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Posts under ‘Oil’

Campaign to blacklist fossil fuel investments

According to an article published by The Financial Times on 26 April 2015: “The Prince of Wales is the most prominent name to emerge from a Financial Times’ survey of British individuals and institutions that are shunning coal, oil and gas company holdings.” The FT article – PRINCE CHARLES SHUNS FOSSIL FUEL INVESTMENTS – lists […]

Shell to suffer profits plunge on oil price collapse

An article by Christopher Williams published 26 April 2015 by The Sunday Telegraph Shell to suffer profits plunge on oil price collapse Dutch earthquake fears also trim gas production Shell is expected to reveal this week that the collapse in the price of oil has wiped off two thirds of its first quarter profits. The […]

Predators circle with BP still stuck in deep water

By Nick Fletcher published Sunday 26 April 2015 by The Observer/Guardian Predators circle with BP still stuck in deep water Meanwhile, BP could also be put on the spot about its commitment to being more open about its impact on climate change, after 98% of shareholders at its recent annual meeting called for more transparency. The company agreed […]

U.S. Maps Pinpoint Earthquakes Linked to Quest for Oil and Gas

“Predicting risk is also hard, the report noted, because there is no scientific consensus on just how powerful such quakes can be. The report estimated the effects of shocks up to magnitudes 6 and 7, while noting that some scientists have speculated that the catastrophic 7.9-magnitude earthquake in China in 2008 was caused by human […]

Royal Dutch Shell Oil Platform ‘Polar Pioneer’

My name is Michael McNerney and I am retired Coast Guard having worked in Marine Safety. I’ve worked in the Puget Sound AOR and enjoyed working around the Maritime Environment and the ships that pass through. I also take photo’s and this is just amazing to me to have this engineering marvel stop off in […]

Shell Sees Petrobras Emerging Stronger From Corruption Scandal

By Mario Sergio Lima and Rachel Gamarski published by Bloomberg.com 23 April 2015 Royal Dutch Shell Plc, poised to become Brazil’s biggest oil producer after Petroleo Brasileiro SA, said the state-run driller will emerge strengthened from a corruption scandal and the industry’s biggest debt load. Speaking to reporters in Brasilia after meeting with President Dilma Rousseff, Chief Executive […]

Shell’s Brazil strategy factors in Petrobras scandal -CEO

Shell’s Brazil strategy factors in Petrobras scandal -CEO Thu Apr 23, 2015 7:04pm BST (Reuters) – Royal Dutch Shell Plc has taken into account the risks presented by the Petrobras graft scandal to its expanding operations in Brazil and is confident the Brazilian state-run oil company will emerge stronger, Shell’s CEO said on Thursday. Chief […]

How The Majors Are Playing The Oil Price Slump

Article by Nick Cunningham published 22 April 2015 by OilPrice.com How The Majors Are Playing The Oil Price Slump The largest oil and gas companies are employing different strategies to weather the downturn and plan for the future. Each strategy has its risks, and not all may work out. Which companies will emerge stronger after […]

Shell Learned Some ‘Expensive Lessons’ in Arctic, Jewell Says

Article by Harry Weber published April 20, 2015 by Bloomberg.com Royal Dutch Shell Plc learned “some very painful and expensive lessons about contractors” from its mishaps drilling in the Arctic in 2012, U.S. Interior Secretary Sally Jewell said. Shell learned how to better manage companies it relies on for critical aspects of its offshore drilling programs, Jewell […]

BP, Shell ship Canada crude cargoes from Texas to Europe: ClipperData

(Reuters) – BP Plc and Royal Dutch Shell each have shipped cargoes of Canadian crude oil out of the Texas coast this month, according to industry firm ClipperData, highlighting a once-rare journey that is expected to become more common. The two Aframax tankers loaded from Enterprise Products Partners LP’s export terminal in Freeport, Texas, according to the […]

What the BP Oil Disaster Tells Us About Arctic Drilling: Keep Out!

BY CAROL BROWNER AND MICHAEL CONATHAN 4/20/15 Five years ago today, an explosion on board the oil rig Deepwater Horizon killed 11 men and unleashed one of the largest and costliest offshore oil disaster this nation has ever experienced. By the end of 2014, BP, the company primarily responsible for the disaster, estimated the overall […]

BG Deal May Leave Shell’s Arctic Ambitions In Limbo

By Nick Cunningham: Sun, 19 April 2015 Royal Dutch Shell’s purchase of BG will turn the combined company into a natural gas behemoth. But one casualty of the merger could be one of Shell’s iconic drilling campaigns: the Arctic. The Arctic is thought to hold 13 percent of the world’s undiscovered oil reserves, and 30 percent […]

‘Big Oil’ poring over troubled waters

‘Big Oil’ poring over troubled waters By Mark Robinson, 17 April 2015 The severity of crude oil’s collapse meant that its effects were always likely to be felt far beyond petrol station forecourts. Reduced assumptions on future pricing convinced oil and gas majors, already given over to renewed capital discipline, to also accelerate the reduction in […]

Giant oil rig arrives in Port Angeles as protesters take to waters off Ediz Hook

Giant oil rig arrives in Port Angeles as protesters take to waters off Ediz Hook By Chris McDaniel and Paul Gottlieb: Peninsula Daily News PORT ANGELES — A 355-foot-tall offshore oil rig entered Port Angeles Harbor at 7:10 a.m. for a two-week stay, and it was met with protesters in kayaks and inflatable boats obeying a […]

Protesters meet Arctic drill rig in Washington harbor

Associated Press article published by The Houston Chronicle 17 April 2015 Protesters meet Arctic drill rig in Washington harbor PORT ANGELES, Wash. (AP) — Protesters in kayaks greeted a rig that could be used for oil drilling in the Arctic as it arrived Friday in Washington state following a journey across the Pacific that included […]

Another sudden high level departure from Shell surrounded by intrigue

By John Donovan Another sudden high level departure from Royal Dutch Shell PLC surrounded by intrigue Andrew Longden,  Executive VP of Treasury and Corporate Finance of Royal Dutch Shell Plc is departing the company in June, in unexplained circumstances.  *In November 2003, Mr. Longden joined Shell as its Group Treasurer, with overall responsibility for treasury, risk […]

Shell Said to Hire Barclays to Arrange $15 Billion BG Loan

Article by Stephen Morris published 17 April 2015 by Bloomberg.com Royal Dutch Shell Plc hired Barclays Plc to help arrange a 10 billion pound ($15 billion) loan to help fund its purchase of BG Group Plc, two people with knowledge of the matter said. The short-term bridge facility will replace an existing 3 billion-pound loan provided […]

Landmark Deal Curbs Flaring Pollution

Top oil-producing nations and companies pledge to eliminate the waste of natural gas that also exacerbates global warming April 17, 2015 |By Lisa Friedman and ClimateWire Top oil-producing nations, including the Russian Federation, Kazakhstan and Angola, as well as Royal Dutch Shell PLC and other companies say they will stop flaring natural gas by 2030 […]

Total, BP say feel no M&A pressures after Shell deal

PARIS/LONDON | BY MICHEL ROSE AND DMITRY ZHDANNIKOV: Thursday 16 April 2015 (Reuters) – French oil major Total (TOTF.PA) and British rival BP (BP.L) are under no pressure to make acquisitions after the recent takeover of BG Group by Anglo-Dutch rival Shell (RDSa.L), they said on Thursday. Royal Dutch Shell (RDSa.L) unveiled plans last week […]

Shell plan is out: Company hopes for Chukchi drilling this year; BOEM says plan complete

By Alan Bailey of Petroleum News: Week of April 19, 2015 Shell plan is out: Company hopes for Chukchi drilling this year; BOEM says plan complete The Bureau of Ocean Energy Management has deemed Shell’s Chukchi Sea exploration plan complete, has published the plan on the BOEM website and is inviting public comments on the document. Shell […]

Shell failing to do enough to prevent ‘major accidents’ at north east site

An article by Ashleigh Barbour published 16 April 2015 by The Press and Journal  Shell failing to do enough to prevent “major accidents” at north east site Offshore giant Shell has been accused of breaking safety rules at its site at the huge St Fergus gas terminal. The Health and Safety Executive (HSE) has issued an […]

Oil CEO Wages Immune to Price Slump as Shareholders Vote on Pay

Article by Rakteem Katakey published 15 April 2015 by Bloomberg.com Ben van Beurden, Chief Executive Officer of Royal Dutch Shell Plc, pauses as the company announce their fourth-quarter results in London on Jan. 29. Photographer: Chris Ratcliffe/Bloomberg Oil’s plunge has forced the world’s biggest energy producers to lay off workers and stall projects. Their chief executive […]

En route to Seattle, controversial Arctic drill rig will stop in Port Angeles on Friday

Article by Chris McDaniel published 14 April2015 by Peninsula Daily News En route to Seattle, controversial Arctic drill rig will stop in Port Angeles on Friday PORT ANGELES — The Polar Pioneer — a huge semi-submersible offshore drilling rig that had been hounded of late in the Pacific by Greenpeace activists ­— is expected to arrive […]

SHELL TO ACQUIRE BG: IMPLICATIONS FOR THE NORTH SEA

14 April 2015 Shell announced an offer of a £47bn ($70bn) acquisition of BG in the second biggest oil and gas deal on record after Exxon and Mobil’s £51bn ($75.3bn) merger in 1998.  Shell and BG expect to make annual savings of £1.7bn ($2.5bn) and the combined company is estimated to be worth £180bn ($266bn). […]

Coast Guard creates ‘First Amendment zone’ in Puget Sound for anti-Shell protests

Article by Joel Connelly published 14 April 2015 by seattlepi.com Coast Guard creates ‘First Amendment zone’ in Puget Sound for anti-Shell protests The U.S. Coast Guard, with help from activist groups, has identified an informal  “First Amendment Zone,” just north of Terminal 5, where protesters can take to the water against Shell Oil’s Arctic drilling […]

Chevron A Safer Bet Than Shell

SeekingAlpha.com article published 13 April 2015 Chevron A Safer Bet Than Shell Shell has lost a huge amount of money in its shale bets in North America to the tune of $900 million alone in 2014. As a result, Shell is cutting spending by 20% to lower its North American shale exposure to try and […]

Nigeria: Govt Receives $48 billion From Shell in Four Years

Nigeria: Govt Receives N9.6 Trillion From Shell in Four Years By Roseline Okere: 14 April 2015 The Shell Petroleum Development Company of Nigeria Limited (SPDC) paid $48 billion (N9.6 trillion) revenues to the Nigerian government from 2010 to 2014. Also, the company paid $3 billion (N600 billion) share of royalties and taxes to the Nigerian […]

Shell Wins Lawsuit Against Greenpeace

Royal Dutch Shell Wins Lawsuit Against Greenpeace Royal Dutch Shell was granted a restraining order against six Greenpeace activists who boarded the company’s vessel last week By: MICHEAL KAUFMAN: Published: Apr 14, 2015 at 11:22 am EST A group of Greenpeace protesters have left the vessel carrying Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) oil rig, six […]

Shell to Sell 25% Of Its UK Petrol Stations

By: MICHEAL KAUFMAN: Published: Apr 14, 2015 at 8:11 am EST Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has agreed to sell 25%, or 185, of its petrol stations in the UK. The sale of the petrol stations is part of the company’s cost-cutting strategy amid the declining crude oil price. Another strategy of the company is […]

Shell’s Artic Fate To Be Decided Soon

Article by Andy Tully published Monday 13 April 2015 by OilPrice.com The US government has begun its full review of an application by Royal Dutch Shell to resume offshore drilling for oil and gas in the Arctic Ocean off the Alaskan coast. The US Bureau of Ocean Energy Management (BOEM), an arm of the Interior Department, said […]

Judge orders Greenpeace away from Shell vessels

ARTICLE BY TIM BRADNER PUBLISHED BY ALASKA JOURNAL OF COMMERCE 13 APRIL 2015 The free ride is over for six Greenpeace activists who hitched a ride mid-Pacific on the Shell-chartered Blue Marlin, a heavy-lift ship carrying the semi-submersible rig Polar Pioneer to the Pacific Northwest, its way-stop on the rig’s journey to drill in the […]

Shell Betting Its Future On LNG

Article By Nick Cunningham published Sun, 12 April 2015 by OilPrice.com Shell Betting Its Future On LNG Could the largest energy deal in over a decade begin a new wave of mergers and acquisitions? Is LNG really the future? How Will ExxonMobil Respond? And perhaps more importantly, does the mega-deal between Royal Dutch Shell (RDS.A) and BG […]

Kashagan to Start Production in 2017, Says Royal Dutch Shell Report

BY MICHELLE WITTE in BUSINESS on 13 APRIL ASTANA – Production at Kazakhstan’s giant Kashagan offshore oil field is expected to restart in 2017, Royal Dutch Shell stated in its 2014 annual report. “After the start of production from the Kashagan field in September 2013, operations had to be stopped in October 2013 due to […]

Oil price down, coffers full: now Big Petroleum is in the mood for mergers

The energy sector looks set for a round of mergers and acquisitions. Illustration: David Simonds for the Observer The world of Big Oil looks set for another round of mega-mergers and acquisitions after Shell set the ball rolling this week with its $70bn agreement to take over BG. FULL ARTICLE Like this:Like Loading…

BP left stranded by US vilification as rejuvenated Shell storms ahead

Article by Jeremy Warner published 12 April 2015 by The Sunday Telegraph  BP left stranded by US vilification as rejuvenated Shell storms ahead They say that fortune favours the brave. Ben van Beurden (right), chief executive of Royal Dutch Shell, will be hoping they are right, for by firing the starting gun on a new wave of oil […]

Greenpeace activists abandon Arctic drill rig retained by Shell after six-day stay

Associated Press article published by Fox News 11 April 2015 Greenpeace activists abandon Arctic drill rig retained by Shell after six-day stay SEATTLE –  Greenpeace says six activists opposed to offshore drilling in the Arctic have abandoned a Seattle-bound drill rig they boarded in the Pacific Ocean six days ago. The organization said in an […]

New Sea Drilling Rule Planned, 5 Years After BP Oil Spill

Article by CORAL DAVENPORT published APRIL 10, 2015 by The New York Times New Sea Drilling Rule Planned, 5 Years After BP Oil Spill WASHINGTON — The Obama administration is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP […]

BG acquisition offers Shell opportunity for major strategy change

By Paddy Briggs As a Shell “lifer” – more than forty years if you include my time as a Director of the Pension  Fund – I cannot recall a bigger strategic shift than the acquisition of BG. It offers the Corporation a unique opportunity to do what Tom Peters called “stick to its knitting” – to concentrate on […]

Shell Acquisition of BG Group to Create Giant Operator of LNG Ships

LONDON –  Royal Dutch Shell PLC’s (RDS.A) planned $70 billion acquisition of BG Group PLC would create a giant operator of liquefied-natural-gas vessels, offering owners that charter the ships more opportunities for lucrative, long-term contracts in an otherwise-depressed shipping industry. “The merger offers owners more flexibility and better utilization of their fleets, which could mean […]

Following the Shell-BG deal, could Exxon bid for BP?

Article by Jim Armitage published by The Independent on Friday 10 April 2015 Following the Shell-BG deal, could Exxon bid for BP? Another day, another tide of speculation sweeps through the City investment banks about oil industry takeovers following Shell’s £47 billion bid for BG, the UK’s third largest energy supplier. Even that old saw […]