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Posts on ‘April 30th, 2017’

Oil price surge set to lead Shell and BP to big profit jumps this week

Jillian Ambrose

Shell and BP are preparing to bask in the benefit of the recent oil price surge with big profit jumps helping to draw a line under years of ferocious cost cutting.

On Tuesday Shell is expected to unveil profit of just above $3bn after a loss of $460m in the same quarter last year, using the oil industry’s standard ‘current cost of supplies’ measure.

Meanwhile BP investors are poised for profits of $1.26bn in Thursday’s results, using the major’s equivalent measure, after reporting $532m in the first quarter of last year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Pioneering Spirit : World’s largest vessel sets record after 24,000-tonne oil platform lift

Sky News: 29 April 2017

The largest vessel on the planet has successfully carried out the world’s biggest lift at sea, plucking a 24,000-tonne oil rig platform from the North Sea.

The mammoth engineering task was carried out as part of the first phase of decommissioning one of the most important oilfields in the region.

Engineers took hours to position the specially-built £2.4bn Pioneering Spirit into place around the Brent Delta platform.

But it took just seconds for the powerful hydraulic system to lift the topside off its supporting legs, setting a world record in the process. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Kiobel v. Cravath: An Example of How a Little-Known U.S. Law can be Used as a Pre-Litigation Tool Overseas

Upasana Khatri: 22nd February 2017

When Esther Kiobel—who believes Shell collaborated with Nigerian authorities to commit gross human rights abuses, including the murder of her husband—could not find justice by suing Shell in U.S courts, she decided to sue the Dutch oil giant in the Netherlands. In support of the Dutch action, EarthRights International (ERI) helped Ms. Kiobel and her Dutch lawyers file an application under the Foreign Legal Assistance (FLA) Statute to gain access to important evidence originally gathered during the U.S. litigation. In December, a U.S. federal court granted Ms. Kiobel’s petition, allowing her access to documents housed in Cravath, Swaine & Moore LLP, the law firm that defended Shell in the U.S. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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