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December 23rd, 2014:

Shell’s future in the Arctic looks doubtful

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By: MICHEAL KAUFMAN
Published: Dec 23, 2014 at 12:38 pm EST

There is a large question mark on whether Royal Dutch Shell (ADR) (NYSE:RDS.A) will continue a new round of drilling in the Chukchi Sea and the Beufort Sea in the Arctic or not. The company earlier filed a lawsuit against a group of environmentalists to avoid any legal challenges in the future. The lawsuit sparked criticism from authorities and posed several problems for the Dutch oil giant.

Shell acquired the leases in 2008, after receiving approval from the Bureau of Ocean Energy Management (BOEM). But a lawsuit was filed blaming BOEM for taking arbitrary estimates which were not reliable. BOEM as a result revised its assessment and issued a supplementary environmental statement, which revealed that around 4.4 billion barrels of crude oil could be pumped compared to the previous estimate of one billion barrels. 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.

Idemitsu Showa Shell merger talks could trigger more consolidation

Screen Shot 2014-12-22 at 21.10.24Reuters article published Tuesday 23 December 2014 under the headline: Japanese refining merger talks could spur more consolidation

It seems that the forecast wave of mergers in the oil industry arising from the collapse in oil prices has kicked off in Japan. Also fits in with Shell’s fire sale strategy. 

Extracts

Consolidation looks to have kicked off with Japan’s No. 2 refiner Idemitsu seeking to buy No. 5 Showa Shell in a 500 billion yen ($4.2 billion) deal that would bring them close to industry leader JX Holdings.

The combined company would have annual sales of about 8 trillion yen, making it the second biggest after the leader JX Holdings and control about 30 percent of Japan’s gasoline market. JX has 33 percent of Japan’s oil market.

Consolidation is further supported by the crash in oil, which has seen prices almost halve since June, resulting in falling stock prices for energy firms and reduced asset values, offering opportunities to cash rich investors. 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.

U.S. litigation arising from secrecy issues surrounding groundbreaking IP technology coveted by Shell

Screen Shot 2014-12-23 at 00.28.33Alleged industrial espionage by Shell Oil Company: A senior individual in the U.S. intelligence community was authorised by U.S. Dept. of Defense government attorneys to confirm to me that an investigation directed at Shell USA had been initiated by the US Department of the Navy, Naval Criminal Investigative Service (NCIS).

By John Donovan

In 2010, I published an article revealing that four years earlier, U.S. authorities had launched an investigation into alleged industrial espionage by Shell Oil Company.

When I approached the then Chief Ethics & Compliance Officer of Royal Dutch Shell Plc, Mr. Richard Wiseman, about the story, this was his initial response on 29 June 2010:

I have no comment to make on this. You should not take this as an indication of our accepting or denying the allegations.

and later the same day: 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.