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Posts on ‘April 28th, 2015’

Dutch parliament reverses burden of proof in gas damage claims

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AMSTERDAM | BY TOBY STERLING:Tuesday 28 April 2015

Dutch parliament reverses burden of proof in gas damage claims

(Reuters) – The Dutch parliament on Tuesday voted to reverse the burden of proof in disputes over damages to buildings caused by the production of gas at Groningen, Europe’s largest natural gas field, a potentially expensive decision.

Estimates of damage to buildings in Groningen by earthquakes caused by gas production range from 6.5 billion euros ($7.1 billion) to 30 billion in the coming 30 years.

Under the motion approved by parliament, the company that operates the Groningen field, a joint venture including Shell, Exxon and the Dutch government, would have to provide evidence that disputed damage claims are bogus, rather than claimants having to show evidence they are legitimate. read more

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Fat cat bosses enjoy a £350,000 pay rise with Royal Dutch Shell chief the top earner on £19.5m

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EXTRACTS FROM MIRROR NEWSPAPER ARTICLE: 29 APRIL 2015

Fat cat bosses enjoy a £350,000 pay rise with Royal Dutch Shell chief the top earner on £19.5m

Fat-cat bosses at Britain’s biggest firms saw their pay and perks surge by an average of £350,000 last year.

Topping the list from the group is Royal Dutch Shell chief executive, Ben van Beurden, who got £19.5m, up from just over £7m in 2013.

Calculations based on figures in Shell’s report showed van Beurden’s package was 218 times more than the oil giant’s average employee owned. 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 financial reports about Arctic drilling are too ‘rosy,’ environmentalists charge

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Screen Shot 2015-04-15 at 13.15.58By Yereth Rosen Alaska Dispatch News: April 28, 2015

Shell financial reports about Arctic drilling are too ‘rosy,’ environmentalists charge

Shell has understated the financial risks of exploring for oil in the Arctic Ocean and federal regulators should investigate possible misrepresentations to investors, critics of the drilling plan said Tuesday.

Oceana, an environmental organization, and the Abrams Environmental Law Clinic at the University of Chicago Law School on Monday petitioned the Securities and Exchange Commission for an investigation into what the drilling critics call “material misstatements and omissions” in Shell’s financial filings. 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 seeks injunction against Arctic drilling protesters

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Screen Shot 2015-04-02 at 14.48.11Shell seeks injunction against Arctic drilling protesters

By DAN JOLING – Associated Press – Tuesday, April 28, 2015

ANCHORAGE, Alaska (AP) – A federal judge on Tuesday will consider a request by Royal Dutch Shell PLC for an injunction against illegal boarding of Arctic-bound drilling equipment by activists from Greenpeace Inc.

U.S. District Court Judge Sharon Gleason on April 11 granted Shell a restraining order to keep Greenpeace from entering a safety zone around a semi-submersible drill rig, the Polar Pioneer, and a heavy lift ship carrying it from Malaysia to Washington state.

Shell hopes to drill exploratory wells this summer in the Chukchi (chuk-CHEE’) Sea off Alaska’s northwest coast. 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

Oil Prices Decline Forces Royal Dutch Shell And Total To Postpone West Africa Offshore Projects

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Bidness Etc looks at Royal Dutch Shell and Total SA’s West Africa projects and why the projects are facing delays

By: MICHEAL KAUFMANApr 28, 2015

The decline in global oil prices has led to a downturn in the energy industry, with oil companies being forced to take drastic steps to address the situation. One of the steps that they have had to carry out is announcing project delays. Hence, it comes as no surprise that Total SA (ADR) (NYSE:TOT) and Royal Dutch Shell plc (ADR) (NYSE:RDS.A) have put their West Africa offshore oil projects on hold for the time being, reports the Financial Times (FT).

However, one positive aspect of the delay in the two companies’ respective projects is that they will get time for contractors’ costs to come down. Large oil companies are eyeing the waters off the West-African coast as one of the key sources of crude oil production in the times to come, FT reports. The multi-billion dollar projects include Shell’s offshore Bonga South West project in Nigeria. Bonga South West is Nigeria’s first Deepwater Development that is over 1,000 meters deep. 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

Groups seek U.S. SEC probe of Shell Arctic drilling risk disclosures

Screen Shot 2015-03-02 at 19.49.45WASHINGTON, APRIL 28, 2015

(Reuters) – An environmental group and a law clinic petitioned the U.S. Securities and Exchange Commission to investigate whether Royal Dutch Shell has adequately disclosed to investors the risks of oil exploration in the harsh Arctic waters, the groups said on Tuesday.

The U.S. Interior Department is mulling whether Shell can drill test wells for crude and gas off Alaska this summer. The company abandoned exploratory drilling efforts in 2012, an accident-plagued season in a region with little infrastructure for emergency response. 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

Royal Dutch Shell Arctic Assessment Understated, Say Environmental Groups

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Royal Dutch Shell Arctic Assessment Understated, Say Environmental Groups

Bidness Etc discusses why environmental groups want Shell to reassess the risks for drilling in the Arctic, and that the previous report undermined the drilling risks involved

By: MICHEAL KAUFMANApr 28, 2015

Major oil companies to safeguard themselves from the lower crude oil prices are cutting back on investments and spending. Royal Dutch Shell plc (ADR) (NYSE:RDS.A) is no different and is planning to undertake similar spending plans when it announces earnings on Thursday.

Cuts in capital spending are vital for Shell. Shell recently acquired BG Group plc (ADR) (OTCMKTS:BRGYY) for $70 billion. In addition, the company plans on spending $1 billion for drilling in the Alaskan Arctic. These investments mean that the company would need to make substantial cuts in order to sustain a favorable cash position. 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

Groups Want Review of Shell’s Arctic Regulatory Filings

Screen Shot 2015-04-02 at 14.53.31Article by Dan Joling of Associated Press published 28 April 2015 by ABC News

Groups Want Review of Shell’s Arctic Regulatory Filings

Two groups petitioned the U.S. Securities and Exchange Commission on Monday for an investigation of Royal Dutch Shell PLC and what the groups call misstatements in regulatory filings regarding the risk of a catastrophic oil spill from Arctic offshore drilling.

The petition was filed Monday by Oceana and the Abrams Environmental Law Clinic at the University of Chicago Law School.

Mike LeVine, an attorney for Oceana, argued that Shell has not disclosed to investors that its response measures to a major or catastrophic spill are unlikely to work. 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 Faces Pressure to Disclose Priorities

Article by JUSTIN SCHECK published April 28, 2015 by The Wall Street Journal

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Investors this week will seek answers on cost-cutting, BG deal, Arctic drilling

LONDON—When Royal Dutch Shell PLC reports quarterly earnings on Thursday, investors will be hoping for some detail on how the company plans to cut spending to weather today’s low oil prices—and simultaneously spend huge sums.

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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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