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Shell affiliates are buyers, sellers in $390 million midstream transaction

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Screen Shot 2015-11-12 at 09.52.10Posted on November 11, 2015 | By Joshua Cain

A pipeline subsidiary of Royal Dutch Shell has sold a crude terminal in Illinois and a pipeline system in the Gulf of Mexico for $390 million to a master limited partnership affiliated with Shell.

Shell Midstream Partners, the Houston-based MLP that Shell formed in 2014, said on Wednesday that it will buy Pecten Midstream from another Shell subsidiary, Shell Pipeline Co.

Pecten Midstream operates the Lockport Crude Terminal about 50 miles from Chicago and the Auger Pipeline System, which transports crude oil from parts of the Garden Banks and Keathley Canyon offshore blocks in the Gulf. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Oil Co. president touts carbon tax over piecemeal regulations

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Marvin Odum Shell Oil

Marvin Odum President Shell Oil Co

Posted on November 10, 2015 | By Jordan Blum

A carbon tax or cap-and-trade system in the U.S. — and globally — would serve the energy industry better than the current slate of piecemeal state and federal regulations, Shell Oil Co. President Marvin Odum  said Tuesday.

He acknowledged that Congress won’t take action soon in gridlocked Washington, but said that people should move beyond sound bites. Odum spoke at University of Houston’s energy symposium focusing on whether now is the right time for a carbon tax. read more

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Shell carves more savings from BG Group deal, expects further job cuts

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Posted on November 3, 2015 | By Collin Eaton

HOUSTON — Shell has found another $1 billion in costs it could shake free after it buys BG Group, company officials said Tuesday, partly in response to critics of the huge acquisition Shell announced when crude was more expensive in the spring.

The cuts would mean more job losses on top of the 7,500 in layoffs Shell has announced this year, but officials declined to say how many jobs would be affected or lost.

The value of Shell’s original $70 billion offer for the British gas producer, which is known for its prized Brazilian deep-water fields and its big liquefied natural gas business, fell to $56 billion a month ago and edged back up to about $60 billion as Shell’s share price and crude prices have fallen. Shell had proposed to pay for the deal mostly with shares. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Even as it walks away from Arctic drilling, Shell keeps door open for future work

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Screen Shot 2015-10-05 at 14.03.31Posted on October 29, 2015 | By Jennifer A. Dlouhy

WASHINGTON — Shell is walking away from oil exploration in Arctic waters north of Alaska, but it isn’t ready to close the door completely.

Disappointing results from a critical test well at the company’s Burger prospect in the Chukchi Sea, combined with the high costs of developing the region and an “unpredictable regulatory environment” have prompted Royal Dutch Shell “to cease further exploration activity offshore Alaska for the foreseeable future,” CEO Ben van Beurden told reporters Thursday. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Transocean, Shell delay delivery of two new drillships

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Screen Shot 2015-09-17 at 07.55.40By Rhiannon MeyersOctober 26, 2015

Transocean and Royal Dutch Shell struck an agreement to delay the delivery of two new ultradeep-water drillships as the offshore drilling industry cools amid a global downturn in oil prices.

The Swiss-based offshore drilling contractor announced early Monday that it would push back the operating and delivery contracts of the Deepwater Pontus and Deepwater Poseidon by one year each.

Drillships are used to hunt for new oil and gas in waters deep offshore. With oil prices refusing to budge above $50 a barrel for months, oil companies have throttled expensive offshore exploration projects as they wait for crude to rebound. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Aggressive bidding after reserves scandal put Shell on path to Arctic disappointment

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$7 billion bust in the Arctic Ocean

Screen Shot 2015-10-05 at 14.03.31By Jennifer A. Dlouhy: 5 Oct 2015

WASHINGTON — Shell’s dreams of an Arctic oil bonanza were dashed with disappointing results from a critical exploratory well this summer, but they were in full force seven years ago, when the company aggressively outbid competitors to nab drilling rights in the Chukchi Sea.

Reeling from a scandal involving overstated reserves and desperate to replenish its portfolio, Royal Dutch Shell spent $2.1 billion buying up those Chukchi Sea leases, vastly outspending the competitors who plunked down just $800 million combined in the same government auction. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell to cut 1,300 jobs in Malaysia over two years

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By Collin Eaton: 29 Sept 2015

HOUSTON — Royal Dutch Shell’s oil unit in Malaysia said it will cut 1,300 jobs, or about 20 percent of its Malaysian workforce, over the next two years as it restructures itself.

Shell Malaysia said Tuesday it is trying to become a more efficient company but gave few details beyond disclosing the coming staff reductions. It said it has made “adjustments” to its upstream portfolio but didn’t elaborate.

“Shell Malaysia is preparing itself to be more competitive in a low oil price environment,” Shell Malaysia Chairman Iain Lo said in a written statement. “Continuing business as usual is not sustainable. We are taking difficult, but necessary action.” read more

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Shell’s Arctic oil well comes up dry

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Screen Shot 2015-08-13 at 11.35.25September 28, 2015 | By Jennifer A. Dlouhy

WASHINGTON — After spending $7 billion and seven years searching for oil under Arctic waters, Royal Dutch Shell on Monday said its quest had come up dry.

Shell announced that its exploratory oil well in the Chukchi Sea north of Alaska encountered “indications of oil and gas” that are “not sufficient to warrant further exploration” — a significant blow for the Anglo-Dutch firm that had hoped to find a multibillion barrel crude reservoir in those remote waters.

“Shell continues to see important exploration potential in the basin, and the area is likely to ultimately be of strategic importance to Alaska and the U.S.,” said Marvin Odum, director of Shell Upstream Americas. “However, this is a clearly disappointing exploration outcome for this part of the basin.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Records detail equipment failure on Arctic drilling rig

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Screen Shot 2015-08-13 at 11.35.25“The company’s repeated failures in basic readiness tests show that when things go wrong in the Arctic ocean, it will be a disaster…”

By Jennifer A. Dlouhy: August 30, 2015

WASHINGTON — Newly released documents reveal the extent of problems with anti-pollution equipment on a Shell-contracted Arctic drillship earlier this year.

The records, provided by the U.S. Coast Guard in response to a Freedom of Information Act request, also describe a botched fire drill by the crew of another Shell-contracted drilling rig months before it began boring an exploratory oil well in the Chukchi Sea.

That rig, the Transocean Polar Pioneer, was moored in Seattle and being prepared for its Arctic mission in May, when the Coast Guard conducted an initial inspection and two emergency drills onboard. read more

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Shell Oil accidentally spills hundreds of thousands of pounds of toxic gas in Deer Park

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Dylan Baddour, Houston Chronicle: Tuesday, August 11, 2015

On Sunday morning, hundreds of thousands of tons of toxic gas were accidentally released from the Shell Oil facility in Deer Park.

According to reports from the Texas Commission on Environmental Quality, 326,166 pounds of butadiene escaped through an open valve on a spherical tank between 10:40 am and 11:35 am.

Neil Carman, a chemist with the Sierra Club of Texas and a former power plant inspector for the TCEQ, said that butadiene is a known human carcinogen, but that its molecular structure allows it to dissipate quickly in the hot summer air. The chemical is commonly expelled in car exhaust, but Carman said the quantity in the Shell incident was concerning. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Senate bill would give oil companies a decade more to drill in Arctic leases

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Screen Shot 2015-06-30 at 21.06.27By Jennifer A. DlouhyJuly 27, 2015

WASHINGTON – Shell and other oil companies with leases in U.S. Arctic waters could get an extra 10 years to develop them under a proposal advancing in the Senate.

Sen. Lisa Murkowski, R-Alaska, embedded the Arctic lease provisions in a broader bill that also would lift the U.S. crude export ban, expand offshore drilling and give coastal states a greater share of revenue from the activity.

The measure is slated for action in Murkowski’s Energy and Natural Resources Committee this week and next. If the panel approves the offshore drilling legislation, that would prime it for floor consideration after the Senate’s August recess and position it as a possible addition to a comprehensive energy package also moving through the committee. read more

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Environmentalists insist feds must block Shell’s Arctic drilling while icebreaker is away

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Screen Shot 2015-06-30 at 21.06.27By Jennifer A. Dlouhy: 15 July 2015

WASHINGTON — The Obama administration cannot allow Shell to launch exploratory oil drilling in the Arctic Ocean — even initial site preparation — without the company’s two contracted icebreakers on site, environmentalists argue.

One of those icebreakers, the MSV Fennica, is headed to Oregon for repairs after its hull was gouged July 3, and it could be weeks before it is able to patrol the waters around Shell’s drilling site in the Chukchi Sea. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell’s vessel Fennica took short cut through shallow water?

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Damaged Arctic icebreaker’s route questioned

Posted on July 10, 2015 | By Jennifer A. Dlouhy

WASHINGTON — New marine tracking data shows a Shell-contracted icebreaker may have crossed through shallow waters that offered little clearance between the vessel’s bottom and the ocean floor before a 3-foot hole was discovered in its hull.

The Automatic Identification System data — location information captured every minute from the MSV Fennica — shows its July 3 route away from the Alaska Port of Dutch Harbor before a leak identified by a marine pilot and other crew onboard the icebreaker forced it to turn back. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Approval requested for repairs to icebreaker in Shell’s Arctic quest

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Screen Shot 2015-06-30 at 21.06.27By Jennifer A. Dlouhy: 9 July 2015

WASHINGTON – Shell is making plans to repair an icebreaker that plays a pivotal role in its Arctic drilling program, even as clues emerged Thursday about what might have torn a meter-long gash in the vessel.

Arctia Offshore, the owner of the Shell-contracted MSV Fennica, has asked the U.S. Coast Guard to approve plans for sealing the hole in the ship’s hull. As of late Thursday, a final ruling had not been made.

But there was new information on what might have gouged the vessel as it traveled away from the Alaska port of Dutch Harbor on July 3. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell’s Arctic icebreaker damaged in Alaska

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Screen Shot 2015-07-07 at 19.49.22By Jennifer A. Dlouhy: 7 July 2015

WASHINGTON — Shell’s drive to resume Arctic drilling this summer has hit another speed bump, with the discovery of a hole in the hull of an ice management vessel meant to safeguard the company’s operations in the Chukchi Sea.

The MSV Fennica was on its way from Dutch Harbor, Alaska to the Chukchi Sea on Friday when a ballast tank leak was discovered by crew members and a certified Alaska marine harbor pilot on board the vessel.

The 22-year-old icebreaker has since returned to the port in Dutch Harbor and is being examined by marine experts, but it is uncertain how quickly the breach in its hull can be repaired and whether this will delay Shell’s hopes to begin drilling an oil well in the Chukchi Sea later this month. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Obama administration delivers big blow to Shell’s Arctic drilling plans

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Obama administration delivers big blow to Shell’s Arctic drilling plans

By Jennifer A. Dlouhy

WASHINGTON — The Obama administration delivered a major blow to Shell’s Arctic drilling plans on Tuesday, by ruling that wildlife protections bar the company from simultaneously boring two wells into the Chukchi Sea this summer.

The decision will force Shell to scale back its hopes of completing two exploratory oil wells in waters north of Alaska this summer and is another setback for the firm that has spent seven years and $7 billion trying to find crude in the Arctic Ocean. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
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