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Posts under ‘Fracking’

Arctic Drilling: A Giant Gamble for the Planet and Shell’s Bottom Line

Kieran Cooke, Climate News Network | August 31, 201 Shell is betting on finding the oil industry’s Holy Grail: according to 2008 estimates by the U.S. Geological Survey, the Arctic contains more than 20 percent of the world’s remaining hydrocarbon resources—including at least 90 billion barrels of oil. If Shell does strike oil in big quantities […]

More and bigger drilling-linked earthquakes rattle Oklahoma

By Heide Brandes: 28 July 2015 OKLAHOMA CITY (Reuters) – Several earthquakes shook Oklahoma on Monday as the state experiences a sharp increase in the frequency of tremors linked to wastewater disposal from gas and oil drilling, including from fracking, state and federal officials said. Three of Monday’s quakes measured above a magnitude 4.0, with […]

UK fracking application rejected

An application to start fracking at a site on the Fylde coast in Lancashire has been rejected by councillors. Energy firm Cuadrilla wanted to extract shale gas at the Little Plumpton site between Preston and Blackpool. Lancashire County Council rejected the bid on the grounds of “unacceptable noise impact” and the “adverse urbanising effect on […]

U.S. Ousts Russia as Top World Oil, Gas Producer

Article by Rakteem Katakey published 10 June 2015 by Bloomberg.com The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields. U.S. oil production rose to a record last year, gaining 1.6 million barrels a day, according […]

Saudi Arabia Lets The World Drown In Oil

Article by Nathan Vardi: Forbes Staff: Friday 5 June 2015 To the surprise of nobody, Saudi Arabia and the other OPEC member states decided in Vienna on Friday to maintain production targets of 30 million barrels a day, making sure the world remains flooded with oil. The fact that OPEC—particularly the core countries of Saudi Arabia, […]

OPEC Seen Backing Saudi Arabia’s Plan to Keep Supplies Elevated

by Grant Smith and Maher Chmaytelli: Bloomberg.com: 27 May 2015 When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil, prices will be on its side. Crude plunged for eight of nine weeks prior to the group’s November gathering, when the kingdom faced down opposition from the […]

No Shell Arctic Oil Until 2030’s

By: MICHEAL KAUFMAN: Published: May 26, 2015  Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) head of oil and gas production in Americas, Marvin Odum has told the Financial Times (FT) in an interview that the company’s Arctic drilling operations would take at least a decade to extract oil reserves, which would then be sent to production. The […]

Shell’s Arctic voyage marks beginning of peak oil era

Shell’s Arctic voyage marks beginning of peak oil era Anglo-Dutch company’s search for resources in the Arctic is a sign that the world is running out of options for new oil reserves By Andrew Critchlow, Commodities editor In his critically acclaimed 2005 book ‘Twilight in the Desert’, the prominent oil economist Matthew R. Simmons predicted […]

Fracking lobby calls the tune on commission shale-gas panel

An article by PASCOE SABIDO, PUBLISHED BRUSSELS, TODAY, BY EUOBSERVER.COM 2015 is a big year for climate in Europe: the UN talks in Paris, this December; the implementation of the EU’s 2030 climate targets; mapping out the Energy Union. Judging by the European Commission’s public statements, one would think the EU was firmly on its […]

U.S. Maps Pinpoint Earthquakes Linked to Quest for Oil and Gas

“Predicting risk is also hard, the report noted, because there is no scientific consensus on just how powerful such quakes can be. The report estimated the effects of shocks up to magnitudes 6 and 7, while noting that some scientists have speculated that the catastrophic 7.9-magnitude earthquake in China in 2008 was caused by human […]

Shell’s Huge Gas Bet Underscores Big Oil’s Push to Replace Coal

Article by Javier Blas and Rakteem Katakey published 10 April 2015 by Bloomberg.com BP Plc coined the slogan “Beyond Petroleum.” The new industry mantra might be “Beyond Oil and Into Gas.” Oh, and while we’re at it, “Down With Coal.” Consider Royal Dutch Shell Plc’s recent $70 billion acquisition of BG Group Plc — clearly a huge bet […]

As Quakes Rattle Oklahoma, Fingers Point to Oil and Gas Industry

Article by Richard A. Oppel Jr. and Michael Wines published by The New York Times: As Quakes Rattle Oklahoma, Fingers Point to Oil and Gas Industry A version of this article appears in print on April 4, 2015, on page A1 of the New York edition PRAGUE, Okla. — Yanked without warning from a deep […]

New Federal Rules Are Set for Fracking

FROM AN ARTICLE BY CORAL DAVENPORT PUBLISHED IN THE NEW YORK EDITION OF THE NEW YORK TIMES ON 21 MARCH 2015 New Federal Rules Are Set for Fracking Extracts WASHINGTON — The Obama administration on Friday unveiled the nation’s first major federal regulations on hydraulic fracturing, a technique for oil and gas drilling that has […]

Non-U.S. Shales Prove Difficult to Crack

By JUSTIN SCHECK and SELINA WILLIAMS: WALL STREET JOURNAL March 18, 2015 11:20 p.m. ET Exxon, Shell and others are pulling back from once-promising shale finds in Europe, Asia After spending more than five years and billions of dollars trying to re-create the U.S. shale boom overseas, some of the world’s biggest oil companies are starting […]

Shell gets cold feet on SA shale-gas

FROM TIMES LIVE – SUNDAY TIME SA: ARTICLE BY LONI PRINSLOO 15 March 2015 Shell gets cold feet on SA shale-gas Multinational oil and gas company Royal Dutch Shell is pulling its top shale-gas man out of South Africa, an indication that companies are growing increasingly frustrated with government delays over shale-gas legislation. This week, […]

Fracking Earthquakes

From an article by AP Science Writer Seth Borenstein published 14 Feb 2015 by Associated Press under the headline:  “STUDY: OKLAHOMA’S DAILY SMALL QUAKES RAISE RISK OF BIG ONES” SAN JOSE, California (AP) — Small earthquakes shaking Oklahoma and southern Kansas daily and linked to energy drilling are dramatically increasing the chance of bigger and […]

Fracking failures lead to environmental harm

Comment: These events appear to have happened on Paul Goodfellow’s watch?: According to his current Linked-in profile Goodfellow was Shell VP Unconventionals from 2012-2013 FROM AN ARTICLE BY SUSY KELLY PUBLISHED 28 JAN 2015 BY THE HERALD-STANDARD UNDER THE HEADLINE: “Report: Fracking failures lead to environmental harm in area and state” Extract A report released […]

Exxon Mobil, Royal Dutch Shell, and Petrobras In Trouble?

By: MICHEAL KAUFMAN: Published: Jan 20, 2015 James Chanos is a renowned short-seller, hedge fund manager, and the founder of Kynikos Associates – an investment firm which specializes in short-selling. In an interview with CNBC last Friday, Mr. Chanos cited serious problems for some of the largest oil producers, leading him to short some major oil […]

Goodfellow or Badfellow?

By John Donovan There have been a number of posts on our Shell Blog by insiders welcoming the apparent departure of Paul Goodfellow, Vice President US Unconventionals for Upstream Americas. e.g. POSTING BY “F-150″ So, Christmas has finally arrived in The States with the announcement that Goodfellow is finally leaving. After seeing the havoc he […]

BP sees $50 oil for three years

BP can’t be immune to the upheaval. Today its job announcement is focused on the UK. But it won’t be long till it announces staff reductions in Houston, another of its important centres. Robert Peston article published by BBC News 15 Jan 2015 BP sees $50 oil for three years BP’s job announcement later today, […]

Will falling oil prices curb America’s shale boom?

This time some of the pain will be taken by the big integrated energy firms, such as Exxon Mobil and Shell. After a decade of throwing shareholders’ cash at prospects in the Arctic and deep tropical waters to little effect, they began cutting budgets in 2013. Extracts from an article published by The Economist on […]

Shell admits fracking failure in Ukraine

By John Donovan The Russian News Agency Tass is reporting that Graham Tiley, the country manager of Shell Ukraine has admitted in a meeting with a local high-ranking official that Royal Dutch Shell has failed to achieve the desired progress in the Yuzovka gas field in Ukraine’s east.  Tiley blamed the fracking failure on the situation in […]

DUTCH SEEK REVISED GAS DEAL WITH SHELL & EXXON

The Dutch government Minister of Economic Affairs, Henk Kapm, is seeking to renegotiate deals with Exxon Mobil and Royal Dutch Shell on the extraction and sale of Dutch gas. It seems reasonable to speculate that it is not his intention for the renegotiation to benefit the oil giants, who are joint owners of the Dutch […]

Long noses at Shell

Worthy winners of France’s fiercely contested ‘Prix Pinocchio’ 2014 were selected last night, recognising corporate greed, hypocrisy and malfeasance, based on a record vote since the awards began. Shell won hands down for the Pinocchio award category ‘One for all and all for me!’, with 43% of the vote, for the development of shale gas […]

Royal Dutch Shell News 15 Oct 2014

By John Donovan WHISTLEBLOWER ALLEGES ROYAL DUTCH SHELL TAX EVASION IN NIGERIA  A former manager of Shell Production Development Company in Nigeria has accused Shell of massive tax evasion. He also alleges that the Nigeria Economic and Financial Crimes Commission demanded a bribe from him as part of a related cover-up plan for Shell. The […]

Shale Fracking is a ‘Ponzi Scheme’

“Shale Fracking is a “Ponzi Scheme” … “This Decade’s Version of the Dotcom Bubble” By John Donovan A regular contributor has very kindly drawn my attention to an article published by GlobalResearch under the headline: “Shale Fracking is a “Ponzi Scheme” … “This Decade’s Version of the Dotcom Bubble” In making the case to support […]

ROYAL DUTCH SHELL PLC NEWS FRIDAY 19 SEPT 2014

By John Donovan Shell’s Arctic Drilling Plans  fuelfix.com has published an article about Shell’s latest plans for exploratory oil drilling in the Chukchi Sea, north of Alaska. The detailed article contains links to a document Shell has filed with the U.S. Bureau of Ocean Energy Management, a related federal court document and an exploration plan.  A lawyer […]

BP a better investment than Shell right now

Extracts from an article by David Thorpe published 22 July 2014 by What Investment under the headline: “M&G: BP is a better investment than Shell right now” Felton’s reason for not investing in Shell at present is that he believes the company has made a significant strategic blunder. ‘Shell has always been the high cost, […]

South African anti-fracking group threatens legal challenge

Extract from a Reuters article by Ed Cropley published 22 July 2014 under the headline: “UPDATE 1-S.African anti-fracking group threatens legal challenge” JOHANNESBURG, July 22 (Reuters) – A South African anti-fracking group threatened a legal challenge on Tuesday to government plans to grant shale gas exploration licences in the pristine semi-desert of the Karoo, saying […]

Shell ending investments in gas development project in Saudi Arabia

Reuters article published by ArabNews.com Monday 7 July 2014 DUBAI: Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia, complicating the top oil exporter’s efforts to exploit its huge gas reserves. The search for gas has been a priority for Saudi Arabia as it struggles to keep pace with rapidly […]

Shell sails ahead without UK shale

Extracts from an article by Andrew Critchlow published in The Sunday Telegraph on 6 July 2014 Shale gas is likely to play an increasingly important role in powering Britain’s growth but don’t expect the country’s largest oil and gas company, Royal Dutch Shell, to help create a fracking-led energy revolution. Andrew Brown, director of upstream international […]

Fracking earthquakes

Extracts from a BBC News article by Matt McGrath published 3 July 2014 under the headline: Wastewater from energy extraction ‘trigger US quake surge’ Massive injections of wastewater from the oil and gas industry are likely to have triggered a sharp rise in earthquakes in the state of Oklahoma. Researchers say there has been a […]

Ukraine Discomfort for Shell and Chevron

Shell entered into the deal in 2013 with then Putin puppet President Viktor Yanukovych, before he was ousted. As can be seen in the FT article, Shell and Chevron are now both trying to hide behind claimed business principles. Its a bit late for that. By John Donovan The Financial Times has published an article […]

Chevron Cancels Bulgaria Fracking, Shell Postpones Ukraine Plans

Extracts from a CorpWatch article by Richard Smallteacher publish 12 June 2014 Fracking for oil and gas across Europe has suffered a series of setbacks with Chevron closing its offices in Sofia, Bulgaria, and Shell postponing fracking plans in the Ukraine by at least two years. Meanwhile the French government is standing firm in its […]

Fracking Irony

Extract from a Dallas Observer article by Amy Silverstein published 21 Feb 2014 under the headline: Exxon CEO Rex Tillerson is Suing to Stop a Fracking Development Outside Dallas Just a few days after the Weather Channel published a damning, in-depth report documenting how natural gas drilling is wreaking havoc on Texas’ air quality, a […]

Upstream and Downstream – always oil and water

When I retired I was presented with a small silver Shell emblem which I still wear with pride from time to time. It once stood for excellence in marketing and was one of the world’s most familiar brand symbols. Now it’s a bit of a collectors item symbolising a world that has long gone… By […]

Jury Awards Texas Family $2.9M For Fracking Nuisance

CLICK ON IMAGE TO ENLAGE Extract from an article by Jess Davis published 23 April 2014 by LAW360 under the headline: “Jury Awards Texas Family $2.9M For Fracking Nuisance Claim” read more

Fracking earthquakes

Extract from an article by Carey Gillam published by Reuters, 5 April 2014, under the headline: Series of small earthquakes rock Oklahoma in record seismic activity (Reuters) – Earthquakes rattled residents in Oklahoma on Saturday, the latest in a series that have put the state on track for record quake activity this year, which some […]

US now pumping 10 percent of the world’s crude

Extracts from an article by Emily Pickrell published 26 March 2014 by fuelfix HOUSTON — Boosted by the galloping pace of tight oil operations, the United States produced a tenth of the world’s oil at the end of last year, the Energy Information Administration reports. The shale boom has given the U.S. a production rate […]

‘Orphan’ oil wells warning for fracking

By James Morgan Science reporter, BBC News 24 March 2014 Plans to expand shale gas “fracking” in the UK must learn from leaks and poor monitoring at existing onshore oil and gas sites, scientists say. A review of 2,152 wells drilled from 1902-2013 found up to 100 “orphaned” wells for which no firm is responsible. […]