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Shell standing down emergency response over Gulf fire

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Shell has stood down its emergency response activities over a fire on its Enchilada platform in the Gulf of Mexico. On Saturday an assessment team confirmed the isolation of the platform from the 30-inch gas export pipeline which was thought to be at the centre of the blaze which broke out last week. The team also found no presence of ‘uncontained’ hydrocarbons. The supermajor is in the process of developing a plan for repairing the damaged portions of the asset and re-deploying personnel. There is no timeline to resume normal operations. More than 70 people from Shell and the United States Coast Guard worked together to respond to the incident. FULL ARTICLE read more

SHELL NEWS STORIES POSTED 10 NOVEMBER 2017

FIVE SHELL NEWS STORIES POSTED FRIDAY 10 NOVEMBER 2017

Shell confirmed to Reuters it had sought the change… Shell spokesman Frank van Hoorn said there was nothing secret or nefarious about Shell’s lobbying for the change…

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FULL ARTICLE

FULL ARTICLE

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Oil majors BP and Shell are closing in on realising key objectives for production and fundraising, an analyst has said.

FULL ARTICLE

Shell has no timeline for restarting normal operations on a platform which was shut down in the US Gulf of Mexico due to a fire, a news report said.

FULL ARTICLE read more

Shell partially downmans Brent Bravo due to weather

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Oil major Shell has taken 60 people off the Brent Bravo platform in the North Sea.

The firm said that “poor weather” was impacting delivery of diesel.

This resulted in a partial downmanning as a “precautionary measure”, the operator said.

A spokesperson for Shell UK said: “Shell UK can confirm that 60 personnel from the Brent Bravo platform have returned to shore as a precautionary measure.

“Poor weather has impacted the delivery of diesel and we are working to reinstate supplies as soon as possible, weather permitting.” read more

News stories on Royaldutchshellgroup.com 6 November 2017

ALL OF THE THREE ARTICLES ABOVE CAN BE READ HERE

Shell completes North Sea sale, creates new basin heavyweight

Shell this morning finalised its $3.8billion North Sea deal with Harbour Energy-backed Chrysaor Holdings.

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The package of assets consists of Shell’s interests in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Area, the Greater Armada cluster, Everest, Lomond and Erskine, plus a 10% stake in Schiehallion. The deal includes an initial consideration of $3billion and a payment of up to $600m between 2018-2021 subject to commodity price, with potential further payments of up to $180m for future discoveries.

The transaction was backed by private equity fund EIG Global Energy Partners, through its Harbour Energy joint venture with Asian commodity group Noble. Through the acquisition, Chrysaor becomes the leading independent oil and gas company in the UK North Sea. read more

Shell completes onshore sell-off

Shell today completed its sale of Gabon onshore interests for $628million.

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The deal is the latest in a string of divestments as the oil major zeroes in on its target of $30billion worth of divestments. The deal with Assala Energy will see the new owner assume debt of $285million. The transaction will result in a total post-tax impairment for Shell of $151million. Of this impairment, $53million was taken in Q1 2017, $98million will be taken in Q3 2017 with a final reconciliation to be reflected in Q4 2017. FULL ARTICLE read more

Clock ticking down on deadline for Shell Springboard entries

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Entrants will be competing for a green cash pot containing £350,000, with the national winner to receive £150,000. A further five regional winners will each get £40,000 of no-strings attached funding.

They will also be given access to academics and investors whose advice can help grow their enterprises. The cut-off date for applications falls on November 6.

Former winners include Edinburgh-based tidal energy technology developer Nova Innovation. Shell UK country chair Sinead Lynch said: “Since 2005, Shell Springboard has provided £4million of equity-free funding to almost 100 innovative low-carbon enterprises in the UK. FULL ARTICLE read more

Shell submits new plans for Fram field development

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Shell is targeting first gas from the field, which lies 136miles east of Aberdeen, in the second quarter of 2020. The company intends to develop the gas and gas condensate field via a tie-back to the Shearwater platform 20 miles away. The submission of the plans comes about two months after Shell chief executive Ben van Beurden said the company was committed to the North Sea, despite agreeing to sell a package of assets in the basin to Chrysaor earlier this year. FULL ARTICLE read more

Shell served improvement notice over gas leak blunder

Offshore workers were exposed to the risk of fire and explosion after blunder led to a gas leak on a southern North Sea installation.

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The uncontrolled release took place on the Barque PB, a normally unmanned platform, on July 19.

Around 138kg of flammable hydrocarbon gas was released from pipework connected to the vessel V2000, according to the Health and Safety Executive.

A subsequent probe found that flammable gas had been used to leak test the pipework instead of inert nitrogen gas – which was available.

Failings were found in the arrangements for the effective planning, organising and control for the reinstatement of the pipework. read more

Shell’s Ben van Beurden: Oil vs Uber in the battle of reputations

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But it wasn’t oil price, or strategy that landed him prime time interviews. Instead, it was the comment that his next car would be electric. “It wasn’t a planned remark, it just came out,” he said. “But it shows how charismatic renewables and electricity is at the moment, much more charismatic than gas and definitely much more charismatic than oil.” A perception that oil and gas have a shrinking role to play is one the industry needs to address head-on. “If you really want to be charismatic about what needs to happen in a big way you would focus on gas,” he said. And that includes an education around renewables. FULL ARTICLE read more

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