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Posts Tagged ‘Simon Henry Shell’

Shell voices long-term concerns over Europe as profits double

By Emma Rowley

EUROPE’S failure to cultivate growth is a bigger worry for oil and gas major Royal Dutch Shell than the region’s current sovereign debt crisis.

The Anglo-Dutch company has cut its support of European projects to just 15pc of its total investment spend, which it puts at $100bn (£62bn) over four years. Shell expects to keep reducing that share amid longer-term concerns about the region, according to Simon Henry, its chief financial officer.

“Europe’s macroeconomic position can only recover, and the sovereign debt crisis can only be addressed, through underlying economic growth, and we do not see the European Union creating the conditions for that – in fact, quite the opposite,” he said. “Most moves made by the Commission, one way or the other, tend to almost, either directly or indirectly, reduce the competitiveness of European industry.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell looks to North Sea as European investment cut

MARK WILLIAMSON

28 Oct 2011

ROYAL Dutch Shell said it would curb investment in Europe where it expects the economy to stagnate, but made clear it would still spend in the North Sea.

Announcing bumper profits driven by high oil prices, the oil and gas giant said it will shift a growing share of its investment to places like Qatar, where the launch of huge projects will underpin growth for years.

Noting that Shell only devotes 15% of its investment to Europe, chief financial officer Simon Henry said the continent’s share will shrink amid concerns about the fallout from the debt crisis. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

OIL GIANT ROYAL DUTCH SHELL PROFITS BONANZA

By David Cralk: Friday October 28,2011

OIL giant Royal Dutch Shell unveiled a doubling in profits ­yesterday thanks to higher prices as it vowed to slash European investment because of economic fears.

Chief executive Peter Voser said the group was making good progress as it reported third-quarter profits of $7.2billion (£4.5billion) for the period to the end of September up from £2.1billion last time.

It said oil prices, often soaring above $100 a barrel and new projects particularly in Canada and Qatar, had been the main drivers offsetting a 2 per cent dip in production to 3million barrels a day after a ramp up in asset sales such as its SDHp Norwegian gas pipelines. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell plc — 2010 Annual Publications — Simon Henry, Chief Financial Officer

httpv://www.youtube.com/watch?v=jNbEQnV8_3Y&feature=youtube_gdata_player

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell Iranian treachery

Royal Dutch Shell is once again funding a fanatical regime intent on the extermination of the Jewish people. Iran is bent on developing nuclear weapons to destroy Israel, finishing the job that Shell’s former Nazi partners embarked upon, killing millions of Jews in the Holocaust.

By John Donovan

According to a Reuters article published on Thursday: “Companies are still finding ways to buy Iranian oil. Royal Dutch Shell and some Italian and Spanish refiners buy Iranian barrels with finance coming from Chinese and Italian banks…”

As a result of previous signals from Shell, it seemed that the company had ceased trading with the fanatical Iranian regime supplying road side bombs, which have maimed and killed many US and British soldiers.

Even the Donovan’s, well versed in the duplicity, deceit and trickery of Shell, thought the company had ended its trading with Iran. We should have known better. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell profits flow faster as oil prices rise and new ventures deliver

guardian.co.uk home

Canadian oil sands field starts production and projects are planned in the Gulf of Mexico – where BP’s Deepwater disaster has so far cost Shell $115m

Tim Webb: Friday 29 October 2010

Trucks carry loads of oil-laden sand in Alberta, Canada, where Shell has 13 projects scheduled to come on stream. Photograph: Jeff Mcintosh/AP

Shell nearly doubled earnings in the last three months thanks to higher oil prices and production as new ventures came on stream. Excluding write-offs made for accounting purposes, its earnings were $4.9bn (£3.1bn) for the three months to September, compared with $2.6bn the previous year.

During the quarter the company began production at its oil sands mine in Jackpine, northern Alberta, part of its programme to add another 100,000 barrels a day from these operations. Jackpine is the fifth start-up of 13 projects that have been approved and are scheduled to come on stream this year and next. Shell hopes they will allow it to achieve its target of increasing its 2009 production by 11% by 2012. The company has spent $190bn in its operations since 2004 – almost double the capital investment over the preceding five years – which it hopes will reverse several years of falling production. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell writes off $1B in oilsands assets

Royal Dutch Shell is assigning higher priority to its Carmon Creek in situ project near Peace River and its ongoing expansion at the Athabasca Oil Sands Project near Fort McMurray, said chief financial officer Simon Henry. Photograph by: BEN STANSALL, AFP/Getty Images

CALGARY – Royal Dutch Shell is writing off about $1 billion in oilsands assets, including some bought with BlackRock Ventures of Calgary in 2006, after evaluating and shifting focus to other northern Alberta projects. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell confirms that it is continuing to trade with Iran

Shell studies oil trade impact of EU Iran sanctions

By Alex Lawler

LONDON | Thu Oct 28, 2010 7:47am EDT

(Reuters) – Royal Dutch Shell Plc (RDSa.L) said it would assess any impact of European sanctions on its oil trade with Iran and had stopped some activities there following tougher U.S. measures earlier this year.

The European Union sanctions over Iran’s nuclear work, launched in July and which became law this week, seek to block oil and gas investment in the Islamic Republic, the world’s fifth largest oil exporter.

“Our trading business with Iran is carried out under longer-term contracts,” Shell’s chief financial officer, Simon Henry, said on Thursday. “We continue to lift (buy Iranian crude) under those contracts, but we do need to assess any implications of the European legislation.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell May Invest $1 Billion a Year in China, CFO Says

Bloomberg

Royal Dutch Shell Chief Financial Officer Simon Henry (said the Hague-based oil producer is looking at jointly expanding its gas acreage in mainland China with PetroChina Co. Photographer: Jock Fistick/Bloomberg

By Bloomberg News – Sep 14, 2010 12:07 PM GMT+0100

Royal Dutch Shell Plc, Europe’s biggest oil company, may invest $1 billion a year in China should two wells in Sichuan province show potential for commercial gas production, its chief financial officer said.

“With successful exploration, we could easily invest $1 billion a year in the following five to seven years,” Simon Henry said in an interview today in Tianjin, China. “The geology could be as attractive as the U.S.”

Shell expects the share of gas in China’s total energy use to rise to 10 percent in a decade’s time from 4 percent now, according to Henry on April 28. The Hague-based oil producer is looking at jointly expanding its gas acreage in mainland China with PetroChina Co., he said today. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Widens Talks On Sale Of European Refineries

Shell Stanlow Refiney

THE WALL STREET JOURNAL

APRIL 28, 2010

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) is still in talks with Essar Oil Ltd. (500134.BY) over the sale of three of its European refineries, but the company has also initiated talks with other parties, Chief Financial Officer Simon Henry said Wednesday.

Other potential buyers include private equity groups and state-controlled oil companies from outside Europe, he said.

Shell entered exclusive talks with Essar over the sale of the three refineries–Stanlow in the U.K. and the Heide and Harburg refineries in Germany–late last year, but talks between the companies have failed to reach a conclusion. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell, Total Step Up Reliance on Gas as Access to Oil Declines

April 26 (Bloomberg) -- Royal Dutch Shell Plc and Total SA are among energy producers shifting the balance of their production toward natural gas as oil-rich countries clamp down on access and deposits become easier to tap.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Says Criticism Of Venezuela Was ‘Misunderstanding’

THE WALL STREET JOURNAL

By Dan Molinski Of DOW JONES NEWSWIRES MARCH 18, 2010, 9:28 A.M. ET

CARACAS (Dow Jones)–Royal Dutch Shell PLC (RDSB) moved Thursday to clear up what it calls a “misunderstanding” regarding sharply critical remarks of Venezuela reportedly made by one of the oil company’s top officials.

Shell on Tuesday said international oil majors have mostly lost interest in investing in Venezuela, according to Reuters news agency, following leftist President Hugo Chavez’s nationalization of assets in recent years. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell workers left wondering if latest round of redundancies will be the last

Press & Journal

Aberdeen Shell jobs look safe in latest culling

Further 1,000 positions to be shed

By Keith Findlay
Published: 17/03/2010

SHELL jobs in the north-east look to have been spared the axe in the latest round of cuts at the oil and gas giant.

It emerged yesterday that a further 1,000 positions globally are going, on top of the 5,000 shed in 2009 and 1,000 the firm had previously flagged up for this year.

Shell would not say exactly where the latest cuts in its 101,000-strong worldwide workforce would be, but chief executive Peter Voser said the axe would fall mainly on downstream and corporate roles.

Aberdeen, where Shell employs about 1,800 people, is the hub for the firm’s UK upstream – exploration and production – activities and is, therefore, unlikely to see much of an impact. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Not much time for Shell to lick BP inflicted wounds

Times Online

The Times

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Business big shot: Simon Henry, of Royal Dutch Shell

Emma Keens

After being knocked off the top spot as Europe’s largest oil and gas producer by market capitalisation this week, Shell executives did not get much time to lick their wounds.

The Anglo-Dutch company’s shares continued their slide yesterday amid talk that it had been guiding analysts to reduce their fourth-quarter earnings forecasts by about 20 per cent. A handful of downgrades served only to fuel that fire.

One man feeling the pain more than most will be Simon Henry (right), Royal Dutch Shell group’s chief financial officer, whose first year in the role has been anything but smooth, with falling demand continuing to pummel the oil industry. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.