Curious coincidence involving Shell, Iran, Noble Corp and $2.16 billion

Curious coincidence involving Shell, Iran, Noble Corp and $2.16 billion

Jun 25th, 2015

by John Donovan. 

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FROM A REGULAR CONTRIBUTOR

The former owners of the Frontier drilling company sold their rigs to Noble for $2.16 billion in 2010. Given that their fleet of five vessels consisted of ancient rust buckets which were fit only for the scrapyard, this has always seemed like an inordinately large sum. The five vessels had been acquired by Frontier for about $100 million. The only client of Frontier was Shell. See http://www.reuters.com/article/2010/06/28/us-noblecorp-idUSTRE65R2C520100628 . (See below)

Noble operated two rigs for Shell in Alaska (Discoverer and Kulluk) during the disastrous 2012 drilling campaign. In spite of their performance in 2012, Noble will once again be operating the Discoverer (now over 50 years old) during the upcoming drilling campaign. Discoverer is one of the rust buckets that Noble acquired from Frontier.  

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Posted in: Alaska, Arctic, Chukchi Sea, Environment, Iran, Oil, Royal Dutch Shell Plc,Shell, United States.
Tagged: Alaska · Arctic Ocean · BP · Chukchi Sea · Environment · Iran · Kulluk · Noble Discoverer · Royal Dutch Shell Plc · Shell

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Shell Executives Visit Tehran for Projects If Sanctions End

Shell Executives Visit Tehran for Projects If Sanctions End

Jun 25th, 2015 

by John Donovan. 

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by Javier Blas 24 June 2015

Royal Dutch Shell Plc executives have visited Tehran to discuss possible partnerships, the latest sign that the largest oil companies are serious about returning to Iran once a deal on the country’s nuclear program is done.

The meeting with Iranian officials covered its outstanding debt to National Iranian Oil Co. and possible areas of business cooperation, the company said in an e-mailed statement Wednesday. Shell owed $2.16 billion as of the end of 2014 for oil it wasn’t able to pay Iran for because of sanctions, according to its annual report.

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Posted in: Ben van Beurden, Bloomberg, Gas, Iran, Oil, Oil Prices, Reuters, Royal Dutch Shell Plc, Total.
Tagged: Ben van Beurden · Gas · Iran · Oil · Royal Dutch Shell Plc · Shell · Total

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Shell flotilla begins assembling in Dutch Harbor

Shell flotilla begins assembling in Dutch Harbor

Jun 25th, 2015

by John Donovan. 

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BY TIM BRADNER, ALASKA JOURNAL OF COMMERCE: 24 June 2015

“Once again, Shell is up to their old tricks, deliberately ignoring federal regulations. We urge President Obama to cancel Shell’s lease and prevent them from drilling in the Chukchi Sea,”

Dutch Harbor will be busy in the next couple of weeks as Shell’s Arctic drill fleet converges on the Aleutians port, prior to heading north for the Chukchi Sea.

Shell’s spill containment barge Arctic Challenger is already in Dutch Harbor, having arrived June 14, and the semi-submersible mobile drill rig Polar Pioneer is now en route from Seattle, Shell spokeswoman Meg Baldino said June 23.

A second drilling vessel, Noble Discoverer, is meanwhile still in port at Everett, Wash., making preparations to sail to Dutch Harbor.

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Posted in: Alaska, Arctic, Chukchi Sea, Climate Change, Environment, Greenpeace, Gulf of Alaska, John Donovan, Oil Spill, Pollution, President Obama, Royal Dutch Shell Plc,Shell, United States.
Tagged: Alaska · Alaska Journal · Arctic Ocean · Chukchi Sea · Environment · Oil · Royal Dutch Shell Plc · Shell

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BREAKING: Supreme Court Will Not Take Away Health Care From Millions Of Americans

BREAKING: Supreme Court Will Not Take Away Health Care From Millions Of Americans

BY TARA CULP-RESSLER POSTED ON JUNE 25, 2015 AT 10:09 AM

CREDIT: AP PHOTO/ANDREW HARNIK

The closely watched case represents the second time that the Affordable Care Act has withstood a major constitutional challenge. In 2012, the Roberts Court upheld the law’s individual mandate, which paved the way for Obamacare to be implemented on a state level.By a 6-3 ruling, the Supreme Court decided on Monday to avoid a major disruption to the insurance market by leaving in place the Affordable Care Act’s current tax subsidies. The decision preserves financial assistance for the Americans purchasing insurance plans through Obamacare’s federally-run marketplaces, effectively maintaining affordable access to health carefor millions of people whose coverage was thrown into question by the King v. Burwell case.

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Stop union busting - support the online campaign

The right join a trade union of your own choosing is a basic human right. It is enshrined in international law, in the eight core conventions adopted by the International Labour Organization. The World Bank recognizes this, and through the International Finance Corporation (IFC), provides financial support to private sector companies which have agreed to recognize this right.  The loans and support those companies receive is dependent upon their acceptance of workers' rights, including the right of workers to choose their own unions. So why is the IFC financially supporting a company like SFI in Malaysia, which refuses to allow workers to join the union they want? SFI is defying an order of the Malaysian Ministry of Human Resources and is in clear breach of the ILO conventions with its refusal to recognise the Sabah Timber Industry Employees Union (STIEU). Instead, the company is insisting it will only recognize an in-house union it controls. In India, the same company does recognize unions.  But not in Malaysia. We've been asked by the local union through its global union federation, Building and Wood Workers' International, to mobilize thousands of union members around the world to send messages of protest to the company. Please take a moment to send your message today: http://www.labourstart.org/go/sfi And then, please share this with your friends, family and fellow union members. Together, we can persuade SFI to do the right thing, and support our brothers and sisters in the forests of Malaysia. Thank you! Eric Lee

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Bernie Sanders: Unlike Hillary Clinton, ‘I’ve Taken On The Big Money Interests.’

Bernie Sanders: Unlike Hillary Clinton, ‘I’ve Taken On The Big Money Interests.’ On MSNBC, Democratic presidential candidate Bernie Sanders strongly contrasted his record with Hillary Clinton's by saying, "I have taken on every element of the big money interests in this country."      Read more » shared from

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