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Posts on ‘May 2nd, 2015’

Shell, Total align trading and refining units to drive profit growth

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By Dmitry Zhdannikov and Ron Bousso: 1 May 2015

Shell, Total align trading and refining units to drive profit growth

* Shell, Total restructure to combat falling oil prices

* Refinery profits also under pressure from competition

* Oil firms fighting off challenge from trading houses

LONDON, May 1 (Reuters) – Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to drive profits as oil prices fall and independent trading houses expand into their territory.

The restructuring will enable the Anglo-Dutch and French companies’ in-house traders to capture profits faster from the fluctuating prices of the different crude oil sources and products coming through their refineries. 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.

10th Anniversary of Domain Name Win Over Shell

10th Anniversary of Spectacular Domain Name Win Over Shell

By John Donovan

Ten years ago, in May 2005, Shell International Petroleum Company Limited served proceedings in New York against my late father Alfred Donovan, via The World Intellectual Property Organisation (WIPO) in an attempt to seize the top level (.com) domain name for its newly merged company, Royal Dutch Shell Plc.

The new company had arisen from the ashes of the hydrocarbon reserves scandal, which in January 2004, had engulfed The Shell Transport and Trading Company and Royal Dutch Petroleum Company. 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 signals it will accelerate retreat from the North Sea

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Simon Henry, CFO, Royal Dutch Shell Plc

Simon Henry, CFO, Royal Dutch Shell Plc

Article by Mark Williamson published Friday 1 May 2015

Shell signals it will accelerate retreat from the North Sea

THE finance chief of Royal Dutch Shell has signalled the oil and gas giant will accelerate its retreat from the North Sea, saying the area faces a difficult future unless costs and uncertainties are reduced.

Simon Henry said: “Shell is not necessarily a natural owner of assets in the North Sea. Going forward there are other companies who may well have more expertise but also more incentive to squeeze the value from mature assets.”

He added: “The way Shell typically creates value is earlier in the maturity of the life cycle, we helped to develop the North Sea.”

Indicating that Shell will look to sell off more mature assets, Mr Henry said the company could still create value by transferring them to other operators. 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.

Court of Appeal to hear Shell Centre legal challenge

Screen Shot 2015-01-06 at 21.26.38Article by Greg Pitcher published 30 April 2025 by planningresource.co.uk

Court of Appeal to hear Shell Centre legal challenge

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Campaigner George Turner will be allowed to make his case against communities secretary Eric Pickles’ 2014 decision to approve the scheme.

Developer Braeburn Estates – a joint venture of Canary Wharf Group and Qatari Diar – intends to create seven apartments, about 76,000 square metres of office space, 110,000 square metres of residential space, and 6,000 square metres of shops, restaurants and cafés on the site on London’s South Bank.

Pickles agreed with a planning inspector that the proposals should be approved and a High Court judge earlier this year backed his decision and rejected a legal challenge by Turner. 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.

Nigeria: Shell Rules Out Divestment in Nigeria, Others This Year

Simon Henry, CFO, Royal Dutch Shell Plc

Simon Henry, CFO, Royal Dutch Shell Plc

Article by Daniel Adugbo published 1 May 2015 by AllAfrica.com

Shell Rules Out Divestment in Nigeria, Others This Year

Royal Dutch Shell said yesterday it had reduced its expected 2015 capital expenditure (capex) to $33 billion from $35 billion as the company continues to adjust its business to the lower oil-price.

Releasing its first-quarter results yesterday, Shell’s Chief Financial Officer (CFO) Simon Henry said the capex this year would be $33 billion, or “potentially less,” a reduction of at least $2 billion compared with guidance given by Shell three months ago.

Henry said that it had highlighted a number of projects where it could reduce its financial exposure, including the Majnoon project in Iraq and Carmon Creek in Canada. 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’s Simon Henry won’t rule out write-down on Arrow LNG in Queensland

Simon Henry, CFO, Royal Dutch Shell Plc

Simon Henry, CFO, Royal Dutch Shell Plc

Article by Angela Macdonald-SmithEnergy Reporter, The Sydney Morning Herald: 1 May 2015

Royal Dutch Shell has declined to rule out a write-down of its multibillion-dollar investment in its Arrow Energy natural gas venture in Queensland, depending on decisions taken to develop the gas after the oil major’s $US92 billion ($116.62 billion) takeover of BG Group.

Chief financial officer Simon Henry told investors in London that the Arrow venture, owned equally by Shell and PetroChina, needed to think about “the best way forward to monetise” Arrow gas and create value from its position.  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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