Shell’s investment could surpass $650M if exploration continues, according to the president of Colombia’s National Hydrocarbons Agency.
The government recently modified contractual terms for offshore exploration and launched a new process that allows companies to apply to explore in areas of interest, offering 20 blocks as part of a strategy to boost the oil sector.read more
EXCLUSIVE: TV chef who previously campaigned for green causes is facing a major backlash
The TV chef has launched Jamie Oliver deli by Shell (Image: PA)
Shell, whose profits hit £4.3billion last year, is in the top 10 global carbon dioxide emitters. It is also involved in a corruption trial over dealings in Nigeria.
Jamie Oliver has sparked fresh fury after trying to defend his £5million food-to-go deal with Shell.
The TV chef, 43, yesterday launched his range for the oil giant, despite campaigning for action on climate change.
He said he had “thought a lot” before agreeing to it, adding: “There are pitfalls working for any client, they all have their own baggage.”
But campaigners hit out at his reasoning, which comes after Jamie told of a cash crisis at his company.
Shell, whose profits hit £4.3billion last year, is in the top 10 global carbon dioxide emitters. It is also involved in a corruption trial over dealings in Nigeria.read more
Giants amass cash for share buybacks and dividends
Rachel Millard: October 28 2018
The two biggest London-listed oil majors are expected to report higher profits and cash levels this week, driven by rising oil and gas prices as the industry’s recovery continues.
The price of a barrel of Brent crude averaged $75.80 during the third quarter of the year, 45% higher than the same period in 2017, while UK gas prices are up 54% year-on-year.
The rally following the crash that sent prices below $30 a barrel in 2016 is helping companies to repay debt and start rewarding shareholders, even as it pushes up costs for households and motorists. Analysts’ profit forecasts for BP, which reports on Tuesday, averaged $2.8bn (£2.2bn) compared with $1.9bn during the same quarter last year.read more
LONDON, Sept 23 (Reuters) – Royal Dutch Shell pioneered Nigeria’s oil and gas industry and remains a major investor in the West African country. But over the decades it has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fueled violence.
Following are some of the highlights of Shell’s history in Nigeria:
1936 – The Royal Dutch Shell Group establishes a Nigerian venture with the precursor company of BP Plc. The first shipment of oil from Nigeria takes place in 1958.read more
From: John Donovan <johndonovan Subject: Justin Welby Date: 20 September 2018 at 11:50:12 BST To: [email protected]
Email sent to Prominent Members of the House of Lords
SUBJECT: Justin Welby, Archbishop of Cant, with a touch of Frank Spencer
Justin Welby is in hot water again. He has criticised another controversial company, last time Wonga and this time the tax-shy Amazon. Both later embarrassingly revealed to be businesses in which the Church of England is an investor. He is currently the main target of Rod Liddle in his outspoken Sunday Times column, described as the Archbishop of Cant, with a touch of Frank Spencer.
BBC Newsnight aired a related package on Friday 14 Sept drawing attention to the subject and the Church of England’s numerous questionable investments. In particular, its holdings in BP and Shell, both described as being “toxic”. Bearing in mind the history set out below, particularly the Nazi aspect and the antisemitism, how could the Church of England invest in such a toxic business, as Shell?
Shell has targeted perceived enemies, such as Greenpeace and The Body Shop, with undercover activity using Hakluyt & Co, the commercial offshoot of MI6 set up partly by Shell and BP. read more
Royal Dutch Shell has invested significantly in LNG with its takeover of British Gas in 2016. The acquisition of BG for more than $50 billion provided the Dutch company with a head start during a period when prices were low. Shell’s capacity in the LNG industry is nearly double compared to its nearest competitor. The company’s value currently is $53 billion less than Exxon’s, the largest oil and gas company in the world. Before the deal, the difference was more than $150 billion. FULL ARTICLEread more
Two of the major Dutch museums have just ended their collaboration with Shell, at a time of mounting protests over sponsorship by fossil fuel companies. Amsterdam’s Van Gogh Museum and the Mauritshuis in The Hague both terminated arrangements with the country’s largest oil and gas firm this summer. FULL ARTICLE
LONDON (Reuters) – Royal Dutch Shell’s (RDSa.L) oil traders in the Caribbean island of Barbados are getting ready for a tough gig – they’re being moved to the Bahamas next month. The relocation of the oil and gas company’s trading hub for Latin America will make travel to customers in the key region easier for its employees, a company spokeswoman said. FULL ARTICLE
By Elizabeth Burden and Thomas Biesheuvel 15 August 2018, 08:54 BST
*Methodist fund developing system analyzing company ethics *Top mining and oil companies will be graded by end of 2018
Divestment may be too blunt an instrument to encourage the world’s biggest oil and mining companies to behave ethically: the Methodist Church is prepared to back those committed to mending their ways. FULL ARTICLEread more
LONDON (Reuters) – Oil giant BP’s Eastern Trough Area Project off the coast of Scotland wasn’t supposed to be viable beyond 2018. But government and industry working together have given ETAP a new lease of life that is being closely watched by countries and companies eyeing other ageing projects around the world. When ETAP was launched 20 years ago today, some experts predicted the UK sector of the North Sea would cease most production by 2030. FULL ARTICLEread more
Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is setting the stage for an unprecedented crude price spike, according to Sanford C. Bernstein.
Companies have been compelled to focus on boosting returns and shareholder distributions at the expense of capital expenditures aimed at finding new supplies, analysts including Neil Beveridge wrote in a note on Friday.read more
LONDON (Reuters) – Royal Dutch Shell’s boss said it would be “foolhardy” for the oil and gas producer to set hard targets to reduce carbon emissions as it risked exposing the energy giant to legal challenges.
The energy industry has struggled in recent years to find a clear path to secure its role as the world shifts from fossil fuels in order to meet the 2015 Paris climate agreement goals.
Shell Chief Executive Officer Ben van Beurden last year set out ambitions last year to halve its carbon emissions by 2050, far exceeding rivals. But the Dutch CEO resisted calls by activists and some investors to set binding targets.read more
BP and Shell have bought electric-car charging companies
Power utilities are boosting sales to homes, chargers on roads
A red-hot electric vehicle market has triggered a face-off between Big Oil and utilities. Oil majors, who’ve sold fossil fuels to cars for a century, are now moving into an electricity sector that’s preparing for exponential growth. The problem is that utilities, the primary power suppliers for a century, have the same idea. BP Plc predicts electric vehicle sales will surge by an eye-watering 8,800 percent between 2017 and 2040, making it an attractive business for oil companies as demand for gasoline and diesel are forecast to slow. Big Oil will have to battle the traditional utilities for charging at people’s homes, on the road and even offices of green-car owners.FULL ARTICLEread more
Companies racked up a record £391bn of debt in the face of demand from investors to step up dividends and as bosses went hunting for deals.
The overall level of debt for UK plc in the 2017-18 financial year far surpassed pre-crisis levels of £286bn, according to the Debt Monitor report published by Link Asset Services UK today.
Among the heavy borrowers, oil giants BP and Royal Dutch Shell accounted for £1 in every £7 of all UK companies’ net debts last year. FULL ARTICLEread more
U.S. court dismisses climate change lawsuits against oil companies
Reuters Staff: JUNE 26, 2018
(Reuters) – A federal court in California dismissed climate change lawsuits by the cities of San Francisco and Oakland against five oil companies, saying the complaints required foreign and domestic policy decisions that were outside its purview. San Francisco and Oakland sued Chevron Corp, Exxon Mobil Corp, ConocoPhillips, Royal Dutch Shell Plc, and BP Plc last year seeking an abatement fund to help the cities address flooding they said was a result of climate change. Judge William Alsup of the U.S. District Court for the Northern District of California said in the ruling that the dangers raised by the complainants were real and worldwide, and both parties accepted the science behind global warming. FULL ARTICLEread more
Bonus Group: Further to Bogus Group's post yesterday. I am absolutely appalled that a Senior Executive of Royal Dutch Shell plc should spout so much nonsense concerning the Prelude installation. The statement is redolent of Malcolm Brinded and his 'Touch F*ck All' policy, which led to the deaths of Keith Moncrieff and Sean McCue on Brent Bravo on 11th September 2003. What is boring is the continuous misleading spin and blather from the top of this company and their lackadaisical approach to safety. 'Chronic Unease' is a well known expression in the Oil and Gas Industry, and that state of mind is far from boring or routine. In fact nothing is either boring or routine in Oil and Gas operations. Rob Jager moved last year to the post of VP Prelude after spending thirteen years as Country Chair and VP for Shell New Zealand/Shell Taranaki, after Shell announced the sale of its New Zealand interests in March 2018. Jager clearly previously has spent too much time being 'laid back' in the fantasy land of Lord of the Rings, marvelling at New Zealand's scenery and wondering who will be entertaining him for his next luxury seafood dinner accompanied by a glass of chilled expensive New Zealand Sauvignon Blanc.
Bogus Group: PLEASE SEE REPLY FROM JOHN WHICH FOLLOWS THE COMMENT FROM BOGUS GROUP
More on Prelude article in Upstream.
I’m stunned by what can only be described as idiotic statements. Nothing like the utopia of self-aggrandisement without verification. What is Jagers’ level of technical and operational capabilities? I recall similar rhetoric from BG Group charlatans, with the “best in class” mentality and use of the most overstated expression ever to be used outside the education sector, all aimed at pleasing their taskmasters.
Ramp-up of Prelude and what Jager hopes will be decades of “uneventful” and “boring” operation.
“This will be a state where little or nothing happens. We have few if any alarms, no surprises and where things are running like clock work and we are effectively in autopilot,” he said.
“We will know when we have succeeded in this ambition because Prelude will be recognised as the most boring asset in Shell global portfolio our people will refer to it as the safest and most desirable place to work, and when the rest of the industry is knocking on our door to find out how we have achieved such a best in class outcome, especially for a facility as complex and unique as Prelude.”
REPLY FROM JOHN
Hello, I would be grateful if you could send me a copy of the article via [email protected] using an anonymous email address. I would pass it on to retired Shell EP experts for their assessment.
Peter Voser: Shell may claim to be not responsible for the contractors’ instruction to staff to attend the meeting or loose pay, however, contractors working for Shell have a contractual obligation to comply with Shell’s General Business Principles and its Code of Conduct. Facilitating political rallying and coercing staff would certainly go against that.
Disappointing to see these principles are pushed aside when it comes to US politics.
Prelude Upstream Online Article: I would be interested to know the content of the article just published by Upstream Online about the Prelude FLNG problems?
Upstream Online: Shell learns from Prelude challenges
Shell is currently in the process of ramping up its Prelude floating liquefied natural gas development off Western Australia, but the ambitious project …
What I do know is that Prelude is still having difficulties in with the processed volumes of any of the three streams of product, LNG, LPG and condensate.
I have been monitoring the Marine Traffic web site with Prelude as the target. The offtake tankers, LNG or condensate, can be seen hanging around but at a greater distance from Prelude making it not as easy to keep track of as in previous occasions. The latest LNG tanker, Symphonic Breeze, has been nearby for nearly a week waiting for its nominated cargo. The demurrage costs must be quite high by now as the "notice of readiness" will have been tabled on arrival.
The pressure on the Prelude Operational Staff must be intense and unrelenting, so much for a plug and play project that Brinded made so much noise about.
LOST CUSTOMER: After reading in the news that workers in our Pennsylvania plant wore FORCED
to sit and listen to trump you can count on me PASSING EVERY SHELL station I see. (Comment received via email)
Trump Meeting: Is the payment of workers by Shell to attend a Trump rally appropriate?
How does Shell justify it?
Is Shell going to pay workers to attend opposition rallies for balance?
What's next payment for attending Bolsonaro rallies? (Received via email)
Coersion: Saw news on Shell's practice of coercing union employees into attending a campaign rally with Trump. I used to fill up with Shell gasoline. Will no longer purchase anything from Shell or anything that is in anyway obviously associated with Royal Dutch Shell (Posted comment was received by email)
Bonus Group: Bonus Group has previously mentioned John de Lange, once upon a time VP Well Engineering and Operations BG Brasil, last heard of kicking his heels in Chad as VP Operations for Glencore E&P (Canada) Inc before he fell foul of jackals and going to ground. This very wealthy man by his own admission now finds himself literally in hot water, or more precisely as a director of Geothermie Groep Nederland B.V. This is probably the best outcome for the oil and gas industry as his competency and motives were questionable at best.
USA USA USA: John, thanks for posting the article on the Trump visit to Penn Chem. Most insiders don't think Shell will really want that kind of connection to Trump. But if he asks to come with the EPA administrator and DOE Minister, what can you do, but say yes? Saying no would have resulted in a backlash for sure. Makes it difficult to stay politically neutral.
Shell still wants to play both sides on the US agenda, and win regardless of the outcome. This is more troubling for many, as it shows the messaging in EU is low carbon future, in the USA its drill baby drill. It makes your point on culture, that some still seem to doubt.
USA USA USA: it was very interesting to see Shell host President Trump at Penn Chem for Energy Speech that turned into a campaign rally.
More interesting that he seemed to take credit for making it happen.
https://pittsburgh.cbslocal.com/2019/08/13/donald-trump-in-beaver-county/
Scroll down to the middle and you can watch the full hour speech.
Mateusz: Hello, I am interested in purchasing royaldutchshellplc.com Are you interested?
REPLY BY JOHN DONOVAN
I would have taken your question more seriously if you had contacted me privately via email rather than via a public forum.
NAZI OBSESSION: What makes you think that anyone is interested in Shell's business dealings with the Germans several decades ago?
REPLY BY JOHN DONOVAN
Shell's historians must have thought someone would be interested or they would not have included dozens of pages filled with supporting evidence in "A History of Royal Dutch Shell" Volumes 1 & 2 published in 2007. Understandably, they spun the evidence in favour of their paying client, Shell. Another indication of interest is the many thousands of visitors to our new sister website shellnazihistory.com. Likewise, 17,918 blocked malicious login attempts on the new site with 1,696 blocked spam comments (by Akismet). All stats as of today, 13 July 2019. In addition to the public interest, clearly, there is evil intent towards the website. Wonder who that might be?
This is not a Shell website. Click on Disclaimer link at top of page for more information.
OPL 245 CORRUPTION SCANDAL: LATEST NEWS
$1.3bn Malabu Oil Scandal: Italy Protests Swiss Delay in Releasing Evidence against Shell, Eni 22 Jun 2019 04:10 This Day Chika Amanze-Nwachuku with agency report
Italian prosecutors have expressed dissatisfaction about lengthy delays in obtaining evidence they have requested from Switzerland in the criminal charges against Royal Dutch Shell and Italy’s Eni with regard to …
FG names Shell, Eni executives in $1bn bribery case – The Punch 08 May 2019 11:43 Google ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
FG files fresh charges against Shell executives, JPMorgan over Malabu Oil scandal 08 May 2019 10:01 Herald Sequel to the lawsuit filed last year against Royal Dutch Shell Plc, Eni and JP Morgan for being involved in a $1bn oil block bribery case, the Federal Government has submitted new case documents that indict their top executives.
FG said in the court files …
FG names Shell, Eni executives in $1bn bribery case 08 May 2019 08:09 Punch Newspapers ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245 02 Mar 2019 10:19 Biz Watch Nigeria Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011.
Shell said in a …
John Donovan’s ebooks
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON. EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
Shell, whose profits hit £4.3billion last year, is in the top 10 global carbon dioxide emitters. It is also involved in a corruption trial over dealings in Nigeria.
LONDON, Sept 23 (Reuters) – Royal Dutch Shell pioneered Nigeria’s oil and gas industry and remains a major investor in the West African country. But over the decades it has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fueled violence.
From: John Donovan <johndonovan
MARTIN BAILEY:
Shell oil traders trade one Caribbean paradise for another
By Elizabeth Burden and Thomas Biesheuvel
Ron Bousso
By Ben Sharples: Bloomberg News: 7 July 2018
Reuters Staff: JUNE 26, 2018
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EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.