Royal Dutch Shell Awards Enterprise Framework Agreement to Tyco

- Royal Dutch Shell Awards Enterprise Framework Agreement to Tyco



Aug 31, 2011

Tyco International's (NYSE:TYC) flow control unit has been selected by Shell (NYSE:RDS-A) to provide butterfly valves to Shell globally.

The five-year Enterprise Framework Agreement covers more than 2,500 of Tyco's Vanessa, Winn, NeoTecha, Sapag brand butterfly valves, for use in projects, maintenance repair operations and turnaround applications.

David Dunbar, president of Tyco Valves & Controls, a unit of Tyco Flow Control said, "We appreciate the confidence Shell has shown in Tyco Flow Control with this EFA. As Shell grows, Tyco can scale with the company, bringing technology, leadership and service wherever they are needed."

Tyco International (NYSE:TYC) has a potential upside of 25.3% based on a current price of $41.9 and an average consensus analyst price target of $52.5.

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Royal Dutch Shell Trying to Stop Oil Leak in North Sea

- Royal Dutch Shell Trying to Stop Oil Leak in North Sea



Aug 18, 2011

Royal Dutch Shell (NYSE:RDS.A) is trying to stop an oil spill leak in the North Sea.

In the first phase of the operation to shut down the leak, engineers have lowered five giant concrete "blankets" on to a stretch of pipeline to place it back on the seabed after it lifted 4 feet off the sea floor.

Work is ongoing to lay concrete blankets to secure the pipeline, Shell spokesman Steve Harris said.

"First, we have to make a risk assessment ... to make sure that we can find a safe way to shut it off. We expect the result of the risk assessment very quickly and then divers will go down 300 feet (90 meters) and turn off the remaining amount of oil that is leaking into the sea."

Nearly 1,300 barrels of oil has leaked from its Gannet Alpha platform since August 12.

Royal Dutch Shell (NYSE:RDS.A) has a potential upside of 32.6% based on a current price of $63.21 and an average consensus analyst price target of $83.83.

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56,600 Gallons of Oil Spilled in North Sea

- 56,600 Gallons of Oil Spilled in North Sea



Aug 15, 2011

Royal Dutch Shell (NYSE:RDS.A) estimated Monday that 54,600 gallons of oil have spilled into the North Sea from an oil rig off eastern coast of Scotland.

The Gannet Alpha oil rig, located 112 miles east of the city of Aberdeen, is operated by shell and Eddo, a subsidiary of Exxon Mobil (NYSE:XOM).

According to the technical director of Shell's European exploration and production activities, "We care about the environment and we regret that the spill happened."

It was not clear when the leak began last week. Shell announced it Friday and said it was under control on Saturday.

Exxon Mobil (NYSE:XOM) has a potential upside of 25.7% based on a current price of $73.9 and an average consensus analyst price target of $92.88.

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Royal Bank of Scotland Threatened by Anonymous Hacker Group

-  Royal Bank of Scotland Threatened by Anonymous Hacker Group



Jul 14, 2011

Royal Bank of Scotland (NYSE:RBS) has been threatened with cyber-attacks by the Anonymous hacker collective for lending financial support to oil projects in Canada, accruing to a report in the Independent this morning. Oil giants Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) are also said to be on the "hit list" of companies to be targeted by Anonymous.

Royal Bank of Scotland is currently below its 50-day moving average (MA) of $13.04 and below its 200-day MA of $13.60. In the last five trading sessions, the 50-day MA has fallen 1.13% while the 200-day MA has slid 0.43%.

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Royal Dutch Shell issued deepwater drilling permit by BOEMRE

Royal Dutch Shell issued deepwater drilling permit by BOEMRE



The Bureau of Ocean Energy Management, Regulation and Enforcement, or BOEMRE, approved a deepwater drilling permit for a new well that was described in Shell Offshore’s recently approved Exploration Plan. In order to receive the permit approval, Shell complied with new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill, BOEMRE said. The approved permit is a permit to drill a new well for Shell’s Well #DC001 in Garden Banks Block 427 in 2,721 ft. water depth, approximately 137 miles off the Louisiana coastline, south of Lafayette.