Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘November 26th, 2012’

BP is still one big toxic mess

With a $130 billion market cap, and billions of dollars in unknown liabilities, BP is still one big toxic mess.

Why BP is not a takeover target

By Cyrus Sanati: November 26, 2012: 9:35 AM ET

FORTUNE — It’s one of the largest companies in the world. Could it really be a takeover target?

Some in the industry see BP as fresh deal meat following the company’s long-awaited settlement with U.S. authorities in connection with the Deepwater Horizon oil spill. But while such a mega-merger may make Wall Street bankers salivate, even after selling off billions of dollars in assets, BP simply remains too big and too risky to buy. Specialization is the name of the game these days in the oil patch. BP would need to break up into more manageable pieces before any oil major would consider opening its wallet. 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.

Essar Energy turns around Stanlow refinery

Essar Energy plc has turned around UK’s second largest refinery Stanlow within a year of taking it over from Royal Dutch Shell, posting a pre-tax profit of USD 197 million in six month to September 30.

Essar Energy turns around Stanlow refinery

Monday, November 26, 2012, 18:31

New Delhi: London-listed Essar Energy plc has turned around UK’s second largest refinery Stanlow within a year of taking it over from Royal Dutch Shell, posting a pre-tax profit of USD 197 million in six month to September 30.

“Current price EBITDA at Stanlow rose to USD 197.2 million, compared with USD 22.2 million in the first eight months of ownership to March 2012,” the company said announcing its second quarter earnings.

Shell divested its refinery assets for not being profitable. 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 Neptune Strategy: Shell Propped up Apartheid in South Africa

By John Donovan

In 1987, Shell Oil Co implemented a secret 265 page plan devised by a Washington based firm, Pagan International.

The devious plan was designed to undermine support for critics of Shell’s policy of propping up the despised racist apartheid regime in South Africa, just as Shell and its Nazi leader, Sir Henri Deterding,  propped up Nazi Germany before WW2. 

The objective of Shell’s secret campaign was to neutralize boycott groups, including church and civil rights groups, unions and academics. 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.
%d bloggers like this: