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Posts Tagged ‘Brazil’

Brazil’s Cosan sees better ethanol returns as prices improve

AUGUST 10, 2017 / 5:02 PM

By Marcelo Teixeira

SAO PAULO, Aug 10 (Reuters) – Cosan SA Indústria e Comércio expects ethanol sales to yield better returns than sugar across some Brazilian states, a factor that may prompt one of the country’s largest energy and infrastructure companies to fine-tune its current output mix.

Raízen Energia, a 50-50 joint venture between Cosan and Royal Dutch Shell Plc that is the world’s No. 1 sugar producer, could adjust the amount of sugar and ethanol it produces if price conditions for the biofuel improves, Cosan’s investor relations head Paula Kovarsky said on a conference call on Thursday.

Raízen earmarked 57 percent of cane to sugar production in the second quarter, higher than the 55 percent it did a year ago. Simultaneously, Raízen has reduced sugar hedging on an annual basis on hopes of a mid-term recovery in international prices, she added. read more

Shell delivers more Brazil deep-water production from Parque das Conchas

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HOUSTON, Mar 14, 2016 (PR Newswire Europe via COMTEX) — Third phase of major deep-water project delivered, optimizing production capacity

HOUSTON, March 14, 2016 /PRNewswire/ — Shell and its joint venture announce the start of oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil’s Campos Basin. Production for this final phase of the project is expected to add up to 20,000 barrels of oil equivalent per day (boe/d), at peak production, from fields that have already produced more than 100-million barrels since 2009. read more

Is Royal Dutch Shell plc (ADR), BG Group plc (BRGYY) Merger Under Threat?

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By: Micheal KaufmanOct 22, 2015

Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) and BG Group plc.’s (ADR) (OTCMKTS:BRGYY) merger is faced with another setback, as the Australian antitrust regulator, Australian Competition and Consumer Commission (ACCC) now expects to make a decision by November 19. The commission announced on October 22, that the additional time will allow a more detailed review of the proposed acquisition.

The ACCC, earlier in September, had indicated that it will disclose its decision on the merger after two months. However, the regulatory authority has now decided to delay it by another two weeks. The delay in September had come amid ACCC’s concerns of Shell and BG’s overlapping businesses in Eastern Australia, which may limit competition. read more

Market Skeptics Miss Out on $5.5 Billion From Biggest 2015 Deal

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By Inyoung Hwang: BLOOMBERG.COM 22 Sept 2015

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A fresh drop in in oil prices and political instability in Brazil is making investors miss out on about $5.5 billion in Royal Dutch Shell Plc’s pending takeover of BG Group Plc.

BG closed on Monday at 990.4 pence, about 9.5 percent below Shell’s cash-and-stock offer. The difference in share prices in the deal — the largest in the energy sector in at least a decade — is wider than the average for other global acquisitions bigger than $10 billion, data compiled by Bloomberg show. read more

Shell aims to invest billions in Brazil

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Friday, 7 August 2015

Royal Dutch Shell is considering investing billions in Brazil, set to become a focal point after the planned acquisition of BG Group, even as it prepares to sell huge chunks of its business to pay for the $70bn (£45.11bn) deal.

Despite a broad drive to cut spending in the face of persistently low oil prices, chief executive Ben Van Beurden remains steadfast in his plans to buy BG, which will transform Shell into the world’s biggest liquefied natural gas (LNG) supplier. read more

Shell-BG merger approved by Brazil

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THE HAGUE, July 24, 2015 /PRNewswire/ —

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Royal Dutch Shell plc (“Shell”) (NYSE: RDS.A) (NYSE: RDS.B) today announced that its recommended combination with BG Group plc (“BG”) has received unconditional merger clearance from the Brazilian competition authority (CADE), satisfying the first of the pre-conditions to the combination. Other pre-conditions include merger clearances in Australia, China and Europe. read more

Petrobras scandal looms large in Shell’s plan to buy BG Group

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As Royal Dutch Shell seeks to finalise its £55bn takeover of smaller UK-based rival BG Group, it will be closely watching the situation at Petrobras, Brazil’s state-controlled oil company that is engulfed in scandal.

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FULL ARTICLE WITH WORKING LINKS

Shell Sees Petrobras Emerging Stronger From Corruption Scandal

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Screen Shot 2015-04-08 at 08.12.04By Mario Sergio Lima and Rachel Gamarski published by Bloomberg.com 23 April 2015

Royal Dutch Shell Plc, poised to become Brazil’s biggest oil producer after Petroleo Brasileiro SA, said the state-run driller will emerge strengthened from a corruption scandal and the industry’s biggest debt load.

Speaking to reporters in Brasilia after meeting with President Dilma Rousseff, Chief Executive Officer Ben Van Beurden said Brazil probably will account for 20 percent of Shell’s output by the end of the decade after its planned $70 billion purchase of BG Group Plc. The Hague-based company would consider further growth opportunities in the country if they arise, he said. read more

Shell’s Brazil strategy factors in Petrobras scandal -CEO

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Screen Shot 2015-04-08 at 08.12.04Shell’s Brazil strategy factors in Petrobras scandal -CEO

Thu Apr 23, 2015 7:04pm BST

(Reuters) – Royal Dutch Shell Plc has taken into account the risks presented by the Petrobras graft scandal to its expanding operations in Brazil and is confident the Brazilian state-run oil company will emerge stronger, Shell’s CEO said on Thursday.

Chief Executive Ben van Beurden said oil production from Brazil’s offshore subsalt region will remain profitable, and predicted that oil prices will rise from the low levels of the past six months.

Van Beurden briefed Brazilian President Dilma Rousseff for 1-1/2 hours on Thursday on his company’s operations in Brazil, where Shell is set to become the second-largest oil producer following its April 8 agreement to purchase rival BG Group. read more

SHELL TO ACQUIRE BG: IMPLICATIONS FOR THE NORTH SEA

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14 April 2015

Screen Shot 2015-04-08 at 08.12.04Shell announced an offer of a £47bn ($70bn) acquisition of BG in the second biggest oil and gas deal on record after Exxon and Mobil’s £51bn ($75.3bn) merger in 1998.  Shell and BG expect to make annual savings of £1.7bn ($2.5bn) and the combined company is estimated to be worth £180bn ($266bn). The transaction will create the largest independent LNG producer in the world forecast to produce nearly a fifth of global LNG supply in 2017-18. The other major prize for Shell is BG’s Brazilian oil portfolio of mean total reserves and resources amounting to 6 billion boe and gross production expected to peak at 2.6 million boepd. read more

Shell Betting Its Future On LNG

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Screen Shot 2015-04-08 at 08.12.04Article By Nick Cunningham published Sun, 12 April 2015 by OilPrice.com

Shell Betting Its Future On LNG

Could the largest energy deal in over a decade begin a new wave of mergers and acquisitions? Is LNG really the future? How Will ExxonMobil Respond? And perhaps more importantly, does the mega-deal between Royal Dutch Shell (RDS.A) and BG Group (LON: BG) portend the end of the bear market for oil?

Shell announced on April 8 that it agreed to buy BG Group for an eye-popping $70 billion.

The move was surprising, in the sense that a lot of companies in recent years have reined in their spending on high-cost projects outside of North America. Shell, in the midst of its own two-year $15 billion divestment campaign to shed unwanted assets, was thought to be trying to make itself leaner and meaner. Having passed on the U.S. shale revolution, it is interesting that Shell’s big splash once again avoided North America. read more

Royal Dutch Shell’s £47bn swoop on BG Group faces potential stumble over asset ownership

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By LAURA CHESTERS FOR THE DAILY MAIL

Screen Shot 2015-04-08 at 08.12.04Royal Dutch Shell’s swoop on BG Group will face a series of hurdles including competition fears and questions over the ownership of some of its newly acquired assets.

The £47billion acquisition of BG will make Shell the largest foreign oil company in Brazil – but there are concerns about its assets in the South American nation.

One of Shell’s main reasons to pounce on BG was its large holdings in Brazil. But many of the assets there are owned through joint ventures, which gives the partners first refusal to buy BG’s share in the projects if it is taken over. read more

Is Royal Dutch Shell Up For The Challenge?

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By: MICHEAL KAUFMANPublished: Apr 10, 2015 at 10:33 am EST

he energy sector’s mega deal between Royal Dutch Shell Plc (ADR) (NYSE:RDS.A) and BG Group Plc (ADR) (OTCMKTS:BRGYY) is now under close scrutiny by China and other countries, as well as by investors. When asked about the details of regulatory concerns, both parties refused to comment, says the Wall Street Journal. The merger has been valued at $70 billion.

The CEO of the Hague-based Anglo-Dutch company, Ben van Beurden and BG’s Chairman, Andrew Gould had claimed on Wednesday they didn’t expect any major regulatory issues, except from a few countries. Although they did they expected the completion to be delayed until early 2016 while regulatory matters were settled. read more

Inside Shell’s earnings report: Proof that the Saudis’ oil market strategy is working

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Screen Shot 2015-01-30 at 12.02.38By Puneet Kollipara January 29 at 5:43 PM

Saudi Arabia shocked the world last fall in breaking from its traditional mold of keeping oil production artificially low to prop up oil prices. Instead, the Saudis and other OPEC nations voted to keep oil output steady even in the face of a global supply surplus, a move seemingly designed to respond to the threat that the Saudis see from rising output from non-OPEC producers — from U.S. shale plays to Russia’s Arctic to Brazil’s deep offshore waters. read more

Shell stokes up its fire sale

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Bloomberg is reporting that Shell has agreed to sell its stake in the Bijupira and Salema fields in Brazil. This development is no doubt in response to the collapse in oil prices and is stoking up the fire sale instituted by CEO Ben van Beurden when Shell announced a profits warning a year ago.

Extract from Bloomberg article

Royal Dutch Shell Plc (RDSA), the second-largest oil operator in Brazil, is selling a stake in one of its oil-producing projects in the country to HRT Participacoes em Petroleo SA (HRTP3), two people with knowledge of the matter said.

HRT, based in Rio de Janeiro, agreed to buy Shell’s 80 percent stake in the Bijupira and Salema fields, an offshore venture that started production in 2003, the people said, asking not to be identified because the deal hasn’t been made public. HRT will boost production to more than 30,000 barrels a day with the purchase, one of the people said. read more

Shell Plans To Boost Ethanol Production In Brazil

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How Royal Dutch Shell Intends To Boost Ethanol Production In Brazil

Bidness Etc looks at the progress Shell is making in the joint-venture with with Cosan Limited to boost ethanol production in Brazil over the next ten years

By: MICHEAL KAUFMAN
Published: Dec 30, 2014 at 7:19 am EST

The joint-venture between Royal Dutch Shell plc (ADR) (NYSE:RDS.A) and Cosan Limited(USA) (NYSE:CZZ), called Raizen, plans to spend nearly $1 billion on building ethanol production facilities to increase its biofuel output by 50%, according to the Financial Times (FT).

Cosan Limited intends to build eight ethanol plants over the next ten years, for an estimated cost of $930 million (2.5 billion reais). The plants will produce cellulosic ethanol fuel using sugarcane waste as its primary raw material, the most efficient source of biofuel. The first of eight plants was completed last week, and has an annual capacity of 40 million liters. After the completion of all plants, the company expects biofuel output to increase 50%. read more

Glencore-Macquarie Said to Exit Race for Shell Australia Assets

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February 12, 2014

Screen Shot 2013-12-22 at 19.09.52Macquarie Group Ltd. (MQG) and Glencore Xstrata Plc (GLEN) dropped out of bidding for Royal Dutch Shell Plc (RDSA)’s Australian oil refinery and filling stations, according to four people with knowledge of the matter. The assets Shell is selling include storage terminals, filling stations and an oil refinery in Geelong, south of Melbourne. Shell is stepping up asset sales after new Chief Executive Officer Ben van Beurden promised last month to cut capital spending following the company’s first profit warning in a decade. read more

Brazil Says Shell Must Negotiate Encroaching Oil Reservoir

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Sabrina Lorenzi: Monday, January 27, 2014

RIO DE JANEIRO, Jan 27 (Reuters) – Brazil’s ANP oil regulator said Royal Dutch Shell needs to negotiate with the Brazilian government on an oil reservoir that exceeds the limits of the concession block it controls with France’s Total, according to an ANP document seen by Reuters on Monday. The oil reserve, located in Shell’s BM-S-54 block, encroaches on areas controlled by the Brazilian government that have not yet been auctioned. read more

Brazil’s Petrobras Completes $1.6 Billion Oil-Field Sale

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December 30, 2013

RIO DE JANEIRO–Brazilian state-run energy giant Petroleo Brasileiro SA, or Petrobras, said late Monday that it had completed the sale of a 35% stake in an offshore oil field to partners Royal Dutch Shell PLC and India’s ONGC Videsh.

With completion of the deal, Shell raises its stake to 73%…

FULL ARTICLE

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Shell Completes Acquisition of Additional 23% Interest in BC-10 Project

Tuesday, December 31, 2013

Royal Dutch Shell plc announced Monday that it has completed the acquisition of an additional 23 percent interest in the Parque das Conchas (BC-10) project offshore Brazil for $1 billion.

Regulatory approvals have been obtained and Shell will now hold a 73 percent operating interest. The purchase is effective Jan. 1. Partner ONGC, previously holding a 15 percent working interest, will now hold a 27 percent working interest. This purchase is the result of pre-empting a third party’s bid for Petrobras’ 35 percent interest in BC-10. read more

Raizen Energia Ethanol Sales Hurt by U.S. Cuts: Corporate Brazil

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December 04, 2013

Raizen Energia SA, Brazil’s biggest ethanol exporter, is the sugar-cane processor most at risk from a U.S. plan to cut biofuel mandates, threatening the South American country’s $6.4 billion export market.

The joint venture between oil producer Royal Dutch Shell Plc (RDSA) and Cosan SA Industria & Comercio produced 2.32 billion liters (612.1 million gallons) of ethanol in the 12 months through March. More than half was exported and most of that was shipped to the U.S., according to Salim Morsy, a New York-based analyst with Bloomberg New Energy Finance. read more

Shell to Pay $280 Million for Share of Brazilian Off-Shore Drilling Rights

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In what CEO Peter Voser refers to as “one of the largest deep water oil accumulations in the world,” Royal Dutch Shell (NYSE: RDS-A & RDS-B), along with four other oil producers, will pay $280 Million for a 35-year contract to begin drilling in the Libra discovery in the Santos Basin, located about 105 miles off the Brazilian coast of Rio de Janeiro, Shell announced today.

According to Shell’s statement, Brazil’s governmental oil regulator estimates the Libra find has between 8 billion and 12 billion barrels of “recoverable resources.” read more

Shell working to extend life of declining offshore field in Brazil

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Macae, Brazil (Platts)–14Jun2013/120 pm EDT/1720 GMT

Shell is hoping to extend the life of an offshore oil field in Brazil’s Campos Basin until 2021, potentially adding five years of operation and as many as 20 million more barrels, Osman Tosun, the company’s field development manager, said Friday.

Shell on Friday spudded on of four new wells planned at the mature Bijupira-Salema field in an effort to extent production, Tosun told the Brazil Offshore conference in Macae.

–Dom Phillips, [email protected]
–Edited by Jeff Barber, [email protected] read more

Shell Environmental and Human Rights Crimes in Brazil

EMAIL RECEIVED BY JOHN DONOVAN

Hello John and good-afternoon from Brazil!

I don’t know whether you have been told or not but Shell and Basf have come to a judicial agreement and has paid for our rights along with medical assistance for direct former employees and its children for a lifetime.

Thank you so much for your help.

Truly yours,
Manoel Miguel

Extract

The factory was built in 1977 by Shell. Dozens of former employees of the plant have been diagnosed with prostate, thyroid and other types of cancer, circulatory, liver and intestinal illnesses, as well as infertility and sexual impotence. read more

Shell interested in Petrobras Gulf of Mexico assets – CEO

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RIO DE JANEIRO | Fri Apr 19, 2013 1:36am BST

(Reuters) – Royal Dutch Shell Plc (RDSa.L) is interested in acquiring new assets in the Gulf of Mexico, including those of Brazil‘s state-controlled oil company Petrobras, Shell’s Chief Executive Peter Voser said on Thursday.

No decision has been made on whether to purchase the oil exploration and production blocks that the Brazilian company is selling in the Gulf, Voser told reporters in Rio de Janeiro.

But Shell will consider all the assets that Petroleo Brasileiro SA (PETR4.SA), as Petrobras is known, is hawking under a $9 billion asset-sale program, he added. read more

Shell, BASF Agree to Settle Brazil Contamination Case for $187 Million -Court

The Brazilian units of Royal Dutch Shell PLC and Germany’s BASF agreed to pay 370.8 million Brazilian reais ($187 million) to settle a lawsuit over suspected contamination at a now-shuttered pesticide plant, Brazil’s Supreme Labor Court said Monday.

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By Jeff Fick: Dow Jones Newswires: Published April 08, 2013

The Brazilian units of Royal Dutch Shell PLC (RDSB.LN) and Germany’s BASF (BASFR) agreed to pay 370.8 million Brazilian reais ($187 million) to settle a lawsuit over suspected contamination at a now-shuttered pesticide plant, Brazil’s Supreme Labor Court said Monday.

The completed settlement brings to a close a court dispute first initiated in 2007, when workers at the plant filed a court case after the discovery of low concentrations of a pesticide chemical in ground water and soil around the site of the Paulinia facility in the 1990s. Shell and BASF had previously said they had accepted a settlement proposed by the court as part of conciliation hearings. read more

Shell and BASF agree $316m toxic payout

FINANCIAL TIMES

By Samantha Pearson in São Paulo: March 12, 2013 5:24 pm

Royal Dutch Shell and Germany’s BASF have agreed to pay up to $316m to workers exposed to toxic chemicals in Brazil, drawing to a close a six-year legal battle that has overshadowed the companies’ local operations.

A pesticide factory in São Paulo state, operated by the companies for three decades until it was shut down in 2002, has been blamed for 60 deaths in the local community as well as a series of health problems ranging from memory loss to prostate cancer. read more

Prosecutors say Shell BASF chemical contamination killed 60

Screen Shot 2012-04-28 at 16.28.57Oil producer Shell and German chemical company BASF agreed on Monday to pay compensation that could reach 620 million reais ($316 million) to workers exposed over three decades to toxic chemicals at a Brazil plant, prosecutors said. Labor prosecutors say chemical contamination killed 60

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Tue Mar 12, 2013 3:23am GMT

* Labor prosecutors say chemical contamination killed 60

* Government shut down pesticide plant in 2002

* Shell doubts link between chemicals, worker injury

By Peter Murphy

BRASILIA, March 11 (Reuters) – Oil producer Shell and German chemical company BASF agreed on Monday to pay compensation that could reach 620 million reais ($316 million) to workers exposed over three decades to toxic chemicals at a Brazil plant, prosecutors said.

Brazil’s public labor prosecution service said 60 people were killed from prolonged exposure to chemicals used to make pesticides at the plant. The factory began operating in the 1970s in Paulinia in Sao Paulo state until government authorities ordered it to shut down in 2002. read more

Shell, BASF To Pay Massive Compensation for Poisoning over 1,000 Brazilian Workers

Screen Shot 2013-03-06 at 15.44.22By John Donovan: We have been please to assist at their request an association representing former workers at a Shell/Basf Chemicals factory in Brazil. The factory was built in 1977 by Shell. Dozens of former employees of the plant have been diagnosed with prostate, thyroid and other types of cancer, circulatory, liver and intestinal illnesses, as well as infertility and sexual impotence. A settlement has just been announced, as per Associated Press story printed below.

WEDNESDAY 6 March 2013

SAO PAULO (AP) — Brazil’s top labor court says Shell Brasil SA and BASF SA have reached a compensation agreement with former workers allegedly contaminated at a pesticide plant in the state of Sao Paulo.

The court says Tuesday on its website the companies agreed to a pay compensation of close to 180,000 reals ($90,000) to each of the 1,068 workers who were allegedly contaminated.

They also agreed to provide workers with lifelong health plans valued at 200 million reals ($100 million). read more

Shell and BASF offer $20 million to settle toxic environmental lawsuit

The factory was built in 1977 by Shell. Dozens of former employees of the plant have been diagnosed with prostate, thyroid and other types of cancer, circulatory, liver and intestinal illnesses, as well as infertility and sexual impotence.

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By John Donovan

We were recently contacted by an association representing former workers at a Shell/Basf Chemicals factory in Brazil.

The factory was built in 1977 by Shell. Dozens of former employees of the plant have been diagnosed with prostate, thyroid and other types of cancer, circulatory, liver and intestinal illnesses, as well as infertility and sexual impotence.

Today, AP reported that Shell and BASF have offered $20 million to settle a related class-action. The AP article is printed below. read more

Brazil regulator approves Cosan, Shell partnership

Wed Dec 5, 2012 11:11am EST

Dec 5 (Reuters) – Brazil’s antitrust regulator approved a joint venture between the sugar, ethanol and fuel distribution assets of milling group Cosan SA and Royal Dutch Shell Plc on Wednesday.

The two companies originally announced the multi-billion dollar union of their Brazilian assets in 2010, later dubbing the joint venture Raizen in early 2011. In Brazil, partnerships, mergers and acquisitions are announced long before they are approved or denied by regulators. read more

US food giant accused over biofuel ‘tainted with Indian blood’

Earlier this year, Raizen, a biofuels company set up by Shell and COSAN scrapped controversial plans to source sugarcane from land stolen from the Guarani after a sustained campaign by the Indians and Survival.

A Guarani man in front of sugarcane crops, grown where the tribe’s forests once stood. © Survival

A US food giant has been implicated in a sugarcane scandal in Brazil that has kept an entire indigenous community off its land, polluted streams and inflicted illness and death on Guarani Indians.

Headquartered in the US, global grain trader Bunge is deeply involved in Brazil’s burgeoning biofuels market, and sources sugarcane from farmers who have taken over the ancestral land of the Guarani.

A community of 225 Guarani in the state of Mato Grosso do Sul, whose land was taken from them to make way for the plantations, says the invasion of sugarcane, associated machinery and pesticides has ruined their lives over the past four years. read more

Shell Cosan jv world’s largest producer of sugarcane ethanol

Engineering begins on Iogen-based cellulosic plant in Brazil

By Susanne Retka Schill | October 17, 2012

Ottawa-based Iogen Energy Corp. announced an initial investment by Raízen Group to develop a commercial cellulosic ethanol project in Brazil. Raízen, a joint venture between Royal Dutch Shell and Cosan SA is the world’s largest producer of sugarcane ethanol. Iogen Energy, a joint venture with Shell and Iogen Corp., operates a demonstration facility in Ottawa where it has produced over 2 million liters (560,000 gallons) of cellulosic ethanol as it refined its process since 2004. read more

Shell Drawn by Auction for $5 Trillion of Oil

By Peter Millard, Rodrigo Orihuela and Juan Pablo Spinetto on September 19, 2012

Brazil’s first auction of oil licenses since 2008 is expected to lure companies from Royal Dutch Shell Plc (RDSA) to startup Niko Resources Ltd. (NKO) as producers seek to tap fields holding a third of the world’s new discoveries.

President Dilma Rousseff this week approved the plan to auction oil exploration areas as soon as May, including deep- water fields where Petroleo Brasileiro SA (PETR4) made the world’s largest oil finds in more than a decade. Round 11, as the auction is being called, will include 174 blocks on shore and off Brazil’s northeastern coast. read more

Shell Gains Acquisition Firepower as Cash Flow Cuts Debt

By Eduard Gismatullin on August 07, 2012

Royal Dutch Shell Plc (RDSA) is building the firepower to make acquisitions as record cash flow cuts debt to the lowest level in three years.

Europe’s largest oil producer generated $12.6 billion in free cash flow, the difference between revenue from operations and capital expenditure, during the first half. That’s the most for any six-month period since Shell became a single entity in 2005 and has allowed The Hague-based company to cut its ratio of net debt to equity to 8.8 percent, below any European rival. read more

Court knocks down BASF, Shell Brazil payment

Published July 04, 2012

Associated Press

SAO PAULO –  Brazil’s top labor court has knocked down a judge’s order that Shell Brasil SA and BASF SA deposit $382 million into a fund for workers allegedly contaminated at a chemicals plant.

An emailed statement from the court Wednesday says its lead judge ruled a day earlier in favor of an appeal against immediate payment. A class-action lawsuit seeking compensation from the companies remains before the labor court.

A federal judge in late June ordered the subsidiaries of Royal Dutch Shell PLC and BASF SE to pay into the fund now. Prosecutors sought the order, saying the cash should be immediately available in case workers win the overall lawsuit. read more

BASF, Shell told to pay $382 mln by Brazil court

FRANKFURT, July 3 | Tue Jul 3, 2012 6:49pm IST

(Reuters) – German chemicals maker BASF and oil major Shell have been told by a Brazilian court to pay $382 million into a compensation fund for former employees at a pesticides plant who said their health suffered from working there.

BASF said on Tuesday it would appeal the ruling and would continue talks with the plaintiffs and with Shell to reach an out-of-court settlement.

A Shell spokeswoman said: “Shell does not agree with this decision, but we will abide by it until appeals have been ruled on by higher courts”. read more

Brazil judge: Shell, BASF must put $382 million into workers compensation fund pending suit

SAO PAULO — A Brazilian judge has ruled that the local subsidiaries of oil company Shell and the world’s largest chemical company, BASF, must pay $382 million into a compensation fund to potentially cover more than 1,000 workers who allege they were contaminated and sickened at an agricultural chemical plant.

By Associated Press, Published: July 2

SAO PAULO — A Brazilian judge has ruled that the local subsidiaries of oil company Shell and the world’s largest chemical company, BASF, must pay $382 million into a compensation fund to potentially cover more than 1,000 workers who allege they were contaminated and sickened at an agricultural chemical plant.

BASF SA said in a Monday statement that it would appeal the ruling by judge Maria Ines Correa Targa. Shell SA said it would abide by the decision pending a higher court’s ruling on the workers’ class-action lawsuit that is before a court in the national capital, Brasilia.

Prosecutors said any money actually paid into the fund would be frozen until the workers’ damage suit is finalized — but they wanted it in the fund as a guarantee.

The companies were earlier ordered to make payments by two courts. But the case revolving around a plant in the city of Paulinia, 75 miles (120 kilometers) northwest of Sao Paulo, was appealed to a higher court.

Targa wrote in her ruling Thursday that Shell and BASF engaged in “reprehensible conduct” seeking to “circumvent their obligation.” read more

Shell, BASF Ordered to Pay $500 Million in Brazil Pollution Case

Published July 02, 2012: Dow Jones Newswires

A Brazilian judge has ordered oil giant Royal Dutch Shell PLC (RDSA) and chemical behemoth BASF SE (BASFY) to pay $500 million in compensation for hundreds of ex-workers suing for damages in a suspected plant contamination case, a judicial source said Monday.

Labor judge Ines Correa Cerqueira from the town of Paulinia in Sao Paulo state ruled that the two foreign companies must deposit $500 million in a compensation fund pending the outcome of the class action lawsuit, according to the source who spoke on condition of anonymity. read more

Shell and Friends of the Earth exhange fire via the FT

By John Donovan

Stumbled across this interesting correspondence conducted publicly via the letters page of the Financial Times several years ago between Sir Mark Moody-Stuart of Shell and Mr Tony Juniper, Executive Director, Friends of the Earth, London. As can be seen, Sir Mark scored a spectacular own goal. Got his facts wrong.

FROM OUR JUNE 2005 SHELL NEWS ARCHIVE

Shell Director Sir Mark Moody-Stuart & Tony Juniper, Executive Director, Friends of the Earth, exchange fire  via the letters page of the Financial Times

Financial Times: Enjoy a free trip and get to ask Shell a question: By Sir Mark Moody-Stuart

Thursday 30 June 2005

By Mark Moody-Stuart

From Sir Mark Moody-Stuart.

Sir, Attending my last annual meeting of Shell as a director, I was interested to note that almost half of the 20 or so questions asked came from individuals from areas in the neighbourhood of Shell operations in Sakhalin, Brazil, Nigeria, the Philippines and the US. According to Craig Bennett of Friends of the Earth (FoE), who summed up their concerns, these people had been brought to England by FoE to reflect locally held views. read more

Shell scraps controversial biofuels plan after Brazilian Indian protest

13 June 2012

A biofuels company set up by Shell in Brazil has scrapped controversial plans to source sugar cane from land stolen from an indigenous tribe after a vociferous campaign by the Indians and Survival International.

The company, Raizen, was established in 2010 as a joint venture of Shell and Brazilian ethanol giant Cosan to produce biofuel from sugar cane.

But some of its sugar cane is grown on land claimed by the Guarani tribe, one of the most persecuted and impoverished in South America. Their leaders are regularly killed by gunmen acting for the sugar cane growers and cattle ranchers who have taken over almost all their land. read more

Federal Contractor Misconduct Database

About POGO’s Federal Contractor Misconduct Database (FCMD)

The government awards contracts to companies with histories of misconduct such as contract fraud and environmental, ethics, and labor violations.  In the absence of a centralized federal database listing instances of misconduct, the Project On Government Oversight (POGO) is providing such data.  We believe that it will lead to improved contracting decisions and public access to information about how the government spends hundreds of billions of taxpayer money each year on goods and services. read more

Shell’s Battle of the River Plate: largest ever oil spill in fresh water

The court will fine Shell 100,000 pesos (US$28,000) for each day it falls behind in the clean-up operation, the paper reported.

Protests about the biggest fresh water oil spill in history

By John Donovan

Printed below is a news report about the largest ever oil spill in fresh water. Shell was responsible for the spill, which occurred in the River Plate on January 15, 1999, polluting drinking water and local wildlife.

The Municipality of Magdalena and some groups of inhabitants of the small town with a population of around 8,000 initiated claims against Shell (owner of the oil and the ship responsible for the spill). All these years later some of the resultant litigation is still in progress. Many inhabitants of Magdalena were under age at the time of the oil spill and are still waiting for justice to decide on their claim. read more

Brazil court nixes request for Shell, BASF deposit

Brazil court nixes request for Shell, BASF deposit

Published May 31, 2012 Associated Press

BRASILIA, Brazil –  A Brazilian court has rejected a request from prosecutors that Shell Brasil SA and chemical company BASF SA deposit $500 million into a fund for workers allegedly contaminated at an agricultural chemicals plant.

Thursday’s ruling says the companies don’t have to make any deposit until a final decision is made in a continuing class-action lawsuit.

Prosecutors asked that the Royal Dutch Shell PLC subsidiary and Germany-based BASF SE subsidiary pay $500 million into an account now so it could immediately be available once a higher court rules. read more

Brazil Seeks $496 Million From Shell, Cosan, BASF

By Adriana Brasileiro – May 31, 2012 1:10 AM GMT+0100

Brazilian prosecutors asked a court to order Royal Dutch Shell Plc (RDSA) and Cosan SA Industria & Comercio’s joint venture Raizen and BASF SE (BAS) to pay 1 billion reais ($496 million) in compensation for workers who were allegedly sickened from work at a pesticide plant, according to a statement from the Labor Prosecutor’s office.

Prosecutors say the plant’s conditions caused severe health problems to workers employed at the facility in Paulinia, Brazil, from 1977 to 2002. The workers came into contact with substances such as aldrin, endrin and dieldrin, which can cause cancer and other diseases, according to the statement. read more

Brazil prosecutors seek payment from Shell, BASF

Brazilian prosecutors said Wednesday that they asked a court to force oil company Shell and the world’s largest chemical company, BASF, to immediately pay $500 million into a compensation fund for hundreds of workers who may have been contaminated at an agricultural chemicals plant.

Originally published Wednesday, May 30, 2012 at 12:57 PM

By MARCO SIBAJA

Associated Press

BRASILIA, Brazil —

Brazilian prosecutors said Wednesday that they asked a court to force oil company Shell and the world’s largest chemical company, BASF, to immediately pay $500 million into a compensation fund for hundreds of workers who may have been contaminated at an agricultural chemicals plant.

The companies were earlier ordered to pay that amount by two courts. But the case revolving around a plant in the city of Paulinia, 75 miles (120 kilometers) northwest of Sao Paulo, was appealed and is now before a higher court in Brasilia. read more

Royal Dutch Shell Crimes Against Humanity?

By a Guest Contributor

Royal Dutch Shell may have a serious problem if they are found to be guilty of violating international ‘human rights’ law, etc. Perhaps this is why the British and Dutch governments have moved to try and shut down a decision on the part of the US Supreme Court that would allow the original case to proceed.

It would appear to me, given your article on the effects of Shell’s pesticide pollution, that Shell could also find itself facing charges of ‘crimes against humanity’, etc., for the continued sale and marketing of pesticides they knew were dangerous to man and animal, and which were very long lived in the environment. I am referring to the case in Brazil where Shell clearly knew what kind of harm they were doing to their workers, the local environment, and through the sale of pesticides whose sale and manufacture had been banned in the mid-1970’s within the US and other countries. read more

Shell CEO Peter Voser ignores plea from poisoned former employees

By John Donovan

Printed below is an email sent to RDS CEO Mr Peter Voser on 4 May 2012 by a former Shell employee representing former workers at a Shell/Basf Chemicals factory in Brazil.

The factory was built in 1977 by Shell. Dozens of former employees of the plant have been diagnosed with prostate, thyroid and other types of cancer, circulatory, liver and intestinal illnesses, as well as infertility and sexual impotence.

In August 2010, the two companies were ordered to pay a total of 490 million euros in fines and damages for the workers exposure to toxic substances. The defendant companies have appealed to successively higher courts, initially trying to get the verdict overturned and after that failed, seeking to have the awarded sum reduced.  This process is dragging on with no end in sight. read more

Sugar Cane Grows on Oil as $71 Billion Bet Outspends D.C.

By Ken Wells – May 10, 2012 5:01 AM GMT+0100

BP Plc (BP/) has invested $7 billion in alternative energy since 2005. Exxon Mobil Corp. (XOM) is spending $600 million on a 10-year effort to turn algae into oil. And Royal Dutch Shell Plc (RDSA) has been buying up sugar cane mills, plantations and refineries to make ethanol in Brazil.

In the U.S., Shell already produces small lots of so-called drop-in biofuels–engine-ready products that can replace gasoline from a plant in Houston that uses sugar beets and crop waste. read more

Shell Environmental Crimes in Brazil

By John Donovan

We were recently contacted by an association representing former workers at a Shell/Basf Chemicals factory in Brazil.

The factory was built in 1977 by Shell. Dozens of former employees of the plant have been diagnosed with prostate, thyroid and other types of cancer, circulatory, liver and intestinal illnesses, as well as infertility and sexual impotence.

In August 2010, the two companies were ordered to pay a total of 490 million euros in fines and damages for the workers exposure to toxic substances. The defendant companies have appealed to successively higher courts, initially trying to get the verdict overturned and after that failed, are seeking to have the awarded sum reduced.  This process is dragging on with no end in sight. The plaintiffs claim that the defendants have influence in high places. read more

Shell’s toxic legacy in Brazil

The plant was built in 1977 by Shell… Dozens of former employees of the plant have been diagnosed with prostate, thyroid and other types of cancer, circulatory, liver and intestinal illnesses, as well as infertility and sexual impotence, the statement added.

By John Donovan

We have received emails seeking our help and advice from ATESQ (*Exposed Chemical Substances Workers Association), all former workers at Shell/Basf Chemicals in Paulinia, Brasil, who won a court case against against both multinationals.

In August 2010 the two companies were ordered to pay a total of 490 million euros in fines and damages for the workers exposure to toxic substances at a Sao Paulo factory.

Extracts from the emails:

We have gained a lawsuit that says Shell and Basf must pay for our medical treatments and pay for the damages they caused to us, but so far nothing has been done. Shell/Basf appealed to a second degree court. They lost at the second degree court and appealed to the upper-federal court, which they lost and right now they have appealed to request a reduction on their monetary penalty. read more

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