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Posts under ‘Oil Sands’

Here’s How Shell Can Restart Its Tar Sands Projects In Canada

By: MICHEAL KAUFMAN Exploring for new oil has now become a difficult task for the oil majors. Oil and gas are now mostly situated in the deep-waters, Canadian tar sands and the Arctic waters where the cost of exploration and production is very high. These high costs coupled with the lower crude oil prices make […]

Shell Arctic Drill Rig Confronted at Sea by Indigenous Activists and Greenpeace Canada

Press release from Greenpeace June 17, 2015 – 4:51pm – By The Arctic Journal Indigenous artist and activist Audrey Siegl today approached the 300-foot-tall Polar Pioneer drill rig in an inflatable boat launched from the MY Esperanza, while two Greenpeace Canada swimmers spread out in the water behind her to put their bodies in the […]

Shell braves a return to its Arctic ordeals: But, with oil at such a low price, why now?

By LAURA CHESTERS FOR THE DAILY MAIL: 13 May 2015 New Year’s Eve 2012 is a date Lieutenant Commander Jim Cooley will never forget. As part of the rescue team from the US Coast Guard he flew out in treacherous, stormy conditions to rescue 18 men aboard Royal Dutch Shell’s stranded Kulluk oil rig. Earlier that […]

Shell Canada: Carmon Creek oilsands project faces two-year delay

DAN HEALING, CALGARY HERALD: Published on: May 8, 2015 Royal Dutch Shell says first oil production from its 80,000-barrel-per-day Carmon Creek thermal oilsands project northeast of Peace River in northern Alberta will be delayed for two years until 2019. The project was sanctioned by the company in October 2013 and estimated by analysts at the time […]

Shell takes hit of £3.2bn amid weak oil price as UK companies’ profit warnings go up

By JON REES, FINANCIAL MAIL ON SUNDAY: 26 April 2015 Shell is expected to report this week that the weak oil price wiped two-thirds off its earnings in the first three months of the year. The Anglo-Dutch oil giant, which has tabled a £46billion cash-and-shares deal to buy British gas explorer BG Group, is poised to […]

Massive Layoffs Occurring in the Oil Industry

From an article by Wall Street Sector Selector Staff published 19 March 2015 read moreLike this:Like Loading…

Prices Fall to a Six-Year Low for U.S. Oil

Article by Stanley Reed published 17 March 2015 in the New York edition of the New York Times Prices Fall to a Six-Year Low for U.S. Oil Oil prices fell to six-year lows on Monday in the face of concerns that a glut in the United States was outpacing already-brimming storage facilities. Additionally, the Organization […]

Keystone and the Riddle of the Tar Sands

BY MARK DOWIE 2/25/15 AT 10:49 PM Late 21st-century graduate students of business studying the growing problem of stranded assets will almost certainly focus on the history of Canada’s Athabasca Oil Sands (a.k.a. the tar sands). The case studies they read will either describe the gradual abandonment of the world’s largest reserve of bituminous crude […]

Canada’s energy slump to wipe out $23-billion over two years

From an article by Jeff Lewis published 24 Feb 2015 by The Globe and Mail under the headline: Canada’s energy slump to wipe out $23-billion over two years Extracts The slump in Alberta’s energy sector is set to wipe out billions more in corporate earnings, complicating growth plans and putting investor dividends at greater risk. […]

Another nail in the coffin of tar sands

BBC NEWS: Obama vetoes Keystone oil pipeline bill: 24 Feb 2015 US President Barack Obama has vetoed a bill that would have approved construction of the Keystone XL oil pipeline. The Republican-led Congress sent the bill to the president on Tuesday. White House spokesman Josh Earnest said Obama vetoed the bill “without any drama or […]

Why Shell Withdrew Application For Pierre River Oil Sands Project

By: MICHEAL KAUFMAN Published: Feb 24, 2015 at 7:48 am EST Royal Dutch Shell plc (ADR) (NYSE:RDS.A) indicated on Monday that it has withdrawn the application to develop Pierre River Oil Sands in northern Alberta. The oil sands mine was first proposed by Shell Canada in 2007. The Pierre River oil sands are estimated to […]

Shell Canada withdraws oilsands mine application as a cost-cutting measure

By Dan Healing of the Calgary Herald Extracts The Pierre River oilsands mine proposed by Shell Canada in 2007, split out of a joint application in 2009 and delayed indefinitely last year has been withdrawn entirely from the regulatory approval process. “The Pierre River mine remains a very long-term opportunity for us but it’s not currently […]

Slump in Oil Prices Brings Pressure, and Investment Opportunity

An article by Michael Corkery and Peter Eavis published 2 Feb 2015 by The New York Times under the headline:  “Slump in Oil Prices Brings Pressure, and Investment Opportunity” American history is littered with oil busts that created big winners and losers. Now, as the cracks appear in the latest energy boom, the forces of […]

Who Will Rule the Oil Market?

OPINION ARTICLE BY DANIEL YERGIN PUBLISHED IN PRINT BY THE NEW YORK TIMES ON SATURDAY 25 JAN 2015 WASHINGTON — A HISTORIC change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the […]

Market Collapse: 5 percent of Shell’s capital invested in money-losing projects?

From an article by Joe Carroll and Tara Patel published 6 Jan 2015 by BloombergBusinessweek under the headline: “Oilfield Writedowns Loom as Market Collapse Guts Drilling Values”  Shell, Europe’s largest energy producer, may have as much as 5 percent of its capital tied up in money-losing projects. Extracts Tumbling crude prices will trigger a flood […]

Jesse Colombo, the economic analyst who predicted the oil prices bust 

FULL CREDIT TO THE EXPERT WHO CORRECTLY PREDICTED THE OIL PRICE CRASH By John Donovan In June of this year Forbes.com published an extensive prescient article by Jesse Colombo, an economic analyst, under the headline: “9 Reasons Why Oil Prices May Be Headed For A Bust” His prediction made 6 months ago: “There are a growing number […]

Shell and the National Gallery: welcome to a Moral Maze

Spotted this article on the website of the former Royal Dutch Shell executive, Paddy Briggs.  By Paddy Briggs I went to the superb exhibition “Rembrandt: The Late Works” at the National Gallery yesterday. The exhibition is sponsored by Shell – quite strongly as it happens. There are a couple of prominent Shell promotional displays and […]

Opec is finished – the oil crash will continue

The Opec oil cartel no longer exists in any meaningful sense and crude prices will slump to $50 a barrel over the coming months as market forces shake out the weakest producers, Bank of America has warned. The major oil companies will have to cut back on projects with a break-even cost below $80 for Brent […]

Shell Arts Sponsorship Protest at the National Gallery

By John Donovan Royal Dutch Shell has suffered a string of PR debacles.  In October 2013, Shell Out Sounds, a group of singers, musicians and activists who opposed Shell’s sponsorship of Southbank Centre, staged an unsanctioned performance from the Royal Festival Hall’s choir seats in protest of a Shell Classic International concert.  The campaigners condemned […]

Shell one of 5 Companies Al Gore Says Are Doomed

“Royal Dutch Shell is another company with a doomed oil sands project, according to the Carbon Tracker Initiative. Its Carmon Creek project needs oil prices to hit $157 per barrel in order to be profitable. On top of that, Royal Dutch Shell is seeking to drill for oil in the Arctic, which has already wasted […]

Royal Dutch Shell Plc .com News Roundup: 18 August 2014

THE CORRUPT SULTAN OF BRUNEI – RECIPIENT OF SHELL WEDDING GIFT BRIBERY Firstbiz. has published an article setting out 5 things it says you should know about the Sultan. See “Meet Sultan of Brunei, the man willing to shell out more than $2 bn for Sahara’s hotels” Extract: “Ironically, the Sultan’s Beverly Hills Hotel and […]

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, […]

Construction hits midway point on Shell’s Quest carbon-capture project

Extract from an article by David Howell by the Edmonton Journal on 17 April 2014 FORT SASKATCHEWAN — Construction on Shell Canada’s Quest carbon capture and storage project is at the midway point and the facility should be ready to start operating in late 2015, company officials said Thursday. Quest will be the world’s first […]

Selection of links to Shell related articles

Selection of links to Shell related articles kindly supplied by a regular contributor Shell starts commercial US output of new motor oil made from … Hydrocarbon Processing-21 hours ago Shell refers to its novel motor oil process as PurePlus technology, a patented process of converting natural gas into a clear base oil, which is … Back in oil shale Grand Junction Sentinel-10 hours ago Shell, Chevron […]

Major oilsands project put on hold by Shell

JOURNAL of COMMERCE Article by Richard Gilbert: 19 Feb 2014 Royal Dutch Shell has asked federal regulators to halt the environmental assessment for a proposed mine in northeastern Alberta, as part of a plan to re-evaluate the timing of developments. The proposed PRM project involves the construction of an oilsands surface mine and bitumen extraction […]

Shell halts work on Pierre River oil sands mine in northern Alberta

Jeff Lewis | February 12, 2014 5:18 PM ET CALGARY – Royal Dutch Shell PLC told regulators it is halting work on its Pierre River mine in northern Alberta’s oil sands and that it has no idea when it may revive the blueprints. The Hague-based company this year cancelled plans to drill in Alaska’s Arctic and […]

Shell’s lavish spending on quixotic drilling adventures

Shell’s quest for new reserves has seen it pump billions into money-devouring plays such as its Athabasca Oil Sands Project in northern Alberta and the Kashagan oilfield, a deeply troubled project in Kazakhstan. It’s even tried deep water drilling in the high Arctic. That attempt ended when the stormy waters of the Chukchi Sea crippled […]

Is our federal government too close to Big Oil?

Environment Canada’s recent approval of the Jackpine oilsands mine expansion appears to prove, once and for all, that the current federal government works for corporations, not for the benefit of this country. By Amelia Meister: 18 December 2013 Environment Canada’s recent approval of the Jackpine oilsands mine expansion appears to prove, once and for all, […]

Federal government questioned over leaking tailings ponds in Alberta

The secretariat asked Canadian environment officials to explain documented cases of contaminated tailings water being discharged into Jackpine Creek, Beaver Creek, McLean Creek and the Athabasca River, and noted that Environment Canada expressed concern that tailings ponds would be discharged into fish-bearing waters during an assessment of Shell Canada’s Jackpine project. As part of that […]

Four Remarkable Revelations About Big Oil in 2013

Perhaps the most surprising disclosure of them all came earlier this month, when Shell made its rift with the global coal industry public, admitting to an Australian newspaper that its lobbying efforts may have influenced the World Bank’s decision in July to restrict financing of new coal power stations, except in “rare circumstances.” Recent disclosures […]

Ottawa approves Shell’s Jackpine oil sands expansion

The federal Conservative government has approved plans to expand an oil sands mining project, despite the environment minister saying the effort is likely to cause significant “adverse environmental effects. CARRIE TAIT: CALGARY — The Globe and Mail: Published Friday, Dec. 06 2013 The federal Conservative government has approved plans to expand an oil sands mining project, despite the environment […]

Canada’s Tar Sands Oil Boom Yields Toxic Wastewater Lakes

Companies including Syncrude Canada, Royal Dutch Shell and ExxonMobil affiliate Imperial Oil are running out of room to store the contaminated water that is a byproduct of the process used to turn bitumen—a highly viscous form of petroleum—into diesel and other fuels. By 2022 they will be producing so much of the stuff that a […]

Construction moving forward at oilsands facility

November 13, 2013 RICHARD GILBERT: staff writer Royal Dutch Shell is moving forward with the construction of the Carmon Creek oilsands project in northeast Alberta, which will significantly increase production at its Peace River complex. “I’m pleased we’re moving ahead with this important project,” said Lorraine Mitchelmore, executive vice president heavy oil. “Shell’s Peace River […]

Shell and Iran on Dutch TV

John Perhaps you can give a little ‘heads up’ to your followers in the Netherlands. On TV station Nederland 2 there is the programme ‘Tegenlicht’. Shell apparently refused to cooperate so they did the research on big data available on the internet. In a preview yesterday evening it was claimed that all will be revealed […]

U.S. govt gauges interest in new Chukchi Sea offshore oil leasing

(Reuters) – The U.S. government on Thursday started to formally gauge energy companies’ interest in future oil and gas leasing in the Chukchi Sea near Alaska, site of a trouble-plagued 2012 exploration season for Royal Dutch Shell Plc. Shell did preliminary drilling on one Chukchi well in 2012. After experiencing equipment failures and accidents, it […]

Shell’s oil sands deliverer becomes downstream boss

Abbott also takes on a headache in the form of the company’s Motiva U.S. refining joint venture operation, where a new refinery unit faces piping and vibration problems . Thu Sep 12, 2013 1:10pm BST By Andrew Callus (Reuters) – Shell is to make John Abbott head of its fuels and chemicals business, pitching the […]

Canada’s hidden and unwanted gift in its heavy crudes

Promoters of Canadian tar sands development and the sale of large volumes of Canadian heavy oil never mention this hidden and unwanted ‘gift’ of high sulfur ‘coal’ that comes with the heavy oil. It is the ‘dirty little secret’ of the Canadian heavy oil crude that nobody in the oil industry wants to talk about. […]

Industry veteran John Broadhurst has confronted three decades of oil sands challenges

Claudia Cattaneo | 13/06/14 | Last Updated: 13/06/14 6:57 PM ET John Broadhurst knows how tough it gets when you put innovation on a schedule. After a 32-year career in which he led Shell’s entry, development and expansion into the Alberta deposits, Mr. Broadhurst, 54, vice-president heavy oil, is retiring Monday and letting others solve […]

Opponents of Oxford’s partnership with Shell

Shell’s research money is also buying legitimacy for its unconscionable activities globally. These include human rights abuses in the Niger delta, reckless drilling plans in the Arctic, fracking in South Africa, and carbon-intensive tar sands extraction that undermines indigenous rights in Canada. Thursday 9 May 2013 Today sees the launch of a new partnership between […]

Top Canada court will not hear oil sands case

Thu Apr 11, 2013 5:42pm EDT CALGARY, Alberta (Reuters) – Canada’s Supreme Court on Thursday declined to hear an Alberta aboriginal group’s application to block an upcoming regulatory decision for a Royal Dutch Shell oil sands development. The aboriginal group sought the block because it was not adequately consulted. The country’s top court did not […]