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Shell confirms award of 39 North Sea exploration blocks

Shell confirms award of 39 North Sea exploration blocks

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Oil giant Shell today confirmed it had acquired 39 North Sea exploration blocks as a part of the 30th Offshore Licencing Round.

In a statement, Shell said that the 39 blocks break down as 11 operated and 28 non-operated blocks within the North Sea.

Data from the Oil and Gas Authority (OGA) shows that Shell has acquired two operational blocks within the west of Shetland, five within the Central North Sea (North) and further four within the Central North Sea (South).

A Shell spokesperson said “Shell UK can confirm that on 23 May 2018, we were awarded 39 exploration blocks, 11 operated and 28 non-operated, by the UK Oil and Gas Authority (OGA) in the 30th UK Licensing Round. The acreage was applied for on 21 November.” read more

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Shell and BP may face further shareholder opposition at AGM

Shell and BP may have to face down shareholder opposition to their chief executives’ pay packets at their annual general meetings next week.

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And for the third year in a row, Shell investors will vote on a resolution asking the company to set clear goals for meeting climate change targets.

Recommendations by the Institutional Shareholders Services (ISS) once again focus heavily on the pay of top executives at the energy giant, with ISS raising concerns over the 80% rate of bonus delivered to the CEO of Shell despite only reaching 70% on sustainable development targets.

Similarly, investors advisory firm Pensions and Investment Research Consultants (PIRC) continued to caution shareholders against sanctioning BP chief executive Bob Dudley’s remuneration package, which it called “excessive” in 2017 as it soared by more than £1 million to £9.5m. read more

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Total, Shell in gas development deal with Oman

Two oil majors have struck a deal with Oman over the development of natural gas resources in the Middle Eastern state.

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Total and Shell, as operator, will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25% and 75%. They aim to produce of around 500million cubic feet of gas per day, rising to 1billion at a later stage. Total will use its share to develop a regional hub for supplying LNG as a fuel to marine vessels. Arnaud Breuillac, president, exploration and production at Total, said: “We are pleased to sign this MoU with the Sultanate of Oman that will give us access to new gas resources and the opportunity to develop an integrated gas project. FULL ARTICLE read more

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‘We need to change, and that is what Shell is going to do’, says UK chair

Sinead Lynch, UK country chair for Shell, said yesterday that the oil giant knows that it “needs to change” in the coming energy transition, and “that is what Shell is going to do”.

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As part of a panel at the All-Energy conference in Glasgow, Ms Lynch said that Shell was part of a movement within the industry which was recognising the energy transition and that Shell was “beginning that change”. She said: “Shell has a deep history and deep roots across Scotland, in our upstream business where we have been investing in and producing from the North Sea for 50 years. But also in our downstream business where we have been producing a number of downstream products to our customers here for almost a 100 years, and that’s a range of products that’s beginning to change. FULL ARTICLE read more

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Shell to transition from oil when it ‘makes commercial sense’

Oil giant Shell said today that it will continue to “sell the oil and gas that society needs” but is also positioning itself to transition further into low-carbon energy when it “makes commercial sense”.

Shell’s Energy Transition Report outlines the firm’s continued commitment to oil exploration while setting out its strategy for the future changes in the energy sector. The oil company said that it estimates that 80% of its current proven oil reserves “will be produced” by 2030, and only expects to see 20% production after that time. In today’s report, Shell said outlined that it will look to invest up to £3.5billion in conventional oil and gas and the same amount again in oil products, while also investing up to £1.4billion in new renewable energies. FULL ARTICLE read more

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Shell pays out £41billion to governments globally in 2017

The firm also drew attention to a number of safety incidents in 2017 which it is working to address and provide support to victims for, including oil spills and theft in Nigeria, earthquakes in Groningen and a road tanker disaster in Pakistan.

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Allister Thomas read more

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Consortium including Shell given £8.8million grant to improve use of hydrogen vehicles

A consortium including energy giant Shell has won a multi-million pound government grant to improve use of hydrogen vehicles in the UK.

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The Department for Transport has awarded £8.8million in funding, with £4.3million going to clean energy firm ITM Power. It will use the funds to create four new hydrogen refuelling stations in the UK, and upgrade five existing ones to help support a larger fleet of hydrogen fuel cell electric vehicles. ITM Power is joined by Shell, Toyota, Honda and Hyundai in the consortium. The government funding will be also be used to create nearly 200 clean energy vehicles which will be used by taxi drivers and the police. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Aberdeen students designing hydrogen vehicle for Shell eco-marathon

Students from the University of Aberdeen are designing a hydrogen-fuelled car as they prepare to compete against teams from around the world in Shell’s Eco-marathon.

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The challenge sees students design, build and test energy-efficient cars to see which vehicle can go furthest with the least fuel. Aberdeen’s Team ProtoAU has made it through several qualifying stages and will compete in the finals in London in July. Their 20-strong group of engineering and business students will now work on building a car to compete in the prototype class, which is being constructed in the university’s Fraser Noble building, home to the School of Engineering. FULL ARTICLE read more

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Groningen production restrictions to prove costly for Dutch government, says WoodMac

Planned production cuts to the Europe’s largest gas field is to cost the Dutch state-run Enrgie Beheer Nederlands $5billion over the life of the field as well as cause the continent to look elsewhere for supply, according to analysts Wood Mackenzie. Groningen has been a major global asset for operators Shell, ExxonMobil and Energie Beheer Nederlands. There have been a series of powerful earthquakes in recent years around the Groningen field brought on by gas mining, with a tremor last month registering 3.4 magnitude – the most powerful to hit since 2012. FULL ARTICLE read more

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Shell can still grow in ‘rejuvenated’ North Sea, CEO says

Shell’s boss said yesterday that the North Sea is showing signs of “rejuvenation” and can provide the oil major with more room to grow.

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Doubts about Shell’s commitment to the UK were raised last year when it agreed to sell a package of assets to Chrysaor. But last month the Anglo-Dutch energy giant announced its decision to invest in redeveloping the Penguins area, 150miles north-east of Shetland. The project will involve the construction of Shell’s first new manned installation in the northern North Sea in almost 30 years. Chief executive Ben van Beurden said yesterday that the Penguins decision was “important” for Shell. FULL ARTICLE read more

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Shell shielded from Forties fallout by ‘internationalisation’, North Sea sales

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Shell is performing “extremely well” at a time when Brent crude is at its highest price for three years, the oil giant’s upcoming fourth quarter results will show. The Anglo-Dutch major is in its strongest position for many years in terms of its cash generation thanks to its upstream and LNG businesses, analysts said. RBC Capital Markets anticipates Shell’s fourth-quarter adjusted net income will more than double year-on-year. The company recorded adjusted earnings of £1.3billion in Q4 2016. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell reprimanded over Brent Bravo leak

The UK’s workplace safety watchdog has reprimanded Shell following a gas leak on the Brent Bravo platform in November.

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The Health and Safety Executive (HSE) said Shell has failed to “prevent the uncontrolled release of flammable or explosive substances”.

Its inspector accused the oil major of failing to ensure valves on the rig were kept in “efficient working order and in good repair”.

Shell has been given until March 8 to comply with the improvement notice.

A spokesman for Shell UK said: “Shell UK can confirm that we were issued with an HSE improvement notice on 8th December 2017 in relation to a small hydrocarbon release on our Brent Bravo platform in the North Sea. read more

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Shell hit with HSE improvement notice at St Fergus

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Energy giant Shell has been ordered to improve its safety procedures at the St Fergus plant near Peterhead.

The UK Health and Safety Executive (HSE) said the company had failed to made “adequate arrangements” to ensure that “emergency shutdown and emergency depressurisation valve actuators” were maintained in an “efficient state and effective working order”.

HSE initially gave Shell until December 21 to comply with the improvement notice, but the deadline has now been extended to February 28.

A spokeswoman for Shell said: “We can confirm that we have been issued with an improvement notice on 23rd November 2017 in relation to the maintenance of emergency shutdown valves at our St Fergus plant in North East Scotland. read more

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Shell North Sea Lifeboats Dangerous Farce No. 3 

By John Donovan

A lifeboat has fallen off the Shell Brent Alpha platform in the North Sea Brent field. See EnergyVoice.com article below: “Shell launches investigation after lifeboat plunges from platform”.

In March 2008, Shell made itself the object of derision when it was discovered that two lifeboats on the Brent Bravo platform in the Brent field were unseaworthy. The problem was similar in nature to the latest dangerous fiasco, involving faulty lifeboat clutches and how the lifeboats were secured on the platform.  read more

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Shell shuts down Shearwater, Nelson platforms amid Forties closure

Oil major Shell said today that it had suspended production on two of its North Sea platforms due to the Forties pipeline shutdown.

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Owner Ineos has said it will take “weeks rather than days” to fix the leak, which was detected during a routine inspection at Netherley last week.

The 235-mile pipeline system links more than 80 North Sea field to the UK mainland and the Ineos site in Grangemouth. It delivers almost 40% of the UK’s North Sea oil and gas production.

Ineos completed a deal to buy the system from BP for up to £190million ($250million) at the end of October. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

EnergyVoice.com Shell news articles 6 Dec 2017

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
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