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Friday, June 5, 2015

Saudi Arabia Lets The World Drown In Oil

Saudi Arabia Lets The World Drown In Oil

Jun 5th, 2015 
by John Donovan. 
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Screen Shot 2015-05-26 at 22.46.33
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Article by Nathan Vardi: Forbes Staff: Friday 5 June 2015
To the surprise of nobody, Saudi Arabia and the other OPEC member states decided in Vienna on Friday to maintain production targets of 30 million barrels a day, making sure the world remains flooded with oil. The fact that OPEC—particularly the core countries of Saudi Arabia, Kuwait and the United Arab Emirates—have refused to play their traditional stabilizing role and cut oil production makes it less likely that oil prices will rebound to the $115 a barrel level that was reached about one year ago.
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Posted in: BP, Chevron, Conoco Phillips, Exxon Mobil, Forbes, Fracking, Gas, Oil, Oil Prices, OPEC, Royal Dutch Shell Plc, Saudi Aramco, Shale Gas, Shale Oil, Shell, United States.
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Groningen Gas Production Cut Due to Earthquakes

Groningen Gas Production Cut Due to Earthquakes

Jun 5th, 2015 
by John Donovan. 
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Screen Shot 2015-06-05 at 20.56.40

Screen Shot 2015-06-05 at 21.03.05Article by Isis Almeida published 5 June 2015 by Bloomberg.com

A proposed reduction in natural gas output at Groningen in the Netherlands, Europe’s biggest field, will probably be limited by the nation’s ability to convert imported fuel into the right quality for domestic use, GasTerra BV said.
Groningen production needs to be about 33 billion cubic meters a year during a cold winter, given the nation’s ability to transform imported high-calorific gas into low-calorific fuel used by Dutch households, according to Chief Executive Officer Gertjan Lankhorst. The company is the sole marketer of the field’s output.
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Posted in: Bloomberg, Business Principles, Environment, Exxon Mobil, Gas, Groningen Earthquakes, NAM, Netherlands, Royal Dutch Shell Plc.
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NAM Shell/Exxon JV cease oil production at Schoonebeek field

NAM Shell/Exxon JV cease oil production at Schoonebeek field

Jun 5th, 2015 
by John Donovan. 
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Screen Shot 2015-04-21 at 20.52.22Schoonebeek – The Dutch Petroleum Company (NAM) – a Shell/Exxon joint venture – announced today that oil production on the fields near Schoonebeek have been shut down due to pipeline damage.
The pipeline that transports dirty production water (for injection in empty gas-fields in Twente) has been corroded in many places and is leaking.
The salty water is released during the extraction of oil and is drained via the pipeline to the Twente. 
The pipe has diameter of 50 cm at a depth of 1.70 meters and has been in operation since 2011. 
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Posted in: Environment, Gas, NAM, Netherlands, Oil, Royal Dutch Shell Plc.
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BG deal disguises a hole in Shell’s financial projections

BG deal disguises a hole in Shell’s financial projections

Jun 5th, 2015 
by John Donovan. 
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Screen Shot 2015-06-05 at 13.43.41
Screen Shot 2015-06-05 at 13.44.27

Screen Shot 2015-06-05 at 13.56.07The market is having one of its periodic anxiety attacks about Big Oil. 

BG deal disguises a hole in Shell’s financial projections and the dividend is not sustainable.

Shell shares have slumped by 14%.

Screen Shot 2015-06-05 at 13.46.27sort of yield may not come again.

FULL FT ARTICLE:  5 June 2015 (WITH WORKING LINKS)
Posted in: Ben van Beurden, BG Group, BP, Chevron, Conoco Phillips, Exxon Mobil, Oil,Oil Prices, Royal Dutch Shell Plc.
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Shell IT Centre Bengaluru

Shell IT Centre Bengaluru

Jun 5th, 2015 
by John Donovan. 
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Article by  BusinessInsider.in published 5 June 2015 under the headline:

Coming up! The Shell IT Centre Bengaluru

Screen Shot 2015-06-05 at 12.12.08
Global energy giant Shell has chosen Bengaluru for setting up its largest captive unit or global offshore delivery centre. The unit would provide more than 5,000 jobs in the Silicon Valley.
As per an Economic Times report, the new in-house global information technology centre, The Shell IT Centre Bengaluru, would be used to provide IT services to Shell’s businesses including upstream oil and gas production, marketing and other projects.
“The company has a large IT set-up in Malaysia, US and UK and will be moving all its global IT jobs to Bengaluru,” said two people in direct knowledge of the development.
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Posted in: India, Royal Dutch Shell Plc.
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Will China’s Ministry Of Commerce Block Shell-BG Deal?

Will China’s Ministry Of Commerce Block Shell-BG Deal?

Jun 5th, 2015 
by John Donovan. 
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Screen Shot 2015-05-19 at 09.03.12
Screen Shot 2015-05-06 at 08.45.14
Jun. 4, 2015 3:15 PM ET

Will China’s Ministry Of Commerce Block Shell-BG Deal?

Summary
  • Shell-BG deal is likely to face most scrutiny in China.
  • MOFCOM is likely to approve the merger with conditions.
  • These conditions could involve both structural and behavioral remedies.
Ever since Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B)announced to acquire BG Group’s (OTCPK:BRGXF) natural gas assets and deep-water oil fields in a $70 billion deal, there have been concerns that the deal may be delayed, if not blocked, due to prolonged scrutiny from regulators around the world. While the deal could face potential hurdles in EU, Australia, China, and Brazil, I think it is unlikely to be blocked by any country. However, I think China is likely to raise majority of the concerns and therefore, I’m going to focus on China in this article.
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Posted in: Ben van Beurden, BG Group, Bidness Etc, China, Gas, LNG, Royal Dutch Shell Plc, Shell.
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SHELL CIRCUMVENTED RA 7641

SYNDICATED ESTAFA


MY QUEST FOR SWINDLED 

RETIREMENT PAY BY SHELL



SWINDLING ITO, SYNDICATED ESTAFA


HOT PURSUIT
DUTY OF LAW ENFORCEMENT ENTITIES


SHELL SWINDLING OF RETIREMENT PAY 5TH YEAR

1001counts
SEE BELOW FOR THE 1001ST   TIME THE REITERATION OF DEMAND PAYMENT OF RETIREMENT PAY WHICH SHELL REFUSED TO HONOR IN THE PRESENCE AND DEEMED APPROVAL OF THE HONORABLE MAGISTRATES OF THE SUPREME COURT OF THE PHILIPPINES

GEUS_15MAR16_66th FOLLOW UP_REITERATION

OF DEMAND  PAYMENT OF RETIREMENT PAY
Dishonest scales are an abomination to the Lord, but a just weight is His delight... Proverbs Chapter 11  v. 1
Retirement Pay Law circumvented by Shell subject to penal provision provided for by Article 288 of the Labor Code of the Philippines.





CONTENTS

.ENTERTAINMENT (4) 10 CCR § 2695.5 (1) 18DEC15 (112) 1A_MEDIA (8) 2014 CHRISTMAS MESSAGE (1) 2015 Miss Universe (1) 2016 SONA (1) 2020 EXCLUSION (1) 4TH OF JULY (1) abante clipping (1) ABOLITION OF THE COURT OF APPEALS (1) ABRAHAM LINCOLN (1) ABS-CBN (5) ABS-CBN NEWS (6) ABSOLUTE PARDON (1) ABU SAYAFF GROUP (2) ABUSE OF JURISDICTION (1) ACADEMIC FREEDOM (1) ACCRA (19) ACE VEDA (2) ACKNOWLEDGMENT OF EMAIL RECEIPT (2) aclu (3) AIRPORT HACKS (1) AIRWAVES (1) AIZA SEGUERRA (1) ALAN PETER CAYETANO (4) ALBAYALDE (8) ALBERTO ROMULO (1) ALDEN AND MAINE (1) Alfred Clayton (55) ALLEGATIONS OF MISCONDUCT (4) ALTERNET (6) ALVAREZ (1) ALVIN CUDIA (2) ALYAS BIKOY (1) AMADO VALDEZ (1) ANARCHY (1) ANDRES BONIFACIO (2) ANGEL LAZARO (1) ANGELO REYES (1) ANNEX 5 (5) ANNUAL REMINDERS (1) ANTHONY TABERNA . GERRY BAJA (2) ANTI GRAFT AND CORRUPT PRACTICES ACT (2) ANTI-TERRORISM ACT OF 2020 (1) ANTONIO (26) AQUACULTURE (1) AQUASCAPING (1) ARNOLD GONZALEZ (1) Arnold Schwarzenegger (5) ARTBOARD (15) ARTEMIO PANGANIBAN (1) atty dodo dulay (3) ATTY THEODORE TE (2) ATTY. AILEEN LOURDES LIZADA (3) ATTY. 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