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Posts under ‘Gas’

Not Deterred By Huge Risks, Shell Opts For Megaprojects

It is curious then that Royal Dutch Shell is not ready to give up on the huge complex oil project. It is only a few weeks away from starting to drill in the Chukchi Sea, a campaign that has cost the company somewhere in the neighborhood of $7 billion so far, with very little results […]

In the Race to Control the Arctic, the U.S. Lags Behind

BY BOB REISS 7/6/15 It was just after Christmas 2012, and the Kulluk, a 250-foot-high, floating oil-drill rig, swung like a metronome in gale-force winds blowing through the Gulf of Alaska. The tug that had been towing the rig bobbed helplessly in 50-foot waves, her four diesel engines flooded with seawater as the rig’s skeleton […]

World’s Largest Turret Mooring Ready for Prelude

By Wendy Laursen 2015-07-05  Drydocks World has marked a major milestone by completing the world’s largest turret mooring system. At almost 100 meters high, weighing over 11,000 tons and with a diameter of 26 meters, the turret will ensure Shell’s Prelude floating liquefied natural gas (FLNG) facility can operate safely in the most extreme weather […]

Logistics and Lizards Disrupt Chevron’s Project Off Australia

Chevron agreed to share the cost with Exxon Mobil, Shell and three Japanese power companies, Osaka Gas, Tokyo Gas and Chubu Electric Power. “This is probably the last of the megaprojects for the oil companies for a while…” By A. ODYSSEUS PATRICK: JULY 3, 2015 SYDNEY, Australia — Getting anything to Chevron’s gas-processing plant on Barrow Island […]

EPA turns down oral hearing request on Corrib gas project licence

EPA turns down oral hearing request on Corrib gas project licence Lorna Siggins: Friday, 3 July 2015 The Environmental Protection Agency (EPA) has turned down requests for an oral hearing into a revised licence sought by Shell E&P Ireland for the Corrib gas project in north Mayo. The revised licence covering atmospheric and marine emissions […]

Shell awards contracts for its $40bn Browse project

Written by Rita Brown – 03/07/2015 Shell has awarded the Technip Samsung Consortium two contracts for its $40billion natural gas project in Australia. Shell’s Browse project covers the installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin. Shell, which has a 27% interest in the scheme, will […]

The lessons for all from the Corrib Gas project in North Mayo

The lessons for all from the Corrib Gas project in North Mayo Major infrastructure that is years behind schedule and massively over budget Wednesday, 1 July 2015 The Corrib Gas project represents a cautionary example of how large industrial developments should not be handled by governments or multinational companies. A lack of consultation and sensitivity […]

Irish Company Freely Admits Distributing Bribes On Behalf of Shell

PHOTO CAPTION FROM RECENT IRISH TIMES ARTICLE: Bríd McGarry, a Mayo landowner, and Mary Corduff, wife of jailed farmer Willie Corduff, after five Mayo farmers were jailed in 2005 for refusing to give an undertaking not to obstruct the construction of the Corrib gas pipe line. Photograph: Alan Betson/The Irish Times Printed below is a […]

Shell says could begin Arctic oil exploration off Alaska in late July

Shell says could begin Arctic oil exploration off Alaska in late July SEATTLE/WASHINGTON | BY ERIC M. JOHNSON AND TIMOTHY GARDNER: Mon Jun 29, 2015 Royal Dutch Shell could begin drilling for oil in the Arctic off Alaska as early as the third week in July, when it expects sea ice to begin clearing, a […]

Corrib gas cost overruns deprive State of €600m in tax

Corrib gas cost overruns deprive State of €600m in tax The €2.4 billion cost overrun is largely as a consequence of opposition to the project, which was stimulated in part by poor management of it at its outset. Peter Murtagh: Tuesday 30 June 2015 The huge cost overrun on Corrib gas, the single most expensive […]

Royal Dutch Shell Seeks Funding For Carbon Capture Project

By: MICHEAL KAUFMAN: Jun 29, 2015  Global warming concerns have been receiving more and more media attention, as major oil companies also plan to address the issue, considering its potentially adverse effect on the environment. Goldeneye, an abandoned offshore natural gas production platform that is connected to the Scottish coast via a 100 kilometer long pipeline, […]

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 […]

Corrib gas: Black starts, intelligent pigs and the mechanics of extraction

Corrib gas: Black starts, intelligent pigs and the mechanics of extraction Peter Murtagh: Monday, 29 June 2015 The mechanics of extracting gas from the Corrib field appear simple enough. It is only when one gets into the detail of the engineering that the complexities emerge. This is an environment in which a relatively small number […]

The Corrib legacy: what the protests achieved

The Corrib legacy: what the protests achieved A rerouting of the pipeline and greater public awareness of how Ireland treats its natural resources were among the positive outcomes of the Shell to Sea, campaigners say Bríd McGarry, a Mayo landowner, and Mary Corduff, wife of jailed farmer Willie Corduff, after five Mayo farmers were jailed […]

The Shell Corrib impact: business boomed and friendships died

The Corrib impact: business boomed and friendships died As the gas is about to be brought onshore, Peter Murtagh takes a tour of the Corrib gas plant and speaks to people affected by its arrival. SAT, Jun 27, 2015 Gas is expected to come later this year to the Shell terminal in Bellanaboy, Co Mayo, […]

Shell Executives Visit Tehran for Projects If Sanctions End

by Javier Blas 24 June 2015 Royal Dutch Shell Plc executives have visited Tehran to discuss possible partnerships, the latest sign that the largest oil companies are serious about returning to Iran once a deal on the country’s nuclear program is done. The meeting with Iranian officials covered its outstanding debt to National Iranian Oil Co. […]

Exxon Mobil Corporation, Royal Dutch Shell Dealt A Blow As Dutch Govt. Cuts Groningen Production

Exxon Mobil Corporation, Royal Dutch Shell Dealt A Blow As Dutch Govt. Cuts Groningen Production The Dutch government has decided to cut production from its Groningen gas field after a series of earthquakes led to heightened safety concerns By: MICHEAL KAUFMAN: Published: Jun 24, 2015 Responding to a series of earthquakes in the northern parts of […]

Dutch government cuts Groningen gas field production

Dutch government cuts Groningen gas field production By Carl Surran: 23 June 2015 The Dutch government has ordered a further tightening of production at Groningen, Europe’s largest gas field, in response to earthquakes that have caused extensive property damage in the Netherlands’ northernmost province. Production at the field will be capped at 13.5B cm in […]

BG-Shell takes first step towards Brazilian blessing

The £47bn blockbuster deal has been officially filed with competition regulators in Brazil, a key hurdle and strategic area for Shell’s interest By Ashley Armstrong: 6:38PM BST 23 Jun 2015 Shell’s £47bn plan to become the world’s biggest gas producer has moved a step closer to reality after the oil giant officially filed its takeover of […]

Warning on Shell megadeal

JOHN DAGGE: HERALD SUN: MELBOURNE: JUNE 24, 2015 ONE of Australia’s biggest plastic makers has added its voice to concerns about Shell’s planned takeover of BG Group, saying further consolidation in the gas industry will likely harm manufacturers.  Melbourne-based Qenos has also attacked Victoria’s ban on onshore oil and gas drilling, saying the restriction put at risk a […]

Gazprom lays bare West’s vulnerability

Royal-Dutch Shell is teaming up with Gazprom on several projects despite Western sanctions on Russia. The expanded partnerships fly in the face of European and American sanctions which ban joint ventures with Russian energy companies. 23 June 2015 Europe’s efforts to reduce dependence on the Russian energy have been dealt a new blow after reports […]

Anchorage Residents Hold ‘Keep Shell Out of the Arctic!’ Rally

Anchorage Residents Hold ‘Keep Shell Out of the Arctic!’ Rally Kirby Spangler Jun 22, 2015 Anchorage, Alaska – Following weeks of demonstrations in Seattle protesting Royal Dutch Shell’s Arctic Drilling program, Anchorage residents gathered on the corner of Northern Lights and Minnesota at a local Shell gas station to join the international chorus speaking out […]

Gazprom-Shell Partnership Flies In The Face Of Sanctions

Charles Kennedy: Mon, 22 June 2015 Russian energy giant Gazprom is building up a global portfolio with a western oil major. Gazprom and Royal Dutch Shell are teaming up on several energy projects that will benefit both. The two energy companies have agreed to build an expansion of the Nord Stream Pipeline, a major natural gas […]

JPMorgan UK Strategic Growth fund sells Shell

By Eleanor Lawrie The JPMorgan UK Strategic Growth fund has sold out of Royal Dutch Shell as the oil and gas sector is hit by weak prices and disappointing earnings. read moreLike this:Like Loading…

Are European Companies Ignoring E.U. Sanctions On Russia?

Are European Companies Ignoring E.U. Sanctions On Russia? Kenneth Rapoza: 22 June 2015 …some very powerful entities in the E.U. have had it with sanctions. For example, Gazprom, Shell, E.ON and Austria’s OMV Group signed a memorandum last Thursday… It’s been nearly a year since sectoral sanctions were slapped on Russia for its involvement in helping […]

Gazprom set to build global strategic alliance with Shell

A Gazprom logo is displayed above its headquarters in Moscow. Gazprom is building a global strategic alliance with energy major Royal Dutch Shell that will include asset swaps and allow the Russian gas giant to penetrate new markets. The deal with Shell is a coup for Gazprom at a time when many Western companies are […]

Exclusive – Gazprom building global alliance with expanded Shell

  Exclusive – Gazprom building global alliance with expanded Shell The deal with Shell is a coup for Gazprom at a time when many Western companies are reducing their exposure to Russia because of Western sanctions over Moscow’s actions in Ukraine. Gazprom, which is under U.S. but not EU sanctions… Fri Jun 19, 2015 Gazprom […]

Gazprom, Shell agree to expand Sakhalin-2 project

Gazprom, Shell agree to expand Sakhalin-2 project Thu Jun 18, 2015 (Reuters) – Russian gas producer Gazprom and Royal Dutch Shell have signed an agreement to expand the Sakhalin-2 LNG project, Gazprom said in a statement on Thursday. The Sakhalin-2 project, Russia’s sole LNG plant, has a current annual capacity of around 10 million tonnes. […]

Can You Really – Really – Be Sure Of Shell?

By Owain Bennallack – Thursday, 18 June, 2015 Making glib comments about the flaws of tracker funds – or even more so the foolishness of those who invest in them – is a mug’s game.  The evidence shows that over the long term, tracker funds beat most actively managed ones, not least because of the far […]

Shell-led Canadian LNG deal gets environmental approvals

Shell-led Canadian LNG deal gets environmental approvals Thursday Jun 18, 2015 By Julie Gordon (Reuters) – Canada’s environment ministry said on Wednesday it approved a Royal Dutch Shell Plc-led liquefied natural gas export terminal on British Columbia’s coast, contingent on the project meeting 50 environmental, social and operational conditions. In her decision, federal Environment Minister […]

Low oil price hits $200 billion in mega-projects

* Ernst and Young say more project delays likely * Say at least 24 projects worth more than $1 bln put on ice By Ron Bousso LONDON, June 16 (Reuters) – Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to […]

Shell, Japan firms may get stake in Gazprom’s Baltic LNG: Report

Shell, Japan firms may get stake in Gazprom’s Baltic LNG: Report By Reuters | 17 Jun, 2015 MOSCOW:Russian gas company Gazprom may offer up to 49 percent in its Baltic LNG project to a strategic partner and the most likely candidates are Royal Dutch Shell or a consortium of Japanese firms, Russia’s Kommersant newspaper said […]

Shell-led B.C. LNG project nears environmental approval

BRENT JANG: KITIMAT, B.C. — The Globe and Mail: Published Tuesday, Jun. 16, 2015: Last updated Wednesday, Jun. 17, 2015 Shell and BG Group PLC announced plans in April to merge, sparking speculation that the combined entity will focus on Kitimat while placing BG’s Prince Rupert LNG project on the back burner. A liquefied natural gas consortium led by Royal […]

Shell-BG $70 billion deal crosses key milestone with U.S. clearance

Shell-BG $70 billion deal crosses key milestone with U.S. clearance LONDON | BY RON BOUSSO: Tuesday Jun 16, 2015  U.S. regulators have given the green light for Royal Dutch Shell’s (RDSa.L) proposed $70 billion acquisition of British rival BG Group (BG.L), the first clearance for the biggest deal in the energy sector in over a decade. […]

As Shell moves toward Arctic, industry decries regulations

Article by Jennifer A. Dlouhy published June 16, 2015 by The Houston Chronicle As Shell moves toward Arctic, industry decries regulations Industry leaders and allies in Congress say red tape will discourage Arctic exploration WASHINGTON – Even as Shell Oil Co. gets closer to drilling new exploratory wells in Alaska’s Chukchi Sea, industry leaders and their congressional […]

Shell-BG deal gets U.S. antitrust OK

Article by Jordan Blum published June 16, 2015 by The Houston Chronicle Shell-BG deal gets U.S. antitrust OK Federal Trade Commission decides to waive antitrust waiting period; other nations plan to examine deal Photo: Christophe Morin /GT Royal Dutch Shell said Tuesday that its planned $70 billion acquisition of British gas giant BG Group has cleared its […]

Royal Dutch Shell Delivers Latest Blow To European Shale

Royal Dutch Shell may be looking to exit Ukrainian shale as conditions in the region have prompted a delay Royal Dutch Shell Plc (ADR) (NYSE:RDS.A) has delivered the latest blow to European shale, as it considers withdrawal from its last Ukrainian exploration well. With Nadra Yuzivska as its partner, the European oil major signed a […]

ACCC kicks of inquiry into Shell’s BG Group takeover

ACCC kicks of inquiry into Shell’s BG Group takeover Angela Macdonald-Smith: Energy Reporter:Published 12 June 2015 The national competition watchdog has kicked off an examination of Royal Dutch Shell’s proposed $90 billion takeover of BG Group, with the focus set to land on the impact of further consolidation on the east coast market where manufacturers are already struggling […]

Nigerian auditors find NNPC failed to remit $11.6 bil in LNG export revenue

Nigerian auditors find NNPC failed to remit $11.6 bil in LNG export revenue NNPC holds 49% equity in NLNG on behalf of the Nigerian government, with partners Shell (25.6%), Total (15%) and ENI (10.4%.) 11 June 2015 State-owned Nigerian National Petroleum Corporation has not remitted $11.6 billion in dividends and loan and interest repayments earned […]

Shell calls ‘Force-Majeure’ on Ukraine project

Shell calls ‘Force-Majeure’ on Ukraine project Sources familiar with the situation said Ukraine’s government received a “Notice of Withdrawal” from Shell on a project that they had hoped could raise up to $10bn of investment and further diversify gas imports away from Russia, Roman Olearchyk reports from Kiev. Shell said it “has been prevented from […]