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Posts on ‘April 23rd, 2015’

Shell Sees Petrobras Emerging Stronger From Corruption Scandal

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Screen Shot 2015-04-08 at 08.12.04By Mario Sergio Lima and Rachel Gamarski published by Bloomberg.com 23 April 2015

Royal Dutch Shell Plc, poised to become Brazil’s biggest oil producer after Petroleo Brasileiro SA, said the state-run driller will emerge strengthened from a corruption scandal and the industry’s biggest debt load.

Speaking to reporters in Brasilia after meeting with President Dilma Rousseff, Chief Executive Officer Ben Van Beurden said Brazil probably will account for 20 percent of Shell’s output by the end of the decade after its planned $70 billion purchase of BG Group Plc. The Hague-based company would consider further growth opportunities in the country if they arise, he said. read more

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Shell’s Brazil strategy factors in Petrobras scandal -CEO

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Screen Shot 2015-04-08 at 08.12.04Shell’s Brazil strategy factors in Petrobras scandal -CEO

Thu Apr 23, 2015 7:04pm BST

(Reuters) – Royal Dutch Shell Plc has taken into account the risks presented by the Petrobras graft scandal to its expanding operations in Brazil and is confident the Brazilian state-run oil company will emerge stronger, Shell’s CEO said on Thursday.

Chief Executive Ben van Beurden said oil production from Brazil’s offshore subsalt region will remain profitable, and predicted that oil prices will rise from the low levels of the past six months.

Van Beurden briefed Brazilian President Dilma Rousseff for 1-1/2 hours on Thursday on his company’s operations in Brazil, where Shell is set to become the second-largest oil producer following its April 8 agreement to purchase rival BG Group. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell to lay off staff, contractors in Norway

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Shell to lay off staff, contractors in Norway

Thu Apr 23, 2015 3:29pm GMT

OSLO, April 23 (Reuters) – Oil producer Royal Dutch Shell will lay off 120 of its 900 workers in Norway and reduce its contractor force by 140 from 350, as low oil prices force it to cut costs, it said on Thursday.

Shell said 100 of the staff cuts would be at its headquarters in Stavanger on Norway’s west coast while 20 jobs would be eliminated at its operations department in Kristiansand.

Oil firms in Norway are expected to cut investments by around 15 percent this year, the industry’s lobby group predicted earlier. Spending could fall further in 2016 as energy firms hold back future developments after crude prices halved. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

How The Majors Are Playing The Oil Price Slump

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Screen Shot 2015-02-01 at 14.48.37Article by Nick Cunningham published 22 April 2015 by OilPrice.com

How The Majors Are Playing The Oil Price Slump

The largest oil and gas companies are employing different strategies to weather the downturn and plan for the future. Each strategy has its risks, and not all may work out. Which companies will emerge stronger after an oil price rebound and which will fall further behind because of bad decisions?

There are different ways to play a down cycle. With oil prices half of what they were in 2014, revenues are significantly lower for everyone across the board. As a result, the oil industry has collectively implemented an estimated $114 billion in spending cuts. But oil executives are also trying to figure out how to grow over the next five or ten years. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell Oil sued for allegedly firing woman on maternity leave

Screen Shot 2014-10-30 at 09.22.43By Annie Cosby: Published 31 March 2014 by The South East Texas Record

A Harris County woman is suing over claims her employment was unfairly terminated.

Nicole L. Ryder filed a lawsuit March 21 in the U.S. Court for the Southern District of Texas (Houston Division) against Shell Oil Co. and Shell Exploration & Production Co., citing violation of the Family and Medical Leave Act.

According to the complaint, Ryder began employment with Shell in June 2008.  In August 2011, Ryder entered a Restricted Cash Agreement to Serve with Shell.

“Under that Agreement, in exchange for a retention payment of $60,300 to be paid at the conclusion of the retention period, Ms. Ryder agreed to remain employed at Shell through July 31, 2013,” the suit states. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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