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Posts on ‘September 3rd, 2009’

Mounting debt leads to Shell rate cut

Supermajor Shell long-term credit rating was cut to AA from AA+ by Standard & Poor’s Ratings Services, which cited the prospect of rising debt.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

S&P Cuts Shell Rating One Notch As Debt Builds: downgrade a blemish on Shell’s record

THE WALL STREET JOURNAL: LONDON (Dow Jones)--Ratings agency Standard and Poor's Thursday downgraded its rating on debt issued by Royal Dutch Shell PLC (RDSB.LN) one notch to AA from AA+, saying the company's decision to maintain high capital expenditure and dividends despite pressures on cash flow is resulting in sizeable increases in debt. S&P also expressed concern over the size of the deficit in Shell's pension scheme, which stood at $25 billion at the end of 2008.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell slammed for breaching environmental legislation

Written by Lauren Steadman

Petrochemical company Shell has been cited for violating environmental legislation for a second time in less than a year.

The US Environmental Protection Agency (EPA) has issued both a complaint – in which it proposed a penalty of $153,057 (£93,795) – and a compliance order against Shell Chemical Yabucoa in Puerto Rico for disregarding the federal Clean Water Act.

Acting regional administrator George Pavlou said that the EPA will continue to hold to account anyone who violates the laws that protect the island’s waters. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Right Game

Kindly supplied by a regular contributor…

The attachment might be of interest to some of your readers – I have only skimmed through it, but some of the points are very interesting and reflect the prevailing technical views within the industry.

The Right Game (By Andrew Lees)

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Faces Reduced Interest in New Zealand Assets, Review Says

By Robert Fenner

Sept. 3 (Bloomberg) — Royal Dutch Shell Plc may be getting less interest from bidders for its NZ$600 million ($404 million) worth of refinery and retail assets in New Zealand, the Australian Financial Review reported in its Street Talk column

Private equity firms that may bid for the assets have “thinned,” the newspaper reported, without saying where it got the information.

Caltex Australia Ltd. and closely held Gull have talked about their interest in the assets, the newspaper said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Beyond pandemonium

Financial Times

By Andrew Hill

Published: September 3 2009 03:00 | Last updated: September 3 2009 03:00

New find, new era? BP’s giant discovery in the Gulf of Mexico could symbolise a post-Browne revival. Since Lord Browne stepped down in May 2007 , his departure accelerated by scandal, BP has become a more conservative, prudent company. With the visionary but imperial peer at the helm, it grew bigger but sailed into violent storms – not least over safety. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Find eases concerns for BP’s growth

Financial Times

By Ed Crooks

Published: September 3 2009 03:00 | Last updated: September 3 2009 03:00

BP’s oil find in the US Gulf of Mexico helps ease one of the biggest concerns about its future: its growth outlook in the next decade. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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