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Posts under ‘Shell’

Crisis In The Arctic

Brigham A. McCown: CONTRIBUTOR: 3 August 2015 Last week, Greenpeace activists succeeded in temporarily halting Shell’s icebreaker, MSV Fennica, from starting its voyage out of Portland, Oregon. The vessel was to join the rest of the fleet on its way to the Artic to begin oil exploration. In defiance of a federal court injunction to halt […]

Shell to Strengthen Russian Hand Through Gazprom Asset Swap

by Rakteem Katakey: August 3, 2015: BLOOMBERG.COM Royal Dutch Shell Plc will swap a stake in one of its international energy assets for part of Gazprom PJSC’s Sakhalin-3 project as Europe’s biggest oil company extends ties with Russia. The companies are discussing which asset would be offered to Gazprom, Shell Chief Executive Officer Ben Van Beurden […]

Greenpeace hold Titanic protest over Shell’s Arctic drilling plans

Press Association: 3 August 2015 Environmental campaigners have begun a month of protests over oil giant Shell’s efforts to drill in the Arctic with a Titanic-themed orchestral performance. Greenpeace is holding protests outside Shell’s London headquarters against the company’s attempts to undertake oil drilling in the Arctic, which the campaigners warn could lead to environmental […]

Shell to dispose of its downstream assets and business completely?

A report in The Times today describes the plans for Shell Centre development: London waterfront to take on new look with Italian backing On the face of it it raises the question as to why, given the movement of the centre of gravity in Royal Dutch Shell to The Netherlands, RDS would want to hold […]

Greenpeace holds Titanic-themed musical protest at Shell HQ over Arctic oil drilling

Greenpeace held a Titanic-themed musical protest outside Shell’s offices this morning after the oil company began drilling operations in the Arctic’s Chukchi Sea last week. by Anna Reynolds: 3 August 2015 The orchestral performance entitled ‘Requiem for Arctic Ice’ was inspired by the quartet playing on the Titanic as the ship went down. Today’s protest on […]

BG Group Profits Crash By 65%

By LAURA CHESTERS FOR DAILY MAIL The oil price rout found new victims on both sides of the Atlantic yesterday as BG Group and Chevron revealed profits had tanked. BG, which is in the process of being sold to Royal Dutch Shell, reported a 65 per cent fall in second quarter profit to £275.5million, while […]

Waitrose and Shell in talks to expand convenience store partnership despite Greenpeace anger

Waitrose currently has 15 stores in Shell stations. (Neil Hall/Reuters) By Ravender Sembhy: July 31, 2015 Supermarket Waitrose is in talks to open more stores in petrol stations belonging to oil and gas major Shell, despite protestations from Greenpeace. There are currently 15 Little Waitrose shops located on Shell forecourts, but Greenpeace has argued that […]

Shell resumes drilling in Alaska’s Arctic waters for first time since 2012

Yereth RosenAlaska Dispatch News: July 31, 2015 Royal Dutch Shell began drilling an exploratory well in Alaska’s offshore waters Thursday afternoon, a spokeswoman for the company said. At about 5 p.m. Alaska time, the Transocean Polar Pioneer began drilling at the Anglo-Dutch oil company’s Burger prospect in the Chukchi Sea, according to Anchorage-based spokeswoman Megan Baldino. The move came on […]

Portland’s bridge-hangers and ‘kayaktivists’ claim win in Shell protest

In two of the most daring days in the modern environmental movement, Greenpeace activists set social media ablaze and, despite the Fennica’s moving on toward the Arctic, hailed the action as a ‘historic achievement FULL ARTICLE Like this:Like Loading…

Shareholders should demand that Shell’s activities in the Arctic be stopped

By a Regular Contributor Hopefully, Shell will soon accept that in the US Arctic their position is now untenable… If RDS wants to cut capex (and exposure), FLNG is a good place to start, as Simon Henry suggested yesterday. The Arctic should be next.  The Arctic is rapidly acquiring a similar profile to the Brent […]

Shell ship heads for Arctic

CBS/AP July 31, 2015 PORTLAND, Ore. — Authorities used boats, personal watercraft, poles and their bare hands to remove protesters in kayaks and hanging from bridges who had tried to block a Royal Dutch Shell icebreaker bound for an Arctic drilling operation. The Fennica left dry dock Thursday afternoon and made its way down the […]

Royal Dutch Shell signals Browse FLNG go-ahead far from certain for 2016

By Angela Macdonald-Smith: Jul 30 2015 Royal Dutch Shell has signalled that a final go-ahead next year for the Browse floating liquefied natural gas project in Western Australia is far from a certainty given the cost challenges of the venture in the depressed oil price environment. Chief financial officer Simon Henry listed Browse among several large international […]

‘Shell No!': Dangling from a bridge to stop Arctic drilling

By Justin Wm. Moyer July 30, 2015 In the annals of extreme protesting, there are tree-sitters and there are sleeping dragons. Add to these the bridge-dangle — a technique craftily employed by 13 environmental activists in Portland, Ore., who wish to prevent a ship vital to Royal Dutch Shell Arctic drilling from leaving the Lower 48. […]

Shell to cut jobs, spending to cope with lower oil prices

LONDON | BY RON BOUSSO AND KAROLIN SCHAPS: 30 July 2015 Royal Dutch Shell on Thursday reported a 37 percent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices. The Anglo-Dutch oil and gas company also said […]

Shell to Cut 6,500 Jobs, Reduce Investment by $7 Billion

By Rakteem Katakey: July 30, 2015″ BLOOMBERG.COM Royal Dutch Shell Plc, the oil producer buying BG Group Plc for more than $70 billion, said it plans to cut 6,500 jobs this year and reduce capital investment by $7 billion. Shell is planning for a “prolonged downturn,” the company said Thursday in a statement. Its dividend commitment […]

LA Times Editorial: Drilling for oil in the Chukchi Sea isn’t worth the risk

A polar bear dries off after taking a swim in the Chukchi Sea in Alaska. The U.S. Interior Department has said updated scientific models don’t bode well for polar bear populations across the world, especially in Alaska, the only state in the nation with the white bears. (Brian Battaile / Associated Press) By THE TIMES […]

Activists hang off Oregon bridge to stop Shell icebreaker from returning to Alaska

Steven Dubois | Associated Press: July 29, 2015 PORTLAND, Ore. — Environmental activists rappelled off Portland’s tallest bridge early Wednesday in an effort to stop a Shell Oil Arctic icebreaker from leaving the city. Thirteen protesters dangled from the St. Johns Bridge while another 13 remained on the bridge as lookouts. Greenpeace USA executive director Annie Leonard […]

Greenpeace Suspends Climbers off Portland Bridge to Block Shell’s Arctic Icebreaker Ship

BY ZOË SCHLANGER 7/29/15 Early Wednesday morning, 26 climbers affiliated with the environmental group Greenpeace rappelled off the edge of St. Johns Bridge in Portland, Oregon, and suspended themselves in a row, forming what they hope will be a human blockade to prevent a Shell ship from leaving for the Arctic. They each have enough […]

Protesters in Portland dangle from bridge in a bid to block Shell icebreaker

In Portland, environmental activists test out a new tactic: Climbers have rappelled off a bridge to block a Shell icebreaker. By Evan Bush and Hal Bernton: July 29, 2015  Trying to delay Shell’s Arctic ice-breaking ship in Portland, 13 protesters are dangling from the St. Johns Bridge, which spans the Willamette River. The protesters rappelled from the bridge at […]

Greenpeace again stands in Shell’s way to arctic

Activists hang under the St Johns Bridge in Portland, Oregon, in an attempt to block the Shell-leased icebreaker MSV Fennica. Photograph: Steve Dipaola/Greenpeace PORTLAND, Ore., July 29 (UPI) — Greenpeace said Wednesday several of its activists have suspended themselves from an Oregon bridge using climbing gear in a protest against Royal Dutch Shell. “The next […]

Activists hang from bridge in Portland to block Shell’s Arctic vessel

Greenpeace climbers plan to spend days hanging from the bridge in Portland, Oregon in an attempt to hinder Shell’s Arctic oil drilling plans read moreLike this:Like Loading…

Oregon ‘kayaktivists’ to protest Shell Arctic oil search

PORTLAND, ORE., JULY 28 | BY SHELBY SEBENS Protesters began gathering in a riverside park in Portland Tuesday evening, planning to drop kayaks in the water to protest Wednesday’s scheduled launch of a ship to be used by Royal Dutch Shell for Arctic oil exploration. Following the lead of protesters in Seattle who tried to […]

Cindy Shogan: Executive director, Alaska Wilderness League: 28 July 2015 Last week, myself, staff members from Alaska Wilderness League, a few mascots and some inflatable kayaks made our way to Lafayette Park just outside the president’s house — joining in the “kayaktivist” movement to protect the Arctic from Shell. The Save the Arctic movement has grown […]

Senate bill would give oil companies a decade more to drill in Arctic leases

By Jennifer A. Dlouhy: July 27, 2015 WASHINGTON – Shell and other oil companies with leases in U.S. Arctic waters could get an extra 10 years to develop them under a proposal advancing in the Senate. Sen. Lisa Murkowski, R-Alaska, embedded the Arctic lease provisions in a broader bill that also would lift the U.S. crude […]

Shell to move to new shift pattern

Written by Harriet Brace – 28/07/2015 8:06 am A major oil firm has confirmed its offshore workers will be the latest to move over to a new three weeks on shift pattern. Oil giant Shell today confirmed the company will be moving to the new working pattern for offshore employees. Offshore workers at Shell are […]

Big oil to sharpen focus on costs after $200bn of cuts

Europe’s biggest oil companies have to find deeper cuts as oil prices expected to weigh on earnings By Andrew Critchlow, Commodities editor: 27 July 2015 Three of Europe’s biggest oil companies will report weaker earnings this week and the City is looking for guidance on how to mitigate a sustained slump in Brent crude prices […]

Oil groups have shelved $200bn in new projects as low prices bite

Shell, which stunned the energy industry with a £55bn agreed offer for BG Group in April, will this week set out deeper cuts to its capital spending this year, revising downwards its most recent estimate of $33bn expenditure. FULL FT ARTICLE Like this:Like Loading…

Damaged Shell icebreaker arrives in Oregon for repairs

By – Associated Press – Saturday, July 25, 2015 PORTLAND, Ore. (AP) – Authorities say the Fennica, a vessel that Royal Dutch Shell PLC plans to use in its Arctic offshore drilling project, has arrived in Oregon for repairs. Portland Police officials said the 380-foot icebreaker arrived at a Swan Island dry dock about 3 […]

Shell backs plans to fire giant bullets into ground to reach geothermal energy

HyperSciences has been awarded a $1 million grant from Shell It has a patent on a new type of ram accelerator for geothermal energy ‘Gun’ will repeatedly fire projectiles at 4,500mph (2 km/s) to blast holes Company claims the technique is ten times faster than traditional drilling By ELLIE ZOLFAGHARIFARD FOR DAILYMAIL.COM: 25 July 2015 […]

Kayakers will greet Shell Oil icebreaker this weekend

Friday, 24 July 2015 14:19 | Written by Steve Law Adopting a page from Seattle protesters, Portlanders concerned about oil drilling in the Arctic Ocean will take to kayaks on Saturday, when Shell Oil’s icebreaker, the Fennica, is expected to arrive at Swan Island for needed repairs. The icebreaker is needed in the Arctic as […]

Shell icebreaker bound for Portland

Protests are expected to greet vessel EO Media Group: 24 July 2015 Royal Dutch Shell’s MSV Fennica icebreaker vessel passed through Astoria Friday evening and picked up a U.S. Coast Guard escort on its way up the Columbia River to Portland. The vessel, which suffered a 39-inch gash in its hull and is bound for […]

Shell-BG merger approved by Brazil

THE HAGUE, July 24, 2015 /PRNewswire/ — NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Royal Dutch Shell plc (“Shell”) (NYSE: RDS.A) (NYSE: RDS.B) today announced that its recommended combination with BG […]

Arctic drilling: Obama gives Shell the go-ahead despite 75% chance of major oil spills

ALICE HARROLD: THE INDEPENDENT: Friday 24 July 2015 The Obama administration has granted permission to Royal Dutch Shell to drill for oil in the Chukchi Sea, off the northwest coast of Alaska. The company was given the final approval for its application to drill in the Arctic on Wednesday in what was a major loss for […]

U.S. says Shell is not yet allowed to drill in Arctic oil zone

The Department of the Interior conditionally granted Shell permits for oil exploration in the Chukchi Sea off Alaska. Timothy Gardner: Jul 22, 2015  WASHINGTON (Reuters) – The U.S. Interior Department on Wednesday granted Royal Dutch Shell <RDSa.L> two final permits to explore for crude in the Arctic this summer, but said the company cannot drill into […]

Shell accused of providing £25,000 in alcohol to police

Richard Hartley-Parkinson for Metro.co.uk Wednesday 22 Jul 2015 Shell has been accused of supplying £25,000 in alcohol to Irish police officers by two suppliers to an Irish gas project. Desmond Kane and Neil Rooney both claimed in court that they were told by someone from Shell E&P Ireland to buy the alcohol, according to the Irish Journal. […]

Shell asked for £25,000 worth of alcohol to be delivered to gardaí in Mayo, court told

The detailed claims were made in a Mayo court last week. TWO FORMER SUPPLIERS to the Corrib gas project told a jury they supplied £25,000-worth of alcohol to gardaí in 2007 on behalf of Shell E&P Ireland. The allegations were made by Desmond Kane and Neil Rooney, co-owners of OSSL, which had previously supplied personal […]

Men tell court they supplied alcohol to Belmullet Gardaí for Shell

EXTRACTS Under oath, Mr Neil Rooney claimed that the first delivery of alcohol to Belmullet Garda Station was made in 2005, and that in 2007, he was asked by Conor Byrne, a Senior Pipeline Engineer with Shell, to make a large delivery. Mr Rooney, from Downpatrick, Co Down, said he went to the north and […]

Investors Are Underestimating Royal Dutch Shell Plc’s Deal To Buy BG Group plc

By Rupert Hargreaves – Monday, 20 July, 2015 Large-cap FTSE 100 blue chips like Royal Dutch Shell (LSE: RDSB) are considered to be relatively safe investments. Unfortunately, Shell has been trying to go against this belief over the past year. During the past 12 months Shell has taken on three high-risk projects, all of which could cripple the company if […]

Shell to cut capital expenditure to adjust books for plunge in oil prices

By Jerin Mathew: July 20, 2015 Anglo-Dutch energy major Royal Dutch Shell plans to cut its 2015 capital expenditure, as the company looks to balance its accounts in light of a 50% decline in oil prices since June 2014. The Financial Times reported that Shell’s CEO Ben van Beurden is expected to outline the cut […]

FT: Shell Expected to Reduce Capex for the Year

by  Reuters| Monday, July 20, 2015 (Reuters) – Royal Dutch Shell, which is all set to acquire rival BG Group Plc, may cut its capital expenditure for the year by several billion dollars from the previously announced $33 billion figure, the Financial Times reported on Sunday, citing sources. A substantial cut to this year’s capital investment […]