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Posts from ‘February, 2013’

Matthias Bichsel’s Arctic Role

In our article about the role of Matthias Bichsel in the reserves scandal, we listed from the Shell website his current duties as Royal Dutch Shell Plc Director of Projects & Technology. His responsibilities include “Safety and Environment.” In view of this fact, does anyone know the role of Bichsel’s Projects and Technology group in […]

Shell to Take a Gap Year in the Arctic

By Ben Winkley: February 28, 2013 Shell will postpone a second summer of drilling in the U.S. Arctic Ocean as it sends its two drilling rigs to Asian ports for repairs, The Wall Street Journal’s Tom Fowler and Ben Lefebvre report. The move comes as no surprise. Shell has poured billions of dollars into the region and has no production to […]

Shell Sees Solar as Biggest Energy Source After Exiting Industry

By Eduard Gismatullin & Sally Bakewell – Feb 28, 2013 12:01 AM GMT Royal Dutch Shell Plc (RDSA) says solar power, a business it abandoned four years ago, may expand into the world’s biggest source of energy in the next half century. The proposition that photovoltaic panels will be the main power source by 2070 […]

Shell suspends Arctic drilling for 2013

27 February 2013 Last updated at 22:40 Royal Dutch Shell has said that it will suspend its offshore drilling programme in the Arctic for the rest of 2013 in order to give time to ensure safety. The decision to pause drilling for oil in the Chukchi and Beaufort Seas off Alaska was widely expected, following […]

With 2 Ships Out of Commission, Shell Suspends Arctic Drilling

By JOHN M. BRODER: February 27, 2013 WASHINGTON — After a series of costly and embarrassing accidents in its efforts to drill exploratory wells off the north coast of Alaska last year, Royal Dutch Shell announced on Wednesday that it would not return to the Arctic in 2013. The company’s two drill ships suffered serious […]

Royal Dutch Shell calls time in the Arctic for another year

Royal Dutch Shell has called time on its troubled Arctic exploration programme for another year after a series of mishaps in 2012 scuppered its plans to drill for oil in the region this summer. By Emily Gosden 8:20PM GMT 27 Feb 2013 The controversial campaign has so far cost Shell about $5bn (£3.3bn) over seven […]

Shell’s Forecasts for North Sea Field Are Blown Off Course

By Steve Rosenbush, Deputy Editor: February 27, 2013 Royal Dutch Shell plc’s analytic tools may have led it to overestimate the potential resources of an oil and gas field in the North Sea—a reminder that the latest in algorithms and visualization tools, as powerful as they might be, aren’t always right. The company said late […]

Shell announces indefinite halt to its Alaska drilling plans

By John Donovan; Published 27 February 2013 PM The following announcement has just been published on under the headline: Shell announces pause in Alaska drilling programme It is notable that the so-called “pause” is indefinite. Shell has got a bad case of corporate frostbite and may take some time to regroup and recover.  The […]

Selection of links to Shell related articles: 27 February 2013

Selection of links to Shell related articles kindly supplied by a regular contributor The Race For California’s Shale Is On!: Daily Reckoning-Natural gas is plentiful and oil is coming to the surface, more each day. … Indeed, if New York goes the way of shale, the road may be paved for California. … characters include: […]

Is Shell Executive Director Matthias Bichsel Trustworthy?

Irrefutable evidence proves that Matthias Bichsel knew years before Shell investors that Shell had a major problem over its proven reserves bookings, which were not in compliance with the U.S. Securities and Exchange Commission rules. Like his colleague Simon Henry, the current CFO of Royal Dutch Shell Plc, he participated in the cover-up by not […]

Tugs towing Shell drill vessel to Dutch Harbor

A Royal Dutch Shell PLC drilling barge that ran aground New Year’s Eve is on the move from near Kodiak Island in Alaska to Dutch Harbor. The Associated Press: Originally published February 26, 2013 at 7:18 PM | Page modified February 26, 2013 at 7:21 PM ANCHORAGE, Alaska — A Royal Dutch Shell PLC drilling […]

Shell to buy Repsol LNG assets for $6.2 billion in cash and assumed debt

Associated Press: Published February 26, 2013 AMSTERDAM –  Royal Dutch Shell says it has struck a deal with Spain’s Repsol SA to buy Repsol’s liquefied natural gas assets in Peru and Trinidad & Tobago in a deal worth $6.2 billion. Shell said it would pay $4.4 billion in cash and assume $1.8 billion in Repsol […]

Selection of links to Shell related articles: 26 February 2013

Selection of links to Shell related articles kindly supplied by a regular contributor Shell drillship may have legal troubles on horizon: Alaska Dispatch-Ed Markey, D-Mass., to Shell Oil Co. President Marvin Odum. Among the issues noted by the Coast Guard’s inspectors were “improper wire … Japan wakes up to US shale revolution: Financial Times-… affecting […]

20 Years Later, Shell Hopes Supreme Court Will Endorse ‘Business As Usual’

Katie Redford: 25 February 2013 Co-Founder and Director, EarthRights International Twenty years — almost to the day. Last weekend marked the anniversary of meetings between officials from oil giant Shell that led to alleged human rights abuses at issue in a landmark Supreme Court case known as Kiobel v. Royal Dutch Petroleum. The Court, considered […]

U.S. legal action sought over Shell drillship violations

Coast Guard Chief Petty Officer Kip Wadlow said the Justice Department was now in charge of any potential sanctions against Shell or Noble, and Assistant U.S. Attorney Kevin Feldis confirmed it was now in the department’s hands. By Yereth Rosen ANCHORAGE, Alaska | Mon Feb 25, 2013 7:36pm EST (Reuters) – U.S. federal prosecutors have […]

Repsol Nears LNG Assets Sale to Shell for Up to EUR1.7 Billion -Report

Dow Jones Newswires: Published February 25, 2013 Spain’s Repsol SA may announce this week the sale of several of its liquefied natural gas assets to Royal Dutch Shell PLC for a total between 1.50 billion euros ($1.98 billion) and EUR1.7 billion, reports Expansion, citing financial sources. Repsol’s regasification plant in Canada will be excluded from […]

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