Royal Dutch Shell Group .com Rotating Header Image

August, 2016:

Shell International Finance B.V. and Royal Dutch Shell plc: Publication of Prospectus

Screen Shot 2016-08-11 at 08.46.15

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

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Calls Force Majeure on Nigeria Gas Supply After Leak

Screen Shot 2016-08-10 at 14.41.11

Screen Shot 2016-08-10 at 14.40.01

Screen Shot 2016-08-05 at 09.29.20By Paul Burkhardt and Elisha Bala-Gbogbo: August 10, 2016

Royal Dutch Shell Plc said its local unit has declared force majeure on supplies to a liquefied natural gas plant in Nigeria because of a leak in a pipeline as the OPEC member suffers from militant attacks on energy infrastructure that are hurting exports.

“The pipeline has been shut down for a joint investigation visit into the cause of the leak and repairs,” Natasha Obank, a Shell spokeswoman, said in a statement. The leak occurred on the Eastern Gas Gathering System, or EGGS-1, pipeline which supplies the bulk of Shell’s gas to the Nigeria LNG plant on Bonny Island. Some supply continues through other pipelines, Shell said. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Workers claim stocks running out on strike hit Shell platform

Screen Shot 2016-08-08 at 15.40.15

Screen Shot 2016-08-08 at 15.55.54

Screen Shot 2016-08-04 at 09.47.49Screen Shot 2016-07-29 at 16.46.22Written by Niamh Burns – 08/08/2016 2:43 pm

Stocks including fresh water are said to be running out on a North Sea platform hit by strike action.

Oil major Shell said stocks are “running low” as a result of a supply vessel being unable to offload due to the bad weather over the weekend.

However, workers have attributed the low stocks on the Gannet platform to the current industrial action.

Some have claimed laundry services have been shut since the weekend and they have been told to re-use towels and take shorter showers and re-wear clothes due to depleted water levels. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell completes improvement notices after loss of 825kg of gasoline at North Sea terminal

Screen Shot 2016-08-08 at 15.40.15

Screen Shot 2016-08-08 at 15.41.04

Screen Shot 2016-08-08 at 15.41.50

Written by Niamh Burns – 08/08/2016 12:56 pm

Oil major Shell has completed improvement notices from the Health and Safety Executive (HSE) after an incident led to the loss of containment of more than 800kg of gasoline.

The North Sea operator was hit with a notice which said it had “failed to demonstrate” that it had established a “safe operating pressure” for the loading of gasoline to ships.

The notice at the time added: “Despite evidence of repeated swivel joint seal failures on loading arms at Breafoot Bay and in particular the failure of the middle seal of the triple swivel joint on loading arm 3 during single pump loading on 21st April 2016, which led to the loss of containment of 825kg of gasoline.” read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

European energy groups press on with multibillion-dollar disposals

Screen Shot 2016-08-07 at 19.01.40

Andrew Ward, Energy Editor: August 7, 2016

Extracts relating to Shell…

Royal Dutch Shell says it is working on 17 potential disposals as it seeks to reassure investors that its target for $30bn of asset sales by 2018 is achievable.

This balancing act is especially tricky for Shell as disposals are crucial to reduce debts after its £35bn takeover of BG Group, completed in February.

“Shell is going to have to be flexible on price if it is to move forward with some of these deals,” said one energy banker. “They cannot just sit back and wait for oil prices to come back.” read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Crude Slump Sees Oil Majors’ Debt Burden Double to $138 Billion

Screen Shot 2016-08-06 at 16.17.53

Screen Shot 2016-08-06 at 16.12.04

Screen Shot 2016-07-29 at 16.46.22“On the debt, it may go up before it comes back down,” Shell Chief Financial Officer Simon Henry told investors last week. “And the major factor is the oil price.”

By Javier Blas: August 5, 2016

When commodity prices crashed in late 2014, oil executives could look at their mining counterparts with a sense of superiority.

Back then, the world’s biggest oil companies enjoyed relatively strong balance sheets, with little borrowing relative to the value of their assets. Miners entered the slump in a very different state and some of the world’s largest — Rio Tinto Plc, Anglo American Plc and Glencore Plc — had to reduce dividends and employ draconian spending cuts to bring their debt under control. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Carson residents push for quicker payout of settlement in contamination case

Screen Shot 2016-08-06 at 15.55.18

Screen Shot 2016-08-06 at 15.56.10

Screen Shot 2016-08-06 at 16.03.08

By Sandy Mazza, Daily Breeze: 5 August 2016

Carson officials signaled an end this week to a six-year court battle with two multinational corporations accused of secretly leaving a massive waste-oil dump buried just feet beneath 285 homes in the Carousel tract neighborhood for decades.

City leaders, who joined the lawsuit in 2012 to support residents seeking compensation for physical and emotional problems from longtime exposure to petrochemicals, agreed Tuesday to drop their complaint and approve settlements offered by Shell Oil Co. and Dole Food Co. totaling $120 million. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Returns To Unalaska

Screen Shot 2016-08-06 at 15.43.02

Shell Returns To Unalaska

Screen Shot 2016-08-06 at 15.44.12

Screen Shot 2016-08-06 at 15.52.57By ZOE SOBEL: Saturday 6 August 2016

Shell is back in Unalaska. Dutch Harbor was a staging area for Shell’s unsuccessful search for oil in the Arctic Ocean last year. This week, three ships — the Aiviq, the Dino Chouest, and the Ross Chouest — associated with Shell’s Arctic efforts arrived in Unalaska on a mission to remove the last signs of that effort.

A Shell representative says the vessels are “tasked with retrieving more than 50 anchors from the Chukchi and Beaufort Seas” and “completing required environmental science monitoring and reporting.” read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

SHELL TAX THEFT

Screen Shot 2016-08-05 at 19.31.09

UPDATED: POSTINGS ON SHELL BLOG FRIDAY 5 AUGUST 2016

Dutchdude 2016/08/05 at 3:03 pm

A few weeks ago there were some posts about Shell pocketing the tax relief of those taking the severance package. I had expected a bit more comments on this? Is the principle of tax not that it goes to the government? Since when do we allow companies to impose their own tax? Apart from the unfairness to the employees who worked for this and made sacrifices, it feels incorrect and arrogant. Tax should go to the government and tax relief to the person who is entitled to it. It should not be allowed to be taken away by unscrupulous HR staff. If there is a reader here who works for the government tax department please raise this with your employer (UK, Holland, …). I bet that each severance employee rather pays tax to his government than to Shell. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Is Royal Dutch Shell plc’s dividend living on borrowed time?

Screen Shot 2016-06-27 at 10.45.44

Screen Shot 2016-08-05 at 09.33.40

By Harvey Jones – Friday, 5 August, 2016

All good things come to an end, and I’m afraid this old saying is increasingly likely to apply to today’s sky-high dividend paid by Royal Dutch Shell (LSE: RDSB).

Unsure of Shell

The oil major has a proud record of raising its dividend every year since the Second World War, but that record surely can’t last much longer. Shell faces a different type of global threat these days as the after-effects of the financial crisis continue to rumble on (or even intensify), and the oil price plunges once again. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell should not oversee Ogoni clean up —Civil rights group

Screen Shot 2016-08-05 at 09.31.26

By Jimitota Onoyume: AUGUST 5, 2016

PORT HARCOURT—  Environmental Rights Action/Friends of the Earth of Nigeria has called on the Federal Government not to include Shell Petroleum Development Company, SPDC, in any body constituted to oversee the clean up exercise in Ogoni, Rivers State.

Executive Director of the organisation, Dr Godwin Ojo,  in his opening remark at a colloquium,  yesterday, in Port Harcourt, to commemorate the 5th anniversary of the release of the recommendations of United Nations Environment Programme,  UNEP, on Ogoni-land, said that the alleged insistence by the oil company to sit on the Governing Council and Steering Board was worrisome. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Is this the beginning of the end for Royal Dutch Shell plc and BP plc?

Screen Shot 2016-08-04 at 14.48.16

By Rupert HargreavesThe Motley Fool  Aug 4, 2016

Over the past 10 years, the oil industry has changed dramatically. Technological advances have helped reduce the cost of extracting oil from unconventional sources significantly, and as oil prices have plunged over the past two years, shale oil producers have ploughed more time and resources into pushing costs even lower.

As a result of this unrelenting drive to reduce costs and improve efficiency, it’s estimated that the majority of US shale fields can break even with oil at $60 a barrel. Scott Sheffield, the outgoing chief of Pioneer Natural Resources claims that Pioneer’s pre-tax production costs have fallen to $2.25 a barrel. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

North Sea oil workers strike over jobs and pay

Screen Shot 2016-08-04 at 09.49.34
Andrew Ward, Energy Editor: August 4, 2016

Screen Shot 2016-07-29 at 16.46.22Hundreds of workers on North Sea oil and gas rigs downed tools on Thursday in an escalation of a dispute which has highlighted mounting economic pressure on the UK offshore energy industry.

Seven platforms operated by Royal Dutch Shell are affected by the 48-hour stoppage involving employees of its maintenance contractor, Wood Group.

The strike has exposed rising anger among the North Sea workforce…

FULL FT ARTICLE

RELATED

Bryce Elder

Shell slips as concern shifts to debt pile read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Australia: Shell calls for more immigration

Screen Shot 2016-08-04 at 09.39.11

Screen Shot 2016-08-04 at 09.40.33

Mr Smith cited the immigration legacy of Australian gold rush towns like Bendigo. Picture: Gary Ramage.

MATT CHAMBERS

  • The Australian
  • 1:37PM August 4, 2016
  • Shell Australia chairman Andrew Smith has called for greater levels of immigration to bolster population growth, saying industry has failed to advocate for immigration policy that will help the economy.

    “Often-hysterical debate has surrounded Australian immigration in the new millennium,” Mr Smith told a Melbourne Mining Club lunch. read more

    This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Idemitsu, Showa Shell shares slide after Idemitsu family moves to block deal

    Screen Shot 2016-08-04 at 09.33.20

    Markets | Wed Aug 3, 2016 11:53pm EDT

    * Idemitsu family buys small stake in Showa Shell

    * Purchase raises prospect of possibly expensive tender offer

    * Fears grow that move may derail deal

    * Shares in Showa Shell down 8 pct, Idemitsu down 7 pct 

    By Makiko Yamazaki and Chang-Ran Kim

    TOKYO, Aug 4 A move by Idemitsu Kosan Co Ltd’s founding family to block management’s plan to acquire smaller rival Showa Shell Sekiyu KK sent shares in the Japanese refiners tumbling on Thursday as concerns grew that the family might well succeed. read more

    This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Offshore workers strike talks end without agreement

    Screen Shot 2016-08-03 at 21.07.10

    Unite and the RMT union are representing about 350 workers involved in a dispute over pay and conditions with oil services company Wood Group.

    Some workers claim they are facing cuts of up to 30%. Wood Group denies this.

    The Aberdeen-based firm provides maintenance and construction to Shell and signed a three-year extension to its contract earlier this year.

    Unite said the unions offered to suspend industrial action if Wood Group removed the current proposal for changes to pay and conditions in full, to allow further talks. read more

    This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Nigerian oil targeted by hard-line militants

    Screen Shot 2016-08-03 at 13.51.36

    Terror-fed pandemonium broke out in the Christian-populated south of Nigeria when a renowned grouping that calls itself Niger Delta Avengers once again took to arms and destroyed several oil wells and installations. There is a grim feeling of déjà vu taking us back to 2006-2009 when militants of this region inhabited by some 20 million people revolted against the federal government demanding at least some control over local natural resources.

    The previous hostilities in Niger Delta ended seven years ago with a payoff by the government in Abuja, the national capital. Central authorities consented to a comprehensive amnesty for the rebels, launched a job-training vocational program and employed the yesterday’s ‘bombists’ as guardians of the oil infrastructure they used to blast. Actually, it amounted to a monthly ’stipend’ (at that time worth some $400) paid to the fighters to pacify them and buy out peace and tranquillity in the troubled region. read more

    This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Idemitsu Family Buys Showa Shell Stake in Bid to Stop Merger

    Screen Shot 2016-06-07 at 10.26.02

    Screen Shot 2016-08-03 at 09.17.01

    Screen Shot 2016-08-03 at 09.28.20

    By Tsuyoshi Inajima, Stephen Stapczynski and Shigeru Sato: August 3, 2016 — 7:09 AM BST Updated on August 3, 2016 — 8:37 AM BST

    Idemitsu Kosan Co. founding family descendant Shosuke Idemitsu has begun buying up shares in rival Japanese oil refiner Showa Shell Sekiyu KK in a bid to block a proposed merger between the two companies.

    The Idemitsu founder’s son purchased 400,000 Showa Shell shares and may buy more until his namesake company gives up on the deal, according to a statement distributed to reporters in Tokyo on Wednesday. Showa Shell rose as much as 12 percent to 1,014 yen, the biggest intraday gain in more than a year, and closed 3.8 percent higher. Idemitsu fell 3.9 percent to 1,984 yen. read more

    This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Shell share price: Analysts flag concerns over group’s debt pile

    Screen Shot 2016-07-13 at 14.29.19

    Screen Shot 2016-08-02 at 11.30.18

    Screen Shot 2016-08-02 at 11.38.59

    by Mary MorleyTuesday, 02 Aug 2016, 10:38 BST

    The latest fall in oil prices has revived concerns about Royal Dutch Shell’s (LON:RDSA) debt pile, analysts at RBC have said. The comments follow the oil major’s second-quarter results last week when the Anglo-Dutch group posted a hefty drop in profits.

    Shell’s share price has fallen into negative territory in today’s session, tracking crude lower. As of 10:09 BST, the shares were changing hands 1.85 percent in the red at 1,853.50p, underperforming the benchmark FTSE 100 index which currently stands 0.77 percent lower at 6,642.68 points. The group’s shares have been little changed over the past year, and are up by more than a fifth in the year-to-date. read more

    This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Shell slips as concern shifts to debt pile

    Screen Shot 2016-08-01 at 21.59.50Bryce Elder: August 1, 2016 6:40 pm

    With oil at three-month lows, concerns about Royal Dutch Shell ’s debt burden left it among Monday’s biggest fallers.

    RBC said that while investors had become more comfortable with Shell’s purchase of BG, the weak oil price had shifted attention to Shell’s $75bn of net debt and its reliance on disposals.

    FULL ARTICLE

    This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Shell quiz: when is a stake ‘held for sale’ on sale?

    Screen Shot 2016-08-01 at 21.35.55

    Screen Shot 2016-08-01 at 21.37.44

    Screen Shot 2016-07-08 at 14.36.15

    • The Australian
    • 12:00AM August 2, 2016

    BRIDGET CARTERMergers & Acquisitions Editor: Sydney

    GRETCHEN FRIEMANNMergers & Acquisitions Editor: Sydney

    It’s unlike the CFO of an oil major to be imprecise when it comes to accounting classifications of assets.

    Unless maybe he doesn’t mind causing a bit of mischief for a joint venture partner with whom relationships have been less than rosy of late.

    Shell finance director Simon Henry set the hares running last week during a second-quarter earnings call when he declared the company’s 13.3 per cent stake in Woodside Petroleum had been reclassified first as “held available for sale” and then “held as an asset for sale”. read more

    This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Unknown Militants Attack Shell Pipeline In Niger Delta

    Screen Shot 2016-07-01 at 23.22.31

    Screen Shot 2016-08-01 at 21.25.34

    Screen Shot 2016-06-30 at 18.15.43By Lincoln Brown – Aug 01, 2016, 1:30 PM CDT

    No one has claimed responsibility for an attack on a Shell pipeline in the early morning hours in the Niger Delta region on Sunday.

    The attack came at about 1:00 AM local time on the Trans Ramos Pipeline near Odimodi—a pipeline owned by Shell Petroleum Development Company.

    According to resident Godspower Gbenekama, residents heard a loud explosion and found an oil spill. There have been no reports of any injuries in the incident.

    Another resident, who spoke on condition of anonymity, said that this was not the first time militants had hit the pipeline, stating: “Precisely on the 22nd of this month, there was a failed attempt to attack the same facility, hence we were expecting that security in the area would have been tightened, but we are really disappointed that they succeeded this time.” read more

    This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Suspected militants attack Shell affiliated pipeline in Nigeria’s Delta

    Screen Shot 2016-08-01 at 21.19.23

    Screen Shot 2016-08-01 at 21.16.35

    Screen Shot 2016-07-29 at 16.46.22Mon Aug 1, 2016 6:24am EDT

    Suspected militants have attacked an oil pipeline operated by a local affiliate of Shell in Nigeria’s restive southern Niger Delta region, locals and a community group said on Monday.

    Militants have attacked oil and gas facilities in the OPEC member’s energy hub over the last few months, cutting the country’s crude production — which stood at 2.2 million barrels per day (bpd) at the start of the year — by around 700,000 bpd.

    Nobody has claimed responsibility for a blast at the Trans Ramos Pipeline near Odimodi, operated by Shell’s joint venture SPDC, which locals said happened in the early hours of Sunday shortly after 1:00 a.m. (08:00 EDT). Shell said the line was closed for repairs. read more

    This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    How Exxon Mobil, Royal Dutch Shell, BP Are Affected by Low Oil Prices

    Screen Shot 2016-07-06 at 08.16.50

    Screen Shot 2016-08-01 at 14.09.41

    Screen Shot 2016-08-01 at 14.11.08

    By Muhammad Ali Khawar on Aug 1, 2016 at 7:57 am EST

    Just when you thought oil prices will rebound they got even worse. The last few weeks have been quite eventful for the oil and gas industry, with companies releasing their second-quarter earnings. The quarter hasn’t been as rewarding for integrated oil and gas majors.

    The decline in crude oil price has persisted for quite a while now. West Texas Intermediate was down 0.50% at $41.40 per barrel, while Brent Crude was down 0.32% at $43.39 per barrel, earlier today. read more

    This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.