Why Shell Announced Force Majeure On Nigerian Bonny Crude Export

Why Shell Announced Force Majeure On Nigerian Bonny Crude Export

Aug 28th, 2015

by John Donovan. 

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By: MICHEAL KAUFMAN: Aug 28, 2015

On Thursday, August 27, Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) Nigerian unit closed down its two crude pipeline and declared “force majeure” on export of Bonny Light crude, as reported by Reuters.

The Hague-based company closed the Trans Niger Pipeline at Oloma because of a leakage in the pipeline. The company closed down its Nembe Creek Trunkline to stop theft and vandalism of crude oil in the vicinity. Furthermore, the company is working on the maintenance of the pipeline. However, it did not state any timeline for restarting its operation.

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Posted in: Africa, Alaska, Arctic, Bidness Etc, Chukchi Sea, Climate Change,Environment, Greenpeace, Gulf of Alaska, Nigeria, Oil Spill, Royal Dutch Shell Plc,Shell, United States.
Tagged: Alaska · Arctic Ocean · Chukchi Sea · Niger Delta · Nigeria · Oil · Royal Dutch Shell Plc

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GREENPEACE: SHELL IS ‘BANANAS’ IN NEW ARCTIC DRILLING PROTEST

GREENPEACE: SHELL IS ‘BANANAS’ IN NEW ARCTIC DRILLING PROTEST

Aug 28th, 2015

by John Donovan. 

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“Shell goes bananas” – Greenpeace protest against oil drilling in the Arctic (Picture: Screenshot/Facebook/Greenpeace Nederland)

Posted on Aug 28, 2015 by Janene Van Jaarsveldt

Environmental activists Greenpeace placed a giant banana peel on the roof oil company Shell’s office in Amsterdam on Friday morning. This giant banana peel is another protest against the company’s oil drilling in the Arctic. “Shell is going bananas and the world needs to know.”

“North Pole oil is a risk we can not accept. Yet Shell is rushing like a madman on oil stocks on the edge of the retreating arctic ice. With a 75% chance of an oil spill. Today campaigners are putting the spotlight on this madness”, the environmental activists write on their website.

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

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OSSL Whistleblower Email Sent to Irish Police, Irish Times and Shell on 28 August 2015

OSSL Whistleblower Email Sent to Irish Police, Irish Times and Shell on 28 August 2015

Aug 28th, 2015

by John Donovan. 

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From: THE OSSL COMPANY <osslbangor@hotmail.com>

Date: 28 August 2015 08:10:45 BST

To: Pearse_Street_DS <pearse_street_ds@garda.ie>,ronan.deasy@shell.com, newsdesk@irishtimes.com, Commissioner <Commissioner@garda.ie>, “<john.egan@shell.com>” <john.egan@shell.com>, Michiel Brandjes <michiel.brandjes@shell.com>, paul.goodfellow@shell.com

Subject: Corrib CEO ..a Shell man …the day the nightmare began …top cop Gannon.

The Shell CEO appointed to Corrib, accompanied by his Local liaison officer unannounced arrived in the premises of OSSL.

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Posted in: Business Principles, Corporate Governance, Corrib Gas Project, Corruption,Garda, GoogleNews, Ireland, Irish Times, OSSL, Royal Dutch Shell Plc, Shell.
Tagged: Corrib Gas Project · Gas · Ireland · Royal Dutch Shell Plc

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Addressing The Royal Dutch Shell Dividend Concerns

Addressing The Royal Dutch Shell Dividend Concerns

Aug 28th, 2015

by John Donovan. 

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Christopher F. Davis: Aug. 27, 2015

Summary

• Shares of oil majors have been crushed and Shell is no exception.
• Concerns over the dividend are being raised.
• I discuss the possibility of a dividend cut and what I see as likely happening.

Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) has been crushed in the last three months, and of course, over the last year since oil began its selloff. At the time of this writing oil is rebounding back above $40, but I wanted to address something very important about the stock. Its dividend. I recommended it in several articles, and explained the differences between the two types of shares. Through dividend compounding, this stock belongs in your portfolio, particularly a tax advantaged retirement account. But there has been whispers of fear that because of the oil slump, profits will be decimated and as such the dividends are in jeopardy. While the threat to profits is real, the concerns over the dividend are far overblown. I strongly believe that the dividend is more than safe. And at a 7.6% yield, you should be buying hand over fist at these levels and lower.

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Posted in: Ben van Beurden, Oil Company Profits, Oil Prices, Royal Dutch Shell Plc.
Tagged: Ben van Beurden · Oil Prices · Royal Dutch Shell Plc

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High winds cause flooding in Barrow, prompts Shell to pause oil drilling

High winds cause flooding in Barrow, prompts Shell to pause oil drilling

Aug 28th, 2015

by John Donovan. 

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Yereth Rosen and Alex DeMarban: 27 August 2015

Huge, wind-whipped waves crashed onto the shore at Barrow on Thursday, forcing the closure of a nearby road, the National Weather Service reported. Westerly winds were gusting up to 50 miles an hour, pushing waves up to the top of the beach and causing some erosion, the National Weather Service said.

A National Weather Service employee in Barrow captured still images and video of the high waves and flooding.

The service has issued a coastal flood warning for Barrow until Friday morning, along with a high surf advisory for the western part of the North Slope and a gale warning for much of the Beaufort and Chukchi Seas. Seas up to 14 feet were forecast for Thursday in the Chukchi.

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Posted in: Alaska, Arctic, Chukchi Sea, Climate Change, Environment, Oil Spill,Pollution, Royal Dutch Shell Plc, United States.
Tagged: Alaska · Alaska Dispatch · Arctic Ocean · Chukchi Sea · Environment · Oil ·Royal Dutch Shell Plc

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I do not expect to see monopoly restrain itself.

Robert Reich via Facebook.com

15 hrs · 

Quote of the day:

"I do not expect to see monopoly restrain itself. It there are men in this country big enough to own the government of the United States, they are going to own it."

-- Woodrow Wilson, "The New Freedom" (1913)

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HOWARD_28AUG15_20th TIME_U.S. EQUIVALENCE BS MANAGEMENT ENGINEERING EDUCATIONAL POINT ASSESSMENT

SUBMITTED CREDENTIALS

(Duplicate copy from my file)

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