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Posts under ‘Associated Press’

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 […]

Shell Nigeria: Explosion forces closure of Trans Niger Pipeline

Environmental activists accuse Shell Nigeria of using oil theft as an excuse to cover up accidental spills. The company has to compensate local communities for spills not caused by theft. Shell Nigeria: Explosion forces closure of Trans Niger Pipeline carrying 150,000 barrels a day By Associated Press, Published: June 20 LAGOS, Nigeria — Shell Nigeria says […]

Shell says Kulluk left Dutch Harbor to avoid taxes

A Royal Dutch Shell official testified Saturday that tax avoidance was the main reason for having the Kulluk oil drilling rig leave Dutch Harbor in December — 10 days before its grounding off a remote Alaska island. Saturday May 25, 2013 ANCHORAGE, Alaska (AP) — A Royal Dutch Shell official testified Saturday that tax avoidance was […]

Iraq, Royal Dutch Shell kick off major gas project in oil-rich south

By Associated Press, Updated: Wednesday, May 1, 1:16 PM BAGHDAD — Royal Dutch Shell says it has officially kicked off a multibillion-dollar project to tap natural gas in Iraq’s south.The $17 billion joint venture will gather, process and market associated gas, a by-product of producing oil, from three oil fields in the petroleum-rich province of […]

ConocoPhillips delays 2014 Arctic marine drilling

By DAN JOLING, Associated Press 10 April 2013 ANCHORAGE, Alaska (AP) — ConocoPhillips Alaska announced Wednesday it will not drill in Arctic waters off Alaska’s northwest shore in 2014. Environmental groups hailed the decision and said the experience of Royal Dutch Shell PLC in 2012 demonstrated that oil companies are not prepared to drill in […]

Gazprom, Shell to develop Arctic oil fields

The Associated Press: 8 April 2013 MOSCOW — Energy giants Gazprom and Royal Dutch Shell PLC have agreed to jointly develop offshore Arctic oil fields, Russian media reported Monday. The companies will develop the Severo-Vrangelevsky field in the Chukchi Sea and the Severo-Zapadny field in the Pechora Sea. Russian Energy Minister Sergei Donskoy was quoted […]