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Posts on ‘September 26th, 2009’

Bloomberg accused of publishing false Royal Dutch Shell production forecasts

POSTING ON SHELL BLOG BY “Outsider”

How much did Shell pay Bloomberg to misquote their production forecasts?

It is unbelievable that two of Bloomberg’s journalists have put out a story, reprinted around the world again and again, which is completely false. Shell’s own forecast in the Deutsche Bank presentation is that they will be producing 3.2 MMBOE/day in 2012, while BP expect to produce 4.1 MMBOE/day.

Shell overtaking BP? I don’t think so. Some of the articles even attribute yesterday’s increase in Shell’s share price to the claim that Shell will increase their production by 30% – could it be that someone is deliberately trying to manipulate the share price? 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.

Big-spending Shell ready to overtake arch-rival BP

London Evening Standard

Jim Armitage Jim Armitage 25 September 2009

Shell is close to overtaking BP as Britain’s biggest producer, research showed today.

Held back by seven years of falling production, Shell’s output levels are about to erupt way beyond those of its arch-rival as a host of new investments in projects start to pay off.

Chief executive Peter Voser spent a record amount last year on expansion around the world, ranging from a massive oil sands development in Canada to the Sakhalin II project in Russia.

As a result, oil and gas output will be up a third, or 1 million barrels a day by the end of 2012. At those breakneck levels, Shell will be pumping out 4.25 million barrels against BP’s 2012 estimate of 4.1 million. 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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