Oil CEO Wages Immune to Price Slump as Shareholders Vote on Pay

Oil CEO Wages Immune to Price Slump as Shareholders Vote on Pay

Apr 15th, 2015

by John Donovan. 

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Article by Rakteem Katakey published 15 April 2015 by Bloomberg.com

Ben van Beurden, Chief Executive Officer of Royal Dutch Shell Plc, pauses as the company announce their fourth-quarter results in London on Jan. 29. Photographer: Chris Ratcliffe/Bloomberg

Oil’s plunge has forced the world’s biggest energy producers to lay off workers and stall projects. Their chief executive officers have so far proved immune.

Royal Dutch Shell Plc, Europe’s biggest oil company, paid CEO Ben Van Beurden a total of $32.2 million last year, almost three times the amount his predecessor Peter Voser earned in 2013, according to data compiled by Bloomberg Intelligence. At BP Plc, where shareholders will vote on compensation at the annual general meeting on Thursday, CEO Bob Dudley’s total pay rose 4.9 percent to $15.4 million.

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Posted in: Ben van Beurden, Bloomberg, BP, Exxon Mobil, Oil, Oil Company Profits, Oil Prices, Royal Dutch Shell Plc.
Tagged: BP · ExxonMobil · Rex Tillerson · Royal Dutch Shell Plc · Shell

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Exxon-Shell gas venture may have to adjust Groningen output after court ruling

Exxon-Shell gas venture may have to adjust Groningen output after court ruling

Apr 15th, 2015 

by John Donovan. 

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Exxon-Shell gas venture may have to adjust Groningen output after court ruling

AMSTERDAM: Wed Apr 15, 2015 6:09am EDT

(Reuters) – Gas production joint venture NAM is studying the impact of a court ruling that halted production at a small part of the massive Groningen gas field because of safety concerns, the Dutch government said on Wednesday.

In a letter to parliament, Economic Affairs Minister Henk Kamp said that NAM may have to adjust production in other areas to compensate for the lost production near the town of Loppersum.

NAM (Nederlandse Aardolie Maatschappij) is a joint venture between Royal Dutch Shell and Exxon Mobil.

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Posted in: Environment, Exxon Mobil, Gas, Groningen Earthquakes, NAM, Netherlands,Reuters, Royal Dutch Shell Plc.
Tagged: ExxonMobil · Gas

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Shell starts supplying natural gas to Ukraine

Shell starts supplying natural gas to Ukraine

Apr 15th, 2015 

by John Donovan. 

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Shell starts supplying natural gas to Ukraine

Ukraine will be receiving gas via Slovakia 

Royal Dutch Shell will start gas supplies to Ukraine via Slovakia in April 2015, according to Ukrainian media. 

The company plans to provide at least 120 to 130 million cubic meters this month at a cost of USD 253 per 1,000 cubic meters.

Ukraine is receiving gas from a number of European suppliers including Statoilgas (Norway), RWE Supply & Trading (Germany), GDF Suez, E.ON Global Commodities (Germany) and other traders.

As was reported earlier this week, Russia does not plan to extend its gas transit contract with Ukraine after the existing deal expires in 2019. Some 40 percent of Russian gas supplies to Europe go through Ukraine, while Moscow has been cutting on gas exports via the neighbouring country.

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Posted in: Gas, Royal Dutch Shell Plc, Russia, Shell, Ukraine.
Tagged: Gas · Royal Dutch Shell Plc · Russia

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En route to Seattle, controversial Arctic drill rig will stop in Port Angeles on Friday

En route to Seattle, controversial Arctic drill rig will stop in Port Angeles on Friday

Apr 15th, 2015 

by John Donovan. 

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Article by Chris McDaniel published 14 April2015 by Peninsula Daily News

En route to Seattle, controversial Arctic drill rig will stop in Port Angeles on Friday

PORT ANGELES — The Polar Pioneer — a huge semi-submersible offshore drilling rig that had been hounded of late in the Pacific by Greenpeace activists ­— is expected to arrive in Port Angeles Harbor on Friday.

The 400-foot-tall rig owned by Transocean Ltd., may remain in the harbor for at least two weeks while routine outfitting is conducted before it is towed to Seattle.

As of Tuesday, no protests had been organized by Greenpeace activists in or near Port Angeles, but that doesn’t mean they won’t happen.

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

The TRUTH will set you FREE.

SHELL TO ACQUIRE BG: IMPLICATIONS FOR THE NORTH SEA

SHELL TO ACQUIRE BG: IMPLICATIONS FOR THE NORTH SEA

Apr 15th, 2015 

by John Donovan. 

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14 April 2015

Shell announced an offer of a £47bn ($70bn) acquisition of BG in the second biggest oil and gas deal on record after Exxon and Mobil’s £51bn ($75.3bn) merger in 1998.  Shell and BG expect to make annual savings of £1.7bn ($2.5bn) and the combined company is estimated to be worth £180bn ($266bn). The transaction will create the largest independent LNG producer in the world forecast to produce nearly a fifth of global LNG supply in 2017-18. The other major prize for Shell is BG’s Brazilian oil portfolio of mean total reserves and resources amounting to 6 billion boe and gross production expected to peak at 2.6 million boepd.

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Posted in: Africa, Australia, Ben van Beurden, BG Group, Brazil, Gas, LNG, Oil, Oil Prices, Royal Dutch Shell Plc.
Tagged: Ben van Beurden · BG Group · Brazil · Hannon Westwood · Royal Dutch Shell Plc

The TRUTH will set you FREE.

YOU'RE A HUMAN BEING AND WORTH MORE THAN A MEAL FROM A DUMPSTER

A restaurant owner left the most heartwarming note for the person who was digging through her trash. 

Curator: Eric March  

I really hope the person comes back.  

Ashley Jiron owns a restaurant in Oklahoma. One day she noticed something odd.

From Katie DeLong, FOX 6 NOW:

“Last week, I had noticed some bags, when I had taken out the trash, were torn open and some of the food was taken out," Ashley Jiron, owner of P.B. Jams, said. “That really, it hurt me that someone had to do that."

She could have done what so many do when they come face to face with someone who is desperate — ignore it, decide it isn't her problem, and move on.
But instead, she posted this sign on the door of her restaurant.

It's easy to forget that more than 600,000 Americans won't have a home tonight. It's maybe even easier to forget that there are over 17 million families in the U.S. who don't have enough to eat or worry about where their next meal is coming from. When politicians talk about cutting government spending, food stamps is often the first thing on their lips.

Too often, we look away from people who are experiencing great pain or need. Too often, we think they somehow deserve it. Too often we can't put ourselves in their shoes.

And that's why these four small words she included in her note...

"You're a human being."

...mean absolutely everything.

“I think we've all been in that position where we needed someone's help and we just needed someone to extend that hand. And if I can be that one person to extend that hand to another human being, then I will definitely do it," Jiron said.

Yes indeed.

SHARED FROM 

Hey, what are you doing this afternoon? Say, around 4 p.m. Eastern time? Because we have something really cool going on that you might be interested in! We're covering the Fight for 15 rallies and marches on Twitter! Minimum-wage workers all across the United States (and the world) are protesting for a raise — and we want you to be there with us, watching the action as it happens live on Twitter. Learn more about the protests and what's going on here: http://u.pw/1H3xeUX See you then! A restaurant owner left the most heartwarming note for the person who was digging through her trash. When a man asks people to translate a hate message he's received, their response is unforgettable. Hear rock star Henry Rollins' earnest appeal to the poorest youth of the United States of America.

The TRUTH will set you FREE.