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Posts on ‘March 20th, 2015’

Judge: Suit against Shell’s Arctic-drilling ‘homeport’ in Seattle can go ahead

Screen Shot 2015-03-02 at 19.49.45Article by Joel Connelly published 20 March 2015 by seattlepi.com

Judge: Suit against Shell’s Arctic-drilling ‘homeport’ in Seattle can go ahead

Critics are on solid legal ground in a legal challenge to the location of a “homeport” for Shell Oil’s Arctic-drilling fleet at the Seattle waterfront, a King County Superior Court judge ruled Friday.

The ruling by Judge Mariane Spearman allows a suit against the Port of Seattle, brought by four environmental groups, to go ahead.

The judge backed up foes’ argument that proposed uses of Terminal 5 go far beyond the “cargo terminal” allowed under the current shoreline development permit that the port has with the city of Seattle. 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 and Eni Struggle To Control Oil Spills In Nigeria

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By: MICHEAL KAUFMAN
Published: Mar 20, 2015 at 9:35 am EST

As reported by Bloomberg, Amnesty International has indicated that Royal Dutch Shell plc (ADR) (NYSE:RDS.A) and Eni SpA (ADR) (NYSE:E) are finding it difficult to control the oil spills in Nigeria. Amnesty International asserted that both companies have been involved in over 550 oil spills in the Southern Niger Delta River. This is much higher than the average of ten oil spills per year in Europe from 1971 to 2011.

Nigeria is regarded as one of the major crude oil producers. According to Bloomberg, the country records daily production of two million barrels. Hence, it has attracted the attention of many major energy companies. The oil spills are a major source of concern for the residents of the country. The Nigerian community believes that oil spills lead to serious environmental concerns. The fisherman community, in particular, feels that the spills are damaging the fishing villages in the Niger Delta. 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.

SPDC Completes Sale of Oil Mining Lease 18 in Nigeria

Screen Shot 2015-03-20 at 08.17.47Cautionary note: Shell has a track record in Nigeria of repeated oil spills; toxic gas flaring without end; arming police thugs; hiring militant gang leaders; hanging Nigerian campaigners while in bed with one particularly despotic regime; paying bribes to corrupt Nigerian government ministers and infiltrating spies into the Nigerian government.

THE HAGUE, The Netherlands, March 20, 2015 /PRNewswire/ —

The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell) (NYSE: RDS.A) (NYSE: RDS.B), has completed the assignment of its 30% interest in oil mining lease (OML) 18 and related facilities in the Eastern Niger Delta. Its interests in OML18 were assigned to Eroton Exploration & Production Company Limited. Total cash proceeds for Shell amount to $737 million.

This divestment is part of the strategic review of SPDC’s onshore portfolio and is in line with the Federal Government of Nigeria’s aim of developing Nigerian companies in the country’s upstream oil and gas business. 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 Leads Gulf Sale Bids

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By: MICHEAL KAUFMAN: Published: Mar 19, 2015 at 1:06 pm EST

Extracts

The Oil and Gas Journal, quoting US Bureau of Ocean Energy Management (BOEM), has reported that the Gulf of Mexico, Central Planning Area Lease Sale 235 attracted around 195 bids from 42 companies. Major energy companies such as Statoil ASA (ADR) (NYSE:STO), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM) and Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) led the bids.

Shell was the highest bid placer placing around 17 bids amounting to $37.89 million. 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.

Africa: Statoil’s Historic Disclosures Blow Holes in Exxon and Shell’s Campaign for Secrecy

Screen Shot 2015-03-20 at 08.17.47Statoil’s disclosures deal a major blow to efforts by a small number of backward looking oil firms, including ExxonMobil, Royal Dutch Shell and BP, to weaken the U.S. transparency rule. Unless transparency rules include these elements, they will give companies a licence to continue making corrupt payments.

Extracts from a Press Release by Global Witness published 19 March 2015

Transparency campaigners call on the U.S. Securities and Exchange Commission to follow Norway’s lead

The Norwegian energy giant Statoil today became the first major oil company to publish its payments to governments under a new, mandatory transparency standard being rolled out across the world. As the Securities and Exchange Commission works to create a similar transparency rule for US-listed oil and mining companies, campaigners in the Publish What You Pay coalition are calling on U.S. regulators to follow Norway’s lead. (1) 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.

Massive Layoffs Occurring in the Oil Industry

Screen Shot 2015-01-12 at 08.45.23From an article by Wall Street Sector Selector Staff published 19 March 2015 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.

Will Royal Dutch Shell Cut Its Dividend?

Screen Shot 2015-01-12 at 08.45.23From an article by Tim McAleenan Jr. published 19 March 2015 by Seeking Alpha

Will Royal Dutch Shell Cut Its Dividend?

Summary

  • Royal Dutch Shell’s current dividend payout ratio is over 90%, putting the safety of the dividend in question.
  • The good news for investors is that the company is sitting on $21 billion in cash, and likely has the ability to continue paying its dividend throughout continued low prices.
  • The bad news for investors is that Royal Dutch Shell’s reserve replacement rate is only 47%, and this will affect the company’s long-term earnings power for producing oil.
  • 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.

    Arctic Drilling: Key decisions due at end of March for Shell

    Screen Shot 2015-03-02 at 19.49.45ARTICLE BY TIM BRADNER OF ALASKA JOURNAL OF COMMERCE, PUBLISHED 19 MARCH 2015

    Key decisions due at end of March for Shell

    Extracts

    A key federal decision is shaping up for Shell at the end of this month.

    The U.S. Bureau of Ocean Energy Management, or BOEM, expects to issue a final decision by March 31 on a revised environmental impact statement of the Chukchi Sea 2008 Outer Continental Shelf lease sale that has been contested in court by environmental groups, the director of the agency said March 13.

    Abigail Hopper, director of the BOEM, said a Record of Decision on a revised supplemental environmental impact statement, or SEIS, is to be issued. 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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