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Posts on ‘January 27th, 2014’

BP back in favour despite spill legacy, Russia doubts

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COMMENT RECEIVED:  In this article there is a comment from Peter Voser about a possible need for a rescue of BP by Shell following the Macondo disaster in 2010. Knowing that merger negotiations between Shell and BP also occurred more recently, one possible interpretation of the article is that BP’s own strategy might help Shell put its house in order, while Shell’s access to US licences might help BP. Both companies are currently targeted by investigations of manipulation of the price of Brent.

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* BP shares still down from day before U.S. oil spill

* But shares up two thirds from post-spill low

* BP reshaped, competitive on return on capital, delaying spill costs

* Still beset with litigation, and its Russian investment unproven

* Q4 results due Feb 4 against backdrop of rivals’ weak statements

By Andrew Callus

LONDON, Jan 26 (Reuters) – If you had spent 10 pounds on BP shares on April 19, 2010, you would have just nine pounds now, including dividends. A poor investment, however you cut it, but also a remarkable recovery. 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.

Dan Romasko Named President, CEO of Motiva Enterprises LLC

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HOUSTON – January 27, 2014 – Dan Romasko, former Executive Vice President of Operations for Tesoro Corporation, has been named President and CEO of Motiva Enterprises LLC.  He replaces Bob Pease, who has served with distinction for the past 5 years and will return to Shell, effective February 1.

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.

City awaits details after Shell shock

Screen Shot 2013-10-01 at 07.56.54After the shock update effectively publicised the firm’s headline figures for the final quarter of last year, this week the City will be looking for clues as to whether Shell’s shrinking bottom line is temporary or structural.; …the new boss appears keen to make changes at the notoriously bureaucratic company.

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by DOMINIC JEFF: 26 Jan 2014

OIL major Royal Dutch Shell is expected to reveal huge write-offs this week which investors hope will account for its recent profits warning.

After the shock update effectively publicised the firm’s headline figures for the final quarter of last year, this week the City will be looking for clues as to whether Shell’s shrinking bottom line is temporary or structural.

In its warning, Shell said that profits will almost halve to around $2.9 billion (£1.8bn). With previous market expectations of a $4bn haul, it will be the latest disappointment for shareholders after the firm’s earnings declined dramatically throughout 2013. 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.

Court Ruling Won’t Be Enough To Stop Arctic Drilling

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By Sean McLernon

Law360, New York (January 24, 2014, 7:54 PM ET) — A recent Ninth Circuit ruling rejecting a federal environmental analysis of Arctic drilling has been hailed by green groups as reason to halt energy extraction off the Alaskan coast, but attorneys say the decision is too narrow to stop oil and gas activities from moving forward…

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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 set to round off bad year with disappointing fourth quarter profits

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By Daily Mail Reporter

Monday 27 January 2014

Shell is this week expected to round off a disappointing year with lacklustre fourth-quarter profits.

The Anglo-Dutch oil giant issued a profit warning earlier this month, saying it was likely to record a lower-than-expected £1.8billion profit for the final three months of the year.

That sets the company up for an annual underlying profit of £11.8billion, a long way below the £16.3billion it recorded in 2012.

New boss Ben van Beurden blamed a string of factors including maintenance shutdowns in particularly high margin businesses such as liquid natural gas and a general decline in oil prices. 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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