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Posts on ‘January 18th, 2016’

Forced smiles at Shell!

Screen Shot 2016-01-18 at 00.18.06FROM AN OLD EP HAND

Strange that Shell pulls out of a ADNOC gasproject but continues with the BG deal (if the shareholders allow it).

Project costs must be at an all time low now and over 30 years this should be a good deal with the same arguments as used for the BG deal!

More gas, more reserves, growing market, prices will increase, shift towards gas, etc etc.

And with Prelude coming along, I worry that in this depressed market there will be tremendous costcutting. This is always good as long as it does not involve cutting corners. But who can guarantee this?? 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 Earnings to Show Depth of Rout as Oil Extends Losses

Screen Shot 2016-01-18 at 14.27.35Shell will on Wednesday become the first major oil producer to announce annual earnings as it enters the final stages of its plan to buy BG Group Plc in the industry’s biggest deal in years. Investors will scrutinize those preliminary numbers for signs Europe’s largest oil company is doing enough to justify the acquisition as crude drops below $30 a barrel. 

Shell has cut thousands of jobs and reduced spending as Chief Executive Officer Ben Van Beurden prepares the company for a prolonged downturn while looking to BG to add production and cash flow. The 18-month slump in crude, the longest since the mid-1980s, has delayed $380 billion of investments in the industry, driven down profits and erased more than $2.7 trillion of oil companies’ market value. 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

The North Dakota Crude Oil That’s Worth Less Than Nothing

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Screen Shot 2016-01-18 at 14.15.28Dan Murtaugh and Javier Blas: 18 JAN 2016

Oil is so plentiful and cheap in the U.S. that at least one buyer says it would need to be paid to take a certain type of low-quality crude.

Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch’s industrial empire, said it would pay -$0.50 a barrel Friday for North Dakota Sour, a high-sulfur grade of crude, according to a list price posted on its website. That’s down from $13.50 a barrel a year ago and $47.60 in January 2014. 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 ditches major Abu Dhabi gas field project

Screen Shot 2016-01-18 at 14.07.39By Ron Bousso: Commodities | Mon Jan 18, 2016 12:07pm GMT

Royal Dutch Shell said on Monday it had decided to exit the multi-billion dollar plan to jointly develop the Bab sour gas field in Abu Dhabi, citing the downturn in the oil market.

The Anglo-Dutch company said that “following a careful and thorough evaluation of technical challenges and costs” it will stop further joint work on the project with the Abu Dhabi National Oil Co. (ADNOC).

Shell won in 2013 a tender that was valued at the time at $10 billion to develop over a 30-year venture the complex sour gas field that involves treating potentially deadly gasses. 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 and VW top list of NGOs ‘most hated’ brands in the UK

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Zlata Rodionova: 18 JAN 2016

Volkswagen has made a list of non-governmental organisations’ “most hated” brands in the UK for the first time, following a turbulent year for the company dealing with fallout from the emissions scandal.

VW came in at fourth place in the survey that named Shell as the most hated brand.

VW is now the seventh least popular brand in the world, according to the survey of more than 7,500 NGOs by Sigwatch, a consultancy.

Robert Blood, founder and managing of Sigwatch, told the Independent that the Volkswagen scandal allowed NGOs to draw attention to the bigger problem of green emissions. 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

VW challenges Shell as world’s ‘most hated’ brand after emissions scandal

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Screen Shot 2016-01-18 at 07.39.12

Screen Shot 2015-12-18 at 08.01.07The emissions scandal has propelled Volkswagen to the fourth spot in a list of brands most hated by NGOs, while Shell retains the top place.

Energy companies dominate the list of the most criticised companies in the world.

Shell’s Artic drilling plans made it a particular target for criticism in 2015, according to research by NGO tracker Sigwatch.

FULL ARTICLE

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

Did Shell Take On Too Much Risk In This Oil Price Environment?

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The $50 billion acquisition is a risky prospect indeed, even though Shell is adamant that after dumping assets and jobs, the acquisition will actually turn a profit at $50 per barrel of crude. According to Shell, this is the worst-case, short-term scenario.

Despite plenty of sentiments to the contrary, Shell is fervently lobbying for this deal to go through. Last week, an influential shareholder advisory group—Institutional Shareholder Services—even recommended that investors embrace the BG takeover, according to the Wall Street Journal. They cited “credible evidence” that Shell was paying a fair price, even in the current oil price slump. 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 boss Ben van Beurden strained and nervous

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By John Donovan

Monday 18 Jan 2016

The Sunday Times reports that Royal Dutch Shell Chief Executive, Ben van Beurden is looking strained and admits to being nervous while watching events unfold.

The events no doubt being the continuing collapse in the price of oil and the related panicked reaction from some major shareholders.

The world is awash with low-cost oil and the end of Iranian sanctions will add to the glut and likely send prices even lower.

Naturally BvB tries to talk up the oil price despite all of the signs being that it is still on the way down and according to some independent experts, likely to remain depressed for a protracted period. 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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