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October 6th, 2015:

Sanctions do not exclude investment opportunities in Russia – Shell

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Neil Hall / Reuters: 6 Oct 2015

Royal Dutch Shell’s business ties remain strong in Russia and there’s no lack of investment opportunities in the country despite sanctions, said Shell CEO Ben Van Beurden.

“Our interests in Russia stay significant… Sanctions do not mean absence of investment opportunities. We have a very effective and strategic cooperation with Gazprom in different areas… This is still in power. I want to stress that sanctions don’t mean lack of investment opportunities,” he told the Oil & Money conference on Tuesday. read more

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Wishful Thinking

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Screen Shot 2015-09-13 at 14.19.16Christopher Adams, Anjli Raval and David Sheppard: Oct 6, 2015

Royal Dutch Shell on Tuesday warned of the risk of a “spike” in oil prices should Opec keep pumping flat out in the face of an expected decline in output after spending cuts by energy groups outside the producers’ cartel.

Ben van Beurden, Shell’s chief executive, said…

FULL FT ARTICE

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Shell CEO Doing All to Safeguard Dividends Amid Low Oil Prices

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Screen Shot 2015-10-06 at 11.08.41by  Bloomberg: Rakteem Katakey: Tuesday, October 06, 2015

(Bloomberg) — Royal Dutch Shell Plc is “pulling out all the stops to safeguard” its dividend in a world where oil prices remain “lower for longer,” Chief Executive Officer Ben Van Beurden said. 

Europe’s biggest oil company is also protecting its plan to buy back shares, Van Beurden said in e-mailed comments before a speech at an industry conference in London on Tuesday. Shell is also keeping its “investment program steady for the future,” he said.

The halving of oil prices in the past year has forced Shell and its peers to cut costs, defer projects and hunker down for a prolonged period of low oil prices. Even with oil trading for about $50 a barrel, Shell’s Van Beurden and BP Plc boss Bob Dudley have made dividends their top priority. Shell has weathered market ups and downs for seven decades — including oil at less than $10 in the 1980s and 1990s — without cutting dividends. read more

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Shell CEO sees first signs of oil price recovery

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Screen Shot 2015-10-06 at 11.08.41Business News | Tue Oct 6, 2015

Oil markets are beginning to recover but the scale of global oversupply means prices may rise only slowly, the chief executive of Royal Dutch Shell Plc (RDSa.L) said on Tuesday.

“I see the first mixed signs for recovery of oil prices,” Ben van Beurden told an oil industry conference in London.

“But with U.S. shale oil being more resilient than we originally thought and a lot of oil still in stock, it will take some more time to rebalance demand and supply,” he added. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.