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December, 2016:

Royal Dutch Shell plc Good Times Underway

Having brought about production at exceptionally low costs with cash operating costs around $15 per barrel throughout the year, Royal Dutch Shell plc (ADR) (NYSE:RDS.A) is expected to post a commendable  cash flow growth in the long cycle. With West Texas Intermediate and Brent crude currently above $50 per barrel, the Anglo Dutch company is likely to benefit. As per the estimates of market watchdogs, the oil and gas major is expected to grow its cash flow position to $25 billion in four years given that oil prices reach $60 per barrel. read more

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Malabu $1.1 billion Scandal: You must prosecute Shell, Eni too, indicted Etete tells Nigerian govt

Samuel Ogundipe: December 29, 2016

Dan Etete, a former Minister of Petroleum caught at the heart of the $1.1 billion Malabu Oil scandal, has accused the Nigerian government of leaving out Shell and Agip in the criminal charges it filed last week.

Mr. Etete said the government erred in pursuing the case against him and others while conspicuously sparing Shell, Total and Agip/Eni even though the three firms “were parties to all the agreements” reached in the OPL 245 oil deal, THISDAY reported on Wednesday, citing a text message exchange it had with Mr. Etete. read more

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Shell wells come up dry in Tanzania

Written by Mark Lammey – 29/12/2016 11:31 am

Two exploration wells drilled on blocks operated by Shell off Tanzania have come up dry.

One of Shell’s project partners, London-listed Ophir Energy, said the Kitatange and Bunju wells in blocks one and four had been drilled safely and on time.

But no hydrocarbons were found, according to Ophir, which holds 20% interests in the assets.

Shell has held 60% of the licences since its takeover of BP Group, while Pavilion Energy holds 20%.

The Noble Globetrotter 2 rig has been demobilised from site, Ophir said. read more

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Royal Dutch Shell: Prepare For Strong Upside

Dec. 29, 2016 3:08 AM ET

Summary

  • Royal Dutch Shell will report strong growth in the cash flow in the long run as it brings online low-cost production with cash operating costs of just $15/barrel.
  • In a $60 oil price environment, Shell’s free cash flow is expected to grow to $25 billion in 2020 as compared to $12 billion at a price of $90/barrel earlier.
  • Due to the growth in the free cash flow and low capital expenses as more projects come online, Shell’s operating cash flow will grow to $50 billion in 2020.
  • At an operating cash flow of $50 billion and a price to cash flow ratio of 15, Shell’s market capitalization is set to triple in the coming four years.
  • read more

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    Royal Dutch Shell plc and BP Pay Higher Dividends: Here’s Why?

    Britain’s decision to exit the European Union came as a shock for many. During the initial phase of Britain’s exit, the pound depreciated tremendously and questions were raised regarding how companies would operate. But now, a few months later, it seems that stakeholders of a few companies greatly benefitted from the move. 

    336×280- intext

    As mentioned above, the Brexit decision led to a significant decline of the pound against the dollar. Oil and gas companies such as the likes of Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) and BP plc. (ADR) (NYSE:BP) decided to capitalize on the decline by giving out lucrative bonuses to their shareholders.  read more

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    Royal Dutch Shell plc: Human Rights in Delta Violated?

    Heading into 2017, the presence of Royal Dutch Shell plc (ADR) (NYSE:RDS.A) is coming under intensified observation. Out of the many foreign energy giants operating in the Niger Delta, Shell is one that is the fulcrum of civil lawsuits, both existing and delayed.

    Charges on the Anglo-Dutch oil & gas major are inclusive of corruption, violence of human rights, and environmental damage. The company is reported to have performed inhuman acts, demeaning treatment. Shell’s senior management cannot state that this came as a surprise, as it has been repeatedly warned.  read more

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    No Harm to Royal Dutch Shell plc (ADR) (RDS.A) Dividends

    Published By: Myrna Salomon on December 27, 2016 09:41 am EST

    For income savvy investors, a dividend yield of 6.95%, one of the highest in industry is certainly attractive. Having said this, Royal Dutch Shell plc (ADR) (NYSE: RDS.A) not only has such a lucrative yield, but also has history of sustaining it for the longest time.

    The payout ratio is also appreciable, with company paying out dividend but retaining one third of its profits for future growth. On average, its reserves have increased by 3% on annual basis. This goes on to reflect that investors’ wealth is also increasing over time, along with company’s ability to grow consistently. read more

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    ‘’EVs, Solar Could Push Oil Down To $10 By 2025’’

    By Charles Kennedy – Dec 20, 2016, 4:38 PM CST

    That prediction comes from Engie SA’s innovation chief, Thierry Lepercq, who says that oil demand will be hit on multiple fronts. He lays out five tsunamis: solar power, battery storage, electric vehicles, “smart” buildings, and cheap hydrogen. “Even if oil demand continues to climb until 2025, its price could drop to $10 if markets anticipate a significant fall in demand,” Lepercq told Bloomberg in an interview. Solar, battery storage, electrical and hydrogen vehicles, and connected devices are in a ‘J’ curve,” he added. “Hydrogen is the missing link in a 100 percent renewable-energy system, but technological bricks already exist.” read more

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    Oil Producers Turn to Wind Power

    By ZEKE TURNER and SARAH KENT

    Updated Dec. 26, 2016 7:36 a.m. ET

    The Netherlands wants to build the world’s largest offshore wind project, and an unlikely company is helping: Royal Dutch Shell PLC.

    A Shell-led consortium won a bid this month to build and operate a portion of the Netherlands’ giant Borssele wind project in the North Sea. Once complete, the Shell-built section will generate enough power for roughly a million homes at a price of €54.5 ($56.95) per megawatt hour—a customer rate approaching that of cheaper power sources like coal or gas. read more

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    Shell appeals to Ogoni communities to halt oil theft, pipeline vandalism

    December 25, 2016

    A campaign against crude oil theft mounted this year by The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has highlighted the dangers of crude oil theft and sabotage of pipelines to more than 40 communities in the four local government areas in Ogoni land – Khana, Gokana, Tai and Eleme.

    “This public service campaign is a clarion call to people involved in crude theft in the Niger Delta, not only in Ogoni land, to stop destroying their land and heritage through pipeline vandalism,” said Osagie Okunbor, SPDC Managing Director and Country Chair, Shell Companies in Nigeria. read more

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    ENI AND SHELL TO BE PROSECUTED OVER OPL 245 $1.1 BILLION CORRUPTION SCANDAL

    A translation of a 12-page final report by Italian prosecutors reveals that following an extensive investigation, they intend to prosecute ENI and their apparent accomplice Shell for their roles in the OPL 245 $1.1 billion corruption scandal.

    READ ARTICLE HERE

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    Books containing references to shellnews.net

    9 Books containing references to shellnews.net: screenshot on 2nd Jan 2017 (or see pdf version)

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    Shell faces corruption charge threat

    Marcus Leroux: December 23, 2016

    Royal Dutch Shell faces possible corruption charges over the purchase of a Nigerian oil block.

    The world’s second-largest private oil producer, and Eni, the Italian major, are being investigated over their 2011 purchase of an offshore block in Nigeria for $1.3 billion. Milan’s public prosecutor has wrapped up its investigation and Corriere della Sera newspaper reported that it intends to press charges.

    The deal attracted criticism because only $210 million ended up in state coffers, with the rest going to Dan Etete, a former energy minister, and his associates. On Tuesday Mr Etete and two others were charged with money laundering in Nigeria in connection with the deal. Mr Etete could not be reached but has maintained his innocence previously. read more

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    A devastating blow for Shell in U.S. Federal Court

    See: Shell faces possible Dutch lawsuit over Nigerian activist’s execution

    The Dutch Kiobel Case will allege that Netherlands-based Royal Dutch Shell and its predecessors were complicit in gross violations of civil liberties and human rights directed at Dr Kiobel and Esther Kiobel, including arbitrary detention and arrest; attempted rape; cruel, inhuman, and degrading treatment; and violations of the right to a fair trial and the right to life.  (Extract from petition)

    Esther Kiobel holds Shell responsible for the murder of her late husband, Ogoni leader Dr. Barinem Kiobel. read more

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    Shell and BP’s UK dividend payments surge on weaker pound

    Andrew Ward, Energy Editor

    Royal Dutch Shell and BP have delivered a Christmas bonus worth almost £500m to UK shareholders because of the depreciation of the pound against the dollar since the vote to leave the EU.

    Both UK oil majors have made quarterly payouts this month that were a fifth higher than a year ago due to their practice of setting dividends in dollars and paying them in sterling.

    FULL FT ARTICLE

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    Explosive allegations detonate around Shell and Eni’s OPL 245 deal

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    Italy prosecutors wrap up probe involving Eni CEO over Nigeria – sources

    Italian prosecutors have wrapped up a probe into the head of Italian oil major Eni (ENI.MI) and others over alleged corruption in Nigeria, legal and judicial sources said on Thursday.

    The probe involves a total of 11 people, including Eni CEO Claudio Descalzi and former CEO Paolo Scaroni, as well as Eni itself and Royal Dutch Shell (RDSa.L).

    It was not immediately possible to reach those involved for comments.

    Under Italian law those under investigation have three weeks to show why they should not be charged. Prosecutors gave no indication they intended to drop the case. read more

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    Malabu $1.1 billion fraud: Adoke pledges to make self available for trial

    December 22, 2016Evelyn Okakwu

    Charged with aiding and abetting money laundering in the $1.1 billion Malabu deal, former Attorney General and Minister of Justice, Mohammed Adoke, has denied any wrongdoing.

    Mr. Adoke also restated his earlier claim that he represented the government in negotiating a deal between willing parties. He pledged to make himself available for trial.

    “I hope to at the appropriate time make myself available to defend the charge for what whatever its worth,” he said from his base in the Netherlands. read more

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    Obama’s and Trump’s useless gestures on energy

    By Chris TomlinsonBusiness Columnist: Dec 22, 2016

    Count on politicians to be political.

    President Barack Obama banned oil drilling along the Arctic coast and in the Atlantic from Virginia to Maine on Tuesday. Citing questionable authority under an obscure 1953 law, he means to keep any oil found in either of these coastal areas in the ground.

    Environmentalists cheered and oil lobbyists jeered. Both will certainly waste a lot of time and electrons writing long tracts of praising and condemning Obama. And then they’ll waste donor funds fighting it out in court. read more

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    Activist investor ramps up pressure on Shell to act on climate change

    By REUTERSPUBLISHED: 22:15, 21 December 2016

    By Karolin Schaps

    London, Dec 21 (Reuters) – Oil major Royal Dutch Shell is facing rising pressure from shareholders to shield its business from climate change threats and to play a bigger role in lowering global carbon emissions.

    Activist shareholder group Follow This, representing some of Shell’s retail shareholders, will put forward a resolution at next year’s annual shareholder meeting requesting Shell to set targets for annual greenhouse gas emissions reductions, its founder told Reuters. read more

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    Clovis wins $22 million against Shell Oil over toxic drinking water

    BY ANDREA CASTILLO: DECEMBER 21, 2016 12:55 PM

    The City of Clovis won its more than three-month civil trial against the chemical manufacturing giant Shell Oil Company over the cleanup of a toxic chemical found in drinking-water wells around the city of 108,000 people.

    The chemical is 1, 2, 3-Trichloropropane, or TCP, which is a waste product from making plastic. TCP was in farm fumigants last used in the 1980s, which were injected into the ground to kill tiny worms called nematodes. A jury awarded the city nearly $22 million, finding that the Clovis residents were harmed by the design of the fumigant, that Shell did not prove the benefits of its product outweighed the risks and that those risks were known at the time it was sold. read more

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    Shearwater to resume production, Shell continues investigation

    Shearwater to resume production, Shell continues investigation

    Written by Rita Brown – 21/12/2016 1:49 pm

    Shell’s Shearwater platform is expected to resume production after being shutdown for nearly three weeks.

    The oil major was forced to evacuate the facility, after the drilling of an exploration well triggered an alarm.

    The firm carried out remedial work this week after bad weather hampered earlier attempts. A spokesman today confirmed the necessary “remedial” work had been completed. He failed to say what caused the alarm to sound.

    A Shell spokesperson said: “Shell UK can confirm that remediation work at the Shearwater field has been completed following the unplanned shutdown on 2nd December. read more

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    Obama’s Arctic Drilling Ban Is Reversible, But The GOP And Big Oil Are Likely In No Rush To Fight It

    David Blackmon: Contributor. Dec 21, 2016

    The hits just keep on coming from our outgoing President. On Wednesday, Mr. Obama took one more of many parting shots at the domestic oil and gas industry at the behest of his supporters in the anti-development lobby, setting aside much of the northeastern Atlantic coast, all U.S. waters off the North Slope of Alaska in the Beaufort Sea and almost all of the federal waters in the adjacent Chukchi Sea “indefinitely off-limits for future oil and gas leasing.” read more

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    Canada to ban licensing of oil and gas drilling in Arctic

    A boat crosses in front of the Transocean Polar Pioneer, a semi-submersible drilling unit that Royal Dutch Shell leases from Transocean Ltd., as it arrives in Port Angeles, Wash., aboard a transport ship after traveling across the Pacific before its eventual Arctic destination in an April 17, 2015 file photo. The federal government says it will ban offshore oil and gas licensing in Arctic waters, a measure to be reviewed every five years. 

    The Canadian Press: DECEMBER 20, 2016 01:23 PM

    CALGARY – The federal government announced Tuesday plans to ban offshore oil and gas licensing in the Arctic, citing the need to protect the environment from future energy development, but the move was largely dismissed by industry observers as a weak gesture that won’t harm their interests. read more

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    Obama Bans Drilling in Parts of the Atlantic and the Arctic

    By CORAL DAVENPORT

    President Obama announced on Tuesday what he called a permanent ban on offshore oil and gas drilling along wide areas of the Arctic and the Atlantic Seaboard as he tried to nail down an environmental legacy that cannot quickly be reversed by Donald J. Trump.

    Mr. Obama invoked an obscure provision of a 1953 law, the Outer Continental Shelf Lands Act, which he said gives him the authority to act unilaterally. While some presidents have used that law to temporarily protect smaller portions of federal waters, Mr. Obama’s declaration of a permanent drilling ban on portions of the ocean floor from Virginia to Maine and along much of Alaska’s coast is breaking new ground. The declaration’s fate will almost certainly be decided by the federal courts. read more

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    Obama sets stage for legal fight over Arctic oil drilling

    by: Shawn Donnan in Washington and Andrew Ward in London: 21 December 2016

    US President Barack Obama has set the stage for a legal battle over drilling for oil and gas in Arctic seas after declaring a huge swath of those waters “indefinitely” off limits to exploration as part of a joint move with Canada.

    Royal Dutch Shell, long at the forefront of exploration in Alaska, abandoned its drilling campaign there in 2015 after failing to strike oil. The Anglo-Dutch group had spent $7bn in the Chukchi and Beaufort seas since 2007, or about 20 per cent of its exploration budget. read more

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    Nigerian lawsuit revives billion-dollar oil scandal

    Nigerian lawsuit revives billion-dollar oil scandal

    By Associated Press21 December 2016

    LAGOS, Nigeria (AP) — Nigeria’s anti-corruption agency is reviving a five-year-old scandal involving one of Africa’s richest oil blocs, in which a former petroleum minister and his allies allegedly made $1.1 billion dollars and the state oil company $210 million.

    The Economic and Financial Crimes Commission filed suit Tuesday in the federal high court charging former petroleum minister Dan Etete, former justice minister Mohammed Bello Adoke and businessman Aliyu Abubakar with fraud and money laundering of hundreds of millions of dollars in the sale of the bloc. The money came from a Nigerian escrow account at the London branch of JPMorgan Chase, according to the court document. read more

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    BP buys, while Shell sells: a recap of recent deal making by the majors

    Written by Mark Lammey – 20/12/2016 6:00 am

    While Shell has been selling assets to make good on its $30billion divestment plan for 2016-18, BP has flashed the cash with a number of big investments.

    Shell said yesterday that it had raised $1.65billion (£1.33billion) in asset sales, while rival oil major BP has revealed plans to invest heavily on African licences.

    Shell will make $1.4billion from the sale of a 31.2% stake in refiner Showa Shell Sekiyu to Japan’s Idemitsu Kosan, the firm said yesterday. read more

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    Obama Said to Use 1953 Law to Permanently Block New Drilling Leases in Arctic, Atlantic

    The Shell-contracted rigs Kulluk (left) and Noble Discoverer (right) set sail from Seattle in July 2012 for Royal Dutch Shell’s ultimately unsuccessful drilling campaign offshore Alaska in Summer 2012. Photo credit: Vigor Industrial

    December 19, 2016 by Bloomberg

    By Jennifer A. Dlouhy

    (Bloomberg) — President Barack Obama is preparing to block the sale of new offshore drilling rights in much of the U.S. Arctic and parts of the Atlantic, a move that could indefinitely restrict oil production there, according to two people familiar with the decision. read more

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    FLARING AT SHELL REFINERY PROMPTS HEALTH ALERT FROM CONTRA COSTA COUNTY HEALTH OFFICIALS

    19 Dec 2016

    MARTINEZ, CA. —Contra Costa Health Services is advising people to avoid the area around the Shell Refinery in Martinez this afternoon due to “excessive flaring and black smoke.”

    The Health Services website issued the alert at 2:20 p.m. for the refinery at 3485 Pacheco Blvd.

    People with respiratory conditions are being advised to take precautions and avoid the area.

    The flaring is the result of a power outage, according to Health Services officials.

    SOURCE

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    Shell donates $150,000 to CCBC

    By Jared Stonesifer [email protected]: 19 Dec 2016

    CENTER TWP. — Shell Chemicals Co. has donated $150,000 to the Community College of Beaver County to fund scholarships and help the college buy new equipment.

    The money will go directly to CCBC’s process technology program, a curriculum created several years ago with Shell in mind. The associate degree program trains students for careers in manufacturing and industry, like the $6 billion ethane cracker plant Shell is planning to build in Potter Township. read more

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    Shell to Divest its 37.5% Stake in German Refinery

    By Zacks Equity Research   

    Published on December 19, 2016

    Integrated energy major Royal Dutch Shell plc (RDS.AFree Report) and leading refining firm VARO Energy recently reported that they are in advanced discussions regarding the divestment of Shell’s 37.5% interest in the PCK Refinery in Schwedt, Germany. The PCK Refinery has the capacity to refine 220,000 barrels of oil per day.

    The value of the deal has not been disclosed as yet. However, Shell expects the deal to help it focus its downstream activity on areas where it can be most competitive. read more

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    Royal Dutch Shell close to selling North Sea and Gabon assets

    by: Andrew Ward, Energy Editor

    Royal Dutch Shell is closing in on asset sales in the North Sea and Gabon that will increase confidence that its $30bn asset disposal programme is gaining momentum.

    The Anglo-Dutch energy group announced on Monday that it had completed the $1.4bn exit from its Japanese refining joint venture, Showa Shell, locking in an important part of the $5bn of divestments agreed so far.

    However, the potential deals in the North Sea and Gabon pose a bigger test for Shell… read more

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    Japan’s Idemitsu buys 31.3 percent of Showa Shell from Royal Dutch Shell

    Japanese refiner Idemitsu Kosan Co Ltd (5019.T) said on Monday it has completed its planned acquisition of 31.3 percent of rival Showa Shell Sekiyu KK (5002.T) from Royal Dutch Shell PLC (RDSa.L).

    Earlier in the day, Japan’s anti-monopoly regulator approved Idemitsu’s plan to acquire the stake.

    In a filing at the stock exchange, Idemitsu said it paid 1,350 yen a share, or a total of 159 billion yen (1.08 billion pounds).

    The refiner had originally planned to buy 33.3 percent from Royal Dutch Shell. read more

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    Shell Norco chemical plant malfunction triggers flaring

    HOUSTON, Dec 18 2016 (Reuters) – A malfunction on Saturday triggered flaring at Royal Dutch Shell Plc’s Norco, Louisiana, chemical plant, said a Shell spokesman.

    Shell’s Ray Fisher on Sunday declined to say which unit sustained the malfunction.

    A source familiar with plant operations said the malfunction was in an olefins unit at the chemical plant.

    The Shell chemical plant in Norco shares the safety flare system with the adjoining Motiva Enterprises refinery. Flaring from the chemical plant is sometimes thought to come from the refinery. read more

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    Shell to sell Australian aviation fuels unit to Viva Energy

    Shell to sell Australian aviation fuels unit to Viva Energy

    by Angela Macdonald-Smith: 19 December 2016

    Royal Dutch Shell has struck a $US250 million ($343 million) deal to sell its local aviation fuels division to Viva Energy in a further slimming down of its downstream operations in Australia.

    The sale follows the oil giant’s $2.9 billion divestment of its other refining and fuels activities to Viva in 2014 and comes amid heightened speculation that Shell is getting set to offload its remaining stake in Woodside Petroleum.

    The deal, expected to formally close by md-2017, will see the Shell brand still used for the aviation refuelling business under a licensing deal similar to the arrangement Viva has to use the logo for its petrol retailing business. Regulatory approvals still need to be secured. read more

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    Shell develops new premium fuel for the engines of old cars

    December 18, 2016 By: William Hall

    Modern gasolines have become a recurring headache for classic car owners. Low octane and unleaded fuel have presented challenges for years, but federally-mandated 10 percent ethanol content has caused new problems with compatibility in vintage fuel-system components.

    Recently, Shell Oil Company invited me down to STCH (Shell Technology Center Houston) in Texas to demonstrate what they’re doing to address the needs of the classic car owner with their Shell V-Power Nitro+ premium gasoline. read more

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    Shell boss Simon Henry cashed in £1m days before he suddenly resigned

    Shell boss Simon Henry 

    IMAGES FROM DAILY MAIL ARTICLES PUBLISHED FRIDAY 16 DECEMBER 2016.

    ALSO PUBLISHED BY THE DAILY MAIL ON THE SAME DATE

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    UK police spied on us, protesters tell inquiry

    Shell to Sea, an environmental protest group, claims it was infiltrated by a British officer between 2004 and 2006: MARK STEDMAN/PHOTOCALL IRELAND

    By:  Ellen Coyne – The Times

    A Mayo protest group that claims it was spied on by a British police officer has asked to be included in a UK inquiry into undercover practices.

    Shell to Sea, an environmental activist group that protested against the Corrib gas pipeline, believes it was infiltrated by Mark Kennedy when he was in the Republic. read more

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    Shell to offload Dragon gas port

    Danny Fortson: December 18 2016: The Sunday Times

    Shell has begun quietly sounding out potential buyers for its share of a giant gas- import complex in west Wales.

    The FTSE 100 company owns half of Dragon LNG, a terminal at Milford Haven that reheats super-chilled liquid natural gas after it is delivered by tankers. The site has the capacity to provide 10% of Britain’s gas needs.

    Petronas, Malaysia’s state oil producer, owns the other half and is likely to have first right of refusal. Dragon is yet another asset that has been put up for sale by Shell, which has pledged to raise $30bn (£24bn) through a global disposal programme to offset the cost of its takeover of rival BG. read more

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    Shell Donates $100,000 to Capital Area United Way’s Flood Relief Fund

    12/15/2016

    Capital Area United Way was recently the recipient of a $100,000 donation from Shell-Geismar to go towards their Flood Relief Fund.   Shell and Motiva announced back in August that they would be contributing $500,000 to local organizations to assist with response and rebuilding efforts in the community.  Both companies also announced that they would match employee contributions made through their internal giving program.

    “Shell is pleased to make this contribution in support of United Way’s effective response to the recent flooding in our region,” said Rhoman Hardy, General Manager at Shell Chemical Geismar. “We know that the agency’s efforts made a significant difference for many in the Greater Baton Rouge area whose lives were turned upside down as a result of this unprecedented disaster.” read more

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    Shell Canada asks regulator to leave huge pipe on sea floor off Nova Scotia

    By Susan Bradley, CBC News Posted: Dec 16, 2016 3:20 PM

    Shell Canada has officially applied to abandon two kilometres of pipe it accidentally dropped on the ocean floor off the coast of Nova Scotia.

    The pipe, known in the industry as a riser, broke free from a surface ship March 5 during a winter storm.

    “Because of the unacceptable risk associated with the health and safety exposure and potential impact to human health of offshore workers, Shell does not perceive recovery of the riser … as a viable response option,” Shell Canada’s exploration manager said Friday in a letter to Canada-Nova Scotia Offshore Petroleum Board. read more

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    Japan’s Idemitsu to buy 33 percent of Showa Shell by year-end: Nikkei

    Japanese refiner Idemitsu Kosan Co (5019.T) will acquire one-third of Showa Shell (5002.T) by the end of the year, and the anti-monopoly watchdog is expected to approve their merger proposal as early as next week, the Nikkei business daily said on Saturday.

    Idemitsu will go ahead with an agreement to acquire the 33.24 percent stake in Showa Shell for about 170 billion yen ($1.44 billion) from Royal Dutch Shell (RDSa.L) after getting the approval, the report said, without citing sources.

    The planned merger has been a drawn-out process, with fierce opposition coming from Idemitsu’s founding family. The management of Idemitsu, Japan’s second-biggest refiner by sales, in October put a full takeover on hold indefinitely. read more

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    Trump stance could complicate Saudi/Shell deal

    By RUSSELL GOLD: Dec. 16, 2016 2:45 p.m. ET

    The election of Donald Trump threatens to complicate efforts by Saudi Arabia’s national oil company to purchase refineries and expand its petrochemical footprint in the U.S.

    Speaking in Louisiana earlier this month, he said: “We use refineries from other countries. The whole thing is just crazy. It’s crazy.”

    That stance could complicate a continuing deal: Saudi Aramco and Royal Dutch Shell PLC are in talks to end a joint venture called Motiva Enterprises. The Saudi company, which is state owned and state controlled, has said it expects after negotiations are concluded to own the 603,000-barrel-a-day refinery in Port Arthur, Texas. Shell is expected to get two smaller refineries in Louisiana. 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.

    Corruption of Police by Shell

    Corruption of Police by Shell

    Printed below is an extract from a current submission to The Pitchford Inquiry by the Shell to Sea organisation in Ireland. As can be seen, it very much involves Shell.

    The Pitchford Inquiry is investigating undercover policing activities in England and Wales. Pressure is mounting to also cover the activities of undercover British police in Ireland.

    EXTRACT FROM THE SUBMISSION

    Corruption of Police by Shell

    In March 2013 Shell to Sea  contacted a reporter in the London-based Observer newspaper regarding a series of allegations which had appeared consistently since September 2012 on a website co-founded by John Donovan and his late father Alfred, available at www.royaldutchshellplc.com. It took from March until publication on 11 August to research and legal-proof the article written by award-winning journalist Ed Vuillamy                            (http://www.theguardian.com/books/2013/may/18/ed-vulliamy-ryszard-kapuscinski-award) under the heading ‘Strange tale of Shell’s pipeline battle, the Gardaí and £30,000 of booze’. http://www.theguardian.com/world/2013/aug/10/shell-pipeline-protests-county-mayo  While the reportage of alcohol provision to the police came as no surprise, we find the claim made by Mr Neil Rooney of OSSL as quoted below to be, indeed, sinister: read more

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    Fitzgerald should seek answers on undercover British police in Ireland

    By:  Shell to Sea

    Open Letter to the Irish Minister of Justice, Francis Fitzgerald

    Shell to Sea are calling for the Minister of Justice, Francis Fitzgerald to seek that the inquiry into the behaviour of undercover British police (entitled the Pitchford Inquiry) be extended to include the activities of undercover police in Ireland.

    The Pitchford Inquiry is so far only investigating undercover policing activities in England and Wales, however the German Government, the Scottish Government and Northern Ireland’s Justice Minister, Claire Sugden have all called for the remit of the inquiry to be widen to include the activities of the undercover British police in their jurisdictions. read more

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    Suspicion over Simon Henry departure, a cover-up by Shell?

    “Shell finance boss Simon Henry sold stock worth £1m just days before he suddenly left the firm. Shell would not say why the £3.2 million-a-year boss was leaving…” (From a Daily Mail article by Rachel Millard) 

    Posted on our Shell Blog Friday 16 December 2016

    SMELLS: Interesting comment published in the Daily Mail today Friday, by City Editor Alex Brummer under the heading: “Shell game”:

    “EXTRAVAGANT praise by Shell chairman Charles Holliday for departing finance director Simon Henry only fuels suspicion the Anglo-Dutch oil major is not revealing all.” read more

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    Jessica Uhl, tainted by Enron, a huge risk IMHO


    from an old EP hand:
     

    Another american woman. I do not know her, she must be very clever. But Shell has not had a lot of luck with senior american women. Do I need to mention the Cook woman? Or the Boynton woman?

    And as a total outsider, I must observe that this Uhl woman is a bit tainted. She worked for Enron in the top years of all the scandals and in a very senior position.

    We now know that the people working in Enron in that period might be the cleverest in the business, but not the most ethical ones. And for a finance director only the highest ethical standards should apply. A huge risk IMHO. read more

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    Shell finance boss tipped to take over the top job cashed in stock worth £1m days before he suddenly quit

    By Rachel Millard For The Daily Mail: 21:58, 15 December 2016 

    A finance boss at Royal Dutch Shell who was tipped to take over the top job has suddenly left – just days after he sold stock worth £1million.

    Credited with leading the firm’s £41billion takeover of oil and gas group BG last year, Simon Henry was a key lieutenant of chief executive Ben van Beurden.

    But the 55-year-old’s departure was announced yesterday to the shock of the markets. Relatively unknown internal finance executive Jessica Uhl has been appointed in his place.

    It emerged Henry sold more than £1million of shares on December 1, within 24 hours of the historic Opec deal to cut production that then sent the price of oil soaring. read more

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    Shell’s CFO Pick Leaves Most Analysts Asking Simply ‘Who?’

    by Rakteem Katakey: 15 December 2016, 16:47 GMT

    Royal Dutch Shell Plc’s appointment of Jessica Uhl as finance chief on Thursday posed one simple question for many of the analysts who follow Europe’s largest oil company: “Who?”

    The 48-year-old U.S. citizen, currently head of finance for Shell’s Integrated Gas unit — a key cash cow since this year’s acquisition of BG Group Plc — will take over from Simon Henry in March. Having been at the oil major for 12 years, exclusively in finance, she has “in-depth knowledge” to execute its cash-generation plans, according to Shell. 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.