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November 25th, 2013:

Shell’s U.S. shale woes are no match for oil bandits in Africa

Shell’s financial losses associated with oil theft and sabotage in Nigeria have emerged as a quarterly theme this year, alongside the company’s struggling North American shale gas investments.

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Joel Kirkland, E&E reporter: EnergyWire: Friday, November 22, 2013

To many, Nigeria’s claim to fame has nothing to do with its role as a major oil producer. It’s better known as the country of origin for an elaborate online fraud that starts with a polite email from a “barrister.”

For oil and gas companies operating in Nigeria, the email scams targeting unsuspecting Americans provide a tiny window into the industry’s daily operational challenges. Billions of dollars in potential revenues have been siphoned off by oil bandits in the southeastern Niger Delta region in recent years. All the while, billions more are spent by international oil companies to expand drilling and their capacity to export Nigeria’s oil and gas. 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.

Deepwater drilling

Shortly after the presentation, the oil majors posted dreadful Q2 results, prompting Shell CEO Peter Voser to declare Shell would discontinue production guidance to focus on quarter by quarter cash flow growth. Goldman Sachs singled out Shell for excessive investment in low return assets…

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Those who saw the ‘Capex Compression’ road show back in the summer will recall that Douglas Westwood expressed concern that oil prices would not rise to cover rising exploration and production costs, and that this would force the operators to cut Capex. Shortly after the presentation, the oil majors posted dreadful Q2 results, prompting Shell CEO Peter Voser to declare Shell would discontinue production guidance to focus on quarter by quarter cash flow growth. Moreover, the investment banks began calling for the oil majors to cut Capex. Goldman Sachs singled out Shell for excessive investment in low return assets, although the investment bank had indicated that deepwater should be spared. 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 Centre redevelopment public inquiry gets under way

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Monday 25 November 2013

A public inquiry into plans to redevelop the Shell Centre on the South Bank has begun.

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The inquiry, which is expected to sit for a total of 12 days between now and mid-December, is being held at Hercules House near Lambeth North Station.

Planning inspector John Braithwaite has been appointed to report to communities secretary Eric Pickles on the proposed redevelopment of the Shell Centre.

Plans by developers Braeburn Estates to demolish most of the oil company’s office complex apart from the main tower and build new offices, shops and nearly 900 homes on the site were approved by Lambeth councillors in May. 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.

Nigeria: The Scandal of Nigerian Oil Block OPL 245

Screen Shot 2013-05-13 at 17.33.04Shell and Eni deny paying any money to Malabu Oil and Gas. However, High Court proceedings and other evidence seen by Global Witness reveal that, in reality, Shell and Eni were aware and in agreement that the deal was for the benefit of Malabu, and had even met with Etete face-to-face on several occasions. In fact, testimony heard during the case indicates that an official from Shell previously negotiated directly with Etete over “iced champagne”…

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25 November 2013

How secrecy in the oil & gas sector and the use of anonymous shell companies led to hundreds of millions of dollars being diverted away from Nigeria’s citizens and into the hands of a convicted money-launderer.

The Story

In May 2012, Global Witness pieced together detailed court documents and other evidence that exposed how Nigerian subsidiaries of Royal Dutch Shell and Italian oil giant Eni agreed to pay US$1.092 billion for one of Nigeria’s most lucrative oil blocks, OPL245. 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.

Royal Dutch Shell plc: Maybe I’m clutching at straws

Screen Shot 2013-01-11 at 20.09.51Yes, there is plenty to hate about Shell right now. It is currently under investigation for rigging petrol prices, and European Commission plans to prevent future commodity market abuse could force up prices. Maybe I’m clutching at straws, but that’s love for you.

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Why I Love Royal Dutch Shell plc

Published in Investing on 25 November 2013

Extracts

There is something to love and hate in almost every stock. I still harbour warm thoughts towards Royal Dutch Shell, although sometimes I wonder why.

Shell has taught me the value of patience.

Patience is a virtue, they say. If that’s so, long-term investors in Shell must be very virtuous indeed. The stock is down 2% over the last two years, against a 28% rise in the FTSE 100. It is up just 3% in the past year, against 16% for the index. Shell is the straggler of my portfolio. Yet I simply refuse to believe this will continue. 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 share price: Will Anglo-Dutch oil major rein in capital spending?

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The underperformance of the share price reflects investors’ dissatisfaction with the fact that “Europe’s biggest oil company is burning through cash at an extraordinary rate.” The appointment of van Beurden, head of Shell’s refining division who started at the company 30 years ago, has left investors unimpressed as they see him as yet another chief executive steeped in a culture of spending big on mammoth engineering projects. 

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by Branimir Kondov, : 11:12 GMT, Nov 25 2013

EXTRACTS

iNVEZZ.com, Monday, November 25: Investors are concerned that Ben van Beurden, the incoming boss at the helm of Royal Dutch Shell (LON:RDSA, LON:RDSB), will not attempt to rein in the company’s massive spending on new projects. According to an article published yesterday by the Sunday Times, there has been no indication so far that van Beurden, who will replace Peter Voser as chief executive on January 1, 2014, is going to to rethink Shell’s plan to spend $130 billion (£80.1 billion) on new developments between 2012 and 2015. 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.