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Posts under ‘Shell’

Can Shell afford Arctic oil?

Karl Mathiesen: Wednesday 12 August 2015 This is the first time the Anglo-Dutch giant’s star-crossed Arctic programme will drill deep enough to hit oil. The company has reportedly spent $7bn (£4.5bn) on getting to this point, including replacing its prize Kulluk rig after it ran aground off Alaska in 2012. For them to gain any […]

BVB Personal Journey? Was it to a bank or a casino?

By John Donovan Royal Dutch Shell CEO Ben van Beurden claims that he has been on a personal journey in relation to authorising Shell’s latest Arctic gamble. All due credit for the courage needed to take such a huge risk. The same applies to Shell’s takeover of the BG Group and the alliance with the corrupt […]

Shell Arctic drilling ‘risky’ – ex-BP boss Lord Browne

By Roger Harrabin: BBC environment analyst: 12 August 2015 Drilling for oil in the Arctic may harm Shell’s reputation and cost it dear, the former BP boss Lord Browne has said. Shell has just started preliminary drilling in Alaska’s Chukchi Sea after several setbacks. The firm’s CEO Ben van Beurden said he had gone on […]

Shell Oil accidentally spills hundreds of thousands of pounds of toxic gas in Deer Park

Dylan Baddour, Houston Chronicle: Tuesday, August 11, 2015 On Sunday morning, hundreds of thousands of tons of toxic gas were accidentally released from the Shell Oil facility in Deer Park. According to reports from the Texas Commission on Environmental Quality, 326,166 pounds of butadiene escaped through an open valve on a spherical tank between 10:40 am […]

Shell Ready To Drill For Arctic Oil As Delayed Icebreaker Arrives

Unalaska community broadcasting – kucb 89.7 fm – channel 8 By John Ryan: Tuesday, August 11 2015 Shell’s wayward icebreaker made it to the company’s Arctic Ocean drilling site Tuesday. The arrival of the Fennica after a month’s delay means the company could get to drill for oil beneath the Chukchi Sea this summer. Currently, Shell […]

Ann Pickard: the little-known executive leading Shell’s gamble on Arctic oil

Pickard is known as one of the oil industry’s toughest political operators with a history of doing whatever it takes to further Shell’s interests – and the Arctic is ‘just too big a prize’ to leave read more

Shell asks for approval on deeper Arctic drilling

By Jennifer A. Dlouhy: August 10, 2015 WASHINGTON – Shell is asking federal regulators for permission to drill deeper into potential oil-bearing rock thousands of feet below the Chukchi Sea. Although the company has been drilling a well at its Burger Prospect since July 30, Interior Department regulators have limited the company’s work to the top […]

For the sake of the Inupiat, Shell should give up drilling in the Arctic

Othniel Art Oomittuk Jr.: August 10, 2015 Inupiaq people, who have inhabited the uppermost one-third of the state of Alaska, known as the Arctic, for millennia, are part of a larger circumpolar indigenous Inuit nation. The current population of the Inupiat in Alaska is about 13,500 (source: University of Alaska Fairbanks). Point Hope is the longest […]

Trumpets, pianos and violins. On Shell’s doorstep for an entire month

Shell are in the Arctic as we speak. They’re waiting eagerly for the greenlight, then they’ll start drilling deep into the sea floor, risking huge oil spills. That’s why we’re going face to face with the bosses who’ve the power to call it all off – at Shell’s London HQ right now. Day after day, […]

Shell Seeks Modified Permit for Arctic Offshore Drilling

ANCHORAGE, Alaska — Aug 10, 2015: By DAN JOLING Associated Press Royal Dutch Shell PLC has applied to amend its federal permit to allow drilling into oil-bearing rock in the Arctic Ocean off Alaska’s northwest coast. Shell last month received permission to begin some drilling in the Chukchi (chuk-CHEE’) Sea but was banned from digging into […]

Shell pumped $20 billion a year from motorists but paid no company tax

Michael West: 9 August 2015 For the third year on the trot, Shell service stations generated billions of dollars and revenue but not a cent in company tax. In fact the owners of the sunny yellow servos reported tax benefits in all three years despite total sales which may be in excess of $60 billion. This is an […]

U.S. Puts Russian Gas Field Off Limits as Sanctions Tighten

The U.S. declared one of Russia’s largest offshore oil and natural gas fields off limits to American tools and expertise, potentially disrupting Royal Dutch Shell Plc’s plans… Stephen Bierman, Elena Mazneva and Joe CarrollL BLOOMBERG.COM: 7 AUGUST 2015 The U.S. declared one of Russia’s largest offshore oil and natural gas fields off limits to American tools […]

Contaminated Carson neighborhood braces for messy environmental cleanup

$90 million legal settlement offered by Shell Oil By Sandy Mazza, Daily Breeze: 7 Aug 2015 In a notoriously contaminated Carson neighborhood where homeowners have been waiting for years for someone to neutralize the toxic goo beneath their homes and yards, relief is finally within sight. Cleanup plans were finalized recently after four years of […]

Arctic Drilling: Inspectors Watching Shell 24/7

By MarEx 2015-08-07  Shell has started its drilling operations in the Arctic and the Bureau of Safety and Environmental Enforcement (BSEE) is keeping very close tabs on their activities. BSEE Inspectors arrived in the Chukchi Sea to ensure the oil major is in compliance with federal regulations and safety standards. The BSEE will oversee Shell’s […]

Nigerian government finally sets up fund to clean up Ogoniland oil spills

John Vidal: Friday 7 August 2015  The long-delayed $1bn clean-up of heavily oil-contaminated Ogoniland in the Niger delta has moved closer with Nigerian president Muhammadu Buhari setting up a restoration fund four years after a damning UN report advised the government and oil industry to act urgently. But a spokesman for Shell, which discovered oil in […]

Despite Western Sanctions Shell Agrees Asset Swop With Putin Regime

Shell Game: Anglo-Dutch Firm Deals Asset Swap, Shell Assets for Sakhalin III Piece By Kostis Geropoulos: 7 August 2015 Despite Western sanctions against the Russian government and businesses, Europe’s biggest oil company Anglo-Dutch Shell has agreed to swap a stake in one of its international energy assets in exchange for a piece of Gazprom’s Sakhalin […]

Nigeria: Shell must match government’s commitment to clean oil spills – Amnesty International

By Press Release: August 6, 2015 Shell must match the Nigerian government’s new commitment to tackle oil pollution in the Niger Delta by dramatically improving how it cleans up spills, Amnesty International said today. President Muhammadu Buhari’s announcement on Wednesday of a trust fund to pay for the clean-up of the Ogoniland region in the Niger […]

People will remember Shell Oil as a symbol of planet-destroying greed

Bill McKibben: Thursday, August 6, 2015  Shell Oil’s icebreaker Fennica is apparently on its way to the Arctic, ending a dramatic week-long siege that saw activists dangle from bridges and blockade the Portland harbor with kayaks, and a federal court threaten environmentalists with heavy fines. Amid the drama of the action, and the drama of […]

Why Native Alaskans Support Shell’s Arctic Drilling

by Paul Barrett: August 6, 2015: BLOOMBERG.COM Activists trying to stop Shell’s offshore oil drilling in the U.S.’s Arctic Ocean region invoke the interests of native Alaskans. “These communities depend on this environment for food and resources and have stewarded it for centuries,” Greenpeace says, as part of its “The People vs. Shell” campaign—what the group […]

Shell Begins The Recovery Of Spilled Crude At Adibawa Oil Fields

BY SAHARA REPORTERS, NEW YORK: AUG 06, 2015 After weeks of prolonged rift with host communities and the resulting degradation of the environment, the Shell Petroleum Development Company of Nigeria (SPDC) has commenced the recovery of spilled crude from its Adibawa oil fields. Mr. Sunny Jacob Ubele, the traditional ruler of Edagberi community, said on Thursday […]

Ottawa rules one-day response to possible offshore spill too expensive

HALIFAX – The federal government says it is agreeing to an offshore drilling plan that allows up to 21 days to bring in capping technology for a subsea well blowout because requiring a shorter response time would be too expensive for Shell Canada Ltd. Nova Scotia environmentalists are questioning why the federal environmental protection agency […]

‘It’s just too big a prize': Why Shell sticks to Chukchi plans, despite obstacles

Alaska Dispatch News: August 5, 2015 Despite tumbling oil prices, rising costs, legal woes, heated political opposition and a series of missteps and misadventures, Royal Dutch Shell is pushing forward with its plan to drill for oil in the offshore regions of Alaska’s remote Chukchi Sea. Why? In a wide-ranging narrative, Bloomberg Business details the company’s struggles in […]

Shell given OK to take 21 days to cap a deep well oil blowout off N.S. coast

By Zachary Markan, CBC News Posted: Aug 05, 2015 Federal Environment Minister Leona Aglukkaq has signed off on Shell Canada’s plan for dealing with a potential deep-well blowout on the Shelburne Basin. Under its Well Containment Plan, Shell says it can have a primary capping stack in place within 12 to 21 days after a blowout. […]

Inside Shell’s Extreme Plan to Drill for Oil in the Arctic

by Paul Barrett and Benjamin Elgin: 5 August 2015: BLOOMBERG.COM Protesters near the Polar Pioneer.: Photographer: Keri Coles/Greenpeace In a windowless conference room in Anchorage, a dozen Royal Dutch Shell employees report on the highest-profile oil project in the multinational’s vast global portfolio. Warmed by mid-July temperatures, Arctic ice in the Chukchi Sea, northwest of the Alaskan mainland, […]

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

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 […]