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August 11th, 2017:

Protesters storm Shell crude flow station in Niger Delta

Tife Owolabi: AUGUST 11, 2017 / 11:13 AM

AKUKU-TORU, Nigeria (Reuters) – Hundreds of Nigerian protesters stormed a crude oil flow station owned by Shell in the restive Niger Delta on Friday demanding jobs and infrastructure development, a Reuters witness said.

The protesters complained they were not benefiting from oil production in their area, a common refrain in the impoverished swampland that produces most of Nigeria’s oil. They also demanded an end to oil pollution in the area. 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.

Royal Dutch Shell: If I Could Buy Just One Energy Stock

I’ve advocated CEO Ben van Beurden is the real deal. He’s a no-nonsense Dutchman with an eye for business simplification and efficiency; precisely what Shell needed.

: Aug. 11, 2017 9:55 AM ET

Summary

  • In 2017, most energy stocks have under performed.
  • Amidst the castaways, there’s a Super Major gem hiding in plain sight.
  • It’s a turnaround story wrapped in a 6.7% dividend yield.

Of all the companies I follow, one 2Q 2017 earnings release stood out. The company blew out Street estimates. Management continued to fulfill promises to investors. Remarkably, the stock resides in 2017’s most downtrodden neighborhood: Energy.

The company is Royal Dutch Shell (RDS.A) (RDS.B).

For those that follow my work here on Seeking Alpha, I’ve been constructive on RDS shares for a long time. I’ve advocated CEO Ben van Beurden is the real deal. He’s a no-nonsense Dutchman with an eye for business simplification and efficiency; precisely what Shell needed. In 2014, Mr. van Beurden was elevated to the CEO role after an outstanding run at Shell Chemical. 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.

Oil Poised for Weekly Loss Amid Weaker Demand Outlook

IEA sees OPEC’s commitment to clearing global glut fading Agency reduced demand estimates for this year and 2018

Royal Dutch Shell Plc has restarted four units at its Pernis refinery and more will be brought online in the coming days, according to an environmental regulator.

Oil slipped, heading for the biggest weekly loss in a month, as the outlook for demand dimmed amid an already shaky market.

Futures dropped 0.8 percent in New York Friday, poised for a weekly decline of 2.8 percent. The International Energy Agency reduced demand estimates for OPEC crude this year and in 2018, and said there are doubts about the group’s commitment to cutting production, according to its monthly report released Friday. Even a pledge by Saudi Arabia and Iraq to strengthen their commitment to the curbs and maintain balance in world crude markets isn’t helping to prop up prices. 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.

Trump Rolls Back Anti-Corruption Efforts in the Oil Industry

In Nigeria, one anti-corruption campaigner fears that if the era of U.S.-led transparency initiatives is over, the relapse will be stark. In April, Global Witness published e-mails documenting the case of a payment of more than a billion dollars that Royal Dutch Shell and the Italian oil company Eni made to Nigeria through unusual channels. According to Global Witness, Shell “knew it was party to a vast bribery scheme,” and international investigations are under way.

By : 11 August 2017

The rule, which was mandated by a law co-sponsored by former Republican Senator Richard Lugar, of Indiana, and Democratic Senator Ben Cardin, of Maryland, was designed to combat bribery and corruption, especially in poor countries governed by kleptocrats. Thirty other countries, including Canada and the members of the European Union, had already adopted similar requirements. Yet the American Petroleum Institute and companies such as ExxonMobil, at the time when Secretary of State Rex Tillerson was still its C.E.O., had lobbied against the rule. They said that it was costly to implement and gave unfair advantage to overseas competitors to which it did not apply. When Trump took power, the lobbyists got their way. 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.

One Shell Square in New Orleans will become Hancock Whitney Center in 2018

One Shell Square, the 51-story building that occupies an entire block of New Orleans’ Central Business District, has carried the name of the oil company since it first welcomed workers in 1972. That will change next year when Hancock-Whitney moves out of its regional headquarters and rebrands the building.

Some 400 bank employees will move from a 106-year-old building just down St. Charles Avenue to seven floors in the tallest building in Louisiana (697 feet), which will then be called the Hancock Whitney Center. The space became available this year after Shell decided to consolidate some of its office space in the tower, which has housed various segments of its business for nearly five decades. 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.

Brazil’s Cosan sees better ethanol returns as prices improve

AUGUST 10, 2017 / 5:02 PM

By Marcelo Teixeira

SAO PAULO, Aug 10 (Reuters) – Cosan SA Indústria e Comércio expects ethanol sales to yield better returns than sugar across some Brazilian states, a factor that may prompt one of the country’s largest energy and infrastructure companies to fine-tune its current output mix.

Raízen Energia, a 50-50 joint venture between Cosan and Royal Dutch Shell Plc that is the world’s No. 1 sugar producer, could adjust the amount of sugar and ethanol it produces if price conditions for the biofuel improves, Cosan’s investor relations head Paula Kovarsky said on a conference call on Thursday.

Raízen earmarked 57 percent of cane to sugar production in the second quarter, higher than the 55 percent it did a year ago. Simultaneously, Raízen has reduced sugar hedging on an annual basis on hopes of a mid-term recovery in international prices, she added. 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.