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Bidness Etc

IF SHELL FINDS OIL IN CHUKCHI SEA, WHAT NEXT?

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Screen Shot 2015-06-13 at 09.26.5318 September 2015

The short drilling season for oil exploration in U.S. Arctic offshore waters will reach one stopping point Sept. 28 and a complete halt Oct. 31 for Royal Dutch Shell Plc. The company has been drilling since July 30 at the Burger prospect in the Chukchi Sea north of Alaska. If oil is discovered, it will require some very interesting and complicated development decisions and regulatory considerations.

Shell has come a long way to get this far. It acquired a set of leases over the Burger prospect in 2008 and has spent about $7 billion on trying to develop the leases. Shell, operating through its subsidiary Shell Gulf of Mexico Inc., did not report a discovery from the well it drilled in 2012, and no one has ever yet discovered oil in the Chukchi — not oil in commercial quantities, at any rate. A dry hole is always a possibility. 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.

Actors join campaign to draw attention to Arctic issue

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Screen Shot 2015-08-29 at 23.17.56By DAN JOLING: 18 Sept 2015

ANCHORAGE, Alaska (AP) — Critics of Arctic offshore petroleum drilling have used climbing gear, kayaks and polar bear costumes to protest industrial activity in the Arctic. They’re now trying humor.

Actors Alexander Skarsgard of “True Blood” and Jack McBrayer of “30 Rock,” along with Andy Bichlbaum of “The Yes Men” activists, are on a Greenpeace ship in the Greenland Sea with a team from the Funny or Die production company to make a comedy series focused on industrial threats to the Arctic. 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.

How to Invest in Arctic Developments After Obama’s Alaska Trip

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Arctic developments have great potential, but are they worth the risks?

By Debbie CarlsonSept. 7, 2015

As climate change melts some of the Arctic’s permafrost, natural resource companies and shippers are eyeing the potential to develop a region that is receiving renewed public attention from President Barack Obama’s trip to Alaska.

According to global management consulting firm A.T. Kearney’s Global Business Policy Council, worldwide investment in the region could reach $100 billion over the next decade. The Northwest Passage and Northern Sea Route could potentially decrease travel times between the U.S., Europe and Asia by 40 percent, while the value of hydrocarbon deposits – crude oil and natural gas – located in the U.S. Arctic alone could exceed $1 trillion. The region is also home to rich metal deposits. 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 AND EXXON TO COMPENSATE DUTCH EARTHQUAKE VICTIMS

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By: MICHEAL KAUFMANSep 3, 2015

A Dutch court has ruled that Nederlandse Aardolie Maatschaapij BV (NAM), a joint venture of Exxon Mobil Corporation (NYSE:XOM) and Royal Dutch Shell plc (ADR) (NYSE:RDS.A), must compensate those affected by the earthquakes near the Groningen gas field, one of the biggest natural gas reserves in the world.

The Dutch court found NAM responsible for earthquakes in the region. Wall Street Journal (WSJ) reported industry experts as saying that the pumping of the field has deflated the gas reservoir below the surface, causing pressure build-ups and sudden jolts in the area. 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.

Exxon Mobil Corporation, Chevron Corporation, BP And Royal Dutch Shell Face Challenging Dividend Environment

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Bidness Etc sheds light on the challenges for companies like Exxon, Chevron, BP, Royal Dutch Shell, and Total SA in sustaining dividend payouts amidst depressed crude oil prices

By: MICHEAL KAUFMANSep 1, 2015 

Crude prices have dropped more than 50% since the highs of June last year, following weak Chinese demand and a global supply glut. Oil companies are already feeling the heat and it will be a challenge for them to maintain dividends in the current scenario.

What is more, the past week saw further deterioration in the market, and the West Texas Intermediate (WTI) plunged into the high 30s following the devaluation of the Chinese yuan. Monday, August 24 saw a global market sell-off and almost all major indexes declined. 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 Arctic Drilling Plans

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By: MICHEAL KAUFMANSep 1, 2015

Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) drilling operations in the Arctic had been temporarily halted due to adverse weather conditions in the region. The company has now resumed part of its operations and has also indicated that drilling plans will continue in full swing once the company completes a comprehensive system check on its operations.

This is the first time since 2012 when Shell will resume operations in the Arctic. Shell halted drilling in the region when its Kulluk rig went aground. At that time, the company was blamed for not fully assessing the situation and failing to evaluate the risks associated with drilling in the Arctic region. 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.

Obama on Climate Change: Act Now or Condemn World to a Nightmare

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by HALIMAH ABDULLAH and M. ALEX JOHNSON: NEWS SEP 1 2015

In a forceful address, Obama opened the “GLACIER” conference in Anchorage, Alaska, by declaring: “We are not moving fast enough. None of the nations represented here are moving fast enough.”

Just weeks ago, Obama gave final approval to Shell Oil’s drilling in the Alaskan Arctic for the first time in 20 years — a move that raised the hackles of environmentalists, who accused his administration of hypocrisy. 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.

Obama’s Alaska Visit Puts Climate, Not Energy, in Forefront

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By JULIE HIRSCHFELD DAVIS: AUG. 31, 2015

WASHINGTON — President Obama will travel to Alaska on Monday to call for urgent and aggressive action to tackle climate change, capitalizing on a poignant tableau of melting glaciers, crumbling permafrost and rising sea levels to illustrate the immediacy of an issue he hopes to make a central element of his legacy.

But during a three-day trip choreographed to lend spectacular visuals and real-world examples to Mr. Obama’s message on global warming, he will pay little heed to the oil and gas drilling offshore that he allowed to go forward just this month, a move that activists say is an unsavory blot on an otherwise ambitious climate record. 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.

President Obama Defends Shell Arctic Drilling Decision

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By: MICHEAL KAUFMAN: Aug 29, 2015 

Critics argue that allowing Shell to explore Arctic for oil goes against the country’s stance on climate change

President Obama has defended his decision to grant approval for drilling in the Arctic region, ahead of his trip to Alaska. Royal Dutch Shell plc (ADR) (NYSE:RDS.A) had been seeking the US government’s permission to conduct oil exploration in offshore Arctic. Last month, Shell was granted permission to drill a well off the coast of Alaska. The decision has been criticized heavily, as environmentalists have been quick to point out the risks associated with drilling in the Arctic.

President Obama’s Clean Power Plan, announced earlier this month, has also come in the line of fire. The plan, which calls for a 32% reduction in carbon emissions from power plants in the US, is aimed at reducing the country’s carbon footprint, as the US tries to lead the charge in the battle against climate change. Critics argue that allowing Shell to explore Arctic for oil goes against the country’s stance on climate change. 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.

Why Royal Dutch Shell plc Is Facing Resistance In Canada

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By: MICHEAL KAUFMAN: Aug 28, 2015 

Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) drilling in Canada will be coming in for resistance, as reported by the Guardian. The drilling plan in Nova Scotia’s southern shore has been approved by the country’s Environment Minister and is under the Canada-Nova Scotia Offshore Petroleum Board’s review.

The Canadian Environment Ministry has been criticized for not for reviewing strategic projects properly and for disregarding public opinion. People are not happy with Environment Minister’s decision to allow 21 days to cap any oil spill, when in the US, only 24 hours are allowed. 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.

Why Shell Announced Force Majeure On Nigerian Bonny Crude Export

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By: MICHEAL KAUFMANAug 28, 2015

On Thursday, August 27, Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) Nigerian unit closed down its two crude pipeline and declared “force majeure” on export of Bonny Light crude, as reported by Reuters.

The Hague-based company closed the Trans Niger Pipeline at Oloma because of a leakage in the pipeline. The company closed down its Nembe Creek Trunkline to stop theft and vandalism of crude oil in the vicinity. Furthermore, the company is working on the maintenance of the pipeline. However, it did not state any timeline for restarting its operation. 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.

Impact of Global Sell-Off on Shell-BG Group Deal

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Screen Shot 2015-08-25 at 13.53.52By: MICHEAL KAUFMANAug 25, 2015

Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) earlier this year finalized its $70 billion merger deal with BG Group plc. (ADR) (NYSE:BRGYY). The cash-and-stock deal valued BG at $20 per share. Shell, based on BG’s stock price on April 7, agreed on paying a 50% premium. However, as yesterday’s sell-off and grim crude oil prices are factored into the mix, it appears that the deal, among many others, may fall apart.

BG stock slipped 6.78% to close Monday’s trading session at $14.71 per share. The spread for the deal reached its highest level on Monday. Shell looks forward to acquiring BG’s Liquefied Natural Gas (LNG) assets. The company is also interested in the acquisition so as to take advantage of the opportunity to enter new markets. 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.

Latest On Royal Dutch Shell Arctic Drilling Plan

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Bidness Etc discusses when Shell can resume drilling in the Arctic and analyses the problems it faces

By: MICHEAL KAUFMANPublished: Aug 11, 2015

Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) is ready to begin drilling in the Arctic. The US Bureau of Safety and Environmental Enforcement had previously banned the company from drilling at certain petroleum sites.

While the company was scheduled to begin drilling on July 30, some equipment used to control a well blowout that was being carried by a safety vessel suffered damage and was sent back for repairs, delaying the project. Shell’s experience in the Arctic has not been that great. Three years ago the company saw one of its rigs come ashore, causing damage to the environment. 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.

Chevron Corporation, Royal Dutch Shell Plc & Other Oil Co.s Have Lost $1.3 Trillion Since Last Year

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By: MICHEAL KAUFMAN: Aug 5, 2015

As the global benchmark of crude, Brent currently hovers around $50 per barrel. Meanwhile, the oil and gas industry has lost $1.30 trillion of its value this year, and this eroded value equals the annual gross domestic product (GDP) of Mexico. The combined market capitalization of 157 listed oil and exploration and production (E&P) companies in North America has dropped from $3.80 trillion last June to around $2.50 trillion this July, marking a decline of 34.20%.

The crude prices have dropped more than 50% since last June, as they fell from $114 to around $50. The declining oil prices have forced oil companies, including Royal Dutch Shell plc (ADR) (NYSE:RDS.A), Total SA (ADR) (NYSE:TOT), and BP plc (ADR) (NYSE:BP) to cut their spending, as BP has started testing projects that will give it a profit of $60 per barrel. Total keeps the price outlook at $70, while Shell keeps it at between $70-110. 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.

Choose Shell Over Greenpeace For Arctic Oil And Natural Gas

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Jude Clemente2 August 2015

Greenpeace’s ongoing attack on Royal Dutch Shell is a concern for energy resource and thus human development around the world. It failed, but Greenpeace just tried to stop Shell’s icebreaker from leaving port in Portland, Oregon, in the hopes of blocking Shell’s drilling plans in the Arctic. Greenpeacers dangled from ropes off St. Johns Bridge to stop the Arctic drilling ship. A federal judge in Alaska ordered Greenpeace to pay $2,500 for every hour that protesters block the icebreaker from leaving Portland. 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, Eni say look to return to Iran

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Fri Jul 31, 2015

Royal Dutch Shell and Italy’s largest oil producer Eni say they are looking to return to projects in Iran’s upstream oil and gas sectors. 

“For us, (Iran) is a huge gas province so it would be good to be there — in conventional gas — at the right terms,” Shell’s financial chief Simon Henry said in London.

The company has a history of activities in Iran’s upstream projects, including in South Pars, but the firm pulled out of the world’s largest gas field’s Phase 13 development in 2008.    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.

Damaged Shell icebreaker arrives in Oregon for repairs

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Screen Shot 2015-06-13 at 09.26.53By – Associated Press – Saturday, July 25, 2015

PORTLAND, Ore. (AP) – Authorities say the Fennica, a vessel that Royal Dutch Shell PLC plans to use in its Arctic offshore drilling project, has arrived in Oregon for repairs.

Portland Police officials said the 380-foot icebreaker arrived at a Swan Island dry dock about 3 a.m. Saturday. The icebreaker is a key part of Shell’s exploration and spill response plan off Alaska’s northwest coast – it protects Shell’s fleet from ice and carries equipment that can stop gushing oil.

The Fennica was damaged earlier this month in the Aleutian Islands when it struck an underwater obstruction, tearing a gash in its hull. 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 gets permits necessary for limited oil exploratory drilling off Alaska’s northwest coast

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Screen Shot 2015-06-13 at 09.26.53Associated Press: July 22, 2015 | 4:29 p.m. EDT

WASHINGTON (AP) — The Obama administration has given Royal Dutch Shell PLC approval to begin limited exploratory oil drilling off Alaska’s northwest coast.

The two permits issued Wednesday clear the way for drilling in Chukchi Sea, but with conditions.

Shell can only drill the top sections of wells because the company doesn’t have on site the critical emergency response equipment to cap the well in case of a leak. That equipment is aboard a ship headed to Portland, Oregon, for repairs. 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.

Here’s Why Royal Dutch Shell plc Was Downgraded By S&P

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According to S&P, the softness in crude oil prices and significant capital expenditures, despite recent spending cuts, have weakened Shell’s financial risk profile, which is reflected in the ratings downgrade.

By: MICHEAL KAUFMAN: Jul 22, 2015 

Standard & Poor’s (S&P) has downgraded the credit rating of European oil major Royal Dutch Shell plc (ADR) (NYSE:RDS.A) by one notch, according to a note released Tuesday. The credit rating agency has lowered the long-term corporate credit rating for Shell from AA to AA-, while affirming a short-term rating of A-1+.

“We removed the long- and short-term ratings from CreditWatch, where we placed them with negative implications on April 9, 2015,” S&P said in the note. According to S&P, the softness in crude oil prices and significant capital expenditures, despite recent spending cuts, have weakened Shell’s financial risk profile, which is reflected in the ratings downgrade. 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 expects to save “billions” through BG Group deal

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Royal Dutch Shell has told investors that the massive £55bn takeover of BG Group will produce “billions” in savings.

Projected savings from cost reductions verifiable under takeover rules, such as merging headquarters, come to about £1bn, but the company has said that savings are actually likely to be a “multiple” of this, because of “value synergies” that are difficult to quantify, the Financial Times reports.

Read more: Four things you need to know about the takeover deal

The merger, which makes history as the 14th biggest takeover ever, is likely to be just the beginning of takeovers in the industry, as oil producers have been hit hard by falling 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.

Barrow, a town divided over Shell’s drilling

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Krista Langlois | High Country News: July 19, 2015

BARROW — As Royal Dutch Shell’s massive drill rig, the Polar Pioneer, chugs its way up the Alaska coast, the 4,700 residents of America’s northernmost town was focused on a different event: the annual Nalukataq festival, in which the entire community shares in the bounty of a successful whaling season, with 16 crews landing whales. Nalukataq is a time for celebration, but the national controversy that’s unfolded in recent months surrounding Shell’s plans to drill exploratory wells this summer in the Arctic Ocean loomed over the festival.  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 Rigs Leave Dutch for Chukchi, To Wait

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Screen Shot 2015-06-13 at 09.26.53By Liz Ruskin, APRN | July 17, 2015

Shell is still moving its ships and equipment into the Arctic, even as one of its icebreakers prepares to head back south for repairs. The unexpected crack in the hull of the ship called the Fennica has added a measure of uncertainty to the start of the short Arctic drilling season.

This week both of Shell’s Arctic drill rigs, the Noble Discoverer and the Polar Pioneer, left Dutch Harbor to begin the thousand-mile trip to the Chukchi Sea. Shell Spokeswoman Megan Baldino says the plan, for now, is to get there and wait. 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.

Here’s How Shell Can Restart Its Tar Sands Projects In Canada

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By: MICHEAL KAUFMAN

Exploring for new oil has now become a difficult task for the oil majors. Oil and gas are now mostly situated in the deep-waters, Canadian tar sands and the Arctic waters where the cost of exploration and production is very high. These high costs coupled with the lower crude oil prices make the task difficult for oil companies.

Crude oil prices last week fell again following claims by Iran to double its production if a nuclear deal was reached. The US benchmark for crude oil, West Texas Intermediate (WTI) which had gone high at $60 per barrel, has plunged again to less than $45 per barrel. 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 Confirms Deal With Morgan Stanley: Shares Up 2%

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By: MICHEAL KAUFMANJul 11, 2015

Royal Dutch Shell plc (NYSE:RDS.A) plans to establish a strong footing in the natural gas sector. In April 2015, the company finalized its $70-billion deal with BG Group plc (OTCMKTS:BRGYY). If approved by the regulatory authorities, the merger will give Shell access to BG Group’s valuable assets in Brazil and several other countries.

According to Reuters, Shell has purchased the European gas and power trading book from Morgan Stanley (NYSE:MS). The acquisition is expected to help the company achieve a strong footing in gas industry. In addition to the BG deal, the company is also colluding with Russia’s Gazprom OAO (OTCMKTS:OGZPY). Currently, Gazprom is considered the world’s top gas producer. 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.

Brazil clears Shell’s $70 bln purchase of BG

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Brazil clears Shell’s $70 bln purchase of BG

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By Ron Bousso and Stephen Eisenhammer

(Reuters) – Brazil gave the green light to oil major Royal Dutch Shell to buy smaller rival BG, advancing the $70 billion merger — the largest of the past decade — closer to completion in early 2016.

Shell is set to become the largest foreign operator offshore Brazil after it buys BG, so the clearance from the country was a crucial step to complete the merger on time.

Brazil’s competition authority CADE said on Wednesday it had given preliminary approval to the transaction “without restrictions.” BG said that if no appeals were lodged or referrals made in the next 15 days, CADE’s clearance would become final. A spokesman for Shell confirmed the approval and the 15-day appeals period. 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 CEO Blames Saudi Arabia For Slowed US Shale Growth

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Bidness Etc takes a look at how Saudi Arabia led to slowed growth of the US shale oil industry

By: MICHEAL KAUFMANPublished: Jul 2, 2015 at 9:37 am EST

The Organization of Petroleum Exporting Countries (OPEC), led by Saud Arabia, usually monitors the crude oil supplies and prices prevailing in the market. The US energy companies have begun using hydraulic fracturing techniques, which allow US drillers to drill deeper into the surface, and extract more oil. Therefore, crude oil output has risen substantially.

On the other hand, the OPEC refused to play its role as a price regulator last year. On November 27, the cartel decided to maintain output at 30 million barrels of oil per day. Prices that once traded at $115 per barrel fell to $60 per barrel. The price decline was also due to reduced global crude oil demand. 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 Secures New Authorization in Pursuing Arctic Drilling

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Shell Secures New Authorization in Pursuing Arctic Drilling

JUNEAU, Alaska — Jun 30, 2015: By BECKY BOHRER Associated Press

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Royal Dutch Shell has secured another federal authorization as it pursues plans to drill exploration wells in the Arctic waters off the Alaska coast.

The U.S. Fish and Wildlife Service on Tuesday issued a letter of authorization allowing for the possible harassment of polar bears and Pacific walrus incidental to Shell’s drilling program work. Intentional harassment is not permitted.

The authorization includes measures that Shell must take to minimize the effect of its work on the animals, including a minimum spacing of 15 miles between all drill rigs or seismic survey vessels, something conservation groups had sought. Nonetheless, some of those groups still called on President Barack Obama’s administration to stop Arctic drilling. 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 Seeks Funding For Carbon Capture Project

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By: MICHEAL KAUFMAN: Jun 29, 2015 

Global warming concerns have been receiving more and more media attention, as major oil companies also plan to address the issue, considering its potentially adverse effect on the environment.

Goldeneye, an abandoned offshore natural gas production platform that is connected to the Scottish coast via a 100 kilometer long pipeline, could soon be used to deposit carbon dioxide well below the Earth’s surface. Once operated by Royal Dutch Shell plc (ADR) (NYSE:RDS.A), the project could become the world’s first carbon capture and storage (CCS) project that uses a power station, fuelled by natural gas. The European energy major is looking to the UK government to release one billion GBP in funds for the company to develop the project, the Financial Times has reported. 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 Heads for Alaska While Awaiting Final Drilling Permits

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Screen Shot 2015-06-13 at 09.26.53ANCHORAGE, Alaska — Jun 26, 2015, 3:42 PM ET

By DAN JOLING Associated Press

One Royal Dutch Shell offshore drill rig is headed to Alaska and a second is poised to leave, despite lacking final federal permits that would allow exploratory drilling and possible confirmation of rich oil reserves under the Chukchi Sea.

A spokesman for Royal Dutch Shell PLC said that’s routine. But an attorney for Oceana, one of dozens of groups objecting to Arctic offshore drilling, said seeing Shell’s flotilla sail north puts pressure on federal agencies to sign off on the permits. 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.

Exxon Mobil Corporation, Royal Dutch Shell Dealt A Blow As Dutch Govt. Cuts Groningen Production

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Screen Shot 2015-06-05 at 21.03.05Exxon Mobil Corporation, Royal Dutch Shell Dealt A Blow As Dutch Govt. Cuts Groningen Production

The Dutch government has decided to cut production from its Groningen gas field after a series of earthquakes led to heightened safety concerns

By: MICHEAL KAUFMANPublished: Jun 24, 2015

Responding to a series of earthquakes in the northern parts of Netherlands, the Dutch government has decided to slash the gas production at the gas field in Groningen, according to Reuters.

Production at Holland’s Groningen oil field, the biggest of its kind in Europe, will be restricted to 30 billion cubic metres (bcm) for the calendar year 2015, according to the country’s Economy Minister, Henk Kamp. The government had previously planned production of 39.4 bcm during the current year. read more

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Shell’s Arctic drilling plans may hit permitting snag

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June 23, 2015 | By Jennifer A. Dlouhy

WASHINGTON — Shell’s plans to bore two wells in the Arctic Ocean this summer may be jeopardized by an obscure permitting requirement that effectively bars drilling operations close to each other in waters off Alaska.

The restriction highlighted by environmentalists opposed to Shell’s Arctic drilling campaign could be a major stumbling block for the company, which has spent $7 billion and seven years pursuing oil in the region.

The provision is embedded in the government’s rules for obtaining a “letter of authorization” allowing companies to disturb walruses, seals and other animals in the region — among the last permits Shell needs to launch activities in the Chukchi Sea next month. Under a 2013 Fish and Wildlife Service regulation, those authorizations are precluded for drilling activities happening within 15 miles of each other. read more

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Shell’s blowout response tests hailed a success

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Written by Keith Findlay – 19/06/2015 5:02 pm

Royal Dutch Shell has successfully used and tested emergency equipment meant to respond to a well blowout in the Arctic Ocean, US regulators said today.

Officials with the Interior Department’s Bureau of Safety and Environmental Enforcement oversaw exercises, carried out on Tuesday and Wednesday in waters near Washington state.

They focused on Shell’s capping stack, designed to sit atop a damaged well and choke off flowing oil and gas. read more

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Government hides fears over Shell’s Arctic spill safety

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Government hides fears over Shell’s Arctic spill safety

Christine Ottery / Greenpeace Energydesk: 19 June 2015

As Shell’s Polar Pioneer drilling rig sails from Seattle into the north Pacific, Christine Ottery discovers that US federal regulators had serious concerns about the company’s safety equipment designed to contain any oil spill.

A US government department hid its concerns about Shell’s test of its containment dome system, which would be deployed if there was an oil well blowout.

Earlier this year, the US Bureau of Safety and Environmental Enforcement (BSEE) said that the March 2015 test of the dome in the waters of Puget Sound, off the Washington coast, was “successful”. read more

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Shell-BG $70 billion deal crosses key milestone with U.S. clearance

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Shell-BG $70 billion deal crosses key milestone with U.S. clearance

LONDON | BY RON BOUSSO: Tuesday Jun 16, 2015 

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U.S. regulators have given the green light for Royal Dutch Shell’s (RDSa.L) proposed $70 billion acquisition of British rival BG Group (BG.L), the first clearance for the biggest deal in the energy sector in over a decade.

The two companies said on Tuesday the United States Federal Trade Commission (FTC) had cleared the deal.

The deal, which the companies aim to complete by early 2016, will require further regulatory clearances from all the countries BG operates in, including the European Union, China, Australia and Brazil. read more

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Royal Dutch Shell Delivers Latest Blow To European Shale

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Royal Dutch Shell may be looking to exit Ukrainian shale as conditions in the region have prompted a delay

Royal Dutch Shell Plc (ADR) (NYSE:RDS.A) has delivered the latest blow to European shale, as it considers withdrawal from its last Ukrainian exploration well.

With Nadra Yuzivska as its partner, the European oil major signed a production sharing agreement (PSA) to explore the Yuzivska shale gas field, which was discovered in 2010.

However, the recent conflict between Russia and Ukraine has prompted Shell to put the project on hold for almost a year, as it has not been able to fulfill its commitments for the Yuzivska project. read more

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Royal Dutch Shell Arctic Challenger Sets Sail for Alaska

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Bidness Etc takes a look at the first vessel in Shell’s Arctic drilling fleet setting off for Alaska

By: MICHEAL KAUFMAN: Jun 12, 2015 

According to oil giant Royal Dutch Shell plc (ADR) (NYSE:RDS.A) the first vessel in its Arctic drilling fleet, The Arctic Challenger, has set sail from Washington state to Alaska. The fleet intends to conduct exploration for oil and gas in the Arctic region in the summer season. Shell spokeswoman Megan Baldino informed that The Arctic Challenger had departed Bellingham for the Dutch Harbor in Unalaska off mainland Alaska, Reuters reports. There are several support vessels that will head for the Arctic region, along with drilling rigs to explore for oil in July. The drilling will take place in the Chukchi and Beaufort Seas. read more

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ACCC kicks of inquiry into Shell’s BG Group takeover

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ACCC kicks of inquiry into Shell’s BG Group takeover

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Angela Macdonald-SmithEnergy Reporter:Published 12 June 2015

The national competition watchdog has kicked off an examination of Royal Dutch Shell’s proposed $90 billion takeover of BG Group, with the focus set to land on the impact of further consolidation on the east coast market where manufacturers are already struggling to source long-term supplies.

Incitec Pivot managing director James Fazzino has already declared he will voice his concerns over the mammoth deal to the Australian Competition and Consumer Commission, noting last month that “the industry doesn’t need more consolidation.” read more

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Royal Dutch Shell stock has fallen by over 26% in the last year

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By: MICHEAL KAUFMANPublished: Jun 10, 2015 

The stock for Royal Dutch Shell Plc. (ADR) (NYSE:RDS.A) has fallen by over 26% in the last one year. The S&P 500 during the same period rose by 6.71%. The decline in the stock prices of energy companies has been a norm. Over the last one year, crude oil prices have fallen more than 40% owing to an excess crude supply in the market. While the lower crude oil prices have bolstered the downstream business segment of oil companies, the upstream business segment has suffered immensely. read more

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Mars joins BP and Shell in opposing European financial market regs – FT

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Screen Shot 2015-05-21 at 21.01.20NEW YORK: 7 JUNE 2015

Confectionery company Mars Inc has joined oil companies BP Plc and Royal Dutch Shell Plc to oppose planned new European financial market regulations, arguing that they would increase volatility and reduce liquidity in raw materials markets, according to a report by the Financial Times on Sunday.

The companies, along with the European Cocoa Association, as well as commodity trader Vitol, have signed a letter to the European Commission noting a “significant unintended risk of damaging the markets”, the report said. The firms argued that this would in turn push up the price of consumer goods ranging from food to energy. read more

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Will China’s Ministry Of Commerce Block Shell-BG Deal?

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Jun. 4, 2015 3:15 PM ET

Will China’s Ministry Of Commerce Block Shell-BG Deal?

Summary

  • Shell-BG deal is likely to face most scrutiny in China.
  • MOFCOM is likely to approve the merger with conditions.
  • These conditions could involve both structural and behavioral remedies.

Ever since Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) announced to acquire BG Group’s (OTCPK:BRGXF) natural gas assets and deep-water oil fields in a $70 billion deal, there have been concerns that the deal may be delayed, if not blocked, due to prolonged scrutiny from regulators around the world. While the deal could face potential hurdles in EU, Australia, China, and Brazil, I think it is unlikely to be blocked by any country. However, I think China is likely to raise majority of the concerns and therefore, I’m going to focus on China in this article. read more

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Did Royal Dutch Shell Try To Manipulate Science Museum Climate Program?

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By: MICHEAL KAUFMANPublished: Jun 1, 2015

According to internal documents seen by The Guardian, questions are raised over whether Royal Dutch Shell plc (ADR) (NYSE:RDS.A) attempted to steer the course of the presentation of a climate change program that the oil giant was sponsoring at the Science Museum in London. The company questioned the museum over a section of the project that provides non-governmental organizations (NGOs) a chance to highlight issues that are of concern to them pertaining to Shell’s operations. read more

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Royal Dutch Shell, BP plc Seek UN Support Over Carbon Pricing

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By: MICHEAL KAUFMAN: Published: Jun 1, 2015

Major oil exploration and production companies in Europe are coming together to seek the United Nations’ support for the first time, in putting forward a plan that will apply brakes to global warming.

As pressure mounts on oil companies over concerns of climate change, company executives have moved to hold direct talks with government officials ahead of a UN meeting, scheduled to take place in December this year in Paris, the Financial Times (FT) reported on Sunday. read more

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Shell-BG Group Deal Faces Hurdle From Chinese ‘Black Box’ Regulator

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By: MICHEAL KAUFMANPublished: May 29, 2015

Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) deal to acquire the UK-based BG Group (OTCMKTS:BRGYY) that is already at a risk of facing numerous obstacles, including volatility in the crude oil prices and a risk of a competitor outbidding Shell’s bid.

Meanwhile, when the deal is already hovering around such sensitive issues, the Financial Times (FT) has reported the latest hurdle that might hinder the course of the deal. This one is considered to be the biggest of all hurdles, the entry of China’s Ministry of Commerce (MOFCOM), termed as ‘black box’ by one of the competition lawyer, to conduct a regulatory scrutiny of the deal. read more

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Shell Has Got Its Climate Policy Wrong: Economist Nick Stern

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By: MICHEAL KAUFMANPublished: May 29, 2015 

At the Guardian Business debate on divestment in Kings Place, London, prominent Economist Nick Stern said that Royal Dutch Shell plc (ADR) (NYSE:RDS.A) wants investors to bet against the world taking action on climate change. He said that the oil giant and other hydrocarbon companies were pulling in the wrong direction, on the progress that will be made in renewable technology in the coming two-three decades.

He was of the view that despite hydrocarbon companies like Shell saying that the policies that will keep global warming to 2C will not be adhered to, they had to tell those energy companies that their forecasts were wrong. He said that they had to try to get the people to make sure that those policies will be implemented. read more

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Shell Elects Huibert Vigeveno To Lead BG Group Merger

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By: MICHEAL KAUFMANMay 29, 2015 

European oil giant Royal Dutch Shell Plc (ADR) (NYSE:RDS.A) has elected the head of its Chinese operations to lead the company’s planned merger with UK-based natural gas company, BG Group Plc (ADR) (OTCMKTS:BRGYY), as it seeks approval from regulatory authorities in several countries.

Earlier this week, the oil company told its senior executives that it has elected Huibert Vigeveno, executive chairman for Shell’s Chinese operations, to spearhead the deal with BG Group, according to a report by Sky News. Mr. Vigevena, who will hold the position of executive VP for integration, will see his appointment become effective in August. read more

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Shell Names China Boss To Key BG Merger Post

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Huibert Vigeveno is to lead the integration of FTSE-100 giants Shell and BG after their mega-merger, Sky News learns.

By Mark Kleinman, City Editor: Thursday 28 May 2015

The head of Royal Dutch Shell’s operations in China is to spearhead the oil major’s integration with BG Group as the industry’s biggest-ever takeover inches forward.

Sky News understands that Shell informed senior managers this week that it was naming Huibert Vigeveno, its executive chairman for China, as executive vice-president for integration, with the appointment due to take effect at the beginning of August.

The role being handed to Mr Vigeveno, a long-serving Shell executive, will be a crucial one. read more

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Shell faces what amounts to an almost existential crisis

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Analysts Downgrade Troubled Shell

Given Mornigstar’s view that long-term oil prices will be well below $100 going forward, we don’t believe Shell’s has a lasting competitive advantage over its peers

Stephen Simko, CFA 27 May, 2015

Shell (RDSB) faces what amounts to an almost existential crisis: even when oil prices were $100 its portfolio was strewn with problems. Huge bets on shale destroyed huge amounts of capital, cost overruns on key projects such as the Motiva refinery, and a chronically poor-performing downstream all combined to leave the company with very weak returns on capital.

We have recently lowered our Shell fair value estimate to £20.50 per share from £21 per share to reflect what we believe was an overpayment with respect to its planned acquisition of BG Group. read more

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No Shell Arctic Oil Until 2030’s

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By: MICHEAL KAUFMANPublished: May 26, 2015 

Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) head of oil and gas production in Americas, Marvin Odum has told the Financial Times (FT) in an interview that the company’s Arctic drilling operations would take at least a decade to extract oil reserves, which would then be sent to production.

The leading executives dealing with this particular exploration project stated that there are enormous difficulties that the company is facing during the process of securing environmental approvals. Amid strong opposition from environmental groups, to obtain the needed approvals is taking longer than the expected time. read more

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Arctic Drilling Protests Greet Royal Dutch Shell Drilling Rigs In Seattle

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By: MICHEAL KAUFMANPublished: May 16, 2015 at 9:07 am EST

The protest by environmental groups and the people of Seattle against Royal Dutch Shell plc (ADR) (NYSE:RDS.A) move to dock its drilling rigs at the city’s port is growing by the day. The port of Seattle had earlier decided to grant access to Shell’s Arctic drilling rigs.

As part of the lease agreement between the port of Seattle and shell subsidiary Foss maritime, the latter will service Shell’s Arctic drilling fleet for two years. On May 11, the US Bureau of Ocean Energy Management had given a conditional approval to the Anglo-Dutch company to conduct oil exploration in the Arctic. read more

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Royal Dutch Shell Oil Rigs To Be Confronted By ‘Festival Of Resistance’

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By: MICHEAL KAUFMANPublished: May 14, 2015 

Environmentalists have planned to confront Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) oil rigs, which are set to arrive at Seattle’s port this week. The oil company plans to use them in the Arctic later this year.

Shell has been planning to go back to the Arctic, in pursuit of the vast oil resources in the region. However, the oil giant has faced severe opposition from environmental groups, who argue that the company lacks the ability to clean up any potential disasters.

In the latest hurdle to Shell’s Arctic plans, environmentalists have organized the “festival of resistance”, a three-day event that would include confronting the oil company’s drilling rigs as they are on their way to Seattle. The festival, set to start on Saturday, would see environmentalists approach the rigs, when they reach Elliott Bay. read more

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