May 17th, 2016
by John Donovan.


Two shareholder-advisory firms recommended investors vote against the Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden’s pay, saying his bonus is “excessive.” A third adviser said shareholders should give “qualified support.”
Van Beurden’s annual bonus, equivalent to 245 percent of his salary last year, was not acceptable, Pensions & Investment Research Consultants Ltd. said in an e-mail on Tuesday. Advisory firm Glass Lewis also said shareholders should oppose the pay deal. read more
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May 17th, 2016
by John Donovan.


May 17, 2016
Royal Dutch Shell plc (NYSE:RDS.A) is divesting US$40 billion in non-core assets in its attempt to cut capital expenditures and raise cash in a desperate attempt to right its balance sheet wrongs after its takeover of BG Group plc earlier this year left it strapped for cash and laden with nearly US$81 billion worth of debt.
The costly merger at a time of depressed oil prices has rendered Shell the largest publicly owned company in the UK and the largest producer of liquefied natural gas (LNG) in the world. read more
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May 17th, 2016
by John Donovan.


LONDON | BY RON BOUSSO: Tue May 17, 2016
Two investor advisory firms have recommended Royal Dutch Shell (RDSa.L) shareholders oppose the CEO’s 2015 remuneration, in the latest sign of rising discontent over pay amid falling oil prices.
Shell Chief Executive Ben van Beurden’s 2015 remuneration fell 8 percent to 5.135 million euros (£4 million) last year, when the company’s revenue dropped sharply due to low oil prices.
Proxy adviser Glass Lewis said in a report it remains “concerned by the disconnect between bonus payouts and financial performance, and the bonus scheme structure more generally”. read more
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May 17th, 2016
by John Donovan.
By Daniel J. Graeber: May 17, 2016
NEW ORLEANS, May 17 (UPI) — A fleet of vessels was deployed in the U.S. Gulf of Mexico and repair work is underway in response to the spill of 2,100 barrels of oil, Shell said.
Shell reported the release from its Glider field about 100 miles south of the coast of Louisiana last week. The company said about 2,100 barrels of oil spilled and crews so far have recovered about 2,000 barrels of an oil-water mixture from the water’s surface.
In its latest update, Shell said there are five vessels on site working with Shell and the U.S. Coast Guard to recover oil from the surface. One vessel is designated specifically to asses any potential environmental impact from the release. read more
shellplc.website and its sister non-profit websites
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May 17th, 2016
by John Donovan.



Royal Dutch Shell is creating a new unit specially for renewables and alternative energy, but it continues to insist that its current business of burning hydrocarbons is under no threat from global policies to mitigate climate change.
The company told investors last week that it will combine its modest operations in green energy—biofuels, wind and solar technologies—into a business unit called “new energies” under its natural gas business. It will go public with the idea in June, according to The Guardian. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
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John Donovan. There is also a
Wikipedia feature.
May 17th, 2016
by John Donovan.

NEW ORLEANS
Researchers are heading out to study the effects of a Shell leak of about 88,200 gallons of oil off the Louisiana coast in the Gulf of Mexico, a scientist said on Monday.
Last Thursday, a leak from a pipeline at the Shell oil production field was spotted and cleanup vessels began to skim oil off the Gulf on Friday.
The cleanup ended Monday evening. The leak was contained after wells flowing into the pipeline were shut in.
Ian MacDonald, an oceanographer at Florida State University, said the scientists should reach the oil slick by Wednesday. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.