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Posts under ‘Reuters’

Shell says its underperforming European refineries to get no mercy

Extract from Reuters article published Thursday 31 July 2014 (Reuters) – Anglo Dutch oil company Royal Dutch Shell will show no mercy to underperforming oil refineries in Europe as it seeks to improve returns, its chief executive said on Thursday. FULL ARTICLE

BP, Shell, Morgan Stanley seek end of oil price-fixing lawsuit

Extracts from a Reuters article by Jonathan Stempel published Tuesday 29 July 2014 (Reuters) – BP Plc, Royal Dutch Shell Plc, Morgan Stanley and other companies urged a U.S. judge to dismiss nationwide litigation claiming they conspired for 12 years to fix prices of Brent crude oil, a benchmark for the cost of gasoline and […]

Europe’s ‘ghost town’ refineries spook oil company results

Extracts from a Reuters article by Christopher Johnson published Wednesday 23 July 2014 LONDON, July 23 (Reuters) – Europe is coming under increasing pressure to close oil refineries as chronic over-capacity hits processing margins, dragging down group profits and hitting share prices. Poland’s PKN Orlen and Czech processor Unipetrol both announced unexpected large losses on […]

South African anti-fracking group threatens legal challenge

Extract from a Reuters article by Ed Cropley published 22 July 2014 under the headline: “UPDATE 1-S.African anti-fracking group threatens legal challenge” JOHANNESBURG, July 22 (Reuters) – A South African anti-fracking group threatened a legal challenge on Tuesday to government plans to grant shale gas exploration licences in the pristine semi-desert of the Karoo, saying […]

Shell’s Ho-Ho pipeline plagued by mechanical issues

Extract from a Reuters article by Catherine Ngai published Tuesday 22 July 2014 under the headline: “Ho-Ho pipeline slow to start but pickup anticipated- traders” (Reuters) – Royal Dutch Shell’s RDSs.L Houston-to-Houma pipeline meant to relieve bottlenecks in the country’s oil hub has been plagued by mechanical issues that have led the line to run […]

Shell suspends development of Canada’s Jumping Pound gas liquefaction unit

Extracts from a Reuters article published Friday 18 July 2014 LONDON, July 18 (Reuters) – Royal Dutch Shell said it has suspended development of a liquefaction unit at Canada’s Jumping Pound facility… “We believe LNG (liquefied natural gas) in transport is a considerable opportunity for Shell, but it is an emerging market and we must […]

Another serious shutdown at Shell Motiva refinery

Reuters article published Tue Jul 15, 2014 under the headline: “Damaged heater likely shut distillation unit at Motiva refinery” (Reuters) – A heavily damaged heater on a newly commissioned 325,000 barrel per day (bpd) crude distillation unit is the likely cause of a unexpected shutdown that may last up to five months at Motiva Enterprises […]

Shell leaves its peers behind on big gas-to-liquids plants

Reuters article by Alex Lawler published 10 July 2014 LONDON, July 10 (Reuters) – Shell will press on with new plants to convert gas to liquid fuels, its investment and technical edge leaving its peers behind in the process once seen as a radical game changer. The company has seen costs overrun at its flagship […]

Reflections on the notorious Kashagan ‘Cash All Gone” project 

By John Donovan In view of the recent shattering news from the jinxed Kashagan project… Production at Kazakhstan’s Kashagan Oil Field Halted Until 2016 …it is interesting to reflect back on the situation as it was in 2007, reported in this Reuters article by Tom Bergin. It seems that not much has changed. It also […]

Motiva Port Arthur refinery reaches throughput milestone – sources

“If it had been built better, if it had been designed better, it could be running more crude…” Extracts from a Reuters article by Erwin Seba published by The Chicago Tribune on 3 July 2014 HOUSTON (Reuters) – The nation’s largest refinery hit a throughput milestone last week, processing 615,000 barrels in one day for […]

New infrastructure players to help UK North Sea in twilight years

Extract from a Reuters article by CLAIRE MILHENCH published 1 July 2014 (Reuters) – The ageing oil and gas network of the UK North Sea is seeing a welcome rise in interest from infrastructure specialists and pension funds, giving oil majors a chance to offload unwanted assets and ultimately improve recovery from mature fields. Talisman, […]