Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘January 4th, 2016’

Major shareholder sheds BG stake as merger vote looms

Screen Shot 2016-01-04 at 09.10.23

The fund management company cut its holding from 2.2 percent to 0.9 percent and continued offloading shares even after Shell published the deal prospectus, in which the Anglo-Dutch oil major revealed further capex and opex cuts that would boost the merger’s appeal.

Although the mega-merger was announced at a time when oil was pushing multi-year lows, prices have continued sliding since, eroding the immediate financial appeal of the combination.

Shell said last month that it expects the acquisition to break even with Brent crude prices in the low $60s in 2016, while the deal would add to operating cash flow per share at $50 a barrel. 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

NIOC, Shell reach final agreement on debt settlement

Screen Shot 2016-01-04 at 08.55.18

Screen Shot 2016-01-04 at 08.59.13

TEHRAN, Jan. 04 (MNA) – Iran’s NIOC and Anglo-Dutch Shell have reached the final agreement on how to settle the outstanding 2.3-billion-dollar debt.

Upon conducting several negotiations between officials of the National Iranian Oil Company (NIOC) and the Anglo–Dutch Royal Dutch Shell, the two sides eventually reached a consensus of how to pay off the unpaid debt worth 2.3 billion dollars.

Seyed Mohsen Ghamsari, Executive Director for International Affairs at National Iranian Oil Company, confirmed the reaching of an accord with the Shell oil company adding “the resumption of Iran’s crude oil sales to the company remains subject to the payment of previous debts.” 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

EPA investigating gas flaring levels at Corrib gas project

Screen Shot 2015-12-30 at 22.14.08

Screen Shot 2016-01-04 at 08.47.23

Screen Shot 2016-01-01 at 22.23.26

Shell acknowledged that the flaring was “exceptional” on December 31st, and has promised to “take all measures” to minimise further occurrences…

Lorna Siggins: Mon 4 Jan 2016

The Environmental Protection Agency (EPA) says it is investigating the intense flaring of gas at the Corrib gas plant which alarmed north Mayo residents on New Year’s Eve.

The EPA has confirmed it is “liaising and will continue to liaise with the licensee, Shell E&P Ireland Ltd regarding the operation of the flare”.

It says under the project’s emissions licence conditions, flaring can only be used “for safety reasons or for non-routine operational conditions”. 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

Nigeria: Shell Spill Set Ablaze in Bayelsa Community

Screen Shot 2016-01-04 at 08.34.35

Screen Shot 2016-01-04 at 08.37.17

By Igoniko Oduma: 3 JANUARY 2016

Yenagoa — An oil spill site at Oruma/Yiba-Ama community, Ogbia Local Government Area, Bayelsa State, has been set ablaze by unknown persons.

Sources said Shell abandoned the Ogbia segment of the spill incident without carrying out clean-up and remediation of the devastated Oruma/Yiba-Ama environment.

The report of the Joint Investigation Visit (JIV) carried out on the oil spill which was concluded on 25 June, 2015, indicated that the incident was allegedly caused by third party interference with 306 barrels of crude oil spilled. 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
%d bloggers like this: