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Posts on ‘March 24th, 2016’

Is It Finally Time To Give Up On Royal Dutch Shell Plc?

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By Royston Wild – Thursday, 24 March, 2016

To suggest the game is up at Shell (LSE: RDSB) could be considered ludicrous given the investor stampede of recent weeks.

The fossil fuel giant has seen its share price explode 30% in the past two months, moving in lockstep with the Brent benchmark’s surge back above the $40 per barrel milestone.

But with data surrounding the oil sector still worsening, I see little reason for crude’s recent march higher, leaving Shell’s share price in danger of a massive reversal. 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 says no changes in plans to expand Russian Sakhalin-2 LNG plant

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MOSCOW, March 24 (Reuters) – There are no changes in plans to expand Russia’s Sakhalin-2 liquefied natural gas plant, operated by Royal Dutch Shell and Gazprom, Olivier Lazare, head of Shell’s operations in Russia, said on Thursday.

Gazprom and Shell plan to expand their plant on the Pacific island of Sakhalin, where Japan’s Mitsui and Mitsubishi are also shareholders, to add a further 5.4 million tonnes of annual capacity in 2021.

(Reporting by Vladimir Soldatkin; Writing by Maria Kiselyova; Editing by Alexander Winning) 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

Giant Indonesia Offshore Gas Project Sunk by Nationalist, Economic Pressure

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By BEN OTTO: Updated March 24, 2016

JAKARTA, Indonesia—Indonesia’s rejection of a $15 billion gas project by Inpex Corp. and Royal Dutch Shell PLC. bodes ill for the revival of the flagging petroleum industry and highlights the nationalist pressures facing foreign investment in Southeast Asia’s largest economy, energy analysts say.

Inpex and Shell suffered a blow Wednesday in their joint bid to develop one of Southeast Asia’s largest known deep-water gas blocks.

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

Indonesia says Inpex, Shell to invest in Masela onshore LNG project

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JAKARTA, Markets | Thu Mar 24, 2016

Japanese oil firm Inpex Corp and Royal Dutch Shell are expected to invest in the construction of Indonesia’s onshore Masela liquefied natural gas plant, an energy regulator official said on Thursday.

“Inpex and Shell have no plan to withdraw from the Masela block. They will stay, but they need time to redo their plan for onshore,” said Amien Sunaryadi, head of Indonesia’s upstream oil and gas regulator, SKKMigas.

Indonesia’s president on Wednesday rejected Inpex and Shell’s proposal to build the world’s largest floating liquefied natural gas plant in the country’s east, saying an onshore plant would benefit its economy more. 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

ABB wins five-year Shell contract for Prelude FLNG

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Stuart McKinnon – The West Australian on March 24, 2016

The Malaga factory of Swiss multinational engineering giant ABB will be the focal point for a five-year contract to provide services and equipment to Shell’s Prelude floating LNG facility off the Kimberley coast.

The Shell order includes the delivery of motors, generators, variable speed drives and low-voltage switchgear and guarantees service and lifecycle management of the electrical equipment as well as service and support for motors from third-party vendors. 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

Statoil Fuels and Retails wins EU okay for Shell deal

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Statoil Fuel and Retail gained European Union antitrust approval on Wednesday for its acquisition of Shell’s (RDSa.L) Danish retail and wholesale fuels business after agreeing to sell some businesses to allay competition concerns.

The European Commission had been concerned that the deal could have led to Danish consumers paying more for their fuel, diesel, gasoline and light heating oil.

Statoil Fuel and Retail, which operates in Denmark under the Statoil brand and is controlled by Canadian company Alimentation Couche-Tard (ATDb.TO), received the EU green light after pledging to sell 205 petrol stations and Shell’s commercial fuels business. 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

Australian Energy Giant Woodside Delays Large Offshore L.N.G. Project

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By STANLEY REED: A version of this article appears in print on March 24, 2016, on page B2 of the New York edition

Woodside Petroleum and its partners, including the energy giants Royal Dutch Shell and BP, have decided to delay indefinitely the development of a huge liquefied natural gas project off Western Australia, the company said on Wednesday.

The decision to postpone the project, called Browse, comes as L.N.G. prices in Asia have fallen by around two-thirds since 2014. The slump is attributed to a supply glut set off largely by a building boom and by lower-than-expected demand from major customers like China. 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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