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Posts on ‘May 12th, 2014’

Oil prices poised to tumble

Screen Shot 2014-05-12 at 19.46.28Extracts from an article by By , Business News Editor of The Telegraph, published 12 May 2014 under the newspaper headline: “Oil prices poised to tumble as US toys with opening reserve stocks”

Oil prices are on the brink of possibly their biggest correction since the global financial crisis after Vladimir Putin’s gamble to use Russia’s crude as a political weapon backfired spectacularly on the Kremlin. A potent energy superpower, Russia had thought that it could use its status as the world’s largest oil producer and biggest exporter of natural gas through cross-border pipelines to intimidate and quite literally bully Western powers into submission over Ukraine. Regardless of the fracking revolution in the US, the world appears to be flooded with crude. Putin appears to have forgotten the lesson of his fallen Soviet comrades of the old communist order, and in meddling with world oil markets, he may have laid the foundations for his own economic demise. 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.

Investigators seek breakthrough a year after EU raided Big Oil

Screen Shot 2013-05-17 at 01.06.41By Gaspard Sebag, Lananh Nguyen and Andy Hoffman: Bloomberg News 12 May 2014

Twelve months after raiding oil companies and Platts in a hunt for evidence of possible manipulation of price benchmarks, European Union officials are looking for a breakthrough. On May 14 last year, EU investigators had to leap into a taxi cab to Royal Dutch Shell Plc (RDSA)’s trading floor on the Strand in central London after arriving at the wrong destination — the company’s London head office on the opposite side of the River Thames – according to one person familiar with the antitrust raids on that day. Lawyers say such mishaps are common during so-called surprise inspections — especially where officials lack the guiding hand of an immunity applicant. “All Shell companies fully cooperated with the EU commission during the inspection at our offices and will continue to do so as the commission’s investigation proceeds,” Ross Whittam, a company spokesman said. 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.

Will Russia Be Royal Dutch Shell’s Savior?

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 by

Russia’s acquisition of Crimea has Germany uneasy about its dependence on Russian natural gas. Now Royal Dutch Shell can pat itself on the back for deciding to acquire significantly more LNG liquefaction capacity than its big oil peers by 2017. Europe’s gas situation is very complicated, but Shell is shaping up to be a big beneficiary of the current German-Russian angst.

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.

Royal Dutch Shell employees warned about giving perjured testimony

Screen Shot 2013-05-17 at 01.06.41Shell staff were reminded recently of the obligation to be truthful if called upon to testify under oath. They were also reminded that even when testifying as a Shell employee on behalf of Shell, they were personally liable for the consequences of any untruths or misleading statements that they made.

DEFINITION OF PERJURY: The deliberate, willful giving of false, misleading, or incomplete testimony under oath.

From a Regular Contributor

I heard on the grapevine that Shell staff were reminded recently of the obligation to be truthful if called upon to testify under oath. They were also reminded that even when testifying as a Shell employee on behalf of Shell, they were personally liable for the consequences of any untruths or misleading statements that they made.

It may seem surprising to some people that senior Shell staff needed to be reminded of their legal obligation to be truthful when testifying. I also understand that some Shell employees were surprised to learn that they were personally liable for the consequences of any misleading statements they made when testifying on behalf of their employer. 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.

Kuwait signs $12bn LNG supply deal with Shell

Screen Shot 2014-02-10 at 16.29.29Extract from a Reuters article published Sunday 11 May 2014

KUWAIT May 11 (Reuters) – Kuwait’s state oil group said it signed a six-year liquefied natural gas (LNG) supply deal with Royal Dutch Shell on Sunday, worth an estimated $12 billion, as the major oil exporter seeks to meet energy demands for the hot summer months.

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.
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