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Posts on ‘September 19th, 2015’

Why we MUST drill for oil in the Arctic: Shell boss’s message to climate change campaigners and governments

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By JON REES, FINANCIAL MAIL ON SUNDAY: 20 Sept 2015

Some green campaigners seem to believe Shell boss Ben van Beurden would be happy dunking polar bears in thick, black crude oil if it helped make the planet even hotter.

But van Beurden, the 57-year-old engineer who has run Royal Dutch Shell for nearly two years and has given the company the green light to drill in Arctic waters, believes his view of the world’s future is considerably more honest than that of many environmentalists.

‘The amount of energy we consume is going to double in the first half of the century so we will have to supply twice as much as we do today as an industry. Most renewables produce electricity, and electricity is just 20 per cent of the energy mix. Where is the other 80 per cent going to come from?’ says the Dutchman. read more

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Shell’s dividend gusher can survive a prolonged siege

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If the oil price stays low, Shell’s van Beurden may have to eat his words Photo: AFP

Sunday Telegraph: Jeremy Warner: 20 Sep 2015

Ben van Beurden, chief executive of Royal Dutch Shell, is on a charm offensive to convince investors – and the press – that both the dividend is safe and the pending £45bn takeover of BG Group will proceed as planned. These promises attempt to address what is in essence the same underlying worry – the low oil price and its prospects for recovery.

In each case, the markets are plainly sceptical. Shares in Shell are on a barely believable yield of more than 7 per cent, indicating a high probability of a dividend cut to come, while BG shares trade on a discount of more than 10 per cent to the see through value of Shell’s offer. 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/Exxon NAM JV cuts 2000 jobs due to low oil price and liability for Dutch earthquakes

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Screen Shot 2015-09-02 at 14.32.29“Thousands of buildings have been damaged in earthquakes caused by the ground settling after the gas has been removed. ‘NAM has continued to drill in Groningen even though it is well aware of the risks, and has put dozens of lives in danger…”

By John Donovan: Saturday 19 Sept 2015

A spokesperson for the Dutch Petroleum Company (NAM) – a joint venture between Royal Dutch Shell and ExxonMobil – confirmed earlier today that the Company is cutting 2,000 jobs.

The downsizing results from the collapse in oil and gas prices and concern over massive multi-billion dollar liability arising from the NAM induced earthquakes in Holland arising from gas extraction at the Groningen field. 

RELATED

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Top lawyer takes on NAM over Groningen quake dangers

High profile lawyer Gerard Spong has made a formal complaint against gas extraction company NAM, saying he holds it responsible for deliberately damaging houses and other property in Groningen province. 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 completes Corrib as partner confirms €243m loss

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Shell Ireland has declared that the on-site work is now complete for the gas to flow from the Corrib Gas field.

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Some of the more than 900 employees pictured during construction of the Corrib Gas Processing Terminal at Bellanaboy.

Irish Independent: By Gordon Deegan: Saturday 19 Sept 2015

Shell Ireland yesterday declared that on-site work is complete for gas to flow from the Corrib gas field.

Shell E&P Ireland confirmed that from a technical point of view, production of gas can now start – 19 years after gas was discovered in the gas field off the coast of Mayo.

However, the Corrib Gas Partners cannot commence production until two separate permits are granted by the Environmental Protection Agency (EPA) and the Dept of Communications, Energy and Natural Resources. 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

Iran to allow construction of 100 Total and Shell gas stations

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18 Sept 2015

Total and Shell have been given the green light to build 100 gas stations across Iran in the near future, after approval by government officials. This will be the first time foreign branded gas stations will operate in the country.

The 100 gas stations, which also received the approval from Bijan Haj Mohammad Reza, the chairman of the trade union of Iran’s filling station, will spread across different Iranian regions, according to Iranian news website Oilnews.

“For the first time Iran’s Petroleum Ministry will give permission for the construction of gasoline stations under any brand in the country,” he said. 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

IF SHELL FINDS OIL IN CHUKCHI SEA, WHAT NEXT?

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Screen Shot 2015-06-13 at 09.26.5318 September 2015

The short drilling season for oil exploration in U.S. Arctic offshore waters will reach one stopping point Sept. 28 and a complete halt Oct. 31 for Royal Dutch Shell Plc. The company has been drilling since July 30 at the Burger prospect in the Chukchi Sea north of Alaska. If oil is discovered, it will require some very interesting and complicated development decisions and regulatory considerations.

Shell has come a long way to get this far. It acquired a set of leases over the Burger prospect in 2008 and has spent about $7 billion on trying to develop the leases. Shell, operating through its subsidiary Shell Gulf of Mexico Inc., did not report a discovery from the well it drilled in 2012, and no one has ever yet discovered oil in the Chukchi — not oil in commercial quantities, at any rate. A dry hole is always a possibility. 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

Actors join campaign to draw attention to Arctic issue

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Screen Shot 2015-08-29 at 23.17.56By DAN JOLING: 18 Sept 2015

ANCHORAGE, Alaska (AP) — Critics of Arctic offshore petroleum drilling have used climbing gear, kayaks and polar bear costumes to protest industrial activity in the Arctic. They’re now trying humor.

Actors Alexander Skarsgard of “True Blood” and Jack McBrayer of “30 Rock,” along with Andy Bichlbaum of “The Yes Men” activists, are on a Greenpeace ship in the Greenland Sea with a team from the Funny or Die production company to make a comedy series focused on industrial threats to the Arctic. 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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