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Posts under ‘Shell’

Shell Arctic Drilling Plans

By: MICHEAL KAUFMAN: Sep 1, 2015 Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) drilling operations in the Arctic had been temporarily halted due to adverse weather conditions in the region. The company has now resumed part of its operations and has also indicated that drilling plans will continue in full swing once the company completes a comprehensive […]

Shell Resumes Operations After Storm Force Arctic Stop

ANCHORAGE, Alaska — Aug 31, 2015, 10:31 PM ET Royal Dutch Shell PLC has resumed operations after high winds and rough seas north of Alaska’s northern coast put a temporary stop to exploratory drilling in the Arctic Ocean. But Shell spokesman Curtis Smith says in a Monday email to The Associated Press that full operations, […]

In Alaska, Obama Highlights Climate Change While His Decisions Draw Accusations of ‘Hypocrisy’

Environmental groups are outraged over his drilling policies. Kate Sheppard: Senior reporter/Environment and energy editor, The Huffington Post WASHINGTON — As President Barack Obama visits Alaska this week, he is facing criticism and outright outrage from environmental advocates who say his focus on climate change while in the region contradicts his administration’s decision to allow Shell […]

Discussing the costs of disaster for offshore US oil : Regulation and Environment

In this week’s Oilgram News column, Regulation and Environment, Gary Gentile asks if the risks associated with ultra-deepwater oil production endeavors are properly disclosed to shareholders. By Gary Gentile | August 31, 2015 Opponents of offshore drilling in frontier environments, such as the Arctic, have opened up a new front in their effort to curtail such […]

Arctic Drilling: A Giant Gamble for the Planet and Shell’s Bottom Line

Kieran Cooke, Climate News Network | August 31, 201 Shell is betting on finding the oil industry’s Holy Grail: according to 2008 estimates by the U.S. Geological Survey, the Arctic contains more than 20 percent of the world’s remaining hydrocarbon resources—including at least 90 billion barrels of oil. If Shell does strike oil in big quantities […]

700 Walrus Seen Near Shell Oil Rigs in Arctic as Obama Visits Alaska

World View | August 31, 2015 Thousands of Pacific walrus are coming ashore on the northwest Arctic coast of Alaska, repeating a migratory change for the walrus which U.S. Geological Survey (USGS) scientists have called a clear effect of loss of Arctic Ocean sea ice on which the animals rely. As the walrus swim south from the […]

Oil prices slide as Obama lets Shell drill in the Arctic

As the giant Shell oil company begins highly controversial and risky exploration drilling in the Arctic, the price of crude continues to slide. Kieran Cooke from Climate News Network reports: 31 August 2015 It’s a gamble — some would say a giant gamble. Before even one litre of oil has been found, the Anglo-Dutch Shell group is […]

Obama’s Alaska Visit Puts Climate, Not Energy, in Forefront

By JULIE HIRSCHFELD DAVIS: AUG. 31, 2015 WASHINGTON — President Obama will travel to Alaska on Monday to call for urgent and aggressive action to tackle climate change, capitalizing on a poignant tableau of melting glaciers, crumbling permafrost and rising sea levels to illustrate the immediacy of an issue he hopes to make a central element […]

Records detail equipment failure on Arctic drilling rig

“The company’s repeated failures in basic readiness tests show that when things go wrong in the Arctic ocean, it will be a disaster…” By Jennifer A. Dlouhy: August 30, 2015 WASHINGTON — Newly released documents reveal the extent of problems with anti-pollution equipment on a Shell-contracted Arctic drillship earlier this year. The records, provided by […]

U.S. Is Seen as Laggard as Russia Asserts Itself in Warming Arctic

Sources: American Association of Petroleum Geologists, Bureau of Ocean Energy Management, IBRU at Durham University, Bordermap Consulting, KlimaCampus Integrated Climate Data Center, U.S. Geological Survey: By The New York Times By STEVEN LEE MYERSAUG. 29, 2015 ABOARD COAST GUARD CUTTER ALEX HALEY, in the Chukchi Sea — With warming seas creating new opportunities at the top […]

Obama: Climate change threatens to ‘wipe out’ American towns

By BARBARA BOLAND • 8/29/15  President Obama redirected attention from his decision to allow Shell to drill a well off the Alaskan coast to the “imminent danger” of climate change in his weekly address Saturday. Ahead of a three-day tour of Alaska, Obama said the northern state’s melting glaciers, swift shoreline erosion and rising sea […]

President Obama Defends Shell Arctic Drilling Decision

By: MICHEAL KAUFMAN: Aug 29, 2015  Critics argue that allowing Shell to explore Arctic for oil goes against the country’s stance on climate change President Obama has defended his decision to grant approval for drilling in the Arctic region, ahead of his trip to Alaska. Royal Dutch Shell plc (ADR) (NYSE:RDS.A) had been seeking the […]

Shell offshore drilling application prompts conflict-of-interest charge

By Charles Mandel | August 29th 2015 Shell Canada Limited is applying to bring offshore drilling to Nova Scotia’s waters. But environmentalists are raising alarm bells over potential conflict of interest, as the group reviewing Shell’s application — the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) — includes a board member who worked at Shell Canada and […]

Obama defends Shell Arctic drilling decision

By AFP 29 August 2015 Two days before heading to Alaska to raise climate change awareness, US President Barack Obama on Saturday defended his controversial decision to allow Shell to drill in the Arctic’s Chukchi Sea. The Obama administration’s green light for the Anglo-Dutch oil giant angered environmental groups which have decried the “hypocrisy” of […]

Oil price rises: is this the end of the slump?

“The trend is strong and down… do not be wrong-footed by a correction higher…” Aug 28, 2015: Brent in biggest one-day surge since December 2008 as pipelines closed down Oil prices are continuing to rise after the market posted its biggest one-day surge for close to seven years, a recovery that comes off the back of […]

Why Royal Dutch Shell plc Is Facing Resistance In Canada

By: MICHEAL KAUFMAN: Aug 28, 2015  Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) drilling in Canada will be coming in for resistance, as reported by the Guardian. The drilling plan in Nova Scotia’s southern shore has been approved by the country’s Environment Minister and is under the Canada-Nova Scotia Offshore Petroleum Board’s review. The Canadian Environment Ministry […]

Why Shell Announced Force Majeure On Nigerian Bonny Crude Export

By: MICHEAL KAUFMAN: Aug 28, 2015 On Thursday, August 27, Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) Nigerian unit closed down its two crude pipeline and declared “force majeure” on export of Bonny Light crude, as reported by Reuters. The Hague-based company closed the Trans Niger Pipeline at Oloma because of a leakage in the pipeline. The […]

OSSL Whistleblower Email Sent to Irish Police, Irish Times and Shell on 28 August 2015

From: THE OSSL COMPANY <[email protected]> Date: 28 August 2015 08:10:45 BST To: Pearse_Street_DS <[email protected]>, [email protected], [email protected], Commissioner <[email protected]>, “<[email protected]>” <[email protected]>, Michiel Brandjes <[email protected]>, [email protected] Subject: Corrib CEO ..a Shell man …the day the nightmare began …top cop Gannon. The Shell CEO appointed to Corrib, accompanied by his Local liaison officer unannounced arrived in the premises of […]

Shell urges ‘prompt processing’ of Corrib pipeline application

Lorna Siggins: Thu, Aug 27, 2015 Shell E&P Ireland has urged the Department of Energy to ensure “prompt processing” of its application to operate the Corrib gas pipeline, as it says that “all of the elements of the Corrib gas field are in an advanced state of readiness”. The company has submitted an application to […]

BG Group share price: Gap between market valuation and Shell offer widens

…the growing gap between the offer value and the market value indicates increasing investor anxiety over the merger, thus markets are beginning to question the deal’s prospects of success… by Veselin Valchev: 26 Aug 2015 BG Group Plc’s (LON:BG) share price is sliding further away from the proposed offer by larger London-listed energy peer Royal Dutch […]

Market Rout

Oil’s slump has been brutal. More than half a trillion dollars of value has been wiped from the five biggest international oil companies — Exxon, Shell, Chevron, Total and BP — since mid-June last year. Rakteem Katakey: August 26, 2015: BLOOMBERG.COM Shares of the largest oil companies have slumped so low it suggests investors expect […]

Shell exploration drilling advances at Burger J prospect

BY TIM BRADNER, ALASKA JOURNAL OF COMMERCE: 26 Aug 2015 Shell is keeping a tight lid on information about its Chukchi Sea drilling for now. The semi-submersible Polar Explorer is at work drilling the first well in Shell’s 2015 program, Burger J, and a weekly report issued Aug. 25 by the U.S. Bureau of Safety […]

Shell-BG deal off?

By Oliver Haill | Sharecast – Tue, Aug 25, 2015 08:36 BST LONDON (ShareCast) – (ShareCast News) – A global stock market sell-off and tumbling oil prices have increased fears that some of this year’s largest takeover deals are at risk of falling apart – including Royal Dutch Shell (Xetra: R6C1.DE – news) ‘s $70bn bid for […]

Shell seeks permission to operate Corrib gas pipeline

by Joe Leogue: Wednesday, August 26, 2015 Shell Ireland has officially applied to the Government for permission to operate the controversial pipeline from the Corrib gas field off the coast of Mayo. The application is the first to be made under the Gas Act since the completion of its construction. The pipeline is a joint […]

Royal Dutch Shell Is Now A 7.54% Dividend Yield Monster

Aug. 24, 2015 6:45 PM ET Summary Stock market downturn takes Shell’s dividend yield to an astonishing 7.54%. The dividend looks reasonably safe. High initial yield but little growth expected in coming years. Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) doesn’t need an introduction. This Anglo-Dutch multinational is one of the largest, integrated oil & gas majors […]

Impact of Global Sell-Off on Shell-BG Group Deal

By: MICHEAL KAUFMAN: Aug 25, 2015 Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) earlier this year finalized its $70 billion merger deal with BG Group plc. (ADR) (NYSE:BRGYY). The cash-and-stock deal valued BG at $20 per share. Shell, based on BG’s stock price on April 7, agreed on paying a 50% premium. However, as yesterday’s sell-off and […]

Opec powerless to halt oil price slide, warns former group president

Opec veteran says that current oil prices slump has exceeded the worst expectations of the group By Andrew Critchlow, Commodities editor: 24 Aug 2015 Opec is powerless to arrest the slide in oil prices unless producers outside the group such as Russia match any cuts in output, according to a former president of the group. ‘Black […]

Iran to Raise Oil Output ‘at Any Cost’ to Defend Market Share

U.S. benchmark West Texas Intermediate crude fell to less than $40 a barrel for the first time in more than six years in New York trading on Friday. Anthony Dipaola and Hashem Kalantari: BLOOMBERG.COM: 23 AUGUST 2015 Iran plans to raise oil production “at any cost” to defend the country’s market share and joins calls for […]

‘Both sides are unhappy': Obama’s Arctic drilling green light heightens tensions

State Department official says administration’s stance on oil drilling program continues to spur criticism as Hillary Clinton joins list of opponents Oliver Milman in Washington: Friday 21 August 2015 A senior official at the State Department has admitted there is an “obvious tension” between the US’s commitment to combat climate change and its approval of Shell’s […]

Shell begins ‘high-risk’ drilling for Arctic oil

Robin Pagnamenta Energy Editor: August 22, 2015 Shell has begun the final stage of its $7 billion attempt to drill for oil in Alaska’s remote Chukchi Sea. Despite tumbling oil prices and opposition from Hillary Clinton and conservationists, this weekend a steel drill bit was grinding its way through rocks deep beneath the icy waves. […]

Shell denies greasing ANC palms

By Tony Carnie: 20 August 2015 Durban – Oil giant Shell has denied suggestions that it exercises “improper influence” over government officials or makes financial payments to the ANC to pave the way for shale gas fracking. The company’s local subsidiary, Shell South Africa, was responding on Wednesday to fears raised by local anti-fracking groups […]

Green fury after Shell is given go-ahead for Arctic drilling

Green fury after Shell is given go-ahead for Arctic drilling US President accused of ‘double-speak’ by activists as Hillary Clinton joins chorus of criticism DAVID USBORNE , TOM BAWDEN: THE INDEPENDENT: Wednesday 19 August 2015 Shell has been granted final permission by the US regulatory authorities to begin exploratory drilling for oil and gas beneath the […]

Shell faces huge risks and potential rewards with an Arctic adventure

Shell has been given the green light to drill in the Arctic but as well as the opportunity for huge rewards, the inhospitable region brings huge risks By Ben Marlow: 18 Aug 2015 In James Cameron’s epic science fiction film Avatar, humans travel to the moon Pandora in search of a highly valuable mineral that will […]

Shell shares slump as it gets green light for Arctic drilling

TOM BAWDEN: THE INDEPENDENT: Tuesday 18 August 2015 Shell’s shares slumped today after the US government finally gave it the green light to drill for oil and gas in the Arctic Ocean. The FTSE 100 oil giant will be able to explore the ocean floor for hydrocarbons for the first time since 2012, when a series […]

SHELL und DEUTSCHLAND (SHELL AND GERMANY)

English translation below of the text shown on the centre section of the above German road map published by Shell in Nazi Germany after Hitler came to power in January 1933. Shell boasted about its contribution to the German economy stretching back to 1924. We assume the map provided directions to the Polish border. In […]

Royal Dutch Shell in framework LNG deal with private Chinese firm

18 August 2015 BEIJING: Royal Dutch Shell has entered a framework deal with a Chinese energy firm to jointly purchase and distribute liquefied natural gas, Shell said on Tuesday, a rare cooperation between a global energy company and a local private player. Shell signed the non-binding framework agreement with Guanghui Energy Co Ltd, which is […]

U.S. gives Shell final nod to drill for oil in Arctic

Markets | Mon Aug 17, 2015 By Timothy Gardner Aug 17 (Reuters) – The Obama administration granted Royal Dutch Shell final clearance on Monday to resume drilling for oil and gas in the environmentally fragile Arctic Ocean for the first time since 2012, a move green groups vowed to fight. The U.S. Department of the […]

Feds allow Shell to drill for oil in Arctic Ocean off Alaska for first time in 20-plus years

Aug. 17, 2015 ANCHORAGE, Alaska (AP) — The federal government has given Royal Dutch Shell the final permit it needs to drill for oil in the Arctic Ocean off Alaska’s northwest coast for the first time in more than two decades. The Bureau of Safety and Environmental Enforcement said Monday that exploratory drilling can go […]

17 PAGE CONFIDENTIAL LETTER FROM SHELL LAWYERS TO US SECURITIES & EXCHANGE COMMISSION REGARDING TAKEOVER OF BG GROUP

FIRST PAGE ALL 17 PAGES PDF REPLY FROM SEC Securities Exchange Act of 1934 Sections 12(b) and 12(g) Investment Company Act of 1940 Section 7 August 7, 2015 Response of the Office of International Corporate Finance Division of Corporation Finance Response of the Office of Chief Counsel Division of Investment Management Re: Royal Dutch Shell […]

Arctic drilling not consistent with Obama climate change fight, report says

Arctic drilling not consistent with Obama climate change fight, report says By: Carl Surran, SA News Editor The Obama administration’s crusade against climate change is “inconsistent” with allowing Royal Dutch Shell (RDS.A, RDS.B) to drilling for oil in the Arctic Ocean, environmentalists warn in a new report. Pres. Obama has said he will consider climate […]