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Posts on ‘July 21st, 2012’

1 Million Names, Legal Threat Spur Arctic Campaign

“Yesterday in Amsterdam, I was served with an urgent notice from Shell, one of the world’s wealthiest oil company, whom in the past weeks we have been vigorously and prominently campaigning against in our Save The Arctic drive. The notice was a stern message from Shell lawyers, who are very worried that our actions around the world this week “have posed a real risk to Shell retailers… and the general public”. The letter with concludes with a warning about commencing “proceedings” against us, at ‘any’ time in the future.”: Kumi Naidoo, Executive Director, Greenpeace International.

21 July 2012

Yesterday in Amsterdam, I was served with an urgent notice from Shell, one of the world’s wealthiest oil company, whom in the past weeks we have been vigorously and prominently campaigning against in our Save The Arctic drive. The notice was a stern message from Shell lawyers, who are very worried that our actions around the world this week “have posed a real risk to Shell retailers… and the general public”. The letter with concludes with a warning about commencing “proceedings” against us, at ‘any’ time in the future. 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.

Rudderless Shell still worth backing

FROM OUR JULY 2005 SHELL NEWS ARCHIVE…

The Independent: Rudderless Shell still worth backing

“The company has also created a single board, after blaming its double-headed, dual-nationality structure for the disasters of recent years. Shell had been overstating its reserves of oil, and had to fess up last year, cutting the number by one-third. But only last week the company revealed the development of its Sakhalin natural gas field in Russia was 100 per cent over budget, a whopping extra cost of $10bn (£5.8bn) that had not even been hinted when Shell sold part of the field earlier this month.”

The Investment Column: Edited by Stephen Foley

Published: Thursday 21 July 2005

Shell, the Anglo-Dutch oil giant, has merged its Anglo half, Shell Transport & Trading, with its Dutch half, Royal Dutch. If you owned 100 Shell shares on Tuesday, you now own 29 Royal Dutch Shell shares. They fell in value a little on their stock market debut yesterday, but hang on to them.

Strictly speaking, you own Royal Dutch Shell ‘B’ shares, while Netherlands investors own ‘A’ shares. The difference is that ‘A’ shares attract a Dutch tax, but that will usually be reflected in the lower price of the ‘A’ shares. It is all a little confusing and UK investors might as well stick to the ‘B’ shares, but the important thing is that the company you own still has the same assets and prospects as it had at the start of the week. 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.

Shell failed to disclose spiralling costs in merger prospectus

FROM OUR JULY 2005 SHELL NEWS ARCHIVE…

THE TIMES: Shell failed to disclose spiralling costs in merger prospectus

SHELL failed to disclose in its merger prospectus the massive cost overruns at Sakhalin II, the Siberian gas project whose budget has doubled to $20 billion (£11.5 billion).

Thursday 21 July 2005

By Carl Mortished

SHELL failed to disclose in its merger prospectus the massive cost overruns at Sakhalin II, the Siberian gas project whose budget has doubled to $20 billion (£11.5 billion).

A Stock Exchange document published in late May lists Sakhalin as the largest Shell investment but gives no indication of the scale of the cost and scheduling troubles that have plagued the project since its launch in May 2003.

Last week Shell revealed that Sakhalin costs would be “of the order of $20 billion”. However, the listing particulars published on May 19 stated: “Overall investment in the Sakhalin II project is expected to be over $10 billion.” 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.

European Journal: Shell’s Enemy No. 1

European Journal – The Magazine from Brussels

European Journal is a 30 minute magazine on DW that delivers the inside take – reports on important political, economic and cultural developments in the EU with a strong focus on the European integration process. European Journal features issues that move Europeans and shows Europeans on the move.

Entire TV programme broadcast in English language across Europe can be viewed here.

httpv://www.youtube.com/watch?v=aYusVi-qVRk&noredirect=1

The images shown below are all screenshots.

THE VIDEO: Narration by Nina Haase 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.

Shell wins Coast Guard OK on changes to Arctic-bound barge

Posted on July 20, 2012 at 1:06 pm by Jennifer A. Dlouhy

The Coast Guard has approved Shell’s request to change the standards for evaluating the readiness of a key emergency response ship that is set to be on hand during planned oil drilling in Arctic waters this summer.

But Shell is still rebounding from two setbacks in its Arctic drilling quest, including an ongoing Coast Guard probe into what caused its Discoverer drillship to drag its anchor and drift toward an island near Dutch Harbor, Alaska last Saturday. 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.

Shell’s still waiting

Company needs Chukchi ice to clear & barge certification before drilling start

By Alan Bailey: Published Week of July 22, 2012

Shell’s two drilling vessels, the Noble Discoverer and the Kulluk, are still moored at Dutch Harbor in the Aleutian Islands, waiting for ice to clear in the northern Chukchi Sea before embarking on the company’s much anticipated Arctic drilling venture. However, the company also needs U.S. Coast Guard certification of its containment barge Arctic Challenger, still docked in Seattle, and the transfer north of that vessel, before drilling can begin. 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.

Arctic drilling close for Shell, but still elusive

By and , Published: July 20

ANCHORAGE — Seven years and $4.5 billion after it bought leases to explore for oil off Alaska’s Arctic coast, Royal Dutch Shell is finally close to drilling a well in the pristine Chukchi Sea, confident that it will discover a vast oil reservoir buried thousands of feet below the seafloor.

“This is kind of like Christmas Eve,” said Lt. Gov. Mead Treadwell (R). “We can’t wait to see if Santa comes.”

But Santa’s path has not been smooth.

The thickest ice in a decade, along with problems in obtaining a permit for a 4,700-ton oil spill containment system, pushed Shell’s July 15 start date back three weeks. These glitches have postponed the first offshore drilling in the American Arctic in 15 years, a massive undertaking that could eventually yield 400,000 barrels of oil per day.

The Coast Guard delayed the firm’s oil recovery barge Arctic Challenger from leaving the Pacific Northwest earlier this month after raising questions about its ability to withstand a severe storm. Then, Shell petitioned the Environment Protection Agency to modify an air emission permit on the grounds that the technology did not exist to meet one of the requirements. Finally this past Saturday, Shell’s drill ship Noble Discoverer dragged its anchor off Alaska’s Aleutian islands and drifted to within 100 yards of shore. 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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