News and information on Shell Plc
How reassuring.
According to a Bloomberg article, Simon Henry, a mathematician, accountant, and the Chief Financial Officer of Royal Dutch Shell Plc, has stated in relation to drilling for oil in Arctic seas, off Alaska –
“Its not that difficult to drill up there.”
The long term bean counter is also quoted as saying “Thirty years ago we went there and drilled several wells pretty quickly.”
His bold statements would have more weight if uttered by someone with expertise in offshore drilling.
DAILY EXPRESS: Oil giant Shell floats as prices sinkExtracts
ROYAL Dutch Shell unleashed an industry-beating rise in quarterly profit yesterday, despite falling oil prices, and vowed to keep slashing less-lucrative projects.
Finance chief Simon Henry said: “It’s quite likely we’ll take a very close look at investment levels where we have flexibility if we see oil price weakness persisting.”
DAILY MAIL: Shell posts forecast-busting profit rise of 31pc despite slump in oil pricesExtracts
Shell has managed to weather the sharp drop in the price of oil since June, announcing forecast-busting results for the third quarter.
Styrene prices shot up following a steam leak at Shell’s steam crackers at Moerdijk in the Netherlands early this month.
Shell had to declare force majeure on ethylene and propylene at the unit which makes basic materials for the chemical industry and employs about eight hundred people.
The main repairs will last until at least the end of 2014, with some work not completed until an unspecified date in 2015.
The plant supplies steam to all the plants at the complex.
A Shell spokesman admitted that the steam leak resulted in flaring activity.
From a Regular Contributor
I see Shell got an American as its new chairman.
(Chad Holliday right).
Not certain that is good news for the shareholders, although it is clearly good politics.
Shell needs extensions to its leases in the Arctic and with an American arguing the issue they might succeed.
If he saves Shell’s $6 billion investment he will have earned his salary.
Shell also knows there is a bunch of oil and gas in those structures they want to drill. And so the rumors of a Shell/BP merger are not to be dismissed. A merger would give Shell BP’s interest in Alaska, unless the USG objected.
By John Donovan
Chad Holliday, the former chairman of Bank of America, is replacing the Finn Jorma Ollila as chairman of Royal Dutch Shell Plc.
Before his four year stint as chairman at Bank of America, Holliday was chairman and chief executive of Dupont.
Commenting, Mr Ollila said, ‘I am delighted that the Board has appointed Chad Holliday to succeed me as Chairman. He has a distinguished track record as an international businessman and I am sure he is the right person to chair the Board going forward after the 2015 AGM.’
By John Donovan
Since 22 October 2014 I have been updating an article posing the question: “Shell being blackmailed?”
Top people at Royal Dutch Shell have all spoken directly to a director of a former Shell “Mr Fixit” company in Ireland, OSSL, which has bombarded Shell with money demands to settle a dispute that Shell says it has already settled.
To be specific, Desmond Kane of OSSL has spoken in person to Peter Voser, Ben van Beurden, Jorma Ollila, Michiel Brandjes, Michael Crothers (and other senior people at Shell).
By John Donovan
The news media is waking up to the potential seismic impact on big oil from falling oil prices. Our headline – “Big oil is exposed to falling prices who can survive?” – is taken from an article by John Ficenec published today by the Telegraph, which poses the question:
It mentions a prediction by Goldman Sachs “that the price for Brent Crude, will fall as low as $80 per barrel in the second quarter of next year.”
The article points out that according to analysis from Bloomberg “Of the two oil majors, Shell is slightly more exposed to a fall in the oil price as about 30pc of its future projects requires a price above $95 per barrel, compared to 20pc for BP.”
The environmental group Oceana has obtained a copy of a letter from Shell to the U.S. Dept of the Interior revealing that the oil giant is seeking to pause Shell’s leases for five years. Approval would effectively extend the current drilling deadlines. Shell’s plans to drill off the Alaska coast have already been heavily delayed by a series of avoidable mishaps, initially caused by negligence and incompetence, and subsequently by a desire to evade tax. Royal Dutch Shell Plc (RDSA) is asking the Obama administration for five more years to explore for oil off Alaska’s coast, saying set backs and legal delays may push the start of drilling past the 2017 expiration of some leases.
Shell, which has spent eight years and $6 billion to explore the Arctic’s Beaufort and Chukchi seas, said in letter to the Interior Department that “prudent” exploration before leases expire is now “severely challenged.”
“Despite Shell’s best efforts and demonstrated diligence, circumstances beyond Shell’s control have prevented, and are continuing to prevent, Shell from completing even the first exploration well in either area,” Peter Slaiby, vice president of Shell Alaska, wrote to the regional office of the Bureau of Safety and Environmental Enforcement.
National Union of Ogoni Students’ USA
3747 W. 138TH Street, Crestwood Illinois 60445, Tel. 1-(888) 610-5590, email – nuos.intl@gmail.com
Press Release
10/25/2014
CAVERT EMPTOR: Divestment of Shell Oil Blocks: Oil Mining License 11 not for sale
We, the Ogoni students in Diaspora under the National Union of Ogoni Students’ (NUOS INTL), USA on behalf of the Ogoni people, distance ourselves from the ongoing Shell Oil Company’s secret divestment and sale of assets in oil and gas in Nigeria. These secret sales should not extend to Oil Mining License (OML) 11 in Ogoni its enclave.
MOSCOW, October 9 (RIA Novosti) – Oil and gas giant Shell and its New Zealand partner firm Todd Energy were accused of unlawful offshore drilling in New Zealand, but managed to evade court prosecution and only received a warning letter, New Zealand News UK reports.
According to the Environmental Protection Authority (EPA), Shell Todd Oil Services (STOS) violated the law while carrying out drilling in the Maui oil and gas field without prior approval. Maui is the largest and the most important of New Zealand’s gas and oil fields. To legally carry out drilling activities in the area, companies need to apply for a special resolution or marine permission from the EPA, according to new regulations.
THE HAGUE, The Netherlands, October 22, 2014 /PRNewswire via COMTEX/ — THE HAGUE, The Netherlands, October 22, 2014 /PRNewswire
Shell today announced a frontier exploration discovery offshore Gabon, West Africa.
Leopard-1 is located around 145 kilometres off the Gabonese coast, west of Gamba. It was drilled in water 2,110 metres deep to a total vertical depth of 5,063 metres. Shell and partners are planning to undertake an appraisal programme to further determine the resource volumes.
UPDATED FRIDAY 24 OCTOBER 2014 – SEE BLUE TEXT BELOWORIGINAL ARTICLE PUBLISHED 22 OCTOBER 2014
By John Donovan
There is evidence, some of it covertly obtained, that Royal Dutch Shell Plc may be the victim of a sustained blackmail operation.
Shell has not called in the police to investigate. Why not? Because certain information held by the party making repeated money demands to Shell, including directly to Ben van Beurden and other senior Shell executives, is true and if the current cover-up unravels, will result in a scandal of epic proportion involving Shell and a host government.
The comment refuted media reports that Shell senior executives had showed signs of wanting to cut the company’s expenditures on the project many times…China National Petroleum Corp (CNPC) said it was not informed that its Dutch partner would downsize the investment on their jointly explored shale gas project in Southwest China’s Sichuan Province, Shanghai-based newspaper China Business News reported on Monday.
An unnamed CNPC representative was quoted by the report as saying that the cooperation between CNPC and Royal Dutch Shell Plc remains the same. The two signed a shale gas production sharing contract in Sichuan in 2012.
The comment refuted media reports that Shell senior executives had showed signs of wanting to cut the company’s expenditures on the project many times due to the exploration difficulties as a result of complicated geological conditions and dense population.
The trial of Chidi Adabanya, a former employee of Shell Petroleum Development Company (SPDC), who, along with some officials of the Bayelsa State Government, allegedly obtained the sum of N1.9 billion from the oil company through a phony consultancy contract for development permit in the Gbanran- Ubie project, has resumed before Justice Adeniyi Ademola of the Federal High Court, Abuja.
By John Donovan
According to a report published by The Wall Street Journal, Shell has signed agreements to sell off all of the Nigerian oil assets it put on sale in 2013. Shell has now made sale and purchase agreements for four Nigerian oil blocks.
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.
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