Coast Guard creates ‘First Amendment zone’ in Puget Sound for anti-Shell protests

Coast Guard creates ‘First Amendment zone’ in Puget Sound for anti-Shell protests

Apr 14th, 2015 

by John Donovan. 

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Article by Joel Connelly published 14 April 2015 by seattlepi.com

Coast Guard creates ‘First Amendment zone’ in Puget Sound for anti-Shell protests

The U.S. Coast Guard, with help from activist groups, has identified an informal  “First Amendment Zone,” just north of Terminal 5, where protesters can take to the water against Shell Oil’s Arctic drilling fleet when it arrives at the Port of Seattle.

“I didn’t choose this area:  I gave them a chart and asked them where they wanted to be,” Capt. Joe Raymond, captain of the port, said Tuesday.

Raymond initiated a meeting on Monday with organizers of a “sea of kayaks” protest. He described the zone as “an excellent place” for protesters wishing a high-visibility presence while not interfering with ferries, tugs and other marine traffic in the harbor.

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Posted in: Alaska, Arctic, Beaufort Sea, Chukchi Sea, Environment, Greenpeace,Litigation, Oil, Oil Spill, Pollution, Royal Dutch Shell Plc, Shell, United States.
Tagged: Alaska · Arctic Ocean · Beaufort Sea · Chukchi Sea · Royal Dutch Shell Plc ·Shell

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Chevron A Safer Bet Than Shell

Chevron A Safer Bet Than Shell

Apr 14th, 2015 

by John Donovan. 

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SeekingAlpha.com article published 13 April 2015

Chevron A Safer Bet Than Shell

Shell has lost a huge amount of money in its shale bets in North America to the tune of $900 million alone in 2014. As a result, Shell is cutting spending by 20% to lower its North American shale exposure to try and keep losses at a minimum.

Summary

• Shell’s shale bets has been disastrous in North America. The company lost $900 million alone in 2014 and continues to hemorrhage profits.
• Shell’s refining operations need to be restructured, as its current operations will likely affect profitability negatively over the next few years.
• Chevron has a lower debt-to-equity ratio than Shell. If oil drops to $30 a barrel, Chevron has more resources to keep rewarding shareholders vs. Shell.

Income investors are attracted to Royal Dutch Shell (NYSE:RDS.A) because of the very attractive yield of 6%+. Nevertheless, as income investors we need to do more fundamental work on our underlyings instead of just looking at dividend payouts. In my opinion, Shell’s yield is not backed up by the fundamentals presently. We don’t necessarily need huge capital gains in our underlyings (as we manage an income portfolio), but protecting the downside is always our priority.

Let’s take a look at Shell and I’ll explain why, in my opinion, there are better opportunities in the energy space — such as Chevron (NYSE:CVX) — at the moment, irrespective of the high yield Shell is currently paying out. To start, we have to look at Shell’s track record. Why? Because the company is promising a $15 billion all cash dividend in addition to the repurchase of $25 billion of stock between 2017 and 2020.

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Posted in: Chevron, Oil, Oil Prices, Royal Dutch Shell Plc, Shale Gas, Shale Oil, Shell,United States.
Tagged: Chevron · Oil · Oil Prices · Royal Dutch Shell Plc

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Dutch Court Limits Loppersum Gas Output in Groningen Region

Dutch Court Limits Loppersum Gas Output in Groningen Region

Apr 14th, 2015 

by John Donovan. 

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Article by Isis AlmeidaElco and Van Groningen published 14 April 2015 by Bloomberg.com

Dutch court limits fracking on earthquake fears

A Dutch court suspended gas production from the Loppersum area of the Groningen natural gas field, Europe’s biggest, as earthquakes linked to production damaged homes.

Loppersum, which pumps less than 10 percent of the field’s output, may produce “small volumes of gas” only if “extraction from other locations is no longer possible and if necessary for the security of supply,” the Administrative Jurisdiction Division of the Council of State in The Hague said Tuesday on its website. Dutch and U.K. gas prices reversed earlier gains.

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Posted in: Bloomberg, Environment, Exxon Mobil, Gas, Groningen Earthquakes,Litigation, Royal Dutch Shell Plc.
Tagged: ExxonMobil · Gas · Royal Dutch Shell Plc

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Nigeria: Govt Receives $48 billion From Shell in Four Years

Nigeria: Govt Receives $48 billion From Shell in Four Years

Apr 14th, 2015 

by John Donovan. 

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Nigeria: Govt Receives N9.6 Trillion From Shell in Four Years

By Roseline Okere: 14 April 2015

The Shell Petroleum Development Company of Nigeria Limited (SPDC) paid $48 billion (N9.6 trillion) revenues to the Nigerian government from 2010 to 2014.

Also, the company paid $3 billion (N600 billion) share of royalties and taxes to the Nigerian government in 2014, with $1.8 billion from SPDC and $1.2 billion from Shell Nigeria Exploration and Production Company SNEPCo in the year under review.

Shell, which made this disclosure in its 2014 sustainability report released at the weekend, stated that 95 per cent share of revenue after cost went to the Nigerian government from each barrel of oil that SPDC produces.

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Posted in: Africa, Nigeria, Oil.
Tagged: Nigeria · Oil · Royal Dutch Shell Plc

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Shell Wins Lawsuit Against Greenpeace

Shell Wins Lawsuit Against Greenpeace

Apr 14th, 2015

by John Donovan. 

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Royal Dutch Shell Wins Lawsuit Against Greenpeace

Royal Dutch Shell was granted a restraining order against six Greenpeace activists who boarded the company’s vessel last week

By: MICHEAL KAUFMAN: Published: Apr 14, 2015 at 11:22 am EST

A group of Greenpeace protesters have left the vessel carrying Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) oil rig, six days after they illegally climbed it to register their protest against offshore drilling in Arctic, the environmental group said in a statement on Saturday.

The decision to abandon the vessel was prompted by rough weather conditions, claims Greenpeace. The call was made only hours before a US District Court judge ruled in favor of Shell, when the company filed a legal complaint against the activists. A temporary restraining order has been granted for Greenpeace protesters to keep away from Shell’s drilling rigs and the vessel. They had climbed the vessel on April 6, when it was around 750 miles off the coast of Hawaii.

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Posted in: Alaska, Arctic, Beaufort Sea, Bidness Etc, Chukchi Sea, Environment,Greenpeace, Litigation, Oil, Oil Spill, Pollution, Royal Dutch Shell Plc, United States.
Tagged: Alaska · Arctic Ocean · Beaufort Sea · Chukchi Sea · Oil · Royal Dutch Shell Plc

The TRUTH will set you FREE.