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Posts under ‘Saudi Aramco’

Royal Dutch Shell CEO Blames Saudi Arabia For Slowed US Shale Growth

Bidness Etc takes a look at how Saudi Arabia led to slowed growth of the US shale oil industry By: MICHEAL KAUFMAN: Published: Jul 2, 2015 at 9:37 am EST The Organization of Petroleum Exporting Countries (OPEC), led by Saud Arabia, usually monitors the crude oil supplies and prices prevailing in the market. The US energy […]

Shell Chief says U.S. shale producers under pressure from Saudi Arabia -FT

Wed Jul 1, 2015 OPEC’s decision, led by Saudi Arabia, to not cut oil production has put pressure on U.S. shale gas producers which in turn has put brakes on America’s energy boom, the chief executive of Royal Dutch Shell Plc said in an interview with the Financial Times published on Wednesday. Ben van Beurden […]

Motiva to trade refined products apart from co-owner Shell

Motiva to trade refined products apart from co-owner Shell HOUSTON, JUNE 11 | BY KRISTEN HAYS AND ERWIN SEBA Motiva Enterprises said on Thursday it aims to trade its own gasoline, diesel and the components needed to make them in a new organization separate from its co-owner, Royal Dutch Shell. Motiva, a 50/50 joint venture […]

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 […]

Saudi Arabia Lets The World Drown In Oil

Article by Nathan Vardi: Forbes Staff: Friday 5 June 2015 To the surprise of nobody, Saudi Arabia and the other OPEC member states decided in Vienna on Friday to maintain production targets of 30 million barrels a day, making sure the world remains flooded with oil. The fact that OPEC—particularly the core countries of Saudi Arabia, […]

Prices Are Down, but Saudis Keep Oil Flowing

Article by CLIFFORD KRAUSS and STANLEY REED published 1 June 2015 in the New York edition of The New York Times under the headline Prices Are Down, but Saudis Keep Oil Flowing HOUSTON — The international cartel of oil producers has long followed the same basic strategy. When the market was soft, the group slashed production […]

OPEC Seen Backing Saudi Arabia’s Plan to Keep Supplies Elevated

by Grant Smith and Maher Chmaytelli: Bloomberg.com: 27 May 2015 When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil, prices will be on its side. Crude plunged for eight of nine weeks prior to the group’s November gathering, when the kingdom faced down opposition from the […]

AramcoShell.com: one of the most valuable domain names in the world?

Aramco Shell .com By John Donovan I own and operate many Shell related domain names including, for example, RoyalDutchShellPlc.com and RoyalDutchShellGroup.com, both of which Shell International unsuccessfully attempted to seize 10 years ago in proceedings via The World Intellectual Property Organisation. Depending on reaction to this article, I may put one of my domain names […]

Shell’s Arctic voyage marks beginning of peak oil era

Shell’s Arctic voyage marks beginning of peak oil era Anglo-Dutch company’s search for resources in the Arctic is a sign that the world is running out of options for new oil reserves By Andrew Critchlow, Commodities editor In his critically acclaimed 2005 book ‘Twilight in the Desert’, the prominent oil economist Matthew R. Simmons predicted […]

Shell seeking to buy BG in first oil super-merger in over a decade

The collapse in global oil prices has sparked much speculation about mergers in the industry and BG has often been cited as a potential target. (Reuters) – Royal Dutch Shell (RDSa.L) is in advanced talks to buy BG Group (BG.L) in the first oil super-merger in more than a decade, seeking to extend its lead […]

Motiva to integrate Norco, Convent refineries in Louisiana

26 March 2015 (Reuters) – Motiva Enterprises said on Thursday that operations at its Convent and Norco, Louisiana, refineries will be integrated to take advantage of increased production of lower-cost U.S. shale oil. Motiva, which is co-owned by Royal Dutch Shell Plc and Saudi Aramco, said the first step in the integration project is the […]

Prices Fall to a Six-Year Low for U.S. Oil

Article by Stanley Reed published 17 March 2015 in the New York edition of the New York Times Prices Fall to a Six-Year Low for U.S. Oil Oil prices fell to six-year lows on Monday in the face of concerns that a glut in the United States was outpacing already-brimming storage facilities. Additionally, the Organization […]

Price of crude oil resumes its descent

Article by Stanley Reed published New York Times New York Edition 14 March 2015under the headline: Oil Prices Drop as Production Hums Along Despite a Brimming Supply LONDON — Just as the oil market appeared to be stabilizing, the price of crude resumed its descent on Friday. The drop, of about 4 percent, came after […]

USW reaches sellout deal, moves to shut down oil workers’ strike

From an article by Jerry White published 13 March 2015 by WSWS USW reaches sellout deal, moves to shut down oil workers’ strike The United Steelworkers (USW) union announced Thursday that it had reached a tentative agreement with lead bargainer Royal Dutch Shell that would be the basis for a four-year labor agreement covering 30,000 workers in […]

Latest Development Regarding The USW Refinery Strike

By: MICHEAL KAUFMAN: Published: Mar 7, 2015 at 10:04 am EST The biggest oil refinery strike in the US in over three decades has entered its 35th day, with no agreement between the United Steelworkers (USW) union and Royal Dutch Shell plc (ADR) (NYSE:RDS.A) been reached so far. The two parties had a meeting on Wednesday, […]

More Steelworkers Cross Picket Lines as Refinery Strike Drags on

Article by Zain Shauk published 4 March 2015 by Bloomberg.com More Steelworkers Cross Picket Lines as Refinery Strike Drags on (Bloomberg) — Royal Dutch Shell Plc said more than 20 percent of about 800 union workers at its Deer Park refinery in Texas have crossed picket lines, undermining a strike that has entered its second month. […]

NPD investigates shooting at Motiva supervisor’s home

By JohnDonovan Several months ago we published an article about certain events at the Shell-Motiva Norco site in Louisiana involving alleged victimisation of employees: VICTIMIZATION OF EMPLOYEES RAMPANT AT SHELL-MOTIVA NORCO SITE Here is another article involving a Motiva Supervisor, this time published by beaumontenterprise.com:  NPD investigates shooting at Motiva supervisor’s home By Manuella Libardi: Published 4:03 pm, Monday, March 2, 2015 […]

Keystone and the Riddle of the Tar Sands

BY MARK DOWIE 2/25/15 AT 10:49 PM Late 21st-century graduate students of business studying the growing problem of stranded assets will almost certainly focus on the history of Canada’s Athabasca Oil Sands (a.k.a. the tar sands). The case studies they read will either describe the gradual abandonment of the world’s largest reserve of bituminous crude […]

USW Negotiations with Royal Dutch Shell deadlocked

By: MICHEAL KAUFMAN Published: Feb 23, 2015 at 1:28 pm EST Tensions between Royal Dutch Shell plc (ADR) (NYSE:RDS.A) and the United Steelworkers (USW) union rise as more union workers have walked out of three additional US refineries. The latest negotiations between Shell and USW took place on February 20. However, no agreement between the […]

U.S. refinery strike widening to include largest refinery

HOUSTON Sat Feb 21, 2015 12:13am EST (Reuters) – The U.S. refinery strike was widening on Friday night as workers at the nation’s largest refinery gave notice of a walkout beginning at 12 a.m. (0600 GMT) on Saturday, the United Steelworkers union (USW) said. Shortly after talks between union and oil company representatives ended on […]

High Noon on oil prices: OPEC vs U.S. Shale

From an article by Catherine Ngai published on 6 Jan 2015 by Reuters under the headline:  “High Noon on the Gulf Coast: Canada, Saudi oil set for showdown” NEW YORK (Reuters) – As a test of wills between OPEC nations and U.S. shale drillers fuels a global oil market slump, a brewing battle between Canadian […]

Investors Freak: Oil on its way down to $20 A Barrel?

From an article by Christopher Helman published by Forbes.com on 6 Jan 2015 under the headline: “Investors Freak As Saudi Inaction Could Sink Oil To $20 A Barrel. Time To Buy? OPEC is not going to come to the rescue. It is up to American producers to cut oil supplies. The world freaked out over oil […]

OIL, OIL, TOIL AND TROUBLE

ARTICLE BY STEVEN HAYWARD, PUBLISHED BY POWERLINE 25 NOVEMBER 2014 The fall OPEC meeting is under way right now in Vienna, and all eyes are on the Saudis, to see whether they will lead a strategy to stop the fall in oil prices, which is putting the crimp on Iran, Russia, and Venezuela, among other […]

Royal Dutch Shell Plc .com News Round-up 12 August 2014

A frosty reception for Shell sponsorship; Oil and Gas company debt soars to danger level; Shell a gigantic flea By John Donovan UK The Telegraph City Diary column has commented on Shell’s embarrassment at arts sponsorship monies being returned to the  company in Ireland. “First the Antarctic, now Ireland. The list of countries where Royal […]

Shell ending investments in gas development project in Saudi Arabia

Reuters article published by ArabNews.com Monday 7 July 2014 DUBAI: Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia, complicating the top oil exporter’s efforts to exploit its huge gas reserves. The search for gas has been a priority for Saudi Arabia as it struggles to keep pace with rapidly […]

Saudi Arabia gas project has failed, admits Shell

Extracts from an article by Andrew Critchlow published 6 July 2014 by The Sunday Telegraph read more

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 […]

Royal Dutch Shell Saudi relationship in serious danger?

The Washington Post has reported today that the Dutch foreign minister Frans Timmermans is considering flying to Saudi Arabia in an attempt to defuse the situation, which includes threats of looming sanctions against Dutch interests, including Royal Dutch Shell. By John Donovan Royal Dutch Shell Group has had a long relationship with the Saudi regime. […]

Royal Dutch Shell shameful record of appeasement

By John Donovan For nearly a hundred years the Royal Dutch Shell Group has appeased and collaborated with evil regimes including Nazi Germany, Nigeria, Brunei, Saudi Arabia, Libya, Iran, Iraq under Saddam Hussein, Apartheid South Africa and with Putin of Russia, despite his annexation of Sakhalin2 and Crimea. Anything to earn a buck irrespective of ethics, […]

Woodside may ditch Shell stake

Melbourne Herald Sun Article by John Dagge: 19 Feb 2014 WOODSIDE Petroleum says it has not consulted major shareholder Shell about its foray into Israel — an international push which analysts say complicates the oil giant’s relations with key Arabic customers. Woodside’s move to take a slice of Israel’s Leviathan field — one of the […]

Royal Dutch Shell selling off its petrol stations in Australia?

By John Donovan THE BEN VAN BEURDEN FIRESALE RETRENCHMENT AFTER AN ERA OF OVER-PROMISE AND UNDER-DELIVERY I published over the weekend Shell insider rumours that Royal Dutch Shell may be considering selling off Shell Oil Company, perhaps to its 50-50 jv partner in Motiva Enterprises, Saudi Aramco. In what might be a related move, news has […]

Insider rumours circulating that Shell may divest Shell Oil Co

By John Donovan: According to a Shell insider source, rumours are circulating that Royal Dutch Shell Plc may divest Shell Oil Company in order to generate money. And presumably to get rid of the difficult USA influence.  Since Saudi Aramco are joint owners on a 50-50 basis with Shell in Motiva Enterprises, operating three US refineries and 7,700 […]

Motiva Convent Plant Said to Mothball Catalytic Cracker by 2016

Motiva Enterprises LLC plans to shut the fluid catalytic cracker at the Convent, Louisiana, refinery, by October 2016 because it’s unprofitable to operate… By Barbara Powell Dec 18, 2013 6:07 PM GMT Motiva Enterprises LLC plans to shut the fluid catalytic cracker at the Convent, Louisiana, refinery, by October 2016 because it’s unprofitable to operate, […]

Company town: One woman’s fight to save her town

Her concerns grew stronger after an explosion at Shell’s refinery in 1988. (The plant is now owned by Motiva, a joint-venture between Shell and Saudi Aramco, the Saudi national oil company). The explosion toppled a 16-story tower, and cracked walls and ceilings in houses and ceilings around Norco. It set off alarms 25 miles away […]

Problems at Motiva plant

Petrodollars: A lot of smart oil people caught up in problems at a Motiva plant By News Desk: September 16, 2013 A big expansion project at the Port Arthur, Texas refinery owned by Motiva–the Shell-Saudi joint venture–has been far from the success story envisioned by the two partners. In this week’s Oilgram News column Petrodollars, […]

SHAMBLES AT MOTIVA PORT ARTHUR REFINERY

By John Donovan Anyone who has read the postings made on this website in recent years by insiders working on the Motiva Refinery expansion project should not be in the least surprised by the series of serious mishaps following the restart, which taken together, can only be described as a complete and utter shambles. Troubled […]

Troubled Motiva refinery, biggest in U.S., faces lengthy 2014 work: sources

The biggest U.S. oil refinery could shut its main crude distillation unit for up to three months next year to replace a vibrating pipe that prevents the 325,000-barrel-per-day (bpd) unit from running at full capacity, sources familiar with operations said. That would be another blow to the Motiva Enterprises, 600,000-bpd plant since the $10-billion (U.S.)refinery, […]

Fire hobbles Motiva oil refinery, biggest in U.S.

Sources said refinery managers spoke of their frustration on Monday with problems that have plagued the expanded plant.  “It was a bad weekend for us,” said one source. “We’re all feeling snake-bit. It just seems like we get up and going and then something else goes wrong.” Tue Aug 20, 2013 2:28am IST * ‘Feeling […]

Blaze hits Shell plant in Texas

Published: Tue, August 20, 2013 ROYAL DUTCH SHELL has shut down parts of a refinery in Port Arthur, Texas, after a fire broke out following a £6.4billion expansion scheme. Shell closed units at the Motiva refinery, which is run by a joint venture of the oil giant and Saudi Refining, after the second blaze in […]

The Dark Side of Energy Independence

By BENJAMIN ALTER and EDWARD FISHMAN A version of this op-ed appeared in print on April 28, 2013, on page SR5 of the New York edition JUST as the world was writing off America as a declining power, the country now finds itself on the cusp of realizing one of its longstanding goals: energy independence. […]