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Posts on ‘December 21st, 2016’

Activist investor ramps up pressure on Shell to act on climate change

By REUTERSPUBLISHED: 22:15, 21 December 2016

By Karolin Schaps

London, Dec 21 (Reuters) – Oil major Royal Dutch Shell is facing rising pressure from shareholders to shield its business from climate change threats and to play a bigger role in lowering global carbon emissions.

Activist shareholder group Follow This, representing some of Shell’s retail shareholders, will put forward a resolution at next year’s annual shareholder meeting requesting Shell to set targets for annual greenhouse gas emissions reductions, its founder told Reuters. read more

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Clovis wins $22 million against Shell Oil over toxic drinking water

BY ANDREA CASTILLO: DECEMBER 21, 2016 12:55 PM

The City of Clovis won its more than three-month civil trial against the chemical manufacturing giant Shell Oil Company over the cleanup of a toxic chemical found in drinking-water wells around the city of 108,000 people.

The chemical is 1, 2, 3-Trichloropropane, or TCP, which is a waste product from making plastic. TCP was in farm fumigants last used in the 1980s, which were injected into the ground to kill tiny worms called nematodes. A jury awarded the city nearly $22 million, finding that the Clovis residents were harmed by the design of the fumigant, that Shell did not prove the benefits of its product outweighed the risks and that those risks were known at the time it was sold. 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

Shearwater to resume production, Shell continues investigation

Shearwater to resume production, Shell continues investigation

Written by Rita Brown – 21/12/2016 1:49 pm

Shell’s Shearwater platform is expected to resume production after being shutdown for nearly three weeks.

The oil major was forced to evacuate the facility, after the drilling of an exploration well triggered an alarm.

The firm carried out remedial work this week after bad weather hampered earlier attempts. A spokesman today confirmed the necessary “remedial” work had been completed. He failed to say what caused the alarm to sound.

A Shell spokesperson said: “Shell UK can confirm that remediation work at the Shearwater field has been completed following the unplanned shutdown on 2nd December. 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

Obama’s Arctic Drilling Ban Is Reversible, But The GOP And Big Oil Are Likely In No Rush To Fight It

David Blackmon: Contributor. Dec 21, 2016

The hits just keep on coming from our outgoing President. On Wednesday, Mr. Obama took one more of many parting shots at the domestic oil and gas industry at the behest of his supporters in the anti-development lobby, setting aside much of the northeastern Atlantic coast, all U.S. waters off the North Slope of Alaska in the Beaufort Sea and almost all of the federal waters in the adjacent Chukchi Sea “indefinitely off-limits for future oil and gas leasing.” 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

Canada to ban licensing of oil and gas drilling in Arctic

A boat crosses in front of the Transocean Polar Pioneer, a semi-submersible drilling unit that Royal Dutch Shell leases from Transocean Ltd., as it arrives in Port Angeles, Wash., aboard a transport ship after traveling across the Pacific before its eventual Arctic destination in an April 17, 2015 file photo. The federal government says it will ban offshore oil and gas licensing in Arctic waters, a measure to be reviewed every five years. 

The Canadian Press: DECEMBER 20, 2016 01:23 PM

CALGARY – The federal government announced Tuesday plans to ban offshore oil and gas licensing in the Arctic, citing the need to protect the environment from future energy development, but the move was largely dismissed by industry observers as a weak gesture that won’t harm their interests. 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

Obama Bans Drilling in Parts of the Atlantic and the Arctic

By CORAL DAVENPORT

President Obama announced on Tuesday what he called a permanent ban on offshore oil and gas drilling along wide areas of the Arctic and the Atlantic Seaboard as he tried to nail down an environmental legacy that cannot quickly be reversed by Donald J. Trump.

Mr. Obama invoked an obscure provision of a 1953 law, the Outer Continental Shelf Lands Act, which he said gives him the authority to act unilaterally. While some presidents have used that law to temporarily protect smaller portions of federal waters, Mr. Obama’s declaration of a permanent drilling ban on portions of the ocean floor from Virginia to Maine and along much of Alaska’s coast is breaking new ground. The declaration’s fate will almost certainly be decided by the federal courts. 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

Obama sets stage for legal fight over Arctic oil drilling

by: Shawn Donnan in Washington and Andrew Ward in London: 21 December 2016

US President Barack Obama has set the stage for a legal battle over drilling for oil and gas in Arctic seas after declaring a huge swath of those waters “indefinitely” off limits to exploration as part of a joint move with Canada.

Royal Dutch Shell, long at the forefront of exploration in Alaska, abandoned its drilling campaign there in 2015 after failing to strike oil. The Anglo-Dutch group had spent $7bn in the Chukchi and Beaufort seas since 2007, or about 20 per cent of its exploration budget. 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

Nigerian lawsuit revives billion-dollar oil scandal

Nigerian lawsuit revives billion-dollar oil scandal

By Associated Press21 December 2016

LAGOS, Nigeria (AP) — Nigeria’s anti-corruption agency is reviving a five-year-old scandal involving one of Africa’s richest oil blocs, in which a former petroleum minister and his allies allegedly made $1.1 billion dollars and the state oil company $210 million.

The Economic and Financial Crimes Commission filed suit Tuesday in the federal high court charging former petroleum minister Dan Etete, former justice minister Mohammed Bello Adoke and businessman Aliyu Abubakar with fraud and money laundering of hundreds of millions of dollars in the sale of the bloc. The money came from a Nigerian escrow account at the London branch of JPMorgan Chase, according to the court document. 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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