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Posts under ‘The Independent’

Shell promises more cuts to win investors over on BG deal

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Michael Bow: 15 Dec 2015

Royal Dutch Shell moved to shore up support for its £35bn BG Group takeover yesterday, by promising to slash more jobs amid concerns shareholders could rebel against the deal. 

The Anglo-Dutch oil giant will axe a further 2,800 jobs around the world on top of 7,500 roles it had previously announced were for the chop.

The losses – equivalent to 3 per cent of the combined group’s workforce – coincide with the final furlong of the long-running takeover saga, which has been put under pressure due to this year’s oil price rout.  read more

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Shell’s £22,500 fine for North Sea oil spill slammed as ‘paltry’ by campaigners

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Screen Shot 2015-11-21 at 00.19.03The World Wildlife Fund warned the size of the fine would ‘do little to deter future poor behaviour’

Shell apologised for the lack of information and said it was not a deliberate attempt to cover up the spill. 

Adam Barnett: 24 November 2015

A £22,500 fine imposed on the energy giant Shell as punishment for the worst North Sea oil spill in a decade has been dismissed as “paltry” by environmental campaigners.

The World Wildlife Fund (WWF) warned the size of the fine, for a company that earns billions, would “do little to deter future poor behaviour” by oil and gas companies to avoid more damage to the environment.

The leak from the Gannet Alpha platform in August 2011 was the worst in the region in 10 years and saw more than 200 tons of oil – about 1,300 barrels – flood into the sea.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Diezani Alison-Madueke: Behind the ‘reformer’ of the Nigerian oil industry’s arrest

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Screen Shot 2015-10-08 at 08.20.57Mrs Alison-Madueke, 54, part of a prominent Nigerian family and a former Shell executive, was appointed as Honourable Minister of Petroleum Resources in March 2010 by now former president Goodluck Jonathan

Until last Friday, Diezani Alison-Madueke’s position as one of the most prominent women on the global stage had seemed assured. Boasting a Cambridge degree and a portfolio of senior government positions in her native Nigeria, she is also the first female president of the OPEC oil cartel.

Such is her influence that the British government earlier this year placed her top of a list of former recipients of the taxpayer-funded Chevening Scholarship for future leaders of foreign states whom it wanted to recognise for International Women’s Day. The roll call paid tribute to women who it said personified the slogan for the event – “make it happen”. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell and The Science Museum’s toxic relationship has just been exposed

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Screen Shot 2015-05-18 at 09.56.22The true nature of big oil sponsorships was exposed last week, after it was discovered that Shell had sought to influence the content of the climate change exhibition “Atmosphere”, which it sponsors at the Science Museum.

Emails obtained via Freedom of Information requests show how the company positioned its own staff as advisors: “Regarding the gallery update, can I check whether you have touched base with David Hone to see if he would like to participate in the content refresh?” read one email from May last year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Chiara D’Angelo interview: Arctic activist who spent 66 hours suspended from anchor said nature inspired her to continue protest

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Screen Shot 2015-05-25 at 21.27.36ANDREW BUNCOMBENEW YORK: Monday 25 May 2015

Chiara D’Angelo interview: Arctic activist who spent 66 hours suspended from anchor said nature inspired her to continue protest

The activist who spent 66 hours suspended from the anchor of an oil exploration vessel has said she took strength during her protest from looking at the wildlife surrounding her.

Chiara D’Angelo attached herself on Friday evening to the anchor of the Arctic Challenger as it moored north of Seattle. The ship is among those that Royal Dutch Shell intend to use as they drill for oil in the Arctic Ocean off northwestern Alaska later this summer.

Ms D’Angelo ended her protest at around 9.30m. Speaking from the town of Bellingham, she told the The Independent that when she started the protest, she had no idea how long she would manage to remain suspended from the anchor. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Following the Shell-BG deal, could Exxon bid for BP?

Screen Shot 2015-04-09 at 00.19.50Article by Jim Armitage published by The Independent on Friday 10 April 2015

Following the Shell-BG deal, could Exxon bid for BP?

Another day, another tide of speculation sweeps through the City investment banks about oil industry takeovers following Shell’s £47 billion bid for BG, the UK’s third largest energy supplier.

Even that old saw about Exxon dispatching its galleons across the Channel to buy BP was being punted around by some brokers this morning. Forgive me if history proves me a fool, but, even taking Exxon’s recent chest beating about its appetite for deals, it seems unlikely.

For starters, monopoly regulators would force such a vast company to sell huge amounts of their combined assets, negating the whole point to a deal. Second, Exxon has just painfully extricated itself from its joint exploration project in Russia thanks to US sanctions. It’s hardly likely to jump back into bed with the biggest western operator there. Third, there’s the small matter of the ongoing Gulf of Mexico oil spill litigation. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

BP to axe 1,000 jobs amid warning of oil price plunge to $40

Screen Shot 2014-12-04 at 20.54.03Oil giant BP has said it will rack up costs of at least $1 billion (£637 million) over the next year as it embarks on a corporate shake-up which could cull more than 1,000 jobs. It comes as an Iranian official in the Opec oil cartel said crude prices could plunge as low as $40 a barrel in the near future…

Article by Russell Lynch published by The Independent Wed 10 Dec 2014: BP unveils $1bn restructuring amid plunging oil prices

Extracts

Oil giant BP has said it will rack up costs of at least $1 billion (£637 million) over the next year as it embarks on a corporate shake-up which could cull more than 1,000 jobs.

The FTSE 100 giant has accelerated its plans to strip costs out of the business in response to a dramatic plunge in crude prices since June. It is understood that BP, which has 84,000 staff worldwide and 15,000 in the UK, could shed more than 1000 staff by the end of the process.

It comes as an Iranian official in the Opec oil cartel said crude prices could plunge as low as $40 a barrel in the near future if divisions among the producers widened. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

UK News Reports Royal Dutch Shell Quarterly Result

Screen Shot 2014-10-31 at 15.37.24DAILY EXPRESS: Oil giant Shell floats as prices sink

Extracts

ROYAL Dutch Shell unleashed an industry-beating rise in quarterly profit yesterday, despite falling oil prices, and vowed to keep slashing less-lucrative projects.

Finance chief Simon Henry said: “It’s quite likely we’ll take a very close look at investment levels where we have flexibility if we see oil price weakness persisting.”

FULL ARTICLE

Screen Shot 2014-10-31 at 15.40.26DAILY MAIL: Shell posts forecast-busting profit rise of 31pc despite slump in oil prices

Extracts

Shell has managed to weather the sharp drop in the price of oil since June, announcing forecast-busting results for the third quarter. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Royal Dutch Shell issues shock profit warning

Friday 17 January 2014

Screen Shot 2013-10-01 at 07.56.54Shell dropped a bombshell on investors after warning that fourth quarter profit will be “significantly” lower than last year, blaming low production, high exploration costs and continuing problems with refining.

“It’s not good. When you’re talking about higher costs and lower production volumes, it’s a lethal combination,” said Nick Xanders, who heads European equity strategy at BTIG, the trading and brokerage firm.

FULL ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell close to deal over ‘ruinous’ oil spill in Niger Delta

Screen Shot 2013-01-03 at 19.46.51For five years a London law firm and Anglo-Dutch oil giant have argued over reparations for one of the world’s worst spills in Africa’s oil heartland. But now, as fishing villages on the banks of the Niger Delta continue to count the cost of the leaks, compensation claims are finally due to be settled. Royal Dutch Shell will tomorrow seek to reach an “acceptable agreement”

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Five years after fishing and farming livelihoods were ruined, oil giant is ready to agree compensation which could reach £100m

For five years a London law firm and Anglo-Dutch oil giant have argued over reparations for one of the world’s worst spills in Africa’s oil heartland. But now, as fishing villages on the banks of the Niger Delta continue to count the cost of the leaks, compensation claims are finally due to be settled.

Royal Dutch Shell will tomorrow seek to reach an “acceptable agreement” with inhabitants of the cluster of Nigerian fishing villages over claims their livelihoods were ruined by the spills in 2008. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Gardai deny gas firm gave them alcohol worth €35k

GARDAI have rejected claims that officers policing the Corrib Gas protests were given alcohol worth €35,000 by the company building the pipeline.

An oil services company has claimed it delivered the alcohol in an unmarked van to Belmullet garda station in Mayo at Christmas 2007 following instructions by Shell E&P Ltd.

And OSSL, based in Bangor Erris, also claims it was charged with providing “accommodation services” to local residents, including home improvements, tennis courts, donating kitchen appliances and paying school fees.

The company, which worked with Shell since 2002, had its contract terminated in 2010, and claims it is owed money by Shell E&P Ltd. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

The height of madness? Or a lofty ambition as six women scale Shard to make a point?

Ambitious Greenpeace stunt drew neck-craning crowds and widespread media coverage for protest against Shell’s Arctic drilling

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As Western Europe’s tallest building, the Shard skyscraper in London already gets its fair share of attention. But commuters travelling to work today glimpsed an even more amazing sight: six women scaling the 310m-high landmark in protest against Shell’s drilling in the Arctic.

Taking part in a hugely ambitious Greenpeace stunt that took months to plan, the climbers quickly drew a large crowd of neck-craning, eye-shielding spectators to the foot of the London Bridge building. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell ‘uses sabotage claims to avoid blame for Nigeria oil spills’

Screen Shot 2013-02-03 at 10.25.25The National Contact Point (NCP) agency will today give Shell a rap on the knuckles for its reporting of its spills in the Niger Delta region, some of which have been highly damaging to the environment. NCP has reached this conclusion following an investigation into accusations by Amnesty International and Friends of the Earth International that Shell has exaggerated the proportion of spills caused by sabotage to avoid paying compensation and to reduce damage to its reputation.

TOM BAWDEN: WEDNESDAY 19 JUNE 2013

Shell’s persistent claims that theft and sabotage are responsible for almost all the oil spills at its operation in Nigeria could have been exaggerated, an international watchdog has found.

The National Contact Point (NCP) agency will today give Shell a rap on the knuckles for its reporting of its spills in the Niger Delta region, some of which have been highly damaging to the environment.

The agency, set up to oversee OECD guidelines on multi-national companies, said: “Given the many years of discussion about the causes of oil spills in Nigeria, Royal Dutch Shell management should have had a more cautious attitude about the percentage of oil spills caused by the sabotage,” noting that the data they are based on is “not absolute”. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

BG Group CEO Chris Finlayson, past indiscretions at Shell

In summary, Finlayson (right) sees himself as a victim to the goings-on in 1999, just one of many victims in the then Shell Expro, described in our Audit notes as a hostile environment of extreme denial.  I can concur that Chris was a victim, when for example he made light of the Touch F-All scandal in various press statements of which there is an audio record he did so because his Brent Field Manager Jorn Berget misled him.  He soon realised this but despite many attempts by me and his Internal Audit Manager he would not retract the statement.  In fear, no doubt for his job, his future promotion prospects etc, and led by the ear by his mentor and boss Malcolm Brinded he toed the line. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

US accuses Shell of ‘screwing up’

Mr Salazar said: “Shell screwed up in 2012 and we’re not going to let them screw up when they try to drill in the Arctic again.”

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The i: Friday 29 March 2013 Page 48 of Business Section

By Tom Bawden

Shell’s beleaguered campaign to produce oil in the Arctic has suffered a further setback yesterday  when US Interior Secretary Ken Salazar said the company “screwed up” its attempt to drill in Alaska last year.

Furthermore, he said, Shell will not be allowed to drill in the area again until it demonstrates it can handle Arctic conditions and commissions an independent audit of its management systems.

The US Department of the Interior ordered a 60-day review in January of Shell’s plans to drill off the coast of Alaska after a series of incidents in the area that culminated in the grounding of the Kulluk rig. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell executive responsible for controversial Arctic campaign to step down

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Campaigners hope move heralds end of programme

Kevin Rawlinson  Alex Jackson  Friday 22 March 2013

Shell’s controversial plan to drill in the Arctic has been dealt a further blow after it confirmed today that the man running its exploration programme in North America is to leave the company.

Campaigners said they hoped the move heralded the beginning of the end for the programme, which has been vehemently opposed by Greenpeace, among others.

“This disaster should force them to mothball the programme completely, but it will depend on whether or not shareholders can handle sinking more money into a project with minimal return for the foreseeable future,” one campaigner told the Independent. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan
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