Sanctions do not exclude investment opportunities in Russia – Shell

Sanctions do not exclude investment opportunities in Russia – Shell

Oct 6th, 2015 

by John Donovan. 

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Neil Hall / Reuters: 6 Oct 2015

Royal Dutch Shell’s business ties remain strong in Russia and there’s no lack of investment opportunities in the country despite sanctions, said Shell CEO Ben Van Beurden.

“Our interests in Russia stay significant… Sanctions do not mean absence of investment opportunities. We have a very effective and strategic cooperation with Gazprom in different areas… This is still in power. I want to stress that sanctions don’t mean lack of investment opportunities,” he told the Oil & Money conference on Tuesday.

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Posted in: Ben van Beurden, Business Principles, Gas, Gazprom, Oil, President Putin,Royal Dutch Shell Plc, Shell.
Tagged: Ben van Beurden · Gazprom · Royal Dutch Shell Plc · Russia · Shell

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Wishful Thinking

Wishful Thinking

Oct 6th, 2015 

by John Donovan. 

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Christopher Adams, Anjli Raval and David Sheppard: Oct 6, 2015

Royal Dutch Shell on Tuesday warned of the risk of a “spike” in oil prices should Opec keep pumping flat out in the face of an expected decline in output after spending cuts by energy groups outside the producers’ cartel.

Ben van Beurden, Shell’s chief executive, said…

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

The TRUTH will set you FREE.

Shell CEO Doing All to Safeguard Dividends Amid Low Oil Prices

Shell CEO Doing All to Safeguard Dividends Amid Low Oil Prices

Oct 6th, 2015 

by John Donovan. 

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by  Bloomberg: Rakteem Katakey: Tuesday, October 06, 2015

(Bloomberg) — Royal Dutch Shell Plc is “pulling out all the stops to safeguard” its dividend in a world where oil prices remain “lower for longer,” Chief Executive Officer Ben Van Beurden said. 

Europe’s biggest oil company is also protecting its plan to buy back shares, Van Beurden said in e-mailed comments before a speech at an industry conference in London on Tuesday. Shell is also keeping its “investment program steady for the future,” he said.

The halving of oil prices in the past year has forced Shell and its peers to cut costs, defer projects and hunker down for a prolonged period of low oil prices. Even with oil trading for about $50 a barrel, Shell’s Van Beurden and BP Plc boss Bob Dudley have made dividends their top priority. Shell has weathered market ups and downs for seven decades — including oil at less than $10 in the 1980s and 1990s — without cutting dividends.

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

The TRUTH will set you FREE.

Shell CEO sees first signs of oil price recovery

Shell CEO sees first signs of oil price recovery

Oct 6th, 2015 

by John Donovan. 

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Business News | Tue Oct 6, 2015

Oil markets are beginning to recover but the scale of global oversupply means prices may rise only slowly, the chief executive of Royal Dutch Shell Plc (RDSa.L) said on Tuesday.

“I see the first mixed signs for recovery of oil prices,” Ben van Beurden told an oil industry conference in London.

“But with U.S. shale oil being more resilient than we originally thought and a lot of oil still in stock, it will take some more time to rebalance demand and supply,” he added.

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

The TRUTH will set you FREE.

Hillary Clinton Is Running to Bernie Sanders’s Left on This One Issue

Hillary Clinton Is Running to Bernie Sanders’s Left on This One Issue   Clinton just came out with a tough plan to tighten gun laws. Will Sanders stick to his guns—or try a new approach?   JOAN WALSH

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A TPP Deal Is Finally Reached, but Don’t Assume It Will Pass Congress   Election-year pressures and the deal’s actual details may yet scuttle final passage of TPP.   GEORGE ZORNICK

These Salvadoran Women Went to Prison for Suffering Miscarriages   In a country with strict anti-abortion laws, spontaneous pregnancy losses can mean decades behind bars.   MARGARET KNAPKE

When the Going Gets Tough for the Corporate Fat Cat   Invisible-hand-of-the-free-market man to the rescue!   TOM TOMORROW

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Humans of New York went to Europe to see the refugee crisis firsthand. The photos are striking.

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