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Posts under ‘Shale Oil’

Royal Dutch Shell Plc News Roundup Sat 4 Sept 2014

Royal Dutch Shell Plc CEO Ben van Beurden says he can’t deny returns are too low By John Donovan Mixed fortunes for Shell in the last few days.  Ben van Beurden says he can’t deny returns are too low Royal Dutch Shell CEO Ben van Beurden has admitted to the Wall Street Journal that he […]

Shell not abandoning its US shale ambitions

By John Donovan Shell CEO Ben van Beurden claims that despite a series of asset sales and costly write-downs, the oil giant is not abandoning the prospect of North American oil and gas shales.   Shell’s recent reappraisal resulted in a $2bn write-down in book value and plans for Shell to sell hundreds of thousand […]

FT: 12 Shell staff and family members killed on flight MH17

Extract from FT “Week in review” published 2 August 2014 Majors brace as sanctions against Russia tighten Ben van Beurden, chief executive of Royal Dutch Shell, said: “It’s a bit early to say how it will play out. We will obey sanctions without hesitation.” Shell, which also has LNG interests at Sakhalin, has suspended work exploring […]

Royal Dutch Shell Feeling the Pain

Extracts from a Motley Fool article by Rupert Hargreaves under the headline: “Did ExxonMobil Make the Right Decision About Europe?” Feeling the pain There’s no company that is feeling the pain more than Royal Dutch Shell (NYSE: RDS-B ) . Shell’s CEO, Ben van Beurden previously described the company’s refining sector results as “unacceptable.” It’s […]

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 […]

Shell sails ahead without UK shale

Extracts from an article by Andrew Critchlow published in The Sunday Telegraph on 6 July 2014 Shale gas is likely to play an increasingly important role in powering Britain’s growth but don’t expect the country’s largest oil and gas company, Royal Dutch Shell, to help create a fracking-led energy revolution. Andrew Brown, director of upstream international […]

Shale’s junk debt could get shaky if Fed raises rates

Extracts from a Houston Chronicle article by Collin Eaton published 27 June 2014 (Good article. Not Shell specific, but a generic problem to which Shell is heavily exposed) Two years after natural gas prices collapsed, Chesapeake Energy’s $12 billion in corporate debt last month nearly made it out of junk territory. The natural gas producer […]

The Real Reason Shell Halted Its Ukrainian Shale Operations

Extract from an OilPrice.com article by Igor Alexeev published 19 June 2014 Royal Dutch Shell has blamed air strikes by the government in Kiev against its own citizens in southern Ukraine as the reason it decided to declare a halt to its shale oil projects in the troubled region. In reality, the truth may be […]

Shell announces sale of Eagle Ford acreage, South Texas

21 May 2014 Royal Dutch Shell plc (“Shell”) announced today it has agreed to sell its 100 percent working interest in approximately 106,000 net acres in Dimmit, LaSalle, and Webb Counties, Texas to Sanchez Energy Corporation for approximately $0.639 billion, subject to closing. The sale includes approximately 176 operated producing wells and associated field facilities […]

Shell Considers Martinez Refinery Cutback Amid Shale-Oil Boom

Extracts from a BloombergBusinessweek article by Lynn Doan published 19 May 2014 under the headline: “Shell Considers Permanent Coker Shutdown Amid Shale-Oil Boom” Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, is considering retiring one of two coking units at its only refinery in California as the company seeks to run lighter crude at […]

Energy sanctions aim to hurt Russia more than the west

Extract from an FT article by Ed Crooks published 14 May 2014 ExxonMobil of the US in 2011 signed a wide-ranging strategic co-operation agreement with Rosneft… Royal Dutch Shell has a similar arrangement with Gazprom, also expanded last year to include exploration in the Arctic and shale development in western Siberia. FULL FT ARTICLE