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Posts on ‘July 26th, 2014’

Oil majors BP and Shell may be ready for more mergers

Some of Shell’s big shareholders are said to be frustrated by the company’s continued spending on expensive far-flung projects that fail to yield healthy returns. Alongside its profit warning at the start of this year, Shell announced that it was halting a controversial exploration programme off the coast of Alaska because the costs had far outweighed the results. Some $4.5bn had been ploughed into exploring in the region since 2005. Rumours continue to swirl that an activist investor is circling Shell with a view to taking a stake and forcing it adopt a more radical strategy. 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 vs. Bodo Community: British Court To Hear Evidence In Nigeria

Screen Shot 2014-02-10 at 16.29.29Extracts from an article by Tunde Oyedoyin published by The Guardian Nigeria on Friday 25 July 2014

A BRITISH court will temporarily sit in Nigeria next year in a bid to determine how much compensation Shell Nigeria should pay to the fishermen of the Bodo community, who were affected by the two massive oil spills that occurred in their area in 2008 and 2009.

Although the decision to hear evidence from the fishermen was taken during a previous sitting on June 20, when the case was heard again Friday in Courtroom 20 of the Technology and Construction Court (TCC), Chancery Lane, Mr. Justice Akenhead confirmed that he will be sitting in Port Harcourt for two weeks, beginning May 5, 2015. 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.

Offshore oil plan could be ‘game over’ for climate

Screen Shot 2014-04-04 at 09.49.25Extract from an article by Professor Richard Steiner published 25 July 2014 by The Arctic Sounder

Already suffering extreme effects of climate change, drilling in the Arctic Ocean would make matters worse by adding significant industrial disturbance, including platforms, pipelines, tankers, ports, ship and air traffic, underwater noise, suspended sediment, and of course oil spills with no hope of cleanup. The area’s remoteness, severe weather and icy seas make drilling here a high-risk, unacceptable gamble.

Just ask Shell Oil. In perhaps the most intensely scrutinized offshore drilling project in history, Shell’s calamitous 2012 Arctic drilling effort off Alaska displayed arrogance, incompetence, and a reckless disregard for the risks involved. 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 Leaves Business Strategy for Russia Unchanged Despite Sanctions

Screen Shot 2014-02-10 at 16.29.29British oil giant is determined to continue its work in Russia and will not change its business strategy in the country, despite the sanctions imposed against Moscow by the United States and European Union, representative of Shell’s press service told RIA Novosti on Friday.

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MOSCOW, July 25 (RIA Novosti) – British oil giant is determined to continue its work in Russia and will not change its business strategy in the country, despite the sanctions imposed against Moscow by the United States and European Union, representative of Shell’s press service told RIA Novosti on Friday.

“Shell continues to run business in Russia both in the upstream and downstream without any changes. We monitor the situation regarding the sanctions. But so far there have been no changes in either the business itself or in the business strategy,” the source 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.

Shell Oil Co. Removes Toluene Bladder Cancer Lawsuit to Florida Federal Court

Screen Shot 2014-02-10 at 16.29.29Extracts from an article posted by Harris Martin Publishing on 25 July 2014

July 25, 2014

ORLANDO, Fla. –– Shell Oil Co. has removed a toluene exposure lawsuit to a Florida federal court, noting that while it is a Delaware corporation with a principal place of business in Texas, the plaintiff resides in Florida.

Shell Oil Company removed the complaint to the U.S. District Court for the Middle District of Florida on July 18, citing diversity jurisdiction and, further, noting that the amount in controversy exceeds $75,000.

In her lawsuit, plaintiff Celeste Keys contended that her exposure to the chemical compound toluene caused her to develop bladder cancer. 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 vs BP – who wins?

Screen Shot 2014-02-10 at 16.29.29Extracts from an Interactive Investor article by Harriet Mann published Friday 25 July 2014

Although Barclays expects Shell to report the weakest quarterly momentum in the sector, driven by weak European natural gas prices, the City is largely bullish, with Deutsche Bank rating the stock ‘buy’ and JPMorgan and Barclays rating it ‘overweight’.

“With Shell’s financial rehabilitation seemingly underway our sense is that the portfolio and prospects means that the name is, once again, set to be (rightly) viewed as the premium Euro super-major. As the cash cycle moves back towards balance and investors gain confidence in income funding we expect the yield premium at which Shell trades to come,” Deutsche says. 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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