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October, 2013:

Shell CEO says shale gas to take longer to develop than expected

Screen Shot 2013-05-03 at 08.17.32Royal Dutch Shell CEO Peter Voser said it will take a longer time than expected for the company to reap benefits from its shale gas projects due to poor short-term results. Weak U.S. shale liquids production contributed to a $2.2 billion charge Shell revealed in August and was a key factor in its decision to abandon its goal to deliver 4 million barrels a day of production by 2017. Voser was also sceptical about the success of shale development elsewhere.

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DAEGU, South Korea | Tue Oct 15, 2013 1:42am EDT

Oct 15 (Reuters) – Royal Dutch Shell CEO Peter Voser said it will take a longer time than expected for the company to reap benefits from its shale gas projects due to poor short-term results.

Weak U.S. shale liquids production contributed to a $2.2 billion charge Shell revealed in August and was a key factor in its decision to abandon its goal to deliver 4 million barrels a day of production by 2017.

“We didn’t get the results which we were expecting to get in the shorter term and we will therefore have to develop this a little bit more before we can take benefits from it,” Voser told reporters on the sidelines of the World Energy Congress. read more

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Shell CEO says $100/barrel is ‘good value’ for oil

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By Eric Yep: 15 October 2013

Oil prices are likely to rise in the long-term as production costs escalate and a “good value” for oil is at around $100 a barrel, Peter Voser, Chief Executive of Royal Dutch Shell PLC (RDSB.LN), said Tuesday at an industry conference.

FULL ARTICLE

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Shell images file

Shell Memorabilia

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Norway orders review of $790 bln wealth fund

Screen Shot 2013-10-14 at 17.05.50 Reuters  |  OSLO  Last Updated at 19:54 IST

By Balazs Koranyi

OSLO (Reuters) – has ordered a review of its $790 billion wealth fund, one of the world’s biggest investors whose largesse helps underpin Norway’s generous social benefits, responding to concerns that the fund is unwieldy and its returns too low.

The government also in a regular review of the fund’s investment ethics ordered it to sell stakes in several companies due to ethical issues and expressed concern over investments in oil companies Royal Dutch Shell and Eni . read more

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SHELL TO SEA TENDER FOR IRISH OIL & GAS REVIEW

Screen Shot 2013-06-13 at 18.18.02Shell to Sea also gave an undertaking in the tender that it would “not be bribed, swayed or unduly influenced by the oil and gas giants”

News release – Issued by Shell to Sea
Monday 14th October 2013

SHELL TO SEA TENDER FOR OIL & GAS REVIEW

Shell to Sea have today submitted a tender application to the Department of Energy in response to Minister Pat Rabbitte’s call for expert advice to review the generous oil and gas terms that are currently on offer to oil & gas companies.[1]

The Shell to Sea tender undertakes to “initiate the most thorough, far-reaching inquiry yet into the fiscal regime governing resource extraction in Ireland, taking all voices into consideration and evaluating all available data”.  Shell to Sea stated that it would build on the work that had been published in its in-depth 44 page report entitled Liquid Assets, in which the 69 publically known prospects and discoveries were analysed. This report showed that energy companies estimate the potential fields could contain 21 billion barrels of oil equivalent. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Norway’s $790 bln fund to exclude 5 from investment list

The government has also asked the fund to include oil spills and environmental conditions in the Niger Delta as a consideration, but it did not put Royal Dutch Shell and Eni on observation, despite the recommendation of its Ethics Council.

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Oct 14 (Reuters) – Norway’s government has barred its $790 billion oil fund from investing in five companies due to ethical issues and placed another two on observation for environmental issues, the finance ministry said on Monday.

The fund, one of the world’s largest investors, will not be allowed to invest in WTK Holdings Berhad, Ta Ann Holdings Berhad, Zijin Mining Group, Volcan Compania Minera and Zuari Agro Chemicals Ltd .

The government has also asked the fund to include oil spills and environmental conditions in the Niger Delta as a consideration, but it did not put Royal Dutch Shell and Eni on observation, despite the recommendation of its Ethics Council. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Yes, Putin’s a brute, but it’s Greenpeace who are the biggest menace to our future

Of course, Greenpeace would never stoop to blackening the name of its opponents, would it? Or exaggerating? Or even making things up — all in the noble cause of ‘saving the planet’?

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By Dominic Lawson: PUBLISHED: 23:01, 13 October 2013

Greenpeace, the world’s biggest and most battle-hardened environmental campaigning organisation, is in a state of shock.

Last week, Russian investigators said that they had found ‘narcotic substances’ on board Arctic Sunrise, the Greenpeace vessel they seized after its crew had used it in an attempt to storm an oil rig of the state-controlled firm Gazprom. They added that the drugs included poppy straw, an ingredient for opiates. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell’s spill-response training in remote Alaska villages a first step for new company

Screen Shot 2013-01-11 at 20.09.51Federal regulators allowed the company to start drilling in two locations, but made it stop short of going deep enough to reach oil or gas, because all the spill-prevention equipment the company had promised wasn’t yet on site. But after the floating drill rig Kulluk snapped free of its tow and grounded in a New Year’s Eve storm in the Gulf of Alaska enroute to Seattle, Shell put Arctic drilling on hold for the summer season of 2013. With its drill rigs sent to Asia for repairs, Shell hasn’t said if, or when, it’s coming back to finish the job. Shell has already spent more than $5 billion on its endeavor.

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Alex DeMarban: October 12, 2013

An impoverished group of Northwest Alaska villages whose residents hunt walrus and seals to survive have banded together to form a corporation to capitalize on an economic boom on the U.S. side of the Arctic, should that day ever come.Most importantly, the fledgling Bering Sea Alliance wants villagers involved in whatever development occurs so it’s done responsibly. That includes being trained to respond to a spill, an increasing possibility with growing numbers of freighters steaming through the 50-mile-wide Bering Strait [3], gateway to the Arctic Ocean that the seven villages call home.”We wanted to leave nothing to chance as it related to the resources our villages depend on,” said Art Ivanoff of Unalakleet, the company’s chief executive and its only employee at the moment. “It’s marine life that sustains our villages and we’re trying to find a way to have the tools in the toolbox to respond to an incident if one were to occur.”

Hazardous materials workshop

The alliance has been pushing aggressively to let oil companies as well as state and federal agencies know it’s available to provide such things as emergency response services or manpower for a cleanup, he said.The group’s efforts will bear their first fruit early next week. Royal Dutch Shell agreed to sponsor a hazardous materials training workshop in Wales for 12 to 24 residents living in that village at the tip of the Bering Strait [4], said Ivanoff.The Netherlands-based oil giant is also interested in providing the training in the six other villages that, along with Wales, launched the alliance in August, Ivanoff said.Shell’s decision to pay for the three-day training could be a hopeful sign for Alaskans worried that the company will abandon the exploratory drilling they started in summer 2012, when Shell became the first company in two decades to punch into the U.S. Arctic Ocean seafloor.Federal regulators allowed the company to start drilling in two locations, but made it stop short of going deep enough to reach oil or gas, because all the spill-prevention equipment the company had promised wasn’t yet on site.But after the floating drill rig Kulluk snapped free of its tow and grounded in a New Year’s Eve storm in the Gulf of Alaska enroute to Seattle [5], Shell put Arctic drilling on hold for the summer season of 2013. With its drill rigs sent to Asia for repairs, Shell hasn’t said if, or when, it’s coming back to finish the job. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Is Shell’s Shocking Revelation Good News for Tesla?

Cats and dogs. Oil and water. Name any cliche about polar opposites and they have probably been used to compare the oil industry and electric vehicles. So, it seems almost impossible that an oil company would make the claim that electric vehicles will be the predominant transportation fuel, but Royal Dutch Shell (NYSE: RDS-A  ) is making that very claim.

Is Shell contemplating going into a new business? Are they playing some kind of Jedi mind trick on us? read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Does Shell Have a Spending Problem?

Screen Shot 2013-01-11 at 20.09.51Yet despite all this spending, some of Shell’s most capital-intensive projects have failed to pay off. Consider its operations in Nigeria, for instance, which have been beset by oil theft and vandalism that resulted in the loss of some 100,000 barrels of production per day in the second quarter, and its $5 billion oil campaign in Alaska, which has failed to produce any oil so far and was shelved  recently due to regulatory and environmental uncertainties.

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For the world’s largest integrated oil companies, times have been better. Lackluster share-price performance aside, the majors’ second-quarter earnings were quite disappointing across the board. Most found it difficult to grow production, despite shelling out record amounts of money.

The problem has been especially severe for Royal Dutch Shell (NYSE: RDS-A  ) , one of the group’s biggest spenders. Let’s take a closer look at the company’s capital spending program and whether or not it will pay off in the long run. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

US shale is a surprisingly unprofitable miracle

Screen Shot 2013-08-02 at 10.48.21FINANCIAL TIMES

Near outright admissions of error by chief executives, such as Mr Voser’s as quoted in the Financial Times, are far too rare, thanks to the bubbles of sycophancy in which most of them live.

Mr Voser commendably took responsibility in August for a $2.1bn writedown on the value of the company’s US shale assets…

SOURCE FT ARTICLE: By John Dizard: October 11, 2013 7:48 pm

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Conclusion of Irish Police Investigation into OSSL allegations

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Screen Shot 2013-08-28 at 00.03.05By John Donovan: Friday 11 Oct 2012

OSSL says that Garda Superintendent Thomas Murphy confirmed to them earlier today that he has completed his investigation of their allegations and that his findings are being referred to the Garda Síochána Ombudsman Commission.

There is some related speculation, based on claimed information from a Corrib gas project insider source, that Supt Murphy has found evidence that OSSL allegations are factually based and will be passing this on to the GSOC. read more

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PRICE MANIPULATION ARTICLES

Abengoa is the latest name to emerge in the probe that started in May with raids on the offices of energy news and price publisher Platts, Statoil ASA, BP Plc, Royal Dutch Shell Plc and Argos Energies to gather evidence of possible collusion in oil and biofuel pricing.

Abengoa Bioethanol Arm Raided in EU Manipulation Probe

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Abengoa SA (ABG), owner of continental Europe’s biggest bioethanol plant, said that it’s being investigated as part of the European Union’s antitrust probe into possible manipulation of oil and biofuel prices.

The company and its Rotterdam-based Abengoa Bioenergy Trading Europe unit were inspected over possible collusion to manipulate the Platts market-on-close process and exclude companies from the way prices are assessed, Abengoa said in a U.S. regulatory filing dated Oct. 4. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Tesoro oil spill: over 20,000 barrels seep into North Dakota wheat field

*At least they don’t blame oil thieves…if it can happen here, it can happen in Nigeria too…

Officials say the seven-acre spill, allegedly from a quarter-inch hole in the pipeline, has not contaminated any water sources

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  • theguardian.com,

More than 20,000 barrels of crude oil have spewed out of a Tesoro oil pipeline in a wheat field in northwestern North Dakota, the state health department said Thursday.

State environmental geologist Kris Roberts said the 20,600-barrel spill, among the largest recorded in the state, was discovered on 29 September by a farmer harvesting wheat about nine miles south of Tioga.

“The farmer was harvesting his wheat and started smelling oil,” Roberts said. “It went from there.” read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Grand theft delta hits Nigeria oil output

FINANCIAL TIMES

By Ajay Makan: October 10, 2013 10:46 pm

Nigeria’s oil resources may remain among the most attractive in the world but anyone interested in developing them must be prepared to lose a large portion to thieves and a chunk to the government, if parliament can ever agree on how much it is due.

FULL FT ARTICLE

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Free 20% state stake in South Africa oil and gas projects

*IRISH CITIZENS BEING RIPPED OFF BY SHELL, PLEASE NOTE!

All new oil and gas projects in South Africa will have to cede a 20 per cent free stake to the state under new legislation approved by government… In addition, the state can increase its shareholding in such exploitation projects up to 50 per cent…

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State can increase shareholding up to 50 per cent

Bill Corcoran: Fri, Oct 11, 2013, 01:00

All new oil and gas projects in South Africa will have to cede a 20 per cent free stake to the state under new legislation approved by government, mineral resources minister Susan Shabangu said yesterday.

In addition, the state can increase its shareholding in such exploitation projects up to 50 per cent, although the subsequent 30 per cent must be acquired at market-related prices, news agencies quoted Ms Shabangu as saying at a briefing in Pretoria following a cabinet meeting. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Will Chevron’s Third Quarter Disappoint The Market?

EXTRACTS

The past few months have been rough for the oil super-majors, including industry titans Chevron , ExxonMobil , and Royal Dutch Shell. A combination of factors, including weak refining results and restrained production growth, lead many analysts to believe the current quarter will be just as rough as the second quarter.

Despite their reputations as best-in-breed oil stocks, should investors now view the industry negatively and avoid the sector as a result?

Royal Dutch Shell’s second quarter results were adversely affected by a massive charge related to its shale oil fields in North America. These losses more than likely stem from the fact that Royal Dutch Shell arrived late to the U.S. shale party which is evident in its recent decision to shed its Eagle Ford assets. Furthermore, Shell also scrapped its long-term production targets, and all told, its second-quarter net profit fell 57%. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Eight Shell to Sea protesters due in court

Screen Shot 2013-10-03 at 17.45.10We no longer believe we can have equality before the law until such time as an independent, international panel/commission has investigated the policing of the Shell/Corrib project with specific reference to policies, practices, procedures, bribery, corruption and collusion.

Eight Shell to Sea protesters due in court over public order offences

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Spokespeople Maura Harrington and Terence Conway, who said the “real criminals” were Shell and numerous gardaí, are among those due to appear.

11/09/13

EIGHT SHELL TO Sea campaigners are due to appear in Belmullet District Court today, charged in relation to a number of offences during protests against the Corrib Gas Project.

Both Shell to Sea spokespeople Maura Harrington and Terence Conway are among those due to appear in court, as well as Pobail Chill Chomain spokesperson John Monaghan.

Gerry Bourke, the farmer who has provided the field for the Rossport Solidarity Camp for the last two years, is also one of the eight.

The protesters are due in court over a range of public order offences with a number of them also charged with criminal damage. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Lawrence of Alaska joins Stone Energy Corp

By John Donovan

On 21 March 2013 we broke the news that David Lawrence, the Royal Dutch Shell executive most directly responsible for Shell’s infamous “screw up” in Alaska had been fired.

This was possibly in an attempt to save his incompetent bosses, Marvin Odum and Peter Voser, from the same fate.

Voser later took early retirement.

It has been announced today that Lawrence has joined Stone Energy Corporation.

Stone Energy Corporation Announces the Appointment of a New Director read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell unethical, incompetent and greedy

Screen Shot 2013-01-25 at 01.00.51In 1996, I received an unsolicited letter of apology from Dr Chris Fay, the Chairman & Chief Executive of Shell U.K. Limited for the way we had been treated by Shell. It is printed below. This came at the climax of 3 high court actions we brought against Shell for breach of confidence and breach of contract, all settled in our favour. He was not amused by our whole page announcements in trade magazines of surveys about Shell involving over 1,000 Shell retailers in the UK.

By John Donovan

In 1996, I received an unsolicited letter of apology from Dr Chris Fay, the Chairman & Chief Executive of Shell U.K. Limited for the way we had been treated by Shell. It is printed below. This came at the climax of 3 high court actions we brought against Shell for breach of confidence and breach of contract, all settled in our favour. 

Some time previously I had a nearly 2 hour meeting with Dr Fay at Shell Mex-House – just the two of us, served tea by his butler. He was not amused by our whole page announcements in trade magazines of surveys about Shell involving over 1,000 Shell retailers in the UK. I was a co-founder of the Shell Corporate Conscience Pressure Group, which commissioned the surveys.
read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

News items of interest to Shell

In view of its past horrendous track record of dealing with a whistleblower (buried alive in multiple defamation actions, multiple injunctions, threat of imprisonment etc) and the fact that Shell was a pioneer in evil, sinister blacklisting activities, Shell is likely to be interested in these current news stories…

1.  WHISTLEBLOWER BOUNTIES:

The Financial Times carries the story that the Home Office in the UK is considering a US-style system in which corporate whistleblowers are paid a proportion of the penalties paid by companies. The suggestion was apparently buried deep in the policy document announcing the launch of the new National Crime Agency earlier this week.

1.  BUILDING BLACKLIST:

The construction firms – Balfour Beatty, Carillion, Costain, Kier, Laing O’Rourke, Sir Robert McAlpine, Skanska UK and Vinci – have apologised for their involvement with the company that held the blacklist, The Consulting Association. But they have not admitted liability. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell shuts Nigeria pipeline again, 150,000 bpd deferred

 Screen Shot 2012-12-10 at 18.46.44Shell Nigeria said on Wednesday it had shut down its Trans Niger Pipeline (TNP) owing to reports of leaks… The latest leaks were reported at B-Dere, Nonwa-Tai, and Bodo West, all in Ogoniland. Shell blames oil thieves for almost all leakages, although environmental campaigners say a failure to replace its decrepit 50-year-old equipment are as much to blame as sabotage.

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LAGOS | Wed Oct 9, 2013 3:36pm EDT

(Reuters) – Shell Nigeria (RDSa.L) said on Wednesday it had shut down its Trans Niger Pipeline (TNP) owing to reports of leaks, deferring 150,000 barrels per day (bpd) of crude oil just 10 days after the pipeline was re-opened.

“(Shell Nigeria) shut the line as a precautionary measure … and has also mobilised a spill response team,” Shell Nigeria spokesman Precious Okolobo said in an email to Reuters.

He added the cause of the leak was under investigation. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell consortium to sell four oil blocks in Nigeria

FINANCIAL TIMES

By Ajay Makan in London: October 9, 2013 3:13 pm

A Royal Dutch Shell-led consortium has put up for sale a string of oil blocks in Nigeria, as international companies accelerate a retreat from sub-Saharan Africa’s oldest oil industry amid surging theft of crude and political uncertainty.

FULL ARTICLE

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Speculation on hostile bids for Royal Dutch Shell?

Posting by “Outsider” on our Shell Blog Wed, 9 Oct 2013. 10.08 am

It is common knowledge that BP, Exxon and Total (and possibly others) planned hostile bids for Shell after the reserves fiasco. Shell’s current under-performance in comparison with the market, together with huge write-offs on unconventionals and the Arctic suggest that some of these plans may be under consideration once again, perhaps with Chevron added to the list of potential bidders. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

US lawsuit against oil majors on price fixing gains momentum

Screen Shot 2013-05-17 at 01.06.41A US judicial panel is expected to make a decision in a matter of days on where the consolidated lawsuits by US trading firms against oil giants BP, Shell and Statoil will be heard… The lawsuits followed the European Commission’s investigation into the oil majors for alleged price manipulation back in May. BP, Shell and Platts declined to comment.

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by Suzie Neuwirth: October 9, 2013, 2:28am

A US judicial panel is expected to make a decision in a matter of days on where the consolidated lawsuits by US trading firms against oil giants BP, Shell and Statoil will be heard, City A.M. understands.

Around ten plaintiffs, including Chicago-based commodity trading house Prime International Trading, individually sued the oil majors earlier in the year for alleged manipulation of oil prices by relaying false information to price reporting agency Platts, dating back to the year 2000 until the present. read more

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Oil & Money shows industry between a rock and a hard place

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Contributed by: DeoBhagan: Wednesday, October 09 2013 @ 12:00 AM AST

On October 4, Morgan Stanley Research Europe reported as follows:

This week we attended the Oil & Money conference in London, where a large number of company CEOs, energy ministers and industry experts presented. Below we focus on two presentations given by Shell CEO Peter Voser and Total CEO Christophe de Margerie. Combined, they highlight the ‘stress’ within the current energy system: capex must go up to meet future energy demand, but capex cannot go up because the industry already invests nearly all its cash flow and returns have become unattractive. read more

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A ‘frack’ in the bridge from coal to gas

With the hype surrounding the US gas-boom, it’s something of a worrying and cautionary note to read in the Financial Times outgoing Shell CEO Peter Voser quoted as saying his “huge bet on US shale was a big regret of his time as chief executive of the company”. This is something of a mea culpa for the fossil fuel heavyweight. Just over 12 months ago Voser was championing the “natural gas revolution”

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By on 9 October 2013

With the hype surrounding the US gas-boom, it’s something of a worrying and cautionary note to read in the Financial Times outgoing Shell CEO Peter Voser quoted as saying his “huge bet on US shale was a big regret of his time as chief executive of the company”.

With a purported $24 billion invested in so-called unconventional oil and gas in North America, the FT reports Shell has recently taken a “$2.1 billion impairment against its assets” with Voser quoted as saying “Unconventionals did not exactly play out as planned”. read more

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The 1 Threat That Could Kill a Major Oil Company

The first company which will have a leak of oil [in the Arctic]… a drop, is a dead company.

— Christophe de Margerie, Total CEO 

At a recent event at the Council on Foreign Relations, Total‘s CEO did not mince words about the risks of drilling for oil in the Arctic: It’s risky, and the chances of an oil spill in the region is simply too great for Total to justify investing in oil exploration there. While there are differing opinions across the oil space regarding if and how we should explore drilling in the Arctic, de Margerie’s statements raise a very poignant question for oil and gas investors: How much are our energy investments at risk of a “giant killer”-type accident? Let’s take a look at the risks involved in Arctic drilling and who is involved in the Arctic. read more

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3 Threats to Royal Dutch Shell’s Success

Investors in Royal Dutch Shell are more than likely starting to get a little frustrated with the company’s poor performance. Shell has a lot of work to do in order to turn the ship around, but there are few obstacles in its way that could make it even more difficult.

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by Tyler Crowe, The Motley Fool Oct 8th 2013 10:33AM

Investors in Royal Dutch Shell are more than likely starting to get a little frustrated with the company’s poor performance. Over the past three years, Shell has had a total return of only 17.5% while the S&P 500 has produced a total return of over 55% during that time frame. To make matters worse, the company has decided to scrap its production targets because it would not be able to make a decent enough return on those targets.

Shell has a lot of work to do in order to turn the ship around, but there are few obstacles in its way that could make it even more difficult. Let’s take a look at three of those threats that could further impact the woes of Shell. read more

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Shell-led consortium boosts production at Iraq’s prized Majnoon oil field

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By Associated Press, Published: October 6

BAGHDAD — An Iraqi official says a consortium led by Royal Dutch Shell has boosted production at a prized oil field in the country’s south to 175,000 barrels a day, speaking at a ceremony formally inaugurating commercial production.The head of the state-run South Oil Company, Dhia Jaafar, said Sunday that Shell and its partner, Malaysia’s state-run Petronas, plan to increase production from the nearly 12.5 billion-barrel Majnoon field to more than 200,000 barrels per day in early 2014.

It is located in Basra province, about 550 kilometers (340 miles) southeast of Baghdad.

The deal was awarded in Dec. 2009 with a pledge to reach 1.8 million barrels per day over 10 years. Then, production rated about 45,000 barrels per day. The consortium had to rehabilitate existing infrastructure and add new facilities.

Copyright 2013 The Associated Press. All rights reserved.

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US shale gas project ‘biggest regret’ for outgoing Shell boss

Screen Shot 2012-07-27 at 12.35.42Outgoing Shell chief executive Peter Voser says in an interview with the Financial Times his biggest regret during his time at the company is the failure of the company’s huge bet on US shale gas. Voser also described the technical setbacks Shell has suffered in its exploration campaign off the coast of Alaska as one of his greatest disappointments in the job. Voser said he did not know if Shell would go back into Alaska in 2014 or 2015.

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Monday 07 October 2013

Outgoing Shell chief executive Peter Voser says in an interview with the Financial Times his biggest regret during his time at the company is the failure of the company’s huge bet on US shale gas.

The FT says Shell has invested at least $24bn in so-called unconventional oil and gas in North America. But the investment has yet to pay off and in August Shell said it would carry out a ‘strategic review’ of its US shale activities.

‘Unconventionals did not exactly play out as planned,’ Voser is quoted as saying. read more

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Vosers big disappointment

 Screen Shot 2013-01-11 at 20.09.51Shell’s drill ship, Kulluk, was set to begin operation this spring. But the vessel ended up running aground on New Year’s Eve, and the company was subsequently fined $US1.1 million for damages incurred. “That was a big disappointment to me personally,” Voser said. The incident forced Shell to delay its drilling plans, and Mr Voser said the company still didn’t know “if we’ll go back [into Alaskan waters] in 2014 or 2015.”

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Shell’s outgoing chief executive, Peter Voser, says any talk of other countries witnessing a U.S.-style fuel production boom has been “hyped.”

In an interview with the FT’s Guy Chazan, Voser also said the company’s Arctic drilling plans have been derailed and may not be back up and running until 2015.

On other countries’ unconventional oil and gas production potential, Voser said China in particular could end up disappointed: read more

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Financial Times Assessment of Peter Voser

Screen Shot 2013-06-30 at 08.30.42…doubts about the performance of Shell have become more evident recently after Shell announced a 20% drop in second-quarter profits, plus losses and write downs in North America and disillusion with Shell’s big spending plans. Voser admits that Shell’s Upstream Americas business was in the red and that exploration results in US shales are disappointing. Shell’s huge bet on US shale is his biggest regret.  Voser further admits that Shell is yet to complete a single well in its Alaska drilling fiasco (despite already spending $5 billion on the ill-fated Arctic project). “That was a big disappointment to me personally,” he said.

By John Donovan: Sunday October 6, 2013

The Financial Times has published two articles today about Peter Voser, the departing Chief Executive Officer of Royal Dutch Shell Plc.

The first article claims that his vision has left Shell in “rude health” following Vosers supposed transformation of the oil giant following the hydrocarbon reserves fraud. The scandal was disclosed to shocked shareholders and the news media in January 2004. Jeroen van der Veer, who actually led the company during the years immediately after the scandal, might feel entitled to some credit. read more

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Government and Shell ‘too cosy’

…a Freedom of Information request… showed two Foreign Office employees were working for Shell. The staff, acting as government relations advisers, have been formally seconded to the oil giant for periods of between one and two years since May 2010, with their salaries paid by Shell.

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Government and oil companies ‘too cosy’

Sun 6 Oct 2013

Environmentalists have accused the Government of being too close to oil firms, following a Freedom of Information request that showed two Foreign Office employees were working for Shell.

The staff, acting as government relations advisers, have been formally seconded to the oil giant for periods of between one and two years since May 2010, with their salaries paid by Shell.

Shell said the arrangement built “trust and understanding” between Government and businesses.

SOURCE read more

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Email to Supt Murphy regarding Shell Police Corruption allegations

…a complete file of the Shell internal investigation is held by Shell E&P Ireland and thus subject to Irish jurisdiction. Under the circumstances your investigation will not be perceived as thorough and complete unless this entire highly relevant evidence, vital to your inquiries, is seen and taken into account by you.

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From: John Donovan <[email protected]>
Subject: OSSL ALLEGATIONS
Date: 4 October 2013 10:35:10 GMT+01:00
To: Thomas Murphy <[email protected]>
Cc: THE OSSL COMPANY <[email protected]>, [email protected], [email protected]

Dear Supt Murphy

Assuming your investigation is still in progress, I have a suggestion to make.

Shell has frequently referred to an internal investigation by Shell that found no evidence to support the allegations made by OSSL.

For some reason, despite all requests made by the news media, including Ed Vulliamy of The Observer/Guardian Group, Shell has declined to let anyone outside Shell view the information gathered together for their internal investigation. read more

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U.S. Is Overtaking Russia as Largest Oil-and-Gas Producer

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By RUSSELL GOLD and DANIEL GILBERT : 02 Oct 2013

The U.S. is overtaking Russia as the world’s largest producer of oil and natural gas, a startling shift that is reshaping markets and eroding the clout of traditional energy-rich nations.

U.S. energy output has been surging in recent years, a comeback fueled by shale-rock formations of oil and natural gas that was unimaginable a decade ago…

FULL ARTICLE

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Alaska Hunts Oil as Arctic Damage Shows Most Change From Climate

Screen Shot 2013-01-11 at 20.09.51Robert Blaauw, Royal Dutch Shell Plc’s senior Arctic adviser, says his company is interested in the Arctic not for today but for 2050 — when power use will have doubled and two-thirds of energy will still come from fossil fuels.

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By John Lippert – Oct 2, 2013 10:47 PM GMT+0100

Extracts from extensive Bloomberg Markets Magazine Article

The Arctic has heated up twice as fast as the rest of the planet in the past three decades. By August 2013, sea ice had lost 76 percent of its volume compared to 1979, according to the University of Washington’s Polar Ice Center. Citing core samples taken from ice sheets, the Intergovernmental Panel on Climate Change, a United Nations group, reported on Sept. 27 that the three main gases blamed for global warming –carbon dioxide, methane and nitrous oxide — are at their highest level in at least 800,000 years. read more

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Russia Takes On Greenpeace — and Stakes Its Claim to the Arctic

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Greenpeace could not have chosen a worse time to set sail for the Russian Arctic. On Sept. 15, as the eco-activists were making their way into the Barents Sea, Russia’s main news networks were trumpeting the return of the Russian military to the northern frontier. Admiral Vladimir Korolyov, commander of the Northern Fleet, was shown on state-run television raising the Russian tricolor over a permanent military base in the Arctic, the first one Russia has opened since the fall of the Soviet Union. “We shall consider these flags to be raised here forever,” the admiral said. “This is our territory, and we shall defend it.” Three days later, Greenpeace arrived, intending to stage a protest against Arctic oil drilling. Instead they stumbled into Russia’s show of force. read more

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Shell’s planned $12.5 billion gas-to-liquids plant revives traumatic memories

Donna Caillet

Donna Caillet

The news that Shell Oil Co. is considering building a $12.5 billion gas-to-liquids facility in Ascension Parish has brought back traumatic memories from long ago to my family about a deadly explosion at a Shell plant that shattered our lives. …not only was my father dead, apparently blown to pieces, but was also the person blamed for the explosion and the appalling consequences. We were shocked when we found out years later that the information given to us by Shell about the accident was false, and that my father had nothing to do with the explosion. In the meantime, Shell had destroyed the evidence.

By Donna Caillet

The news that Shell Oil Co. is considering building a $12.5 billion gas-to-liquids facility in Ascension Parish has brought back traumatic memories from long ago to my family about a deadly explosion at a Shell plant that shattered our lives.

Leroy Joseph Caillet

The area is across the Mississippi River from where my father, a WW2 Veteran, was working for Shell Oil at Bayou Sorrell Field in 1956. It was Dec. 21st and the last hour of work before the Christmas holidays. I was 10  and my two brothers were young teenagers. The night before was Thursday and the stores in large cities stayed open late on that night. My father and mother had taken us Christmas shopping and we parked our car at the levee and rode the ferry across the Mississippi River to downtown Baton Rouge, like most people did back then. My father took my brothers to a sporting goods store to buy them a shotgun for Christmas and I was given $20.00 to buy what I wanted. My mother took me and I bought a doll with no clothes and then headed to the third floor of JC Penneys where they sold fabric. I bought stacks and stacks of every color satin and tulle for my mother to make fancy dresses for my doll. There were piles of tickets and each half yard cost 17cents.We then met up and headed back to the ferry and the 25 mile trip home. As soon as we got back, I lined up my piles of goodies on my bed and called through the bathroom door for my father to come and see what I had bought. His job was about 12 miles each way and then after work the shopping trip was 50 miles round trip so I guess it was pretty late by then. His last words to me through the bathroom door was “Baby, daddy’s tired, I’ll see it as soon as I come home from work tomorrow.” I picked out the yellow fabric so my mother could have a fancy  dress made for the doll sitting on my bed when he got home. Not only was he a full time certified welder for Shell, but from 1952 until he died, he had a home upholstery business that he worked at almost every night and weekends. He also played the trombone  in The Merry Makers Orchestra and had played in the High School band as well as on the basketball team. They had just chosen a lot in a new development on which to build a new home. He loved his family, was a good provider and was working exceptionally hard for us to have a comfortable life with security and benefits from a company known to value good work ethics and family life. read more

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Tapping Irans oil and gas vital for world demand, say Shell and Total

Lifting sanctions and opening up Iran’s vast oil and gas resources to global companies will be vital to meeting the world’s future energy needs, according to the chief executives of two of Europe’s top oil companies. Before the tightening of sanctions against Iran a few years ago, Shell and Total were two of the most active companies doing business with the Islamic republic.

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By , Business News Editor: 8:20PM BST 01 Oct 2013

Peter Voser, chief executive of Royal Dutch Shell, and Christophe de Margerie, his counterpart at France’s Total, used the Oil & Money conference in London on Tuesday to highlight the potential energy windfall if sanctions preventing international oil companies from dealing with Tehran were lifted.

“Longer term, Iran’s oil and gas resources will have to be developed to meet demand,” Mr Voser said.

He was echoed by Mr de Margerie, who said that he hoped doing business with Iran would again be permitted “as soon as possible, not just for Total but for the world and for Iran. Any country cannot stay out of the system.” read more

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Shell Abandons 800 Billion Barrel Deposit, Beaten by the Regions Geology

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Shell Abandons 800 Billion Barrel Deposit, Beaten by the Regions Geology

By Kurt Cobb: Wed, 02 October 2013

EXTRACTS

The belief that technology can always overcome natural limits just took a big hit this week when Royal Dutch Shell PLC decided to shut down its pilot oil shale project in western Colorado after 31 years of experimentation. The ostensible reason is that the company has opportunities elsewhere. Shell says it wants to shift resources away from the intransigent rock and move it to profitable opportunities.

The prize for anyone who profitably unlocks these deposits is huge, an estimated 800 billion barrels of recoverable resources. So why isn’t oil shale yielding to the mighty combination of deep pockets, sophisticated technology and high prices?A clue comes from one sentence in coverage in The Denver Post… read more

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Shell building a $12.5 billion gas-to-liquids facility on Gulf Coast?

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Shell could build plant in Ascension: 750 new jobs are projected

BY TED GRIGGS and TIMOTHY BOONE: September 30, 2013

Shell is considering building a $12.5 billion gas-to-liquids facility in Ascension Parish that would create 740 new direct jobs with an expected average salary of $100,000, plus benefits.

Shell is evaluating a site with frontage on La. 70 and La. 44 near Sorrento.

The company said there is no guarantee it will build the facility, and it will be several years before the company makes a final decision.

The project must first go through a multi-tiered, multi-year evaluation process. read more

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Evidence of false and misleading information in Shell Brent Bravo maintenance records

Screen Shot 2013-10-01 at 17.31.45WHISTLEBLOWER INFORMATION SUPPLIED TO CHIEF SUPT. BILLY GORDON OF THE SCOTTISH POLICE BY BILL CAMPBELL, RETIRED HSE GROUP AUDITOR, SHELL INTERNATIONAL. INCLUDES SHELL INTERNAL DOCUMENTATION MARKED “STRICTLY CONFIDENTIAL”.

EXTRACT FROM ONE STRICTLY CONFIDENTIAL SHELL INTERNAL DOCUMENT – circulated to Chris Finlayson and Tom Botts

There was evidence of false and misleading information in maintenance records for safety critical equipment, for example the Brent Bravo ESDV which failed its leak-off test in April 1998 was recorded as ‘NO FAULT FOUND’.

EMAIL FROM BILL CAMPBELL TO SUPT. BILLLY GORDON, SENT 27 SEPT 2013. COPIED TO MICHIEL BRANDJES, COMPANY SECRETARY & GENERAL COUNSEL CORPORATE, ROYAL DUTCH SHELL PLC

From: [email protected]
Subject: Bundle C and D
Date: 27 September 2013 11:29:54 GMT+01:00
To: [email protected]
Cc: [email protected], [email protected]

This covers Emergency Shutdown Valves (ESDV), fire and gas detection systems designed to operate on ESDV in an emergency and unapproved temporary repairs.  This data is not disputed by Shell as being their data. This data supports the articles sent to you a few days ago. read more

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Some very bad news to come from Shell?

Screen Shot 2013-06-30 at 08.30.42FROM A SHELL RELATED SOURCE

John
 
An article published overnight – As Shell sells off even more major shale assets, what could be next? – mentions a figure of $30bn invested by Shell in shale projects.

The write off that Shell announced recently is just $2bn.

How much of the remaining $28bn will shareholders ever see again?

There is probably some very bad news coming…

PREVIOUS POSTING FROM SAME SOURCE: read more

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An Uphill Climb for the Oil Giants

Screen Shot 2013-10-01 at 07.59.11The big international oil companies are going through a crisis little noticed by analysts and the markets. It is a crisis of results and of vision. Simply put, the majors — companies like Exxon Mobil, Royal Dutch Shell and BP — aren’t growing. They have discovered relatively little oil in recent years despite increasing investment.

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By LEONARDO MAUGERI: A version of this news analysis appears in print on October 1, 2013, in The International Herald Tribune.

CAMBRIDGE, Massachusetts — The big international oil companies are going through a crisis little noticed by analysts and the markets. It is a crisis of results and of vision.

Simply put, the majors — companies like Exxon Mobil, Royal Dutch Shell and BP — aren’t growing. They have discovered relatively little oil in recent years despite increasing investment. They also have lost their exclusive lock on the skills that made them indispensable to oil-producing countries. read more

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Shell chief Peter Voser warns of oil crunch without investment

Screen Shot 2013-10-01 at 00.26.05Some analysts have questioned whether a change in management at Shell, with Ben van Beurden due to take over in three months, could see a change in strategy to focus the company on greater returns. JP Morgan asked in a recent investor note: “Does he want to run a lowly-rated, large company or create a smaller, but premium-rated company?” 

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Royal Dutch Shell chief executive Peter Voser is to call on the global energy industry to continue investing heavily in costly new production projects in order to avoid a return to the days of record high oil prices weighing on global growth.

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Demand for energy will double over the next 50 years, Peter Voser will say Photo: Reuters

By , and Andrew Critchlow: 01 October 2013

“Supplying the world’s energy needs will be extremely tough,” Mr Voser will say in Tuesday’s speech, seen in advance by the Daily Telegraph. “Our first priority must be to invest heavily in new supplies, and to maintain it through economic and political turbulence. Failing to do so would be a sure path to another crunch and major price volatility.”

Mr Voser’s comments come amid concern that a pullback in investment by some resource and energy companies following the global financial crisis could result in future shortfalls in supply if economic activity should pick up quicker than was previously expected. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.