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July 18th, 2014:

Royal Dutch Shell legal battle ready to roll

Screen Shot 2014-06-21 at 15.33.18Extract from a Motley Fool article by Royston Wild published Friday 18 July 2014 under the headline: The Risks Of Investing In Royal Dutch Shell Plc

Like its industry rival BP, Shell also faces the prospect of being dragged through the courts — and having to incur huge legal penalties — as a result of a major oil catastrophe.

Some 11,000 villagers from the Nigerian village of Bodo are taking action against the business after thefts from the Bomu-Bonny pipeline caused two large oil spills in 2008. Shell had initially offered to compensate claimants to the tune of £30m back in 2011, an offer which it repeated after an initial hearing at the UK High Court in June. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Impact on Royal Dutch Shell from Putin’s Missile

Screen Shot 2014-07-18 at 10.15.15

Screen Shot 2014-02-10 at 16.29.29The whole geopolitical situation has now become even more precarious following the deliberate shooting down of the Malaysian Airlines Flight MH-17. If that was not bad enough, it transpires that over 170 of the people on board the ill-fated flight were Dutch and three of the passengers were Shell employees. What will Ben van Beurden do if it is confirmed that the Sun front page headline today is accurate, bearing in mind that Putin has already annexed Crimea and is behind the rebels/terrorists trying to grab an even larger slice of the Ukraine for him?  

By John Donovan

Shell’s relationship with Russia and the Ukraine became more difficult earlier this week when the USA escalated sanctions against Russia, targeting in particular Russian energy giant Rosneft and Gazprombank, the financial arm of Gazprom. 

Rosneft and Gazprom are controlled by the corrupt and aggressive Putin regime. Both companies have important business dealings with Shell.

Shell has already pledged to comply with all international sanctions against Russia, but the pledge seems at odds with grovelling comments made to Putin on 18 April 2014 by Royal Dutch Shell CEO, Ben van Beurden.  read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell suspends development of Canada’s Jumping Pound gas liquefaction unit

Screen Shot 2014-02-10 at 16.29.29Extracts from a Reuters article published Friday 18 July 2014

LONDON, July 18 (Reuters) – Royal Dutch Shell said it has suspended development of a liquefaction unit at Canada’s Jumping Pound facility…

“We believe LNG (liquefied natural gas) in transport is a considerable opportunity for Shell, but it is an emerging market and we must have a balanced approach to its development,” a company spokseman said. 

The shale gas production boom has pulled down natural gas prices in North America, making LNG competitive with oil in the transport sector, but development costs remain high. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

LNG spot crash persists as Shell bizarrely talks it up

Screen Shot 2014-02-10 at 16.29.29Extracts from an article published by macro business.com on 18 July 2014

Prices of spot liquefied natural gas (LNG) for August delivery to Asia plummeted 26.5% year-over-year to an average $11.365 per million British thermal units (/MMBtu), the lowest monthly average since April 2011, the latest Platts Japan/Korea Marker (JKM) for month-ahead delivery showed. The drop came as supply continued to outweigh demand.

So, supply is already crimping prices at the margin, even accounting for seasonality. Not good news for Australia’s overpriced magnificent seven projects, though they are protected by oil-linked contracts for now. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.