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Posts under ‘Alaska’

Shell begins production at world’s deepest underwater oilfield

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Simon BowersSunday 11 September 2016 17.15 BST

Royal Dutch Shell has started production at the world’s deepest underwater oil and gas field, 1.8 miles beneath the sea surface in the Gulf of Mexico.

The latest costly addition to Shell’s production capacity comes despite Van Beurden’s repeated pledges on climate change. In May, he said: “We know our long-term success … depends on our ability to anticipate the types of energy that people will need in the future in a way that is both commercially competitive and environmentally sound.” read more

Why I’m expecting Royal Dutch Shell plc and BP plc to plummet!

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By Royston WildThe Motley Fool: Friday, 2 September, 2016

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Investor appetite for the oil segment has taken a knock in recent weeks as fears of a prolonged supply glut have weighed.

British majors Royal Dutch Shell(LSE: RDSB) and BP(LSE: BP) have seen their share prices slip 10% and 7% respectively during the past six weeks, for example. And I believe a sharper retracement could be just around the corner.

Stocks keep surging

Broker predictions that the oil market is set to balance later this year are being put under increased scrutiny as already-plentiful stockpiles continue to build. read more

Large cruise ship voyage through Arctic ice rekindles rows

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Screen Shot 2016-08-13 at 21.48.04Terry MacalisterSaturday 13 August 2016 07.00 BST

Arguments around the Arctic have more recently centred on oil company drilling such as Shell’s controversial and now abandoned attempts to explore off the coast of Alaska and new plans to open up the Norwegian far north.

But the increasing scope for industrialising the region as the ice melts has also triggered geopolitical tensions and talk of a new cold war because the legal status of who owns what up there is uncertain.

FULL ARTICLE read more

Shell Returns To Unalaska

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Shell Returns To Unalaska

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Screen Shot 2016-08-06 at 15.52.57By ZOE SOBEL: Saturday 6 August 2016

Shell is back in Unalaska. Dutch Harbor was a staging area for Shell’s unsuccessful search for oil in the Arctic Ocean last year. This week, three ships — the Aiviq, the Dino Chouest, and the Ross Chouest — associated with Shell’s Arctic efforts arrived in Unalaska on a mission to remove the last signs of that effort.

A Shell representative says the vessels are “tasked with retrieving more than 50 anchors from the Chukchi and Beaufort Seas” and “completing required environmental science monitoring and reporting.” read more

JOHN DONOVAN SAR APPLICATION LETTER TO SHELL INTERNATIONAL LIMITED UNDER THE DATA PROTECTION ACT 1998

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LINK TO ARTICLE

Screen Shot 2016-07-20 at 10.23.39JOHN DONOVAN SAR APPLICATION LETTER TO SHELL INTERNATIONAL LIMITED UNDER THE DATA PROTECTION ACT 1998

19 July 2016

Mr. Gary Thomson SI-LSC/K
Shell International Limited
40 Bank Street
London E14 5NR

Dear Mr Thomson

Data Protection Act 1998 – Subject Access Request (SAR)

Thank you for your email dated 19 July 2016.

Please find enclosed completed application forms together with a postal order for £10 made out to Royal Dutch Shell Plc.

I obtained it before finding out that the fee can now instead be paid to a charity.

As you are aware, I operate royaldutchshellplc.com – a website focussed on the activities of Shell. read more

US oil leadership questioned

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By Ed Crooks: 8 July 2016

The most eye-catching story of the week was the estimate from Rystad Energy that the US holds the world’s largest oil reserves. As the table in Rystad’s press release shows, that calculation relies heavily on “undiscovered fields” in the US that have yet be found. In terms of proved reserves in existing fields, Saudi Arabia still has more than twice as much oil as the US, according to Rystad’s estimates. John Kemp of Reuters discussed the meaning of the varying figures for Saudi Arabia’s reserves, concluding: “No-one really knows how much more oil can be recovered from beneath the Saudi desert and adjoining areas in the Gulf.” read more

Shell Warns Of Further Job Cuts

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Screen Shot 2016-06-30 at 18.15.43By Irina Slav – Jul 05, 2016, 9:02 AM CDT

Shell may have to cut more jobs after laying off 12,500 people over the past year, CEO Ben van Beurden told The Telegraph. The new cuts would be prompted by a “continuous improvement drive,” he added.

Elaborating on what this drive would imply, Van Beurden noted jobs are becoming unnecessary as business operations get shut down, or positions being moved to another part of the world, or becoming redundant because of the drive for enhanced business efficiency. read more

Shell drops legal attempt to extend offshore lease terms in the Arctic

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Screen Shot 2016-06-25 at 10.21.36Shell drops legal attempt to extend offshore lease terms in the Arctic

Author: Yereth Rosen: 24 June 2016

Months after abandoning its plans for oil exploration in Arctic waters off Alaska, Royal Dutch Shell has dropped its legal effort to hold onto those offshore leases.

Shell notified the Interior Department it will no longer pursue its appeals of a decision that denied extension of the company’s oil leases in the Chukchi and Beaufort seas off Alaska. The department’s Board of Land Appeals on Thursday granted Shell’s request and dismissed the case. read more

Royal Dutch Shell Faces Criticism From Glass Lewis on Payment Plans

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Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has faced huge criticism from Glass Lewis, a shareholder advisory firm to award its CEO Ben Van Beurden with a huge bonus in 2015. The shareholder advisory firm further persuaded the shareholders of the oil giant to cast their vote against the payment plans of the company.

As reported by the Wall Street Journal, Glass Lewis said in a report: “We remain concerned by the disconnect between bonus payouts and financial performance. We find it troubling that the CEO continues to receive payouts at just short of maximum while the company’s financials deteriorate.” read more

Shell forfeits Arctic leases once worth $2b

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Screen Shot 2016-05-10 at 08.42.36By Liz Ruskin, APRN: May 10, 2016

Shell is giving back all but one of its leases in the Chukchi Sea.

The announcement comes seven months after Shell said it was halting exploration in Alaska’s offshore Arctic for the foreseeable future.

Gov. Bill Walker calls the news “disappointing.”

Michael LeVine, Pacific senior counsel for the conservation group Oceana, says the lease-surrenders underscore Shell’s exit.

“They’re significant because they really call to an end this era of exploration, at least in the Chukchi Sea,” he said. read more

Shell’s fleet of ancient rust buckets fit only for the scrapyard

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By John Donovan

In June 2015, I published an article by a regular contributor about the notorious Noble Discoverer, one of two drill ships used by Shell in their notorious offshore Alaska drilling campaign.

The insider described Shell’s fleet of five vessels sent into Arctic waters as ancient rust buckets fit only for the scrapyard.  

Apparently an entirely appropriate assessment, as I understand from a different source that the Noble Discover may well be on her way now to the infamous Alang shipbreaker yards in India. read more

Big Oil Abandons $2.5 Billion in U.S. Arctic Drilling Rights

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Screen Shot 2016-05-10 at 08.42.36Jennifer A Dlouhy: May 10, 2016

Drillers forfeit millions of acres amid slump in oil prices

Royal Dutch Shell still holding on to one lease in Chukchi Sea

After plunking down more than $2.5 billion for drilling rights in U.S. Arctic waters, Royal Dutch Shell, ConocoPhillips and other companies have quietly relinquished claims they once hoped would net the next big oil discovery.

The pullout comes as crude oil prices have plummeted to less than half their June 2014 levels, forcing oil companies to slash spending. For Shell and ConocoPhillips, the decision to abandon Arctic acreage was formalized just before a May 1 due date to pay the U.S. government millions of dollars in rent to keep holdings in the Chukchi Sea north of Alaska. read more

Shell gives up on all but one Chukchi Sea lease

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Yereth Rosen: Alaska Dispatch News: May 9, 2016

Royal Dutch Shell has decided to give up all but one of its federal offshore leases in the Chukchi Sea, bringing what appears to be an anticlimactic end to its multibillion-dollar effort to turn those icy Arctic waters off northwestern Alaska into a new oil-producing frontier.

“After extensive consideration and evaluation, we have made the decision to relinquish all but one of our federal offshore leases in Alaska’s Chukchi Sea. This action is consistent with our earlier decision not to explore offshore Alaska for the foreseeable future,” company spokesman Curtis Smith said in an email on Monday. read more

Not-so-Big Oil

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May 7th 2016

IT HAS been a grim decade for investors in international oil firms—among them, many of the world’s biggest pension funds. Even before oil prices started to fall in 2014, the supermajors threw money away on grandiose schemes: drilling in the Arctic and building giant gas terminals. Their returns have trailed those of other industry-leading firms by a huge margin since 2009.

In the past 18 months things have gone from bad to worse. The Boston Consulting Group, a consultancy, calls it the industry’s “worst peacetime crisis”. That is evident in first-quarter results released in the past week by Exxon Mobil and Chevron of America, and European rivals, Royal Dutch Shell, BP and Total, which bear the scars of a collapse in oil prices to below $30 a barrel in mid-February (see chart). read more

Eyes on Doha

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By Ed Crooks: April 15, 2016

All eyes in the oil market this weekend will be on Sunday’s meeting in Doha, which will bring together leading producers including Russia and most – although perhaps not all – of the members of Opec. Expectations that the countries will agree to freeze production, encouraged this week by statements from Russian and Iraqi representatives, have helped drive Brent crude prices up more than 60 per cent from about $27 per barrel in January to around $44 today.  The heads of some of the world’s largest trading houses have concluded that for oil producers, the worst is probably now over. read more

Shell is streamlining its operations in Malaysia and Norway following its merger with BG Group

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By Micheal Kaufman on Apr 6, 2016

Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has shipped a cargo of Bintulu condensate from Malaysia to New Orleans, Louisiana, Reuters reported citing a trade source familiar with the matter. This is the first time that the US is importing this type of a condensate from Malaysia.

According to news sources, the Polaris, vessel containing 200,000 barrels of the offshore oil produced by the Malaysian state oil giant, Petronas, left the Malaysian terminal in February. The tanker stopped at Singaporean port, before heading towards Louisiana. read more

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