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Posts on ‘December 29th, 2016’

Malabu $1.1 billion Scandal: You must prosecute Shell, Eni too, indicted Etete tells Nigerian govt

Samuel Ogundipe: December 29, 2016

Dan Etete, a former Minister of Petroleum caught at the heart of the $1.1 billion Malabu Oil scandal, has accused the Nigerian government of leaving out Shell and Agip in the criminal charges it filed last week.

Mr. Etete said the government erred in pursuing the case against him and others while conspicuously sparing Shell, Total and Agip/Eni even though the three firms “were parties to all the agreements” reached in the OPL 245 oil deal, THISDAY reported on Wednesday, citing a text message exchange it had with Mr. Etete. read more

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Shell wells come up dry in Tanzania

Written by Mark Lammey – 29/12/2016 11:31 am

Two exploration wells drilled on blocks operated by Shell off Tanzania have come up dry.

One of Shell’s project partners, London-listed Ophir Energy, said the Kitatange and Bunju wells in blocks one and four had been drilled safely and on time.

But no hydrocarbons were found, according to Ophir, which holds 20% interests in the assets.

Shell has held 60% of the licences since its takeover of BP Group, while Pavilion Energy holds 20%.

The Noble Globetrotter 2 rig has been demobilised from site, Ophir 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

Royal Dutch Shell: Prepare For Strong Upside

Dec. 29, 2016 3:08 AM ET

Summary

  • Royal Dutch Shell will report strong growth in the cash flow in the long run as it brings online low-cost production with cash operating costs of just $15/barrel.
  • In a $60 oil price environment, Shell’s free cash flow is expected to grow to $25 billion in 2020 as compared to $12 billion at a price of $90/barrel earlier.
  • Due to the growth in the free cash flow and low capital expenses as more projects come online, Shell’s operating cash flow will grow to $50 billion in 2020.
  • At an operating cash flow of $50 billion and a price to cash flow ratio of 15, Shell’s market capitalization is set to triple in the coming four years.
  • 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

    Royal Dutch Shell plc and BP Pay Higher Dividends: Here’s Why?

    Britain’s decision to exit the European Union came as a shock for many. During the initial phase of Britain’s exit, the pound depreciated tremendously and questions were raised regarding how companies would operate. But now, a few months later, it seems that stakeholders of a few companies greatly benefitted from the move. 

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    As mentioned above, the Brexit decision led to a significant decline of the pound against the dollar. Oil and gas companies such as the likes of Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) and BP plc. (ADR) (NYSE:BP) decided to capitalize on the decline by giving out lucrative bonuses to their shareholders.  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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