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Posts on ‘April 26th, 2014’

Upstream and Downstream – always oil and water

PADDY BRIGGS

RETIRED ROYAL DUTCH SHELL EXECUTIVE, PADDY BRIGGS

When I retired I was presented with a small silver Shell emblem which I still wear with pride from time to time. It once stood for excellence in marketing and was one of the world’s most familiar brand symbols. Now it’s a bit of a collectors item symbolising a world that has long gone…

By Paddy Briggs

Most of my 37 year Shell career was spent in the “Downstream” but from time to time I had contact with the Upstream operations and in my final assignment in the Middle East I was very close to Upstream issues. Both Shell’s exploration and production activities (the Upstream) and their refining and marketing business (the Downstream) had the Shell emblem (the “Pecten”) flying over them – but that was about the only thing they had in common!

EP is a top down business. The experts in The Hague, mostly products of the best geology and technology Universities, built unrivalled expertise in the tasks of finding and exploiting hydrocarbon assets. They were also pretty good at building the necessary alliances with partners that virtually all upstream operations require. Their world was the world of oil reservoirs, horizontal drilling, fracking and all the other thousand and one technologies and techniques that made the business work. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Some Western firms could face Russian retaliation

Screen Shot 2014-04-26 at 11.34.57 Extract from an article by Adam Molon published by CNBC on 26 April 2014

Tougher Western sanctions against Russia would likely have dire consequences for that country’s monolithic, energy-reliant economy, but experts say the punishment also could trigger retaliation from Moscow against American and European multinationals. “There no doubt would be Russian retaliation,” said Justin Logan, director of foreign policy studies at the Cato Institute. “Companies with money tied up in Russia would have a tough time getting it back out.” The lion’s share of foreign money in Russia is from major energy sector players like Shell, Exxon, and BP… read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Posing with Russia’s president, Vladimir V. Putin

Shell's Ben van Beurden bows to Putin on Good Friday, 18 April 2014

Shell’s Ben van Beurden bows to Putin on Good Friday, 18 April 2014

Extract from a New York Times article by 

European Firms Seek to Minimize Russia Sanctions

BERLIN — With the showdown over Ukraine escalating and President Obama warning Moscow of a tough new round of sanctions, Russia and its allies in the European private sector are conducting a separate campaign to ensure that they can maintain their deep and longstanding economic ties even if the Kremlin orders further military action. No European industry has been as open in its support of Russia as the energy industry. Executives have publicly voiced skepticism about the effectiveness of sanctions, lobbied behind the scenes to head them off and traveled to Russia, on at least one occasion to pose with Russia’s president, Vladimir V. Putin. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell embroiled in Russian oligarch machinations

Screen Shot 2014-04-26 at 10.44.49Extracts from an article by Josh Lewis published 25 April 2014 by upstreamonline.com under the headline:

“Rosneft ruffled over Gazprom”

Reuters reported that Igor Sechin, at a government meeting, said both Gazprom and Shell, which operate a gas project in the Pacific island of Sakhalin, were denying access to a trunk pipeline for its LNG project. Upstream reported on Friday that Shell is urging Russian President Vladimir Putin to step-in…

FULL ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Sanctions not enough to deter hydrocarbon-hungry firms

Shell's Ben van Beurden bows to Putin on Good Friday, 18 April 2014

Shell’s Ben van Beurden bows to Putin on Good Friday, 18 April 2014

Extract from a BusinessDay article published 26 April 2014

Shell also expressed commitment to its expansion projects in Russia. Ben van Beurden, chief executive of Royal Dutch Shell told Russian President, Vladimir Putin at a meeting recently. Shell plans to expand Russia’s only liquefied natural gas (LNG) plant with Russian partner Gazprom. Van Beurden said that Shell “are very keen to grow our position in the Russian Federation and we look forward with anticipation and confidence on a very long-term future here in Russia.” He confirmed that Shell had agreed with Gazprom to expand the Sakhalin-2 LNG plant which produces 10 million tonnes of LNG per year. The expansion plan is in line with Putin’s demand to boost production of LNG and double Russia’s global market share to around 10 percent by 2020. Putin said in his response said; “We, of course, will pledge all the necessary administrative guidance and support.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Leveraging Big Oil to resolve the Ukrainian crisis

Shell's Ben van Beurden bows to Putin on Good Friday, 18 April 2014

Shell’s Ben van Beurden bows to Putin on Good Friday, 18 April 2014

Extract from an article published 25 April 2014 by allvoices.com

Bloomberg’s Business Week reports that even while Western governments and Russia squared off over Ukraine, relations between the major energy companies — such as ExxonMobil, Royal Dutch Shell and BP — and Russia grew even cozier as they pursued the half a trillion dollar oil and gas joint venture deal in the Arctic and Siberia concluded in 2011. The implications are clear: Any comprehensive sanctions against Russia will have adverse effects on major Western energy companies. The strenuous efforts by Big Oil CEOs to reassure Putin that Obama’s sanction threats are empty threats have been noted by close watchers of the energy sector. While Obama and US Ambassador to the UN Susan Rice were threatening sanctions on Russia’s “very significant sectors,” Royal Dutch Shell’s CEO Ben Van Beurden met with Putin at his residence in the outskirts of Moscow and assured him, confidently, that his company’s business interests in Russia would not be sacrificed to international politics. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

John Browne, former chief executive at BP, becomes the face of fracking in Britain

Screen Shot 2014-04-26 at 00.38.16Extracts from an article by Edward Robinson published Friday 25 April 2014 by The Washington Post

“Shale gas could be very, very important for this country; it could be transformative,” says Browne, 66, who’s now chairman of Cuadrilla Resources, a British exploration firm that plans to frack the English countryside. “It’s like the opening of Alaska or western Siberia or the Gulf of Mexico.” Even as evidence mounts that fracking operations drain aquifers and spew methane into the air, energy firms are fanning out across mammoth shale deposits in China, Russia, India, South Africa, Australia and Argentina. Royal Dutch Shell has joined forces with China Petroleum & Chemical, or Sinopec, in China to exploit the world’s largest shale-gas-laden formations. Even relatively small Britain is sitting on a gas mother lode. The Bowland-Hodder formation, a belt of shale that stretches across Britain’s midsection, holds more than 1,300 trillion cubic feet of natural gas, according to the British Geological Survey. That’s almost the same size as the Marcellus deposit under the Appalachian Mountains, the No. 1 U.S. shale gas find. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Dirty rotten scoundrels?

Screen Shot 2014-04-26 at 00.17.24

FROM PETROLEUM ECONOMIST

A new book, The Secret World of Oil, tries to shed light on some of the industry’s darker corners. Review by Derek Brower

Screen Shot 2014-04-26 at 00.19.21OIL is the world’s most traded commodity. Getting it out of the ground, shipping it around the world and making money from the process is a dirty business, in which middlemen grease the palms of tyrants and lobbyists work behind the scenes to win political protection for the bad guys. If you want to trade oil, you need to leave your morals out of it. That, at least, is the premise of The Secret World of Oil, a new book by journalist Ken Silverstein, a fellow at the Edmond J Safra Center for Ethics at Harvard University. Corruption is a ‘constant’ in the energy business, writes Silverstein. “Fixers funnel money to dictators to obtain concessions for oil companies, set up shell firms and front companies to move money, and line up firms to explore for oil,” he says. When they can’t do that, they buy influence for their miscreant masters… read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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