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July 31st, 2020:

Breakingviews – Weakened Shell offers dim hope for pre-virus glory

Breakingviews – Weakened Shell offers dim hope for pre-virus glory

LONDON (Reuters Breakingviews) – Oil majors may be past the worst of the coronavirus-induced crash, but the recovery is likely to be long and arduous. Royal Dutch Shell, Chief Executive Ben van Beurden on Thursday said the $122 billion company’s sales fell by nearly two-thirds in the second quarter, as crude prices collapsed during lockdowns. The pandemic will leave a legacy of rising debt, diminished investment and uncertain demand. Juicy investor payouts are the natural sacrifice. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Energy venture NAM says it does not want to use Groningen gas field in 2022

Energy venture NAM says it does not want to use Groningen gas field in 2022

AMSTERDAM, July 30 (Reuters) – NAM, a venture of Royal Dutch Shell and ExxonMobil that operates gas fields in the Netherlands, said on Thursday it did not want to use the Groningen gas field in 2022 and had asked the government to approve this.

The government, which has been ordering production cuts at the field due to seismic risks in the region, had asked NAM to keep the field available as a resource in 2022 in case of a cold snap, NAM said, adding that it was opposing this request. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

There’s a Wheeler-Dealer Inside Shell

By Chris Hughes: 30 JULY 2020: BLOOMBERG OPINION

The oil major has shown it can play the markets like a commodity trader. But investors can’t trust that bumper oil-trading profits are repeatable.

Sharp swings in the crude price have been an unmitigated pain for the oil industry, right? Not entirely. The silver lining has been a lucrative environment for the oil majors’ trading operations. This was on stark display in the second-quarter performance of Royal Dutch Shell Plc. But it creates a challenge for investors. How do you value this unpredictable and opaque source of income? read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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