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Shell Looks for a Hedge Against Climate Change

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Screen Shot 2016-04-20 at 13.50.03BGeoffrey Smith: MAY 16, 2016

Royal Dutch Shell is creating a new unit specially for renewables and alternative energy, but it continues to insist that its current business of burning hydrocarbons is under no threat from global policies to mitigate climate change.

The company told investors last week that it will combine its modest operations in green energy—biofuels, wind and solar technologies—into a business unit called “new energies” under its natural gas business. It will go public with the idea in June, according to The Guardian.

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Scientists head out to study Shell spill in the Gulf

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NEW ORLEANS

Researchers are heading out to study the effects of a Shell leak of about 88,200 gallons of oil off the Louisiana coast in the Gulf of Mexico, a scientist said on Monday.

Last Thursday, a leak from a pipeline at the Shell oil production field was spotted and cleanup vessels began to skim oil off the Gulf on Friday.

The cleanup ended Monday evening. The leak was contained after wells flowing into the pipeline were shut in.

Ian MacDonald, an oceanographer at Florida State University, said the scientists should reach the oil slick by Wednesday.

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Why Jim Chanos is Shorting the Oil Majors

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Screen Shot 2016-05-06 at 15.37.54By RAKESH UPADHYAY: May 16, 2016

Famous short seller Jim Chanos is shorting oil majors Royal Dutch Shell Plc and Chevron Corp, according to Bloomberg. He is operating under the belief that the negative cash flows and dividend payments using borrowed money by both the companies is an unsustainable move in the long-term.

He also believes that a preference for electric cars and trucks can seriously dent the demand for crude oil in the near future.

Shell’s current cost of supplies earnings tanked in the latest quarter from $4.8 billion to $0.8 billion. The worrying point was the $4.6 billion in cash flow against an expenditure of $6.1 billion in Capex. $3.7 billion of dividends were distributed to the shareholders, of which the company managed to settle $1.5 billion in payouts by issuing 65.7 million A shares under the scrip dividend program.

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Shell’s brutal and unfair approach to reducing staff numbers

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UPDATED WITH MORE COMMENTS

BY “FRUSTRATEDATSHELL”

Interested to know if any current Shell employees have picked up on the unfair approach to the current reorganisation.

Management in Netherlands are seeking RFA’s and operating to a different timeline to the UK and Australia, with Australia being able to steam ahead with their reorg plans as they do not have the same constraints. So much so, that impacted employees are being asked to second guess whether they need to apply for jobs in their base countries or to stick tight and see out the brutal and unfair approach to reducing staff numbers in their current host countries.

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Shell says Nigerian pipeline repair ‘not straightforward’ – paper

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Sun May 15, 2016 5:07pm BST

Royal Dutch Shell (RDSa.L) does not know when its Nigerian Forcados oil terminal will reopen as the repairs to an underwater pipeline damaged by a blast are not straightforward, its country head was quoted as saying on Sunday.

Shell shut the 250,000 barrel a day terminal in February after an attack on an underwater pipeline claimed by a militant group, part of a wave of attacks on oil facilities in the Niger Delta in the past three months.

Shell had initially declined to give details about the incident.

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Shell creates green energy division to invest in wind power

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Terry Macalister Energy editor: Sunday 15 May 2016 16.08 BST

Shell, Europe’s largest oil company, has established a separate division, New Energies, to invest in renewable and low-carbon power.

The move emerged days after experts at Chatham House warned international oil companies they must transform their business or face a “short, brutal” end within 10 years.

Shell’s new division brings together its existing hydrogen, biofuels and electrical activities but will also be used as a base for a new drive into wind power, according to an internal announcement to company staff.

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Argentina’s Energy Minister is stealing for the Crown

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By Eduardo J. Vior

While Royal Dutch Shell PLC has announced ten days ago an annual drop of its global sales in the first quarter by 83%, its Argentine subsidiary is filling the pockets of its mother company and the Dutch crown with the help of Energy Minister José Luis Aranguren. Since his appointment by President Mauricio Macri at last 10th December, Mr. Aranguren, Shell Argentina CEO from 2003 to 2015, and 2009-15 with downstream responsibility for the whole of South America, pursuits a policy which extremely benefits his company, and sows hatred and resentment.

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Protesters block train tracks to 2 Washington refineries near Anacortes

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Protesters walk north along West March Point Road Saturday past the Tesoro Refinery rail yard near Anacortes. About 1,000 people walked the six-mile round trip to the tip of March Point, home to two refineries. (Scott Terrell)

By PHUONG LE: The Associated Press: May 14, 2016

Hundreds of climate activists on Saturday marched to the site of two refineries in northwest Washington state to call for a break from fossil fuels, while a smaller group continued to block railroad tracks leading to the facilities for a second day.

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Work begins on massive cleanup of contaminated Carousel tract yards in Carson

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By Sandy Mazza, Daily Breeze: 13 May 2016

They had been waiting for this day for eight years. But it was still wrenching for the Ancheta family when it finally came this week.

Their house in Carson’s infamous Carousel tract was the first of hundreds slated for cleanup of tons of soil contaminated with hazardous waste from old oil storage tanks. Beginning a five-year clean-up process across the 50-acre community, workers ripped out carefully manicured plants and lawns and dug up trees.

Teresa Ancheta winced at the sight of her trees being uprooted in front of the home where she’s lived for 26 years.

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Shell is not leaving Nigeria, despite attacks — MD

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Screen Shot 2016-04-20 at 13.50.03Shell is not leaving Nigeria, despite attacks — MD

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Amid renewed attacks on infrastructure in the Niger Delta, the Managing Director of The Shell Petroleum Development Company of Nigeria Ltd and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, speaks with ‘FEMI ASU about the Nigerian oil and gas industry and the company’s operations and plans in Nigeria

As the oldest and largest oil producer in Nigeria, how do you currently see the country’s oil and gas industry and the business climate?

You are right; we have been around for some time. Shell has a history of over 50 years in Nigeria and the largest footprint of all the international oil and gas companies operating here. I’m pleased to say that Shell companies and investments in Nigeria have played a pioneering role in onshore, shallow and deep water oil exploration and production. Shell has also been at the forefront of gas development, producing and delivering gas to domestic consumers and export markets for more than 40 years.

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Shell eyes $40bn non-core asset spin-off to cut its huge debt pile

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By Tara Cunningham, business reporter: 14 MAY 2016

Oil giant Royal Dutch Shell is eyeing a possible $40bn spin-off of non-core assets around the globe as it grapples with a $70bn debt pile following a takeover of BG Group earlier this year. 

Chief financial officer Simon Henry told analysts last week that a float of Shell’s non-core assets is “very much on the agenda”.  

The comments were made after the Anglo-Dutch multinational announced its intention to sell off assets totalling $30bn over the next three years in an attempt to protect its dividend, after the merger with BG left it with a stretched balance sheet.

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Protestors to march following Shell oil spill in Gulf of Mexico

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AAPWorldSaturday, 14 May 2016

US environmental activists are preparing to march against offshore drilling as the clean-up of another Gulf of Mexico oil spill gets under way.

Five vessels are working on the spill off the coast of Louisiana after about 334-thousand litres of oil poured out of a Shell flow line.

Green groups say the disaster is another example of why offshore drilling should be banned, and will demand an end to the practice at a protest in Washington, DC, tomorrow.

SOURCE

$1.1billion Malabu scam: Italian oil giant, Eni, admits wrongdoing

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Nicholas Ibekwe: Saturday 14 May 2016

After coming under intense questioning from its shareholders, the management of Italian oil giant, Eni has finally admitted to wrongdoing in the infamous Malabu Oil deal.

Eni, as well as Royal Dutch Shell, had previously insisted that it followed the law in the purchase of one of the most lucrative oil blocks in Nigeria, OPL-245, which belonged to Malabu Oil, a company owned by a convicted former minister, Dan Etete.

Mr. Etete was the petroleum minister under Sani Abacha. PREMIUM TIMES’ previous investigations had detailed how he fraudulently awarded the oil block to himself and friends, including Mohammed Abacha, Mr. Abacha’s son, in contravention of Nigerian laws.

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Shell’s manipulation in the spot market

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By Jonathan Crawford: May 13, 2016

Sixteen years after California experienced rolling blackouts and soaring power prices, two of the last companies accused of taking advantage of the shortage are facing a decision by federal regulators.

Royal Dutch Shell Plc and Iberdrola SA have until May 27 to respond to a Federal Energy Regulatory Commission judge’s initial ruling last month that they sold electricity at inflated prices during the California power crisis of 2000-2001. While other companies that sold power under long-term contracts in the state have long since settled charges, Shell and Iberdrola elected to fight the case.

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Shell and Exxon secured ‘secret deal’ on Groningen gas production

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Friday 13 May 2016

Oil companies Shell and Exxon held secret talks with the economic affairs ministry in 2005 to set levels of production in the Groningen gas field up to and beyond 2020, according to documents obtained by NOS.

The documents show that the two companies exerted pressure on the ministry not to scale back gas extraction despite increasing concern over the increased frequency of earthquakes in the region.

The Dutch parliament was informed of the talks, which took place in 2005, but only knew of an agreement to set production levels for the next 10 years. The documents obtained under freedom of information legislation show that the deal also covered the years up to 2020, when the gas field is expected to go into decline, and afterwards.

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Shell’s Saudi Aramco Option

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Cheap oil crimping your spending plans? Sitting on a bunch of valuable upstream oil assets that could be monetized? How about a mammoth IPO? No, not Saudi Arabia. I’m talking about Royal Dutch Shell.

Shell is Europe’s third-biggest company by market value. But after the $54 billion acquisition of BG Group, its net debt is by far the largest: an eye-watering $70 billion.

Big Borrowers

Shell’s net debt is the largest of any company in western Europe

CLICK ON IMAGE TO ENLARGE

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The Anglo-Dutch company says debt is likely “to go up before it goes down” and its reduction is “priority number one”. With credit-rating agencies on its case, Shell has to deliver on a pledge to divest $30 billion of non-core assets within three years.

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Shell Oil Spill Dumps Thousands Of Barrels Of Crude Into Gulf Of Mexico

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The U.S. Bureau of Safety and Environmental Enforcement (BSEE) said a 2 mile by 13 mile (about 3 km by 21 km) sheen was visible in the sea about 97 miles off the Louisiana coast.

The sheen is near Shell’s Glider Field, a group of four subsea wells whose production flows through a subsea manifold to the Brutus platform, which sits in water with a depth of 2,900 feet (884 m).

In a statement, Shell spokesman Curtis Smith said a company helicopter observed the sheen on Thursday, and that the wells were under control after it isolated the leak and shut in production.

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Shell participates in bid for Dutch offshore wind farm

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Markets | Thu May 12, 2016 12:40pm EDT

By Toby Sterling and Thomas Escritt

May 12 Royal Dutch Shell is in a consortium bidding to build two 350 megawatt wind farms off the coast of the Netherlands, the oil company said on Thursday, delivering on a promise to invest more in wind energy.

Shell, bidding in the Dutch government tender together with energy company Eneco and contractor Van Oord NV, will use turbines built by Vestas if successful, the three companies in the consortium said in a statement.

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Shell Plans Oil-Asset Sale in Gabon, Says President

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By DREW HINSHAW in Kigali, Rwanda, and SARAH KENT in London: May 12, 2016

Royal Dutch Shell PLC is looking to sell oil blocks in Gabon, the country’s president said, as the company’s mammoth divestment plan threatens a Central African nation already hard hit by crashing crude prices.

Shell is in the process of selling off $30 billion of assets in the wake of its roughly $50 billion acquisition of BG Group PLC earlier this year. The deal gives the Anglo-Dutch oil major a strong position in the fast-growing liquefied-natural-gas market and lucrative deep-water blocks offshore Brazil, but investments that don’t fit within those core areas are likely to come under serious scrutiny as the company looks for cash to bring down its debt level.

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Top Shell investor vents anger at boss pay

Screen Shot 2016-05-12 at 11.33.40“The peer group of four companies that Shell uses to benchmark its long-term incentive plans (L-tips) is too narrow and we remain concerned about the overly generous senior management pension plans.”

However, Royal London, which owns nearly £1bn of shares in Shell, said it acknowledged that the company had notched up several successes, including the completion of its £35bn takeover of BG.

Mr van Beurden stands to take home a salary of £1.4m, bonus of £3.5m, and pension of £441,000 for 2015. He also received shares worth £9.7m, which vest in three years if he hits a series of targets.

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Royal Dutch Shell Faces Criticism From Glass Lewis on Payment Plans

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Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has faced huge criticism from Glass Lewis, a shareholder advisory firm to award its CEO Ben Van Beurden with a huge bonus in 2015. The shareholder advisory firm further persuaded the shareholders of the oil giant to cast their vote against the payment plans of the company.

As reported by the Wall Street Journal, Glass Lewis said in a report: “We remain concerned by the disconnect between bonus payouts and financial performance. We find it troubling that the CEO continues to receive payouts at just short of maximum while the company’s financials deteriorate.”

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Niger Delta militants kill five people and oil companies evacuate

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Nigerian trade unions called for oil companies to evacuate workers on Tuesday, following two attacks in the Niger Delta which left five people dead. Armed men killed two police officers and three soldiers in separate attacks in a region that has seen a resurgence of militancy.

After coming under fire from militants, Royal Dutch Shell and Chevron have evacuated some of their workforce in high-risk areas. Last week, a group known as Niger Delta Avengers (NDA) attacked a Chevron oil facility in the Delta and succeeding in blowing up the platform. The NDA went on to claim responsibility for bombing an underwater Royal Dutch Shell pipeline in February. Consequently, Nigeria’s crude output has fallen to its lowest point in 22 years.In a country whose economy and foreign currency reserves are largely dependant on oil and gas, the destruction of its pipelines by such armed groups could be absolutely catastrophic,” strategic consultant Leke Adebayo told The World Weekly. “Bad enough in boom times but in the middle of a crippling recession, the results would be devastating. This provides yet another reason as to why Nigeria needs to diversify its economy as soon as is reasonably practicable.”

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Pipeline explosion in Nigeria’s Delta behind shutdown of Shell’s Bonny Light exports: community leader

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Screen Shot 2016-05-09 at 15.25.56Wed May 11, 2016 12:50pm GMT

YENAGOA, Nigeria (Reuters) – An explosion has shut down an oil pipeline in Nigeria’s Delta, a community leader said on Wednesday, explaining why Shell has shut down its Bonny Light exports.

Shell said earlier a leak had shut down the exports, without giving details.

“There was a blast on the trunk line around Kalabari community of Rivers state,” said Nengi James, a community leader dealing with oil and gas companies operating in the region. “We don’t know the cause and who is behind the explosion.”

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Pipeline Outage Adds to Nigerian Oil Disruptions

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BY SARAH KENT and MIRIAM MALEK:Updated May 11, 2016 

LONDON— Royal Dutch Shell PLC on Wednesday said its exports of Nigerian crude oil had been significantly disrupted, adding to a slew of stoppages that have knocked out around 500,000 barrels a day of oil output in the West African country.

It is the latest hit to oil exports across the world, leading to mounting concerns about the global crude supply. A series of output interruptions from Canada to Libya have illustrated how quickly the global glut of oil could be cleared out after nearly two years of weighing on prices.

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Nigeria oil output set to fall to 22-yr low on pipeline outage

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YENAGOA, NIGERIA: Wed May 11, 2016

(Reuters) – Nigeria’s oil production is set to fall to its lowest in more than two decades after Royal Dutch Shell’s local operation said it had shut a major pipeline.

Nigeria’s oil output fell close to a 22-year low this month due to attacks on oil pipelines in the southern Niger Delta, home to much of the country’s oil and gas wealth, compounding the impact of low oil prices on Africa’s largest economy.

On Wednesday, Shell Petroleum Development Co (SPDC) said it declared force majeure on Bonny Light crude exports on Tuesday after closing the Nembe Creek Trunk line (NCTL) for repairs after a leak. NCTL carries all the country’s Bonny Light.

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OPPOSITION TO BEN VAN BEURDEN BONUS

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Translation of an article published 10 May 2016 by the Dutch Telegraph.

LONDON – The leading consulting firm Glass Lewis has criticized the bonus being paid to Shell CEO Ben van Beurden.

Glass Lewis has recommended shareholders to vote against the remuneration of the Directors at the shareholders’ meeting, according to the business newspaper The Wall Street Journal on Tuesday.

Van Beurden saw his salary drop by 8 percent over last year, but his bonus went up by 8 percent compared to 2014.

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Shell Canada reopens first oilsands mine shut down by Fort McMurray fires

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By DAN HEALING: The Canadian Press: Tues., May 10, 2016

CALGARY—The first oilsands mine shut down by wildfires in the Fort McMurray region a week ago has been restarted.

Shell Canada said Tuesday that it had resumed production at its Albian Sands mining operations about 95 kilometres north of Fort McMurray after a seven-day closure.

The operations, which include the Muskeg River and Jackpine oilsands mines, have the capacity to produce 255,000 barrels of oil a day, but Shell would say only that they were operating at a reduced rate.

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Shell forfeits Arctic leases once worth $2b

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Screen Shot 2016-05-10 at 08.42.36By Liz Ruskin, APRN: May 10, 2016

Shell is giving back all but one of its leases in the Chukchi Sea.

The announcement comes seven months after Shell said it was halting exploration in Alaska’s offshore Arctic for the foreseeable future.

Gov. Bill Walker calls the news “disappointing.”

Michael LeVine, Pacific senior counsel for the conservation group Oceana, says the lease-surrenders underscore Shell’s exit.

“They’re significant because they really call to an end this era of exploration, at least in the Chukchi Sea,” he said.

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BG Group to leave its namesake tower downtown

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By Nancy SarnoffMay 10, 2016

About five years after signing on to be the lead tenant in a new downtown office tower, BG Group will be leaving its namesake building.

The British gas producer, recently acquired by Royal Dutch Shell, will move employees out of the building at 811 Main by year’s end, Shell spokeswoman Natalie Mazey said Tuesday.

Staff will be relocated into existing Shell space downtown and on the west side. Most of Shell’s downtown offices are in One Shell Plaza and 1000 Main.

The departure of BG from 811 Main comes as the latest in a series of hits to the city’s office market amid the oil bust.

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Shell’s fleet of ancient rust buckets fit only for the scrapyard

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By John Donovan

In June 2015, I published an article by a regular contributor about the notorious Noble Discoverer, one of two drill ships used by Shell in their notorious offshore Alaska drilling campaign.

The insider described Shell’s fleet of five vessels sent into Arctic waters as ancient rust buckets fit only for the scrapyard.  

Apparently an entirely appropriate assessment, as I understand from a different source that the Noble Discover may well be on her way now to the infamous Alang shipbreaker yards in India.

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Big Oil Abandons $2.5 Billion in U.S. Arctic Drilling Rights

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Screen Shot 2016-05-10 at 08.42.36Jennifer A Dlouhy: May 10, 2016

Drillers forfeit millions of acres amid slump in oil prices

Royal Dutch Shell still holding on to one lease in Chukchi Sea

After plunking down more than $2.5 billion for drilling rights in U.S. Arctic waters, Royal Dutch Shell, ConocoPhillips and other companies have quietly relinquished claims they once hoped would net the next big oil discovery.

The pullout comes as crude oil prices have plummeted to less than half their June 2014 levels, forcing oil companies to slash spending. For Shell and ConocoPhillips, the decision to abandon Arctic acreage was formalized just before a May 1 due date to pay the U.S. government millions of dollars in rent to keep holdings in the Chukchi Sea north of Alaska.

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Nigeria: Shell to Continue Operations, Denies Plan to Evacuate Workers

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By Ejiofor Alike: 10 May 2016

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Shell Companies in Nigeria have restated their long-term commitment to the Niger Delta, saying they would continue operations in the oil-rich region despite the spate of militant attacks in recent days.

Shell has also denied evacuating its personnel from the region, saying that it was monitoring the security situation in the region very closely.

A militant group, which has identified itself as Niger Delta Avengers (NDA), had attacked Chevron’s facilities in the Escravos area of Delta State last Wednesday and Thursday.

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Shell gives up on all but one Chukchi Sea lease

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Yereth Rosen: Alaska Dispatch News: May 9, 2016

Royal Dutch Shell has decided to give up all but one of its federal offshore leases in the Chukchi Sea, bringing what appears to be an anticlimactic end to its multibillion-dollar effort to turn those icy Arctic waters off northwestern Alaska into a new oil-producing frontier.

“After extensive consideration and evaluation, we have made the decision to relinquish all but one of our federal offshore leases in Alaska’s Chukchi Sea. This action is consistent with our earlier decision not to explore offshore Alaska for the foreseeable future,” company spokesman Curtis Smith said in an email on Monday.

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Shell restarts some production at Alberta oil sands project

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Royal Dutch Shell Plc has restarted production at a reduced rate at its Albian oil sands mining operation in Alberta, it said on Monday, even as many energy companies remain offline after a major wildfire ravaged the area.

The company said it will fly in and fly out staff to help resume operations over the coming days and weeks. Locally based employees may choose to support operations only if they are willing and available, it said.

(Reporting by Jeffrey Hodgson; Editing by Sandra Maler)

SOURCE

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Shell workers evacuated from Bonga field after militant threat: union

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Mon May 9, 2016 10:57am EDT

Shell workers at Nigeria’s Bonga oil field in the southern Niger Delta are being evacuated following a militant threat, a senior labor union official said on Monday.

“We are aware of the development and the evacuation is being done in categories of workers and cadres,” Cogent Ojobor, chairman of the Warri branch of the Nupeng oil labor union, said. “My members are yet to be evacuated.”

He gave no numbers.

Shell said earlier on Monday that oil output was continuing at its oil fields in Nigeria despite local media reports of a militant attack near its Bonga facilities.

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Shell Evacuates Non-Essential Staff From Nigeria Field

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By SARAH KENT: May 9, 2016

LONDON— Royal Dutch Shell PLC has evacuated nonessential staff from one of its Nigerian oil fields amid mounting militancy in the country’s oil-rich Niger Delta region.

The company has reduced staff levels at its Eja oil field about 15 kilometers (10 miles) off the coast of Nigeria, according to a person familiar with the situation.

The move follows an attack on one of Chevron Corp.’s offshore facilities last week…

FULL ARTICLE

Shell says Nigerian output continuing despite reports of militant threat

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Screen Shot 2016-04-20 at 13.50.03LONDON May 9 (Reuters) – Shell said on Monday that oil output was continuing at its oil fields in Nigeria despite local media reports of a militant attack near its Bonga facilities.

Media reports said the company was evacuating workers because of threats from militants.

“Our operations at Bonga are continuing,” a spokesman for Shell Nigeria Exploration and Production Company (SNEPCo) said in a statement, adding that it will continue to monitor the security situation in its operating areas and take all possible steps to ensure the safety of staff and contractors.

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Report: Shell evacuates Nigerian facility

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By Daniel J. Graeber: May 9, 2016

ABUJA, Nigeria, May 9 (UPI) — Nigerian media reported Monday a group calling itself the Niger Delta Avengers forced the evacuation of facilities in the area operated by Royal Dutch Shell.

Nigerian newspaper Vanguard reported subsidiary Shell Petroleum Development Corp. evacuated around 100 staff from an oil facility that was producing around 90,000 barrels of oil per day. The newspaper reported that a skeleton crew was left behind, though operations at the Shell facility were suspended.

Vanguard reported the militant group calling itself the Niger Delta Avengers forced the Shell evacuation. The group last week took credit for knocking pipelines controlled by the Nigerian National Petroleum Corp. and Chevron offline. The group said the attacks came after issuing an ultimatum to the Nigerian government about developments in the Niger Delta.

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Changes coming in wake of Shell incident

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Journal staff: May 9, 2016

Changes are in the works following an incident last month at Shell’s Corunna refinery that led to a precautionary shelter-in-place for some residents due to reports of elevated benzene levels detected outside the plant.

“We had a meeting with Shell and talked about getting air quality monitors set up for our firehall in Corunna,” St. Clair Township Mayor Steve Arnold said. “So, we’ll be able to do air monitoring ourselves, with our fire guys. We don’t currently have that capacity.

“To me, that’s a real plus.”

The township has also expedited the repair of one of its alarm sirens – which currently only has four of eight horns in working order — and fixed a glitch with another siren after it was discovered that it never sounded at all during the April 27 incident.

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Niger Delta Avengers: Shell evacuates staff from major facilities

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MAY 9, 20161

By Emma Amaize, Regional Editor, South-South, Sam Oyadongha, Egufe Yafugborhi & Tare Youdeowei

More oil facilities to be bombed in N-Delta, other places —Avengers WARRI—The activities of Niger Delta Avengers, the new militant group in the oil-rich region, have forced Royal Dutch Shell to evacuate most of its staff from its production facility, Eja OML 79.

This came as different security agencies and militants held separate undisclosed meetings to re-appraise their tactics, following a fresh directive by President Muhammadu Buhari that the group, which claimed responsibility for the recent bombing of oil/gas installations in Warri, Delta State, be overpowered.

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Niger Delta Avengers Force Shell To Evacuate Staff From Major Facility Near Bonga

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BY SAHARA REPORTERS, NEW YORK: MAY 08, 2016

The menace of Niger Delta Avengers, the newest militant group in the oil-rich region,  has forced Royal Dutch Shell to evacuate most of its staff from a production facility. The evacuation was carried out by three helicopters on Saturday. The exercise will continue on Sunday in the firm’s facilities across the Niger Delta region.

Saturday’s evacuation saw 98 key personnel on board were overseen by helicopters from Eja OML 79, run by Royal Dutch Nigerian subsidiary, Shell Petroleum Development Corporation (SPDC), where production of 90k barrels of oil per day has been halted. 

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Shell to Sea Spokesperson Jailed for E300 fine as Millions roll in for Corrib Gas

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News Release – Issued by Shell to Sea – May 7th 2016 

Shell to Sea campaigner Maura Harrington was arrested in Belmullet on Friday afternoon and  jailed for 10 days in Mountjoy prison for the non-payment of a court fine of E300.

It is thought that the jailing relates to a 2012 protest attempting to block construction of the disputed development.

Ms. Harrington has continuously opposed the Corrib gas project due to health and safety concerns, environmental damage and the giveaway of Ireland’s natural resources to private corporations. [1]

The jailing comes on the same day as Vermillion Energy – who owns an 18.5% share in Corrib gas – released sales figures of $17million from Corrib from the first three months of 2016. [2] At this rate the Corrib partners – Shell, Statoil and Vermillion – stand to make sales of $7.35billion from Corrib over a 20 year field lifespan. [3]

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Chevron Shuts Platform Off Nigeria After Attack

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By SARAH KENT and BRADLEY OLSON: May 6, 2016 

LONDON—Unidentified attackers struck a Chevron Corp. platform off the Nigerian coast this past week, causing an oil spill and forcing the company to shut the facility.

Nigeria’s rich oil fields have a long history of violence and pollution, with oil thieves and industry protesters regularly puncturing pipelines and blowing up installations. In the 1990s, protests over oil spills forced Royal Dutch Shell PLC out of part of the Delta region. Shell later settled litigation accusing it of being complicit in the government’s execution of protesters. The company says the allegations were false.

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Philippines investigates Shell and Exxon over climate change

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Emma Howard in Manila: Saturday 7 May 2016

Can Chevron, ExxonMobil and BP be held accountable for the vulnerable communities most affected by climate change?

It’s a question a legal case in the Philippines could answer.

Last month, lawyers for the petitioners met with the Commission on Human Rights of the Philippines (CHR), a constitutional body tasked with investigating human rights violations. Their goal was to identify expert witnesses for a hearing into the liability of 50 of the biggest fossil fuel companies for violating the human rights of Filipinos as a result of catastrophic climate change.

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Shell to Sea activist Maura Harrington arrested over fine

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Shell to Sea activist Maura Harrington arrested over fine

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Mark Hilliard: 6 May 2016

Shell to Sea campaigner Maura Harrington has been arrested on foot of a warrant for the non-payment of a €300 court fine.

Ms Harrington, a spokesperson for the protest group, was arrested on Friday afternoon in Mayo and transported by gardaí to the Dochas women’s prison in Dublin where she is to serve a ten day sentence.

Speaking to the Irish Times, her brother Sean Harrington said he believes the offence which led to the imposition of the fine would have been a protest action at the Corrib plant in or around 2012, possibly using her car to block access to the facility.

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Shell to Sea activist Maura Harrington arrested in Mayo

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Friday 6 May 2016

SHELL TO SEA campaigner Maura Harrington has been arrested in Mayo and taken to Mountjoy Prison to serve time for an unpaid fine.

It is understood she was arrested this afternoon as she left a bank in Belmullet. She was taken to Belmullet garda station and then transported to the Dóchas Centre women’s prison at Mountjoy, where she is expected to spend ten days.

The activist was convicted last year in relation to the obstruction of a tunnel-boring machine at the Shell plant in Ballinaboy. A monetary penalty of €300 was imposed as part of her sentence, but she has refused to pay it.

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Why Royal Dutch Shell plc and Tullow Oil plc are in danger of a colossal correction!

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By Royston Wild – Friday, 6 May, 2016

While cooling crude prices may have put the brakes on surging commodity stocks in recent days, I believe previous heady gains leave many of the Footsie’s drillers and diggers in serious peril.

Oil giant Royal Dutch Shell (LSE: RDSB) has seen its share value march 13% during the past three months, propelled by Brent’s march back towards the $50 milestone. And Tullow Oil (LSE: TLW) has seen its stock price leap 29% since the start of February.

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Canadian Crude Prices Surge as Fire Hits Shell, Suncor Output

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  • Oil-sands output may be down by 1 million barrels a day: RBC

  • Suncor, Shell, Husky, ConocoPhillips cut production amid blaze

By Robert Tuttle and Rebecca Penty: May 6, 2016

The worst wildfire in Alberta history is boosting Canadian crude prices as oil companies evacuate workers and shut in as much as 1 million barrels a day of output.

Western Canadian Select, the benchmark for oil sands production, strengthened $1 to an $11.85-a-barrel discount to U.S. West Texas Intermediate on Thursday, the narrowest spread since July, data compiled by Bloomberg show. The absolute price rose $1.54 to $32.47 a barrel.

Suncor Energy Inc., Royal Dutch Shell Plc and Husky Energy Inc. are among companies that shut plants or reduced production. Cnooc Ltd.’s Nexen, ConocoPhillips, Imperial Oil Ltd. and Statoil ASA were also affected. The shutdowns follow supply disruptions in places like Nigeria and Iraq earlier this year that have helped global prices rebound from a 12-year low.

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Not-so-Big Oil

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May 7th 2016

IT HAS been a grim decade for investors in international oil firms—among them, many of the world’s biggest pension funds. Even before oil prices started to fall in 2014, the supermajors threw money away on grandiose schemes: drilling in the Arctic and building giant gas terminals. Their returns have trailed those of other industry-leading firms by a huge margin since 2009.

In the past 18 months things have gone from bad to worse. The Boston Consulting Group, a consultancy, calls it the industry’s “worst peacetime crisis”. That is evident in first-quarter results released in the past week by Exxon Mobil and Chevron of America, and European rivals, Royal Dutch Shell, BP and Total, which bear the scars of a collapse in oil prices to below $30 a barrel in mid-February (see chart).

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Nepotism at Shell Deer Park Refinery?

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Nepotism: the practice among those with power or influence of favouring relatives or friends, especially by giving them jobs.

THE FOLLOWING INTRODUCTION INCLUDES COMMENT FROM A SHELL INSIDER SOURCE

Daryl Riemer (26 years old) was hired externally to Shell Deer Park Refinery into a dept where his manager Jeffrey Gribnau, is his brother-in-law. 

In a Shell internal email dated 25 April 2016, Jeffrey gives all kinds of excuses of how it wasn’t nepotism and their code of ethics wasn’t violated.

The job position Riemer took is normally filled internally from very experienced employees. 

No surprise then that his appointment has generated debate and resentment leading to the leaked internal emails, which can be read below.

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