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Posts on ‘December 5th, 2014’

How Church’s Leaning Toward Renewable Energy Will Affect BP and Shell

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By: MICHEAL KAUFMAN
Published: Dec 5, 2014 at 10:29 am EST

Companies engaged in the oil businesses are increasingly in the limelight and under pressure to adopt techniques that will assure minimum carbon emissions into the environment. In a recent development, the Church of England (COE) has urged BP plc. (ADR) (NYSE:BP) and Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) to cut carbon emission levels and invest more in renewable energy. The COE, along with church commissioners, that manage a $9.5 billion investment portfolio, and the Church of England’s pension board that manages a $2.34 billion fund, both plan to file shareholder resolutions on climatic change in the next four weeks. 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.

Stichting Shell Pensioenfonds victim of $65 billion Bernie Madoff Ponzi scheme

Screen Shot 2014-10-30 at 09.22.43Shell probably hopes that we have all forgotten that Stichting Shell Pensioenfonds was a victim of the $65 billion Bernie Madoff Ponzi scheme.

By John Donovan

Shell probably hopes that we have all forgotten that Stichting Shell Pensioenfonds was a victim of the $65 billion Bernie Madoff Ponzi scheme. 

Their investment was through Fairfield Sentry, a now-defunct investment fund that placed its money with Bernie Madoff. 

Screen Shot 2014-12-05 at 17.50.11Extracts from a current news article:

The Dec. 11, 2008 discovery that Mr. Madoff’s New York-based brokerage firm was running a $65 billion Ponzi scheme put several VI-registered “feeder” funds into liquidation, including Fairfield Sentry, which had invested the overwhelming majority of its assets with Mr. Madoff. 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.

Key role of Shell lawyers in pioneering Shell Prelude FLNG

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By John Donovan

PRELUDE DESIGNED BY SHELL LAWYERS? MORE IMPORTANT ROLE THAN ENGINEERS? 

What will Bill Campbell make of the boasts from Shell’s chief lawyer Donny Ching, about the pivotal role of Shell in-house lawyers in the world’s first floating liquefied natural gas (LNG) facility, Prelude FLNG?

Extracts from an article about Donny Ching published by The Law Society Gazette on 5 December 2014:

Ching also believes that external law firms would have been no substitute for in-house lawyers in the work they did to build the world’s first floating liquefied natural gas (LNG) facility, Prelude FLNG. 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.

BP a sitting duck

Screen Shot 2014-10-28 at 12.29.57The rumours that surfaced earlier this week that Shell might be taking a closer look at BP are not that ridiculous and in the current climate of lower oil prices and falling profits they actually make perfect sense. The first reason is that BP looks like a sitting duck.

THE TELEGRAPH

Why Shell could buy BP for just £5 a share

One of Britain’s largest and oldest oil companies BP could be about to be sold for just £5 per share

By John Ficenec 05 Dec 2014

One of Britain’s oldest oil companies BP could be about to be sold to its biggest rival for a fiver per share.

The rumoured deal, if realised, would complete one of the most ignominious falls for the once great Persian Oil company that powered Britain’s Navy to victory during the First World War.

BP is now a sitting duck after the Gulf of Mexico disaster, Russian sanctions and the falling oil price combined to drive down the share price to £4.25. Analysts estimate the deal could be done if rival Shell offers a 16pc premium to that price, or about £5, to seal one of the biggest corporate takeovers in the history of the oil industry. 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 Unloved Business Principles

Screen Shot 2014-12-05 at 14.24.25By John Donovan

I have published a number of articles highlighting the fact that Shell appears to have no regard at all for its own claimed business principles displayed on the Internet, which have not been signed/endorsed by the current CEO Ben van Beurden. 

Shell’s disdain for its governing constitution, Shell Business Principles

CEO Ben van Beurden too honest to sign Shell’s Business Principles?

Someone has correctly pointed out that if you visit shell.com on the shell global  webpage, it is possible to download the Shell General Business Principles “in your own language.” If you select “English,”  the version that appears was signed by Jeroen van der Veer, the CEO in 2005, now long retired from Royal Dutch Shell Plc.  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.

IRISH GOVERNMENT RESPONSE ON OSSL/SHELL SCANDAL

Screen Shot 2014-12-05 at 14.03.53In addition to these issues being pursued by Irish TD’s seeking the truth, I now intend to bring these matters to the attention of the U.S. Securities & Exchange Commission in relation to the Foreign Corrupt Practices Act. I will also be circulating a full brief, supported by hard evidence, to every US Senator and Congressman.

By John Donovan

Printed below is a question kindly raised yesterday in the Irish Parliament by Clare Daly TD together with the official response from the Irish Justice Minister Frances Fitzgerald.

My comments are posted under the link to a press statement by Irish Shell.

QUESTION NO: 114
DÁIL QUESTION addressed to the Minister for Justice and Equality (Ms. Fitzgerald)
by Deputy Clare Daly
for WRITTEN on Thursday, 4th December, 2014.

* To ask the Minister for Justice and Equality if she has referred the information brought to her attention in relation to invoices sent from OSSL to Shell and E and P Ireland on 24 August 2012 regarding deliveries of alcohol to Gardaí, to Tax and Customs authorities for investigation; and if she will make a statement on the matter. 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 BP: Return of the megamerger?

Screen Shot 2014-10-28 at 12.29.57Shell talked internally and with bankers about merging with BP and BG Group PLC, said people involved in those talks. Such deals are complicated, but also offer the most potential upside, said Oppenheimer’s Mr. Gheit, because of potentially economies of scale.

 (FROM THE WALL STREET JOURNAL: FRIDAY 5 DECEMBER 2014)

Will Cheap Oil Lead To A New Merger Wave?

By Justin Scheck and Shayndi Raice

When oil prices hit a trough, history points to a likely energy industry response: mergers and acquisitions.

Price crashes in the early 1980s and late 1990s sparked a rash of deal-making that reshaped the industry. A decline in the mid-2000s led the giant firms to pick up smaller companies. Now, with oil’s price down 40% since June, bankers and investors are hoping for a repeat.

Traders are betting on it: BP PLC shares jumped by close to 5% Tuesday after an anonymous Twitter user claimed rival Royal Dutch Shell PLC was going to make a bid. Spokesmen for BP and Shell declined to comment. 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.

Danger to Shell from Class Action Lawsuits Arising from Bribery

Screen Shot 2014-12-04 at 23.00.33By John Donovan

Two articles have just been published about bribery that have relevance to Shell and its shareholders.

An article by The Economist under the headline “Graft work” makes the point that “The most briberiddled sectors are oil, gas, mining, construction and transport.”

Extract

GONE are the days when multinationals could book bribes paid in far-flung countries as a tax-deductible expense. These days would-be palm-greasers have to contend with ever-tougher enforcement of old laws, such as America’s Foreign Corrupt Practices Act of 1977, and a raft of new ones in countries from Britain to Brazil.

The other article worth reading is also in relation to the U.S. Foreign Corrupt Practices Act. Published by the Legal Newsline, it reports on the filing of a class action lawsuit alleging that an oil company – Cobalt International Energy – has violated United States federal law by engaging in bribery with foreign officials. 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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