Latest on Foreign Oil: Royal Dutch Shell plc (ADR) (RDS.A)’s Issues, TOTAL S.A. (ADR) (TOT)’s Net Yield, Petroleo Brasileiro Petrobras SA (ADR) (PBR) & NSA

Editor’s Note: Royal Dutch Shell plc (ADR) (NYSE:RDS.A), TOTAL S.A. (ADR) (NYSE:TOT), Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), FMC Technologies, Inc. (NYSE:FTI)

Brazil’s Petrobras Insists Computer Network Safe Against Spying (Wall Street Journal)
Brazilian state-run oil company Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) said late Monday that its computer networks are safeguarded against spying, amid reports the company was an alleged target of the U.S. National Security Agency. Petrobras utilizes “highly qualified systems that are continuously updated to protect its internal computer network,” the company said in a statement. Late Sunday, the Globo television program Fantastico showed what it said were NSA slides that were part of a secret training demonstration on how to hack private computer networks. The slides used Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), Google Inc. and the Society for Worldwide Interbank Financial Telecommunication, also known as Swift. The report cited documents revealed by former NSA contractor Edward Snowden.

Total SA (ADR) (NYSE:TOT)

Total Still Has A 4.75% Net Yield After Its 18% Jump (Seeking Alpha)
TOTAL S.A. (ADR) (NYSE:TOT) enjoyed a good summer as its ADR share price increased from $47 to in excess of $57/share in less than three months on the back of higher oil prices and concerns about an upcoming war in the middle east with Syria as a starting point. Because Total’s run was caused by an increased oil price (see next image for a chart of the evolution of the Brent crude), I don’t think TOTAL S.A. (ADR) (NYSE:TOT) is now valued too expensively. As you can see, the oil price increased from approximately $100/barrel in June to in excess of $116/barrel as of Friday.

Royal Dutch Shell plc (ADR) (RDS.A)’s Triple Threat: Spills, Emissions, and Death (Insider Monkey)
Royal Dutch Shell plc (ADR) (NYSE:RDS.A) continues to make the tabloids. This time, a concoction of issues from different geographies threatens the company’s present image and future performance: settlement in Nigeria, an economic sanction in the US, and the death of a worker in Ireland. The first two issues will be mediated by the court shortly, most likely ending in an economic settlement. But, the death of the worker remains a mystery and the first measure taken in relation to the incident is the suspension of work on the gas project. However, I suspect that consequences will be of greater impact in the long-term.

FMC Technologies awarded contract for Petrobras offshore oil fields (PennEnergy)
FMC Technologies, Inc. (NYSE:FTI) announced today that it has signed an agreement with Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), Brazil’s national oil company, for the supply of subsea manifolds for its pre-salt fields, located offshore Brazil. The total scope of supply includes the delivery of up to 16 subsea manifolds and would result in approximately $650 million in revenue to FMC Technologies if all of the subsea equipment included in the agreement is ordered.

Royal Dutch Shell plc Second Quarter 2013 Euro and GBP Equivalent Dividend Payments (PR Newswire)
The Board of Royal Dutch Shell plc (ADR) (NYSE:RDS.A) today announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2013 interim dividend, which was announced on August 1, 2013 at US$0.45 per A ordinary share (“A Share”) and B ordinary share (“B Share”). Dividends on A Shares will be paid, by default, in euro at the rate of €0.3406 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by September 2, 2013 will be entitled to a dividend of 28.67p per A Share.

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