Posts from ‘July, 2011’

RECEIVED BY EMAIL. LINKS IN WITH RECENT POSTINGS CONCERNING SHELL MALAYSIA EMPLOYEES

Dear John

Hope you are keeping well.

Just yesterday, I came across the story of Carol Tan who recorded her experience in a website (link below).

http://shelledfordepression.com/openletter.html

I was not sure if you had run her story before….but if not, I think this was a well written and important piece, that would promote greater awareness among readers.

Regards

Results clouded by rivals and identity crisis! Titanic court battle looms for oil company! Executives may face charges!

By Rowena Mason: 9:33PM BST 30 Jul 2011

If those headlines were meant for readers in 2011, the subject could be only one sorry corporate story: BP and its $40bn (£24bn) Gulf of Mexico oil disaster.

However, the real answer lies six years earlier in another just as painful oil scandal that hit BP’s nearest rival, Royal Dutch Shell. This was the heated reaction to news that Shell had over-stated its oil reserves by a third in the years leading to 2004.

Downgrade after downgrade kept hitting the company’s share price until matters came to a head over an email from Shell’s head of exploration to the chief executive. read more

EMAIL RECEIVED BY JOHN DONOVAN

John,

After 82 years Sunday 31st July is the last day of Shell’s ownership of Stanlow.

Can I thank you for all the help, and publicity, you have given us over the last few years. We are looking forward to becoming part of Essar and are not sorry to see Shell go.

Keep up the good work.

Regards

ENDS

By IAN URBINA

A version of this article appeared in print on July 30, 2011, on page A13 of the New York edition.

WASHINGTON — The Securities and Exchange Commission sent subpoenas this week to energy companies asking them for documents about how they calculate and publicly disclose the performance of their shale gas wells, according to oil and gas industry lawyers.

The subpoenas reflect the regulators’ interest in determining whether companies are overstating how their gas wells perform and how much gas these companies can profitably extract over the long term.

It is not clear how many subpoenas were sent. John Nester, a spokesman for the commission, declined to comment. read more

By Ross Davidson and Elaine Maslin

Published: 30/07/2011

THE UK Government’s £10billion tax raid on North Sea operators has cast doubt on the future of another significant discovery.

Oil and gas giant Royal Dutch Shell said yesterday it would not develop the Fram field, which holds hundreds of millions of barrels of oil, until it had assessed the full extent of the tax impact.

The firm said it had submitted a field-development plan to the Department of Energy and Climate Change, but the tax rise had made even that decision more difficult. read more

LIVE ARTICLE

By STEVE HAWKES Business Editor

SHELL revealed profits of £37,347 a MINUTE yesterday – as petrol prices soared back to within a PENNY of record levels.

The oil giant raked in an incredible £4.9billion from April to June – up 77 per cent on last year.

Chief executive Peter Voser insisted the petrol price rise was down to sky-high oil prices.

He said Shell made “virtually nothing” on the forecourt – and told motorists to take their complaints to the Government.

Mr Voser said: “We are very competitive on the forecourt. And remember, 60 to 70 per cent of the price people pay at the pump is tax. The vast majority of our profits come outside the UK – in 89 to 90 other countries.” read more

By Steve Evans: Published 8 July 2011

Thanks to WikiLeaks and hacktivists Anonymous, data breaches have never been higher up the agenda.

CBR looks at some of the more infamous incidents of data loss.

Extract

Shell, 2010

Keep your workers happy seems to be the message behind this leak. Energy giant Shell was rocked in early 2010 when a database of 170,000 of its workers was emailed out to human rights groups and environmental activists, including Greenpeace and royaldutchshellplc.com, a website run by anti-Shell campaigners. It was rumoured that the database was emailed out of the company by a disgruntled employee. According to The Times, a covering letter criticising Shell’s activities in Nigeria was sent out with the database, apparently signed by more than 100 workers in the US, Holland and the UK. read more

Oil group unveils earnings of nearly £5bn for the last quarter

• Terry Macalister
• Thursday 28 July 2011 19.12 BST

Profits at Shell soared 77% to nearly £5bn in the last three months, but the oil group said there was little chance of lower prices for motorists, with energy prices due to rise even further in the long term.

Chief executive Peter Voser said there was no point in blaming Shell for high pump prices given that the company made virtually “nothing” on petrol and 60% to 70% of the price for each litre went to the government in taxes.

“It’s the end of low-cost oil and gas. I think we are going into a world where finding the oil and gas is going to be more complex. It needs more money, needs more investment,” said Voser. read more

By Katarzyna Klimasinska – Jul 28, 2011 5:00 PM GMT+0100

A lawsuit by environmental groups over Royal Dutch Shell Plc (RDSA)’s oil drilling in the Gulf of Mexico may become a “backdoor moratorium” that curtails U.S. development, said Marvin Odum, the company’s U.S. president.

The Natural Resources Defense Council of New York and Oakland, California-based Earthjustice said Obama administration approval of a Shell exploration plan for the Gulf’s deep waters violates environmental laws and should be withdrawn, according to June 9 petitions. read more

By Simon Packard – Jul 28, 2011 3:32 PM GMT+0100

Royal Dutch Shell Plc (RDSA) sold most of its London headquarters campus to Canary Wharf Group Plc and a unit of Qatar’s sovereign wealth fund for 300 million pounds ($490 million).

Canary Wharf, which developed the former docks in east London of the same name, and Qatari Diar Real Estate Investment Co. bought Shell Centre to redevelop the 5.25-acre (2.12 hectares) site near Waterloo railroad station into offices, shops and apartments, according to a statement. Shell’s 27-story office tower at the center of the complex wasn’t included. read more

Posted: 7/28/11 07:48 AM ET

An Open Letter to Michael Bromwich, Director of the Bureau of Ocean Energy Management, Regulation and Enforcement

Re: Shell’s push to drill in the Arctic

Dear Director Bromwich:

You recently said that you were studying how to treat “[offshore drilling] operators who may have behaved badly in the past and whether they should be allowed to continue operating in the future.” I’m writing to tell you about one company that has not only been “behaving badly” in the past but plans to continue doing so into the future. Shell Oil is pushing to drill in America’s Arctic Ocean – an area pristine and untouched, home to some of our nation’s most beloved species of wildlife and relied upon for thousands of years by local indigenous peoples –with no effective way to clean up an oil spill in the Arctic’s ice-covered, remote and extreme conditions. read more

28 July 2011 Last updated at 14:16

Oil giant Royal Dutch Shell has reported a 77% jump in second-quarter profit, thanks to higher energy prices.

Shell’s profit for the three months to June came in at $8bn (£4.9bn) on a current cost of supplies basis, up from $4.5bn in the same period last year.

Though oil and gas production was 2% lower than the same quarter in 2010, the company said it had benefited from asset sales in the first half of 2011.

Earlier this week, rival BP announced second-quarter profits of $5.3bn. read more

By Alexis Flynn: Published July 28, 2011 Dow Jones Newswires

LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSA.LN) Chief Executive Peter Voser said Thursday the Anglo-Dutch energy giant is in early stage talks with Russia and OAO Rosneft (ROSN.RS) about further opportunities in the country after the recent collapse of a proposed BP PLC (BP)-Rosneft venture.

“We have had discussions with the Russian state and Rosneft and we are exploring opportunities within Russia and outside Russia. These talks are at a very early stage and it would be pure speculation to now talk about potential outcomes. The discussions are ongoing and we will inform the market at the appropriate time on how we are progressing,” said Voser. read more