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How Much Further Do BP plc And Royal Dutch Shell Plc Have To Fall?

By Royston Wild – Thursday, 26 November, 2015 To say that 2015 has represented another ‘annus horribilis’ for the oil industry would be something of a colossal understatement. Of course the year has yet to run its course, and the fossil fuel sector will be pinning their hopes on a ‘Santa Rally’ to put down […]


BY JENNIFER MCKIERNAN POLITICAL REPORTER, 26 NOV 2015 PLANS for a £1 billion carbon capture and storage plant at Peterhead have been axed by Chancellor George Osborne in his autumn spending review. The project, which would have been the world’s first CCS plant, had been expected to create 600 jobs in the North-east. A spokesman […]

UK scraps one billion pound carbon capture technology scheme

“Without that funding, we no longer see a future for the Peterhead project in the near term,” a spokesman for Shell said. LONDON | BY SUSANNA TWIDALE: Wed Nov 25, 2015 Britain has scrapped plans to spend up to 1 billion pounds ($1.5 billion) to help commercialize the technology for capturing carbon dioxide emissions from power […]

By Charles Mandel | November 25th 2015 A handful of protesters from Sum of Us, Greenpeace, the Ecology Action and the Clean Ocean Action Committee delivered a massive 233,000-signature petition to the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) opposing what they said were extremely lax safety standards around Shell’s drilling program. Currently, if a subsea oil […]

UK government carbon capture £1bn grant dropped

A Shell spokesman said: “Shell is disappointed at the withdrawal of funding for the CCS Commercialisation Competition… 25 November 2015 The UK government has announced it is axing a £1bn grant for developing new carbon capture and storage (CCS) technology. Peterhead power station and the White Rose scheme in North Yorkshire were the bidders in […]

Royal Dutch Shell, Exxon Mobil and Glencore: Energy companies risk wasting trillions on uneconomic projects

By Jessica Morris: 25 November 2015 Energy companies risk wasting $2.2 trillion (£1.46 trillion) on uneconomic projects over the next 10 years, according to a new report. Think tank the Carbon Tracker Initiative’s (CTI) report how fossil fuel firms risk destroying investor returns says energy companies’ focus on fossil fuels at the expense of emerging clean technologies […]

Some Thoughts On Royal Dutch Shell’s Dividend In 2016

Casey Hoerth, Casey’s Finance Journal (Blog) : Nov. 25, 2015  Summary Shell expects substantial cost savings and capex cuts in 2016. Dividend sustainability in 2016 will depend on Brent crude prices. At this time, I prefer companies that can actually acquire with oil at these prices. Back in April, I wrote that Royal Dutch Shell’s (NYSE:RDS.A) dividend, […]

Shell’s £22,500 fine for North Sea oil spill slammed as ‘paltry’ by campaigners

The World Wildlife Fund warned the size of the fine would ‘do little to deter future poor behaviour’ Shell apologised for the lack of information and said it was not a deliberate attempt to cover up the spill.  Adam Barnett: 24 November 2015 A £22,500 fine imposed on the energy giant Shell as punishment for […]

Shell fined by Scottish court for 2011 North Sea oil spill

“Despite being responsible for the worst North Sea spill in a decade, the level of the fine is literally a drop in the ocean when compared to the billions earned by Shell annually…” LONDON: Business News | Tue Nov 24, 2015 2:42pm GMT Oil major Royal Dutch Shell (RDSa.L) was handed a 22,500 pound fine […]

Shell Canada fined $825,000 for Sarnia refinery pollution

CALGARY, ALBERTA Nov 24 The Ontario government on Tuesday ordered Shell Canada, a wholly owned subsidiary of Royal Dutch Shell, to pay C$825,000 ($620,487.36) in fines for discharging a contaminating odour from its Sarnia refinery in 2013. In a statement, the Ontario Ministry for Environment and Climate Change said Shell had pleaded guilty to one […]

Shell wins backing of Qataris for BG takeover

One of the biggest shareholders in Royal Dutch Shell has thrown its weight behind the oil group’s £43 billion takeover of BG Group, despite mounting concerns about the impact of plunging oil prices on the commercial logic that underpins the deal. The Qatar Investment Authority, the sovereign wealth fund that holds a stake of up […]

Shell handed £22,500 fine over August 2011 North Sea oil spill

November 24, 2015 12:30 pm The company carried out a review of its North Sea pipeline system following the leak, which came from a subsea pipeline in the Gannet field in August 2011. More than 200 tonnes of oil – about 1,300 barrels – entered the North Sea from the pipe about 112 miles east […]

Shell under fire over BG Group takeover as oil price slump continues

Robin Pagnamenta Energy Editor: November 24 2015 A leading Royal Dutch Shell shareholder has urged it to consider renegotiating the terms of its £43 billion takeover of BG Group. It said that circumstances had “changed so much” since the proposed deal was announced in April that Shell should cut the price. Figures show that investors are […]

Gas Field quakes hit Dutch dykes

Senay Boztas AMSTERDAM: 22 Nov 2015: Sunday Times THE Dutch are being forced to earthquake-proof their dykes after a spate of tremors blamed on the effects of extracting gas from the vast field running beneath the country. Although Holland lies far from any big geological fault lines, half a century of exploitation of the Groningen field […]

Shell joins queue of investors waiting on Iran oil contracts

Robin Pagnamenta read more

Questor delivers a damning verdict of the proposed Shell BG merger

An Opec meeting on December 5 could send oil price even lower and sound the ‘death knell’ for the deal. ‘If oil prices remain at these deeply depressed levels, then it could bring nothing but disaster. The famous Shell dividend could be cut, investors will be diluted and the shares would become a riskier prospect,’ […]

Questor share tip: Shell should walk away from BG

The FTSE 100 oil major has endured a turbulent year after announcing its offer for rival BG, says Questor. By John Ficenec, Questor Editor: 22 Nov 2015 SHELL’S [LON:RDSB] deal to buy gas group BG makes perfect sense on paper. But if oil prices remain at these deeply depressed levels, then it could bring nothing but […]

China wants LNG supply concessions in return for BG merger approval, sources say

Beijing holding a “wonderful piece of leverage” by Veselin Valchev: Friday, 20 Nov 2015 Royal Dutch Shell Plc (LON:RDSA) might have to shell out in order to get regulatory approval from Chinese authorities for its proposed takeover of fellow UK energy giant BG Group. According to unnamed sources cited by Reuters, the Chinese ministry of commerce […]

State regulators fine Shell Oil for toxic release in Anacortes

Inspectors found that Shell had skipped critical decontamination steps while shutting down the main flare. The uncontrolled release exposed workers to toxic substances. BY ASSOCIATED PRESS: NOVEMBER 20, 2015 TUMWATER, Wash. (AP) — Washington state regulators have fined Shell Oil Products $77,000 after an investigation found that it failed to control a toxic release. The Department […]

Shell charged over biggest North Sea oil leak in more than a decade

STV: 20 November 2015 Energy giant Shell has been charged over a major oil leak from a North Sea platform four years ago.  The equivalent of more than 1300 barrels of oil spilled into the sea from the Gannet Alpha in August 2011, the largest leak in more than a decade.  The UK Government carried […]

Shell charged over Gannet Alpha leak in 2011

Friday 20 November 2015 Oil giant Shell has been charged after an investigation into a leak at a North Sea platform in 2011, the BBC Scotland news website has learned. It involved the Gannet Alpha platform, 113 miles (180km) from Aberdeen. It was reported that the pipeline leaked more than 200 tonnes of oil. The […]

Nigerian researcher key to landmark $83 million Shell oil spill settlement to speak at IUPUI

INDIANAPOLIS — In an out-of-court settlement reached earlier this year, Shell Petroleum Development Co. of Nigeria agreed to an $83.4 million (55 million pounds) compensation package for Bodo, a Nigerian farming and fishing community damaged by massive oil spills in 2008 and 2009. The Bodo case is the first major legal settlement where compensation has […]

Lorraine Mitchelmore is stepping down as the head of Shell Canada. But she’s not going quietly.

NOVEMBER 18, 2015 10:20 AM Extracts Shell has reduced greenhouse gas emissions by 20 per cent per barrel from its oilsands business in the past five years, through many small efforts, including making more efficient use of its trucks. Yet that hasn’t stopped Shell from being a target and paying a high price for the […]

In Shell-BG review, China wants concessions on huge gas deals

LONDON/BEIJING | BY RON BOUSSO, DMITRY ZHDANNIKOV AND CHEN AIZHU: Deals | Thu Nov 19, 2015 Chinese regulators vetting Royal Dutch Shell’s (RDSa.L) proposed merger with BG Group (BG.L) are pressing the Anglo-Dutch company to sweeten long-term gas supply contracts in a move that could cast new doubt over the near-term benefits of the $70 billion […]

Shell to decide on Ormen Lange subsea compression in 2016

STAVANGER, NORWAY: Business News | Thu Nov 19, 2015 Shell plans to decide next year whether to resume installing subsea compressors at its giant Ormen Lange field offshore Norway, a company’s senior executive said on Thursday, after stopping the project last year to save costs. “We still expect in the course of 2016 that we will […]

Shell’s BG Deal Cleared by Australian Competition Regulator

By James Paton: November 18, 2015: Agreement on track to be completed in early 2016, Shell says Shell’s plan had faced concerns over gas supply in Australia Royal Dutch Shell Plc’s $70 billion deal to buy BG Group Plc was cleared by Australia’s competition watchdog despite concerns it could reduce natural-gas supply to local customers and […]

Safety risks prompt Dutch court to order cuts at Groningen gas field

Sectors | Wed Nov 18, 2015 4:33pm IST By Anthony Deutsch and Toby Sterling A Dutch court on Wednesday ordered more cuts in gas production at Groningen, Europe’s largest gas field, saying the government had given too little consideration to the stronger and more frequent earthquakes extraction had caused. Output at the field, the world’s […]

Exxon’s Dutch Gas Gag

Liam Denning: November 18, 2015 If you’ve never been to Groningen, it’s a pleasant college town in the northern Netherlands. It also happens to share its name with one of the world’s largest natural gas fields. Tourists are best advised to focus on the scenic bicycling routes. Exxon Mobil is more attuned to what lies […]

Australia watchdog clears Shell’s $70 billion bid for BG Group

MELBOURNE | BY SONALI PAUL: Business News | Thu Nov 19, 2015  Royal Dutch Shell (RDSa.L) cleared a major hurdle to its $70 billion (46 billion pounds) takeover of BG Group (BG.L) on Thursday, winning a green light from Australia’s competition watchdog, which said the deal would not change the dynamics of the domestic market. The […]

ACCC clears Shell’s $98b takeover of BG Group

To the relief of Shell, the Australian Competition and Consumer Commission waved through the mega-merger on Thursday… Angela Macdonald-Smith: Energy Reporter East coast gas buyers left disappointed by the competition regulator’s unconditional approval for Royal Dutch Shell’s $US70 billion ($98 billion) takeover of BG Group have turned their attention to the Foreign Investment Review Board as […]

Dutch court orders more cuts in gas production

Wednesday 18 November 2015 [JURIST] The Dutch Council of State [official website, in Dutch] on Wednesday ordered [judgment, in Dutch; press release, in Dutch] more cuts in gas production. The court came to this decision after stronger and more frequent earthquakes occurred in the Netherlands as a result of extraction. The Groningen [BBC backgrounder], the […]

Shell finds 100 million oil barrels in deep-water Gulf discovery

Posted on November 18, 2015 | By Collin Eaton HOUSTON — Probing one of its recent discoveries in deep waters of the Gulf of Mexico, Royal Dutch Shell found 100 million barrels of oil equivalent buried at its Kaikias field, nearby three of its massive production facilities and a network of subsea pipes, the company […]

Corrib gas project spend to top €3.6bn as Shell await Government approval

The costs of the Corrib gas project are set to top €3.6bn by the end of this year, more than four times the original estimate of €800m. Gordon Deegan: Wednesday, November 18, 2015 Yesterday, operator Shell E&P Ltd confirmed that the 2015 spend by the Corrib partners on the field will be €260m. Some €320m […]

Dutch Court to Rule on Gas Output From Europe’s Biggest Field

Anna Shiryaevskaya, Fred Pals and Kelly Gilblom: 18 November 2015: Final ruling Wednesday on output from EU’s biggest gas field Government plans to decide on future production in December A Dutch court will Wednesday decide on the future of Europe’s largest natural gas field as local residents seek to stop tremor-inducing production that’s damaging their houses. […]

Shell racks up nearly €100m loss as it waits on go-ahead for first Corrib gas

Corrib Gas Project mired in corruption allegations and a related cover-up led by Michael Crothers Paul O’Donoghue: 18 November 2015 The company behind the controversial Corrib gas project racked up losses of over €98m last year as it awaits a final government permit to begin flowing gas at the site. Accounts just filed for Shell […]

Shell share price: Canada boss leaves company

by Veselin Valchev: Tuesday, 17 Nov 2015, 11:18 GMT Royal Dutch Shell Plc (LON:RDSA) announced yesterday that the boss of the firm’s Canada division, Lorraine Mitchelmore, is stepping down from the company at the end of 2015, following six years at the helm. The move comes less than a month after the Anglo-Dutch oil major abandoned its […]

HERE FIRST TEN DAYS AGO: Lorraine Mitchelmore Fired

Michael Crothers at Shell E&P Ireland Limited By John Donovan On 7 November, we published the first news of the firing of Lorraine Mitchelmore, the President and Country Chair of Shell Canada. The information, which came from a Shell insider source, was posted on our Shell Blog under the alias of “Manny” The departure of Lorraine Mitchelmore has been confirmed […]

Lorraine Mitchelmore, head of Shell’s Canadian division, stepping down

The Canadian Press Published Monday, November 16, 2015 4:00PM EST CALGARY — The head of Royal Dutch Shell’s Canadian operations is leaving her job at the end of this year. Lorraine Mitchelmore has been Shell Canada’s president and country chair for past six years and has led the global energy giant’s heavy oil business for […]

Shell plans to retain four senior BG executives after merger – memo

Business News | London Mon Nov 16, 2015 Royal Dutch Shell plans to retain four members of BG Group’s executive team after the companies’ planned merger next year, according to an internal memo seen by Reuters on Monday. The memo indicates that the planned $70 billion takeover of BG by Shell remains on track. Shell […]

Shell Plans to Retain Four Senior BG Executives After Merger

By Javier Blas: November 16, 2015 BG COO Sami Iskander to join Shell as head of joint ventures Shell to retain head of BG trading business Steve Hill Royal Dutch Shell Plc plans to retain four senior executives from BG Group Plc after the merger between the two oil and gas groups completes next year, according […]

Fresh doubts over Shell and BG merger as Qatar sells £1bn stake

The Qatar Investment Authority has sold 43m shares in BG Group and a further 24m shares in Shell By Ben Marlow 7:45PM GMT 14 Nov 2015 The Qatar Investment Authority has offloaded shares in Shell and BG worth nearly £1bn in recent weeks, raising fresh questions over whether the oil­giants’ proposed mega-merger has the support of […]

Shell vessel heads to deep Gulf waters amid region’s uncertainty

Posted on November 13, 2015 | By Collin Eaton HOUSTON — Royal Dutch Shell’s newest oil-production vessel began a 15,000-mile journey this week from a Singapore shipyard to the world’s deepest underwater oil field, tasked with adding more crude to a worldwide oil glut that could upend industry plans to venture deeper offshore. The $1 […]

Are the Oil Sands Going Bust?

Written by Keith Kohl: Posted November 12, 2015 at 6:51PM After backing out of an Arctic drilling program, Shell is taking yet another hit by leaving the Canadian oil-sands in Alberta. To put it simply: the losses were too great. There was no way Shell would have been able to stay competitive, so it decided to […]

ACCC under pressure as gas buyers push Shell gas concerns

by Angela Macdonald-Smith: Nov 12 2015 In a country touting itself as “open for business”, the national competition regulator looms as a major hurdle in what could be the world’s biggest energy merger this decade, Royal Dutch Shell’s $US70 billion ($99 billion) swallowing of BG Group. Despite Shell’s global chief Ben van Beurden claiming “massive support” from federal and state politicians for the merger, […]

Shell share price: Australia boss sees no competition issues with BG tie-up

by Veselin Valchev: Thursday, 12 Nov 2015 Andrew Smith, chairman of Royal Dutch Shell Plc’s (LON:RDSA) Australian unit said he sees no local competition issues with the oil major’s bid to acquire fellow British energy giant BG Group, in contrast with reservations expressed by the Aussie competition regulator last month. The Australian Competition and Consumer Commission […]

Shell seeks permission for Russian JV

Shell has asked regulators for permission to work with Gazprom Neft on a joint venture, Khanty-Mansi Oil and Gas Union, despite the continuing EU and United States sanctions against Russia. ACCESS TO FULL ARTICLE SUBJECT TO SUBSCRIPTION

Science Museum ends sponsorship deal with Shell

Adam Vaughan: Thursday 12 November 2015 Critics have previously attacked the choice of a fossil fuel company as a funder for the museum’s Atmosphere gallery on climate science and said emails show Shell sought to influence the programme. However, current and former directors of the museum have rejected the charges, saying no curatorial changes had been […]


Flaring at Shell Moerdijk could be seen from 40 km away after a small fire on Nov 11th, 2015 (Photo: Twitter/@anjaboogaard) Nov 12, 2015 by Janene Pieters A small fire at Shell Moerdijk caused a red glow in the air that concerned local residents on Wednesday night. According to the fire department, the red glow […]

Shell Australia chairman Andrew Smith says LNG needed to develop Arrow gas

By Energy Reporter: Angela Macdonald-Smith: 12 Nov 2015 Shell Australia chairman Andrew Smith has insisted there are no issues of competition raised in eastern Australia with the oil giant’s planned $US70 billion ($98 billion) takeover of BG Group and that letting the deal proceed is the best way of ensuring the company’s undeveloped gas resources in […]

Japan’s Idemitsu Kosan to take over smaller refiner Showa Shell in $4 billion deal

By Reuters | 12 Nov, 2015 TOKYO: Japan’s Idemitsu Kosan Co agreed on Wednesday to take over smaller refiner Showa Shell Sekiyu in a deal worth about $4 billion that will create Japan’s second-biggest refiner by capacity. The refiners are finalising the terms of the deal and expect the combined company to start operating between […]