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Posts on ‘May 20th, 2014’

Shell’s Nigeria Investments At Risk From Corruption Scandal, Investors Warned

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Extracts from an article by Global Witness published on 19 May 2014 by allAfrica.com

Royal Dutch Shell’s involvement in a deal which saw $1.1bn diverted into the hands of a former Nigerian oil minister could see the company lose a valuable oil block, says Global Witness. The deal for oil block OPL 245 off the coast of West Africa is being investigated by authorities in the UK, Italy and Nigeria. Shell and Eni have denied paying money to Malabu. Indeed they paid the money to the Nigerian government. However court evidence has revealed that Shell knew that the payment was going to Malabu and had negotiated directly with Etete over “iced champagne”. Etete had awarded the oil block to his own company when he was oil minister under corrupt Nigerian dictator Sani Abacha. In effect, he gave himself one of the most valuable oil blocks in Nigeria and, with this deal was now cashing in. 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 thinks technology first in preparation for internet of everything

Screen Shot 2014-05-20 at 18.45.25Extract from a ComputerWeekly.com article by Caroline Baldwin published 20 May 2014  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 boss says refining assets still key despite weak profits

Screen Shot 2014-02-10 at 16.29.29Extracts from a Reuters article published 20 May 2014

LONDON (Reuters) – Royal Dutch Shell will hold on to its refining business despite shedding many underperforming downstream assets, its chief executive said on Tuesday. The global refining sector has suffered over the past year from weak profit margins due to rising capacity and increasing competition and Shell’s downstream business has been a drag on its 2013 and first quarter 2014 results.

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 a possible takeover target: Citigroup

Screen Shot 2014-02-10 at 16.29.29Extracts from a Financial Posted article by David Pett published 20 May 2014 under the headline: HP, Shell and Rio Tinto head up possible takeover targets: Citigroup

Royal Dutch Shell PLC and Rio Tinto PLC are all potential takeover targets as M&A activity worldwide continues to heat up, says Citigroup Global Markets. Expecting more deals to come, they came up with a list of potential targets by analyzing company metrics such as shareholder concentration, leverage and free cash flow yield and pre-tax earnings. 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.

Ben van Beurden and Jorma Ollila agree OSSL meeting to achieve ‘a happy conclusion’

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By John Donovan

Printed below is a transcript of a self-explanatory exchange at the Shell AGM this morning involving Desmond Kane representing whistleblower company OSSL and Jorma Ollila (Chairman) and Ben van Beurden (CEO) representing Royal Dutch Shell Plc.

Note that Ben van Beurden repeatedly stresses that there is no evidence to support the allegations OSSL is “fond of making.”

What he does not say is that the alleged events never happened.

And what about the evidence of the OSSL invoice to Shell? Is Shell saying that the OSSL invoice is a fake? If so, Shell should call in the police. It would be their duty to do so. 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.

Liquefied Natural Gas Could Come to the Rescue for Royal Dutch Shell

Screen Shot 2014-04-19 at 10.07.44Extract from a Motley Fool article by Bob Ciura published 19 May 2014 under the headline: How Liquefied Natural Gas Could Come to the Rescue for Royal Dutch Shell and BP

Royal Dutch Shell’s core net profits fell by 23% last year, prompting the company to undergo what management delicately termed “hard choices” in its portfolio. Basically, the company is resorting to cutting capital expenditures in light of disappointing upstream projects and sharply narrower refining margins. To that end, Shell plans to reduce capital expenditures by $9 billion in 2014 from $46 billion in 2013 to an estimated $37 billion this year. That represents a severe 20% drop. This is a concern since Shell’s production is already going in the wrong direction. Oil majors across the board are suspending new projects or cancelling them altogether, which could put them in dire straits later on. Fortunately, LNG represents one major area that both Shell and BP continue to invest in, and the potential is clearly compelling. 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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