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January 14th, 2014:

Royal Dutch Shell Fire Sale

Screen Shot 2014-01-14 at 14.34.31By John Donovan

The Financial Times has published an article today about Shell’s dramatic plans under the surprise new CEO, Ben van Beurden, to dispose of a string of assets, including North Sea oilfields.

According to one quoted analyst, Shell may divest $30 billion in non-core assets, including its stake in Woodside in Australia and assets in the USA and Nigeria.

The article by Guy  Chazan says: “Shell has underperformed the European oil and gas sector by 6 per cent over the past year, dragged down by a string of disappointing quarterly results…. It has been criticised for spending too much and not rewarding shareholders enough. read more

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Peru ignores UN and pushes ahead with deadly gas project

Screen Shot 2014-01-14 at 10.18.37Any contact with gas workers could introduce fatal diseases to the uncontacted Indians. When Shell carried out initial explorations in the area during the 1980s, half the Nahua tribe was wiped out following first contact with outsiders.

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January 14, 2014

Peru’s government is on the brink of approving the expansion of the highly controversial Camisea gas project into the land of uncontacted and isolated tribes – ignoring a recent UN recommendation to first carry out ‘extensive studies’ over the threats posed to the vulnerable Indians.

Peru’s Ministry of Culture has approved a plan to expand the $1.6 billion Camisea project – run by Argentina’s Pluspetrol, US’s Hunt Oil and Spain’s Repsol – once three minor conditions are met, raising fears that expansion is imminent. read more

This website and sisters,,,, and, are owned by John Donovan. There is also a Wikipedia segment.

Total dips a toe in UK shale but BP and Shell unlikely to follow

Screen Shot 2012-07-12 at 16.32.59The French company trumpeted becoming the “first major to enter into shale gas licences in the UK”, calling it an “important milestone”. But its stance contrasts starkly to that of Shell, whose British chief financial officer Simon Henry said last year it had no desire to be “first in and be in the headlines every day in the UK”. Shell had “much higher priorities, and more attractive opportunities” elsewhere and would not throw money into shale…

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US majors next most likely to invest while BP and Shell expected to steer clear in the short term at least

By 9:07PM GMT 13 Jan 2014

 More international oil and gas majors may follow Total’s lead in joining the search for British shale gas – but BP and Royal Dutch Shell will not be among them, experts have predicted.

The French energy giant on Monday confirmed it would invest $48.1m (£29.3m) in the search for shale gas in the East Midlands, taking a 40pc stake in two licences held jointly by IGas, eCORP, Egdon Resources and Dart Energy

The move was hailed as the biggest vote of confidence yet in the potential of UK shale, following investments by GDF Suez and Centrica – two smaller but still heavyweight companies. read more

This website and sisters,,,, and, are owned by John Donovan. There is also a Wikipedia segment.