From Business News Network: 9 Jan 2015
BNN Exclusive: Shell Canada lays off oil sands workers
January 9th, 2015:
Panic sets in: Shell Canada job cuts
Panic sets in: Shell books supertankers to store crude at sea
Shell books supertankers to store crude at sea
iNVEZZ.com, Friday, January 09, Royal Dutch Shell Plc (LON:RDSA) has this week hired supertankers to store crude at sea in an attempt to stockpile oil supplies following the plunge in world prices, Reuters has reported. Shares of the Anglo-Dutch group have fallen so far in today’s trading session.
Shell to Sell Malaysian Refinery?
From a Reuters article published Friday 9 Jan 2015 under the headline:
“Malaysia’s Shell Refining explores options in face of weak margins”
Royal Dutch Shell Plc a Basket Case Long After 2015?
From an article by Royston Wild published Friday 9 Jan 2015 by The Motley Fool under the headline:
“Why Royal Dutch Shell Plc, BHP Billiton plc And Royal Bank of Scotland Group plc Will Remain Basket Cases Long After 2015”
Royal Dutch Shell has seen its earnings forecasts painted with red ink; Shell is expected to see earnings drop a meaty 15% in 2015; …the effect of a depressed oil price is likely to put many producers out of business…; Shell could be forced to hive off even more of its assets…
Like the rest of the oil sector, Royal Dutch Shell (LSE: RDSB) has seen its earnings forecasts painted with red ink by City analysts in recent weeks.
Shell is expected to see earnings drop a meaty 15% in 2015, to 295.3 US cents per share. But while a 10% improvement is anticipated for next year, to 325.5 cents, a slumping oil price suggests otherwise. The Brent benchmark’s nosedive took in a fresh multi-year trough below $50 per barrel this week, the lowest since mid-2009, and a figure of $20 before the year is out is being touted with increasing confidence.
Oil Price Crash Threatens Shell and BP’s Dividends
Should BP and Shell conserve cash or pay out dividends to please shareholders? Bidness Etc discusses the dilemma being faced by the oil giants amid plummeting crude oil price
By: MICHEAL KAUFMAN
Published: Jan 9, 2015 at 6:57 am EST
In recent months, questions have been raised if it is prudent for companies to pay out dividends or build up cash reserves. With crude oil falling below the $50 per barrel barrier, many energy firms have had to cut their capital expenditures (capex), halt expansion plans, get more debt, and sell off assets.
Sacrificing revenue growth and selling off valuable assets is not a sustainable way to balance cash flows, but should the companies continue to pay billions of dollars in dividends? Perhaps, it would be wiser to withhold dividend payments to protect the company from negative impacts of falling cash flows.
BP To Cut Jobs And Capital Spending
Bidness Etc discusses the capital spending reduction and job cuts planned by BP for this year and the reasons for doing so. Future prospects of the oil giant are also looked upon
By: MICHEAL KAUFMAN
Published: Jan 8, 2015 at 8:56 am EST
BP plc (ADR) (NYSE:BP) is looking to divest more assets in the US as effects of lower crude price continue to take their toll on the oil companies. Crude oil price since June has fallen over 50%. West Texas Intermediate during pre-market trading on Thursday gained 0.3% to $48.9, while Brent crude was trading at $51.2 per barrel. Currently crude oil price is hovering around its five-and-a-half year low.
In addition to falling oil price, the British oil major has been charged a maximum fine of $18 billion regarding the 2010 Gulf of Mexico oil spill. Therefore, to improve its liquidity position BP is undertaking major divestments and has significantly reduced capital spending. BP has undertaken asset divestitures of $42 billion and further asset divestitures worth $10 billion are expected by the end of this year.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
