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Posts from ‘February, 2010’

Shell and BP face onslaught from tar sands campaigners

Lobbyists bid to turn RBS, BP and Shell annual meetings into green referendums

Shell IBM collaboration doomed to fail

Posting on Shell Blog on Feb 27th, 2010 at 10:19 am by “guest1”, a regular contributor.

What a load of nonsense in the Forbes article. Shell and IBM to team up etc. We HAD all the expertise but that was removed by the HR and FN idiots that run Shell now. What does IBM know about oil and gasfields? This surely looks like another project, doomed to fail, whereby IBM is going to suck a lot of money out of Shell. Presumably Brinded bought a lot of stock in IBM. RDS appears more and more like an overweight blob, unable to move, being sucked out by the service industry and governments and waiting to die. The sooner someone takes over RDS, splits it up and gets on with the business, the better. The fact they accept all the abuse by the Donovans and are unable and unwilling to defend themselves speaks volumes. If RDS cannot even handle two old codgers with a website, how will they handle real competition???? read more

Shell, IBM to find ways to extend oil field life

Associated Press, 02.26.10, 12:52 PM EST

HOUSTON — Royal Dutch Shell PLC and IBM Corp. are teaming up to research how to extend the life of oil and natural gas fields.

IBM‘s analytic and simulation experience will be melded with Shell’s subsurface and reservoir expertise to create a more efficient and accurate picture of how to tap the reserves, the companies said.

The two companies will reformulate and automate the task of reconciling different sets of data, including flow rates and pressure, time-lapse seismic data from subsurface rock formations and sound wave data from between wells. read more

Oil giants hit by concerns over tar sands

Tar sands are shaping up to be the thorn in BP (BP-) and Shell's (RDSB) sides as concerns over potential expense prove almost as rife as worries over the environmental impact.

Iraq talks with Shell prolonged, continue-official

Reuters UK

BAGHDAD, Feb 26 (Reuters) – Talks between Iraq and Royal Dutch Shell (RDSa.L) on a natural gas deal near the southern oil hub of Basra are taking longer than expected but still ongoing, a senior Iraqi oil official said on Friday.

“The heads of agreement will be extended and the project will be presented to the next government,” the official told Reuters on condition of anonymity.

The Iraqi government has been working to finalize the joint venture between its South Gas Company, Shell and Mitsubishi (8058.T). The deal would capture huge amounts of gas for domestic use or export, which is currently wasted by being flared at the oil fields. read more

Nigeria: Shell’s Opposition to PIB Selfish, FG Insists

Adeola Yusuf: 25 February 2010

Lagos — Federal Government came down hard on Royal Dutch Shell on Wednesday over its opposition to the Petroleum Industry Bill (PIB), insisting that the oil major was wrong in its assessment that the bill would block investment.

Ann Pickard, outgoing Regional Executive Vice President, Shell Exploration and Production, Africa, had on Tuesday described the PIB as “a cumbersome document that lacks insight into the very basics of our industry.”

While forecasting a bleak future for the oil and gas industry post-PIB, Pickard, during a public lecture, also criticised the fiscal provisions of the proposed law which she described as the “harshest in the world”. read more

Shell oil sands costs rise again


Shell oil sands costs rise again, partner says

* Athabasca oil sands expansion’s costs rise to $14.3 bln

CALGARY, Alberta, Feb 25 (Reuters) – The cost of a 100,000-barrel-per-day expansion of Royal Dutch Shell Plc’s (RDSa.L) Athabasca oil sands project has climbed to $14.3 billion, Chevron Corp (CVX.N), one of its partners, said in a filing.

The new estimate amounts to $600 million more than the estimate provided by Chevron a year earlier.

Chevron, which hold a 20 percent stake in the oil sands mining and upgrading project, said the expansion will boost output to 255,000 barrels per day.

The cost of completing the project has steadily climbed well beyond Shell 2006 estimate of between C$10 billion and C$12.8 billion ($9.4 billion to $12 billion). Just a year ago, Chevron pegged the cost of the project at $13.7 billion. read more

Shell Ethics Chief involved in bending the truth

We should not give the impression that we are over-concerned with the D’s website, or that management spends a lot of time worrying about it. (Shell)

By John Donovan

I am still studying the Shell internal documents and communications the company was recently obliged to supply to me in accordance with an application under the Data Protection Act.

It is interesting to note the way events in our unusual relationship with Shell have been spun by Shell lawyers, depending on who is being given the information.

Richard Wiseman (right) is now the Chief Ethics & Compliance Officer of Royal Dutch Shell Plc. We crossed swords with him many times during the seven separate court actions we brought against the oil giant, which settled ALL of these claims, involving breach of confidence, breach of contract and libel.
read more

Nigeria rejects criticism of new oil policy

Financial Times

By Tom Burgis in Abuja

Published: February 24 2010 16:13 | Last updated: February 24 2010 16:13

Nigeria on Wednesday hit back at claims by Royal Dutch Shell and other foreign groups that planned reforms threaten $50bn of investment and the country’s status as Africa’s biggest energy producer. read more

Shell’s operations in Angola are worthy of discussion…

Comments from our sources on recent statements about Shell’s operations in Angola made by it’s Executive VP for sub-Saharan Africa, Ann Pickard (Right).

Shell’s exit from Angola was not a success story and it throws a slightly different light on Ann Pickard’s remarks in Nigeria.

Her comment about Angola’s production exceeding that of Nigeria sounds like an attack on Bichsel et al who pulled Shell out of Angola a few years ago. It is Brinded and (especially) Bichsel who threw the Angola opportunity away. read more

Norway Downgrades Reserves At Shell Ormen Lange Gas Field 25%

LONDON (Dow Jones)--The Norwegian Petroleum Directorate downgraded total reserves at Royal Dutch Shell PLC's (RDSA) Ormen Lange gas field by around a quarter Wednesday.

Shell abandons HQ to decade of development

Times Online

The company has agreed terms for a ten-year lease with Canary Wharf on 200,000 sq ft of Docklands offices

February 24, 2010

A view of the London Eye, located along the Thames River at County Hall, is seen across from the Shell Oil Centre building.

Carl Mortished, World Business Editor

Staff at Royal Dutch Shell will be moved next year from the Shell Centre at Waterloo to Canary Wharf as part of a huge redevelopment of the oil company’s historic London headquarters.

The company has agreed terms for a ten-year lease with Canary Wharf on 200,000 sq ft of Docklands offices at 40 Bank Street, a building close to the tower at One Canada Square. read more

Shell abandons Colorado water rights bid, placing regional oil shale development on hold

DENVER (AP) — Shell Oil Co. said Tuesday it is abandoning its quest for water rights from a northwest Colorado river to develop oil shale production, citing delays in the project due to the global economic downturn.

Shell to withdraw Yampa River water rights application for oil shale development

As a result of Shell’s actions, Colorado residents can breathe a little easier and the Yampa River lives to flow another year. ”

Nigeria: Acting president promises oil overhaul

ABUJA, Nigeria -- Nigeria's acting president on Monday called for the passage of a bill that analysts say would sharply reduce the profits of foreign oil companies.Acting President Goodluck Jonathan said the Petroleum Industry Bill before lawmakers would allow more oil money to return to Nigeria's people. The bill would also require the government-run Nigerian National Petroleum Corp., to seek profits like a private business and not rely on government subsidies.

Nigeria oil reform would worsen bad situation -Shell

ABUJA, Feb 23 (Reuters) - Nigeria's proposed oil industry reforms could drive away $50 billion in investment if passed in their current form and make a bad situation for the sector even worse, Royal Dutch Shell (RDSa.L) said on Tuesday.

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