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Posts from ‘November, 2012’

Nigeria Bill Risks Output in Top African Oil Country, Shell Says

By Elisha Bala-Gbogbo on November 30, 2012

Nigerian plans to change the way its oil industry is regulated and funded risk cutting investment and production in Africa’s top producer, Royal Dutch Shell Plc (RDSA) said.

“Production will be down about 40 percent by 2020 without new investment,” Mutiu Sunmonu, Shell’s chairman for Nigeria, said in the copy of a conference presentation in the commercial capital of Lagos. The proposed “fiscal package is not conducive to investment. As a result, there will be few new investments.” read more

Susan Rice, Royal Dutch Shell and Iran

In what might turn out to be the final set of nails in the coffin of her Secretary of State ambitions, it turns out that U.N. Ambassador Susan Rice has huge foreign investments, including several companies that are doing business with Iran.  She has ties to one company, Royal Dutch Shell, that stands to make a billion dollars if the sanctions against Iran are lifted.

SOURCE

BY: :

The portfolio of embattled United Nations Ambassador Susan Rice includes investments of hundreds of thousands of dollars in several energy companies known for doing business with Iran, according to financial disclosure forms.

Rice, a possible nominee to replace Secretary of State Hillary Clinton when she steps down, has come under criticism for promulgating erroneous information about the September 11, 2012, attacks in Benghazi, Libya, that killed four Americans. read more

Shell Alaska boss: ‘There will be spills’

Royal Dutch Shell’s Alaska vice-president has admitted he believes “there will be spills” by companies drilling for oil in the Alaskan Arctic.

Environmental campaigners oppose drilling in the Arctic

Emily Gosden By 6:35PM GMT 29 Nov 2012

Shell is one of a handful of companies exploring in Arctic waters and began drilling off Alaska this year.

Environmentalists oppose drilling on the grounds a spill would devastate the environment.

Asked what people were concerned about, Mr Slaiby told the BBC: “There’s no sugarcoating this, it is [an] oil spill.”

“If you ask me will there ever be spills, I imagine there will be spills,” he said.

“Will there be a spill large enough to impact people’s subsistence? My view is no, I don’t believe that would happen. read more

Why Shell’s bigger U.S. footprint matters

Shell exec sees domestic production as a selling point for investors

Shell oil rig off the coast of Alaska: Photo credit: Shell Oil Company

By Steve Gelsi, MarketWatch

NEW YORK (MarketWatch) — When filling up your gasoline tank in the next few years, Royal Dutch Shell wants you to know they’re working to increase the share of the fuel pumped out of Uncle Sam’s back yard.

Shell Oil Co. President Marvin Odum sees Royal Dutch Shell’s RDS.A +0.06%  growing presence in the U.S. as a selling point for investors.

“I think Wall Street probably does care about a strong country, and there’s an aspect of producing your own resources that definitely plays into that.” Odum said in an interview at the Platts Global Energy Outlook Forum. “The real question you have to come down to in the end is are these economically competitive projects to go after? The answer is yes they are.” read more

Shell to Sea campaigners met UN rapporteur on Human Rights Defenders

Mayo Advertiser, November 30, 2012.

Last week Mrs Margaret Sekaggya, the UN special rapporteur on Human Rights Defenders, met a delegation of 10 people to discuss the issues they face regarding the Corrib Gas Project. The delegation comprised seven members of Shell to Sea, Kilcommon parish priest Fr Michael Nallen, and two members of the human rights monitoring organisation Table Observers: Sr Majella McCarron and Donal Ó Mearáin.

Mrs Sekaggya is visiting Ireland in order to evaluate the situation of human rights defenders in the country and will present a report with her findings to the UN Human Rights Council in March next year. Members of the delegation raised many issues of concern including violence by the gardaí, behaviour of the private security, the democratic deficit in the planning process, surveillance and harassment, selectivity in the application of the law, the undermining and stigmatisation of campaigners by the judiciary, the politicisation of the judicial process, and the ineffectiveness of designated oversight bodies in particular the Garda Ombudsman. read more

Royal Dutch Shell Wins Energy Company of the Year Award

Royal Dutch Shell Wins “Company of the Year” and Commodity Excellence Honors at Platts Global Energy Awards

NEW YORK, Nov. 29, 2012 /PRNewswire/ — Winners from seven countries and three continents took top honors in New York City tonight at the Platts Global Energy Awards, which recognized three industry leaders and 16 companies for exemplary individual and corporate achievement. The awards program, now in its 14th year, is one of the energy industry’s premier recognition events and often referred to as the “Oscars” of the energy industry.

Netherlands-based Royal Dutch Shell also stood apart from the night’s other winners, snagging not one, but two awards – the much sought-after “Energy Company of the Year” and “Commodity Excellence Award for Natural Gas.” Judges were impressed by the company’s commitment to continual innovation despite the scale of its current operations. Shell’s downstream activities in chemical gas-to-liquids technologies development caught the judges’ attention, as did its liquefied natural gas (LNG) technologies, which enhance energy efficiency and advance LNG as a transport fuel for trucks, ships and locomotives. The judges also cited Shell’s advancements in deepwater drilling, shale development and tight-gas extraction, all of which are helping to drive U.S. energy independence. read more

Shell sees big output boost from Chesapeake acreage buy

Ernest Scheyder and Joshua Schneyer Reuters: 10:46 a.m. CST, November 29, 2012

NEW YORK (Reuters) – Royal Dutch Shell expects “years and years” of production from oil and natural gas acreage it recently bought from Chesapeake Energy Corp and plans to add more drilling rigs, the head of Shell’s Americas operations said on Thursday.

Shell paid $1.94 billion last September for 618,000 acres in the Permian Basin, a vast oil and natural gas source in western Texas.

Shell and other global energy companies, including Exxon Mobil Corp and Chevron Corp , are buying more oil and gas assets in North America to boost production in a sector where most resources are located and tightly controlled by countries like Brazil and Russia. read more

The Inuit sitting on billions of barrels of oil

By May Abdalla BBC World Service, Point Hope, Alaska:  29 November 2012

After a decade of legal wrangling and spending $4.5bn (£2.8bn), this year Shell Oil was given permission to begin exploratory drilling off the coast of Alaska. But many in the local Inuit community are concerned it could have a devastating impact on one of their main sources of food – the bowhead whale.

Marie Casados shows me the contents on her freezer. Inside there’s whale meat, muktuk – frozen whale skin and blubber – a selection of fish and a polar bear foot, which looks like a human hand. She describes it as a real delicacy. But it’s more than that – this is her food supply for the winter. read more

Shell’s Olympus Hull Departs South Korea

SOURCE Shell Offshore Inc.

HOUSTON, Nov. 28, 2012 /PRNewswire/ — Shell Offshore Inc.’s (Shell) Olympus hull, the approximately 32,500 metric ton main body of the Olympus TLP, departed from South Korea today to begin its two month journey to the U.S. Gulf Coast. The hull is expected to reach Ingleside, Texas in early 2013 where installation of the topsides will take place before the TLP departs for its final location on the Mars Field in the Gulf of Mexico.

(Photo: http://photos.prnewswire.com/prnh/20121128/DA20106-a) read more

Shell jet fuel spill at Germany Refinery creates toxic underground lake

Kerosene is classified as environmentally hazardous. Undiluted kerosene irritates the skin from direct contact. Ingestion causes vomiting and diarrhea, damages the lungs, the nervous system and the kidneys, and in the worst cases, lead to death.  It is toxic to aquatic organisms and causes long-term damage if it drains into a large body of water, such as the Rhine.

By John Donovan: 27 November 2012


On 22 February 2012 a spill of 846 tonnes of jet fuel was reported at the Shell Rheinland Werk Godorf Cologne Refinery.

The refinery consists of two factories in Cologne-Godorf and Wesseling in the south of Cologne, located on the left bank of the Rhine.

The leak occurred in an underground pipeline between the plant and a fuel depot.

Because an alarm system at the Shell refinery failed, it took four weeks for technicians discover the leak.

Kerosene is a liquid mixture of hydrocarbons obtained from petroleum. Jet fuel is a highly toxic mixture of kerosene and naphtha. It is practically insoluble in water and has a lower density, so that it is deposited as a carpet on a water surface. read more

Nigeria: Union Shuts Down Shell Operations Nationwide

Nigeria: NUPENG Shuts Down Shell Operations Nationwide – …protests Sack of 1,500 Workers

By Emma Amaize, Victor Ahiuma-Young and Kunle Kalejaye, 26 November 2012

Aggrieved members of Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, protesting alleged unfair labour practices, yesterday, shut down the operations of Shell Petroleum Development Company, SPDC, nationwide.

This came as a nationwide strike by NUPENG looms following alleged assault on members by security operatives at Shell locations across the country, which prompted the Warri and Port Harcourt zones that serve the South-South states and eastern states to begin immediate strike. read more

Corrib Gas Partners will spend €3bn before any gas flows

The Irish Times – Tuesday, November 27, 2012

GORDON DEEGAN

The rising bill on the controversial Corrib Gas project is to top almost €3 billion before the end of next year, new figures show.

The company driving the project, Shell EP Ireland Ltd yesterday confirmed that the Corrib Gas Partners last year spent a further € 270 million on the project. A spokeswoman said a further € 250 million will be spent this year and again in 2013.

At the end of 2011, the total spent on the project amounted to € 2.43 billion. read more

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