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Posts on ‘October 9th, 2013’

Shell consortium to sell four oil blocks in Nigeria

FINANCIAL TIMES

By Ajay Makan in London: October 9, 2013 3:13 pm

A Royal Dutch Shell-led consortium has put up for sale a string of oil blocks in Nigeria, as international companies accelerate a retreat from sub-Saharan Africa’s oldest oil industry amid surging theft of crude and political uncertainty.

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.

Speculation on hostile bids for Royal Dutch Shell?

Posting by “Outsider” on our Shell Blog Wed, 9 Oct 2013. 10.08 am

It is common knowledge that BP, Exxon and Total (and possibly others) planned hostile bids for Shell after the reserves fiasco. Shell’s current under-performance in comparison with the market, together with huge write-offs on unconventionals and the Arctic suggest that some of these plans may be under consideration once again, perhaps with Chevron added to the list of potential bidders. 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.

US lawsuit against oil majors on price fixing gains momentum

Screen Shot 2013-05-17 at 01.06.41A US judicial panel is expected to make a decision in a matter of days on where the consolidated lawsuits by US trading firms against oil giants BP, Shell and Statoil will be heard… The lawsuits followed the European Commission’s investigation into the oil majors for alleged price manipulation back in May. BP, Shell and Platts declined to comment.

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by Suzie Neuwirth: October 9, 2013, 2:28am

A US judicial panel is expected to make a decision in a matter of days on where the consolidated lawsuits by US trading firms against oil giants BP, Shell and Statoil will be heard, City A.M. understands.

Around ten plaintiffs, including Chicago-based commodity trading house Prime International Trading, individually sued the oil majors earlier in the year for alleged manipulation of oil prices by relaying false information to price reporting agency Platts, dating back to the year 2000 until the present. 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.

Oil & Money shows industry between a rock and a hard place

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Contributed by: DeoBhagan: Wednesday, October 09 2013 @ 12:00 AM AST

On October 4, Morgan Stanley Research Europe reported as follows:

This week we attended the Oil & Money conference in London, where a large number of company CEOs, energy ministers and industry experts presented. Below we focus on two presentations given by Shell CEO Peter Voser and Total CEO Christophe de Margerie. Combined, they highlight the ‘stress’ within the current energy system: capex must go up to meet future energy demand, but capex cannot go up because the industry already invests nearly all its cash flow and returns have become unattractive. 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.

A ‘frack’ in the bridge from coal to gas

With the hype surrounding the US gas-boom, it’s something of a worrying and cautionary note to read in the Financial Times outgoing Shell CEO Peter Voser quoted as saying his “huge bet on US shale was a big regret of his time as chief executive of the company”. This is something of a mea culpa for the fossil fuel heavyweight. Just over 12 months ago Voser was championing the “natural gas revolution”

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By on 9 October 2013

With the hype surrounding the US gas-boom, it’s something of a worrying and cautionary note to read in the Financial Times outgoing Shell CEO Peter Voser quoted as saying his “huge bet on US shale was a big regret of his time as chief executive of the company”.

With a purported $24 billion invested in so-called unconventional oil and gas in North America, the FT reports Shell has recently taken a “$2.1 billion impairment against its assets” with Voser quoted as saying “Unconventionals did not exactly play out as planned”. 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 1 Threat That Could Kill a Major Oil Company

The first company which will have a leak of oil [in the Arctic]… a drop, is a dead company.

— Christophe de Margerie, Total CEO 

At a recent event at the Council on Foreign Relations, Total‘s CEO did not mince words about the risks of drilling for oil in the Arctic: It’s risky, and the chances of an oil spill in the region is simply too great for Total to justify investing in oil exploration there. While there are differing opinions across the oil space regarding if and how we should explore drilling in the Arctic, de Margerie’s statements raise a very poignant question for oil and gas investors: How much are our energy investments at risk of a “giant killer”-type accident? Let’s take a look at the risks involved in Arctic drilling and who is involved in the Arctic. 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.

3 Threats to Royal Dutch Shell’s Success

Investors in Royal Dutch Shell are more than likely starting to get a little frustrated with the company’s poor performance. Shell has a lot of work to do in order to turn the ship around, but there are few obstacles in its way that could make it even more difficult.

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by Tyler Crowe, The Motley Fool Oct 8th 2013 10:33AM

Investors in Royal Dutch Shell are more than likely starting to get a little frustrated with the company’s poor performance. Over the past three years, Shell has had a total return of only 17.5% while the S&P 500 has produced a total return of over 55% during that time frame. To make matters worse, the company has decided to scrap its production targets because it would not be able to make a decent enough return on those targets.

Shell has a lot of work to do in order to turn the ship around, but there are few obstacles in its way that could make it even more difficult. Let’s take a look at three of those threats that could further impact the woes of Shell. 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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