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Posts on ‘August 11th, 2016’

Fire causes evacuation of Motiva refinery in Louisiana

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Fire causes evacuation of Motiva refinery in Louisiana

Aug 11 2016, 16:39 ET | By: Carl Surran, SA News Editor

A large fire at the 235K bbl/day Motiva Enterprises refinery in Louisiana today forced workers to evacuate, causing a key distillation unit to shut and boosting prices of oil products.

The fire, which reportedly started in the 45K bbl/day heavy oil hydrocracker unit, is still burning but is now under control; it is not yet known what caused the fire or how long it would take to repair any damage, which could take months to fix if the fire damaged the reactors. 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

No injuries after large fire at Motiva plant

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1:57 PM. CDT August 11, 2016

CONVENT, La. – A major fire rocked the Shell Motiva oil refinery in Convent, Louisiana shortly before 11 a.m. Thursday. According to a Motiva spokesperson, “Motiva’s Convent Refinery experienced a fire involving one of its units.” A large amount of fire and plumes of black smoke could be seen for miles in the area.

The general manager of the Motiva plant said that no one at the plant, either Motiva employees or contract workers – a total of about 1,400 people – were injured as a result of the fire. He also said that there was no explosion. 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

Exclusive: Iraq, oil companies agree to restart investment, boost output

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Exclusive: Iraq, oil companies agree to restart investment, boost output

BAGHDAD/BASRA – | BY AHMED RASHEED AND AREF MOHAMMED: Business | Thu Aug 11, 2016 7:05am EDT

Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production to increase in 2017, Iraqi oil officials said.

The agreements, reached in July and August, effectively delay to the second half of the year projects that the three companies had planned to carry out in the first half, which had been suspended because of low oil prices. 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 “ballooning” debt could put 7.5% dividend at risk, analyst says

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Aug 10 2016, 14:57 ET | By: Carl Surran, SA News Editor

Royal Dutch Shell’s (RDS.A, RDS.B) 7.5% dividend could be at risk because of its “ballooning” debt, says Raymond James analyst Jean-Pierre Dmirdjian, adding that the concerns outweigh the longer-term appeal of the company’s transformation story.

The analyst says his fair value of ~$27/share makes Shell seem like a potential buy, but it is “too soon to be charmed by the reshaping plan” announced in June.

James notes the “unsupportive oil price environment [which] puts a strain on cash flow” and makes debt reduction an increasing priority; the firm reiterates its Market Perform rating on the stock. 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 International Finance B.V. and Royal Dutch Shell plc: Publication of Prospectus

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Aug 10, 2016, 11:25 ET from Shell International Finance BV and Royal Dutch Shell plc

LONDON, August 10, 2016 /PRNewswire/ —

The following prospectus has been approved by the UK Listing Authority and is available for viewing:

Information Memorandum dated 9 August 2016 relating to the Multi-Currency Debt Securities Programme of Shell International Finance B.V. (as Issuer) and Royal Dutch Shell plc (as Issuer and as Guarantor) (NYSE: RDS.A)(NYSE: RDS.B). 

To view the full document and the documents incorporated by reference, please paste the following URLs into the address bar of your browser. 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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