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Posts on ‘October 18th, 2012’

Shell falls as FTSE 100 reaches seven-month high

The oil giant was on the back-foot during trading today.

By 8:13PM BST 18 Oct 2012

BP may have been hogging much of the limelight in the oil and gas sector of late, but today Royal Dutch Shell was receiving some unwanted attention from traders.

Concerns over slowing growth at the oil giant saw the group’s B shares fall 30½p to £22.02 in London.

“Shell has almost fully delivered on its big three projects, bringing to a close the investment cycle started in 2006, and starting a new one,” Goldman Sachs said, cutting its recommendation on the group to “sell” from “neutral”. 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 in US talks to extend Arctic leases

FINANCIAL TIMES

By Ed Crooks: October 18, 2012

Royal Dutch Shell, the European oil company, has been in talks with the US government over extending its leases for oil development in the Arctic seas north of Alaska, after its drilling programme was held up by legal actions and objections from regulators.

FULL ARTICLE

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.

Nigeria: Shell’s civil legal suit in the Netherlands breaks new ground

By Adam Robert Green: 17 October 2012

Three legal challenges against Shell for pollution charges in the Niger Delta could set precedents for how multinational companies are sued for environmental damages in developing countries. All three inquiries – in the UK, the Netherlands and the US – are being judged in countries other than the one in which damages are said to have occurred.

Shell’s trial in the Netherlands for oil pollution in the Niger Delta is a landmark; the first time a Dutch company has been brought before a home court to answer charges of environmental damage caused abroad. The UK High Court is also reviewing a case concerning the Anglo-Dutch company’s Nigeria operations. 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 falls as Goldman cuts to sell

Analysts say the decade of rising oil prices is over

Posted by Thursday 18 October 2012 13.25 BST guardian.co.uk

Oil companies dipped as Goldman Sachs came out with a downbeat note on the sector, saying the past decade of escalating oil prices was all but over.

The analysts wrote:

European integrated oils have undergone a period of falling returns and deteriorating free cash flow, despite rising oil prices. As we now expect the decade-long rise in oil prices to come to an end owing to a revival of non-OPEC supply led by shale oil, this deterioration is likely to accelerate, in our view. 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.

Kazakhstan high on Shell’s Superbucket list

Given Shell’s history of operation in Nigeria (along with Chevron, Exxon, etc.) , and the way the company likes to operate in 3rd world regions, it is clear why Shell (along with the other super majors) has focused on Kazakhstan. It is a country rich in hydrocarbon resources. It is also another country that is run by a corrupt, dictatorial government that can be ‘influenced’ to come around to the oil companies’ way of thinking. Ideal for Shell.

FROM A REGULAR CONTRIBUTOR, A SHELL RELATED SOURCE

John,

In Peter Voser’s recently published ‘bucket list’ of key geographical areas of planned future operation it was noted that Kazakhstan was very high on Shell’s investment priority list. Attached are a few links that explain why Royal Dutch Shell and others are so interested in Kazakhstan.

This should come as no surprise to anyone familiar with the oil industry and the way Shell operates. The Caspian Basin has vast reserves of oil and gas, estimated to be second only to the Middle East despite that fact that oil and gas have been produce in the region for about 150 years. The political leadership in Kazakhstan is a corrupt dictatorship, and the Caspian Basin is one of the most heavily polluted areas of the world. There are effectively no environmental pollution issues to contend with in Kazakhstan. 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.

Failed socialist politician Nebahat Albayrak appointed as Shell EP Vice President

Failed socialist politician Nebahat Albayrak appointed as Shell EP Vice President

FROM A SHELL SOURCE

Hello John
 
Read today in Dutch papers that Nebahat Albayrak will become vice president for communications in Shell EP.

Here Wikipedia in English (only the dutch version says she will start at Shell on 6th November).

http://en.wikipedia.org/wiki/Nebahat_Albayrak
 
She is another failed socialist politician (IMHO). After Shell appointed a new director Shell Nederland Dick Benschop (also a failed socialist politician, bag carrier for den Uyl and later Kok), the door appears open to people with the ‘correct’ background rather than the correct skills. 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.

Ousted dictators

From our October 2005 Shell News Archive

The Seoul Times: NOC of Libya, Shell Agree on Major Gas Deal

“Shell’s Executive Director for Exploration and Production, Mr Malcolm Brinded, said: We are delighted to be back in Libya and honoured to work together with NOC…”: “I am excited about concluding this major agreement.”

Tuesday, October 18, 2005

By Jamal Al Majaida
Middle East & Africa

The National Oil Corporation of the Great Socialist People’s Libyan Arab Jamahiriya (NOC) and Shell Exploration and Production Libya GmbH have reached a long-term agreement for a major gas exploration and development deal.

The agreement covers the rejuvenation and upgrade of the existing LNG Plant at Marsa Al-Brega on the Libyan coast, together with exploration and development of five areas located in the heart of Libya’s major oil and gas producing Sirte Basin. 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.

Major construction begins on Shell Prelude FLNG project

Shell Company of Australia Limited : Major construction begins on the Prelude FLNG project

10/18/2012| 02:38am US/Eastern
Media Release 18/10/2012

Today Shell celebrated the cutting of first steel for the game-changing Prelude floating liquefied natural gas (FLNG) facility’s substructure with joint venture participants, Inpex and KOGAS, and lead contractor, the Technip Samsung Consortium, at Samsung Heavy Industries’ Geoje shipyard in South Korea.

Shell’s Projects & Technology Director Matthias Bichsel commented:  “We are cutting 7.6 tonnes of steel for the Prelude floating liquefied natural gas facility today, but in total, more than 260,000 tonnes of steel will be fabricated and assembled for the facility.  That’s around five times the amount of steel used to build the Sydney Harbour Bridge.  Today’s ceremony marks a major milestone in this project, when the innovative thinking and new technology and engineering solutions which will make FLNG possible begin to be realised.” 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.

Arrow Energy CEO Says Queensland LNG Invest Decision Due 2013

By Ross Kelly Published October 18, 2012 Dow Jones Newswires

MORANBAH, Australia–Royal Dutch Shell PLC (RDSB) and PetroChina Co. (PTR) are on course to approve construction of a multibillion dollar gas-export project in eastern Australia next year, shrugging off fears that cost pressures or a supply glut will delay the venture.

“Momentum on the LNG project is really very strong,” said Andrew Faulkner, chief executive of Arrow Energy, which Shell and PetroChina acquired in a 3.4 billion Australian dollar (US$3.53 billion) transaction in 2010. 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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