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Posts under ‘Oil’

Sea ice could keep Shell away from the Arctic until mid July

Sea ice could keep Shell away from the Arctic until mid July Posted on June 29, 2015 | By Jennifer A. Dlouhy WASHINGTON — Thick sea ice could clog the site of Shell’s planned oil wells in the Arctic Ocean until late July, potentially shaving a week off the company’s already narrow window for exploratory […]

Royal Dutch Shell Seeks Funding For Carbon Capture Project

By: MICHEAL KAUFMAN: Jun 29, 2015  Global warming concerns have been receiving more and more media attention, as major oil companies also plan to address the issue, considering its potentially adverse effect on the environment. Goldeneye, an abandoned offshore natural gas production platform that is connected to the Scottish coast via a 100 kilometer long pipeline, […]

Activists deploy against Shell’s arctic plans

Activists deploy against Shell’s arctic plans By Daniel J. Graeber: June 29, 2015 MUKILTEO, Wash., June 29 (UPI) — Activists said Monday they took to the water off the Washington state coast in kayaks to try to slow progress of a Shell drilling rig bound for arctic waters. “We know we can’t stop them,” Carlo […]

Shell’s Arctic oil drill platform Polar Pioneer heaves into Dutch Harbor Alaska

Shell’s Arctic oil drill platform Polar Pioneer heaves into Dutch Harbor Alaska Information and magnificent copyrighted photograph’s kindly provided by Gary Braasch, Photographer & Journalist from World View of Global Warming.org  Please see copyright notice at foot of article. Use your browser to enlarge images.  Shell’s Arctic oil drill platform Polar Pioneer heaves into Dutch Harbor Alaska […]

Polar Pioneer arrives in Dutch Harbor for Chukchi Sea drilling

By Chris Klint, Senior Digital Producer, [email protected]; June 28, 2015 The first of two drilling rigs, scheduled to conduct exploratory drilling for Shell in the Chukchi Sea this summer, has arrived in the Aleutian Islands port of Dutch Harbor this weekend. The federal government has given Transocean’s Polar Pioneer, contracted by Shell, a green light to […]

Shell Heads for Alaska While Awaiting Final Drilling Permits

Shell Heads for Alaska While Awaiting Final Drilling Permits ANCHORAGE, Alaska — Jun 26, 2015, 3:42 PM ET By DAN JOLING Associated Press One Royal Dutch Shell offshore drill rig is headed to Alaska and a second is poised to leave, despite lacking final federal permits that would allow exploratory drilling and possible confirmation of […]

Shell’s Secret Sale of Oil, Gas Reserves In Bayelsa State, Nigeria

Shell’s Secret Sale of Oil, Gas Reserves In Bayelsa State, Nigeria “We just woke up one morning and started reading in the newspapers and the electronic media that our oil fields have been sold by Shell Petroleum Development Company Limited (SPDC) and acquired by an unknown company – Aiteo Eastern Exploration and production company limited…” […]

Curious coincidence involving Shell, Iran, Noble Corp and $2.16 billion

FROM A REGULAR CONTRIBUTOR The former owners of the Frontier drilling company sold their rigs to Noble for $2.16 billion in 2010. Given that their fleet of five vessels consisted of ancient rust buckets which were fit only for the scrapyard, this has always seemed like an inordinately large sum. The five vessels had been […]

Shell Executives Visit Tehran for Projects If Sanctions End

by Javier Blas 24 June 2015 Royal Dutch Shell Plc executives have visited Tehran to discuss possible partnerships, the latest sign that the largest oil companies are serious about returning to Iran once a deal on the country’s nuclear program is done. The meeting with Iranian officials covered its outstanding debt to National Iranian Oil Co. […]

Shell’s Arctic drilling plans may hit permitting snag

Shell’s Arctic drilling plans may hit permitting snag June 23, 2015 | By Jennifer A. Dlouhy WASHINGTON — Shell’s plans to bore two wells in the Arctic Ocean this summer may be jeopardized by an obscure permitting requirement that effectively bars drilling operations close to each other in waters off Alaska. The restriction highlighted by […]

How the European Oil Industry Decided to Save the Climate

By Javier Blas: June 23, 2015 By the time the convention chat turned into action, Royal Dutch Shell Plc, BP Plc, Total SA, Eni SpA, Statoil ASA and BG Group Plc published an unprecedented open letter on climate change. Breaking with their biggest U.S. competitors, they announced their support for efforts to put a cost […]

Anchorage Residents Hold ‘Keep Shell Out of the Arctic!’ Rally

Anchorage Residents Hold ‘Keep Shell Out of the Arctic!’ Rally Kirby Spangler Jun 22, 2015 Anchorage, Alaska – Following weeks of demonstrations in Seattle protesting Royal Dutch Shell’s Arctic Drilling program, Anchorage residents gathered on the corner of Northern Lights and Minnesota at a local Shell gas station to join the international chorus speaking out […]

Coast Guard clears Shell drillship bound for Arctic

Coast Guard clears Shell drillship bound for Arctic Posted on June 22, 2015 | By Jennifer A. Dlouhy The drillship Noble Discoverer undergoes sea trials off Singapore in November 2014. WASHINGTON — As one of Shell’s Arctic drilling rigs makes its way to Alaska, a second is waiting in the wings. The Noble Discoverer, now […]

Then & Now: Launching a ‘Mind Bomb’ to save the Arctic

Then & Now: Launching a “Mind Bomb” to save the Arctic By Emily Hunter – 22 June, 2015  Staring out at the crashing waves of the Pacific Ocean, I feel a sense of past and present colliding. Forty-four years ago in these same waters off Canada’s west coast, my father Robert Hunter and a group […]

JPMorgan UK Strategic Growth fund sells Shell

By Eleanor Lawrie The JPMorgan UK Strategic Growth fund has sold out of Royal Dutch Shell as the oil and gas sector is hit by weak prices and disappointing earnings. read moreLike this:Like Loading…

Shell returns to Unalaska with first of fleet arriving

June 19th 3:57 pm | Jim Paulin Most of Shell’s ocean-going fleet will be anchored offshore, while laying over in Unalaska/Dutch Harbor, before departing to drill exploratory wells in the Arctic Ocean; …the Shell fleet includes two drill rigs, and another 25 vessels for supplying the rigs and for oil spill response. Shell is back […]

Shell’s blowout response tests hailed a success

Shell’s blowout response tests hailed a success Written by Keith Findlay – 19/06/2015 5:02 pm Royal Dutch Shell has successfully used and tested emergency equipment meant to respond to a well blowout in the Arctic Ocean, US regulators said today. Officials with the Interior Department’s Bureau of Safety and Environmental Enforcement oversaw exercises, carried out on Tuesday and Wednesday in waters […]

Government hides fears over Shell’s Arctic spill safety

Government hides fears over Shell’s Arctic spill safety Christine Ottery / Greenpeace Energydesk: 19 June 2015 As Shell’s Polar Pioneer drilling rig sails from Seattle into the north Pacific, Christine Ottery discovers that US federal regulators had serious concerns about the company’s safety equipment designed to contain any oil spill. A US government department hid […]

Shell starts moving fleet north for Chukchi drilling; permits slot into place

The season approaches: Shell starts moving fleet north for Chukchi drilling; permits slot into place Alan Bailey: Petroleum News: Week of June 21, 2015 Elements of Shell’s Chukchi Sea fleet are on the move, heading north in preparation for drilling during this season’s Arctic open water season. The barge Arctic Challenger, holding Shell’s Arctic oil containment system, […]

Former Shell Worker Cites Unsafe Conditions on Oil Ship

Former Shell Worker Cites Unsafe Conditions on Oil Ship SEATTLE — Jun 19, 2015, 3:07 PM ET By MARTHA BELLISLE Associated Press A woman who was injured while working on one of Shell’s Arctic drilling support ships has filed a federal lawsuit saying the company compromised safety in its rush to drill for oil. Anita […]

Greenpeace protesters confront Shell Arctic drilling rig off B.C. coast

Greenpeace protesters confront Shell Arctic drilling rig off B.C. coast Royal Dutch Shell drilling rig left Seattle Monday en route to offshore oil drilling in Alaska Protests against Royal Dutch Shell’s Arctic drilling program continued Wednesday, with Greenpeace activists confronting the drilling rig off the coast of B.C. on its trip north from Seattle, Wash. […]

Shell Cleared For Exploration Off Nova Scotia

By Andy Tully: Posted on Wed, 17 June 2015 Shell Canada Ltd. is ready to begin exploratory drilling off the coast of Nova Scotia now that it has received conditional approval for the project from the country’s environmental minister. Canada’s Environmental Assessment Agency issued the decision the night of June 15 after the environmental minister, Leona […]

Low oil price hits $200 billion in mega-projects

* Ernst and Young say more project delays likely * Say at least 24 projects worth more than $1 bln put on ice By Ron Bousso LONDON, June 16 (Reuters) – Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to […]

Shell gets environmental ok for Canada offshore drilling project

Shell gets environmental ok for Canada offshore drilling project Markets | Mon Jun 15, 2015  Canada’s environment ministry on Monday said it had approved an East Coast offshore drilling project led by Royal Dutch Shell Plc, saying the exploration project was “not likely to cause significant adverse environmental effects.” The approval is contingent on the […]

Kayak protesters detained after trying to stop Shell oil rig from leaving Seattle for Alaska

Kayak protesters detained after trying to stop Shell oil rig from leaving Seattle for Alaska By PHUONG LE Associated Press JUNE 15, 2015 SEATTLE — The U.S. Coast Guard says it has detained several protesters in kayaks who tried to block Royal Dutch Shell’s drill rig as it leaves Seattle on its way to explore […]

Iran Welcomes Shell, BP, Total and American Oil Companies

Iran Welcomes Shell, BP, Total and American Oil Companies Dr. Majid Rafizadeh Become a fan: President of the International American Council: 14 June 2015 “Royal Dutch Shell PLC, which owes the Islamic Republic an outstanding debt of more than $2 billion, has been talking about repaying Iran after the nuclear deal is signed, and consequently the […]

Ijaw Communities Head to S’Court Over $1.5 bn Oil Spillage Suit

14 June 2015 Leaders of an Ijaw communities in Bayelsa state have headed to the Supreme Court over the $1.5b oil spillage and environmental degradation suit against Shell Petroleum Development of Nigeria, which was struck out by the Federal Appeal Court in Port Harcourt, Rivers State. The leader of the Ijaw group, Mr. Pere Ajuwa,  […]

Shell removing non-essential workers from Gulf of Mexico

Shell removing non-essential workers from Gulf of Mexico Markets | Sun Jun 14, 2015 9:50pm EDT (Reuters) – Leading Gulf of Mexico oil producer Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc , said it was removing non-essential workers from offshore platforms as a precautionary measure ahead of a low-pressure storm system […]

Motiva plans in-house trading organization for refined products

Motiva plans in-house trading organization for refined products Markets | Thu Jun 11, 2015 1:13pm EDT (Reuters) – Motiva Enterprises said on Thursday that it was planning to form its own products trading organization for transport fuels and refinery intermediates to enhance its market participation through direct dealings with customers. The company said it started […]

U.S. appeals court rejects challenge to Shell spill plans in Alaska

U.S. appeals court rejects challenge to Shell spill plans in Alaska Business News | Thu Jun 11, 2015 3:47pm BST A divided federal appeals court rejected an effort by environmental groups to void a U.S. agency’s approval of two oil spill response plans by Royal Dutch Shell Plc (RDSa.L) related to the company’s oil leases […]

Nigerian auditors find NNPC failed to remit $11.6 bil in LNG export revenue

Nigerian auditors find NNPC failed to remit $11.6 bil in LNG export revenue NNPC holds 49% equity in NLNG on behalf of the Nigerian government, with partners Shell (25.6%), Total (15%) and ENI (10.4%.) 11 June 2015 State-owned Nigerian National Petroleum Corporation has not remitted $11.6 billion in dividends and loan and interest repayments earned […]

Shell calls ‘Force-Majeure’ on Ukraine project

Shell calls ‘Force-Majeure’ on Ukraine project Sources familiar with the situation said Ukraine’s government received a “Notice of Withdrawal” from Shell on a project that they had hoped could raise up to $10bn of investment and further diversify gas imports away from Russia, Roman Olearchyk reports from Kiev. Shell said it “has been prevented from […]

Seattle protesters plan kayak blockade to stop Shell rig departure

Seattle protesters plan kayak blockade to stop Shell rig departure June 10, 2015 7:49AM ET Updated 5:30PM ET by Renee Lewis Seattle activists opposed to Arctic drilling have vowed to launch a kayak blockade to prevent the departure of Shell’s drilling rig, and said they have hundreds of protesters standing to hit the water as soon as […]

Oil companies reach $345 million settlement with Quebec train crash victims

Victoria Young; 11 June 2015 A group of oil companies has come to an agreement with victims of the 2013 oil train derailment in Quebec, Canada. The train had been carrying 7.7 million litres of crude oil when it crashed, resulting in a massive spill and an explosion that killed 47 people. Royal Dutch Shell, […]

U.S. Ousts Russia as Top World Oil, Gas Producer

Article by Rakteem Katakey published 10 June 2015 by Bloomberg.com The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields. U.S. oil production rose to a record last year, gaining 1.6 million barrels a day, according […]

BP sees ‘tectonic shift’ in world energy production

BP sees ‘tectonic shift’ in world energy production Oil giant’s chief economist says energy consumption slowed dramatically last year as China cutback and Opec battled US shale drillers for supremacy of world markets By Andrew Critchlow, Commodities editor:10:00AM BST 10 Jun 2015 Global energy consumption slowed to its slowest rate of growth since the late […]

Royal Dutch Shell stock has fallen by over 26% in the last year

By: MICHEAL KAUFMAN: Published: Jun 10, 2015  The stock for Royal Dutch Shell Plc. (ADR) (NYSE:RDS.A) has fallen by over 26% in the last one year. The S&P 500 during the same period rose by 6.71%. The decline in the stock prices of energy companies has been a norm. Over the last one year, crude oil […]

Shell’s Arctic drilling is the real threat to the world, not kayaktivists

By Bill McKibben, Naomi Klein and Annie Leonard Tuesday 9 June 2015 14.52 BST Shell has one or two rivals for the title of Planet’s Most Irresponsible Company, but it’s definitely the most ironic. The grand irony, of course, is that, having watched the Arctic melt as global temperatures rose, Shell was first in line to drill […]

What’s Latest On Protest Against Royal Dutch Shell plc In Seattle?

What’s Latest On Protest Against Royal Dutch Shell plc In Seattle? Bidness Etc takes a look at the latest developments taking place in Seattle as the activists oppose the terminal’s use on the Port of Seattle by Shell to park its Polar Pioneer rig By: MICHEAL KAUFMAN: Published: Jun 9, 2015  Multiple developments have taken place […]

Shell Plans to Drill In Arctic Ocean, Despite Setbacks, Protests and Lawsuits

Reaching for Remote Hydrocarbon Riches, Shell Oil Plans to Drill In Arctic Ocean, Despite Setbacks, Protests and Lawsuits By John J. Berger, Ph. D. Where are we heading now in our quest for more “cheap energy”? North, to the Arctic! Despite the Obama Administration’s jawboning about the dangers of climate change and the Administration’s Climate […]