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Posts on ‘January 29th, 2014’

Why I’ve Sold Royal Dutch Shell plc

Okay, I know this will be controversial, but I really have just sold my shares in Shell.

A company’s recent share price is based on its past profitability.

But its current profits are falling. Full-year profits are expected to be 23% down on last year, and the trend in profitability is clearly downward.

The sudden, sharp fall in profitability has taken me, and many other investors, by surprise.

Shell has invested substantially in gas, particularly liquefied natural gas (LNG). Yet, as more and more shale gas has been produced, the gas market has been over-supplied far more quickly than anyone expected, and gas prices have tumbled. 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 Plans Boat to Tap Gas Fields

By Justin Scheck: Jan. 28, 2014 11:16 p.m. ET

Royal Dutch Shell PLC says it has a way to spend less on tapping remote natural-gas fields. There’s just one catch: It will cost at least $10 billion, according to people who have worked on the project.

Shipyard workers in South Korea are building a hull for the Anglo-Dutch company that stretches more than 1,600 feet from bow to stern. The boat will drop anchor in a natural-gas field, chill the gas into liquid and pump it into… 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 Oil quietly downsizes its downtown operations

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Screen Shot 2013-12-22 at 19.09.52Shell Oil is vacating a huge block of downtown office space in Two Shell Plaza. The renovation of the 26-story Two Shell Plaza will be a powerful marketing tool as Hines leases up the office space Shell will vacate at the end of 2014. Shell will move out of all but two floors in Two Shell, leaving behind some 400,000 square feet of vacancy…

One and Two Shell Plaza, designed by the legendary Bruce Graham of Skidmore, Owings & Merrill, opened in the early 1970s. One Shell Plaza was the tallest building in the city and importantly, the tower put the rest of the world on notice — Houston had become the Energy Capital of the World. 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 To Sell 23% Interest In Offshore Brazil BC-10 For $1 Bln

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Screen Shot 2013-12-22 at 19.09.52European energy giant Royal Dutch Shell Plc Wednesday revealed an agreement to sell a 23 percent interest in the Parque das Conchas (BC-10) project offshore Brazil to Qatar Petroleum International for about $1 billion.

SOURCE

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 to sell a stake in a key U.S. Gulf Coast crude oil pipeline

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Screen Shot 2013-12-22 at 19.09.52Royal Dutch Shell Plc wants to sell a stake in a key U.S. Gulf Coast crude oil pipeline for as much as $1 billion and is working with Barclays Plc to solicit offers, a source familiar with the matter told Reuters.

SOURCE

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 Profits Slump as Higher Spending Fails to Lift Output

Screen Shot 2013-10-01 at 07.56.54Investors are shunning the world’s biggest oil companies as drilling costs surge, major projects are delayed and energy prices stagnate. Shell, the second-largest oil company by market value, will report its lowest fourth-quarter profit since 2009 after The Hague-based explorer was socked with cost overruns on some of its most important new fields. Ben van Beurden, who took the helm at Shell at the start of the year, said Jan. 17, in Shell’s first profit-warning in a decade, that disruptions in Nigeria, weak refining margins and lower U.S. natural gas production brought down earnings.

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Jan 29, 2014 12:00 AM GMT

Investors are shunning the world’s biggest oil companies as drilling costs surge, major projects are delayed and energy prices stagnate.

Crude and natural gas producers from Royal Dutch Shell Plc (RDSA) to ConocoPhillips began issuing profit warnings three weeks ago as they tallied the extent of fourth-quarter disappointments. Shareholders have punished the stocks, making the energy sector the worst performer in the MSCI World Index this year, in anticipation of bleak earnings disclosures later this week. 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.

Big Oil Companies Struggle to Justify Soaring Project Costs

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By Daniel Gilbert and Justin Scheck: Jan. 28, 2014 11:00 p.m. ET

Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC spent more than $120 billion in 2013 to boost their oil and gas output—about the same cost in today’s dollars as putting a man on the moon.

But the three oil giants have little to show for all their big spending. Oil and gas production are down despite combined capital expenses of a half-trillion dollars in the past five years. Each company is expected to report later this… 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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