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New Boss of Shell Exploration

Links below to a selection of current news stories posted on our sister website royaldutchshellgroup.com covering, among other developments, news that Shell’s head of exploration Ceri Powell will step down in February and be replaced by Shell upstream strategy VP Marc Gerrits.

There is also coverage of yet further litigation relating to Shell’s activities in Nigeria. This time a claim against Shell for $406.7 million being brought by the Nigerian Federal Government.

The news is no better from Canada. According to the Canadian Press, Shell is suffering setbacks with exploration wells off Nova Scotia. read more

Obama’s April Fool’s Joke Approving Shell Arctic Drilling

Obama’s April Fool’s Joke Approving Shell Arctic Drilling

By John Donovan

On 1st April 2015, President Obama’s administration upheld a 2008 lease sale facilitating Shell’s return to oil and gas drilling off Alaska.

See this Reuters Report: Here’s why Obama is approving Artic Drilling again

This decision despite Shell’s farcical exploits in 2012.  Many readers will recall that a Shell hired drilling rig – a rusty ancient vessel – ran aground after Shell sent it to sea despite a storm warning.

The reckless move was made in an attempt to evade taxes. Shell admitted, then denied, then admitted, that this was the case. read more

Obama Said to Use 1953 Law to Permanently Block New Drilling Leases in Arctic, Atlantic

The Shell-contracted rigs Kulluk (left) and Noble Discoverer (right) set sail from Seattle in July 2012 for Royal Dutch Shell’s ultimately unsuccessful drilling campaign offshore Alaska in Summer 2012. Photo credit: Vigor Industrial

December 19, 2016 by Bloomberg

By Jennifer A. Dlouhy

(Bloomberg) — President Barack Obama is preparing to block the sale of new offshore drilling rights in much of the U.S. Arctic and parts of the Atlantic, a move that could indefinitely restrict oil production there, according to two people familiar with the decision. read more

Shell Canada asks regulator to leave huge pipe on sea floor off Nova Scotia

By Susan Bradley, CBC News Posted: Dec 16, 2016 3:20 PM

Shell Canada has officially applied to abandon two kilometres of pipe it accidentally dropped on the ocean floor off the coast of Nova Scotia.

The pipe, known in the industry as a riser, broke free from a surface ship March 5 during a winter storm.

“Because of the unacceptable risk associated with the health and safety exposure and potential impact to human health of offshore workers, Shell does not perceive recovery of the riser … as a viable response option,” Shell Canada’s exploration manager said Friday in a letter to Canada-Nova Scotia Offshore Petroleum Board. read more

Shell Brings Christmas Magic To Fort McMurray Family

Sarah Rieger: Posted: 12/12/2016 6:15 pm EST

Shell Canada helped evacuate over 8,000 people from Fort McMurray’s wildfires in May. When the company heard about one family that still wasn’t back home, they decided to bring them some holiday cheer.

Mitzi Brydges and Adam Larocque were celebrating their youngest son’s second birthday when the wildfires hit their city and they were forced to flee. The family lost their home, and has been renting one in Beaumont, Alta. until they can rebuild. read more

Shell in talks to sell gas field offshore Ireland

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screen-shot-2016-11-09-at-20-26-36Written by Erikka Askeland – 05/12/2016 7:23 am

Shell is reported to be in talks to sells its stake in an Irish gas field to an Australian infrastructure fund.

Macquarie is understood to have approached the oil and gas giant over its 45% stake in Corrib, valuing it at around £1billion.

If a deal is struck, the sale will be part of Shell’s plan to offload $30billion of assets in the wake of its mega-merger with BG Group earlier this year.

It is uncertain what would happen to the operatorship of the field which started pumping gas at the end of last year. Other stakeholders in the field include Statoil and Canada’s Vermillion Energy. read more

Shell report hints giant pipe on sea floor off Nova Scotia will be abandoned

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Riser crumpled to ocean floor eight months ago during drilling for exploratory oil well

By Brett Ruskin, CBC News Posted: Dec 02, 2016 12:08 PM AT

A new report commissioned by Shell Canada shows it would be safer and easier for the company to abandon a multi-million-dollar two-kilometre pipe at the bottom of the ocean, instead of retrieving it.

The huge pipe — called a “riser” — crumpled to the sea floor eight months ago off Nova Scotia’s coast.

The riser had been used by the Stena IceMAX, a specialized ship hired by Shell Canada, to drill an exploratory well to search for oil. read more

Shell Canada President Michael Crothers says Canada should stick to its values

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Shell Canada President Michael Crothers (above) says “Canada should stick to its values and do something to protect the environment, regardless of what policy tack the incoming U.S. president takes.”

See CBC News article: Canada shouldn’t lose resolve for a carbon tax, says Shell exec (Published 29 November 2016)

This is the most breathtaking hypocrisy on the part of Shell and Mr. Crothers.

Shell is responsible for nightmarish pollution of the Niger Delta in Nigeria. It has already settled related litigation and more is underway: read more

Trump energised

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By Ed Crooks, November 11, 2016

“Between a battle lost and a battle won, the distance is immense and there stand empires,” said Napoleon. The same is true of elections.

Donald Trump may have come slightly behind Hillary Clinton in the popular vote for the presidency, but his convincing victory in the electoral college will give him the ability to reshape the energy industry in the US and around the world.

His hand will be strengthened by Republican control of Congress. Parts of Mr Trump’s agenda will face resistance in Congress, but his energy policy is unlikely to be one of those areas. His support for oil, gas and coal, his commitment to deregulation and his rejection of climate policy are all well aligned with mainstream Republican thinking. read more

Confidence in enlarged Shell-BG entity

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The week ahead in business and finance

By Tara Cunningham, business reporter: 30 OCTOBER 2016 • 11:41PM

Third Quarter Results: Tuesday, November 1

Confidence in enlarged Shell-BG entity was rattled after a very disappointing set of second quarter results, when it missed consensus forecasts by 52pc. Ahead of Tuesday’s interim results, analysts at UBS warned: “We don’t think it is reasonable to expect a significant uptick in earnings”.

Even though Royal Dutch Shell has a track-record of “volatile” quarters across the year, the bank highlighted that management have already been “quite explicit” in indicating that 2016 is likely to be “quite messy”. read more

Contractor fatally injured at Shell Canada Alberta frack site

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Written by Niamh Burns – 26/10/2016 7:35 am

An energy contractor working at a Shell Canada site has been killed in an accident, according to reports.

The 47-year-old was fatally injured in the workplace incident near Fox Creek, Alberta, on Sunday.

He was an employee of Secure Energy Services and was working at the Shell Canada site 260km northeast of Edmonton.

It’s understood the man had been struck by a hose.

An Occupational Health and Safety spokeswoman said: “The work site was situated by the side of a river and the workers were pumping water to a different location for wellsite activities. read more

Offshore drilling ‘incident’ a harrowing warning

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By PETER PUXLEY: Tues., Oct. 25, 2016

Shell Oil’s Stena IceMAX drill ship, drilling for oil on March 5th, two kilometres below the surface of the Atlantic on the edge of the Scotian Shelf, was the site of what regulators euphemistically call an “incident.”

Battling unexpectedly high waves, the drill ship crew successfully secured the well and disconnected the ship from the wellhead to protect the operation. Shortly after, the riser, a 2,100 metre-long protective series of 21-inch diameter pipes, each weighing 20 tonnes, broke free of the drill ship before it moved clear of the site. The riser pipes fell to the ocean floor missing the wellhead by a mere 12 metres. read more

Royal Dutch Shell – Additional Divestments In Order To Sustain The Dividend

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Oct. 21, 2016 10:17 AM ET

Summary

  • Shell is announcing further divestments, this time selling part of its shale operations in Canada.
  • These moves do little to address the giant debt load, although they allow for cash flow neutrality this year.
  • Asset sales, resulting in smaller operations, combined with shareholder dilution hurt the long term potential as management stubbornly tries to preserve the dividend.

Royal Dutch Shell (RDS.A) announced another round of divestments in order to keep leverage under control, even as oil prices have rebounded a bit in recent times. These modest divestments are countercyclical and hurt production quite a bit in relation to the proceeds. At best cash outflows come to a standstill this year following these moves, although they result in a smaller business going forward, while investors see dilution of the shareholder base in order to sustain the unsustainable dividend. read more

Shell divests non-core shale acreage in Western Canada for total consideration of US$1 billion

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Oct 20, 2016, 17:26 ET

CALGARY, Oct. 20, 2016 /PRNewswire/ – Royal Dutch Shell plc, through its affiliate Shell Canada Energy (“Shell”) today announced it has agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp. for a total consideration of approximately $1,037 million (C$1,369 million). The consideration is comprised of $758 million in cash and Tourmaline shares valued at $279 million. Subject to regulatory approvals the transaction is expected to close in the fourth quarter of 2016. read more

OPEC decision on daily oil output freeze to have no impact on Shell’s strategy Zoom

OPEC decision on daily oil output freeze to have no impact on Shell’s strategy

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September 29, 2016

Baku-APA. The Organization of the Petroleum Exporting Countries’ (OPEC) agreement to freeze daily oil output will not affect Royal Dutch Shell ‘s current strategy, a spokesman for one of the world’s largest oil companies told Sputnik on Thursday, APA reports quoting Sputnik.

On Wednesday, OPEC oil producing countries agreed a preliminary deal on the sidelines of an international energy forum in Algiers, Algeria. The output ceiling was set at 32.5-33 million barrels a day for the whole cartel.  read more

Shell Canada accident report: pipe fell to within 12 metres of oil well off N.S.

cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgCTV News: Shell Canada accident report: pipe fell to within 12 metres of oil well off N.S.

Michael Tutton, The Canadian Press

Published Wednesday, September 28, 2016 6:36PM EDT

HALIFAX — When heaving waters in the North Atlantic wrenched a string of massive steel pipes from a drilling ship off Nova Scotia’s coast, one of the 20-tonne sections of the plummeting coil struck the seabed just 12 metres from the top of an undersea oil exploration well.

The distance is one of several details in a Shell Canada accident report received through access to information legislation, prompting critics to say the entire incident was too close for comfort in an area near one of Atlantic Canada’s richest fishing grounds of the Scotian shelf. read more

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