Royal Dutch Shell Plc CEO Statement

Royal Dutch Shell Plc CEO Statement

Apr 30th, 2015 

by John Donovan. 

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FAT CAT PAY

STATEMENT BY ROYAL DUTCH SHELL PLC CEO, BEN VAN BEURDEN: 30 April 2015

“Our results reflect the strength of our integrated business activities, against a backdrop of lower oil prices. Meanwhile, in what is clearly a difficult industry environment, we continue to take steps to further improve competitive performance by redoubling our efforts to drive a sharper focus on the bottom line in Shell.

Part of this sharper focus is the sale of non-strategic assets. Asset sales total over $2 billion so far this year, as we successfully reduced our onshore footprint in Nigeria.

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Posted in: Ben van Beurden, BG Group, Gas, LNG, Nigeria, Oil, Oil Company Profits, Oil Prices, Royal Dutch Shell Plc.
Tagged: Ben van Beurden · BG Group · Gas · LNG · Nigeria · Oil · Oil Prices · Royal Dutch Shell Plc

The TRUTH will set you FREE.

Shell Posts Rise in Profit Despite Sharp Revenue Decline

Shell Posts Rise in Profit Despite Sharp Revenue Decline

Apr 30th, 2015

by John Donovan. 

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The Wall Street Journal: Shell Posts Rise in Profit Despite Sharp Revenue Decline

Fall in revenue indicates impact of low oil prices

By IAN WALKER and SARAH KENT

April 30, 2015

LONDON— Royal Dutch Shell PLC on Thursday reported a 7% rise in first-quarter profit from a year earlier but also posted a steep fall in revenue, giving investors a glimpse of the impact weak oil prices are having on the business.

Write to Ian Walker at ian.walker@wsj.com and Sarah Kent atsarah.kent@wsj.com

SOURCE

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

The TRUTH will set you FREE.

Can Shell Afford To Drill In The Arctic?

Can Shell Afford To Drill In The Arctic?

Apr 29th, 2015 

by John Donovan. 

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By Charles Kennedy: Wed, 29 April 2015

How can Shell possibly finance the purchase of BG?

Royal Dutch Shell is set to report its first quarter earnings, and by all accounts, it will be a doozy. Analysts predict a 60 percent decline in earnings from a year earlier, including a massive 7 percent fall in production.

But the price tag for BG will be $70 billion, a colossal sum in a period of low oil prices. Shell has already said that it would undertake a major divestment campaign to rid itself of assets it does not see as integral to its future. Purchasing BG is a sign that Shell sees itself as a company that will be increasingly a producer of LNG and offshore oil.

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Posted in: Africa, Alaska, Arctic, Australia, BG Group, BP, Chukchi Sea, Environment,Gas, Litigation, Royal Dutch Shell Plc, United States.
Tagged: Alaska · Arctic Ocean · BP · Chukchi Sea · Litigation · Royal Dutch Shell Plc

The TRUTH will set you FREE.

Shell Accused Of Misleading Its Shareholders About The Risks Of Arctic Drilling

Shell Accused Of Misleading Its Shareholders About The Risks Of Arctic Drilling

Apr 29th, 2015 

by John Donovan. 

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BY ELISE SHULMAN — GUEST CONTRIBUTOR POSTED 29 APRIL 2015 on thinkprogress.org

Shell Accused Of Misleading Its Shareholders About The Risks Of Arctic Drilling

If Royal Dutch Shell’s Arctic drilling program leads to a major spill, it could cost the oil company — and therefore its shareholders — an entire year’s worth of profit, according to a Tuesday legal filing by the conservation group Oceana and a University of Chicago law clinic.

But the company’s investors are not aware of that risk, the two groups alleged. Because of that, the groups filed a petition to the Securities and Exchange Commission, requesting that the agency launch a formal investigation into Shell’s risk disclosures to shareholders relating to its activities in the Arctic Ocean.

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Posted in: Alaska, Arctic, Beaufort Sea, BP, Chukchi Sea, Environment, Gulf of Mexico,Oil, Oil Spill, Reuters, Royal Dutch Shell Plc, Shell, United States.
Tagged: Alaska · Arctic Ocean · Beaufort Sea · BP · Chukchi Sea · Litigation · Oil · Royal Dutch Shell Plc

The TRUTH will set you FREE.

Mayo men sue gardaí over alleged brutality at Shell to Sea protest

Mayo men sue gardaí over alleged brutality at Shell to Sea protest

Apr 29th, 2015 

by John Donovan. 

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Article from BreakingNews.ie published Wed 29 April 2015

Mayo men sue Irish Cops over alleged brutality atShell to Sea protest *(were the cops tipsy?)

Three Mayo men are suing for damages over alleged garda brutality at a Shell to Sea protest eight years ago.

Patrick Coyle, and brothers Patrick and Martin O’Donnell, claim they were assaulted at Bellanaboy bridge on January 19, 2007.

It is the men’s case that gardaí displayed brutality and indiscipline during a protest outside the Shell oil refinery at Bellanaboy.

They claim Patrick Coyle was punched in the face and struck on the back of the head while trying to stop another demonstrator being pulled from the line of protesters by gardaí.

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Posted in: Bribery, Business Principles, Corrib Gas Project, Corruption, Environment,Garda, Gas, Ireland, Irish Times, Litigation, OSSL, Royal Dutch Shell Plc, Shell, Shell to Sea Campaign.
Tagged: Corrib Gas Project · Gas · Ireland · Litigation · Royal Dutch Shell Plc · Shell

The TRUTH will set you FREE.