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Posts under ‘Shell’

Shell vessel heads to deep Gulf waters amid region’s uncertainty

Posted on November 13, 2015 | By Collin Eaton HOUSTON — Royal Dutch Shell’s newest oil-production vessel began a 15,000-mile journey this week from a Singapore shipyard to the world’s deepest underwater oil field, tasked with adding more crude to a worldwide oil glut that could upend industry plans to venture deeper offshore. The $1 […]

Are the Oil Sands Going Bust?

Written by Keith Kohl: Posted November 12, 2015 at 6:51PM After backing out of an Arctic drilling program, Shell is taking yet another hit by leaving the Canadian oil-sands in Alberta. To put it simply: the losses were too great. There was no way Shell would have been able to stay competitive, so it decided to […]

ACCC under pressure as gas buyers push Shell gas concerns

by Angela Macdonald-Smith: Nov 12 2015 In a country touting itself as “open for business”, the national competition regulator looms as a major hurdle in what could be the world’s biggest energy merger this decade, Royal Dutch Shell’s $US70 billion ($99 billion) swallowing of BG Group. Despite Shell’s global chief Ben van Beurden claiming “massive support” from federal and state politicians for the merger, […]

Shell share price: Australia boss sees no competition issues with BG tie-up

by Veselin Valchev: Thursday, 12 Nov 2015 Andrew Smith, chairman of Royal Dutch Shell Plc’s (LON:RDSA) Australian unit said he sees no local competition issues with the oil major’s bid to acquire fellow British energy giant BG Group, in contrast with reservations expressed by the Aussie competition regulator last month. The Australian Competition and Consumer Commission […]

Shell seeks permission for Russian JV

Shell has asked regulators for permission to work with Gazprom Neft on a joint venture, Khanty-Mansi Oil and Gas Union, despite the continuing EU and United States sanctions against Russia. ACCESS TO FULL ARTICLE SUBJECT TO SUBSCRIPTION

Science Museum ends sponsorship deal with Shell

Adam Vaughan: Thursday 12 November 2015 Critics have previously attacked the choice of a fossil fuel company as a funder for the museum’s Atmosphere gallery on climate science and said emails show Shell sought to influence the programme. However, current and former directors of the museum have rejected the charges, saying no curatorial changes had been […]


Flaring at Shell Moerdijk could be seen from 40 km away after a small fire on Nov 11th, 2015 (Photo: Twitter/@anjaboogaard) Nov 12, 2015 by Janene Pieters A small fire at Shell Moerdijk caused a red glow in the air that concerned local residents on Wednesday night. According to the fire department, the red glow […]

Shell Australia chairman Andrew Smith says LNG needed to develop Arrow gas

By Energy Reporter: Angela Macdonald-Smith: 12 Nov 2015 Shell Australia chairman Andrew Smith has insisted there are no issues of competition raised in eastern Australia with the oil giant’s planned $US70 billion ($98 billion) takeover of BG Group and that letting the deal proceed is the best way of ensuring the company’s undeveloped gas resources in […]

Shell affiliates are buyers, sellers in $390 million midstream transaction

Posted on November 11, 2015 | By Joshua Cain A pipeline subsidiary of Royal Dutch Shell has sold a crude terminal in Illinois and a pipeline system in the Gulf of Mexico for $390 million to a master limited partnership affiliated with Shell. Shell Midstream Partners, the Houston-based MLP that Shell formed in 2014, said on Wednesday […]

Shell share price: Company not giving up on oil sands

by Veselin Valchev: Wednesday, 11 Nov 2015 Royal Dutch Shell Plc (LON:RDSA) boss Ben van Beurden said last week that the withdrawal from the Carmon Creek thermal oil sands project in Alberta, Canada, does not mean that the Anglo-Dutch oil major has given up on oil sands in general. Shell’s chief executive noted that the company […]

Commemorating the 20th Anniversary of the Extra Judicial Death of Ken Saro-Wiwa & all the Ogoni 9

10 Nov 2015, Dublin Ireland Shell to Sea Activists and AFRI commemorated the 20th Anniversary of the deaths of Ken Saro-Wiwa and the Ogoni Nine outside “Corrib House:” Shell’s Irish Headquarters in Dublin. The activists carried crosses bearing the names of each of the men executed by the corrupt Nigerian Government on 10 November 1995. […]

Shell must pay full cost of Saro-Wiwa’s murder, polluting Ogoniland, activists demand

November 11, 2015: Ben Ezeamalu A coalition of civil societies have demanded that Shell be made to pay “the full cost” for the murder of the Ogoni playwright and activist, Ken Saro-Wiwa, and eight others and the pollution of Ogoniland. At a joint press conference in Port Harcourt, Tuesday, the Social Action, Ogoni Solidarity Forum, Movement […]

Nigeria oil pollution still menaces 20 years after activist’s hanging, Shell cleanup vows

WARRI, NIGERIA – Twenty years after a Nigerian military dictatorship hanged activist Ken Saro-Wiwa, his Niger Delta homeland remains blighted by oil pollution. Thousands of lives have been wrecked, according to Amnesty International, as oil slicks killed the fish, crude-crusted soil stunted crops and oil flare-ups polluted lungs. Gen. Sani Abacha’s regime hanged Saro-Wiwa, 54, […]

Ken Saro-Wiwa’s widow talks about execution 20 years on

By Yvonne Ndege | Al Jazeera  A memorial march is due to be held in Nigeria for a champion of the environment who confronted one of the world’s biggest oil companies – and was then hanged. It is the 20th anniversary of the execution of Ken Saro Wiwa, who campaigned against oil pollution in the […]

Shell Oil Co. president touts carbon tax over piecemeal regulations

Posted on November 10, 2015 | By Jordan Blum A carbon tax or cap-and-trade system in the U.S. — and globally — would serve the energy industry better than the current slate of piecemeal state and federal regulations, Shell Oil Co. President Marvin Odum  said Tuesday. He acknowledged that Congress won’t take action soon in […]

Shell’s top Arctic exec is retiring, will join KBR board

Posted on November 10, 2015 | By Joshua Cain After Royal Dutch Shell scuttled its $7 billion Arctic drilling program in September, the company’s top executive on the project is moving on. Ann Pickard, Shell’s executive vice president in the Arctic, will retire from the company in February 2016, Shell spokeswoman Kelly op de Weegh […]

Shell CEO says company committed to oilsands despite Carmon Creek decision

LAUREN KRUGEL, THE CANADIAN PRESS: November 10, 2015 FORT SASKATCHEWAN — The CEO of Royal Dutch Shell Plc says a decision to back away from its Carmon Creek oilsands project last month does not mean it’s backing away from the oilsands in general. Ben van Beurden told reporters last week that his company ranks investment […]

Nigerian Probes Uncover $12bn Oil Fraud

In 2012, the Senate investigated the contentious Malabu Oil Field transaction. The Upper House re-opened investigation into an allegation of $1.1 billion round-tripping involving the federal government and two international oil companies – Shell and Eni (Agip) – over the sale of a contentious OPL 245 oil block. BY EDEGBE ODEMWINGIE AND BODE GBADEBO: Nov 10, […]

Shell haunted by Ken Saro Wiwa legacy as Niger Delta communities demand justice

10 November 2015 Today marks the 20th anniversary of the execution of Ken Saro Wiwa and eight other Ogoni leaders, hanged by the Nigerian state after they spoke out against the government and campaigned against Shell’s operations in Nigeria’s Ogoniland. Their executions sparked a global outcry. It’s a fitting moment to take stock of the […]

Anger over enduring ‘environmental horror’ in oil-rich, polluted Niger delta

Activists in Port Harcourt, Nigeria protest to demand that Shell pay reparations and clean up its oil spills. © Amnesty International John Vidal read more

Is Royal Dutch Shell Plc Making A Big Mistake By Acquiring BG Group plc?

By Rupert Hargreaves | 9 November 2015 Royal Dutch Shell’s (LSE: RDSB) £47bn cash-and-stock offer for BG (LSE: BG) is one of the largest takeover deals ever to take place in the UK. However, the deal is also rapidly becoming one of the most controversial takeover deals ever to take place here. One fund management is now […]

Shell share price: Fund manager boss attacks tie-up with BG

Jupiter Fund Management exec likens deal to RBS’ purchase of ABN Amro by Alice Young: Monday, 09 Nov 2015 08:40 GMT A senior executive at one of the City’s biggest fund managers has attacked Royal Dutch Shell’s (LON:RDSA) proposed takeover of BG Group (LON:BG), The Times has reported. The comments come after the Anglo-Dutch giant’s […]

Fund boss blasts Shell’s pursuit of BG Group

Martin Waller: 8 November 2015 A senior executive at one of the City’s biggest fund managers has attacked the proposed takeover of BG Group by Royal Dutch Shell, likening it to the disastrous purchase of ABN Amro by Royal Bank of Scotland in 2007, soon before the financial crisis. Ian McVeigh, head of governance at […]

Plan for equality on Shell merger

Plan for equality on Shell merger Jane Harper: Herald Sun: November 8, 2015  A PEAK manufacturing group has urged the competition watchdog to place conditions on Royal Dutch Shell’s multibillion-dollar buyout of oil and gas heavyweight BG Group. The proposed $US70 billion ($99 billion) deal would be one of the biggest in the oil and […]

Protest threatened over memorial 20 years after Ken Saro-Wiwa execution

Twenty years after ‘judicial murder’, Nigeria’s Ogoni people highlight international storm over oil spillage pollution John Vidal: Saturday 7 November 2015 Leaders of Nigeria’s Ogoni people have threatened to disrupt the country’s oil industry if the government does not release a British artwork commemorating the 20th anniversary of the execution of the writer Ken Saro-Wiwa. […]

Shell shareholders should think carefully about BG takeover

By Ian McVeigh: 12:36PM GMT 07 Nov 2015 Investors watching the takeover boom and wondering whether it is the start or the end of a period of high investment returns may want to have a look at Shell’s proposed takeover of BG. Megadeals often tell us that the buyer is far more challenged than we know […]

Oil giants ‘face cascade of claims’

Robin Pagnamenta Energy Editor: November 7, 2015 An investigation by New York’s attorney-general into ExxonMobil’s record on climate science could trigger a “cascade” of similar claims against other oil companies, including Britain’s BP and Royal Dutch Shell, legal experts have warned. Prosecutors might seek to investigate other companies that helped to fund organisations that queried climate […]

Shell says $60-$80 carbon price needed to justify carbon storage

Nov 6 2015, 16:59 ET | By: Carl Surran, SA News Editor Royal Dutch Shell (RDS.A, RDS.B) unveils a $1.3B carbon capture storage project for Alberta, but says future efforts to curb greenhouse gases will continue to need financial support from governments. Shell CEO Ben van Beurden says carbon capture and storage projects need a […]

DAVID HOWELL, EDMONTON JOURNAL: November 6, 2015 Fort Saskatchewan — Shell and its partners Friday opened the $1.35-billion Quest carbon capture and storage project. It is designed to capture and store more than one million tonnes of carbon-dioxide emissions a year from the bitumen upgrader at Scotford. Built with financial help from the Alberta and federal governments, Quest is the world’s first […]

Exxon Inquiry Both Mirrors and Contrasts With Tobacco Industry Case

By JOHN SCHWARTZ: NOV. 6, 2015 The New York attorney general’s decision to investigate Exxon Mobil over whether the company lied to the public and investors about the risks of climate change has raised questions about possible similarities to the Justice Department’s successful suit against the tobacco industry in 1997. The new case has reprised the […]

Citing Climate Change, Obama Rejects Construction of Keystone XL Oil Pipeline

“President Obama is the first world leader to reject a project because of its effect on the climate,” said Bill McKibben, founder of the activist group, which led the campaign against the pipeline. “That gives him new stature as an environmental leader, and it eloquently confirms the five years and millions of hours of […]

Keystone rejection tied to climate inaction frustration-Shell CEO

Markets | Fri Nov 6, 2015 3:38pm EST By Mike De Souza Nov 6 (Reuters) – The U.S. rejection of the proposed Keystone XL pipeline was driven in part by protesters who are increasingly frustrated with inaction on climate change, Royal Dutch Shell Plc Chief Executive Ben van Beurden said on Friday. Speaking at the […]

How a poor Nigerian town got Shell to pay for major oil spills

JESSE WINTER: November 6, 2015 For decades, poor residents of the oil-rich Niger Delta have fought the pollution of their lands with little success. Now, writes Jesse Winter, a town ravaged by oil spills has changed the game with a historic court victory against Shell. The Yamaha outboard coughs indignantly but refuses to catch. John Agava […]

Shell Canada says Keystone XL was already in uncertainty window

Shell Canada says Keystone XL was already in uncertainty window CALGARY: Fri Nov 6, 2015 Royal Dutch Shell PLc said on Friday there are at least three other possible pipeline alternatives to TransCanada Corp’s Keystone XL project, which was rejected by U.S. President Barack Obama, and Shell would like to see at least one approved. […]

Shell Canada and Nova Scotia petroleum board quizzed on oil spill risks

Shell Canada and Nova Scotia petroleum board quizzed on oil spill risks By Jennifer Henderson, CBC News: 5 Nov 2015 Executives from Shell Canada and Nova Scotia’s Offshore Petroleum Board were quizzed this week by the legislature’s resource committee on the oil company’s plans in the event of a blowout at an offshore drilling site near Shelburne.  […]

Former head of GCHQ advising Shell and private intelligence firm

Harry Davies: Thursday 5 November 2015  A former head of GCHQ has become an adviser to Shell and an influential private intelligence company after retiring from the UK’s electronic eavesdropping agency late last year. Sir Iain Lobban’s consultancy with Shell and the holding company of Hakluyt & Co, a boutique corporate intelligence firm established by former […]

Shell Canada carbon capture likely last to get Alberta subsidies

CALGARY, ALBERTA | BY MIKE DE SOUZA: Commodities | Thu Nov 5, 2015 9:01pm GMT Royal Dutch Shell’s launch on Friday of Canada’s first oil sands project to capture and bury carbon emissions – assisted by generous public subsidies – will likely be the last to get such funding, the Alberta government said this week. The […]

Shell update on BG takeover stokes fears for North Sea jobs

The update fuelled fears about the implications for the North Sea, where Shell and BG have around 2,800 staff and contractors working in total. Both have big operations centres in Aberdeen. The company has shed 7,500 posts globally this year in response to the crude price plunge. It has cut 500 North Sea jobs since […]

Shell’s boss fights to keep BG deal alive as he attempts to calm jittery investors

By LAURA CHESTERS FOR DAILY MAIL: 3 November 2015 Royal Dutch Shell chief executive Ben van Beurden is the oil industry’s equivalent of a swan – below his calm demeanour he is furiously paddling to keep his planned £40billion mega-deal afloat. Shell is buying rival BG Group and, to get the deal away and for […]

Exposed: The fake recruitment boss who offered oil expert £10,000 a month job with Shell

4 NOV 2015 BY ANDREW PENMAN Fraudsters lure victims into paying upfront fees to cover supposed costs only to find out the employer has never heard of them One Mirror reader who has just been targeted is out-of-work oil industry logistics expert Alan Winks. It seemed that his years of experience in the North Sea […]

Angela Macdonald-Smith: November 4, 2015 Royal Dutch Shell remains unequivocally bullish on prospects for liquefied natural gas despite the current market glut, pointing to several options for new supply projects after its planned $US70 billion ($97 billion) takeover of BG Group and plenty of new markets opening up around the world. “The fundamentals of this market look […]

Shell carves more savings from BG Group deal, expects further job cuts

Posted on November 3, 2015 | By Collin Eaton HOUSTON — Shell has found another $1 billion in costs it could shake free after it buys BG Group, company officials said Tuesday, partly in response to critics of the huge acquisition Shell announced when crude was more expensive in the spring. The cuts would mean […]

Shell makes further cost cuts of £650m to keep BG takeover on track

Sean Farrell: Tuesday 3 November 2015 12.43 GMT Investors have been nervous about Shell’s purchase of BG since it was announced in April. At the time, Shell suggested oil prices would recover to $90 a barrel by 2020. However, they have fallen from $115 a barrel last year to less than $50 and are predicted to stay […]

Shell describes Arctic drilling project as a good prospect that just didn’t work out

Associated Press: Nov. 3, 2015 LONDON (AP) — Royal Dutch Shell CEO Ben van Beurden says the company will reflect on its decision to consider drilling off the coast of Alaska but voiced his regret that the prospect couldn’t be made to work out. Van Beurden told reporters Tuesday as Shell updated its strategy that it […]

Shell Steams Ahead With BG Takeover With Promise of More Savings

Rakteem Katakey: November 3, 2015: Raises estimates of savings after combination to $3.5 billion Gas business becomes stand-alone unit under Maarten Wetselaar Royal Dutch Shell Plc said its record takeover of BG Group Plc will still deliver value to investors even in a prolonged oil-industry downturn and reshaped its business in preparation for the […]

Shell predicts $1bn more cost savings from BG takeover

The collapse in oil prices over the past year has raised concerns among some investors that Shell may have overpaid for BG and the group has been seeking to turn round this shareholder scepticism. FULL FT ARTICLE

Appointment of Maarten Wetselaar as Integrated Gas Director

Maarten Wetselaar, Integrated Gas Director, Royal Dutch Shell Plc THE HAGUE, the Netherlands, November 3, 2015 /PRNewswire/ — Royal Dutch Shell plc (“Shell”, NYSE: RDS.A, NYSE: RDS.B)) today announces the appointment of Maarten Wetselaar Integrated Gas Director with effect from January 1st, 2016. Integrated Gas in Shell has grown into a business that generated $11 […]

Shell Says Purchase of BG Group Would Allow Further Cost-Cutting

By STANLEY REED: NOV. 3, 2015 LONDON — Royal Dutch Shell said on Tuesday that its planned acquisition of BG Group, the British oil and gas producer, would lead to major cost-cutting opportunities as well as sales of oil and gas properties. As it prepares to complete the deal, expected early next year, Shell also said […]

BUZZ-BG up more than 1 pct as Shell backs deal

Commodities | Tue Nov 3, 2015 10:17am GMT ** BG Group and Shell outperform the FTSE 100 in the wake of Shell’s recommitment to its planned $70 bln takeover of its smaller rival ** Shell announces plans for further benefits & cost cuts aimed at making deal work with oil at mid-$60s/barrel & says it […]

Shell Reorganizes Natural Gas Business as BG Takeover Approaches

Rakteem Katakey: November 3, 2015: Maarten Wetselaar to lead stand-alone Integrated Gas business Marvin Odum to lead new Unconventional Resources unit Royal Dutch Shell Plc announced organizational changes in its business as it prepares for its biggest ever takeover amid what it expects to be a prolonged downturn in oil prices. Europe’s biggest oil […]