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Posts under ‘Shell’

Merger of Royal Dutch Shell and BG Group

Published by Joshua Noonan: September 27, 2015 With the declared April 2015 merger of Royal Dutch Shell and BG Group, formerly British Gas, a combination of assets spanning continents is occurring. The completion date of the merger in early 2016 has had some roadblocks. In Kazakhstan’s Karachaganak Field project, the combined group could lead to Shell […]

Shell awaiting green light to begin Nova Scotia offshore drilling

Shell says 90 per cent of the supply vessel staff will come from Nova Scotia 25 Sept 2015 Four ships are standing by in Halifax Harbour, waiting for Shell Canada Ltd. to get the green light to hunt for oil in the deep waters of Nova Scotia. The company expects to begin drilling two exploration wells […]

Here’s How Royal Dutch Shell plc And BP plc Will Be Impacted By A Weak Chinese Economy

Bidness Etc discusses how European oil majors are impacted by the slowdown in the Chinese economy By: Micheal Kaufman: Sep 25, 2015 The slowing Chinese economy has impacted the overall world economy and various other sectors. According to a Moody’s Investor service report EMEA (Europe, Middle East, and Africa)’s mining sector is totally exposed to the […]

Shell bets big on India with its second LNG terminal

Shell expects LNG demand to rise by 5% every year over the next couple of decades while global gas demand is growing at 2% By: Siddhartha P Saikia | Singapore | September 25, 2015 5:39 AM Royal Dutch Shell, which set up a 5 million tonne LNG terminal at Hazira in Gujarat nearly a decade back, […]

Shell to advise governments on climate change!!!

Sep 24 2015, 11:59 ET | By: Carl Surran, SA News Editor Royal Dutch Shell (RDS.A, RDS.B), BHP Billiton (NYSE:BHP) and GE are teaming up with the McKinsey consultancy and other large companies to advise governments on how to combat global warming without weakening their economies, Financial Times reports. The companies also are backing a […]

Is Your Pension In Safe Hands With Shell?

By Lisa Smith: 24 Sept 2015 If you have a pension with oil giant Shell and are worried about what may happen to your retirement savings if you lose your job you need to take specialist financial advice. Many Shell workers have built up significant retirement savings as high-earners in a well-paying industry. The company […]

Petition to Sign – Minister White: Don’t reward Shell abuses in Ireland

Dear John, Interesting to read the two recent articles about Shell/Corrib on your site – Shell’s arrogance, plus their presumption of statutory and ministerial subservient compliance still reign supreme! Shell could at least have made a cursory acknowledgement of a person’s right to recourse to law by way of Judicial Review of the two presumed […]

Giant ‘dying polar bear’ appears outside Shell UK headquarters in protest over Arctic drilling

BY KARA O’NEILL: 21 Sept 2015 A giant dying polar bear has been placed outside the headquarters of oil and gas company Shell in a bid to stop their Arctic drilling programme. British actress Emma Thompson was among the protesters who manoeuvred the three-tone puppet into place, locking six people inside so the bear cannot […]

Shell report says Alaska oil exploration program brings $172.7 million to Puget Sound communities

Shell report says Alaska oil exploration program brings $172.7 million to Puget Sound communities By CORAL GARNICK: McClatchy News Service: 20 Sept 2015 SEATTLE — Shell Oil, preparing to return its offshore Arctic drilling fleet to Puget Sound as early as next month, has released a study saying that this year and next its controversial Alaska […]

Why we MUST drill for oil in the Arctic: Shell boss’s message to climate change campaigners and governments

By JON REES, FINANCIAL MAIL ON SUNDAY: 20 Sept 2015 Some green campaigners seem to believe Shell boss Ben van Beurden would be happy dunking polar bears in thick, black crude oil if it helped make the planet even hotter. But van Beurden, the 57-year-old engineer who has run Royal Dutch Shell for nearly two […]

Shell’s dividend gusher can survive a prolonged siege

If the oil price stays low, Shell’s van Beurden may have to eat his words Photo: AFP Sunday Telegraph: Jeremy Warner: 20 Sep 2015 Ben van Beurden, chief executive of Royal Dutch Shell, is on a charm offensive to convince investors – and the press – that both the dividend is safe and the pending £45bn takeover of […]

Shell/Exxon NAM JV cuts 2000 jobs due to low oil price and liability for Dutch earthquakes

“Thousands of buildings have been damaged in earthquakes caused by the ground settling after the gas has been removed. ‘NAM has continued to drill in Groningen even though it is well aware of the risks, and has put dozens of lives in danger…” By John Donovan: Saturday 19 Sept 2015 A spokesperson for the Dutch […]

Shell completes Corrib as partner confirms €243m loss

Shell Ireland has declared that the on-site work is now complete for the gas to flow from the Corrib Gas field. Some of the more than 900 employees pictured during construction of the Corrib Gas Processing Terminal at Bellanaboy. Irish Independent: By Gordon Deegan: Saturday 19 Sept 2015 Shell Ireland yesterday declared that on-site work […]

Actors join campaign to draw attention to Arctic issue

By DAN JOLING: 18 Sept 2015 ANCHORAGE, Alaska (AP) — Critics of Arctic offshore petroleum drilling have used climbing gear, kayaks and polar bear costumes to protest industrial activity in the Arctic. They’re now trying humor. Actors Alexander Skarsgard of “True Blood” and Jack McBrayer of “30 Rock,” along with Andy Bichlbaum of “The Yes […]

When Shell senior management had a collective mental health crisis

As New-Age Style Came In, Geology Skills Lost Out; Imitating Jerry Springer Oilmen at a Rainy Playground By CHIP CUMMINS and ALMAR LATOUR Staff Reporters of THE WALL STREET JOURNAL: November 2, 2004 In late 2000, the head of the Dutch exploration unit at Royal Dutch/Shell Group asked his planners to deliver five-minute skits pitching ideas […]

EU Said to Ramp Up Oil-Benchmarks Probe With Evidence Request

Regulators may be moving toward sending antitrust complaint Probe began two years ago with raids on BP, Shell and Statoil By Gaspard Sebag and Javier Blas: BLOOMBERG.COM: 17 Sept 2015 Major oil companies including Royal Dutch Shell Plc and price publisher Platts were told by regulators to redact business secrets from documents obtained during antitrust raids in a […]

Update: U.S. Dept. of Defense Confirms NCIS Espionage Investigation of Shell

By John Donovan In 2010, I published an article revealing that four years earlier, U.S. authorities had launched an investigation into alleged industrial espionage by Shell Oil Company. I contacted Shell at the time, but the then Chief Ethics & Compliance Officer for the company refused to comment. A related court case is currently underway. A […]

Optimism & Outrage: Shell’s $7 Billion Arctic Oil Gamble

by CYNTHIA MCFADDEN and JAKE WHITMAN: SEP 17 2015 At Royal Dutch Shell’s operations center in Anchorage, the cries of outrage that greeted the start of offshore drilling in the Arctic are drowned out by optimism. The energy giant’s president, Marvin Odum, told NBC News that he’s confident that the $7 billion already spent to find […]

Shell CEO: Alaska drilling efforts could end after this season

September 17, 2015 If Shell’s Chukchi Sea drilling operations manage to penetrate underground rock formations in waters off Alaska’s north coast this season and don’t find oil, that could be the end of the company’s controversial Arctic efforts, according to a report from the BBC. “Our plan for the Arctic is to find out whether […]

Shell will not sanction Arctic exploration until at least 2020

Kamal Ahmed: Business editor: 17 Sept 2015 As it moves, gingerly, through the first stages of exploration 70 miles off the Alaskan coast, Royal Dutch Shell has revealed its commitment to drilling in the Arctic. And how long it will be before any oil or gas actually comes out of the ground – if at all. […]

Australia delays decision on Shell bid for BG on gas supply concerns

Commodities | Thu Sep 17, 2015  * Regulator raises domestic gas supply, price concerns * ACCC to issue final decision on Nov. 12 * Shell says still expects to complete deal in Q1 2016  By Sonali Paul MELBOURNE, Sept 17 (Reuters) – Australia’s competition watchdog flagged concerns on Thursday that Royal Dutch Shell’s proposed $70 […]

Shell-BG Deal Poses Competition Concerns, Regulator Says

By James Paton Sept 17, 2015: BLOOMBERG.COM Royal Dutch Shell Plc’s $70 billion deal to buy BG Group Plc could reduce the supply of natural gas to local customers in Australia and boost prices, according to the nation’s competition regulator, which delayed a decision on the agreement until November. The transaction may decrease the incentive for Shell’s […]

Volatile’ oil price hard to predict, says Shell boss

Royal Dutch Shell chief executive Ben van Beurden has told the BBC a recovery in the price of oil is hard to foresee. “It is a very, very volatile business in terms of supply and demand. The oil price responds to very small mismatches between supply and demand,” he told BBC Radio 4’s Today programme. […]

Cash-strapped Nigeria to renegotiate contracts with oil majors

By: Carl Surran, SA News Editor: Sept 16, 2015 Nigeria’s state oil company says it plans to renegotiate production sharing agreements with oil majors including Royal Dutch Shell (RDS.A, RDS.B), Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM) and Eni (NYSE:E), as the country has been hit hard by the plunge in global oil prices. “Some of the […]

Jewell says ‘Keep It in the Ground’ movement simplistic, country too reliant on fossil fuels

The Kulluk is an Arctic drill rig owned by Royal Dutch Shell. In 2012, the rig ran aground off Sitkalidak Island near Kodiak Island. The highly publicized incident was used by drilling opponents as an example of Shell’s lack of qualifications to drill in the Arctic. (Photo by Petty Officer 1st Class Sara Francis/U.S. Coast […]

Ghost of Exxon Valdez Haunts Shell in the Arctic

Andy Rowell, September 11, 2015 There are many contradictions about Shell’s Arctic misadventure to drill for oil, but three are the most striking: Firstly the company is spending billions of dollars and risking the reputation of the company on oil that can never be burnt. Secondly, Obama having just allowed the company to start drilling […]

Shell drills dry well in the Norwegian Sea -NPD

Mon Sep 14, 2015 OSLO, Sept 14 (Reuters) – Royal Dutch Shell Plc drilled a dry well in the southern section of the Norwegian Sea, The Norwegian Petroleum Directorate (NPD) said on Monday. This is the first exploration well in production licence 793 awarded in the 2015 pre-defined licensing round (APA), NPD said. Shell, operator […]

Shell CEO says BG deal risk is overstated

Ed Crooks in New York: 13 Sept 2015 Investors have exaggerated the risk that Royal Dutch Shell will fail to complete its planned £43bn acquisition of BG Group, Shell’s chief executive has said. BG shares are trading at a substantial discount to the value of Shell’s offer, suggesting some in the market are concerned the deal […]

Analysts predict oil price plunge: Oversupply could drive Brent Crude to $20, warns Goldman Sachs

By LAURA CHESTERS FOR THE DAILY MAIL: 11 September 2015 The price of oil could fall as low as $20, Goldman Sachs warned last night. As fears about China’s growth continued, the Wall Street giant’s stark analysis of the global crude market pummelled prices again yesterday. The price of Brent Crude fell more than 2 per […]

Shell’s big gamble: Oil wrangling at the far reaches of the Arctic frontier

By Steven Mufson September 11 Shell Oil Co.’s president Marvin Odum made the trip on Sept. 2 from Houston to this northern-most town in the United States, a spot whose traditional name, Ukpeagvik, means “place where snowy owls are hunted.” Odum is here hunting, too, for oil offshore and political support from Alaska Natives living […]

Royal Dutch Shell plc: Appointment of Ronan Cassidy as Chief Human Resources & Corporate Officer

THE HAGUE, Netherlands, September 11, 2015 /PRNewswire/ — Royal Dutch Shell plc (NYSE: RDS.A)(NYSE: RDS.B)(the ‘Company’) today announces the appointment of Ronan Cassidy as Chief Human Resources & Corporate Officer with effect from January 1, 2016. In his new role, Ronan will become a member of the Executive Committee and will take over from Hugh […]

Shell exits Prince’s climate group in row over Arctic oil

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Shell leaves climate project it helped set up amid Arctic drilling row

Shell has been forced to leave a Prince of Wales climate change project which it helped found after a row over the oil company’s controversial drilling programme in the Arctic. The departure from the Prince of Wales’s Corporate Leader Group is another embarrassing setback for the oil and gas company, which has been battling to preserve […]

Groningen gas production challenged in Dutch court

THE HAGUE, SEPT 10 | BY TOBY STERLING (Reuters) – A Dutch high court on Thursday began hearing complaints from groups seeking to reduce or stop gas production at the Groningen gas field, Europe’s largest, to reduce the danger of earthquakes. No date has been set for a ruling by the Council of State, but […]

Riled Locals Fight Output From Europe’s Largest Gas Field

Groningen gas field produces 61 percent of Dutch fuel Complainants say gas extraction has caused earthquakes By Kelly Gilblom: BLOOMBERG.COM: Sept 10, 2015 A Dutch court is set to hear arguments that production from Europe’s largest natural gas field should be suspended because of earthquakes linked to extraction. The Netherlands has progressively cut the amount of […]

Yes, ExxonMobil Could Buy Chevron

By Ben Levisohn: Sept 9, 2015 Oppenheimer’s Fadel Gheit and Luis Amadeo contend it’s just a matter of time before ExxonMobil (XOM) goes on a shopping spree–and argue that it’s theoretically possible Chevron (CVX) could be a target. They explain: Lower oil and gas prices for longer could accelerate industry consolidation, which could benefit large financially […]

Shell CEO Says Only ‘Something Cataclysmic’ Could Stop BG Merger

By SHAYNDI RAICE And SARAH KENT: Sept. 9, 2015  LONDON—Royal Dutch Shell CEO PLC Ben van Beurden has told investors privately that only “something cataclysmic” could derail the company’s $70 billion takeover of BG Group PLC, according to a person familiar with the matter. FULL ARTICLE

California Appeals Court Allows Shell $90M Oil Contamination Settlement

Shell’s $90M Oil Harm Deal Nears Win Over Dole Challenge By Daniel Siegal Law360, Los Angeles (September 8, 2015, 9:57 PM ET) — A California appeals court indicated Tuesday it will allow Shell Oil Co.’s $90 million settlement with nearly 1,500 Los Angeles-area residents over oil waste buried under homes built by a Dole Food […]

Shell confirms has canceled Westward Ho pipeline project

HOUSTON | BY KRISTEN HAYS: Tue Sep 8, 2015 Royal Dutch Shell shelved its Louisiana-to-Texas Westward Ho pipeline after years of delays, reductions in scope and after other new pipelines began flowing, a spokeswoman confirmed on Tuesday. “After a thorough review and as a result of changing market conditions, Shell Pipeline Company LP has decided […]

Move Over Exxon, Russian Drillers Are Oil World’s Top Performers

By Stephen Bierman and Rakteem Katakey: Sept 8, 2015 At a time when the collapse in crude prices pushes Russia’s economy into a recession, the nation’s oil producers are managing to beat their western counterparts. On measures including cash flow, profit margins and share prices, OAO Rosneft, Lukoil PJSC — Russia’s two largest oil producers — and OAO […]