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Posts under ‘Gulf of Mexico’

Royal Dutch Shell Shareholders Beware

The news that BP may be fined up to $18bn for the oil spill in the Gulf-of-Mexico as a result of a ruling by a US federal court that BP acted with “conscious disregard of known risks” and that BP’s “conduct was reckless,” may have very serious implications for other oil companies. By John Donovan […]

Is This the Next Big Offshore Oil Frontier?

Extracts from a Motley Fool article by Arjun Sreekumar published 1 August 2014 Extracts Though the Arctic is believed to contain about a fifth of the world’s undiscovered hydrocarbon reserves, harvesting that oil and gas has proved excruciatingly difficult. In the Alaskan Arctic’s Chukchi Sea, for instance, Royal Dutch Shell’s drilling program has been plagued by […]

Few limits offshore, Shell says

Extract from a UPI article by Daniel J. Graeber published 21 July 2014 LONDON, July 21 (UPI) –John Hollowell, Shell’s vice president in charge of deep waters in the Americas, told The Daily Telegraph in London there were few limitations to how deep or how far offshore oil companies can drill. “How far you can […]

Shell drills deeper in the Gulf of Mexico to meet demand

Extracts from a Telegraph article by Scott Campbell published 19 July 2014 It is with some pride that Marvin Odum, the president of Shell Oil and director of its upstream business in the Americas, talks about the rapid pace at which his company is reaching new depths in the Gulf of Mexico. “More people have […]

Shell says makes 3rd major discovery in Norphlet play in Gulf

Reuters article published Tuesday 15 July 2014 (Reuters) – Royal Dutch Shell Plc said on Tuesday it had found roughly 100 million barrels of oil equivalent (boed) in the Gulf of Mexico’s Norphlet formation, its third discovery there. The company, the gulf’s largest operator, found the oil near its Rydberg well, roughly 75 miles off […]

Another serious shutdown at Shell Motiva refinery

Reuters article published Tue Jul 15, 2014 under the headline: “Damaged heater likely shut distillation unit at Motiva refinery” (Reuters) – A heavily damaged heater on a newly commissioned 325,000 barrel per day (bpd) crude distillation unit is the likely cause of a unexpected shutdown that may last up to five months at Motiva Enterprises […]

Shell investors sue BP for millions over Deepwater share price crash

Extracts from an article by Jim Armitage, Deputy Business Editor of  The Independent, published 4 July 2014 The pension fund of oil giant Shell is suing arch rival BP and its former chief executive Lord John Browne for millions of pounds over the Gulf of Mexico oil spill catastrophe. Shell Pension Trust is one of […]

Marvin Odum speaks out

Article by M. Nadeem published 27 June 2014 by insider monkey.com under the headline: “Royal Dutch Shell plc’s Subsidiary Shell Oil Company President Marvin Odum Discusses Energy Industry State” In a Fox News’ Opening Bell program on June 27, Shell Oil Company’s, a subsidiary of Royal Dutch Shell plc), President, Marvin Odum, talked about the […]

LNG as a fuel carries with it many risks

Extracts from a MarineLink.com article by Joseph Keefe published 26 June 2014 under the headline: “Maritime Fuel of the Future: Training to an Uncertain Standard” First extract Despite its unquestionable allure, LNG as a fuel carries with it as many risks as it does answers to the problems it promises to solve. Second extract Separately, […]

Making Shell more palatable as an acquisition target?

From a regular contributor I think the Ho Ho line may be one of the assets being sold as part of the IPO announced today. http://royaldutchshellplc.com/2014/03/08/shell-says-ho-ho-pipeline-shut-after-leak-in-texas/  Document filed with United States Securities and Exchange Commission 18 June 2014 On another subject completely….the Chinese have done a large scale LNG deal with BP and at the […]

Equipment Fails on Shell Gulf of Mexico Drilling Rig

Extracts from an article published by The Maritime Executive on 11 June 2014 The Bureau of Safety and Environmental Enforcement (BSEE) is responding to an equipment failure on board the Deepwater Nautilus semisubmersible drilling rig in the Gulf of Mexico, approximately 100 miles south of Fourchon, La. The offshore oil and gas operator, Shell Offshore […]