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ROYAL DUTCH SHELL PLC NEWS FRIDAY 19 SEPT 2014

Screen Shot 2014-09-19 at 12.52.41By John Donovan

Shell’s Arctic Drilling Plans 

fuelfix.com has published an article about Shell’s latest plans for exploratory oil drilling in the Chukchi Sea, north of Alaska. The detailed article contains links to a document Shell has filed with the U.S. Bureau of Ocean Energy Management, a related federal court document and an exploration plan.  A lawyer for the conservation group Oceana, is quoted as saying: “Shell appears to have learned little from its past experiences and should be considering whether it wants to continue to invest huge sums continuing to try to drill in a place for which it is clearly unprepared.” Apparently “Shell executives have not made an official decision to plunge forward into those icy waters, but filing the exploratory plan is a necessary step in its quest for federal permits necessary to conduct the work next year.”

According to a Petroleum News article, “Shell is planning for the possibility of drilling two exploration wells simultaneously in the Chukchi Sea, using two drilling vessels …”

USA: Leaky Wells Spur Call for Stricter Rules on Gas Drilling

Extracts from a Bloomberg article

A study that blamed natural gas drilling for water pollution in two states has spurred calls for stricter regulations to keep wells from leaking methane into aquifers. A number of industry operators say that fracking poses little to no risk of fouling water supplies, although shoddy wells have the potential to do so. The more the distinction can be made, “it allows a rational conversation to take place,” said Paul Goodfellow, a vice president for Royal Dutch Shell Plc who helps oversee shale drilling in the U.S. and Canada.

USA: Toxic City, California 

Just feet below the surface of a housing development in Carson, California, sits toxic oil contamination from storage tanks that were owned by Shell Oil Company. Quote from a resident: “It’s very frustrating, you know, everybody has cancer and stuff and they don’t care about the people.”  In 2010, the City of Carson filed a lawsuit against Shell, and the water control board ordered the company to clean up the mess. Recently, Carson city officials rejected Shell’s latest cleanup offer and are asking the water board to reject it as well. Attorneys representing the city and neighborhood residents said dangerous contaminants continue to seep through. SOURCE 

Brazil

The Director General of oil regulation in Brazil has bluntly stated that Royal Dutch Shell and Total must accept Brazil’s state-run Petrobras as a partner in their Gato do Mato offshore oil prospect. This move could strip Shell of operational control of the resource. The statement by Magda Chambriard appeared to contradict comments on Tuesday by Brazilian government lawyers that Shell’s rights would likely be preserved. More information can be found in this source Reuters article.

Nigeria

Shell claims that a strike by Nigerian oil unions is not having any immediate impact on crude oil exports from Africa’s top exporter, despite moving into a third day…

Russia

(Reuters) – The head of Shell Russia said on Friday that the company’s strategy in Russia remained unchanged, although the firm is evaluating the implications of sanctions imposed by the West on Moscow over its involvement in Ukraine. “Our strategy regarding Russia remains unchanged,” Olivier Lazare told a business forum in Russia’s southern city of Sochi. “We want to continue our presence in Russia. Current business is not affected by sanctions.”

See also: “Shell, Total to Continue Work in Russia Despite Sanctions”

Shell’s New Direction

An informative overview by Zoltan Ban of Shell’s problems and the latest bout of restructuring, including a fire sale of under-performing assets, can be viewed in this Seeking Alpha article: “Shell’s New Direction” Those of so who have been around awhile have seen it all before, for example, during the Moody-Stuart era.

Some of the above text is taken verbatim from the source articles. 

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