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Posts on ‘March 31st, 2010’

ConocoPhillips, Shell to expand Alaska drilling

REUTERS * Exploration can proceed after U.S. drilling expansion * Shell’s Odum says company can begin exploring in 2010 * Shell spent $2.1 billion for Chukchi Sea leases in 2008 * ConocoPhillips spent $506 million on leases By Kristen Hays HOUSTON, March 31 (Reuters) – Oil companies with their sights on drilling for oil off [...]

Shell employees on go-slow over market exit report

Motorists queue at Shell station to get petrol. Photo/CHRIS OJOW By ZEDDY SAMBU Posted Thursday, April 1 2010 at 00:00 Kenya Shell employees on Thursday started a two-day go slow, protesting against lack of formal communication on reports that the firm was leaving the Kenyan market. The employees, who donned black and red outfits, prompted [...]

$3.3 million penalty imposed on Shell for Clean Air Act violations

Los Angeles Times: Shell refineries reach Clean Air Act settlements By Associated Press March 31, 2010 | 12:02 p.m ST. ROSE, La. (AP) — Two Shell chemical companies have agreed to install $6 million in pollution reduction equipment at two petroleum refineries in Louisiana and Alabama and upgrade a terminal in Puerto Rico as part [...]

Shell starts up its new Perdido Gulf of Mexico oil and gas platform

REUTERS HOUSTON, March 31 (Reuters) – Royal Dutch Shell (RDSa.L) on Wednesday started up its new Perdido oil and gas platform in the Gulf of Mexico, the world’s deepest offshore drilling and production facility. Royal Dutch Shell (RDSa.L) Perdido, 100,000 barrels of oil per day, 200 million cubic feet per day of gas, the first [...]

Shell still hopes to drill this year

AlaskaDispatch Rena Delbridge Mar 31, 2010 Royal Dutch Shell, which has spent several billion dollars trying to advance its offshore oil program off Alaska’s northern coast, heralded a decision by President Obama to allow exploration and drilling to continue. The decision takes Bristol Bay leases off the table and may not lead to additional Arctic [...]

Shell To Pay $9.5 Million In Settling Clean Air Act Allegations

DOW JONES NEWSWIRES Royal Dutch Shell PLC (RDSA, RDSA.LN) has agreed to pay $3.5 million in penalties and spend an estimated $6 million to install pollution-reduction equipments at three U.S. refineries to reduce harmful air emissions. The equipment is intended to cut output of sulfur dioxide and nitrogen oxides by more than 1,450 tons a [...]

Shell, Total Chase ‘Impossible’ Sales in Race to Curb Refining

By Brian Swint and Brett Foley March 31 (Bloomberg) — Oil companies may struggle to unload their excess refining capacity in Europe this year as profits from turning crude into fuel stay depressed. Total SA, Royal Dutch Shell Plc and Chevron Corp. are seeking to sell refineries in Europe after the recession reduced demand. Eni [...]