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Posts on ‘July 31st, 2014’

Shell says its underperforming European refineries to get no mercy

Screen Shot 2014-02-10 at 16.29.29Extract from Reuters article published Thursday 31 July 2014

(Reuters) – Anglo Dutch oil company Royal Dutch Shell will show no mercy to underperforming oil refineries in Europe as it seeks to improve returns, its chief executive said on Thursday.

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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.

Sanctions: Bloomberg warns of ‘DefCon 5’ reprisal by Russia on Royal Dutch Shell

Screen Shot 2014-07-31 at 11.19.33

By John Donovan

This morning the oil giant Royal Dutch Shell Plc announced its second quarter results.

In subsequent news coverage, Bloomberg commentators said they were stunned by the lack of comment by Shell on the risk of reprisals by Russia to the recent announcement of EU sanctions targeting the Russian  oil and gas industry.

Ryan Chilcote of Bloomberg raised the prospect of what he described as a Def Con 5 reprisal by Putin seizing Shell assets – see screenshot.

Extract

July 31 (Bloomberg) — Bloomberg’s Ryan Chilcote reviews second-quarter results from Shell and looks at the potential negative impact of their exposure to Russia. He speaks on “The Pulse.” 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 Profit Rises on Higher U.S. Oil and Gas Prices

Screen Shot 2014-02-10 at 16.29.29Extracts from a Bloomberg News article by Eduard Gismatullin published 31 July 2014

Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, said second-quarter earnings rose 33 percent on higher U.S. energy prices and increased production. Profit excluding one-time items and inventory changes gained to $6.1 billion from $4.6 billion a year earlier, The Hague-based Shell said today in a statement. Chief Executive Officer Ben van Beurden, who took over from Peter Voser at the start of the year, is accelerating asset sales and reviewing spending plans to win investor support. He needs a return to profit in the Americas’ operation, where the company is deploying about $80 billion. 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 boosts FTSE 100 after earnings double

Screen Shot 2014-02-10 at 16.29.29Extracts from a MarketWatch article published 31 July 2014

LONDON (MarketWatch) — The U.K.’s benchmark’s stock index rose for the first time in two days on Thursday, getting a lift from shares of Royal Dutch Shell PLC after the oil giant’s earnings jumped in the second-quarter. The oil major said its second-quarter profit more than doubled as it benefited from higher liquid-petroleum prices and higher prices for specific products.

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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.

Woodside’s Buyback Deal With Shell at Risk of Being Blocked

Screen Shot 2014-02-10 at 16.29.29Extracts from a Bloomberg News article by James Paton dated 31 July 2014

Woodside Petroleum Ltd plan to buy back shares from Royal Dutch Shell Plc for $2.7 billion is at risk of being rejected by shareholders as it falls short of the votes needed to proceed. The buyback is part of Shell’s deal last month to raise $5 billion trimming most of its 23 percent stake in Australia’s second-largest oil producer. A no vote would leave Shell with a larger, unwanted stake, and add to Woodside’s frustrations after a plan to invest as much as $2.6 billion in an Israeli gas project collapsed, according to Macquarie Group Ltd. 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’s Pearl GTL: The Largest Gas-To-Liquids Plant In The World

Screen Shot 2014-02-10 at 16.29.29Extract from a Rigzone article published Wednesday 30 July 2014

In 2008, Shell announced it would partner with Qatar Petroleum and build Pearl GTL in order to produce cleaner-burning diesel and kerosene, base oils for top-tier lubricants, a chemical feedstock called naphtha (used to make plastics) and normal paraffin, which is used to produce detergents. Today, the plant in Ras Laffan Industrial City, 80km north of Doha, Qatar, is the largest gas-to-liquids plant in the world. 

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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.

Harry Brekelmans joins Royal Dutch Shell Plc Executive Committee

Screen Shot 2014-02-10 at 16.29.29Royal Dutch Shell plc today announced the appointment of Harry Brekelmans as Projects & Technology Director with effect from October 1, 2014.

In his new role, Harry will become a member of the Executive Committee and will take over from Matthias Bichsel who will be leaving the company after 34 years.

Harry is a Dutch national and currently Executive Vice President Operated, Upstream International. He joined Shell in 1990 and has held a variety of international management positions.

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 sees ‘robust’ profits rise

Screen Shot 2014-02-10 at 16.29.29BBC News article published 31 July 2014

Oil giant Royal Dutch Shell has described its performance as “robust” after its second-quarter profits more than doubled.

Shell said profits for the period rose to $5.15bn (£3bn) from $2.39bn a year earlier.

Stripping out the impact of one-off charges, underlying profits were still 33% higher at $6.13bn.

Chief executive Ben van Beurden hailed the company’s “recent improved performance”.

The results come in sharp contrast to Shell’s performance in the first three months of the year, when it reported a 44% drop in profits after writing down the value of refineries in Asia and Europe. 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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