Royal Dutch Shell Plc  .com Rotating Header Image

Posts under ‘Environment’

Shell News Headlines 23 May 2017

Shell to sell C$4.1 billion stake in Canadian Natural -sources: REUTERS/DAILY MAIL: 23 May 2017

Royal Dutch Shell Plc has decided to offload a roughly C$4.1 billion ($3 billion) stake in Canadian Natural Resources Ltd (CNRL) that it acquired as part of a deal to retreat from Canada’s oil sands earlier this year, people familiar with the situation told Reuters.

Shell defeats activist uprising as it faces down rising climate concerns: THE TELEGRAPH: 23 MAY 2017

Royal Dutch Shell has convincingly defeated a climate activist uprising after facing down one of its most bitter stand-offs with shareholders over its climate goals. Around 94pc of shareholders voted down a special resolution calling for the oil giant to set and publish annual targets to reduce carbon emissions at its AGM in the Hague on Tuesday. The board also survived a vote on executive pay which was backed by 93pc of shareholders.

read more

Gas leak shuts Brent Charlie North Sea platform

NE Scotland, Orkney & Shetland: SAT 20 MAY 2017

The oil company Shell has said it shut down a platform in the North Sea after a gas leak.

The leak was detected on Friday on the Brent Charlie platform, 115 miles north-east of Shetland.

Production has been stopped and 31 non-essential personnel are being flown home as a precaution. Shell said the leak had been stopped and an investigation was under way.

The Brent Charlie had 176 people on board at the time.

A Shell spokeswoman said: “Following a gas detection alarm, production was shut down and the platform called to muster. The source of the leak has been safely detected and isolated, and a full investigation into the cause will be completed.

read more

Gas leak shuts down Shell North Sea oil platform

Emma O’Neill: SATURDAY 20 MAY 2017

The leak happened on the Brent Charlie platform, 115 miles north-east of Shetland.

A gas leak has lead to a North Sea oil platform being shut down.

The gas detection alarm was set off on Friday morning on the Brent Charlie platform, causing all non-essential workers to be evacuated.

There were 176 people platform at the time, with 31 being evacuated. There are no reported injuries.

Production has been ceased while an investigation is underway.

A Shell spokeswoman said: “Following a gas detection alarm, production was shut down and the platform called to muster. The source of the leak has been safely detected and isolated, and a full investigation into the cause will be completed.

read more

Investors to press Shell over climate pay policy small print

By Ron Bousso

LONDON, May 17 (Reuters) – Investors are pushing oil giant Royal Dutch Shell to explain the finer details of its plan to link executives’ bonus pay to lowering carbon emissions, urging more transparency as the world shifts away from fossil fuels.

Shell was hailed by investors as a pioneer among the world’s biggest fossil fuel producers when it announced the policy to tie 10 percent of executives bonuses to cutting greenhouse gas emissions, which will be voted on at a May 23 annual general meeting in the Hague.

read more

EARTHQUAKE WARNING TO SHELL SHAREHOLDERS

The following information is taken directly from Shell’s Annual Report for the year ended December 31, 2016

RISK FACTORS

From page 14

Production from the Groningen field in the Netherlands continues to cause earthquakes that affect local communities.
Shell and ExxonMobil are 50:50 shareholders in Nederlandse Aardolie Maatschappij B.V. (NAM), which Shell operates. An important part of NAM’s gas production comes from the onshore Groningen gas eld, in which EBN, a Dutch government entity, has a 40% interest and NAM a 60% interest. Production from the Groningen eld has caused earthquakes in the past which are expected to continue. The earthquakes have caused damage to houses and other structures in the region and complaints from the local community. Additional earthquakes could have a material adverse effect on our earnings, cash ows and nancial condition. Since 2013, the Minister of Economic Affairs (Minister) has imposed a cap on production from the Groningen eld in order to reduce the impact of the earthquakes on the neighbouring communities. In September 2016, the Minister approved the production of 24 billion cubic metres per annum from the Groningen eld until October 1, 2021. At the request of the Dutch parliament, the Minister will review annually whether new circumstances have arisen that call for a further reduction of the production. The rst such annual review is expected by October 1, 2017.

read more

SHELL REPUTATIONAL RISKS

SHELL REPUTATIONAL RISKS

How fortunate that Shell has not got itself mired in any murky activity. e.g. paying hundreds of millions to a Nigerian crook, putting profits before safety with induced earthquakes in The Netherlands, terrorising safety staff in Norway, spying globally on its own employees, or engaging in widespread bribery and corruption in Ireland. None of that could possibly happen. Same applies to the oil and gas reserves fraud, which Donny Ching, to his credit, has not forgotten

The following information is taken directly from Shell’s Annual Report for the year ended December 31, 2016

From page 14

An erosion of our business reputation could have a material adverse effect on our brand, our ability to secure new resources and our licence to operate.

read more

CURRENT LITIGATION INVOLVING SHELL

The following information is taken directly from Shell’s Annual Report for the year ended December 31, 2016

PESTICIDE LITIGATION

Shell Oil Company (SOC), along with other agricultural chemical pesticide manufacturers and distributors, has been sued by public and quasi-public water purveyors alleging responsibility for groundwater contamination caused by applications of chemical pesticides. Most of these law suits assert various theories of strict liability and seek to recover actual damages, including water well treatment and remediation costs. All of the suits assert claims for punitive damages. There are approximately 30 such cases pending. Based on the claims asserted and SOC’s track record with regard to amounts paid to resolve varying claims, management does not expect that the outcome of these suits pending at December 31, 2016, will have a material impact on Shell, although no assurance can be provided.

read more

Shell shale oil gamble?

Shell recently announced a $300 million investment in a shale oil operation in Argentina: Shell opens treatment plant in Argentina shale play. Shell is developing controversial tight and shale oil and gas operations globally despite the significant financial and environmental considerations involved. Is this wise, or a sign of desperation? Shell is already on shaky ground with the NAM/Groningen project. There is a nice summary below of what we in the oilpatch already knew for years. Production from fracced wells (in a shale like in the US) declines very fast. A well in the Middle East in a high permeable reservoir typically declines 3-10% per year.

Shale oil declines 35-50% per year. You need to keep drilling faster and faster until you go bust…..

And when the costs are high and returns are marginal, corners will be cut and other problems start. Polluted aquifers, operators going bust so who will clean up the mess?

US shale oil will keep prices low – will it ??

Give this 5 mins – it’s fun.

Excellent website link below, with great interactive charts on how the shale wells in US are doing.

These were supposed to keep the oil price low remember?

read more

Selection of current Shell new articles

Nigeria Seizes Foreign Vessel for Alleged Theft of Shell Crude: Bloomberg: 27 April 2017

Nigeria detained a vessel with crew members from countries including Pakistan, Indonesia and Ukraine for alleged theft of crude from a facility owned by Royal Dutch Shell Plc, the navy said.

Bar, business groups back Cravath on fighting disclosure of Shell documents: Reuters 27 April 2017

The New York City Bar Association has joined the U.S. Chamber of Commerce in backing law firm Cravath Swaine & Moore in its appeal of an order to turn over documents belonging to client Royal Dutch Shell plc in a possible overseas lawsuit accusing the oil giant of facilitating human rights violations.

Shell Signs Oil Exploration Cooperation Deal In Oman: OilPrice.com: 26 April 2017

Royal Dutch Shell and Oman Oil Company Exploration & Production (OOCEP) have signed a Heads of Agreement for cooperation in resource exploration in an oil and gas block in Oman, the Omani company said on Twitter on Wednesday.

read more

The business ethics of Shell and Malcolm Brinded

By John Donovan

It is timely, given current OPL 245 events involving the integrity of Malcolm Brinded and Shell, to remind ourselves of his 6-page letter to Vince Cable a few years ago in his then capacity as UK Secretary of State for Business, describing Cable as the “contact minister for Shell”. Even if just an attempt to be jocular, the description was inappropriate. Since Vince Cable was once Shell’s Chief Economist, an approach on that basis, attempting to exploit his past relationship with Shell was entirely improper and created a clear conflict of interest on the part of the minister. Brinded was trying to persuade Cable to support Shell’s views in relation to the European Fuel Quality Directive. It is obvious from the content of the first paragraph that Shell was already exploiting to the hilt the fact that Cable was a past Shell man. The oil giant was trying to improperly influence/control the UK government just as it was doing with the corrupt Nigerian government.  

read more

Potent carcinogen contaminated drinking water used by millions, says report

Abigail Elise: National Curator. Apr 20, 2017

WASHINGTON — Shell Oil Co. and Dow Chemical hid a cancer-causing chemical in two commonly-used pesticides that contaminated the drinking water of millions of people in the state of California, according to lawsuits detailed in a report from the Environmental Working Group earlier this month. TCP, a poisonous insecticide gas, was used for decades in the pesticide Telone, made by Dow, and D-D, made by Shell.

FULL ARTICLE

Court orders Shell-Exxon criminal probe over Dutch gas quakes

%d bloggers like this: