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Posts on ‘May 30th, 2016’

The death of Opec?

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By Ed Crooks: 27 May 2016

“Insanity is doing the same thing, over and over again, but expecting different results.” That widely-misattributed line, first published by the novelist Rita Mae Brown, has apparently been taken to heart in the oil market at last.

After a succession of Opec meetings that were preceded by fevered speculation about action to support crude prices – mostly recently the much-discussed plan for a production “freeze” that fell apart in Doha in April – no-one has any great expectations for the ministerial gathering in Vienna next week. “The freeze is finished,” one Opec delegate said. 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: Unabating Sleaze in the Oil Sector

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29 MAY 2016: This Day (Lagos)

The 2013 audit report of financial and process activities in Nigeria’s oil industry which the Nigeria Extractive Industries Transparency Initiative (NEITI) released last Monday shows nothing has really changed in the way Nigeria runs her oil industry. Chineme Okafor reviews the report

“It is important to re-state that these reports covered the year 2013. Clearly, a few things have or could have changed since then.

“But it is clear that despite the gap of three years, most of the issues raised in the reports are still relevant today and should guide us on the way forward,” said Minister of Solid Minerals and chairman of the board of NEITI, Dr. Kayode Fayemi. 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

Doubts about $3bn Shell-Woodside block trade

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Bridget CarterMergers and Acquisitions Editor, Sydney

Gretchen FriemannMergers & Acquisitions Editor, Sydney

There was fresh talk in the market last week that a $3 billion block trade by Shell selling out of Woodside Petroleum could be imminent.

However, there were a number of analysts who dismissed the speculation, which they said would have been largely fuelled by the recent rise in the oil price.

They said a more likely deal was an exit by Spark Infrastructure from the $6bn Duet Group, and it could happen sooner rather than later. 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 becomes a player in the recovery of oil

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However, it is perhaps best known in the West, as the operator of the endlessly controversial Corrib Gas project; but as its long history around the world has shown, controversy is no stranger.

John Lynch: PUBLISHED 30/05/2016 | 02:30

The latest recession in the oil sector has thrown up some truly remarkable business paradoxes.

Imagine, if you can, a company which suffers a $200bn plunge in revenues and sees its operating profits collapse by 93pc.

Imagine that company surviving such a life-threatening trauma but being resilient enough to get stuck into the acquisition of a serious competitor.

Well, that’s been the precise up-to-date experience of Royal Dutch Shell (Shell). And the rival it picked up amidst all its woes is BG plc. But then oil companies are a law unto themselves and some can afford to ship revenue and profitability damage, which would be fatal for most other corporations. 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

Transportation emerges as new hope for LNG demand growth

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Angela Macdonald-SmithEnergy Reporter: 29 May 2016

A move to cleaner transportation fuels could mop up the surplus in the global liquefied natural gas market more quickly than anticipated and open up a new growth market for producers such as Woodside Petroleum.

Woodside is following major Royal Dutch Shell in positioning itself to benefit from increased use of gas in road transport and shipping.

Demand for LNG from the transport sector could reach 24.4 million tonnes a year by 2020, representing a 7 per cent rise from estimated global demand, according to new findings from Bernstein Research. 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

Militants Blow up Shell, Agip Pipelines in Nigeria

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Screen Shot 2016-05-21 at 10.18.28By HILARY UGURU, ASSOCIATED PRESS: WARRI, Nigeria — May 28, 2016, 10:32 PM ET

Militants blew up strategic gas and crude pipelines belonging to Shell and Agip on Saturday in an increasingly fierce campaign that has chopped Nigeria’s oil production in half, militants and residents said.

A new militant group, calling itself the Niger Delta Avengers, reported in social media that they had dynamited the trunkline linking the Dutch-British Shell company’s Bonny terminal and the Brass export terminal of the Italian company Agip. A local community leader Eke-Spiff Erempagamo confirmed the attack.

Nigeria’s oil production had already fallen from a projected 2.2 million barrels a day to 1.4 million barrels before the latest attacks on the oil industry in southern Nigeria, including three within the past week on facilities of the U.S. oil major Chevron. Several companies have evacuated some of their workers. 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 Pipeline Leaks 20,000 Gallons of Oil in California’s Central Valley

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Ryan Schleeter, Greenpeace | May 27, 2016

For the second time in two weeks, Shell has spilled thousands of gallons of oil, this time in California’s Central Valley.

Less than two weeks after dumping nearly 90,000 gallons of oil into the Gulf of Mexico, Shell Oil is at it again. The company’s San Pablo Bay Pipeline, which transports crude oil from California’s Central Valley to the San Francisco Bay Area, leaked an estimated 21,000 gallons into the soil near in San Joaquin County this week.

Responders are on the scene to clear oil that’s reached the surface, which county officials say covered roughly 10,000 square feet of land. As of today, Shell representatives claim the pipeline has been repaired, but have not resumed operations. 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: Militants Strike Again in N-Delta, Attack Shell, Agip Pipelines

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Delta militants blew up trunk lines belonging to Nigerian Agip Oil Company, NAOC, and Shell Petroleum Development Company, SPDC, in Bayelsa State, while soldiers took over Oporoza community, the headquarters of Gbaramatu Kingdom in Warri South-West Local Government Area of Delta State.

An industry source, who confirmed the attacks, believed to have been carried by the Niger Delta Avengers (NDA) group, told Sunday Vanguard: “Information at my disposal is that somewhere around the Lagos-gbene axis of the Tebidaba-Bras trunk line, was attacked with dynamites, this morning (yesterday). 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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