Posts under ‘Oil Sands’
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 postponed development of a liquefied natural gas venture offshore Australia. The company issued a rare profit warning last month before reporting a 49% plunge in quarterly earnings to $2.9-billion.
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 its Kulluk drilling platform, forcing the company to pull up stakes. Investors can’t simply count on ever rising oil prices to justify Shell’s lavish spending on quixotic drilling adventures around the world.
Why Turning a Buck Isn’t Easy Anymore for Oil’s Biggest Players
Jeffrey Rubin: Former Chief Economist, CIBC World Markets
27 Jan 2014
Judging by pump prices, Canadian drivers might think oil companies were rolling in profits that only move higher. Lately, though, the big boys in the global oil industry are finding that earning a buck isn’t as easy as it used to be.
Royal Dutch Shell, for instance, just announced that fourth quarter earnings would fall woefully short of expectations. The Anglo-Dutch energy giant warned its quarterly profits will be down 70 percent from a year earlier. Full-year earnings, meanwhile, are expected to be a little more than half of what they were the previous year.
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, that the current federal government works for corporations, not for the benefit of this country.
The Jackpine oilsands mine expansion is a project that would increase the current extraction of bitumen by 100,000 barrels per day, making the total extraction from that mine around 350,000 barrels per day.
Shell, who is spearheading the project, by its own environmental assessment, has declared that 185, 872 hectares of wetlands will be permanently lost or altered and that there will be 40-60 per cent loss of habitat for migratory birds and some species at risk.
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 assessment, Shell acknowledged “some seepage” would occur, the commission said.
By Marty Klinkenberg, Edmonton Journal
EDMONTON – A North American trade body has asked Ottawa to respond to allegations that it has failed to enforce its own laws when it comes to oilsands tailings ponds.
The environmental secretariat has given the government 30 days to respond to allegations that it has failed to enforce the federal Fisheries Act by allowing the ponds to leak contaminants into the Athabasca River watershed.
The Commission for Environmental Cooperation, a body created to monitor enforcement of environmental regulations in Canada, the United States and Mexico, could launch a formal review of the federal government’s procedures if dissatisfied with its response.
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 show powerful industry adjusting to uncertain future.
In some ways 2013 will be remembered as a year of stalemate for one of North America’s richest and most influential industries. It marked 12 more months that President Barack Obama was unable — or unwilling — to make a decision on TransCanada’s Keystone XL pipeline. In Canada the political and economic fate of Enbridge’s Northern Gateway pipeline remained equally uncertain.
Yet the past few months have also yielded rare glimpses into the preparations major oil and gas companies are making for a disorienting future. The four headline-making disclosures listed below show them reckoning like never before with increasingly powerful opponents, a global energy system in transition, the financial risk of rising carbon emissions and bitter economic rivalries.
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
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.”
The government on Friday gave its blessing to Royal Dutch Shell PLC’s expansion plans at its Jackpine mine project, about 70 kilometres north of Fort McMurray, Alta. The approval comes with a list of conditions tied to wildlife, the environment and First Nations.
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 month’s output of wastewater could turn New York’s Central Park into a toxic reservoir 11 feet deep…
Canada is blessed with 3 million lakes, more than any country on earth—and it may soon start manufacturing new ones. The oil sands industry is in the throes of a major expansion, powered by C$20 billion ($19 billion) a year in investments. Companies including Syncrude Canada, Royal Dutch Shell (RDS/A), and ExxonMobil (XOM) 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 month’s output of wastewater could turn New York’s Central Park into a toxic reservoir 11 feet deep, according to the Pembina Institute, a nonprofit in Calgary that promotes sustainable energy.
November 13, 2013
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 oil leases represent a significant development opportunity. Our decision to invest in Carmon Creek has been carefully studied with the goal of designing a project that is competitive from a commercial, technological and environmental perspective.”
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 on the Shell connection with Iran. The actual programme is being aired tonight, Monday 21 October.
It promises to be an interesting event!
Your site is getting too small to capture all the stuff from Shell in Ireland, shalegas disaster, Alaska disaster, looming tarsands disaster, very poor American management, earthquakes in Groningen etc etc.
(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 declined to drill again this year. The company has announced no decision about returning to complete that well or drill others in 2014.
ANCHORAGE, Alaska, Sept 26 |
(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.
The “Call for Information and Nominations” issued by the U.S. Bureau of Ocean Energy Management (BOEM) is the first step in a potential Chukchi Sea lease sale under consideration for 2016, officials said.
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 deliverer of its Canadian oil sands expansion project into an industry debate over whether the “downstream” business he will run still fits with oil and gas extraction.
A 53-year-old Briton who joined Europe’s top oil company straight from university in 1981, Abbott is credited with bringing Royal Dutch Shell’s Athabasca oil sands expansion project in Canada on stream in the period 2008-2012.
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. Where this stuff will be stored is a problem yet to be solved. At the present time it cannot be used as a fuel in the US because it is so polluting, worse that the dirtiest coal mined in the US.
Article authored by a regular contributor
The following links tell a story about Canadian tar sands development that is interesting because they bring attention to a serious problem associated with the refining of the heavy crudes and bitumen from Canadian tar sand that has yet to be debated.
The refining of Canadian heavy crudes from the tar sands of Alberta in large volumes is going to produce vast amounts of a high sulfur content solid carbon by-product called ‘petroleum coke’, or ‘pet coke’. Disposal of this unwanted by-product will quickly become a problem for the refiners and nobody seems to be paying attention to that little fact.
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 Shellâ€™s entry, development and expansion into the Alberta deposits, Mr. Broadhurst, 54, vice-president heavy oil, is retiring Monday and letting others solve the next oil sands challenges.
He was one of six Royal Dutch Shell PLC employees in 1996 assigned to figure out, after two unsuccessful attempts, whether an oil sands lease owned since the 1950s could be produced economically, in an environmentally and socially responsible manner.
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 the University of Oxford and Shell. As Oxford alumni, staff and students, we are united in our opposition to this new partnership and the growing trend of oil companies funding, and thus influencing, the research agenda of our universities. Shell is a particularly inappropriate choice of funder for an Earth sciences laboratory. Shell’s core business activities and political lobbying are pushing us towards a future with a global temperature increase well in excess of 2C. Oxford’s own climate scientists are warning us that we need to leave the majority of known fossil fuels in the ground, and yet this new partnership will undertake research that will help Shell to find and extract even more hydrocarbons.
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 give reasons for refusing to hear the case, which was also dismissed by the Alberta Court of Appeal in November.
The Athabasca Chipewyan First Nation argued that the regulatory panel weighing Shell’s application for its Jackpine mine expansion in northern Alberta should consider whether the government met its constitutional duty to consult the native group.
By Sarah Kent: Published April 11, 2013 by Dow Jones Newswires
Royal Dutch Shell PLC (RDSB) said Thursday that maintaining energy efficiency in its oil and gas production will prove a challenge in coming years.
“We expect that maintaining the energy efficiency levels of recent years will be more difficult in the future as existing fields age and production comes from more energy-intensive sources,” Shell said in its 2012 sustainability report.
The Anglo-Dutch oil major said its energy efficiency record for oil and gas production, excluding oil sands and gas to liquids, worsened last year compared to the year before.
The U.S. will always need our oil.
Marvin Odum’s job titles could fill several business cards. He is president of Shell Oil Co. in the United States, and sits on the executive committee of Royal Dutch Shell, its parent company. But for Canadians, his most important role is serving as the executive director of Shell Upstream Americas, where he supervises exploration and production across the Western Hemisphere. Falling within his portfolio are the company’s Canadian operations, including the Athabasca oilsands project and its growing interests in liquefied natural gas (LNG), including a proposed export terminal in Kitimat, B.C., with a rumoured price tag of more than $12 billion. The company is also at the forefront of efforts to change the oilsands’ poor environmental image, investing in the $1.35-billion Quest project, which captures carbon emissions from oilsands operations and buries them beneath the surface. While seen as a pilot project for the industry, it also took millions in provincial and federal government support to launch. In an interview with Canadian Business deputy editor James Cowan, Odum spoke about whether the Keystone XL pipeline will ever receive U.S. approval, why cap-and-trade is good for industry, and what it will take for Canada to become a world leader in LNG.
March 4, 2013
Oil and gas companies including BP and Shell will likely see declines in cash flows and credit downgrades if world leaders implement policies to limit GHG emissions, according to a study by Carbon Tracker and Standard & Poor’s.
What A Carbon-Constrained Future Could Mean For Oil Companies’ Creditworthiness looks at how BP and Shell, along with three Canadian companies that focus on oil sands projects — Canadian Oil Sands, Canadian Natural Resources, and Cenovus Energy — would be affected by the International Energy Agency’s 450 scenario. This scenario aims to limit the global increase in temperature to 2 degrees Celsius by limiting GHG emissions to 450 parts per million (ppm) of CO2, resulting in a 35 percent reduction in oil use for transport by 2030, and 49 percent by 2035.
Selection of links to Shell related articles kindly supplied by a regular contributor
ExxonMobil Witness in Trial Says MTBE Raised Cancer Risk: Bloomberg: Shell Oil Co., Sunoco Inc., ConocoPhillips (COP), Irving Oil Ltd., Vitol SA and Hess Corp. settled before the trial began. The New Hampshire …
Five reasons the Keystone XL pipeline is bad for jobs, as well as the …: rabble.ca: Burning the recoverable tar sands oil will increase the earth’s … ExxonMobil, Chevron, Shell, and BP reduced their U.S. workforce by 11,200 …
Ottawa reviewing polluter-pay principle: Globe and Mail: “Oil companies should face unlimited absolute liability for spills, … drilling in Nova Scotia, however, BP and Shell have acquired licences to drill
By: Ray Anderson, River Falls Published February 13, 2013
Letter: Shell undermines climate, guts clean energy legislation, he says
TO THE EDITOR: The Royal Dutch Shell Oil Company, the most carbon-intensive oil company in the world, will contribute more to global warming than any other oil company.
Shell continues to expand investments in oil sands and oil shale using the dirtiest technologies to make it a leader in the industry. Often extracted with gas, that gas is burnt off in huge roaring flames at Shell’s operations in Nigeria, causing premature deaths, child respiratory illnesses, asthma attacks and cancer.
Even though gas flaring was made illegal in 1984, “instead of stopping that practice, Shell decided it was more profitable to pay the legal fines instead and continues to flare one billion cubic feet of gas per day.
The development of Alberta’s oil sands has increased levels of cancer-causing compounds in surrounding lakes well beyond natural levels, Canadian researchers reported in a study released on Monday. And they said the contamination covered a wider area than had previously been believed. “Now we have the smoking gun,” Professor Smol said. The study is likely to provide further ammunition to critics of the industry, who already contend that oil extracted from Canada’s oil sands poses environmental hazards like toxic sludge ponds, greenhouse gas emissions and the destruction of boreal forests.
Todd Korol/Reuters: An oil sands mine Fort McMurray, Alberta.
By IAN AUSTEN: A version of this article appeared in print on January 8, 2013, on page A4 of the New York edition
OTTAWA — The development of Alberta’s oil sands has increased levels of cancer-causing compounds in surrounding lakes well beyond natural levels, Canadian researchers reported in a study released on Monday. And they said the contamination covered a wider area than had previously been believed.
For the study, financed by the Canadian government, the researchers set out to develop a historical record of the contamination, analyzing sediment dating back about 50 years from six small and shallow lakes north of Fort McMurray, Alberta, the center of the oil sands industry. Layers of the sediment were tested for deposits of polycyclic aromatic hydrocarbons, or PAHs, groups of chemicals associated with oil that in many cases have been found to cause cancer in humans after long-term exposure.
The company came under heavy fire Wednesday, partly because its plan to move the Muskeg River, in order to mine the riverbed, runs counter to a 2008 provincial plan calling for protection of the watershed.
First Nations also said Shell’s science is “biased”and “full of gaps,” while the company’s refusal to set aside conservation land to offset habitat destruction drew fire from federal interveners.
Environmentalists rejected the company’s claim there will be “no unacceptable, long-term environmental effects” after decades of mining.
While Chevron’s Richmond refinery has been making the news lately with a very visible incident, our attention has been drawn to less noticed recent events in America’s biggest refining center on the Gulf Coast, where what was to become the country’s largest refinery also ran into a spot of trouble.
You’d think that if you had spent 5 years and over $10 billion building a new refinery you might get to run it a few months before you had to shut it down for repairs. Not so the Motiva Port Arthur refinery expansion, which is essentially a new refinery bolted onto an old one.
Constitutional challenge to Shell oilsands development raised by First Nation, Metis groups
By Marty Klinkenberg, Edmonton Journal October 26, 2012
The Joint Review Panel reviewing Shell’s proposed Jackpine Mine expansion project north of Fort McMurray on Friday ruled that it does not have jurisdiction to consider a constitutional challenge raised by the Athabasca Chipewyan First Nation and a regional band of the Métis Nation of Alberta.
Photograph by: Andrey Rudakov/Bloomberg , Andrey Rudakov/Bloomberg
Selection of article links supplied by a regular contributor
Inside Climate News-Oct 22, 2012
Study for Shell’s Jackpine Oil Sands Mine Predicts ‘Unprecedented’ Losses in Animal Habitat (Edmonton Journal) · Methane Found in Drinking …
SustainableBusiness.com-Oct 22, 2012
Shell’s Tar Sands Expansion Could Be Illegal … emits triple the carbon emissions of conventional oil, while decimating its Boreal Forest.
EDMONTON – Backed by human rights organizations and conservation groups, the Athabasca Chipewyan First Nation will argue in Fort McMurray on Tuesday that it should be allowed to issue a legal challenge against Shell Canada’s proposed expansion of its Jackpine mine in northeastern Alberta.
In an appearance before the Energy Resources Conservation Board and Joint Environmental Review Panel, the First Nation will argue that the government has failed to meaningfully address the impact the development could have on the band’s traditional territory and is therefore in violation of its treaty rights.
A black-throated green warbler bathes at the bird sanctuary at High Island in Texas, May 8, 2006.
Photograph by: NATALIE CAUDILL , MCT
EDMONTON – Shell Canada outlines a substantial loss of habitat for birds, woodland caribou, bison and other animals in an environmental assessment of the proposed expansion of its Jackpine oilsands mine in northeastern Alberta.
The document prepared by the company for an upcoming public hearing predicts that the impact of all development projects in the region, including but not restricted to the proposed Jackpine mine, would result in the loss of 40 to 60 per cent of the habitat for birds, 47 per cent of habitat critical to woodland caribou, 39 per cent of the habitat used by wood bison and significant swaths of forest important to fisher, lynx, wolverine, moose, beaver and black bear.
By Bob Weber, The Canadian Press October 17, 2012 1:20 PM
EDMONTON – Shell Canada is using the federal government’s new environmental assessment rules to try to bar Greenpeace from hearings on the company’s proposed Jackpine oilsands mine.
In a letter to the agency conducting the assessment of the plan, Shell lawyers argue that Greenpeace and two university professors no longer have standing under new rules contained in the Harper Tories’ omnibus budget bill.
Those new rules limit presenters to those who are directly affected by a project or those who have relevant information or expertise useful to the panel. The lawyers say those categories no longer include all the people who signed up to appear at the hearings when they begin Oct. 29.
SHAWN McCARTHY and CARRIE TAIT
OTTAWA and CALGARY — The Globe and Mail: Published
If successful, the groundbreaking legal action by the Indian band would create a major new hurdle for oil sands proponents, forcing them to work with federal and provincial governments to fully consult aboriginal communities before they get a permit to proceed.
Company funds majority of $12.5-million effluent treatment plant, city gets to use leftover waterBy Gordon Hamilton, Vancouver Sun September 7, 2012
Shell Canada and the city of Dawson Creek have teamed up to build an effluent treatment facility at Dawson Creek that eliminates the oil and gas company’s need for Peace River water at its nearby Groundbirch natural gas venture.
The new plant, which was officially opened Friday, will conserve up to 4,000 cubic metres of water a day at Shell’s hydraulic fracturing operations, Dawson Creek mayor Mike Bernier said Friday.
Shell invested more than $11 million in the project while the city provided $1.5 million. The total cost is estimated at $12 to $13 million. The water, said Bernier, is almost as clean as the city’s tap water.
By Eduard Gismatullin – Sep 5, 2012 1:19 PM GMT+0100
Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, will build the first carbon capture and storage project in Canada that locks away emissions from mining oil sands.
The company, together with partners Chevron Corp. (CVX) and Marathon Oil Corp. (MRO), received government backing to start work on the Quest venture north of Edmonton, Shell said today in a statement. It’s designed to capture and permanently store underground more than 1 million tons of carbon-dioxide a year from Shell’s Scotford upgrader, the equivalent of talking 175,000 cars off the road.
I read your article about the concern over the management of Royal Dutch Shell’s tailings ponds that result from the open-pit mining of heavy tar deposits in Alberta.
There are many lessons for the Canadian and Provincial governments to be learned about open-pit mining and reclamation operations from their nearby neighbors in the States.
The Canadian Rockies are not noted for their mineral deposits. In the United States however, vast deposits of coal, copper, zinc, gold, silver and molybdenum have been discovered and mined over the last 150 years. Many of these operations have been abandoned leaving behind heaps of toxic tailings that continue to pollute the environment today.
Documents reveal concerns ahead of fall public hearings into northern Alberta mine expansion
The Canadian Press: Posted: Aug 27, 2012 12:18 PM ET
A demonstration tailings pond in Shell’s Muskeg River oilsands mine in northern Alberta. The company’s ability to store the byproducts of oilsands extraction in a manner that doesn’t harm the environment is one of the concerns raised by federal scientists worried about Shell’s plans to expand another of its mines, the Jackpine facility north of Fort McMurray, Alta., . (Handout/Reuters)
Regulatory documents indicate federal scientists still have significant concerns over Shell’s proposed Jackpine oilsands mine expansion north of Fort McMurray, Alta., even as the project heads into public hearings.
EDMONTON – Regulatory documents indicate federal scientists still have significant concerns over Shell’s proposed Jackpine oilsands mine expansion even as the project heads into public hearings.
Five years after Shell Canada first proposed the 100,000-barrel-a-day project, it has been finally scheduled to go before a joint federal-provincial environmental hearing Oct. 29.
In their final submissions to the Canadian Environmental Assessment Agency, several federal departments say they still have questions about Shell’s plans. They include how growth in the industry has outpaced the company’s assessment of cumulative effects, how changing flow in the Athabasca River will affect contaminant levels and how well Shell is able to control effluent from artificial lakes that will be used to store tailings.
CALGARY, Aug. 20, 2012 — /CNW/ – Shell, as operator of the Athabasca Oil Sands Project (AOSP), today announced that its oil sands operations have achieved the production milestone of 500 million barrels since production began in 2003.
“This is a tremendous achievement for Shell’s oils sands business,” said John Abbott, Executive Vice President, Heavy Oil. “This milestone is the result of the hard work and dedication of many thousands of employees and contractors. The oil sands are a secure, reliable source of energy for North America and an economic engine which drives employment, training and business development across Canada and beyond.”
FROM OUR AUGUST 2004 SHELL NEWS ARCHIVE…
Edmonton Sun (Canada): Shell bulks up!
Shell Canada Ltd now expects the next phase of expansion at its Athabasca oilsands project in northern Alberta to cost about $7.3 billion. That is nearly twice the estimated price released last fall.”
Wednesday 10 August 2005
CALGARY — Shell Canada Ltd. now expects the next phase of expansion at its Athabasca oilsands project in northern Alberta to cost about $7.3 billion.
That is nearly twice the estimated price released last fall.
Shell said yesterday its first major expansion at the Athabasca project, still targeting a 100,000-barrel-daily production boost, would now include “over-building” of common infrastructure to make further expansions cheaper and easier.
“The scope and scale of the expansion has been modified to include pre-building of infrastructure and utilities to support our longer-term goal of 500,000 barrels per day,” Shell spokesman Janet Annesley said.
Last month, the State Department formally invited public comment on the issues it should consider in a new environmental assessment of the Keystone XL, a 1,200-mile pipeline that would connect the Alberta oil sands to an existing pipeline in Nebraska. The review process was triggered when TransCanada filed a new pipeline application after its first proposal was rejected by President Obama in January. The department’s first environmental assessment was grossly inadequate, one of the main reasons President Obama rejected the proposal.
By Associated Press, Updated: Thursday, July 26, 5:18 PMAMSTERDAM — The chief executive of Royal Dutch Shell PLC on Thursday said that whichever political party wins the U.S. presidential election in November should formulate an energy policy with a view to achieving “near energy independence” within 20 years.
Swiss CEO Peter Voser, who heads Europe’s largest oil company, was speaking after his company’s second quarter earnings showed a greater than expected decline in profits, due mostly to lower oil prices.
At a meeting with analysts in London, Voser said that energy independence could be possible using a combination of newly-available technologies for extracting oil in difficult-to-reach areas, including the icy Alaska seas where Shell is undertaking exploratory drilling this summer, deep sea operations in the Gulf of Mexico, heavy oil sands, and especially developing the US’s large natural gas reserves would all help.
By Edward Klump – Jul 11, 2012 8:52 PM GMT+0100
A panel concluded it’s in the public interest for Shell’s Quest project to move ahead, Alberta’s Energy Resources Conservation Board said in a statement posted on its website and dated yesterday. The site is suited to long-term carbon-dioxide storage, and the proposal mitigates potential risks, the board said.
They want Alberta to demonstrate that recommendations are being followedBy Bob Weber, The Canadian Press July 9, 2012
Environmentalists are trying to force the Alberta government to show it’s followed through on previous recommendations to reduce the impact of oilsands mines before any more projects are approved.
The Oilsands Environmental Coalition has asked the regulatory panel examining Shell’s proposed Jackpine expansion to check into the status of dozens of recommendations by previous panels.
Those recommendations were conditions under which previous oilsands projects were given the OK, but there’s no information on whether they’ve been lived up to, said Simon Dyer of the Pembina Institute.
Tue May 29, 2012 6:58pm EDT
* Shell’s Voser says Canada can’t weather regulatory delay
* Supports Ottawa’s plans for streamlining
* Can add Athabasca oil sands volumes for under $50/bbl
CALGARY, Alberta, May 29 (Reuters) – Canada only has until the end of this decade to build up its liquefied natural gas industry or face being overtaken by other countries looking to cash in on booming demand for the fuel throughout Asia, Royal Dutch Shell Plc’s chief executive said on Tuesday.
CALGARY, Alberta | Tue May 29, 2012 5:05pm EDT
May 29 (Reuters) – Peter Voser, chief executive of Royal Dutch Shell Plc said on Tuesday that the company expects to expand production from its 255,000 barrel per day Athabasca Oil Sands Project by as much as 90,000 bpd by the end of the decade.
Voser told reporters in Calgary that Shell plans a series of debottlenecking operations that will add new production at a cost of less than $50 per barrel.
He also warned that Canada has to become competitive in Asia’s liquefied natural gas market during the current decade.
Published May 28, 2012 Dow Jones Newswires
CALGARY – Royal Dutch Shell (RDSA) has put its Orion oil-sands project near Cold Lake, Alberta, up for sale.
Orion is an underground steam-injection project that produces 5,000 barrels a day of oil and generated operating income of C$15.6 million (US$15.2 million) during the first quarter, according to the investment bank Scotia Waterous, which is organizing the sale.
Scotia didn’t say what the estimated value of the Orion project was, and representatives of Scotia and Shell weren’t immediately available to comment.
22 May 2012
At today’s Shell AGM link at the Barbican the suits on the Shell board were given a 3 hour grilling, with questioners focussing attention on its environmental and human rights crimes around the world. Spread throughout the auditorium, hooded London Rising Tide & friends’ grim Shell reapers stood silently awaiting direction from the board toward their next appointment with Shell induced death and environmental destruction.
The grim figures stood motionless for almost an hour while Messrs Ollila and Voser, Chairman & CEO, attempted to defend Shell’s ravenous pursuit of profit above all else at the expense of:
– the pristine Arctic, where drilling and probably spilling will begin in the summer;
– the Canadian boreal forest, where Tar Sands “extraction” has increased by 100k barrels per day
– the once beautiful fish spawning grounds of the Niger Delta, now clogged with a “Deepwater Horizon’s” worth of oil every year
THE HAGUE, Netherlands, May 23 (UPI) — Plans by Shell to expand operations in oil fields in the Canadian province of Alberta are threatening the environment, a tribal group said.
Leaders from the Athabasca Chipewyan First Nation presented a report to Shell shareholders at The Hague, Netherlands, highlighting concerns about the environmental impacts of oil development in Alberta.
Eriel Deranger, a spokeswoman for the group, said Shell’s plans for the region are harming traditional tribal lands, including sensitive watersheds in the area.
By Eduard Gismatullin – Apr 26, 2012 7:48 AM GMT+0100
Excluding one-time items and inventory changes, Shell posted profit of $7.28 billion, compared with the $6.7 billion average estimate of eight analysts surveyed by Bloomberg.
Chief Executive Officer Peter Voser said asset sales this year are likely to be in excess of $4 billion, compared with earlier expectations of $2 billion to $3 billion. The company generated additional cash in the quarter from new projects in Canada’s Athabasca oil sands and Qatar as Brent crude traded 12 percent higher than a year earlier.
By Dave Cooper, Edmonton Journal April 10, 2012 2:06 AM
Shell Canada will buy 740 hectares of private land north of Grande Prairie in a venture with the Alberta Conservation Association (ACA), the oil giant announced Monday.
With a mix of woodlands, grasslands and wetlands along the Ksituan River, the site – now called the Shell True North Forest – is near the town of Spirit River, less than a kilometre south of Moonshine Provincial Park.
Previously used for grazing cattle and hay production, the land will be jointly managed to conserve biodiversity while allowing low-impact recreation, such as hiking and bird watching, the oil giant said in a news release.
CLICK ON IMAGE TO ENLARGE
I have in the past viewed your web site and have always found the items interesting. Thus, I am being so bold to tell you about a book that I have written on the early oil sands history in which I have included a chapter devoted to Royal Dutch Shell that some of your visitors might find to be of interest.
The chapter centres around three separate requests that Shell put forth before the government of Canada that was greatly opposed when news of the request was leaked. The year 1917. The request sole concession of the northern half of the province of Alberta and an even larger portion of land along the Mackenzie River in the NWT. In total, the concession amounted to 75,000 square miles larger than the whole of Alberta.
I caught up with Peter Voser, the chief executive of Royal Dutch Shell, this week at the IHS Cera annual energy conference in Houston, and he gave me an earful…
March 9, 2012, 4:00 pm
For a Shell Executive, Much Head-ScratchingBy CLIFFORD KRAUSS
Europe is generally considered greener than the United States, but its oil executives certainly share American oil executives enthusiasm for drilling.
I caught up with Peter Voser, the chief executive of Royal Dutch Shell, this week at the IHS Cera annual energy conference in Houston, and he gave me an earful about what he characterized as Americas lack of direction when it comes to having a national energy policy.
Royal Dutch Shell is getting closer to winning approval to drill in Alaskas Arctic waters after several years and more than $4 billion worth of efforts. But for the Swiss-born executive, it is bewildering to watch the Obama administration withhold approval of the Keystone XL pipeline, which would carry crude from oil sands in Canada to refineries on the gulf coast. (Shell is a big investor in the Canadian oil sands.)