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Posts on ‘February 4th, 2016’

Curious coincidence involving Shell, Iran, Noble Corp and $2.16 billion: Update

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Screen Shot 2015-11-20 at 08.55.47By John Donovan

In June 2015, we published an article by a regular contributor under the headline: Curious coincidence involving Shell, Iran, Noble Corp and $2.16 billion

I was contacted recently by a gentleman who carried out work on the infamous Noble Discoverer drillship, which may currently be up for sale in Singapore.

He recently read the article and based on his insider knowledge, says that it would explain a lot.

He claims that a colleague working on the rig speculated, even before the publication of our article, that the Discoverer was part of a giant money laundering scheme.  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 Profit Down 56 Percent on Depressed Oil Prices

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Screen Shot 2016-01-14 at 00.11.12Shell’s Profit Down 56 Percent on Depressed Oil Prices

By STANLEY REEDFEB. 4, 2016

LONDON — Royal Dutch Shell became the latest big energy company to file a damage report on the impact of depressed oil prices on Thursday, saying that its adjusted profit fell 56 percent in the fourth quarter of 2015 compared to a year earlier.

Shell said earnings adjusted for inventory changes were $1.8 billion, down sharply from $4.2 billion in the comparable period of 2014.

For 2015, Shell’s earnings fell 80 percent to $3.84 billion, compared to $19 billion in 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 Profits Plunge By 80% Amid Oil Slump

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Shell is pressing ahead with a £36bn ($52bn) merger with exploration group BG. It has said 10,000 jobs will go across the two companies as a result. The deal has been approved by shareholders and will complete later this month.

The industry has been hammered by the collapse in the world energy market which has seen the price of a barrel of Brent crude dive by three-quarters from $115 in the summer of 2014 to around $30 at the start of this year.

Mr van Beurden said Shell was seeing “substantial changes”, slashing costs and investment in response to the slump – and warned that more cuts could come. 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 confirms 10,000 job cuts and a steep profits fall

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Royal Dutch Shell has confirmed it is cutting 10,000 jobs amid its steepest fall in annual profits for 13 years.

It made $1.8bn (£1.23bn) for the fourth quarter of the year, compared with a $4.2bn profit for the same period the year before.

Full-year 2015 earnings, excluding identified items, were $10.7bn, compared with $22.6 billion in 2014.

The oil firm indicated it would report a massive drop in profits two weeks ago.

The company reports earnings on a current cost of supplies (CCS) basis.

Last week, shareholders in Shell, which is Europe’s largest oil company, voted in favour of its takeover of smaller rival BG Group.

The company cut back hard on investment.

Its capital spending for the year was slashed to $28.9bn, $8.4bn lower than in 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

Royal Dutch Shell Connections with Utrecht University

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A team of historians, all associated with Utrecht University was hired by Shell to author “A History of Royal Dutch Shell,” a four-volume work published in 2007. 

Seems reasonable to conclude that the University and those associated with it, including the hired historians, would not wish to upset such an important benefactor/partner. 

That may explain the spin when they dealt with a particularly sensitive chapter in Shell’s past – its direct dealings with Hitler and the Nazis.  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 Corrib firm gets €70m cash injection

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Screen Shot 2016-02-04 at 09.01.56Shell Corrib firm gets €70m cash injection

Gas began flowing from the field only in the past few weeks – 11 years behind schedule.

By John Mulligan: 4 FEB 2016

Oil giant Shell injected €70m into its Irish unit that’s behind the Corrib gas project in recent months as the field prepared to begin delivering gas, new filings show.

The Corrib gas field is located 83km off Ireland’s west coast in depths of almost 350 metres.

Gas began flowing from the field only in the past few weeks – 11 years behind schedule.

Shell owns a 45pc stake in the Corrib field, with Norway’s Statoil owning 36.5pc. Canadian firm Vermilion owns 18.5pc. 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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