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Posts from ‘July, 2012’

Shell lorry carrying tunnel-boring equipment blocking Co Mayo crossroads

Updated: 18:40, Tuesday, 31 July 2012 A truck carrying specialist tunnel-boring equipment the Shell refinery project at Bellanaboy is blocking the the Glenamoy crossroads in Co Mayo. A truck carrying specialist tunnel-boring equipment the Shell refinery project at Bellanaboy is blocking the the Glenamoy crossroads in Co Mayo. The truck got into difficulty while navigating […]

Alaska election: Shell dives into state politics and ‘super PACs’ emerge

Amanda Coyne | Jul 31, 2012 As Royal Dutch Shell prepares to explore for offshore oil in Alaska’s Arctic, the company is also waging an effort against a ballot initiative that supporters say would restore the voice of Alaskans in federal coastal decisions. Shell has contributed $150,000 to the Vote No on 2 campaign, which […]

Shell Oil scales back Arctic drilling plan, now looking at 2 wells for 2012

By Associated Press, Updated: Tuesday, July 31, 9:55 PM ANCHORAGE, Alaska — Shell Oil Co. is downsizing its plan for off-shore drilling in the Arctic this year amid delays completing a spill containment barge required by the federal government, a spokesman said Tuesday. Shell now hopes to complete two wells in 2012 instead of five. One would […]

Residents were right about Shell noise levels

Áine Ryan THE Department of Environment has confirmed that high-pitch noises emanating from works on the controversial Corrib Gas project in north-west Mayo exceeded permitted levels. Over the June Bank holiday weekend, some residents were forced to leave the area due to the noise, which was described at the time as ‘unbearable’ by septuagenarian Ena […]

Ogoni Autonomy Gets D-Day

General Assembly sets 2nd August 2012 for Ogoni Political Autonomy The date to decide the destiny of Ogoni people in southern Nigeria is set to be on the 2nd of August, 2012. It means Ogonis will observe every 2nd of August each year as a day of internal independence in Nigeria. This will be the […]

A Big Chill for Shell’s Arctic Drilling Plans

A series of mishaps is putting billions of spending in jeopardy Jul 31, 2012, 9:12 am EDT  |  By Aaron Levitt, InvestorPlace Contributor With energy demand not abating anytime soon, energy companies have gone looking far and wide (and deep) for new oil and gas reserves to meet that demand. Perhaps the most ambitious — and costly […]

Activists fire volley at Shell over coral in Arctic

By Jennifer A. Dlouhy: Published 09:56 p.m., Monday, July 30, 2012 WASHINGTON – Environmental activists are keeping the pressure on Shell Oil Co. as it inches closer to launching exploratory drilling in Arctic waters north of Alaska. Greenpeace activists and marine biologists conducting research in the area documented thick accumulations of soft coral in the Chukchi […]

Showa Shell continuing to import Iranian crude

TOKYO, July 31 | Tue Jul 31, 2012 4:01pm IST Japan’s Showa Shell cuts Iran oil imports from last year (Reuters) – Japanese refiner Showa Shell Sekiyu KK has been importing less Iranian crude oil than last year’s average of 100,000 barrels per day (bpd), in line with U.S. sanctions against the Islamic nation, a […]

Shell machine stuck at crossroads

YOUTUBE VIDEO AINE RYAN: Tuesday, July 31, 2012 A large tunnel boring machine brought in by Shell to dig a 4.9km tunnel under Sruwaddacon Bay inland to the Bellanaboy gas processing terminal is stuck at a crossroads in Co Mayo as it is too large to navigate the narrow roads. Thee specialist tunnelling equipment was […]

Shell demonstration of capping stack successfully completed in Gulf of Mexico.

By Zarina de Ruiter: Published on Tuesday, 31 July 2012 09:34 Royal Dutch Shell plc (NYSE:RDS.A), Marine Well Containment Company (MWCC) and the Bureau of Safety and Environmental Enforcement (BSEE) have announced the successful demonstration of the industry’s ability to respond to a deepwater well control incident in the U.S. Gulf of Mexico. John Hollowell, […]

Shell to Sea protest: Scuffles at Corrib gas project as tunneling equipment arrives

CLICK ON BBC NEWS PHOTO TO ENLARGE By Sarah Stack Tuesday July 31 2012 THERE was a tense stand-off between protesters and gardai today as a machine to tunnel under a picturesque bay was brought in by contractors for Shell. Scuffles broke out as a huge Garda convoy escorted specialist tunnelling equipment as it travelled […]

Delays In Bellingham Curtail Arctic Oil Drilling

By John Ryan Shell Oil is scaling back its plans for drilling in the Arctic Ocean this year. Icy conditions in the far North and construction problems in Bellingham have delayed the company’s efforts. KUOW’s John Ryan reports from Seattle. Royal Dutch Shell CEO Peter Voser announced on Thursday that Shell only expects to drill […]

Shell Oil puts Arctic wildlife at risk

By DAVID YARNOLD: Monday 30 July 2012 If you thought the pictures of scum-covered Brown Pelicans in the Gulf of Mexico were heartbreaking, just wait for the first drilling disaster in Alaska’s frozen arctic waters and coastline. We know so little about this deep freeze of an environment that America’s best scientists and experts say […]

Canada’s Oil, the World’s Carbon

A version of this editorial appeared in print on July 30, 2012, on page A18 of the New York edition Last month, the State Department formally invited public comment on the issues it should consider in a new environmental assessment of the Keystone XL, a 1,200-mile pipeline that would connect the Alberta oil sands to […]

Shell plans to invest over $500 million on China shale, tight gas play in 2012

Singapore (Platts)–30 Jul 2012/237 am EDT/637 GMT Shell plans to invest over $500 million this year drilling in shale gas and tight gas acreage in China, its chief financial officer Simon Henry said in an analyst call during its second quarter results announcement Thursday. “There are several plays in our portfolio with PetroChina. We have […]

Shell wants to invest more in China downstream gas

July 30, 2012, 6:39 a.m. EDT By Wayne Ma –Shell hopes to invest in China gas, both upstream and downstream –Shell, Qatar, CNPC Taizhou refinery approval process is advancing –Foreign companies may work with private China firms in second shale round BEIJING–Royal Dutch Shell PLC RDS.B +0.82% hopes to boost investment not only upstream but […]

Post-mortem on Shell Noble Discoverer “grounding”

COMMENT FROM A REGULAR CONTRIBUTOR John, I would like to point out that while at high tide the Shell/Noble Discoverer drill ship that slipped it anchor may indeed not have run aground  per se,(or grounded in a very muddy bottom preventing any damage) the photos show that at low tide the ship may have indeed […]

Shell eyes Russian opportunities as profits hit by energy prices

Royal Dutch Shell said it was eyeing opportunities to expand in a new “more open” Russia, as it unveiled a 25pc slump in profits, hit by lower energy prices. By Emily Gosden, Energy reporter 7:00PM BST 26 Jul 2012 Royal Dutch Shell is eyeing opportunities to expand in a new “more open” Russia, its chief […]

Exxon and Shell considering opportunistic bids for BP

By John Donovan In an articled published today by The Sunday Times (Page 8 of Business Section), Danny Fortson has revealed that according to senior bankers, Exxon Mobil and Shell are both considering opportunistic bids for BP.  The two thirds of a page article is published under the headline “Is the sun setting on BP?” […]

Peter Voser, another Shell CEO tainted by scandal

FROM A SHELL INSIDER Hello John No doubt you are already aware, but in these Olympic times with your queen jumping out of a helicopter, one never knows. You are aware of the growing Libor scandal. I just read that other banks also were involved such as RBS and the Swiss UBS. Now, who was […]

Shell’s woes mount as it admits cost overruns and delays

FROM OUR JULY 2005 SHELL NEWS ARCHIVES… THE TIMES: Shell’s woes mount as it admits cost overruns and delays “FURTHER delays and soaring expenditure in big energy projects emerged at Royal Dutch Shell yesterday when the company admitted that the start-up of Bonga, a giant offshore Nigerian oilfield, had been pushed back until late this […]

The Guardian: Shell meets its match in the Rossport Five

FROM OUR JULY 2005 SHELL NEWS ARCHIVE… The Guardian: Shell meets its match in the Rossport Five “Suddenly, the issue became one of the biggest news stories of the year and, as the Irish Examiner called it, “a major public relations disaster for the Shell corporation”: “The “Rossport Five” were jailed at the specific request […]

Bloomberg: Shell Pays $150 Million to End Probe; Output May Fall

FROM OUR JULY 2004 SHELL NEWS ARCHIVE Bloomberg: Shell Pays $150 Million to End Probe; Output May Fall “Shell Chairman Jeroen van der Veer, 56, in a conference call from London said the settlement is a hopeful step in ending the reserves debacle that led to the ouster of three senior executives, the loss of […]

Lifting the Anchor on Change

Posted: 07/27/2012 There are certain iconic moments that prove to be turning points in history, where the momentum swings towards change. These are marked by symbolic events that crystalize public opinion, influence investor sentiment or lead to political upheavals. The financial crisis in 2007-08 that ushered in policy change to limit investment risk, the Arab […]

Shell suffers political and economic upheavals

Shell suffers political and economic upheavals By MARTIN FLANAGAN Published on Friday 27 July 2012 00:00 OIL prices will continue to fall in the second half of this year due to the macro-economic downturn and “unprecedented” geopolitical events, Shell’s boss Peter Voser forecast yesterday. It came as the British-Dutch oil major revealed that underlying profits […]

Greenpeace finds deep-sea corals on Shell’s Arctic drill site

By Juliet Eilperin, Published: July 27 Greenpeace scientists have identified a dense patch of deep-sea corals in a lease area of the Arctic’s Chukchi Sea off Alaska’s northwest coast, where Royal Dutch Shell is slated to start drilling.Researchers for the advocacy group, which have been lobbying to block drilling in the Arctic this summer, went down […]

Shell sees opportunity in Russia

Published: July 27, 2012 at 7:47 AM THE HAGUE, Netherlands, July 27 (UPI) — Energy company Shell declared it was open to investing in the Russian liquefied natural gas and oil sector. Royal Dutch Shell Chief Executive Officer Peter Voser said following the announcement of second-quarter earnings that Shell had a successful partnership already with […]

Shell flags gas project delays because of cost pressures

Matt Chambers From: The Australian July 28, 2012 12:00AM read more

Shell chief is the man with a plan

By Geoff Foster: PUBLISHED: 21:54, 27 July 2012 You would like to think that Royal Dutch Shell’s chief executive Peter Voser had a  ‘Plan B’ when he surprised everyone in the City by walking away from a £641m cash bid for Cove, allowing Thailand’s PTT Exploration to win the day. Of course he did. Speculation […]

Will Shell voluntarily waive the $75 million cap on damages in the event of a catastrophic spill in the Arctic Ocean?

BP voluntarily waived the $75 million cap on damages after Deepwater Horizon spill. Will Shell voluntarily wave the $75 million cap on damages in the event of a catastrophic spill in the Arctic Ocean? By a Guest Author, a Regular Contributor The Oil Pollution Act of 1990 limits oil company liability for damages resulting from […]

As the Arctic Opens for Oil, the Coast Guard Scrambles

By Carol Wolf and Kasia Klimasinska on July 26, 2012 Royal Dutch Shell (RDS/A) has spent $4.5 billion since 2005 preparing to explore for oil off Alaska’s north coast in the Arctic. Shell, which may begin drilling next month, is one of at least six companies planning to extract oil, gas, and minerals from the Arctic […]

Shell to scale back Arctic drilling plans

By Jennifer A. Dlouhy: Updated 07:33 p.m., Thursday, July 26, 2012 Shell’s Chief Executive Officer Peter Voser addresses the audience during the opening ceremonies for Motiva’s Crude Expansion Project in Port Arthur on Thursday. Photo taken Thursday, May 31, 2012 Guiseppe Barranco/The Enterprise Photo: Guiseppe Barranco / The Beaumont Enterprise Shell is scaling back plans to […]

Royal Dutch Shell profits hit by oil price volatility

26 July 2012 Royal Dutch Shell has reported a 13% drop in second quarter profits, hit by weaker oil and North American gas prices. The fall in energy prices offset higher production as the company struggled to control costs. Europe’s biggest oil company said profits fell to $5.7bn (£3.7bn) in the April-June period compared to […]

For Exxon Mobil and Shell, Earnings Fall With Energy Prices

By CLIFFORD KRAUSS and STANLEY REED A version of this article appeared in print on July 27, 2012, on page B3 of the New York edition HOUSTON — Exxon Mobil and Royal Dutch Shell, the biggest oil companies in North America and Europe, reported disappointing earnings on Thursday, attributing the results largely to lower global […]

Romney Tax Plan: Many Happy Returns for Big Oil

By Daniel J. Weiss, Seth Hanlon | July 31, 2012 Republican presidential candidate Mitt Romney’s economic plan slashes corporate tax rates while failing to identify a single corporate tax loophole to eliminate. Highly profitable large oil companies that already enjoy lucrative tax breaks stand to receive some of the biggest benefits from Gov. Romney’s plan. […]

Shell disappoints as profits fall

26 July 2012 Falling energy prices have left its mark on Royal Dutch Shell after a weaker-than-expected profits performance drove a big fall in its share price. While chief executive Peter Voser insisted the Anglo-Dutch company was “moving forward in volatile times”, Shell’s second quarter profits of 5.7 billion US dollars (£3.7 billion) were down […]

Shell CEO: America can be energy independent in 20 years; company profit drops on lower prices

By Associated Press, Updated: Thursday, July 26, 5:18 PM AMSTERDAM — The chief executive of Royal Dutch Shell PLC on Thursday said that whichever political party wins the U.S. presidential election in November should formulate an energy policy with a view to achieving “near energy independence” within 20 years. Swiss CEO Peter Voser, who heads Europe’s largest […]

Mitt Romney Omnishambles in London

Definition of “omnishambles” – something that is very badly organised and is ineffective in every possible way Mitt Romney is having a disastrous visit to London. One gaff after another. He has already been rebuked by Prime Minister David Cameron for his undiplomatic comment alleging Britain is not ready to hold the Olympics. He then […]

Shell May Trim 2012 Alaska Drilling for Inspections, Ice

By Katarzyna Klimasinska on July 26, 2012 Royal Dutch Shell Plc (RDSA) may have to scale back its Arctic oil-exploration this year after unrelenting ice and trouble passing U.S. Coast Guard inspections delayed the planned July start of drilling. The company’s fleet remains in Dutch Harbor, Alaska, days away from the Chukchi and Beaufort seas […]



Royal Dutch Shell pressured as earnings disappoint

By Tricia Wright: Thu Jul 26, 2012 5:21pm IST Heavyweight UK energy stock Royal Dutch Shell was left nursing a fall of 2.7 percent after its second-quarter earnings lagged expectations. Volume in the shares was nearly one and a half times its 90-day daily average. Weaker prices for oil worldwide and for gas in North […]

Irish Times: Controversy over Mayo gas pipeline

FROM OUR JULY 2005 SHELL NEWS ARCHIVE… Irish Times: Controversy over Mayo gas pipeline “This giveaway agreement was presided over by a government led by CJ Haughey, and the terms were arranged by the then Minister who dealt with such affairs, Ray Burke. This man has since been investigated and found to have engaged in […]

Shell Still in Talks Over Russia’s Shtokman Project, CEO Says

By Ben Farey – Jul 26, 2012 9:11 AM GMT+0100 Royal Dutch Shell Plc is still in talks with OAO Gazprom about joining the Shtokman liquefied natural gas project in the Russian Arctic, one of the world’s biggest gas deposits. “We now have interest in doing more LNG projects in Russia,” Shell Chief Executive Officer […]

Time ticking on Shell’s offshore Arctic drilling

By Yereth Rosen ANCHORAGE, Alaska, July 25 | Wed Jul 25, 2012 10:18pm EDT (Reuters) – Royal Dutch Shell’s plans to drill exploratory wells in remote Arctic waters off Alaska are being hampered by its failure to secure key regulatory approvals and lingering sea ice, which have already led to a three-week delay. Shell had […]

Shell Profit Falls More Than Expected as Oil Prices Drop

By Eduard Gismatullin and Francine Lacqua – Jul 26, 2012 9:07 AM GMT+0100 Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, reported a larger decline than expected in second-quarter earnings as crude prices dropped and maintenance work on fields held back production. Profit fell 13 percent, excluding one-time items and inventory changes, to $5.7 […]

Shell Looks To Lengthen Arctic Drilling Season Amid Deadlines

Dow Jones Newswires: Published July 25, 2012 Royal Dutch Shell PLC (RDSA, RDSA.LN) is scrambling to take advantage of a shrinking opportunity to drill for oil in the Arctic Ocean this summer, recently asking the Obama administration to allow it to get an early start on planned wells there, people familiar with the issue said. […]

Big oil on the back foot in changing energy world

Wed Jul 25, 2012 * State-backed Asian groups rival big Western firms * Nimble specialists trouble U.S., European majors * Resource nationalism a rising challenge * Majors remain strong in tough environments By Andrew Callus LONDON, July 25 (Reuters) – It happens every time. Oil prices fall and the industry turns cannibal: big energy companies […]

Shell profit to dip in Q2

July 25, 2012 AMSTERDAM — Royal Dutch Shell, Europe’s biggest oil company, is due to report second quarter results on Thursday before markets open in Europe. WHAT TO WATCH FOR: Shell won’t earn quite as large a net profit as it did in the second quarter of 2011, due to lower oil prices and fewer […]

Shell Signs Deal With China’s State Oil Producers to Get Access

By Brian Swint – Jul 25, 2012 12:18 PM GMT+0100 Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, expanded cooperation with China’s state- backed producers, giving it more access to reserves in the world’s second-largest economy. The London-based company signed two offshore production- sharing contracts with Cnooc Ltd. (883) for the Yinggehai basin and […]

Shell ups China presence with CNOOC tie-up

LONDON | Wed Jul 25, 2012 8:48am EDT (Reuters) – Oil major Shell (RDSa.L) sealed an exploration tie-up with China’s state-run oil firm CNOOC (0883.HK) on Wednesday in a move which will help secure longer term growth from projects in the world’s energy-hungry second largest economy. Shell said it agreed two partnership deals with CNOOC, […]