May 31 (UPI) — Royal Dutch Shell said Wednesday it was keeping its exploration and production portfolio in place in Australia, but stepping back from its aviation business.
Shell’s aviation subsidiary in Australia sold to independent Viva Energy Australia for $250 million in line with the Dutch supermajor’s efforts to streamline its portfolio. Shell keeps its brand name visible in the aviation refueling sector as Viva Energy remains the licensee of its fuels.
“Shell’s upstream operations in Australia, which include exploration, production and gas commercialization, are not impacted by this announcement,” the company stated.read more
May 31st, 2017
by John Donovan.
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CALGARY, May 31, 2017 /CNW/ – A statement from Shell Canada President and Country Chair Michael Crothers on the completion of two previously announced agreements that will see Shell sell the majority of its oil sands interests and all of its in-situ interests in Canada:
“Shell has built safe, responsible and competitive oil sands mining and in-situ businesses in Alberta over the past decades thanks to the tireless work and dedication of our staff, contractors and joint venture partners; strong support from local communities, including our indigenous neighbours; and leadership from all levels of government. I am immensely proud of everything we have achieved together and of the legacy we leave to Canadian Natural.read more
The deal includes CVX’s Trinidad and Tobago’s interest in the 10T cf Loran Manatee cross-border gas field shared with neighboring Venezuela; CVX retains its interest in the block on the Venezuela side of the border.
Shell has been expanding its holdings in Trinidad and Tobago since its purchase of BG Group and is seeking to rival BP as the biggest player in the area.read more
Walker very frankly admitted that Shell “should be scared” during our discussion, where he said that one of his biggest fears is having to go and tell his director that he’d lost a billion dollar business because he didn’t foresee a new business model for Shell, enabled by new technologies.
He said:
That’s not solely my fault, but I think as their CIO, my job is to have some future vision. And you look at what other companies are doing and how easily I could be taken out.”
You only have to think about your own life and how things work, right? If it’s easier to go order what you want here or get it through this route, you will do it. And actually, you probably don’t care if it costs five cents more, or five cents less, you just don’t have the time to piss around on a site that doesn’t take your credit card properly, doesn’t seem to know who you are, and just seems a pain to get around.read more
Royal Dutch Shell and ConocoPhillips struck deals in March to sell Canadian oil assets to two Canada-based producers. In both deals, parts of the consideration for the transactions were shares of the Canadian companies that Shell and ConocoPhillips received.
Although the share transactions are subject to lock-up periods of up to six months following the closing of the deals, Shell and ConocoPhillips are getting ready to sell those shares—possibly months after acquiring them—regulations and agreements permitting.read more
May 31st, 2017
by John Donovan.
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Shell Todd seek consent to resume offshore drilling in Taranaki
By Mike Watson, May 30, 2017
Marine consents have been lodged by Shell Todd to use a mobile jack-up rig to resume drilling in the existing Maui natural gas field off the Taranaki coast.
The company lodged two consents with the Environmental Protection Agency to put in place and later remove a jack-up rig as part of its potential drilling programme in 2018-2019, a company spokeswoman said.
The rig will be positioned near the existing Maui A and B platforms between 35-50 kilometres offshore from the coastline.read more
May 30 (UPI) — Russian energy company Gazprom said it signed agreements with Royal Dutch Shell that could expand on bilateral deals related to liquefied natural gas.
Gazprom Chairman Alexei Miller hosted delegates from Shell at his Moscow office to discuss future collaboration on projects covered under strategic cooperation agreements from 2015.
Gazprom holds a 50 percent stake in the Sakhalin liquefied natural gas project on Russia’s far eastern coast, while Shell controls a 27.5 percent stake. Japanese companies hold the remaining interest.read more
Australian oil and gas companies that end up missing out on Origin Energy’s Lattice Energy portfolio may soon turn their attention across the Tasman, where energy giant Shell has kicked off a sales process for its New Zealand business that could be worth as much as $1 billion.
Investment bank JPMorgan has been working on a sale for the global oil company for some time, but flyer documents were finally released to prospective suitors this month.read more
A row has broken out in the Netherlands over a contract between one of the country’s top business schools and Royal Dutch Shell that appears to give the oil company influence over curricula and admissions.
The Rotterdam School of Management, part of Erasmus University Rotterdam, is also accused of failing to declare that it was paid more than €300,000 (£259,000) by Shell to produce a report that recommended lowering corporate tax rates to stop multinational companies moving abroad.read more
May 29th, 2017
by John Donovan.
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Conservationists want oil companies and regulators to consider leaving more old rigs in the North Sea rather than removing them, with the savings paid into a fund to protect sealife. After the Brent Spar debacle in 1995 when Shell provoked public outrage with plans to sink an old storage buoy, international regulations were imposed that work on the presumption that operators will remove rigs. Exemptions can be granted but are rare and on limited grounds.read more
May 29th, 2017
by John Donovan.
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Royal Dutch Shell is a British-Dutch oil and gas company focused on hydrocarbon production, processing and marketing in over 90 countries worldwide.
Gazprom and Shell are jointly engaged in the Sakhalin II project, which includes Russia’s only active LNG plant. The Sakhalin II operator is Sakhalin Energy Investment Company Ltd. (Gazprom – 50 per cent plus one share, Shell – 27.5 per cent minus one share, Mitsui – 12.5 per cent, and Mitsubishi – 10 per cent). In 2015, Gazprom and Shell signed the Memorandum to construct the third production train of the LNG plant, as well as the Agreement of Strategic Cooperation providing for the expansion of the companies’ joint project portfolio, including a potential asset swap.read more
Shell’s Make the Future Live took place at the Queen Elizabeth Olympic Park in Stratford, London from Thursday to Sunday.
The four-day extravaganza featured a number of inspiring and thoughtprovoking exhibits on the future of energy and how the world will have to move away from fossil fuels for energy in the future.
Some famous faces were also in attendance. Jason Bradbury from the Gadget Show and comedian Richard Ayoade hosted a podcast asking if London can become the world’s first carbon neutral city by 2050.read more
KUALA LUMPUR (May 29): Petroliam Nasional Bhd (Petronas) has given the greenlight to Royal Dutch Shell PLC for the sale of the latter’s 50% stake in the 2011 North Sabah enhanced oil recovery production sharing contract (PSC) to Hibiscus Petroleum Bhd’s indirect unit SEA Hibiscus Sdn Bhd.
Hibiscus announced last October that it had reached an agreement with Shell for the US$25 million or RM104.63 million stake buy, subject to Petronas’ approval.
The PSC includes the Labuan Crude Oil Terminal, and the fields of St Joseph, South Furious, SF30 and Barton, all located offshore Sabah. Sabah Shell Petroleum Co (25%) is the operator, with partner Shell Sabah Selatan (25%) and Petronas’ subsidiary, Petronas Carigali Sdn Bhd (50%), in the PSC.read more
May 29th, 2017
by John Donovan.
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Published 29 May 2017
Shell and partners have commenced deep-water production at the FPSO P-66 in Lula South, in the Brazilian pre-salt of the Santos Basin.
Shell holds 25% stake in the consortium while Brazilian oil firm Petrobras is the operator of the Lula oil field located in the BM-S-11 block with 65% stake.
The remainder stake of 10% is held by Galp through its subsidiary Petrogal Brasil.
P-66 is currently positioned in water depth of 2,150m and has the ability to process up to 150,000-barrels of oil and 6-million cubic meters of natural gas per day, stated Shell.read more
May 28th, 2017
by John Donovan.
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Caracas, Sunday May 28, 2017
MEXICO CITY – “We’re not here to go unnoticed,” said an executive in Mexico of the multinational oil giant Shell, which this year will open its first gas stations in this country, now that the state monopoly in the nation’s energy sector has come to an end.
“Shell operates in over 70 countries and we have more than 43,000 Shell-brand gas stations worldwide… Wherever we are, we play a relevant role and now we’re here to play a relevant role on the Mexican market,” Andres Cavallari, director of downstream operations (refining and marketing) of Shell Mexico, told EFE.read more
May 27th, 2017
by John Donovan.
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By Anna Hirtenstein: May 26, 2017
(Bloomberg) — Power-generating kites backed by Royal Dutch Shell Plc, Schlumberger Ltd. and EON SE will start tests in the U.K. this summer, with the aim of developing a technology that could eventually replace offshore wind turbines.
Kite Power Systems, known as KPS, is working on a 17-meter device that flies on air currents high above the ground and generates power by pulling at a cable. It raised 5 million pounds ($6.4 million) from the three energy giants last December.
“The reason we are interested in something like this is that it has potential to reduce the cost of offshore wind in the future,” said Geert van de Wouw, managing director of Shell Technology Ventures BV. “Fundamentally, looking at the science, flying the kite at high altitudes so there’s lots of wind, and the cost of materials is quite a lot lower than a normal offshore wind turbine.”read more
Royal Dutch Shell’s Brazilian subsidiary BG E&P Brasil and partners began production in a deepwater field in the Santos Basin on Friday, according to a new report by World Oil.
The floating production storage and offloading vessel (FPSO) P-66 sits at a depth of 2,150 meters and can extract 150,000 barrels of oil and six million cubic meters of natural gas per day. The vessel is the first in a series commissioned by Petrobras to exploit the BM-S-11 block within a consortium.read more
May 26th, 2017
by John Donovan.
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FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo
Saudi Aramco plans to spend $18 billion in the next five years to expand its operations in the Americas, focusing on its U.S. oil refining subsidiary Motiva Enterprises, Motiva said on Thursday.
Motiva [MOTIV.UL] called the $18 billion estimate “a general framework of opportunities” to increase refining capacity, branch into chemicals, and expand its commercial operations, marketing and branded presence in the next five years.read more
May 26th, 2017
by John Donovan.
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Emily Gosden, Energy Editor: 26 MAY 2017
Shell plans to install ten rapid-charging points for electric vehicles on its British petrol station forecourts this year: SHELL
Royal Dutch Shell is stepping up its drive into the electric vehicle market by developing smart charging technology to prevent battery-powered cars causing blackouts.
The oil major said it had tested the service, which intelligently controls when cars draw electricity from the grid, in London, Hamburg and San Diego, and was drawing up plans for its commercial deployment.
An increasing number of companies are looking at the issue because of concerns that power grids cannot cope with the demand from even modest numbers of electric vehicles charging at the same time.read more
May 25th, 2017
by John Donovan.
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By Nia Williams
CALGARY, Alberta, May 24 (Reuters) – Canadian equity markets risk being swamped with oil sands company shares this year as Royal Dutch Shell and ConocoPhillips prepare to offload C$6.8 billion ($5.1 billion) worth of stakes in two domestic producers, just months after acquiring them.
The two firms acquired shares in Canadian Natural Resources Ltd and Cenovus Energy as part of deals struck earlier this year to sell off oil sands assets.
Sources told Reuters on Tuesday that Shell has decided to sell its C$4.1 billion stake in CNRL while ConocoPhillips has said it is not a long term investor in Cenovus.read more
May 24th, 2017
by John Donovan.
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Shell, Exxon may appeal over planned Groningen gas output cut
AMSTERDAM, May 24 (Reuters) – A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it was considering appealing against a Dutch government plan to cut production at the Groningen gas field by 10 percent.
The Dutch state earlier on Wednesday confirmed it intended to go ahead with a tightening of output at the massive field from Oct. 1. It said interested parties had until July 7 to announce an appeal.
The 50-50 Shell-Exxon joint venture known as NAM, said in a reaction that the measure was “disproportionate” and ignored previously agreed safety norms, which do not call for such a large reduction.read more
Though sales at Royal Dutch Shell have been declining, the company’s profit more than doubled in the past year – catapulting it to the top of our 2017 list of Europe’s largest companies.
Shell is one of 469 Europe-based public companies on Forbes’ Global 2000, our annual ranking of the world’s largest public companies.
For the past year, Shell saw $234 billion in sales,$4.6 billion in profit, $411 billion in assets and a market cap of $228 billion. In 2016, the company ranked as the 50th largest company in the world. Today, it ranks 20th.read more
May 23rd, 2017
by John Donovan.
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Shell to sell C$4.1 billion stake in Canadian Natural -sources
By John Tilak and David French: 23 May 2017
TORONTO/NEW YORK, May 23 (Reuters) – Royal Dutch Shell Plc has decided to offload a roughly C$4.1 billion ($3 billion) stake in Canadian Natural Resources Ltd (CNRL) that it acquired as part of a deal to retreat from Canada’s oil sands earlier this year, people familiar with the situation told Reuters.
Shell has been interviewing investment banks to hire a financial adviser for the share sale, four people said in the past week, declining to be named as the discussions are confidential.read more
Royal Dutch Shell has convincingly defeated a climate activist uprising after facing down one of its most bitter stand-offs with shareholders over its climate goals.
Around 94pc of shareholders voted down a special resolution calling for the oil giant to set and publish annual targets to reduce carbon emissions at its AGM in the Hague on Tuesday. The board also survived a vote on executive pay which was backed by 93pc of shareholders.
But anger over the group’s focus on fossil fuels dominated the meeting, underlining the mounting pressure facing oil majors to address public concern.read more
Royal Dutch Shell (RDSa.L) shareholders on Tuesday widely rejected a proposal by an environmental group calling for the oil company to set and publish annual targets to reduce carbon emissions.
The vote is a setback for climate activists who are increasing pressure on global oil companies, including U.S. firms Exxon Mobil (XOM.N) and Chevron (CVX.N), to become more ambitious in helping combat climate change.
Around 94 percent of Shell shareholders who cast a vote decided against resolution 21, according to final results reported following the company’s annual general meeting (AGM) in The Hague. Roughly 5 percent of voters abstained.read more
Royal Dutch Shell has been rapped over its climate change commitments, with shareholders criticising its rejection of emissions targets that would bring it in line with the Paris climate accord.
Shareholders at the oil giant’s annual general meeting (AGM) at The Hague spent hours questioning Shell’s board members, who said that while the company supported the Paris agreement, setting company targets was “not in the best interest of the company”.
Shell chief executive Ben van Beurden said his company was making progress in lowering its emissions, but that achieving Paris Climate Agreement goals – which aim to limit global warming to below 2 degrees Celsius from pre-industrial levels – would require broader coordination, including active government support.read more
May 23rd, 2017
by John Donovan.
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The threat of climate change is real and action is needed, says Ben van Beurden, the chief executive of Royal Dutch Shell.
Ben van Beurden also touched on the oil giant’s transformation, millennials, the new Trump administration and more in a May 17 interview with The Washington Post.
It’s been a turbulent couple of years for the Shell chief executive. With the roller coaster in crude oil prices, the company’s stock has lurched from a high of $83.12 a share six months after he took charge to a low of $36.87 a share. The stock has climbed back, but revenues have plunged by a third since 2013. The shareholders’ annual meeting is Tuesday at The Hague.read more
Law360, New York (May 22, 2017, 3:42 PM EDT) — A Nigerian environmental and human rights advocate has urged the Second Circuit to uphold an order requiring Cravath Swaine & Moore LLP to turn over documents related to her planned litigation against Royal Dutch Shell in the Netherlands, saying the request is narrow and covers information already disclosed in a prior case.
Esther Kiobel’s brief to the appeals court comes in response to Cravath’s argument that Shell, not the law firm, must be the one to hand over the documents. Cravath had also asserted that Kiobel…read more
Royal Dutch Shell has issued its starkest warning yet to the Trump administration to not pull out of the Paris Agreement addressing climate change.
The Anglo-Dutch oil behemoth said withdrawing from the historic 2015 deal to cut greenhouse gas emissions “would be unhelpful on a number of fronts,” sacrificing diplomatic leverage in international trade deals and impeding U.S. companies.
“What I think would happen as a consequence of [withdrawal] is that the U.S. would weaken its own hand by basically uninviting itself from a number of [negotiating] tables,” Shell CEO Ben van Beurden told the Financial Times in an interview published Monday morning.read more
May 23rd, 2017
by John Donovan.
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Fossil fuel company Shell receives special treatment from the publicly-funded National Gallery despite the oil major’s history of climate obstructionism, documents seen by DeSmog UK show.
The news comes as shareholders gather for Shell’s annual general meeting in The Hague today, with the board under pressure to agree to company-wide emissions reduction targets.
Campaigners have long complained about Shell’s relationship with some of the UK’s most high-profile cultural organisations, arguing that the company should not be allowed to launder its reputation through its association with respected national institutions until it makes a firm commitment to tackle climate change.read more
May 22nd, 2017
by John Donovan.
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By Laura Paterson: 20th May 2017, 6:36 pm
A GAS LEAK sparked a major evacuation and shut down of a North Sea oil rig.
The gas detection alarm was sounded on Friday morning on Shell’s Brent Charlie platform, 115 miles north-east of Shetland.
The oil giants said all 176 people on board have been accounted for and a total of 31 non-essential workers were being evacuated from the platform as a precaution.
A Shell spokeswoman said: “Following a gas detection alarm, production was shut down and the platform called to muster. The source of the leak has been safely detected and isolated and a full investigation into the cause will be completed.read more
May 22nd, 2017
by John Donovan.
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By Janene Pieters on May 22, 2017 – 11:05
American companies will face detrimental consequences if U.S. president Donald Trump decides to withdraw his country from the Paris climate agreement, Shell CEO Ben van Beurden warned in an interview with British newspaper Financial Times. Van Beurden is one of the first to criticize Trump’s decisions from the business community, which is set to benefit from Trump’s promises of tax cuts and relaxed rules, RTL Nieuws reports.read more
May 22nd, 2017
by John Donovan.
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By Lynn Cook and Elena Cherney:
Forecasts for peak oil demand diverge by decades. The Paris-based International Energy Agency argues that demand will grow, albeit slowly, past 2040. And the two biggest U.S. oil companies, Exxon MobilCorp. and ChevronCorp. , say peak demand isn’t in sight.
But some big European producers predict that a peak could emerge as soon as 2025 or 2030, and they are overhauling their long-term investment plans to diversify away from crude oil. Royal Dutch Shell PLC and Norway’s Statoil SA are placing bigger bets on natural gas and renewables, including wind and solar.read more
The alarm was raised on Friday on the operator’s Brent Charlie.
The oil super major was forced to shutdown production after a gas detection alarm was triggered.
A total of 31 personnel were flown off the platform. The crew were largely associated with production, which remains suspended today.
Investigations into the cause of the isolated incident will be carried out for the remainder of the day.
The Brent field, operated by Shell, lies off the north-east coast of Scotland, midway between the Shetland Islands and Norway. It was discovered in 1991. The field’s lifespan was originally estimated to be only 25 years. To date, the Brent field has produced around three billion barrels of oil equivalent.read more
Shell has a contractual agreement with a major Dutch university, which allows it to influence the curriculum and “the profile of its students”, according to documents seen by Energydesk.
The oil giant also paid Erasmus university hundreds of thousands of euros for conducting research into the business climate for multinationals in the Netherlands, invoices paid in 2008 and 2009 show.
The contract was signed in 2012 between Shell and the Rotterdam School of Management (RSM), an international business school which is based at Erasmus university in the Netherlands, where Shell is headquartered.read more
May 20th, 2017
by John Donovan.
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A concept Shell station has a restaurant and collection spot for online shoppers (left), deli (right), solar panels to help power the station, blue-topped chargers and fueling points for electric and hydrogen vehicles—and, yes, gas pumps at back right.PHOTO: SHELL
The Federal High Court sitting in Abuja on Thursday fixed July 5, 2017 to hear the preliminary objections to a suit filed by Malabu Oil and Gas Ltd against the Federal Government.
Joined as defendants in the suit are the Minister of Petroleum Resources, Shell Nigeria Ultra-Deep Limited, Shell Nigeria Exploration and Production Company Ltd; Nigerian Agip Exploration Company Ltd; Economic and Financial Crimes Commission (EFCC) and Chief Dan Etete.
In the suit filed on 10th April, 2017, Malubu Oil and Gas Limited is seeking an order of court stopping Shell Nigeria Exploration and Production Company and Nigerian Agip Exploration Company Limited from signing the Final Investment Decision (F.I.D) for the $13.5 billion Zabazaba Deep water Project located in Oil Prospecting Licence (OPL245) in the second quarter of this year.read more
In March this year, Shell said that it is proposing a Directors’ Remuneration Policy, subject to shareholder approval at the 2017 Annual General Meeting (AGM) on May 23, 2017. The policy, if approved by shareholders, will be effective until the 2020 AGM, unless shareholders approve other policies in the meantime.
The proposed remuneration policy for executives includes, among other things, new metrics for greenhouse gas (GHG) management, and these now form 10 percent of the annual bonus scorecard, Shell said.read more
Royal Dutch Shell said Wednesday that beginning Jan. 1 it will offer at least 16 weeks paid maternity leave to its female employees worldwide.
The policy will particularly boost benefits for employees in 45 countries where there are only limited paid or unpaid maternity leave benefits, such as in the United States.
On its recruitment website, the oil giant said the policy is designed to attract, and keep, women in the work force. Claire Punins, an exploration geologist for Shell, championed a maternity leave standard at Shell, according to an article on the company’s website.read more
Shell has a contractual agreement with a major Dutch university, which allows the oil giant to influence its curriculum, according to documents seen by Energydesk.
Shell also paid Erasmus university hundreds of thousands of euros for conducting research into the business climate for multinationals in the Netherlands, invoices paid in 2008 and 2009 show.
The university, which ranked 69th in the 2017 world university rankings, said it “has nothing to hide”. It said that Shell has played “no formal part” in the development of its curriculum and would create a publicly available register of its corporate ties, in response to the findings.read more
SSPF, the closed Dutch pension fund of oil giant Shell, has divided its €27bn investment portfolio into three sub-portfolios for matching assets, return-seeking investments, and liquidity.
In its annual report for 2016, it said the liquidity portfolio’s holdings included collateral for other parts of its investment portfolio.
It added that the benchmark for the new liquidity portfolio comprised euro-denominated government bonds and investment grade credit (excluding financials), and US government paper.read more
May 16 (UPI) — Royal Dutch Shell has started the process to take down legacy operations at the Bravo production platform in the North Sea, which supports the Brent oil field, Wood Group said.
The Scottish oilfield services company said it secured a contract from Royal Dutch Shell to start tearing down the platform. “Effectively immediately,” the company said it was preparing the platform for removal and carrying out modifications so it can “operate on minimum manning mode.”read more
May 16th, 2017
by John Donovan.
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May 16 Nigerian workers from an oil labour union have extended a strike to oil majors Chevron, Shell and Eni subsidiary Agip in protest over the sacking of members from Exxon Mobil Corp, the union’s general secretary said on Tuesday.
Lumumba Okugbara, of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), said union representatives would meet Exxon Mobil management on Tuesday for talks. Members of the union began a strike at Exxon Mobil last week.
(Reporting by Anamesere Igboeroteonwu; Writing by Alexis Akwagyiram; Editing by Mark Potter)read more
May 16th, 2017
by John Donovan.
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Gordon Deegan:
The performance of the Corrib gas field is exceeding expectations, with its promoters recording sales of (Canadian) $241.34m (€160m) in the first quarter of this year.
That is according to a new report by one of the Corrib partners, Canadian-based Vermilion, which recorded that between January and March this year the project exceeded expectations for “well deliverability and downtime”.
As a result of the strong performance, Vermilion has adjusted its field and well performance estimates “and now expects to maintain peak production through Q1 2018 and potentially into Q2 2018”.read more
Royal Dutch Shell (RDS.A, RDS.B) and Saudi Aramco complete the separationof the assets, liabilities and businesses of their U.S.-based refining and marketing joint venture.
Shell now holds sole ownership of the 235K bbl/day Norco refinery, where subsidiary Shell Chemical already operates a petrochemical plant, and the 242,250 bbl/day Convent refinery, which Motiva previously said will be integrated to create the Louisiana Refining System, as well as 11 distribution terminals.read more
May 15th, 2017
by John Donovan.
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May 15 2017
Three activists are being held in custody three days after taking part in a protest at Amsterdam’s Van Gogh Museum to highlight its relationship with Dutch oil giant Shell.
Seven women were arrested for staging an unscheduled ‘performance’ in the foyer on Friday. The activists, barefoot and dressed in white, drank a black liquid from scallop shells. Police were called when they ignored requests to leave the building.
A member of the support team was arrested later in the day. Five of the demonstrators have since been released but remain suspects in the investigation. Police said the three others were being kept in custody because they refused to identify themselves.read more
Ben Van Beurden’s total pay and perks for his role as Royal Dutch Shell’s chief executive, rose to €8.6 million for last yearERIC PIERMONT/AFP/GETTY IMAGES
By Emily Gosden: Thursday 11 MAY 2017
Shareholders in Royal Dutch Shell have been urged to oppose “excessive” executive pay after the oil giant awarded its boss a 54 per cent pay rise.
Pirc, the investor group, criticised Shell’s remuneration report, which showed that Ben van Beurden’s total pay and perks rose to €8.6 million for 2016, up from €5.6 million in 2015. Pirc said this was “excessive at 453 per cent of salary” and urged shareholders to vote against the report at the annual general meeting on May 23.read more
May 10th, 2017
by John Donovan.
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By Gaurav Sharma in Houston, Texas, USA: 10 MAY 2017
A decline in extraction costs is helping the oil and gas industry weather turbulence, or what is often dubbed in the market as an ongoing ‘era of lower for longer oil prices,’ according to oil and gas giant Royal Dutch Shell’s top lawyer.
Speaking at global law firm Baker & McKenzie’s Annual Oil & Gas Institute, in Houston, US, on Wednesday (10 May), David Brinley, general counsel at Shell, said: “The oil and gas industry is probably at its most turbulent point in its history. Furthermore, the confluence of political, economic and social change is nothing like I have seen in my 27 years at Shell. However, it is fair to say the industry’s commitment to efficiencies is just getting interesting now.”read more
OVER 500 EXTERNAL PUBLICATIONS CITING OUR SHELL WEBSITES
See our link list of over 500 articles by the FT, Wall Street Journal, Reuters, Bloomberg, Forbes, Dow Jones Newswires, New York Times, CNBC etc, plus UK House of Commons Select Committee Hansard records, information on U.S. Securities & Exchange Commission websiteetc. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Includes TV documentary features in English and German, newspaper and magazine articles, radio interviews, newsletters etc. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Click on this link to see the entire list, all in date order with a link to an index of over 100 books also containing references to our websites and/or our activities.
John Donovan, the website owner A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
JOHN DONOVAN, THE OWNER OF THIS AND SEVERAL OTHER SHELL FOCUSSED WEBSITES
SHELL PRELUDE TO DISASTER
The links below are to a series of articles, many triggered by a well-placed whistleblower directly involved in the pioneering Royal Dutch Shell Prelude project. Includes articles by Mr Bill Campbell above, the retired distinguished HSE Group Auditor of Shell International and another retired Shell guru with a track record of spotting potential pitfalls in major Shell projects.
The campaign waged on this website by John Donovan to persuade Edward Heerema to rename the worlds biggest ship, The Pieter Schelte - which he named after his late father, Pieter Schelte Heerema, a former Officer in the German Waffen-SS - has been successful. On Friday 6 February 2015, Allseas announced that it was changing the ships name, and on 9 February announced the new name - Pioneering Spirit.
GLOBAL NEWS COVERAGE: FEBRUARY 2010
MORE INFORMATION: Contact details for over 176,000 employees and contractors of Royal Dutch Shell reached John Donovan and some environmental and human rights groups, ostensibly from disaffected Shell staff calling for a “peaceful corporate revolution” at the company. The database, from Shell’s internal directory, contained names and telephone numbers for all the company’s work force worldwide, including some home numbers. It was supplied with a 170 page covering note, explaining that it was being circulated by “116 concerned employees of Shell dispersed throughout the USA, the UK, and the Netherlands”, to highlight the harm done by the company’s operations in Nigeria. John Donovan brought the leak to the attention of Shell. Tests proved that the data was authentic and he destroyed the database after being informed by Mr. Richard Wiseman, the then Chief Ethics & Compliance Officer of Royal Dutch Shell Plc, that the confidential information if publicly disclosed, could put Shell employees and contractors in real danger.
This is not a Shell website. That fact should be abundantly plain from the overall content of this home page and our sister Shell focussed websites, including shellnazihistory.com. Click on the Disclaimer link at top of this page for more information. You Can Be Sure Shell does not endorse or approve of this website. There are no subscription charges nor do we solicit or accept donations. It is an entirely free to use website drawing attention to the negative side of Shell while also publishing positive news about the company. The Shell logo image with the white text used on this website, as per the above example, is in the public domain because its copyright has expired and its author is anonymous. It can be found on WIKIMEDIA COMMONS. Our shellenergy.websitepublishes Shell Energy customer complaints posted on Trustpilot where there is an ample supply. Use this link for Shell’s own website.
Shell and BP take a beating as bank woes hit crude pricesMarch 15, 2023 17:36Proactive InvestorsBP PLC (LSE:BP.) and Royal Dutch Shell PLC (LSE:SHEL, NYSE:SHEL) shares have taken a hit, dropping over 8%, due to a sell-off in the banking sector.
The natural resources market has been volatile, with Brent Crude and West Texas Intermediate falling by 4- …
Shell CEO Pay Up 50%March 9, 2023 21:23Manufacturing Business TechnologyCEO of Royal Dutch Shell Ben van Beurden speaks at a meeting with Russian President Vladimir Putin in Moscow, Russia, Wednesday, June 21, 2017. Shell paid outgoing Chief Executive Ben van Beurden a total of 9.7 million pounds ($11.5 million) in 2022 as the …
Former Shell CEO's pay jumped 53% to $11.5m in 2022March 9, 2023 11:17Gulf NewsBen van Beurden, chief executive officer of Royal Dutch Shell, speaks during the 26th World Gas Conference in Paris, France, June 2, 2015
Image Credit: Reuters
London: Shell's former chief executive, Ben van Beurden, received a pay package of 9.7 …
Big Oil Goes Green: Shell Acquires VoltaFebruary 9, 2023 06:03Law Street MediaIn Big Oil’s latest foray into green energy, Shell has announced its acquisition of Volta, Inc. for $169 million.
Expected to close during the first half of 2023, the all-cash deal “builds on the momentum in electric mobility by combining one of the …
SHELL’S ROLE IN NIGERIAN OPL 245 BRIBERY SCANDAL
Whatever fig leaves they might be trying to use to hide the truth, Shell and Eni paid over $1bn to a company called Malabu for the OPL 245 licence. Even though the payment was channelled through the Nigerian government, it was clear that Shell knew that the ultimate beneficiary was Dan Etete, the former minister of petroleum. Etete is the owner of Malabu, to whom he awarded the licence when he was Nigerian Minister of Petroleum.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
MORE INFORMATION
Shell appeased and collaborated with the Nazis. The oil giant instructed its employees in the Netherlands to complete a form giving particulars about their descent, which for some, amounted to a self-declared death warrant. Shell used slave labor and was a close business partner in Germany of I.G. Farben, the notorious Nazi run chemical giant that also used slave labor and supplied the Zyklon-B gas used during the Holocaust to exterminate millions of people, including children. Shell continued the partnership with the Nazis in the years after the retirement of Sir Henri and even after his death. It was money generated on Shell forecourts around the world, profiteering from cartel oil prices, that funded the Nazi party and saved it from financial collapse. Evidence about Shell's Nazi connections can be found in extracts from "A History of Royal Dutch Shell" Volumes 1 and 2 authored by historians paid by Shell, who had unrestricted access to Shell archives. There are 67 pages in total, so takes some time to download.
Photograph (full size here) shows a Swastika flag flying at the head office of Royal Dutch Petroleum, 30 Carel van Bylandtlaan, The Hague, during the Nazi occupation of the in World War II (From Image Database Hague Municipal)
Sir Henri Deterding, the founder of the Royal Dutch Shell Group - known as "The Most Powerful Man in the World" - who became an ardent Nazi and financial supporter of Hitler and the Nazi party.
Reading between the lines in various legal documents, it seems that the allegations are that after the technology in question had been disclosed to a Shell company in the USA, the information was passed to Shell in the Netherlands in breach of confidentiality. And Royal Dutch Shell subsequently exploited the technology without payment or credit to the company holding the rights; Newton Research Partners. The inference seems to be that Twister B.V. was founded by Shell partly on trade secrets stolen from Bloom/Newton.
DISCLAIMER: This is not a Shell website nor is it officially endorsed by or affiliated with Royal Dutch Shell Plc. Originally co-founded by the late Alfred Donovan and his son John, it is now operated by John, Shell's "No.1 Enemy", aided by an expert team, with invaluable support from retired Shell senior executives and officials as guest contributors and leaked information from Shell insiders. (JOHN DONOVAN, WEBSITE OWNER) For nearly a decade, we have operated globally under the Royal Dutch Shell Plc top level domain name, dealing on Shell’s reluctant behalf with job applications, business proposals, Shell pension enquiries, shareholder enquiries, complaints, invitations to speak at conferences, an approach from the Dutch Defence Ministry and even terrorist threats. All meant for Shell. Prospect magazine has aptly described this website as being:"An open wound for Shell": WIPO proceedings by Shell to seize the domain name failed. NO SUBSCRIPTION CHARGES: All of our watchdog activities monitoring Royal Dutch Shell, including operating this website, are carried out on a non-profit basis. Any advertising revenues generated are used to recover and/or defray operational costs. We are a news aggregator and original content website. All information is available free for educational and research purposes. SHELL TACIT ENDORSEMENT: WHAT A WELL INFORMED SHELL OFFICIAL SAID ABOUT US:
"John and Alfred Donovan well known in UK/Hague. They perceive Shell played them and so have made it their mission to embarrass,belittle and criticize Shell, which they do quite well. Their website, royaldutchshellplc.com is an excellent source of group news and comment and I recommend it far above what our own group internal comms puts out."
WARNING TO SHELL EMPLOYEES: Shell Global Affairs Security "CAS") is spying on Shell employees globally trying to trace who is visiting, posting, or leaking information to this website from Shell premises. Threats, including death threats, have allegedly been made against conscience driven Shell whistleblowers supplying us with information. The worlds biggest leak of employee details as part of a claimed corporate revolution by 116 Shell employees, suggest the espionage operation, threats and draconian litigation have not been entirely successful in cutting off the supply of information to this website. The insider leaks had already cost Shell billions on the Sakhalin Energy project and the loss of SEIC Deputy Chairman, David Greer. We publish our own carefully researched articles about Shell e.g. "How Royal Dutch Shell saved Hitler and the Nazi Party". MEDIA COVERAGE: Prospect Magazine, The Sunday Times, and The Guardian, have all published major articles about us: "Rise of the Gripe Site";"Two men and a website mount vendetta against Shell' and "92-year-old's website leaves oil giant Shell-shocked”. SHELL PETROL STATION images displayed in the website header panel are licensed under the GNU Free Documentation License.
COPYRIGHT NOTICE: Information on copyright issues here.
John Donovan can be contacted at [email protected]
SHELL’S $500,000 WEDDING GIFT TO CORRUPT BRUNEI ROYAL FAMILY
EXTRACT FROM ASIAN JOURNAL ARTICLE IN LIST OF LINKS BELOW: "Fireworks will light up the sky for three nights. The local unit of oil giant Royal Dutch Shell has donated 500,000 Brunei dollars (US$292,400; euro 243,700) for the display, and for cultural events to be hosted by popular performers from Malaysia."
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS:
THIS IS WHAT IT SAID:
Subject: This could be the most important whistleblower email you have ever received.
Some unfortunate Royal Dutch Shell workers have already lost their lives. More lives are at stake.
My name is Bill Campbell. I am a former Group Auditor of Shell International. I am writing to you on a matter of conscience in an effort to avert the inevitability of another major accident in the North Sea. The consequences could potentially impact on families in many constituencies, including your own.
As Royal Dutch Shell and the Health & Safety Executive would acknowledge, I am an expert on safety matters relating to offshore oil and gas platforms. In 1999, I was appointed by Shell to lead a safety audit on the Brent Bravo platform. The audit revealed a platform management culture that basically gave a higher priority to production than the safety of Shell employees. To our astonishment we discovered that a "Touch F*** All" policy was in place. Worse still, safety records were routinely falsified and repairs bodged.
I personally brought the shocking situation to the attention of senior management including Malcolm Brinded, the then Managing Director of Shell Exploration & Production. I revealed that ESDV leak-off tests were purposely falsified, not once but many times and that Brent Bravo platform management had admitted responsibility for the dangerous practices being followed. In response to my team ringing alarm bells, management pledged to rectify the serious problems which had been uncovered.
When I later complained that the pledges were not being kept, I was removed from my oversight function.
Four years later, a massive gas leak occurred on the platform. Two workers lost their lives. I have no doubt at all that the inaction of the relevant Asset Manager, the General Manager, the Oil Director and Malcolm Brinded, contributed in some part to the unlawful killing of two persons on Brent Bravo in September 2003.
Shell subsequently pleaded guilty to breaches of the HSE regulations and a record-breaking £900,000 fine was imposed. I thought this would bring about a real change in policy to put the emphasis on safety.
Unfortunately I was wrong. Although I supplied the evidence related to 1999, and the fact that there had been a collapse in controls of integrity from 1999 to 2003 on all 16 of Shell's North Sea offshore installations covered in a post fatality integrity review to the HSE for review by the Procurator Fiscal, none of this evidence was presented before the Sheriff at the subsequent Inquiry. The situation is explained in a letter to the Procurator Fiscal and the Sheriff (on 24th February 2007).
Shell management has engaged in spin to try to pretend that it is getting to grips with its safety problem. However, its atrocious safety record - the worst in the North Sea in terms of accidental deaths and absolute number of enforcement actions – tells a different story. This fact has resulted in a number of newspaper articles.
I have had meetings with senior Shell people including its CEO Mr. Jeroen van der Veer. I regret to say that I have found him to be economical with the truth. He prefers to support cover-up and deceit rather than confronting the underlying problems. Brinded is now Executive Director of Shell Exploration & Production. He believes in burying evidence.
My family and friends would probably prefer me to give up on this matter and enjoy my retirement after so many years working for Shell.
However, by writing to every MP in the UK, no one can ever say that I did not do my best to avert an inevitable further major accident event in the North Sea. When it happens (I pray that I am wrong) I will make this warning communication available to the media together with the vast amount of evidence in my possession.
At least my conscience is clear. I have done everything possible to ring the alarm bells about Shell management and its unscrupulous attitude to the safety of its employees.
Yours sincerely
Bill Campbell
ENDS
(Malcolm Brinded and Jeroen van der Veer are no longer with Shell. The Oil Director referred to in the email is Chris Finlayson, who left Shell to become Chief Executive of British Gas before being fired - his photo immediately below)
SIR PHILIP WATTS, THE GROUP CHAIRMAN OF ROYAL DUTCH SHELL GROUP, FORCED TO RESIGN IN 2004
Shell’s reputation was destroyed in 2004 after FIVE consecutive cuts to its hydrocarbon reserves covering 55% of its total reserves. US and UK financial regulators imposed $150 million in fines on Shell for securities fraud. Shell was also rocked by class action lawsuits. Sir Philip Watts
and Walter van de Vijver (whose headcut images appear courtesy of The Wall Street Journal) were among the Shell executives forced to resign. More details at the foot of this column.
MORE DETAILS: The Shell reserves scandal brought about
the end of the Royal Dutch Shell Group in its original form as an Anglo-Dutch partnership.
Shell Transport & Trading Co and Royal Dutch Petroleum were unified into a single Dutch owned company - Royal Dutch Shell Plc.
Sir Philip turned to religion and is now a very wealthy priest after receiving a payoff/pension package from Shell reportedly worth $18.5 million. Walter van de Vijver in contrast was the victim of a sadistic sacking by his Shell senior management backstabbing colleagues.
Displayed below are some of the spectacular promotional campaigns my company Don Marketing created for Shell in the 1980s and 1990s. This was before the series of SIX high court actions we brought against Shell for stealing ideas (4) and for defamation (2) - all settled by Shell. This website is a permanent response by me to the malicious underhand tactics, including treachery, espionage and intimidation, used by Shell during and after the bouts of litigation. More information is printed at the foot of this column.
MORE DETAILS: After a solicitor acting for Shell threatened to make the litigation "drawn out and difficult" with the intention of draining the resources of a financially weaker opponent, my late father (Alfred Donovan) and I decided to mount a wide-ranging campaign as a counter-measure. We jointly founded the Shell Corporate Conscience Pressure Group, which nearly 15% of Shell UK retailers joined. We regularly conducted ethical surveys involving up to 1500 Shell petrol stations. All responses were opened and authenticated by an independent solicitor who supplied Affidavits confirming the results. In whole page announcements in trade magazines (examples above) we challenged Shell to commission and publish the resuits of independent research asking the same questions and offering respondents GUARANTEED anonymity. Shell never took up the invitation. Instead it asked the UK Advertising Standards Authority to investigate our Shell surveys. No problems were found. The head-cut image of Alfred Donovan appears courtesy of The Wall Street Journal.
SHELL CONTROVERSIES
selection of memorable warnings/articles/images associated with the controversial track record of Royal Dutch Shell.
WARNING: DO NOT DISCLOSE YOUR IDEAS TO SHELL GameChanger OR SHELL Ideas360 WITHOUT TAKING EVERY POSSIBLE PRECAUTION. Shell management has ample funds to pay for intellectual property but prefers to steal it from small businesses and in our experience, gives its full backing to dishonest managers willing to do its bidding. We have sued Shell repeatedly in the High Court for the theft of our Intellectual Property. It is doubtful if anyone can match our dire experience in dealing with this ruthless unscrupulous serial poacher of other parties ideas. Expect threats, legal machinations and sinister action from Shell and its spooks if you object to having your ideas stolen.
Some years ago extensive documentary evidence was brought to the attention of Malcolm Brinded above, when he was Chairman of Shell UK, proving beyond any doubt that Shell executives had conspired to rig a tender for a major contract. A number of innocent firms were deliberately lured into signing confidentiality agreements and disclosing Intellectual Property to Shell under false pretences, in a carefully contrived plot. The firm which was awarded the contract never took part in the tender. One objective of the Machiavellian plan was to stop/delay IP trade secrets owned by the participants in the tender from being disclosed to Shell's rivals. This was achieved by outright deception, without paying a cent to the firms involved, who wrongly believed they were participating in an honest tender. Instead of sacking the ring leader, AJL - who had a personal relationship with the firm which miraculously won the race in which it never ran - Shell senior directors, including Brinded, gave AJL their full backing. Some of the Shell executives involved, including for example, Tim Hannagan, still hold high positions inside Shell - in his case, Global Brand and Visual Identity Manager. If Shell does not accept that this is a true, provable account of what happened, then it should sue for libel. How on earth is such predatory conduct compatible with Shell's claimed business principles?