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Posts under ‘Associated Press’

Royal Dutch Shell Reports 57 Percent Drop in Net Income

LONDON — Jan 29, 2015, 3:42 AM ET: By DANICA KIRKA Associated Press Royal Dutch Shell PLC, Europe’s largest oil company by market value, said Thursday that fourth quarter net income fell 57 percent to $773 million and that it would cap spending this year in response to falling oil prices. Shell is one first big […]

Plan to allow Shell oil drilling fleet in Seattle draws ire

BY PHUONG LE ASSOCIATED PRESS: 01/28/2015 9:43 PM: SEATTLE A plan to allow Royal Dutch Shell PLC to use Seattle’s waterfront as a homeport for its Arctic drilling fleet is drawing opposition from environmental groups that say it’s not consistent with the region’s environmental goals. Several state and national groups, and local city leaders on Wednesday urged […]

Shell drilling company guilty of environmental and maritime crimes in Alaska’s Arctic

ANCHORAGE, Alaska — Dec 19, 2014, 3:28 PM ET: By DAN JOLING Associated Press A drilling company has pleaded guilty to committing environmental and maritime crimes in Alaska’s Arctic. Bernie G. Wolford Jr., president of Noble Drilling U.S. LLC, appeared in federal court in Anchorage on Friday after reaching an agreement with prosecutors earlier this month. […]

Shell Midstream Partners files for $750M IPO

NEW YORK — Shell Midstream Partners LP filed for an initial public offering that could be worth about $750 million before expenses and discounts. Shell Midstream was formed by Royal Dutch Shell, and it will focus on acquiring pipelines and other midstream assets. Shell Midstream’s assets include stakes in Zydeco Pipeline Co., Mars Oil Pipeline Co., […]

Failure to clean Niger Delta oil pollution still devastating people’s health: Amnesty

Extracts from an Associated Press article by MARAM MAZEN published 3 August 2014 LAGOS, Nigeria – Little action has been taken to clean up pollution caused by oil production in Nigeria’s Niger Delta region, either by the government or Shell Oil, Amnesty International and other groups charged Monday. Oil production has contaminated the drinking water […]

Poor Management and Tax Dodging Led to Kulluk Grounding

Article by RACHEL D’ORO Associated Press published 4 April 2014 by ABC NEWS under the headline: “Report: Poor Management Led to Shell Grounding” A Coast Guard report says poor risk assessment and management were factors that led to the grounding of a Shell oil drilling rig in the Gulf of Alaska in 2012. The report […]

Shell 4Q earnings fall 74 percent

AMSTERDAM — Shell’s earnings have dropped by 74 percent in the fourth quarter from the same period a year ago, on a mix of higher exploration costs, lower production, and worse refining margins. The company, which warned on Jan. 17 weaker figures were coming, also had more one-time gains in 2013. Net profit for the quarter […]

4 states confirm water pollution from oil and gas drilling

PITTSBURGH (AP) — In at least four states that have nurtured the nation’s energy boom, hundreds of complaints have been made about well-water contamination from oil or gas drilling, and pollution was confirmed in a number of them, according to a review that casts doubt on industry suggestions that such problems rarely happen. Extracting fuel […]

Shell-led consortium boosts production at Iraq’s prized Majnoon oil field

By Associated Press, Published: October 6 BAGHDAD — An Iraqi official says a consortium led by Royal Dutch Shell has boosted production at a prized oil field in the country’s south to 175,000 barrels a day, speaking at a ceremony formally inaugurating commercial production.The head of the state-run South Oil Company, Dhia Jaafar, said Sunday that […]

Calif city declares emergency over Shell Oil contamination

LOS ANGELES—The city of Carson declared a local emergency in a bid to spark faster cleanup of oil-tainted soil beneath hundreds of homes that residents say is a health danger. The council resolution said explosive methane and carcinogenic benzene are present under 285 homes that were built in the 1960s atop a former Shell tank […]

Shell to spend $3.9 billion in Nigeria

June 21, 2013 AMSTERDAM (AP) — Royal Dutch Shell PLC says it will spend $3.9 billion on investments in Nigeria, including an effort to strengthen the Trans-Niger Pipeline that was shut down this week after it was damaged in a theft attack. In a statement Friday, the company said it plans to spend $1.5 billion […]