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Posts on ‘November 5th, 2015’

Former head of GCHQ advising Shell and private intelligence firm

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Harry DaviesThursday 5 November 2015 

A former head of GCHQ has become an adviser to Shell and an influential private intelligence company after retiring from the UK’s electronic eavesdropping agency late last year. Sir Iain Lobban’s consultancy with Shell and the holding company of Hakluyt & Co, a boutique corporate intelligence firm established by former MI6 spies, are among a series of private sector jobs the retired spook has taken up over the past year. Both roles are expected primarily to involve advising on risk and cybersecurity. read more

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Shell Canada carbon capture likely last to get Alberta subsidies

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Screen Shot 2015-09-17 at 07.55.40CALGARY, ALBERTA | BY MIKE DE SOUZACommodities | Thu Nov 5, 2015 9:01pm GMT

Royal Dutch Shell’s launch on Friday of Canada’s first oil sands project to capture and bury carbon emissions – assisted by generous public subsidies – will likely be the last to get such funding, the Alberta government said this week.

The left-leaning New Democratic government of the energy-rich Western Canadian province, home to the country’s controversial oil sands, said it no longer plans to fund future efforts using the technology. 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 update on BG takeover stokes fears for North Sea jobs

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The update fuelled fears about the implications for the North Sea, where Shell and BG have around 2,800 staff and contractors working in total. Both have big operations centres in Aberdeen. The company has shed 7,500 posts globally this year in response to the crude price plunge. It has cut 500 North Sea jobs since August last year.

MARK WILLIAMSON / Wednesday 4 November 2015 / Business

ROYAL Dutch Shell has highlighted the potential it sees to slash costs following the planned $70 (£45bn) billion takeover of BG in comments that stoked concern about the likely impact on jobs in the North Sea.

The deal will increase the size of Shell’s business in the North Sea where the oil and gas giant may then make significant cuts as directors try to achieve the returns they are targeting.

In an update on strategy, Shell said it has increased its estimate of the synergies it will be able to squeeze out of the enlarged business by $1bn since the deal was announced in April, to $3.5bn. 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’s boss fights to keep BG deal alive as he attempts to calm jittery investors

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By LAURA CHESTERS FOR DAILY MAIL: 3 November 2015

Royal Dutch Shell chief executive Ben van Beurden is the oil industry’s equivalent of a swan – below his calm demeanour he is furiously paddling to keep his planned £40billion mega-deal afloat.

Shell is buying rival BG Group and, to get the deal away and for it to make sense as the oil price plummets, van Beurden has taken the knife to Shell’s costs and projects.

Investors have been getting jittery as the price of oil has halved since summer 2014 and has stubbornly remained below $60 a barrel since the takeover was announced in April. Brent Crude continues to fluctuate but experts predict the price will stay ‘lower for longer’ than may have been expected.

However, van Beurden, who took on the top job last January and has a lot riding personally on the deal, promises it will still work with an oil price in the mid-$60s a barrel. Yesterday he insisted: ‘Although oil prices have fallen in 2015, the valuation case for the BG acquisition still looks compelling today for both sets of shareholders.’ 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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