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June, 2016:

Shell CEO Faces Long Haul in Bid to Pass Exxon as Top Oil Major

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By Rakteem Katakey: June 15, 2016

Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden spelled out his main goal last week — surpass Exxon Mobil Corp. to become the best-performing oil major. 

“I am determined to get us to that number one place,” he said after outlining the company’s long-term strategy in London. “I want to create a world class investment case for Shell and our shareholders.” 

There are signs Van Beurden is winning over some investors following his record $54 billion acquisition of BG Group Plc. Shell has closed the gap on Exxon for total shareholder returns, which accounts for share prices, dividend payouts and buybacks, after lagging behind for five years. Still, the Anglo-Dutch explorer trails its U.S. rival on a range of other metrics from return on capital and assets to cash flow. 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 Should Acquire Noble Corporation

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The Value Portfolio: Jun. 15, 2016 2:04 AM ET

Summary

  • Royal Dutch Shell’s capital markets presentation shows the company’s impressive and growing deepwater ambitions.
  • The company is Noble Corporation’s largest customer and represents more than 60% of its backlog.
  • The acquisition of Noble Corporation will bring Royal Dutch Shell returns higher than the present returns it expects to get from deepwater drilling overall.

Introduction

Royal Dutch Shell (NYSE: RDS.A) (NYSE: RDS.B) is an Anglo-Dutch multinational oil & gas company headquartered in the Netherlands and incorporated in the United Kingdom. It is the second-largest publicly traded oil company in the world, with a market cap of just under $200 billion, second only to Exxon Mobil (NYSE: XOM) with a market cap of $378 billion.

Noble Corporation (NYSE: NE) is an offshore drilling contractor also incorporated in London, the United Kingdom. It is the successor of the Noble Drilling Corporation and operates by providing drilling rigs to various oil companies in exchange for contracts. However, since Noble Corporation does not have Royal Dutch Shell’s oil major status, the company has seen its stock price decimated since the start of the oil crash. 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.

As Shell thrives, Aranguren faces questions

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Tuesday, June 14, 2016

Energy giant Shell is already expanding its business in the sector’s marquee Vaca Muerta formation, echoing other private firms who have gained traction in the country’s oil sector following President Mauricio Macri’s arrival in office six months ago.

But each of Shell’s positive announcements in the country come with an almost automatic question mark — addressing the company’s relationship with its previous CEO and current Energy Minister Juan José Aranguren. 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, Chevron Corporation: Niger Delta Avengers Agree to Peace Talks

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By Staff WriterJun 14, 2016

Screen Shot 2016-05-21 at 10.18.28Finally, Royal Dutch Shell plc (ADR) (NYSE:RDS.A), Chevron and other oil and gas companies can heave a sigh of relief as the militant group, Niger Delta Avengers has agreed to consider peace talks with the Nigerian government. The group has said that it does not have new demands, as it just wants foreign oil and gas companies to leave the southern region of the Niger Delta and stop oil pollution.

The group said it wants “genuine attitude” by the government and a “conducive atmosphere” to carry out dialogue. This is definitely good news for the Nigerian economy and international energy companies which have suffered badly in the past few months. The Avengers started to attack oil infrastructure in February, when they blew up Shell’s Forcados terminal and under-water pipeline. 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.

Russia’s Gazprom, Shell to sign deal on Baltic LNG project – Kremlin

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Screen Shot 2016-06-14 at 16.44.45Tue Jun 14, 2016 1:32pm GMT

MOSCOW, June 14 (Reuters) – Russian gas giant Gazprom and oil major Shell will sign a deal on a planned Baltic liquefied natural gas (LNG) project on the sidelines of a forum in St. Petersburg later this week, Kremlin aide Yuri Ushakov told reporters on Tuesday.

He said the deal will be signed in the presence of Russian President Vladimir Putin, who will meet Shell’s Chief Executive Ben van Beurden at the forum.

Gazprom plans to build the plant, which may produce up to 20 million tonnes of LNG per year, by December 2021. 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: Shell Loses 130,000 BPD Over Facility Shutdown

Screen Shot 2016-06-14 at 16.35.33Shell confirmed to Reuters that the pipeline suffered a leak but the company has not commented on the cause.

Also a source close to the matter informed Reuters that the line could be offline for at least a week, shutting down about 130,000 barrels per day of production.

The leak comes just as Shell finished repair work on the Nembe Creek Trunk Line. The Nembe line was shutdown in early May after a leak was discovered.

The TNP transports around 180,000 barrels of crude oil per day to the Bonny Export Terminal and is part of the gas liquids evacuation infrastructure that is critical for domestic power generation and liquefied gas exports. 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.

Much ado about ethane: Why Shell is interested in this gas that goes into many products

Screen Shot 2016-06-14 at 16.25.49By Anya Litvak / Pittsburgh Post-Gazette: June 14, 2016

Ethane, the gas around which Royal Dutch Shell has vowed to build a multibillion-dollar petrochemical mecca in Beaver County, has never been the star of the show.

Since the beginning of Marcellus Shale development a decade ago, ethane has swung between perk and burden. The hydrocarbon is recovered along with methane — the main ingredient of commercial natural gas — and either can be left in the gas stream to boost its energy content or be separated and sold to so-called cracker plants. 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.

Class action filed against Shell alleging day rate workers weren’t paid overtime

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Wadi Reformado Jun. 13, 2016

HOUSTON – A former well site foreman has filed suit against an oil company alleging he was not paid overtime.

James Reynolds filed a complaint on behalf of others similarly situated on May 6 in the Houston Division of the Southern District of Texas against Shell Oil Co. alleging violation of the Fair Labor Standards Act.

According to the complaint, the plaintiff alleges that between May 2011 and July 2015, he worked for more than 40 hours per workweek but was not paid any overtime compensation in violation of the FLSA. 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.

BP plc, Royal Dutch Shell: A Major Shift in Energy Industry on its Way

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By Gas By Staff WriterJun 13, 2016 at 11:34 am EST

As awareness about the hazardous effects of fossil fuels is increasing, and governments and environmentalist groups are encouraging the use of renewable energy sources, it seems as if a major change in global energy sector is on its way. Over the past few years, the global energy arena has witnessed a number of changes, as coal has lost its dominant position in the industry, while consumption of renewable energy sources has increased in power generation. 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 tells oil playboy: hand back our $1,8bn

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Danny Fortson: The Sunday Times: June 5, 2016

A COURT has frozen almost $1.8bn (£1.2bn) in assets owned by a pair of oil tycoons as Nigeria steps up its campaign to recoup tens of billions of dollars funnelled from state coffers under the regime of former president Goodluck Jonathan.

The order, handed down 10 days ago by the High Court in Lagos, offers a glimpse of the extraordinary lifestyle of KolaAluko, 46, and former business partner Jide Omokore. Both rose to fabulous wealth thanks to deals struck with Jonathan’s former oil minister, Diezani Alison-Madueke, who is also being investigated. 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.

Iran confirms oil shipment for Shell

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By Daniel J. Graeber     |   June 13, 2016

TEHRAN, June 13 (UPI) — A shipment of Iranian crude oil was sold to Royal Dutch Shell and talks are developing with other major oil companies, an Iranian official said Monday.

Royal Dutch Shell paid off its debt to its Iranian counterparts early this year, clearing the way for the company to resume its cooperation with Iran now that sanctions pressures are easing.

Shell Chief Executive Officer Ben van Buerden said in early February the company was eager to settle its debt to Iran as soon as legal mechanisms permit. At the time, the CEO said it was still too early to make any firm commitments in Iran. 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.

What the future of the petrol station looks like, from renewable energies to driverless cars

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Lauren Davidson12 JUNE 2016 • 11:44PM

It’s a wonder Istvan Kapitany, executive vice-president of retail at Royal Dutch Shell, gets any work done. The view from his office on the 22nd floor of Shell’s headquarters on the South Bank looks out over some of the most impressive landmarks in the capital, including the London Eye and the Palace of Westminster.

Though not at the top level just yet – the Shell Centre has 26 floors – Kapitany has certainly climbed his way through the ranks since joining Shell in 1987 as a petrol station manager in Hungary, his home country. 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.

Iran ousts director of state-run oil company

Screen Shot 2016-06-13 at 08.51.56By Benoit Faucon: Published: June 12, 2016 4:21 p.m. ET

Iran on Sunday replaced the head of its state-oil company, in a push to attract foreign companies.

Screen Shot 2016-05-21 at 10.18.28Iran has been quicker in resuming sales of its oil to companies in the European Union, after a three-year ban. Royal Dutch Shell recently loaded one Iranian crude oil shipment as a spot cargo, NIOC’s marketing chief Mohsen Ghamsari said in remarks posted on the company’s website. Shell last week declined to comment on market talk about the cargo, which would be the first for Shell from Iran since the lifting of the embargo. 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, Total look to expand terminals and power plants in new markets

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Written by Reporter – 13/06/2016 6:00 am

Oil majors Shell and Total are said to be considering building terminals and power plants in new markets.

The move comes after companies have invested billions in plants to help produce liquefied natural gas (LNG) in place such as the US and Australia.

Laurent Vivier, president for the gas division of Total, said the company was ready to go downstream “as much as it takes” to unlock gas demand.

He said: “We need to be present in downstream ourselves, to create demand and unlock bottlenecks along the chain including regasification, pipeline and power plants.” 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.

Coming wave of gas puts focus on finding new shores

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Screen Shot 2016-06-06 at 10.26.15LONDON | BY RON BOUSSO AND OLEG VUKMANOVIC: Sun Jun 12, 2016

Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the industry’s rapidly burgeoning supply.

Companies have invested billions in plants to produce liquefied natural gas (LNG) in places such as Australia and the United States.

But gas demand growth is slowing, prices are down and the LNG volumes companies are set to produce will exceed those even major buyers such as China and Japan can absorb.

That has turned attention to the downstream market and opportunities to create new markets from Ivory Coast to remote Indonesian islands by building gas-fired power plants, pipelines, regasification and storage terminals. 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 set to retreat from North Sea in global asset shakeup

Screen Shot 2016-06-11 at 22.39.18The company has already cut hundreds of jobs from its UK workforce. In the clearest sign yet that Britain’s biggest company will turn its back on the “super mature” North Sea, Shell told investors its planned $30bn sales drive to tackle its debt burden will focus on mature assets in established oil regions.

Shell’s chief executive, Ben Van Beurden, laid out the company’s strategic plan for the rest of the decade, telling shareholders the group plans to leave between five and 10 mature oil regions, which equity analysts have interpreted as a “heavy hint” that UK assets will be included. 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.

Waiting for Big Oil to clean up its act

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Screen Shot 2016-06-11 at 22.29.07By Jillian Ambrose

11 JUNE 2016 • 7:22PM

“The world is going to have to continue using fossil fuels, whether they like it or not.” There’s little disguising the defiance in the words of Exxonmobil chief Rex Tillerson.

In a Dallas concert hall, less than six months after the historic global climate deal in Paris, the long-standing leader of the world’s largest listed oil company locked horns with shareholders in an increasingly familiar battle for Big Oil.

For years, placard-wielding green activists have raised warnings that echo the financial collapse: a “carbon bubble” could leave markets reeling as trillions of dollars’ worth of existing fossil fuel assets become worthless in a low-carbon world. 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.

CO2 disposal

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I read this article this morning in Google News. I thought your readers might find this interesting. The author of the article is somewhat ignorant about geology, which is why I included a number of links for further reading.

Scientists turn CO2 to stone in just two years: a solution for climate change? (+video)

Researchers at the world’s largest geothermal power plant have found a way to store carbon dioxide underground and turn it to rock.

Related articles:

As it happens to be there are very large basalt deposits in the US, India, and Siberia. In the US these are found in the central and eastern part of the state of Washington. These basalts are up to 2 miles thick in places. RDS drilled through them in the mid – 1980’s looking for oil and gas. There are also massive basalt deposits in the Snake River plain of Idaho. Basalts in the Snake River plain may be up to 5 miles in thickness. Here are some references : 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 Set to sink?

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By Royston Wild – Saturday, 11 June, 2016

The possibility of protracted earnings pain also makes Royal Dutch Shell (LSE: RDSB) a gamble too far, in my opinion.

At face value, charging oil prices may be at odds with my bearish take on the state of the market. Indeed, the Brent index surged above the $52 per barrel marker for the first time since October this week, helped by supply disruptions in Nigeria and a weaker US dollar.

However, the long-term outlook for crude values remains on thin ice, in my opinion. Production from OPEC and Russia continues to blast higher, while patchy economic growth means that bloated inventory levels are likely to persist, a situation that could send black gold prices sinking again. 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 Gas Director Says World Isn’t Oversupplied With LNG Yet

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By Lynn Doan: June 10, 2016 – 10.52 PM BST

Screen Shot 2016-06-06 at 10.26.15For months, banks including Citigroup Inc. have talked about a massive oversupply in the global market for liquefied natural gas. The head of natural gas at Royal Dutch Shell Plc, one of the world’s biggest producers of the fuel, would beg to differ.

“There isn’t really yet the kind of oversupply that people talk about,” Maarten Wetselaar, Shell’s integrated gas and new energies director, said on Friday in an interview in Palo Alto, California. For proof, he said, look at Europe, where natural gas demand gained last year and LNG imports from overseas were little changed. 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 Legal Offshoring a Sign of Things to Come

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Facing an era of lower oil prices, Shell announced plans on June 7 to cut company costs and become more efficient…

Sue Reisinger, Corporate Counsel: June 10, 2016

The announcement by Royal Dutch Shell that it plans to open an offshore legal operations center illustrates a growing trend, according to industry experts.

Facing an era of lower oil prices, Shell announced plans on June 7 to cut company costs and become more efficient. Part of those plans includes opening an offshore legal center, as have a few other companies and several major law firms. Shell legal director Donny Ching told the Law Society Gazette in London that the move would relate to “some specific parts of our work where it makes sense to consolidate services, increase efficiencies and reduce costs.” 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.

Bad news for fossil fuels

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By Ed Crooks: June 10. 2016

Two of the most widely respected energy analysts – BP’s economics team and the International Energy Agency – published reports this week, and both brought bad news for fossil fuel producers. They differed, however, in the focus of their gloomy perspectives. For BP, publishing its 65th annual Statistical Review of World Energy, it was coal that came off worst. As Spencer Dale, BP’s chief economist, put it in his presentation, “2015 was undoubtedly an annus horribilis for coal”. The shift to natural gas for power generation in the US gathered pace, and there was a second consecutive year of declining consumption in China. 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.

Britain to shed a quarter of its oil jobs since price fell – industry

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Friday 10 June 2016

Screen Shot 2016-05-21 at 10.18.28LONDON (Reuters) – As many as 120,000 oil workers will have lost their jobs in Britain by the end of the year compared to mid-2014 when oil prices started declining and unleashed sector-wide cost cuts, the industry’s lobby group said on Friday.

Britain’s oil industry and indirectly related jobs like supply chain and services are estimated to fall to 330,000 by the end of the year, down from 450,000 in 2014, Oil and Gas UK said in a report.

Major British oil industry employers like Royal Dutch Shell (RDSa.L), BP (BP.L) and Chevron (CVX.N) have all announced substantial job cuts in order to rein in costs as revenues have been hit hard by weak oil prices. 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.

Niger Delta Avengers blow up another Shell facility

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Chrisantus Obi-Ezechukwu: Friday, 10th June 2016

Screen Shot 2016-05-21 at 10.18.28New militant group, Niger Delta Avengers, last night blew up another oil facility belonging to Shell Petroleum Development Company (SPDC).

The facility is said to be around Ogidigben, Warri South West Local in Delta State.

It was learnt that the incident occurred after 8p.m.

“The incident occurred along the Chanomi Creek around Ogidigben area. We got reports from our field office that a loud explosion was heard at the location, which was followed by a huge ball of fire,” a source said. 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 makes $4bn North Sea investment pledge

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Written by Energy reporter – 10/06/2016 7:56 am

Royal Dutch Shell said its spending plans will include a cash injection of around $4billion for the North Sea.

The investment drive will be rolled out between this year and 2018 and is understood to be line with its previous expenditure in the region.

The energy giant announced on Tuesday that it would scale down global investment and pinpoint further savings as it grapples with lower oil prices.

Paul Goodfellow, Shell’s vice president for Upstream in UK & Ireland, told the Press Association that it will “include significant investments with our partners West of Shetland in the Clair and Schiehallion projects in which Shell has a 28% and 55% share respectively.” 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.

Leak reportedly shuts Nigeria’s Trans Niger Pipeline

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Jun 9 2016, 17:26 ET | By: Carl Surran, SA News Editor

Nigeria’s Trans Niger Pipeline, one of two major pipelines that carries the Bonny Light crude grade for export, was shut down yesterday after a leak was found, Upstream reports.

Royal Dutch Shell (RDS.A, RDS.B), one of TNP’s partners, confirmed that the pipeline had shut down but declined to comment further; the other partners are Total (NYSE:TOT), Eni (NYSE:E) and Nigerian National Petroleum Corp.

The shutdown comes just as repairs were completed on the Nembe Creek Trunk Line that also moves Nigeria’s major export grade. 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.

Aranguren also in the spotlight as he refuses to sell Shell stock

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Thursday, June 9, 2016

The sworn declarations of the assets belonging to the officials of the Mauricio Macri presidency (presented last Thursday at the Anti-Corruption Office) reveal varying degrees of wealth among a total of of over 430 million pesos but no item had more impact than the 16 million pesos worth of shares retained in Shell by Energy and Mining Minister Juan José Aranguren because it also represents a conflict of interest.

But Aranguren (with a 38-year career in Shell, whose local branch he headed for 12 years until last December when he joined Macri’s Cabinet) has no plans to shed the shares. Ministry spokesmen hastened to defend the situation of controlling the oil industry while owning shares in one of its companies by arguing: “The only restriction imposed by the law is that the minister cannot take specific decisions concerning Shell as a company previously employing him.” 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.

Argentine energy minister hit by Shell shares controversy

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By: Associated Press | Published: June 9, 2016 9:40 AM

Argentina’s government is defending its energy minister who is facing growing criticism for continuing to own shares in Royal Dutch Shell, where he was an executive of the local branch.

Juan Jose Aranguren became energy minister in December. He reported about $1.1 million in Shell’s class A shares in a wealth statement that was released this week.

Cabinet chief Marcos Pena said Wednesday that ”the law is very clear” and there is no conflict of interest. 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.

North Sea oil: The £30bn break-up

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Kiran Stacey and Alan Livsey

Screen Shot 2016-05-21 at 10.18.28The Pioneering Spirit, a catamaran the length of five jumbo jets, will next year sidle up to Royal Dutch Shell’s Brent Delta oil platform in the North Sea, 115 miles north-east of the Shetland Islands.

In doing so, the ship will have undertaken the heaviest lift ever attempted in the North Sea. More significantly it will also have begun what is expected to be a wave of decommissioning across the North Sea, as oil companies struggling with low prices shut down production and pack up one of the UK’s most successful industries of the past 50 years. 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.

Boom Town…Shell commits to build cracker plant in Beaver County

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Jun 8, 2016By Christian Morrow

After four years of will-they-or-won’t-they, Royal Dutch Shell has announced it will construct a multi-billion-dollar ethane cracker plant at the site of the former Horsehead zinc smelter in Center and Potter townships, Beaver County.

Project will employ thousands

The company announced it was going forward with the project June 7, much to the delight of Allegheny County Executive Rich Fitzgerald who released a statement thanking Shell and congratulating everyone involved in the process, from Governor Tom Wolf to the Marcellus Shale Coalition.

“The project is monumental; the building of this plant will be equivalent to the construction of 25 stadiums,” said Fitzgerald.

“This announcement accelerates our growth to a next level and will provide even more opportunities for our young people. This multi-billion investment will bring economic growth to our region now and for generations to come, and we thank Shell for their decision to invest here.” 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.

What Caused Royal Dutch Shell’s Shares To Soar

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Arie Goren: Jun. 9, 2016 6:14 AM ET

Screen Shot 2016-05-21 at 10.18.28Summary

  • In its Tuesday, June 7, investor meeting, Shell offered a very encouraging update on the company’s strategy, which sets a clear course for stronger returns and free cash flow.
  • Oil prices have shown a significant rebound in the last five months. As such, we can expect much better results for Shell’s upstream operations in the forward quarters.
  • Investing in a supermajor integrated oil & gas company like Royal Dutch Shell will give investors a significant price appreciation when oil prices recover along very generous dividend yielding 7.1%.
  • In my view, we can learn from the company’s new strategy that the dividend is sustainable.

Shares of Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) soared in the last two days after its Chief Executive Officer Ben van Beurden provided on Tuesday, June 7, an update on the company’s strategy, that according to the company, sets a clear course for stronger returns and free cash flow. Shares of RDS.A have increased 6.43% in the last two days and shares of RDS.B have risen 6.58%.

Since the beginning of the year, RDS.A’s stock is already up 15.7% while the S&P 500 Index has increased 3.7% and the NASDAQ Composite Index has lost 0.7%. However, since the beginning of 2012, RDS.A’s stock has lost 27.5%. In this period, the S&P 500 Index has increased 68.5% and the Nasdaq Composite Index has risen 91%. read more

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Shell relinquishes Canadian Arctic drilling rights

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Screen Shot 2016-05-21 at 10.18.28By Mike De Souza in News, Energy | June 8th 2016

One of the planet’s largest oil companies has just walked away from a large swath of oil and gas reserves in the Canadian Arctic. But it says it hasn’t given up altogether on the prospects of drilling for the fossil fuels in the pristine waters of the North.

Royal Dutch Shell announced it was relinquishing 30 of its oil and gas leases around Lancaster Sound – a region of the Arctic Ocean that the government and local Inuit groups have long tried to protect as a vital habitat for threatened mammals such as narwhals, beluga whales and polar bears. read more

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Companies charged with workplace breaches following Corrib gas death

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Edwin McGreal: Belmullet: 08 JUNE 2016

Two companies have been sent forward to the Circuit Criminal Court in Castlebar on charges following a workplace accident which resulted in the death of a man working on the Corrib gas tunnel in 2013.

Twenty-six year old Lars Wagner was killed, in September 2013, while he was working on the construction of a tunnel for the Corrib gas project.

Mr Wagner, a German native, was working on boring a tunnel to carry the project’s gas pipeline under Sruwaddacon Bay to the Corrib gas refinery at Bellenaboy. read more

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Shell to end longtime sponsorship with Houston Open

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By Associated Press:
June 8 at 7:20 PM

HOUSTON — Shell Oil Co. has decided not to extend its title sponsorship of the Houston Open after next year, ending the third-longest running title sponsorship on the PGA Tour.

Steve Timms, president and chief executive of the Houston Golf Association, said Shell’s decision to leave after 2017 was a function of its business environment and that the company wants to stay involved in some capacity.

“We’re proud as heck of what will be 26 years of a long-running sponsorship,” Timms said Wednesday. “This will present some opportunities for us. We’re confident in our property. We’re in a big market and we feel good about it.” read more

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Shell ‘fracked’ well in field that spilled oil into Gulf

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NEW ORLEANS — Fracking chemicals were used on at least one of the four Shell oil wells in an offshore field that leaked nearly 90,000 gallons of oil into the Gulf of Mexico last month, but those chemicals were likely long gone before the spill, federal regulators tell WWL-TV.

The government approved the use of a “frac pack” on Well No. 8 in Shell’s Glider Field, about 95 miles south of Port Fourchon, La., on Feb. 12, 2015, according to summaries of drilling permits archived on the federal Bureau of Safety and Environmental Enforcement website. read more

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Shell Follows Total in Buying Iranian Crude After Sanctions End

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  • Vessel with 1 million-barrel crude cargo booked for Europe

  • Total was first oil major to buy Iranian crude for region

Screen Shot 2016-06-08 at 19.11.36By Rupert Rowling, Angelina Rascouet and Julian Lee: June 8, 2016

Royal Dutch Shell Plc is set to ship a cargo of Iranian crude to Europe next month, becoming the second major oil company in the region after Total SA to resume oil trade after some sanctions on the Persian nation’s nuclear program were lifted in January.

Shell booked the Delta Hellas tanker to carry one million barrels of Iranian crude to Europe, loading July 1, according to lists of charters compiled by Bloomberg. Shell declined to comment on the booking.

Among oil majors, Total was the first to resume purchases of Iranian crude after the French oil company chartered a cargo in February. The first shipment to arrive in Europe was for the independent Spanish refiner Cia. Espanola de Petroleos, which unloaded on March 6. read more

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Shell signals retreat from North Sea amid further cost cutting

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Screen Shot 2016-05-21 at 10.18.28By MARK WILLIAMSON: 8 June 2016

ROYAL Dutch Shell has given a further signal it will retreat from the North Sea as the company said it will continue with deep cuts in spending amid the crude price plunge.

Chief executive Ben van Beurden said the oil and gas giant will focus investment on the kind of big fields which will generate high returns over the long term and which the company has made clear are in short supply in the North Sea.

Shell is investing heavily in two giant fields West of Shetland with BP, which are due to come onstream in coming months and could be in production for years, but has nothing similar in the pipeline. read more

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Shell resumes Iranian oil purchases

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Wed Jun 8, 2016 10:00am EDT

Royal Dutch Shell has resumed purchases of Iranian crude, becoming the second major oil firm after Total to restart trade with Tehran after the lifting of sanctions, trading sources said and ship tracking data showed.

Iran has been trying to claw back its market share since international sanctions were lifted in January and regaining a major buyer such as Shell will further aid its cause.

Shell declined to comment.

According to shipping data, Shell fixed Suezmax tanker Delta Hellas to bring 130,000 tonnes of Iranian crude from Kharg Island on July 8 to continental Europe. read more

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Royal Dutch Shell Carries Out Repair Works in Nigeria Despite Security Threats

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By Micheal KaufmanJun 8, 2016 at 10:50 am EST

Although Royal Dutch Shell plc (ADR) (NYSE:RDS.A) is carrying out repair-work at two sites in Nigeria, the company said it could not “operate or repair” the facilities in the Niger Delta if its employees are not safe. The militant group, Niger Delta Avengers, has attacked Shell’s Nigerian facilities thrice in the past five months.

Attacks

First, the militants attacked Shell Forcados terminal and an under-water pipeline in February. The pipeline links offshore port with the onshore crude oil storage tanks. This was the first time that the group carried out an attack in public. read more

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Shell to move away from growth in natural gas business

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By IAN BICKIS: The Canadian Press: Tues., June 7, 2016

CALGARY—Royal Dutch Shell says it’s shifting away from growing its liquefied natural gas business, a move that raises fresh doubts about the future of its proposed LNG Canada project in Kitimat, B.C.

The company said Tuesday the pace of new investment in LNG will slow as it moderates growth and prioritizes cash flow generation and returns on existing projects.

Shell said while its integrated gas business was previously a “growth priority,” it has now reached a critical mass after completing the acquisition of gas giant BG Group in February. read more

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Shell cuts cost for the rest of the decade after takeover

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By DAVID SHANDPUBLISHED: 00:03, Wed, Jun 8, 2016

The company set out its plans to create a “world class investment case” for shareholders following its £35billion takeover of fellow FTSE 100 oil and gas giant BG Group, which will include more asset sales and cost-cutting.

In its presentation to investors, Shell said it would squeeze an extra $1billion (£690million) in savings from the BG deal from an earlier $3.5billion forecast.

It aims to sell 10 per cent of its oil and gas production by exiting operations in up to 10 countries. read more

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Shell-Operated Nigeria Pipeline Said to Be Under Repair

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Screen Shot 2016-06-07 at 23.34.38Javier Blas: June 7, 2016

Repair work on a key Nigerian crude oil pipeline operated by Royal Dutch Shell Plc is ongoing under very tight security, according to a person familiar with the operations.

The repairs were being carried out in two different sites of the Forcados export pipeline, which was hit by explosions in February and again last week, said the person, who asked not to be named because of security concerns. Earlier Chief Financial Officer Simon Henry said the company had to withdraw repair crews last week after a second attack against the 48-inch Forcados pipeline that links onshore storage tanks with an offshore port. read more

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Royal Dutch Shell’s High-Wire Act

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By PAUL J. DAVIES: June 7, 2016 11:48 a.m. ET

For Royal Dutch Shell , austerity is tricky. The Anglo-Dutch oil and gas group is doing almost everything it can to make its finances work. The trouble for investors is that it still may not be enough.

Shell has found more cost savings more quickly from its takeover of BG Group and is slashing its investment plans back to almost the minimum needed to keep producing. But without a recovery in oil and gas prices it will struggle to balance its long-term prospects with near-term promises. read more

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Shell to build Pennsylvania plastics plant in bid for market share

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HOUSTON, JUNE 7 | BY ERNEST SCHEYDER: Tue Jun 7, 2016

Royal Dutch Shell Plc said on Tuesday it will build a chemical plant in Pennsylvania, planning to use an inexpensive and abundant supply of natural gas to make plastics for the northern United States.

The multibillion-dollar plant’s construction will bring an infusion of cash and jobs to northern Appalachia, an area hard-hit by the collapse in the coal and steel industries. Personal and small business income in the region is roughly 25 percent lower than the rest of the United States. read more

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Shell’s Big Find

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Screen Shot 2016-06-06 at 10.26.15By Chris Hughes: June 7, 2016

Shell is learning not to waste a crisis.

The Anglo-Dutch oil major is pulling on every lever to deal with the consequences of agreeing a takeover of rival BG Group just before the oil price collapsed last year. Shareholders can only hope that the zeal it now shows for running a tight ship will endure once the company is on a surer footing.

The $54 billion cash-and-shares purchase of BG was completed in the first quarter, just as the oil price hit rock bottom. As of March 31, Shell’s net borrowings had shot up from $27 billion to $70 billion. Operating cash flow on a 12-month rolling basis was $23 billion — too low for a company then targeting $33 billion of annual capital expenditure and accustomed to paying $10 billion of cash dividends annually, even allowing for a contribution from BG. No wonder analysts have been penciling in dividend cuts. read more

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Shell’s bonus for City as drilling for savings yields extra $1 billion

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RUSSELL LYNCH: 7 June 2016

Royal Dutch Shell boss Ben van Beurden delivered a $1 billion (£688 million) present to the City today as he pumped up more savings from the oil major’s $54 billion mega-merger with rival BG Group.

The shares rose almost 3%, or 48p, to 1749p as the cost-cutting drive, which has stepped up a gear since the deal completed in January, now promises $4.5 billion in savings by 2018. 

That compares with the $3.5 billion previously estimated.

The latest savings will not involve further job cuts on top of the extra 2200 announced two weeks ago by the firm, which took the total number of jobs shed through the merger to at least 12,500.  read more

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Shell asset sales on track, no plans for ‘Baby Shell’ IPO: CEO

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Holly Ellyatt | Stephen Sedgwick: 7 June 2016

Royal Dutch Shell‘s plans to sell off assets and pull out of up to 10 countries are on track, the oil major’s chief executive told CNBC on Tuesday, putting to bed rumors of a spin-off of non-core assets into a “Baby Shell.”

On the company’s capital markets day in London, Shell in a statement said that it was taking action to deliver on lower costs, lower spending. asset sales and “profitable new projects.”

In terms of asset sales, the company confirmed these were expected to total $30 billion for the 2016-2018 period. read more

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Shell Deepens Spending Cuts, Promises More Savings From BG

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By Rakteem Katakey and Ryan Chilcote: June 7, 2016

Royal Dutch Shell Plc cut spending plans further and promised increased savings following its record purchase of BG Group Plc, as Europe’s largest oil company continues to adjust to the slump in energy prices.

Shell will spend $29 billion this year, it said Tuesday. That compares with a May forecast for capital expenditure “trending toward” $30 billion, which was itself down from an earlier projection of $33 billion. Synergies from the BG acquisition will provide $4.5 billion in savings in 2018, up from an earlier estimate of $3.5 billion. read more

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Shell aims for steeper cost cuts after BG takeover

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Kiran Stacey, Energy Correspondent: June 7, 2016 8.03am

Royal Dutch Shell is aiming to make steeper cost cuts than previously planned as a result of its £35bn takeover of rival BG Group, the company has said.

The international oil company gave investors an update on its long-term strategy on Tuesday, in which it tried to reassure the market about the amount of debt it has taken on as a result of the purchase, which was completed in February.

FULL FT ARTICLE

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Shell caps spending for rest of the decade as belt tightening continues

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By Jon Yeomans7 JUNE 2016 • 9:33AM

Oil giant Shell is targeting yet more cost savings as it looks to pay down debt and protect its dividend in an era of lower oil prices.

The Anglo Dutch giant said today capital spending would be in the range of $25-$30bn a year to 2020. For 2016 it will be $29bn, down from a forecast “trending toward” $30bn, which was itself down from an earlier projection of $33bn.

The company said this spending could go even lower if oil prices sink below their current levels, but crucially would not go higher if oil surges. Crude has stabilised at around $50 a barrel, after hitting a 12-year low of $28 a barrel in January. It was trading at more than $100 two years ago.  read more

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