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Posts on ‘January 12th, 2015’

My campaign Against the Huge Nazi Ship: The Pieter Schelte

By John Donovan

Printed below is an article published today by The Jerusalem Post about my campaign to persuade Mr Edward Heerema to change the name of the latest edition to his Allseas fleet, The Pieter Schelte.

It has just arrived in Rotterdam for some final equipment installation and will be bound for the North Sea in four months to begin work decommissioning Shell oil rigs. Shell apparently has no problem with the Nazi name, which is perhaps unsurprising given its own past close association with Adolf Hitler and the Nazi party.  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.

Oil prices renewed their declines on Monday, dropping below $49 a barrel

Screen Shot 2014-10-16 at 12.52.57

Article by Ron Bousso published 12 Jan 2015 by Reuters under the headline:

“Oil prices extend falls; Goldman Sachs slashes forecasts”

LONDON (Reuters) – Oil prices renewed their declines on Monday, dropping below $49 a barrel as Goldman Sachs slashed its short-term forecasts and Gulf producers showed no signs of cutting production.

Both Brent and U.S. crude are around their lowest since April 2009 and have fallen for seven straight weeks on a growing supply glut.

The February Brent contract (LCOc1) was down $1.29 at $48.82 a barrel at 0417 ET. U.S. crude oil for February (CLc1) was down $1.12 at $47.24 per barrel.

FULL ARTICLE 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.

Tumbling oil prices

From a Bloomberg article by Joe Carroll and Tara Patel published 12 Jan 2015 by Business Report under the headline:Screen Shot 2015-01-12 at 08.45.23

“Analysis: Falling oil prices to trigger flood of write-downs”

Extracts

TUMBLING crude prices will trigger a flood of oilfield write-downs starting this month after industry returns slumped to a 16-year low, calling into question half a decade of exploration.

With crude prices down more than 50 percent from their 2014 peak, fields as far-flung as Kazakhstan and Australia are no longer worth pumping, says a team of Citigroup analysts led by Alastair Syme. Firms on the hook for risky, high-cost projects that do not make sense in a $50-a-barrel (R587) market include international titans such as Royal Dutch Shell and small wildcatters like Sanchez Energy. 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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