Posts Tagged ‘Financial Times’
Shell: banishing delta blues
Shell’s Mr Fixit hammers home a message of capital discipline
Extract from a highly informative article by Guy Chazan published on 1 April 2014 by The Financial Times
Late last year, for example, Shell decided not to proceed with a multibillion-dollar plant on the US Gulf Coast that would have converted gas into synthetic diesel. Unusually, it canned the project before it had even carried out the basic design work. Mr van Beurden says that is the shape of things to come.
Shell warns on US natural gas bounce
Financial Times
By Guy Chazan
Royal Dutch Shell expects US natural gas prices to double by 2015, rebounding strongly from the 10-year lows they have hit as a result of the shale gas boom as US domestic demand for the fuel grows.
In an interview, Shell chief executive …
Shell pulls out of Kurdistan oil talks
FINANCIAL TIMES
November 16, 2011 10:05 pm
By Sylvia Pfeifer and Javier Blas in Erbil, northern Iraq
Royal Dutch Shell has pulled out of oil-development talks with the Kurdistan regional government in an effort to protect lucrative investments in southern Iraq, including a potential $17bn natural gas deal.
FINANCIAL TIMES ARTICLES CITING THE WEBSITE: Royaldutchshellplc.com
FINANCIAL TIMES ARTICLES CITING THE WEBSITE: Royaldutchshellplc.com
ENERGYSOURCE BLOG December 3, 2009
Spot news
…French companies dismiss claims of political fix (FT) Shell critic says oil major targeting his website Royaldutchshellplc.com operator cites released emails (Reuters) Nigerians urge Yar’Adua to step down Warnings of power vacuum… Kate Mackenzie
ENERGY SOURCE BLOG February 12, 2010
Shell’s directory leak shouldn’t be taken lightly
…corporations (in western countries) to campaign for change in corporate practices. Meanwhile John Donovan at royaldutchshellplc.com is irked , because he says Shell asked him not to make the directory public for security and personal reasons… Kate Mackenzie
Shell accused over Syrian oil exports
FT.Com
By David Blair, Energy Correspondent
Published: May 29 2011 20:02
Royal Dutch Shell has been accused of working hand in glove with Syrias regime after the energy company chartered a tanker to export almost 600,000 barrels of the countrys oil. A spokesperson for Shell declined to confirm or deny the vessels arrival in Syria, saying only that the company does not comment on commercial information.Hundreds of people have been killed since popular protests against the regime began in March. The army has responded to the unrest by opening fire on unarmed demonstrators in the countrys largest cities.
By continuing its commercial relationship with Syria despite the bloodshed, critics say that Shell is complicit in Mr Assads repression. Shell continues to work hand in glove with the regime. The people of Syria rise up for freedom, but this company has placed itself firmly on the side of corrupt dictators, said Lorenzo Paluello, a researcher for Platform.
Shell tried to lean on Time Magazine
Our applications compelling Shell to supply us with Shell internal documents in which we are mentioned, has generated some very revealing information, especially in regards to Shell bullying and manipulating the news media.
We have previously published articles revealing Shell’s intent to “kill” a half-page story about this website that The Sunday Times was on the brink of publishing.
The story was killed.
In 2007 Shell lawyers and media specialists in the USA and Europe were frantic about thwarting our contact with Fox News. As is evident from repetitive fragmented Shell internal correspondence, Shell was panicked about the prospect of Bill O’Reilly taking up our suggestion of Americans boycotting Shell, because of its continued links with the fanatical Iranian regime.
Shell’s intent to lean on the Financial Times
This is the first story arising from the 2010 crop of Shell internal communications Shell was legally obliged to supply to us following a further application under the Data Protection Act.
It provides evidence of Shell’s intent to lean on a major newspaper publisher in connection with an article published on this website: royaldutchshellplc.com.
Previous Shell internal emails provided proof of Shell’s intent to pressurize The Sunday Times to “kill” a story about us and our website. The half-page article which revealed how our intervention in the Sakhalin2 project had cost Shell £11 billion was read to me over the telephone by the Sunday Times journalist, but the story was killed hours before publication It contained an interview with the so-called Kremlin Attack dog, Oleg Mitvol, who confirmed our pivotal role and made a most unflattering comment about Shell management.
US oil industry split as leaked memo reveals lobbying plan
The American Petroleum Institute, which represents the US oil industry, has written to member companies asking them to "move aggressively" to stage up to 22 public meetings, similar to the recent protests against President Barack Obama's healthcare plans.
Gamble on gigantic LNG project is set to come good
Royal Dutch Shell is building the 140,000b/d Pearl GTL complex at a cost of more than $18bn.
Will the hoped-for green jobs materialise?
Although BP and Shell have pulled out of the UK offshore market, others such as Masdar, the Abu Dhabi government's investment vehicle for sustainable energy, moved to fill the gap. Masdar acquired a 20 per cent stake in in the £2bn London Array offshore wind project after Shell walked away.
Sibir’s bail-out of investor stuns market
The development of the Salym field in western Siberia, a joint venture with Royal Dutch Shell, has been a huge success, taking Sibir's production to 76,700 barrels of oil per day last month, a very respectable amount for an independent. It has proved and tested reserves, under Russian definition, of 491m barrels of oil. An often-rumoured deal with Shell has so far come to nothing. But the reserves remain a valuable asset and the best hope for shareholders is that some way can be found to realise that value.
Shell, ExxonMobil and Chevron in the race to exploit frozen assets
Meanwhile, Denmark has attracted the likes of ExxonMobil and Chevron, the two biggest US energy groups, along with several smaller players, to explore off the western coast of Greenland, its semi-autonomous territory. And earlier this year Royal Dutch Shell, Europes biggest energy group, won the right to explore the remote part of Alaskas Arctic North Slope.
Shell death toll ‘higher than peers’
Last week Shell and service player Amec were each fined £150,000 ($230,000) after an Amec worker died during operations at Clipper. An inspector with the UK's Health & Safety Executive said in a report accident had been caused by the two companies failing to manage well-known and readily foreseeable hazards, and said that, had adequate risk assessments been carried out, the accident could have been avoided.
Workforce deaths at Shell higher than for other western oil groups
Shell said: "We are deeply saddened by these losses. Of these fatalities, 17 happened in our upstream business, mainly on the roads, or at high-risk locations like Nigeria, where two lives were lost due to assaults and a third died as a result of a fire caused by criminals stealing oil from a pipeline."
A deal for Nexen could spark a wave of mergers and acquisitions by companies such as Royal Dutch Shell
A deal for Nexen could spark a wave of mergers and acquisitions, analysts said, pointing out that several US companies, such as Anadarko, Marathon and the UK's BG were being eyed by companies such as Royal Dutch Shell, Eni and other larger rivals.