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Shell faces possible Dutch lawsuit over Nigerian activist’s execution


By Tom Bergin | LONDON

The widow of a Nigerian activist is planning to sue Royal Dutch Shell in the Dutch courts alleging the oil company was complicit in the execution of her husband by the Nigerian military in 1995, court documents filed in the United States last week show.

Esther Kiobel has filed an application in New York to secure documents from Shell’s U.S. lawyers, which she could use in the Dutch action.

The filings with the U.S. District Court for the Southern District Court of New York said she planned to begin that action before the end of the year.

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Royal Dutch Shell: The Turnaround Will Continue



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Royal Dutch Shell shares have received a boost in the past month on the back of an improvement in oil prices, a trend that is likely to continue.

There was excess oil demand of 500,000 bpd in the third quarter as against supply due to production cuts across the globe and robust demand, leading to an inventory correction.

Oil prices will rise further as Saudi Arabia, Russia, and the U.S. are all intent on reducing the industry oversupply, which will lead to further inventory declines.

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Shell Says Aluminum Ruling Helps Kill Oil Antitrust Claims


Law360, New York (October 12, 2016, 9:50 PM EDT) — Two Royal Dutch Shell PLC affiliates accused of market manipulation told a New York federal court Wednesday that derivative traders lack standing to assert antitrust claims, citing another judge’s recent decision nixing claims in multidistrict litigation accusing Goldman Sachs & Co. and others of manipulating aluminum prices.

The Shell companies are part of multidistrict litigation accusing various oil companies of manipulating the price of North Sea Brent crude oil and Brent crude oil futures, by engaging in fraudulent physical trades and systematically submitting information about those…

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Crude realities for Bakken oil as Shell ditches W. Coast rail plan

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By Liz Hampton | HOUSTON

Oct 8 North Dakota oil producers were dealt another blow this week when Royal Dutch Shell said it would scrap plans to build an oil train terminal in Washington state that would have taken over 400,000 barrels per week of Bakken and other inland crudes.

Shell’s move on Thursday comes at a bad time for Bakken producers, who have endured a two-year price rout and need new routes to move their oil to coastal refineries.

Inland North American producers have seen four projects stymied since September, owing to both environmental opposition and an oversupplied global oil market that make it easier and cheaper to import cargoes than transport inland crude thousands of miles on railcars.

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Shell halts proposed oil-by-rail project near Anacortes


By Seattle Times staffThe Associated Press: 6 October 2016

ANACORTES — Shell Puget Sound Refinery announced Thursday it has terminated plans for a proposed oil-by-rail project at its refinery in Washington state.

Under the plan, trains would have brought crude oil from the Bakken fields of North Dakota to replace some of the supply Shell gets from Alaska’s North Slope.

Refinery general manager Shirley Yap told the Skagit Valley Herald on Thursday that recent low oil prices and abundant production elsewhere have slowed Midwest production, making it less of a good investment.

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Shell To Pay $20M For False Calif. Oil Cleanup Claims



screen-shot-2016-09-09-at-20-58-10Jody Godoy

Law360, New York (September 23, 2016, 4:53 PM EDT)

Shell Oil Co. has agreed to pay $20 million to settle claims by California’s water quality regulator and a whistleblower that the company had billed a state fund for cleanup work already covered by insurance proceeds, the agency said on Friday.

Shell will pay the State Water Resources Control Board $11.3 million to drop administrative proceedings over 100 claims to a cleanup fund for leaky underground storage tanks. The agency said Shell was able to get repaid through insurance or litigation, but had omitted that fact…

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Shell leaves literal and symbolic void downtown


Next year will mark the end of an era as Royal Dutch Shell largely abandons its iconic tower and consolidates workers on the west side of town in its Woodcreek complex in the Energy Corridor and the Shell Technology Center a few miles south of Woodcreek. Only Shell’s energy trading team will remain downtown.

The move – largely to cut costs in the ongoing oil bust – continues the exodus of Big Oil from downtown Houston. Exxon Mobil moved out last year when it built its massive new campus by Spring. Of Houston’s 10 largest energy employers, just Chevron and CenterPoint Energy remain downtown.

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Shell says Norco, Louisiana chemical plant upset triggers flaring

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screen-shot-2016-09-09-at-20-58-10Thu Sep 22, 2016 | 5:53pm BST

Royal Dutch Shell Plc (RDSa.L) said flaring on Thursday at the Norco, Louisiana manufacturing complex shared with the Motiva Enterprises [MOTIV.UL] refinery was due to an upset in the company’s chemical plant.

The refinery and chemical plant share the safety flare system at the complex and when the flare goes off it is sometimes reported as being due to a malfunction at the refinery.

(Reporting by Erwin Seba; Editing by Chizu Nomiyama)


Low oil forces Shell Houston reshuffle




Written by Rita Brown – 21/09/2016 7:00 am

screen-shot-2016-09-09-at-20-58-10Shell has made plans to move the bulk of its staff out of its historic Houston base.

The company informed staff that more than 3,400 workers would be relocated from its base in the Houston Central Business District to its facilities on the west side of the city.

Shell’s base, known as One Shell Plaza, was completed in 1971. At the time it was the tallest tower in the city. A spokesperson confirmed that only staff in trading will remain at site, which makes up part of the downtown Houston skyline.

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Namesake tenant departing One Shell Plaza

screen-shot-2016-09-21-at-07-24-51The move will affect 3,400 employees when it takes place early next year as part of “an effort to meet the ever changing market conditions and optimize resources for future opportunities,” Shell said in a statement Tuesday. Employees will move to the company’s Woodcreek facility and Shell Technology Center on the west side of town.

Those who work for Shell’s downtown trading operations will stay put, although the company said it eventually plans to have all of its Houston-based staff in company-owned facilities on the west side.

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Will Saudi Aramco Be Able To Lay Its Hands On Houston Refinery?



By Tsvetana Paraskova – Sep 14, 2016, 3:52 PM CDT

At a time when U.S. and Saudi relations are strained, the Saudi Arabian Oil Company is reportedly leading in a race to buy a large refinery in Houston.

Certainly, politics and geopolitics cannot stay out of such move by the Saudi company, but it seems that Aramco has solid business reasons, as well as political ones, to bid for the Houston Refinery, which Dutch chemicals company LyondellBasell Industries NV (NYSE:LYB) is reportedly putting up for sale.

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9th Circ. Rejects Shell’s Overcharges



Friday, September 09, 2016

SAN FRANCISCO (CN) — Shell and others came a step closer Thursday to reimbursing Californians $200 million for overcharges during the 2000 electricity crisis, when the Ninth Circuit rejected their challenge.

Upholding a 2013 finding by the Federal Energy Regulatory Commission, the appeals court cited “substantial evidence” that the power companies inflated electric rates by violating the FERC’s export tariff rules.

Power companies repeatedly got around regulators during the crisis, through bags of tricks, including “kilowatt washing”: claiming to buy electricity in California at regulated rates, then shipping it out of state, and repurchasing it at unregulated, emergency prices. Since electricity is simply a directed flow of electrons, and electrons cannot be traced, there was no way to prove whether the companies were doing that or not.

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Shell starts production at Stones in the Gulf of Mexico

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“Stones is the latest example of our leadership, capability, and knowledge which are key to profitably developing our global deep-water resources,” said Andy Brown, Upstream Director, Royal Dutch Shell.  “Our growing expertise in using such technologies in innovative ways will help us unlock more deep-water resources around the world.”

Stones, which is 100% owned and operated by Shell, is the company’s second producing field from the Lower Tertiary geologic frontier in the Gulf of Mexico, following the start-up of Perdido in 2010.

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Saudi Aramco-Motiva in lead to buy Lyondell’s Houston refinery: sources

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By Erwin Seba and Jessica Resnick-Ault | HOUSTON/NEW YORK

Saudi Aramco and its U.S. refining joint-venture Motiva Enterprises [MOTIV.UL] lead the race to buy LyondellBasell Industries Houston refinery, according to three sources familiar with the matter.

An announcement of the sale by Lyondell is expected this week, the sources said.

Lyondell spokesman Michael Waldron declined on Monday to discuss a sale of the refinery.

Reuters reported on Aug. 25 that Dutch chemical company Lyondell had retained Bank of America Merrill Lynch to help with a sale of the refinery.

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Shell Midstream Partners – Reliable Yield During The Downturn

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Shell Midstream Partners IPO – Bidness ECT

The Value Portfolio: Sept 2, 2016

Shell Midstream Partners (NYSE: SHLX) is a master-limited partnership formed by Royal Dutch Shell (NYSE: RDS.A) (NYSE: RDS.B). The company was formed for the purpose of purchasing midstream assets and renting them out for reliable fee-based income. This fee-based income provides investors with a secure dividend which currently amounts to more than 3% and has a strong history of growth.

Shell Midstream Partners has had a difficult time recently, though not as a difficult of a time as all the other oil companies. Since mid-2015, when other midstream companies such as Kinder Morgan (NYSE: KMI) began to take a big hit, Shell Midstream Partners has seen its stock price drop from almost $48 per unit to just over $30 per unit, a drop of almost 40%. This drop means that Shell Midstream Partners has seen its yield almost double to more than 3% per unit.

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Motiva Expanding Fuel Portfolio to Include 76 Brand

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August 31, 2016, 04:22 pm

HOUSTON — Motiva Enterprises LLC has formed a 76 sales and marketing team to better capitalize on its long-term license for the brand.

The new team is a part of Motiva’s fuels, sales and marketing organization and will establish the go-to-market commercial strategy for the 76 brand in Motiva’s operating geography — which includes 26 Gulf and East Coast states and Washington, D.C.

According to Motiva, the relationship with Phillips 66 on the 76 brand complements the company’s long-standing relationship with Shell and the Shell brand. It also expands Motiva’s portfolio to meet the needs of its wholesalers.

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Motiva says Shell, Saudi Aramco to split assets on April 1, 2017

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By Erwin Seba | HOUSTON: Wed Aug 31, 2016

Motiva Enterprises LLC [MOTIV.UL] said on Tuesday the division of its U.S. refining assets between Royal Dutch Shell Plc (RDSa.L) and Saudi Aramco IPO-ARMO.SE would take place on April 1, 2017, months later than originally expected.

The two Motiva partners announced last March they would divide their 20-year-old joint venture. The split, according to sources, had been expected to take place this October after completion of negotiations between Shell and Saudi Aramco over the division of assets and compensation due the partners.

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Shell Says While Gas Is the Future, It Won’t Be Traded Like Oil

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At the moment, there is a global glut of natural gas…

Screen Shot 2016-08-29 at 22.18.50By Kelly Gilblom and Rakteem Katakey: August 30, 2016

Natural gas is rapidly becoming one of the most traded global commodities, but that doesn’t mean it will have a global price, according to Royal Dutch Shell Plc.

While the fuel can be transported anywhere on liquefied natural gas carriers, it will probably remain regionally priced for the time being, with some contracts continuing to track oil, said Roger Bounds, senior vice president for global gas at Shell. Prices will depend on location, regulation and infrastructure, as some countries replace coal in electricity generation to cut carbon emissions.

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Shell’s U.S. oilfield sale may bode well for disposal program

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…analysts also say further deals may prove harder to clinch

Aug 30 2016, 11:47 ET | By: Carl Surran, SA News Editor

Analysts say Royal Dutch Shell’s (RDS.A, RDS.B) first oilfield sale after its BG Group acquisition bodes well for its sale talks in the North Sea, Gabon and New Zealand, signaling that buyers will meet the company’s expectations on value.

The $425M sale of the Brutus/Glider fields has an implied oil price of ~$60/bbl, more than $10/bbl above current prices, according to UBS analysts who say “we may now be entering a period where both buyer and seller can see acceptable relative value, unlocking the A&D [acquisition and divestiture] market.”

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Shell Divests Gulf Of Mexico Assets For $425 Million Plus Royalty Interests

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Screen Shot 2016-08-29 at 22.18.50AUG 29, 2016, 15:27 ET

HOUSTON, Aug. 29, 2016 /PRNewswire/ — Royal Dutch Shell plc, through its affiliate Shell Offshore Inc. (Shell), today announces it has an agreement to sell 100 percent of its record title interest in Gulf of Mexico Green Canyon Blocks 114, 158, 202 and 248, referred to as the Brutus/Glider assets, to EnVen Energy Corporation, through its affiliate EnVen Energy Ventures, LLC.  In line with Shell’s global divestment plans, this transaction includes $425 million in cash. 

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Shell Can’t Duck Crude Manipulation Suit, Judge Told

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By Kevin Penton

Law360, New York (August 24, 2016, 8:24 PM ET) —

Two Royal Dutch Shell PLC affiliates accused of manipulating crude market prices cannot use the Second Circuit’s recent nix of aluminum futures price-fixing claims to escape the allegations the pair face, landowner and derivatives trader plaintiffs told a New York federal court Wednesday.

The appeals court on Aug. 9 had ruled that manufacturers and buyers of aluminum products could not sue Goldman Sachs Group Inc., JPMorgan Chase & Co. and Glencore PLC, because the plaintiffs were not directly targeted in the alleged scheme to fix prices…

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Oil major debt climbs to record high as crude prices continue to wallow

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Billy Bambrough is City A.M.’s deputy news editor. Wednesday 24 August 2016

Some of the biggest global oil majors are being weighed down by record levels of debt.

Exxon Mobil, Royal Dutch Shell, BP and Chevron hold a combined net debt of $184bn (£138bn) — more than double their debt levels in 2014, according to analysis by the Wall Street Journal.

The drop in the oil price has been blamed for the soaring debt levels. The price of a barrel of oil remains less than half of what it was in the summer of 2014.

The enduring low oil price and soaring debt levels have caused some investors to question whether the majors will be able to fork out for new investments and dividends in coming quarters.

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Houston to be ethane source point for Shell pipeline project

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By Michael BradwellAugust 17, 2016

A subsidiary of Royal Dutch Shell plans to build a 94-mile pipeline to carry ethane to the cracker plant Shell is preparing to build in Beaver County.

According to a statement released Wednesday by Shell spokesman Ray Fisher, the pipeline will carry ethane produced by natural gas drilling companies in the tri-state area.

The project will be built by Shell Pipeline Co. LP, and will be located in Southwestern Pennsylvania and extend into West Virginia and Ohio.

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Exxon, Motiva refineries continue reduced operations amid floods

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Thu Aug 18, 2016 5:18pm EDT

Exxon Mobil Corp and Motiva Enterprises refineries continued to operate at reduced levels amidst flood waters in southern Louisiana, sources familiar with operations at each refinery said on Thursday.

An Exxon spokeswoman said the Baton Rouge Complex, which includes a 502,500 bpd refinery, continued to operate on Thursday, but declined to discuss the level of production or the status of specific units. The Baton Rouge refinery is the fourth largest in the United States.

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Large cruise ship voyage through Arctic ice rekindles rows

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Screen Shot 2016-08-13 at 21.48.04Terry MacalisterSaturday 13 August 2016 07.00 BST

Arguments around the Arctic have more recently centred on oil company drilling such as Shell’s controversial and now abandoned attempts to explore off the coast of Alaska and new plans to open up the Norwegian far north.

But the increasing scope for industrialising the region as the ice melts has also triggered geopolitical tensions and talk of a new cold war because the legal status of who owns what up there is uncertain.


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Motiva Convent refinery HCU surrounded by high water: sources

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Fri Aug 12, 2016 3:06pm EDT

The fire-damaged hydrocracking unit at Motiva Enterprises’ [MOTIV.UL] 235,000 barrel per day (bpd) Convent, Louisiana, refinery was surrounded by high water on Friday from heavy rains overnight, sources familiar with plant operations said.

A Motiva spokeswoman on Friday did not discuss high water at the refinery in a email reply to questions from Reuters.

“Although the weather is challenging, the refinery is running and making product,” said Motiva spokeswoman Angela Goodwin.

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Motiva Convent refinery fire out, HCU heavily damaged -sources

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Screen Shot 2016-08-11 at 22.04.57By Erwin Seba and Liz Hampton | HOUSTON: Thu Aug 11, 2016 6:41pm EDT

A blaze broke out on Thursday at Motiva Enterprises [MOTIV.UL] 235,000 barrel per day (bpd) Convent, Louisiana refinery, heavily damaging the structure of the heavy oil hydrocracker before being extinguished in the afternoon, sources familiar with plant operations said.

Motiva confirmed that the fire was extinguished and said there were no injuries.

Initial assessments by Motiva indicated that repairs to 45,000 bpd HCU, called the H-Oil unit, are expected to take between one and four months, the sources said. Little damage was seen to the unit’s reactors, they said.

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Fire causes evacuation of Motiva refinery in Louisiana

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Fire causes evacuation of Motiva refinery in Louisiana

Aug 11 2016, 16:39 ET | By: Carl Surran, SA News Editor

A large fire at the 235K bbl/day Motiva Enterprises refinery in Louisiana today forced workers to evacuate, causing a key distillation unit to shut and boosting prices of oil products.

The fire, which reportedly started in the 45K bbl/day heavy oil hydrocracker unit, is still burning but is now under control; it is not yet known what caused the fire or how long it would take to repair any damage, which could take months to fix if the fire damaged the reactors.

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Carson residents push for quicker payout of settlement in contamination case

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By Sandy Mazza, Daily Breeze: 5 August 2016

Carson officials signaled an end this week to a six-year court battle with two multinational corporations accused of secretly leaving a massive waste-oil dump buried just feet beneath 285 homes in the Carousel tract neighborhood for decades.

City leaders, who joined the lawsuit in 2012 to support residents seeking compensation for physical and emotional problems from longtime exposure to petrochemicals, agreed Tuesday to drop their complaint and approve settlements offered by Shell Oil Co. and Dole Food Co. totaling $120 million.

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Shell Announces Fort Sumter Discovery In Gulf Of Mexico

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JUL 28, 2016, 08:00 ET

HOUSTON, July 28, 2016 /PRNewswire/ — Shell today announced a new exploration discovery in the deep water U.S. Gulf of Mexico. The initial estimated recoverable resources for the Fort Sumter well are more than 125 million barrels of oil equivalent (boe). Further appraisal drilling and planned wells in adjacent structures could considerably increase recoverable potential in the vicinity of the Fort Sumter well.

“The Fort Sumter discovery builds upon Shell’s global deep-water leadership. Its proximity to our nearby discoveries in the area, and to highly prospective acreage to the southeast, makes Fort Sumter particularly significant,” said Ceri Powell, Executive Vice President Exploration. “These successes demonstrate there is still running room in the producing basins of our heartlands where large, high-value discoveries have the potential to further strengthen our deep-water competitiveness.”

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Shell pays out more than $700,000 to settle civil prosecution over fuel reward cards

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Written by Reporter – 27/07/2016 11:50 am

Shell Oil Products has agreed to pay more than $700,000 to settle a civil prosecution over gift cards and fuel reward cards.

The company settled the dispute in which is admitted no liability.

The case had been filed in Alameda County in the US state of California.

Prosecutors had alleged there was multiple consumer protection and advertising violations related to the cards.

They said it included not allowing the redemption of gift cards with a balance under $10 as required by state law.

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Solano County District attorney announces settlement with Shell

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POSTED: 07/25/16, 5:59 PM PDT

Solano County District Attorney Krishna Abrams, announced Monday that Equilon Enterprises LLC, dba Shell Oil Products US (“Shell”) has entered into a stipulated judgment to resolve consumer protection and advertising violations related to Shell gift cards and fuel rewards cards.

Solano was joined by Alameda, Monterey, Napa, Santa Clara, and Santa Cruz in bringing this consumer protection action. Under the terms of the stipulated judgment, Shell agreed to pay $762,500 in civil penalties, costs, and restitution, and to injunctive provisions to ensure future compliance.

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Solano DA announces $762,000 Shell cards lawsuit settlement

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Screen Shot 2016-06-30 at 18.15.43Solano DA announces $762,000 Shell cards lawsuit settlement

By Jess SullivanFrom page A5 | July 27, 2016

FAIRFIELD — District Attorney Krishna Abrams announced Monday that Shell Oil Products will pay out more than $762,000 to settle a lawsuit filed by eight California counties, including Solano County.

Prosecutors claimed Shell did not tell customers using gift cards and fuel rewards cards that some discounts could not be combined and that not all Shell gas stations honored the cards. The lawsuit also claimed Shell failed to redeem gift cards with balances of less than $10 for cash as required by California law and that Shell did not tell customers about some of the limits of its rewards programs.

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Shell to Lay Off 200 Gulf of Mexico Rig Workers

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Shell to Lay Off 200 Gulf of Mexico Rig Workers

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A Shell platform in the Gulf of Mexico (courtesy RDS)

By MarEx 2016-07-25 

Shell has announced plans to trim about 200 jobs from its Gulf of Mexico deepwater operations.

“We are making these changes in order to remain competitive and better position Shell’s Gulf of Mexico projects for future growth,” spokeswoman Kimberly Windon told the AP.

The cuts will affect personnel on nine facilities, and will reduce the oil major’s workforce in the region by about one quarter. Some will be transferred to other operations where openings are available.

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Shell Units Argue Market-Rigging Claims Lack Jurisdiction

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Screen Shot 2016-07-08 at 14.36.15By Cara Bayles

Law360, San Francisco (July 22, 2016, 8:48 PM ET) 

Two Royal Dutch Shell PLC affiliates on Thursday tried to escape allegations of European market manipulation from a proposed class of crude oil derivatives traders, arguing in New York federal court that U.S. courts don’t have jurisdiction over conduct by Shell’s international arm in foreign markets.

The reply in support of the affiliates’ motion to dismiss said the traders were trying to “manufacture claims and jurisdiction where neither exists” by blurring the distinction between two “sister subsidiaries” — Shell’s U.S. arm, Shell Trading US Co., or…

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Santa Cruz County prosecutors win judgment against Shell Oil gift cards

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Screen Shot 2016-06-30 at 18.15.43By Stephen Baxter, Santa Cruz Sentinel: 07/23/2016 

SANTA CRUZ — The Santa Cruz County District Attorney’s Office and prosecutors from six other counties won a $762,500 false advertising judgment against Shell Oil’s fuel rewards program on Thursday.

The lawsuit alleged that Shell failed to adequately disclose that discounts from fuel rewards cards and gift cards could not be combined, said Santa Cruz County prosecutor Douglas Allen. Second, it alleged that not all Shell gas stations honored the cards and the company failed to redeem gift cards with balances of less than $10. It also “falsely advertised that certain gift cards could ‘be used like cash’ when Shell knew or should have known some stations were charging customers the credit price for gasoline when purchasing with a gift card,” Allen said.

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Shell to cut jobs in the Gulf of Mexico amid weak oil prices

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By Jennifer Larino, | The Times-Picayuneon July 21, 2016 at 3:55 PM, updated July 21, 2016 at 4:00 PM

Shell plans to cut, consolidate or relocate more than 150 offshore jobs in the Gulf of Mexico as part of an effort to shave 2,200 positions across its global operations this year. The restructure offshore follows job cuts at the company’s New Orleans office amid weak oil prices.

Shell has decided to move forward with “structural changes and personnel reductions” after reviewing its deepwater Gulf of Mexico operations, spokeswoman Kimberly Windon said in a statement emailed to | The Times-Picayune. Shell informed employees of its decision Thursday afternoon (July 21).

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Doesn’t this all seem rather improper?

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Danos announces the hiring of Tom Broom as executive account manager. In this role, Broom will be responsible for overseeing and maintaining Danos’ long-term relationship with Shell.

“Tom is a perfect fit for Danos, said Executive Vice President Paul Danos. “His experience in the industry and long career with Shell make him the ideal person to oversee this relationship that has endured for 45 years.”

In 2015, Broom retired from Shell after a 35-year-career, most recently serving as director of coastal issues for Shell Exploration & Production Company. In that role he served as the inaugural director of a 25-person international team focused on collaborating with internal and external stakeholders on coastal management issues. Prior to that position he oversaw workforce development and construction risk mitigation and managed operations training for the United States, Canada and Brazil. He also supervised the daily operations of Shell’s Robert Training and Conference Center, the company’s primary operations training facility.

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Shell’s LNG Canada venture again delays export terminal decision

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Screen Shot 2016-06-15 at 15.59.39Shell’s LNG Canada venture again delays export terminal decision

(Reuters) – Royal Dutch Shell Plc RDSa.L and its LNG Canada partners have once again pushed back the timing of a decision on building a British Columbia liquefied natural gas export (LNG) terminal, the latest setback for the Canadian province’s energy ambitions.

LNG Canada, whose participants also include PetroChina Co Ltd 601857.SS, Mitsubishi Corporation 8058.T and Kogas, cited global industry challenges, including capital constraints, for requiring more time prior to making a final investment decision.

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BG Houston Office to Close; Lay Off 154 Workers

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According to a letter sent to the Texas Workforce Commission, BG, which became a wholly owned subsidiary of Shell February 15, 2016, will permanently close its Houston office and lay off 154 employees. The majority of employees, 118, will be laid off August 31 and the remaining 36 employees will be let go September 30.

Employees do not have bumping rights and BG will offer severance benefits and outplacement services to laid-off employees.

In January, Shell CEO Ben van Beurden said the acquisition would result in a total workforce reduction of 10,000 workers across both companies. Shell has also stated the company will close BG’s head office located near London by the end of the year, Reuters reported. In addition, Shell will close BG’s Aberdeen office and its Brabazon House office in Manchester by the end of 2017.  

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How the Breakup of Motiva Will Help Royal Dutch Shell plc (ADR) and Saudi Aramco

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By Staff Writer on Jul 5, 2016 at 9:04 am EST

Earlier in March, Saudi Aramco’s subsidiary, Saudi Refining, Inc (SRI) and Royal Dutch Shell plc (ADR) (NYSE:RDS.A), announced to dissolve their fuel partnership, Motiva Enterprise. Due to contradictory interests, both the entities signed a letter of intent (LOI), showing the division of assets held under joint venture (JV).

However, the disbanded venture has stuck another blow as Shell is seeking up to $2 billion as a part of breakup from its giant refining enterprise. The hefty compensation is due to Saudi Aramco’s retention of a larger stake in the venture for almost two decades.

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US oil reserves surpass those of Saudi Arabia and Russia

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Anjli Raval, Oil and Gas Correspondent: July 4, 2016

The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by the world’s biggest exporting nations, according to a new study.

The US shale boom was a factor behind the recent oil price collapse that toppled the Brent crude benchmark from a mid-2014 high of $115 a barrel to below $30 earlier this year.


Motiva Convent refinery shelves gasoline unit overhaul -sources

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By Erwin Seba: Friday, 1 July 2016

HOUSTON, July 1 (Reuters) – Motiva Enterprises’ Convent, Louisiana refinery has shelved plans for a gasoline unit overhaul in October despite a six-to-nine-month delay in a planned revamp of the refinery, according to sources familiar with the company’s plans on Friday.

Earlier this year, Motiva began planning the October overhaul of the 92,000 barrel per day (bpd) fluidic catalytic cracking unit at the 235,000 bpd Convent refinery.

Instead, the FCCU will remain in operation until at least June 2017 when it will be permanently closed, said the two sources who were not authorized to speak to the media about the matter.

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Shell exec expands on plan to build cracker plant in Beaver County

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Screen Shot 2016-05-21 at 10.18.28BY DAVID CONTI | Tuesday, June 28, 2016, 6:36 p.m.

Royal Dutch Shell’s decision to build a multibillion-dollar petrochemical plant in Beaver County came down to three key considerations: location, location and tax incentives.

Pennsylvania lies above the ethane the facility will consume, is close to most customers of the polyethylene it will produce, and offered the global energy giant a package of credits worth as much as $1.6 billion over 25 years.

“I can tell you, hand to my heart, that without these fiscal incentives, we would not have taken this investment decision,” Shell Appalachia Vice President Ate Visser told industry officials who gathered Downtown on Tuesday for the Northeast U.S. & Canada Petro­chemical Construction Conference.

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Shell drops legal attempt to extend offshore lease terms in the Arctic

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Screen Shot 2016-06-25 at 10.21.36Shell drops legal attempt to extend offshore lease terms in the Arctic

Author: Yereth Rosen: 24 June 2016

Months after abandoning its plans for oil exploration in Arctic waters off Alaska, Royal Dutch Shell has dropped its legal effort to hold onto those offshore leases.

Shell notified the Interior Department it will no longer pursue its appeals of a decision that denied extension of the company’s oil leases in the Chukchi and Beaufort seas off Alaska. The department’s Board of Land Appeals on Thursday granted Shell’s request and dismissed the case.

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Royal Dutch Shell Has Served Notice – The Deepwater Drillers Are In Big Trouble

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June 23, 2016

Screen Shot 2016-05-21 at 10.18.28Summary

  • Eighteen months ago Shell was considering exiting shale plays and focusing on its deepwater and LNG opportunities.
  • Shell’s recent analyst day presentations revealed a company that is shifting its long term focus towards shale.
  • We think that going forward the offshore drilling rig companies have major long term challenges and investors need to be aware that pre-crash cash flows aren’t coming back.

For the small sliver of global oil production that U.S shale oil actually represents it certainly has been a disruptive force.

Total shale production (there is no significant amount outside of the United States) is currently somewhere around 4.5 million barrels per day.

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That is not much more than four percent of total current production which checks in at over 96 million barrels per day.

After having a look at Shell’s (NYSE:RDS.A) 2016 capital markets day presentation we think shale oil is going to become even more disruptive going forward for a select group of companies.

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Shell Sees Strong Potential for Permian Basin Assets

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Bruce Palfreyman, general manager of Shell’s Permian asset group, said the company believes it has the best position in the Delaware, part of the Permian Basin in West Texas, in terms of size and rock quality. The company holds 300,000 net acres in the Delaware through its joint venture with Anadarko Petroleum Corp., with more than 5,000 future well locations on a risk basis.

Shell acquired the acreage in 2012 from Chesapeake Energy, and has spent the past three years maturing and de-risking the acreage, Palfreyman told reporters during a media event Monday in Houston to outline Shell’s strategy on its unconventional oil and gas business. The company has pursued a high-grade strategy for its Permian acreage, selling off peripheral acreage. Shell’s position in the Delaware contains 2 billion barrels of oil.

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Shell puts revamped shale arm at heart of growth drive

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Having turned round its North American shale business, Royal Dutch Shell (RDSa.L) is putting so-called unconventional energy at the heart of its growth plans, and believes lessons from the revamp can be applied across the company.

Greg Guidry, head of the Anglo-Dutch group’s unconventionals business, told Reuters a drive to slash costs and streamline decision-making had put his division largely on a par with leading rivals in terms of productivity and efficiency.

And now the rest of Shell could reap the benefits too.

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Report: Shell’s Martinez refinery could be sold

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By Sam Richards , [email protected]

Screen Shot 2016-05-21 at 10.18.28MARTINEZ — Two published reports Friday say the Shell Martinez Refinery is up for sale, prompted by what are expected to be crude oil prices rising faster than gas prices at the pump.

The reports, one of them from the international news agency Reuters, say the Netherlands-based global energy company Royal Dutch Shell is looking to shed some of its smaller, less profitable refineries ahead of the anticipated price hike for crude.

The Reuters story said Shell and at least three other major oil companies, including San Ramon-based Chevron, have seen dropping profit margins from their refining operations since a peak in 2015 and want to shed some lower-profit operations before crude oil prices rise much further from recent low levels.

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Shell Midstream Partners

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No. 10: Pipeline spinoff gets off to a robust start

Robert Grattan, Houston Chronicle: June 18, 2016

Royal Dutch Shell owns one of the United States’ essential pipeline networks, transporting oil and gas from the seafloor of the Gulf of Mexico to its refineries and beyond.

But for decades, that network was a secondary interest for investors, most of whom focused on Shell’s global drilling and refining operations. So in late 2014, Shell set out to push those pipelines out of the background by spinning off Shell Midstream Partners as a public company, in which Shell holds a controlling interest.

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