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Posts on ‘July 5th, 2014’

Saudi Arabia gas project has failed, admits Shell

Screen Shot 2014-02-10 at 16.29.29Extracts from an article by Andrew Critchlow published 6 July 2014 by The Sunday Telegraph 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 sails ahead without UK shale

Extracts from an article by Andrew Critchlow published in The Sunday Telegraph on 6 July 2014

Screen Shot 2014-02-10 at 16.29.29Shale gas is likely to play an increasingly important role in powering Britain’s growth but don’t expect the country’s largest oil and gas company, Royal Dutch Shell, to help create a fracking-led energy revolution. Andrew Brown, director of upstream international business and the man responsible for the main revenue-generating side of Britain’s most valuable company, is sceptical about the potential for shale oil and gas development in Britain. Outside North America, Shell’s main focus on what Brown calls “unconventional” oil and gas is in China and Russia. The company is also looking at Ukraine and drilling in Turkey, but using North America as a benchmark, the UK is nowhere near the Anglo-Dutch company’s list of viable prospects. 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 investors sue BP for millions over Deepwater share price crash

Screen Shot 2014-01-30 at 00.47.49Extracts from an article by Jim Armitage, Deputy Business Editor of  The Independent, published 4 July 2014

The pension fund of oil giant Shell is suing arch rival BP and its former chief executive Lord John Browne for millions of pounds over the Gulf of Mexico oil spill catastrophe.

Shell Pension Trust is one of more than a dozen giant UK investment funds who have joined a massive lawsuit against BP and its directors at the time including Tony Hayward, who took over from Lord John as CEO three years before the Deepwater Horizon disaster.

The investors are suing over the dramatic crash in BP’s share price caused by the spill and have won the right to sue under UK law but in the generous Texas court. While they had the right to take action in the High Court in London, they have held out to take their claims in the US where higher awards are likely. 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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