Selection of recent articles about Royal Dutch Shell Plc
*SHELL MANAGEMENT FROM PAST AND PRESENT
ROYAL DUTCH SHELL PROFITS WARNING DEBACLE: 17 Jan 2014
*Shell management top row Sir Henri Deterding, Simon Henry and Peter Rees QC. Lower row Ben van Beurden, Hans Bouman and Sir Phil Watts in his spacesuit. Mr Bouman, known for being rather outspoken, may well complain about his proximity to Watts, who was forced to resign in disgrace from Shell before turning to religion and becoming a priest.
Prepare for a Slimmer Royal Dutch Shell
Extracts from an article by Bob Ciura published by The Motley Fool on 26 Feb 2014
Shell shears its downstream business: Shell plans $15 billion worth of asset sales by the end of 2015. If it isn’t careful, its massive divestments may endanger future growth. Since the start of 2014, Royal Dutch Shell has announced a series of divestments focused in its downstream business. While Royal Dutch Shell embracing financial discipline is admirable, selling off billions in assets will likely come at a cost to future growth. Last year was an extremely difficult one for the integrated majors, but Shell seems to be the only one panicking.
Shell to drill for oil offshore Namibia
Extract from article by BusinessDay published 26 Feb 2014
Royal Dutch Shell is to drill offshore Namibia, a growing area of interest for oil and gas explorers. Shell has taken over exploration blocks 2913A and 2914B in the Orange Basin from Signet Petroleum, with the Anglo-Dutch group acquiring a 90 percent stake in the two blocks and Namibian national oil company Namcor keeping its 10 percent carried interest.
Good News for the Arctic
Extract from article by Ted Danson and Andrew Sharpless published by Huffington Post.com 26 Feb 2014
On January 30, Shell’s new CEO, Ben van Beurden,announced that the company will not pursue exploration drilling in the Arctic Ocean in 2014. He also revealed Shell’s poor fourth-quarter earnings, attributable in part to offshore exploration expenditures, like those previously made in the Arctic. We applaud the court’s ruling and Shell’s newfound, if forced, caution. Alaska has already seen more than its fair share of oil disasters, and drilling in the Arctic will inevitably bring another spill.
The TRUTH will set you FREE.
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