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How Far Will BP plc And Royal Dutch Shell plc Fall If The Oil Price Reaches $20 A Barrel?

Jan 25th, 2016
by John Donovan.
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The share prices of these giants could halve… My investment advice for both companies is unequivocal. STEER. WELL. CLEAR.

By Prabhat Sakya – Monday, 25 January, 2016

Isn’t it interesting how, whenever there’s any news, we tend to jump on the negative side rather than the positive? As a commuter, I drive many thousands of miles every year. That’s why it’s great for me that the oil price is falling. And alongside the hundreds of pounds I’m saving on my daily commute, I’ll save a pretty penny on my heating bills over the next few years. Cheap fuel allows the global economy to run more cheaply, and that benefits consumers around the world. 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 and VW top list of NGOs ‘most hated’ brands in the UK

Jan 18th, 2016
by John Donovan.
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Zlata Rodionova: 18 JAN 2016

Volkswagen has made a list of non-governmental organisations’ “most hated” brands in the UK for the first time, following a turbulent year for the company dealing with fallout from the emissions scandal.

VW came in at fourth place in the survey that named Shell as the most hated brand.

VW is now the seventh least popular brand in the world, according to the survey of more than 7,500 NGOs by Sigwatch, a consultancy.

Robert Blood, founder and managing of Sigwatch, told the Independent that the Volkswagen scandal allowed NGOs to draw attention to the bigger problem of green emissions. 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.

VW challenges Shell as world’s ‘most hated’ brand after emissions scandal

Jan 18th, 2016
by John Donovan.
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Screen Shot 2015-12-18 at 08.01.07The emissions scandal has propelled Volkswagen to the fourth spot in a list of brands most hated by NGOs, while Shell retains the top place.

Energy companies dominate the list of the most criticised companies in the world.

Shell’s Artic drilling plans made it a particular target for criticism in 2015, according to research by NGO tracker Sigwatch.

FULL ARTICLE

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Shell the company most criticised by campaigners

Jan 17th, 2016
by John Donovan.
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Sunday 17 JAN 2016

German carmaker Volkswagen was one of the “most disliked” companies for pressure groups last year following its emissions scandal, a survey has found.

Shell was the most criticised by campaigners, followed by Monsanto, which makes genetically modified food.

Half of the top-10 most criticised companies on Sigwatch’s list were energy firms, because of “the elephant in the room – climate change,” Mr Blood said.

Top was Shell, but TransCanada, ExxonMobil, EDF and BP also featured. 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 lease requests offshore Alaska face scrutiny

Jan 14th, 2016
by John Donovan.
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Shell is challenging a decision by the federal government to deny its request to suspend leases in the Arctic waters off the coast of Alaska that would expire in 2017 and 2020. Federal leases expire at the end of their terms unless operators are engaged in drilling or related activity.

ANCHORAGE, Alaska, Jan. 14 (UPI) — A group of environmental activists filed a challenge to leases held by Royal Dutch Shell in Alaskan waters, citing the need to act on behalf of the climate.

Earthjustice, working on behalf of eight conservation groups, including the Sierra Club and Greenpeace, filed to intervene in decisions before the Department of Interior regarding Shell’s leases in the Beaufort and Chukchi Seas.

“The Arctic Ocean is ground zero for climate change, and drilling in such a sensitive region threatens the whales, seals and countless other wildlife that call it home,” Earthjustice attorney Erik Grafe said in a statement. read more

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Royal Dutch Shell Terminates Rig Contract with Transocean

Dec 28th, 2015
by John Donovan.
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By Mushhood Khan on Dec 28, 2015 at 9:07 am EST

Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has terminated its rig contract with Transocean for the harsh environment semi-submersible rig, Polar Pioneer. The contract was initially scheduled to expire in 2017, but was rescinded today i.e. December 28. Transocean said in a press release that it would be compensated “for the early termination through a lump-sum payment.”

The contract for the Polar Pioneer rig was awarded to Transocean in 2013 at a $620,000 day-rate. The Polar Pioneer rig was a part of Shell’s controversial drilling project in the Arctic Ocean. It was used in the Burger J prospect in the Chukchi Sea, 70 miles from the village of Wainwright. read more

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Shell terminates contract for infamous drillship

Dec 18th, 2015
by John Donovan.
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Grant Rowles: DECEMBER 18, 2015

Noble Corporation has announced that Shell has terminated the contract for the drillship Noble Discoverer.

In its latest fleet status report, Noble said that “Shell has terminated the rig’s contract for convenience” and has agreed to pay the remaining term at approximately 90 percent of the operating dayrate “adjusted for certain other items.”

Shell committed to a three-year deal in late February 2014 at $368,000 per day for the drillship to be used for its failed Arctic drilling campaign… 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 working to protect assets offshore Alaska

Dec 17th, 2015
by John Donovan.
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Screen Shot 2015-11-03 at 08.42.45Dutch supermajor notes the challenge does not equate to a resumption of drilling activity.

By Daniel J. Graeber: Dec. 17, 2015

WASHINGTON, Dec. 17 (UPI) — While Royal Dutch Shell said it aims to protect its drilling rights in the Arctic waters offshore Alaska, it said drilling was off the table for the foreseeable future.

Royal Dutch Shell in October said it was considering its options when the Bureau of Safety and Environment Enforcement denied its request to suspend leases in Arctic Alaskan waters that expire between 2017 and 2020. Leases expire at the end of their terms unless operators are engaged in drilling or related activity. 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 Expand CNOOC Petrochemical Venture in Southern China

Dec 16th, 2015
by John Donovan.
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Screen Shot 2015-11-20 at 08.55.47By Bloomberg News: December 15, 2015

Royal Dutch Shell Plc. is expanding its petrochemical venture in southern China with China National Offshore Oil Corp.

The two companies signed an agreement Tuesday to double the capacity of their equally held ethylene-cracking facility in Guangdong province to 2 million metric tons a year and add other chemicals units, Shell said in an e-mailed statement. The new facilities are expected to start operation in two years, it said, without providing a figure on the cost of the expansion. 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 Bid Aims to Preserve U.S. Drilling Rights in Arctic Ocean

Dec 15th, 2015
by John Donovan.
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Screen Shot 2015-12-15 at 16.53.51Jennifer A Dlouhy: December 15, 2015: Bloomberg.com

  • Oil company files appeal challenging rejection by Interior

  • Clock now ticking on oil and gas leases expiring in 2020

Screen Shot 2015-11-03 at 08.42.45Royal Dutch Shell Plc is fighting to preserve U.S. drilling rights in Arctic waters three months after halting exploration indefinitely there because it failed to find meaningful oil or natural gas deposits.

Europe’s largest oil company filed a notice of appeal Tuesday challenging the U.S. Interior Department’s Oct. 29 rejection of the company’s requests to stop the clock on Arctic oil and gas leases that otherwise expire between 2017 and 2020. The dispute is expected to undergo an administrative review, possibly delaying a final judgment until after a new U.S. president takes office. 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’s Management Wants You to Know These 5 Key Things

Dec 10th, 2015
by John Donovan.
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Royal Dutch Shell’s Management Wants You to Know These 5 Key Things

Screen Shot 2015-11-20 at 08.55.47Last quarter was a pretty rough one for Royal Dutch Shell (NYSE:RDS-A) (NYSE:RDS-B). The company was forced to take more than $7.9 billion in charges to the income statement to write down some abandoned development projects, and its oil and gas production in the Americas continues to be a bit of a headache. 

Management was well aware of how these results looked, and so on its most recent conference call its executives acknowledged these weaknesses but also had some things to say that any investor in Shell should be aware of. Here are five quotes from the most recent conference call that provide some juicy tidbits into how to view this company over the long term. 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.

Economics, not just regulation, sidelined Shell’s offshore Alaska drilling plans

Dec 9th, 2015
by John Donovan.
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Screen Shot 2015-11-03 at 08.42.45Dermot Cole: December 8, 2015

Fresh assertions that the Obama administration smothered Shell’s Arctic dreams followed the news that Statoil gave up on its leases, the second company to abandon plans to look for oil in the Chukchi Sea.

Citing market conditions and noting the leases “are no longer considered competitive within Statoil’s global portfolio,” the Norwegian company announced its withdrawal plans Nov. 17. The company had long taken a cautious approach in the region, using Shell as a bellwether. Earlier this year it had scaled back its plans to drill in the Barents Sea because of low oil prices. 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.

The Inside Story of Shell’s Arctic Assault

Dec 9th, 2015
by John Donovan.
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Screen Shot 2015-11-03 at 08.42.45A months-long investigation shows how the energy giant pressured the Interior Department during the company’s gung-ho Arctic push—and got most of what it wanted (except oil).

By Barry Yeoman: December 08, 2015

Last May, four months before the oil giant Royal Dutch Shell suspended exploration in offshore Alaska, Christopher Putnam needed to get something off his chest.

Putnam is 44, originally from Texas, a trained wildlife biologist who also served as an Army infantry sergeant during the Iraq War. For almost six years he has worked in Alaska for the U.S. Fish and Wildlife Service, protecting marine mammals. It has been his job to ensure that Shell’s plans to drill more than 60 miles offshore in the Chukchi Sea—the wild Arctic water between Alaska and Siberia—wouldn’t harm Pacific walruses, particularly the juveniles, calves, and nursing mothers that dominate the Chukchi during the drilling season. 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.

Report: Political pressure prompted hasty environmental review of Shell’s Arctic play

Dec 8th, 2015
by John Donovan.
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Screen Shot 2015-11-20 at 08.55.47Yereth Rosen: Ben Anderson: December 7, 2015

Regulators hoping to avoid criticism and potential congressional backlash rushed an environmental review of offshore Arctic oil development to ensure that Royal Dutch Shell would be able to drill this year, said a report issued Monday by a federal watchdog agency.

The investigation, conducted by the U.S. Department of Interior’s Office of the Inspector General, was launched in response to complaints from Bureau of Ocean Energy Management employees who worked on a rewrite of the supplemental environmental impact statement for oil leasing in the remote Chukchi Sea off Alaska’s northwest coast. 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 Forced to Scale Back Ambitions

Nov 27th, 2015
by John Donovan.
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Screen Shot 2015-11-20 at 08.55.47By James Stafford: Thu, 26 November 2015

As with most oil companies, 2015 has been a rough year for Royal Dutch Shell. The Anglo-Dutch company reported a third quarter loss of $6 billion, which included $7.9 billion in impairment charges.

During its third quarter earnings call, Shell’s CEO Ben van Beurden summed up the company’s strategy, emphasizing restraint. “Grow to simplify” is how he put it. What that means in practice is scrapping the Arctic campaign; pulling out of the expensive Carmon Creek oil sands project in Canada; shedding assets in the less desirable parts of North American shale; selling assets elsewhere around the world, including Nigeria; and focusing on its merger with BG, which is a big bet on LNG. 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.

Are the Oil Sands Going Bust?

Nov 13th, 2015
by John Donovan.
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Screen Shot 2015-09-17 at 07.55.40Written by Keith Kohl: Posted November 12, 2015 at 6:51PM

After backing out of an Arctic drilling program, Shell is taking yet another hit by leaving the Canadian oil-sands in Alberta.

To put it simply: the losses were too great.

There was no way Shell would have been able to stay competitive, so it decided to opt out, taking a $2 billion hit in the process.

As you know, the slump in crude oil prices since the summer of 2014 has caused energy companies to re-think upcoming projects.

Shell’s absence leaves at least 18 future projects on hold. 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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