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Posts on ‘September 1st, 2015’

Drilling in the Arctic could lock us into catastrophic climate change

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Screen Shot 2015-09-01 at 23.33.36Annie Leonard: Sept 1, 2015

The Arctic sits at the forefront of a rapidly destabilizing climate, and this week President Obama traveled there to highlight the urgency of our world’s climate crisis. We commend the president for his leadership, and yet this trip comes on the heels of his administration’s decision to allow Royal Dutch Shell to drill for oil in the Arctic Ocean, a move that seriously undermines his climate legacy.

Carbon pollution from companies like Shell, history’s sixth largest greenhouse gas polluter, is destroying our climate, and drilling in the Arctic could lock us into runaway climate change, catastrophic climate change really. Rapidly melting ice means previously inaccessible oil and gas is now squarely in Shell’s sights. Shell has already sunk $7 billion into oil exploration in the Arctic, a down payment to get a toehold into the region’s massive energy reserve. Shell has already called the effort a “game changer” for domestic energy production. read more

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Obama’s approval of Arctic drilling ‘undermines his climate message’

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US president’s call for action on climate change is at odds with letting Shell drill for oil in the Arctic, says Bill McKibben read more

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Exclusive : BG puts Thai gas field stake worth $1.2 billion on sale – sources

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HONG KONG/LONDON | BY DENNY THOMAS AND RON BOUSSO: TUESDAY Sept 1, 2015

BG Group plc, which is being acquired by Royal Dutch Shell plc, has put up for sale its 22.2 percent stake valued at around $1.2 billion in Thailand’s huge Bongkot offshore gas field, people familiar with the matter said.

The move represents the first major asset sale planned by BG since Shell agreed to buy the British company in April. The sale process required a green light from Shell, the people said.

BG has been exiting some of its Asian assets and last year sold its Australian gas pipeline business for $5 billion. Some bankers said its decision to sell the Thai gas field points to Shell’s desire to stay focused on its core assets. 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

Exxon Mobil Corporation, Chevron Corporation, BP And Royal Dutch Shell Face Challenging Dividend Environment

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Bidness Etc sheds light on the challenges for companies like Exxon, Chevron, BP, Royal Dutch Shell, and Total SA in sustaining dividend payouts amidst depressed crude oil prices

By: MICHEAL KAUFMANSep 1, 2015 

Crude prices have dropped more than 50% since the highs of June last year, following weak Chinese demand and a global supply glut. Oil companies are already feeling the heat and it will be a challenge for them to maintain dividends in the current scenario.

What is more, the past week saw further deterioration in the market, and the West Texas Intermediate (WTI) plunged into the high 30s following the devaluation of the Chinese yuan. Monday, August 24 saw a global market sell-off and almost all major indexes declined. 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 Arctic Drilling Plans

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By: MICHEAL KAUFMANSep 1, 2015

Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) drilling operations in the Arctic had been temporarily halted due to adverse weather conditions in the region. The company has now resumed part of its operations and has also indicated that drilling plans will continue in full swing once the company completes a comprehensive system check on its operations.

This is the first time since 2012 when Shell will resume operations in the Arctic. Shell halted drilling in the region when its Kulluk rig went aground. At that time, the company was blamed for not fully assessing the situation and failing to evaluate the risks associated with drilling in the Arctic region. 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

Obama on Climate Change: Act Now or Condemn World to a Nightmare

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by HALIMAH ABDULLAH and M. ALEX JOHNSON: NEWS SEP 1 2015

In a forceful address, Obama opened the “GLACIER” conference in Anchorage, Alaska, by declaring: “We are not moving fast enough. None of the nations represented here are moving fast enough.”

Just weeks ago, Obama gave final approval to Shell Oil’s drilling in the Alaskan Arctic for the first time in 20 years — a move that raised the hackles of environmentalists, who accused his administration of hypocrisy. 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 Resumes Operations After Storm Force Arctic Stop

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Screen Shot 2015-08-13 at 11.35.25ANCHORAGE, Alaska — Aug 31, 2015, 10:31 PM ET

Royal Dutch Shell PLC has resumed operations after high winds and rough seas north of Alaska’s northern coast put a temporary stop to exploratory drilling in the Arctic Ocean.

But Shell spokesman Curtis Smith says in a Monday email to The Associated Press that full operations, including drilling, will start again once a systems check is complete and the company is satisfied it’s safe to start drilling again.

He says there’s no timeline for that to be completed. 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

In Alaska, Obama Highlights Climate Change While His Decisions Draw Accusations of ‘Hypocrisy’

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Screen Shot 2015-08-13 at 11.35.25Environmental groups are outraged over his drilling policies.

Kate SheppardSenior reporter/Environment and energy editor, The Huffington Post

WASHINGTON — As President Barack Obama visits Alaska this week, he is facing criticism and outright outrage from environmental advocates who say his focus on climate change while in the region contradicts his administration’s decision to allow Shell to drill there.

The administration granted Shell permission to begin exploratory oil and gas drilling in the Chukchi Sea this summer. And Obama plans to put a major emphasis on climate change during his visit to Alaska, the frontline of climate change’s effects in the United States. Environmental groups say the mixed messaging from Obama constitutes “climate hypocrisy.” The liberal group Credo Action put up a website mocking Obama’s visit as his “Mission Accomplished” moment, likening it to George W. Bush’s 2003 speech declaring that the U.S. had “prevailed” in Iraq. 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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