also been sued in more recent years in the USA and the Netherlands by James G. Wood of Preda Consultants (Deep Water Slender Wells) for “alleged misappropriation of the plaintiffs alleged oilfield-technology trade secrets“. As far as I am aware, the litigation ended in 2016 after the untimely death of Mr. Wood, a man of the highest integrity and reputation. read more

India-West Staff Reporter:20 March 2019

A former employee of Royal Dutch Shell Oil, who had worked with the company for more than 20 years, filed a lawsuit Dec. 10, 2018 in Harris County, Texas District Court, alleging he was discriminated against because of his national origin, which the multinational corporation wrongly perceived as Indian.

Sri Raghunatha Venkatesawra Babu Bangauru, a resident of Houston, Texas, who had renounced his Indian citizenship and holds a U.K. passport, alleged in his lawsuit that the company has an “ugly trend, growing more apparent during the tightening at Shell, in which white or non-Indian workers are favored by the company.” read more

…there remains a high degree of uncertainty regarding the potential outcome of some of these pending lawsuits, as well as their potential effect on future operations, earnings, cash flows and Shell’s financial condition.

Shell Annual Report 2018: PESTICIDE LITIGATION

PESTICIDE LITIGATION
Shell Oil Company (SOC), along with another agricultural chemical pesticide manufacturer and several distributors, has been sued by public and quasi- public water purveyors alleging responsibility for groundwater contamination caused by applications of chemical pesticides. There are approximately 45 such cases currently pending. These suits assert various theories of strict liability and negligence, and seek to recover actual damages, including drinking well treatment and remediation costs. Most assert claims for punitive damages. While the Company continues to vigorously defend these lawsuits, a new environmental regulatory standard became effective in the State of California, where a majority of the suits are pending. The new standard requires public water systems state wide to perform quarterly or monthly sampling of their drinking water sources for a chemical contained in certain pesticides, beginning in January 2018. Water systems deemed out of compliance with the new five parts per trillion regulatory standard must take corrective action to resolve the exceedance or take the potable water source out of service. In response to this new regulatory standard, the Company is monitoring the sampling results to determine the number of wells potentially impacted. Based on the claims asserted and SOC’s track record, with regard to amounts paid to resolve varying claims, management does not expect the outcome of these lawsuits pending at December 31, 2018, to have a material adverse impact on Shell. However, there remains a high degree of uncertainty regarding the potential outcome of some of these pending lawsuits, as well as their potential effect on future operations, earnings, cash flows and Shell’s financial condition. read more