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Posts on ‘March 3rd, 2014’

Shell says ex-Deutsche Bank CEO Ackermann to retire from board

Extract from an article by Sarah Young published on Mon 3 March 2014 by Reuters

Screen Shot 2014-02-10 at 16.29.29(Reuters) – London-listed oil company Royal Dutch Shell (RDSa.L) said board-member Josef Ackermann would retire as a non-executive director at its annual meeting in May.  Shell’s annual meeting is scheduled for May 20. The company is holding a management day on March 13, when it will attempt to win round investors after a major profit warning in January.

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.

DW: Prelude to a $60B FLNG Growth Story?

Extract from an article by douglas-westwood.com published on Monday 03 March 2014 by MarineLink.com

Screen Shot 2014-03-03 at 18.55.08Following first steel cutting in late 2012, Shell’s Prelude Floating Liquefied Natural Gas (FLNG) unit continues to take shape in Samsung’s Geoje shipyard in Korea, Douglas Westwood (DW) said in its Monday report. 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.

Royal Dutch Shell Uncertainty in Ukraine

Screen Shot 2014-03-03 at 09.40.38

*Three days after Russian diplomats assured the West that Russia will not invade Ukraine, Russia … invaded Ukraine.

Photo Credit

By John Donovan

Screen Shot 2014-02-10 at 16.29.29In 2012 Shell won a license to start commercial production at the Yuzivska gas field in eastern Ukraine. A year ago then Royal Dutch Shell CEO Peter Voser signed a contract to drill for natural gas in Ukraine.

In January of this year, following negotiations between RDS Chairman Jorma Ollila and the then Prime Minister of the Ukraine, Shell expanded its plans for the Ukraine.

All of these deals were agreed while Viktor F. Yanukovich was President of the country.

Unfortunately for Shell the corrupt President is now deposed and hiding in Russia under the protection and control of Putin. 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.

Why Royal Dutch Shell Is Selling Downstream Assets

Extracts from an article by Arjun Sreekumar published on 2 March 2014 by The Motley Fool

Screen Shot 2013-12-22 at 19.09.52Royal Dutch Shell (NYSE: RDS-A) has finally found a buyer for its downstream assets in Australia, as the Anglo-Dutch oil major embarks on a major restructuring of its global refining business and plans to sell billions of dollars worth of assets over the next two years. New CEO Ben van Beurden has identified the company’s global downstream business as one of two key business segments — along with its North American shale oil and gas business — that will be restructured in coming years. 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.

Beginning of the end? Oil Companies cut back on spending

Extracts from an article by Gail Tverberg published on 3 March 2014 by TheBull.com.au

Screen Shot 2013-12-22 at 19.09.52Basically, Shell is cutting back. It no longer is going to tell investors how much it plans to produce in the future. Instead, it will focus on generating cash flow, at least partly by selling off existing programs. …all of the major oil companies are reporting divestment programs. Does selling assets really solve the oil companies’ problems? What the oil companies would really like to do is raise their prices, but they can’t do that, because they don’t set prices, the market does–and the prices aren’t high enough. And the oil companies really can’t cut costs. So instead, they sell assets to pay dividends, or perhaps just to get out of the business. 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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