Royal Dutch Shell plc .com http://royaldutchshellplc.com News and information on Royal Dutch Shell Plc. Sat, 29 Aug 2015 13:52:33 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 Obama defends Shell Arctic drilling decision http://royaldutchshellplc.com/2015/08/29/obama-defends-shell-arctic-drilling-decision/ http://royaldutchshellplc.com/2015/08/29/obama-defends-shell-arctic-drilling-decision/#comments Sat, 29 Aug 2015 13:52:33 +0000 http://royaldutchshellplc.com/?p=79779 Screen Shot 2015-08-29 at 14.41.46

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Screen Shot 2015-08-13 at 11.35.25By AFP 29 August 2015

Two days before heading to Alaska to raise climate change awareness, US President Barack Obama on Saturday defended his controversial decision to allow Shell to drill in the Arctic’s Chukchi Sea.

The Obama administration’s green light for the Anglo-Dutch oil giant angered environmental groups which have decried the “hypocrisy” of the president, who in recent months has stressed the need for aggressive actions against climate change.

Opponents note how the decision comes in the run-up to the UN climate conference in Paris in December. The meeting is seen as crucial in efforts to forge an agreement to curb international emissions.

“I know there are Americans who are concerned about oil companies drilling in environmentally sensitive waters,” Obama said in his weekly address, noting that the drilling leases had been purchased before he took office.

“I share people’s concerns about offshore drilling,” he added. “I remember the BP spill in the Gulf of Mexico all too well. That’s precisely why my administration has worked to make sure that our oil exploration conducted under these leases is done at the highest standards possible … We don’t rubber-stamp permits.”

Obama on Monday begins a three-day trip to Alaska, the largest state in America which is already seeing the effects of climate change, including melting glaciers and the thawing of permafrost.

“Alaskans are already living with (climate change’s) effects. More frequent and extensive wildfires. Bigger storm surges as sea ice melts faster. Some of the swiftest shoreline erosion in the world,” he said.

After landing in Anchorage on Monday, Obama’s visit will include a meeting with fishermen in the town of Dillingham, a tour of the Northwest Arctic city of Kotzebue, a visit to glaciers and the GLACIER international conference on the Arctic in Anchorage.

SOURCE

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Obama defends Arctic drilling decision on eve of Alaska climate change trip

Suzanne Goldenberg US environment correspondent: Saturday 29 August 2015 12.52 BST

Barack Obama has been forced to defend his decision to allow the hunt for oil in the last great wilderness of the Arctic, on the eve of an historic visit to Alaska intended to spur the fight against climate change.

Obama, in his weekly address on Saturday, insisted there was no clash between his climate change agenda and Arctic drilling.

FULL ARTICLE

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Oil price rises: is this the end of the slump? http://royaldutchshellplc.com/2015/08/29/oil-price-rises-is-this-the-end-of-the-slump/ http://royaldutchshellplc.com/2015/08/29/oil-price-rises-is-this-the-end-of-the-slump/#comments Sat, 29 Aug 2015 06:44:39 +0000 http://royaldutchshellplc.com/?p=79773 Screen Shot 2015-08-29 at 07.39.48

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“The trend is strong and down… do not be wrong-footed by a correction higher…”

Aug 28, 2015: Brent in biggest one-day surge since December 2008 as pipelines closed down

Oil prices are continuing to rise after the market posted its biggest one-day surge for close to seven years, a recovery that comes off the back of a sharp decline earlier this week.

The Financial Times reports the international benchmark Brent crude jumped by more than 10 per cent, or $4.42, to settle at $47.56 a barrel on Thursday. On Friday morning it had fallen slightly in early trading and was hovering around $47.

This recovery had followed several days in which a renewed slump, which set in earlier in the summer, gathered pace. Prices hit a post-financial crisis low of close to $42 a barrel on Tuesday. Even now Brent is only back to where it was a week ago and at a level that remains punishing for producers in many regions. US crude settled at $42.86, another week-long high but relative low.

Thursday’s recovery was driven by two factors, the most prominent of which, the FT suggests, was Shell closing two pipelines and cutting shipments from Nigeria, Africa’s largest oil producer. At a time when the market is heavily oversupplied this gave cheer to traders who were already buying on the back of a continued strong rally in equities and improved economic growth figures in the US.

A second factor was traders covering ‘short’ positions – bets the price would fall – in the face of the surprise rebound. Investors such as hedge funds “scrambled to buy back positions… squeezing prices higher”.

So is this the beginning of the end for the latest oil trough, or merely a ‘relief rally’?

Reuters says there is evidence to suggest the latter, as the market in oil contract derivatives “remained muted… suggesting most big traders were shrugging off the move as merely a correction in the year-long bear market”. The news agency cites comments from BMI Research suggesting that the recent selloff was “overdone” and that prices could recover to $50-$60 a barrel, before falling again.

“The trend is strong and down… do not be wrong-footed by a correction higher,” PVM Oil Associates technical analyst Robin Bieber told Reuters, in a report published on CNBC. “Few markets head forever in one direction with no respite.”

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Why Royal Dutch Shell plc Is Facing Resistance In Canada http://royaldutchshellplc.com/2015/08/28/why-royal-dutch-shell-plc-is-facing-resistance-in-canada/ http://royaldutchshellplc.com/2015/08/28/why-royal-dutch-shell-plc-is-facing-resistance-in-canada/#comments Fri, 28 Aug 2015 22:40:12 +0000 http://royaldutchshellplc.com/?p=79769 Screen Shot 2015-08-28 at 23.32.00

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By: MICHEAL KAUFMAN: Aug 28, 2015 

Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) drilling in Canada will be coming in for resistance, as reported by the Guardian. The drilling plan in Nova Scotia’s southern shore has been approved by the country’s Environment Minister and is under the Canada-Nova Scotia Offshore Petroleum Board’s review.

The Canadian Environment Ministry has been criticized for not for reviewing strategic projects properly and for disregarding public opinion. People are not happy with Environment Minister’s decision to allow 21 days to cap any oil spill, when in the US, only 24 hours are allowed.

The company is planning to cut its capital expenditure (capex) and excess capacity by using equipment from Norway and not buying new one. Around 50,000 Canadians have signed the petition against Shell’s drilling in Nova Scotia, and it would be in Board’s best interests to keep its biases away from the decision and scrutinize the project closely.

Currently, oil producers are under immense pressure as oil prices are continually declining. Oil giants including Exxon Mobil Corporation (NYSE:XOM), Shell, and BP plc (ADR) (NYSE:BP) have posted poor results in the second quarter with expectations that the third quarter will also not be impressive.

Companies are reducing their capital expenditure, laying off employees and are adopting more cost saving measures. Shell is already facing strong criticism for its Arctic drilling, and if resistance from the Canadian public continues or the Board’s decision goes against Shell’s drilling, the company will suffer even further. Shell’s image is at stake and if these projects do not work out, the company will be in deep trouble.

SOURCE

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The usual dubious antics of Greenpeace http://royaldutchshellplc.com/2015/08/28/the-usual-dubious-antics-of-greenpeace/ http://royaldutchshellplc.com/2015/08/28/the-usual-dubious-antics-of-greenpeace/#comments Fri, 28 Aug 2015 22:30:59 +0000 http://royaldutchshellplc.com/?p=79767 Posting on our Shell Blog by a Long Term Regular Contributor, “LondonLad,” a retired Shell Executive: Aug 28th, 2015 

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Found the following on Greenpeace and their usual dubious antics (much more on them in the article at :
https://www.activistfacts.com/organizations/131-greenpeace/

Greenpeace is the largest environmental organization in the world, with an international membership of over 3 million and offices in over 40 countries. Forbes magazine once described it as “a skillfully managed business” with full command of “the tools of direct mail and image manipulation — and tactics that would bring instant condemnation if practiced by a for-profit corporation.” But Greenpeace has escaped public censure by hiding behind the mask of its “non-profit” status and its U.S. tax exemption. In other countries, however, Greenpeace has not been as lucky: Both Canada and New Zealand have revoked the organization’s non-profit status, noting that the group’s overly politicized agenda no longer has any “public benefit.”

Greenpeace was originally the brainchild of the radical “Don’t Make a Wave Committee,” a group of American draft-dodgers who fled to Vancouver in 1969 and, supported by money from anti-war Quaker organizations, got into the business of forcibly blocking American nuclear tests. Over the years the group has loudly made its feelings known on a variety of issues (nuclear testing, whaling, and global warming, for instance), and its Amsterdam-based activist moguls pull the strings on what is estimated to be a $360 million global empire.

In the United States, however, Greenpeace is a relatively modest activist group, spending about $10 million per year. And the lion’s share of that budget in recent years has gone to outrageous attempts to smear agricultural biotech products, consumer electronics, and the logging and fishing industries.

• Greenpeace campaigns against all forms of energy production except for wind and solar. Unfortunately, a whopping 98 percent of the world’s energy supply comes from sources other than wind and solar, This is not likely to change anytime soon due to the cost, both in dollars and in raw materials, required to produce wind turbines and photovoltaic arrays.

• Greenpeace claims to be dedicated to saving the whales. They are happy to exploit the emotional impact of the slaughter of these noble creatures to raise funds and recruit members, but less interested in acting to end the practice of whaling worldwide. In principle, Greenpeace is not even opposed to whaling.

• Greenpeace is against the use of numerous chemical substances including, but not limited to, elemental chlorine, one of the building blocks of life on our planet. Considering that chlorine is responsible for providing much of the world with clean drinking water, and the Earth’s population with some 85 percent of all pharmaceuticals and vitamins, this hard-line stance is must be considered both uninformed and inhumane.

• Greenpeace is unwavering in its conviction that the “unforeseen” health and environmental consequences of planting genetically engineered crops that can grow in hostile environments will forever outweigh any potential humanitarian benefits. While they mount protests aimed at ripping these mutant “Frankenfoods” from the soil and the supermarket shelves, impoverished populations around the globe suffer from the preventable pandemic of malnutrition.

• Greenpeace remains bent on destroying aquaculture industry while they continue to raise alarm about the status of wild fish stocks. Using the apocalyptic image of oceans picked clean of all aquatic organisms, Greenpeace keeps raking in the donations while battling against an industry that is already taking great pains to ensure its sustainability.
Instead of working hand-in-hand with business owners to forge a path towards a sustainable future like other less myopic environmental organizations, Greenpeace’s dogmatic adherence to the precautionary principle causes them to overlook the fatal flaws inherent in their own radical policies.

COMMENT BY An Old EP Hand

LondonLad, well said. Completely agree. You did not mention it but is was in the link you supplied. Greenpeace is responsible for millions of malaria deaths due to their dogmatic opposition of DDT. This is very well documented. I dare not take the word murderers in my mouth…
They are a professional marketing organisation that terrorises many companies, governments and individuals into doing the wrong thing. There is no accountability. And in the netherlands it is a stepping stone for making political careers after the photogenetic attraction of young activists wears off. In another generation from now it will become clear they have been responsible for forcing governments and companies into destroying wealth and creating hunger as well as energy shortages.
By that time they (and the politicians with a greenpeace background) will explain in the media that they have been misunderstood, misinterpreted and with the knowledge of today ‘we might have done things slightly differently’. Perhaps a small ‘sorry’. They, as few others, know the strength of manipulating the large number of ‘useful idiots’ in our society, thereby raking in a lot of money.

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Shell Pauses Arctic Offshore Drilling for High Wind, Water http://royaldutchshellplc.com/2015/08/28/shell-pauses-arctic-offshore-drilling-for-high-wind-water/ http://royaldutchshellplc.com/2015/08/28/shell-pauses-arctic-offshore-drilling-for-high-wind-water/#comments Fri, 28 Aug 2015 22:20:45 +0000 http://royaldutchshellplc.com/?p=79764 Screen Shot 2015-08-10 at 22.14.12ANCHORAGE, Alaska — Aug 28, 2015

By DAN JOLING Associated Press


Screen Shot 2015-08-13 at 11.35.25Strong winds and high waves that pounded the northern coast of Alaska have led Royal Dutch Shell PLC to temporarily stop exploratory oil drilling in the Arctic Ocean.

“Due to high wind and sea states, we have paused all critical operations in the Chukchi Sea,” said spokesman Curtis Smith in an email response to questions.

The eastern Chukchi Sea this week experienced gale-force winds in the range of 39 to 54 p.m., said Ed Townsend, lead forecaster for the National Weather Service in Fairbanks. Winds at Point Lay on Alaska’s northwest coast about 9 a.m. Friday blew steadily at 29 mph with gusts to 37 mph.

Smith said he isn’t sure when drilling might resume. “We hope to resume normal operations as soon as it’s safe to do so,” he said.

The Polar Pioneer, a semi-submersible drilling unit that Shell leases from Transocean Ltd., began top-hole and drilling work July 30 and remains safely anchored at the drill site, Smith said.

Bad weather has postponed previous drilling operations, Smith said, and Shell plans for it. Bad weather affected drilling in both the Chukchi and Beaufort seas in 2012.

“It’s why we use a combination of satellite images, sonar and on-site reconnaissance to inform our operations,” he said. “With safety the first priority, we take a conservative approach to these weather events and make plans to curtail operations well in advance.”

Arctic offshore drilling is strongly opposed by environmental groups that say oil companies have not demonstrated the ability to respond effectively to a spill in harsh conditions where floating ice could hamper cleanup operations.

“Imagine trying to respond to a spill in that kind of weather,” said Pam Miller, a longtime Arctic researcher and environmental advocate in Fairbanks.

Halting drilling for severe weather or moving ice was a common occurrence for Shell drilling in 1989 and 1990, she said. Global warming’s effect on sea ice, which formerly acted like a blanket over waves, adds to the risk.

“The waves may be even greater. We know they are along shore, where coastal erosion is a problem,” she said.

Every time a drill rigs disconnects from a well for weather or ice moving in, she said, it adds to the risk of a spill.

The weather is also affecting operations on shore. Shell is temporarily relocating staff at its housing camp in Barrow, the northernmost city in the United States. “A road used to transport people to the camp is down to one lane due to high water and could become impassable,” Smith said.

SOURCE

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