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Posts under ‘Gas’

MORE JOB CUTS AT SHELL

Oil giant Shell to cut 90 jobs at Aberdeen headquarters: STV: 1 JUNE 2017

Ninety jobs at oil giant Shell to go in Aberdeen: BBC NEWS: 1 JUNE 2017

Shell’s 1,700-strong workforce in Aberdeen were told about the redundancies at meetings on Thursday morning.

Royal Dutch Shell cuts more jobs in Aberdeen: THE TELEGRAPH: 1 JUNE 2017

It has also called for voluntary redundancies from the former BG Group head office at Thames Valley Park in Reading.

Shell News Update 31 May 2017

Shell completes sale of Australian aviation business for $250 mln: Reuters: 31 May 2017

Has completed sale of its Australian Aviation Business to Viva Energy Australia for a total transaction value of approximately $250 million.

Shell Downstream CIO Craig Walker – “We should be scared”: 23 May 2017

Walker very frankly admitted that Shell “should be scared” during our discussion, where he said that one of his biggest fears is having to go and tell his director that he’d lost a billion dollar business because he didn’t foresee a new business model for Shell, enabled by new technologies.

Canadian Oil Sands Brace As Oil Majors Dump Shares: OilPrice.com: 30 May 2017

Royal Dutch Shell and ConocoPhillips struck deals in March to sell Canadian oil assets to two Canada-based producers. In both deals, parts of the consideration for the transactions were shares of the Canadian companies that Shell and ConocoPhillips received.

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Shell News Update 29 May 2017

Leave oil rigs in the North Sea, say conservationists: The Guardian: Monday 29 May 2017

Conservationists want oil companies and regulators to consider leaving more old rigs in the North Sea rather than removing them, with the savings paid into a fund to protect sealife.

Gazprom and Shell discuss joint prospects under Agreement of Strategic Cooperation: EIN News: 29 May 2017

In 2015, Gazprom and Shell signed the Memorandum to construct the third production train of the LNG plant, as well as the Agreement of Strategic Cooperation providing for the expansion of the companies’ joint project portfolio, including a potential asset swap.

Shell, partners start deepwater production at new FPSO in Brazil: 29 May 2017

KUALA LUMPUR (May 29): Petroliam Nasional Bhd (Petronas) has given the greenlight to Royal Dutch Shell PLC for the sale of the latter’s 50% stake in the 2011 North Sabah enhanced oil recovery production sharing contract (PSC) to Hibiscus Petroleum Bhd’s indirect unit SEA Hibiscus Sdn Bhd.

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Shell News Headlines Updated 26 May 2017

Energy-Generating Kites Backed by Shell Set for Test in Scotland: Bloomberg/Quint: 26 May 2017

Power-generating kites backed by Royal Dutch Shell Plc, Schlumberger Ltd. and EON SE will start tests in the U.K. this summer, with the aim of developing a technology that could eventually replace offshore wind turbines. Kite Power Systems, known as KPS, is working on a 17-meter device that flies on air currents high above the ground and generates power by pulling at a cable. It raised 5 million pounds ($6.4 million) from the three energy giants last December. “The reason we are interested in something like this is that it has potential to reduce the cost of offshore wind in the future,” said Geert van de Wouw, managing director of Shell Technology Ventures BV.

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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.

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Shell boss Ben van Beurden under scrutiny

By Shruti Tripathi Chopra: City A.M.’s deputy news editor: Sun 21 May 2017

Royal Dutch Shell chief executive Ben van Beurden has come under scrutiny over his €8.26m (£7.1m) pay ahead of the FTSE-100 giant’s annual general meeting (AGM) tomorrow.

Pensions & Investment Research Consultants (Pirc) have advised shareholders to vote against the oil and gas giant’s remuneration policy.

Pirc branded van Beurden’s total pay, which was 453 per cent of his salary, “excessive”.

Shell revealed in March that van Beurden’s was paid €8.263m last year, up from €5.135m due to deferred bonuses and long-term incentive plans (LTIPs).

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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.

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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.

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Shell’s Brent C downmanning after gas leak

Written by

It is understood a gas detection alarm was set off yesterday (Fri) morning on the platform.

Platform personnel were brought to muster, as is standard practice. All 176 workers were safely accounted for and no injuries were reported.

Shell said production has been halted and the leak has been “isolated”.

The oil major has not given any information on the volume of gas involved but there is not through to have been any associated environmental issues.

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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.

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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.

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How Shell, Eni Got Enmeshed in $1 Billion Scandal

Royal Dutch Shell Plc and Eni SpA have become entangled in a $1.1 billion bribery scandal involving a field in Nigeria that could potentially hold enough crude to meet three months of the world’s demand. At least three countries are probing the companies, and Italian prosecutors have named Eni’s Chief Executive Officer Claudio Descalzi and Shell’s former head of exploration and production, Malcolm Brinded, among people who could be prosecuted. Nigeria’s anti-graft agency also filed charges against the companies in March.

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