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Shell News Tuesday 28 March 2017

Summary

  • The myth of a secure price range for OPEC in its battle against shale.
  • Why OPEC has painted itself into a corner, forcing it to extend lower output.
  • What’s far more important than OPEC and others’ cuts.
  • Cuts or not – low-cost shale producers like Shell will produce at a profit.

FULL ARTICLE

Shell News Stories Monday 27 March 2017

‘Biggest Oil Discovery In UK Waters This Century’: ClimateChangeDispatch

Hurricane Energy has made a further oil discovery west of the Shetland Islands days after Royal Dutch Shell and BP won exploration licences in an area the UK is counting on to breathe new life into its struggling oil and gas industry.

Shell and Anadarko mull clean break from Permian venture -executive: Reuters

LONDON/HOUSTON, March 27 (Reuters) – Royal Dutch Shell Plc and Anadarko Petroleum Corp may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive.

Why Are Shell And Toyota Backing Hydrogen Fuel Cell Vehicles?: OilPrice.com

Royal Dutch Shell sees that facing a lower-carbon transport future will need a “mosaic of fuels and engines,” but the energy conglomerate is leaning toward hydrogen as the alternative fuel of choice.

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Shell’s Nigerian Quagmire

Bearing in mind the avalanche of recent news stories about Shell’s Nigerian problems, it is interesting to reflect on the content of a 93-page report by WAC Global Services commissioned by Shell over a decade ago. I can only assume that no one at Shell bothered to pay attention to the warnings in the report arising from its evil activities feeding corruption, violence and pollution.

Some extracts

(Please note SCIN = SHELL COMPANIES IN NIGERIA)

From page 8

It is easy to conclude that any type of company or trade bringing resources to the Niger Delta will be confronted with the same problem. While this view is valid, it is also true that the manner in which the SCIN operates and it staff behaves creates, feeds into, or exacerbates conflict. After over 50 years in Nigeria, it is therefore reasonable to say that SCIN has become an integral part of the Niger Delta conflict system.

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Shell News Saturday 25 March 2017

EXTRACT: A whistleblower has accused oil giant Shell of concealing data on the health effects of two major oil spills on communities in Nigeria. In a letter seen by the Independent, Kay Holtzmann, a former employee at the company, said data gathered in the Bodo community which was devastated by two huge oil spills in 2008 and 2009, showed levels of pollution were “astonishingly high”. He also accused the company of refusing to make the findings public. Mr Holtzmann was the former director in charge of Shell’s project to clean up oil spills…

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More Shell News Friday 24 March 2017

Geologist for Shell says company hid Nigeria spill dangers: Associated Press

Royal Dutch Shell’s Nigeria subsidiary “fiercely opposed” environmental testing and is concealing data showing thousands of Nigerians are exposed to health hazards from a stalled cleanup of the worst oil spills in the West African nation’s history, according to a German geologist contracted by the Dutch-British multinational.

Shell says to start cleaning up 2008 Nigeria oil spills in April: Seeking Alpha

The head of a group helping organize Royal Dutch Shell’s (RDS.A, RDS.B) clean-up of 2008 oil spills at a Nigerian Delta community says he hopes work can begin next monthShell agreed in 2015 on a £55M ($68.6M) settlement with the Bodo community after accepting liability for two pipeline leaks…

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Shell News Stories Friday 24 March 2017

Shell sells onshore Gabon oil assets to Carlyle for $587 mln: Reuters/Daily Mail

EXTRACT: For Shell, the deal marks a further step in a $30 billion asset disposal programme to help cut debt after its $54 billion acquisition of BG Group last year. The Anglo-Dutch oil company has sold assets for more than $15 billion since 2016.

WSJ: Shell report cites “astonishingly high” pollution from Nigerian oil spills: Seeking Alpha

EXTRACT: Royal Dutch Shell (RDS.A, RDS.B) oil spills that have not been cleaned up for more than eight years have contributed to “astonishingly high” levels of pollution in a Nigerian community, WSJ reports, citing a consultant who helped produce a confidential damage assessment for the company and its partners. The former director of the cleanup project says Shell has denied him permission to publish the study’s results, which dictated a need for health screenings in the Bodo community.

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Benzene exposure risks and the Norwegian Oil and Gas Industry

By Bill Campbell, retired Shell International HSE Group Auditor

Benzene exposure risks and the Norwegian Oil and Gas Industry

Just some related background that may be of interest in the debate about this subject re health and safety at the Nyhamma gas plant et al.

The Petroleum Safety Authority in Norway were concerned enough about health aspects of benzene exposure that it held a meeting of experts on the subject in 2015 including representatives of the industry*, Norske Shell does not appear to be on the participants list!

Suffice to say PSA had a general concern that much more needed to be done re the prevention of exposure to Benzene in the industry and they would be including this concern looking for improvements in their future audits and inspections.

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Current Shell News Stories 23 March 2017

A/S Norske Shell Secret Meeting With Whistleblower 

On Friday 27 January 2017, a meeting took place at the Radisson Blu Hotel at Oslo Airport. It was attended by two senior Shell directors, Tor Arnesen and Odin Estensen, respectively the Managing Director and Chairman of N/S Norske Shell. They met with former Shell employee/whistleblower Runar Kjørsvik, together with Hilde Marit Rysst and Roy Erling Furre, both representing the SAFE Union. 

The purpose of the meeting was to find a solution to the various issues raised by Mr Kjørsvik and SAFE, including the surveillance/monitoring of Shell employees at the Nyhamna gas plant and their health and safety.

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Shell’s tacit acknowledgement of a ‘culture of fear’

By a Regular Browser

Well it is refreshing that there is tacit acknowledgement of the ‘culture of fear’ not just in Norway but more broadly in the company. Although Shell does indeed welcome ‘alternative viewpoints’ to do so is a career ending decision. This is supported by numerous Shell People Surveys over many years where this has been raised as an issue time and again. Management ‘listen’ but the status quo remains. Like all large corporations Shell is not interested in anything which disrupts the existing power structures and fiefdoms – though there are some places where the culture is a little more open. Those who do choose to speak out either get sanctioned via their IPS or CEP and are marginalised, while the sycophants and nepotists rise to the top to ingrain the culture. This has been particularly apparent since the merger with BG and the message is Shell folk should be grateful that they have a job and should put up and shut up. Rocking the boat on HSE, the pay freeze, filling of jobs with unqualified graduates or brown losers etc. Management have succeeded over a number of years in taking a once great company and turning it into a mediocre shadow of its former self characterised by mismanagement and poor strategic choices. This is a great shame as there are a lot of dedicated and talented employees across the company, though they do not stand a chance in a culture that does not reward competence but sycophancy.

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Shell Upstream Director Admits Culture of Fear Among Shell Employees

By John Donovan

Shell Upstream director Rich Denny has tacitly acknowledged a culture of fear among Shell employees at the Nyhamna gas plant in Norway. He claims that although it is not the dominant culture, he cannot dismiss that some Shell employees apparently do feel afraid to speak up.

The admissions were contained in another message from Rich Denny published on the Shell web which is Shell’s response to the report commissioned and published by the SAFE Union. The comments from Mr Denny can only be construed as a comprehensive attack on the integrity, content and findings of the SAFE report.

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OPL 245: A falling out of thieves

The unbecoming squabbling between the crooks involved in the OPL 245 corruption scandal has taken a new turn.

Malabu Oil and Gas has filed a lawsuit in the Nigerian Federal High Court against the Nigerian Federal Government and six other parties involved in the $1bn plus scandal. 

The new action arises from the Nigerian court decision a few days ago to pass ownership of the OPL 245 block back to Shell and Eni/Agip. 

The defendants include: 

  • Shell Nigeria Ultra Deep Limited
  • Shell Nigeria Exploration and Production Company Limited
  • Nigerian Agip Exploration Company Limited
  • Nigerian Economic and Financial Crimes Commission (EFCC)
  • Former Petroleum Minister, Dan Etete
  • The Nigerian Minster of Petroleum

I have not indicated which parties are honest and which are crooks. It is impractical to do so because, in matters involving Nigeria, it is sometimes difficult to separate one from the other, bearing in mind that three Nigerian Presidents have all been implicated in the amazing unsavoury spectacle. The judiciary is also riddled with corruption.

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