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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 shell.com 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 […]

Has Shell Unlawfully Resumed Oil Operation In Ogoni?

By Ben Ikari, Director, African Cultural and Fundamental Rights Council (AFCRC-USA): 26 February 2013 Last updated at 08:02 CET Royal Dutch Shell (RDS) may be set for a serious crisis and bloodletting in Ogoni, Nigeria. Information reaching the African Cultural and Fundamental Rights Council (AFCRC-USA) has it that the oil company, which happens to be […]

Shell Oil in Arctic: Learning to juggle, with chainsaws

Air permit emission limits were grossly violated yet drill operations continued.; Multiple critical engine failures also demonstrate their support vessels’ failed under stress. The eventual grounding of Shell’s giant mobile oil-drilling rig, the Kulluk, off Kodiak Island conveys a serious lack of planning to save a few dollars (before you go boating, check the weather).Could […]

Shell in Arctic oil risk alert

Failings identified on a Shell ship drilling in the Arctic have raised questions about the energy giant’s plans to extract oil in the region. The findings emerged after Shell’s other Arctic barge, the Kulluk, broke away from a tug and crashed into the uninhabited Sitkalidak Island on New Year’s Eve. Photo: Reuters THE SUNDAY TELEGRAPH 24 […]

Ahead of Trial, Talk of a BP Settlement in 2010 Oil Spill

A BP cleanup crew removing oil from a beach in May 2010 in Port Fourchon, La., after the Deepwater Horizon disaster. Photo Credit: John Moore/Getty Images By BARRY MEIER and CLIFFORD KRAUSS: A version of this article appeared in print on February 24, 2013, on page A17 of the New York edition With a major […]

Coast Guard finds evidence of safety violations on Shell rig

The Coast Guard found a lack of preventive maintenance and “systematic failure” led the Discoverer to experience a loss of its propulsion system and an explosion in its exhaust system… By Kim MurphyFebruary 23, 2013, 6:15 a.m. The U.S. Coast Guard has found evidence of multiple safety and environmental violations in Shell Alaska’s Noble Discoverer […]

Coast Guard Finds 16 Violations on Shell Ship

The U.S. Coast Guard has turned over its investigation of violations on a Royal Dutch Shell PLC Arctic drill ship to the Department of Justice, officials said Friday. By MARK THIESSEN Associated Press ANCHORAGE, Alaska February 23, 2013 (AP) The U.S. Coast Guard has turned over its investigation of violations on a Royal Dutch Shell […]

Shell’s Arctic Meltdown Continues

By John Donovan: SHELL’S ARCTIC DEBACLE IS TURNING INTO A REPUTATIONAL DISASTER BEARING IN MIND THE LATEST DEVELOPMENTS REPORTED BY THE ANCHORAGE DAILY NEWS. I AM NOT GOING TO PRETEND THAT WE ARE SHOCKED, BECAUSE WHAT IS HAPPENING IS IN LINE WITH OUR EMAILED WARNINGS TO UK MP’S BEFORE SHELL’S CLAPPED OUT DRILLING FLEET EVEN […]

Selection of links to Shell related articles: 22 February 2013

Selection of links to Shell related articles kindly supplied by a regular contributor Shell: Reassessing Development Plan For North Sea Fram Oil, Gas …:NASDAQ: LONDON–Royal Dutch Shell PLC (RDSA.LN) is reassessing its development plan for the Fram oil and gas field in the North Sea following … Shell to reassess development of Fram field in […]

Shell EP Ireland mired in corruption allegations

By John Donovan The long-running saga involving Shell EP Ireland and a small Irish company continues. OSSL supplied goods and services to the Shell Corrib project in Ireland.  It has accused Shell management of instructing them to make corrupt payments/gifts to third parties on behalf of Shell, including Police involved in handling environmental protests against […]

Selection of links to Shell related articles: 21 February 2013

Selection of links to Shell related articles kindly supplied by a regular contributor ExxonMobil Witness in Trial Says MTBE Raised Cancer Risk: Bloomberg: Shell Oil Co., Sunoco Inc., ConocoPhillips (COP), Irving Oil Ltd., Vitol SA and Hess Corp. settled before the trial began. The New Hampshire … Five reasons the Keystone XL pipeline is bad […]

Shell’s contempt for its UK shareholders: Scraps UK satellite AGM

“The decision not to have an audio/visual link to London for this years RDS AGM means that for the first time in history British based shareholders will not be able to attend a Shell AGM in the UK. At the time of the demise of Shell Transport and Trading and the formation of the new […]

Matthias Bichsel and the Shell reserves fraud

By John Donovan Within the next few days we will publish authentic Shell internal confidential emails and documents that provide irrefutable proof that like his fellow Royal Dutch Shell Plc executive director, Simon Henry, Matthias Bichsel (right) was aware years before the Shell reserves fraud became public knowledge, that Shell was cooking the books. Many […]

Shell comedy continues: Tugs collide while maneuvering around Kulluk

By LISA DEMER — [email protected]: Published: February 19, 2013 “The Coast Guard is reviewing Shell’s tow plan and evaluating whether the vessel is seaworthy for a tow…” Two tugboats maneuvering around Royal Dutch Shell’s oil drilling rig, the Kulluk, collided Friday afternoon, but the damage was minimal, the Coast Guard said Tuesday. The Corbin Foss, […]

Shell boss denies job fears

Nick Sas, The West Australian February 21, 2013 Royal Dutch Shell Australia chief Ann Pickard has moved to dispel fears over the lack of local jobs on its new floating LNG hubs, saying the “more important” maintenance and service jobs will stay local and last for up to 30 years. Speaking on the sidelines of […]

Shell USA engaged in a conspiracy to bilk California electricity consumers?

FROM A REGULAR CONTRIBUTOR John, Thought you would like this article. It seems Shell USA was engaged, with other participants, in a conspiracy to bilk California electricity consumers. Are we surprised ???  Shell is such an ethical company. Interestingly, the Bonneville Power Administration, a unit of the US Government, the Dept. of Energy, was also […]

Why the world isn’t running out of oil

Decades ago, the world was told it was running on empty. Today, we have more oil than we need. What’s fuelling the boom in black gold? By Brian Viner: 19 Feb 2013 On the evening of April 18 1977, President Jimmy Carter invited television cameras into the Oval Office and portentously announced to the American […]

Shell says no need to rush Australia Gorgon LNG expansion

PERTH | Wed Feb 20, 2013 5:01am EST Feb 20 (Reuters) – There is no need to rush the expansion of the $52-billion Gorgon liquefied natural gas (LNG) complex, the chairman of Shell Australia said on Wednesday, adding that the company wanted to avoid distraction while it kept the project on track. Shell holds a […]

Shell in need of corporate psychotherapy

Shell has been prepared to put up with the ignominy of its so-called “No1 Enemy” receiving private communications meant for the company. Several years ago Michiel Brandjes, Royal Dutch Shell Company Secretary & General Counsel Corporate, gave us written permission to vet incoming mail on behalf of Shell, using our discretion to remove and destroy […]

Battle Lines Drawn for BP’s Day in Court

Cleanup crews on Pensacola Beach in 2010. A federal court in Louisiana is preparing to hear lawsuits related to the Deepwater Horizon oil spill: Photo Credit: Michael Spooneybarger/Associated Press By CLIFFORD KRAUSS: A version of this article appeared in print on February 20, 2013, on page B1 of the New York edition HOUSTON — Unless […]

Gas (Methane) Hydrates: A New Frontier

RECEIVED FROM A REGULAR CONTRIBUTOR John,   The following articles are very interesting. If the technology proves successful vast new reserves of natural gas could be brought onto the market. Note that Royal Dutch Shell is NOT one of the participants in this test.   US claims ‘unprecedented’ success in test for new fuel source […]

Shell seems to have fallen into a trap

Brief extracts from an excellent informative article published today by “Seeking Alpha” under the headline: Why Royal Dutch Shell Needs To Acquire InterOil Now EXTRACTS Royal Dutch Shell (RDS.A) is perhaps the best example of a major that is suffering from diminishing returns on capital, faltering reserve replacement ratios (RRR), and significant excess capital yielding […]

Shell rapped by Norway’s offshore safety watchdog

By John DonovanSeems from an article just published by upstream.com that little has changed in Shell’s notorious “Touch F*** All” approach to protecting the lives of its offshore workers. Apparently the corner-cutting bean counter duo now running the show – Peter Voser, and his sidekick Simon Henry – are following the same path. They do […]

Shell Oil should take responsibility for its problems

It’s a little alarming that you didn’t already know that this tax didn’t apply to you, but we forgive you Shell. The greenies may say nasty things, like that you risked the lives of Alaskans as well as our pristine coastline just to dodge an insignificant tax bill that in fact didn’t apply to you, […]

Shell misses out on £1.4bn French deal

Royal Dutch Shell is poised to miss out on a £1.4bn acquisition of French oil explorer Maurel & Prom. Royal Dutch Shell was reported last June to have been interested in buying the Paris-listed business, which has assets in Africa and Latin America. Photo: BLOOMBERG NEWS By Ben Harrington:  Sunday 17 Feb 2013 State-backed Indonesian company […]