News and information on Royal Dutch Shell Plc.
Shell has pledged to continue with its controversial tar sands projects but has been forced to consider far-reaching cost cuts to keep the operations going after they lost $42m (£28m) in the last three months
Click to continue reading “Shell committed to tar sands despite $42m losses”
John Abbott, Shell Canada’s executive vice-president, said Shell had taken early voluntary action, making its ventures the least greenhouse gas intense of all mineable oil sands projects.
Click to continue reading “Shell faces Alberta oil sands dispute”
“Shell has broken a binding agreement,” said Simon Dyer, oil sands program director at the Pembina Institute. Regulators “can reopen those approvals given that Shell has clearly reneged on its commitment.
Click to continue reading “Green groups want Shell oil sands permits rescinded”
Many in Fort Chipewyan hope low oil prices will put the brakes on that development. They believe they are suffering from the aftershocks of an industry expanding at a rampant pace without the necessary environmental limits.
Click to continue reading “In the shadow of Canada’s oil boom”
Royal Dutch Shell has delayed another Canadian oil sands project, saying it was reviewing its plan to find ways to “improve the project economics by reducing costs and increasing project revenue”.
Royal Dutch Shell PLC said yesterday that it has withdrawn an application to build its 100,000-barrel-a-day Carmon Creek oil sands project, near Peace River in northwest Alberta. The company will now seek to reduce the costs of development before it goes back to regulators.
Click to continue reading “Shell stall plans amid slump in prices”
Royal Dutch Shell has put on hold another multibillion-dollar Alberta oilsands project, the second in a month, as it struggles with low commodity prices and increasing Alberta construction costs.
Click to continue reading “Peace River project shelved by Shell”
Nov. 11 (Bloomberg) — Energy companies are cutting back development of Canadian oil sands, the world’s biggest energy reserves outside Saudi Arabia, as crude prices plunge and processing costs become prohibitive. Royal Dutch Shell Plc, the world’s second-largest oil company… said they will reduce plans to extract bitumen, the tar-like raw material for the crude, after prices fell 65 percent to $37.07 a barrel since July 4.
Click to continue reading “Oil-Sands Spending to Fall 20% on Shell, Suncor, Encana Delays”
Practically speaking, therefore, it is easier for Shell to ease off in Canada during a period of uncertainty than in many other countries.
Click to continue reading “Shell Wagers That Delays Will Pay Off”
Even as Exxon Mobil Corp. and Royal Dutch Shell PLC reported another round of enormous profits Thursday, Shell said it will postpone the expansion of a big energy project, in a sign that plunging crude prices and high costs are raising concerns among executives of the world’s largest oil companies.
: Your somewhat illogical thinking would make me think you would like to see Shell withdraw from all operations where there is a corrupt government in force. This would also include the likes of the UK, USA, Nigeria etc. etc. Not an option unless of course you want to shut down Shell completely then what would you do with you time? Sorry Mr. D. I cannot agree with your logic on this, albeit that some governments should be shut down (e.g. Nigeria and the Labour party in the UK).
: I agree with Mussaint, we have seen the Nazi party story and the far fetched link between Shell and roadside bombs undermines the credibility of the site.
: The continuing use of the Nazi story at the top of the page and now the tabloid add-on about "hinting" Shell is involved with Taliban and road side bombs is a story too far Mr.D. Way over the top and downgrades this website very badly indeed. Yes it's your website but trying to taint Shell for all the worlds problems by linking them to governments they operate in is ridiculous.
: Dear IMBer, or IBMer, or whatever - if you can explain to me the difference between the two quoted press release examples of geophysical applications in reasoned scientific terms, I shall be more than happy to admit to being a amateur geophysicist (not geologist). Perhaps it is you who is confused. Geophysics and Geology are not the same - close bed fellows, yes - but not the same. If so, then it is you who should get out your needles, wool and get on with "one plain, two purl" rather than embarking on such a commentary.
: Shellwaarbenjijnu has no clue what he/she is talking about. Probably some amateur geologist who wants to be important on the blog. Try to stick to your knitting!
: Paying over 7 mln $ to get rid of this monster of a woman shows how deeply Shell has sunk. She was a stealer of ideas. She was the ultimate token woman, a disgrace to her gender and it has put off many high quality women to pursue a career in Shell. Her disgusting behaviour of being the slave of Watts was evident to all. This latest scandal makes it clear she should never have been promoted to were she ended up. Another costly mistake of Shell. And the top echelon? They know no shame anymore and carry on with more spin stories as usual.
: Perhaps Voser will pull the same trick on Brinded as Watts did on v.d.Vijver. Watts announced that reserves would grow by 5% and that Walter would explain how.... The rest is history. I can only hope that history will repeat itself and Brinded finally gets fired for his gross underperformance and sustained bullshit. Perhaps I have said so before: never trust a man with facial hair.... I shall be watching the announcements how they will increase production with great interest.
: THE ARTICLE "Donovan email to Gavin White, Shell International Limited: 10 March 2010" has been updated with a self-explanatory email reply received on 11 March from Richard Wiseman, Chief Ethics & Compliance Officer, Royal Dutch Shell Plc.
: The Forbes article implies that by stopping sales of gasoline to Iran, Shell is complying with US sanctions. Shell's investments in the upstream sector in Iran are not mentioned, even though these are of far greater significance for both Shell and the Iranians.
: Amnesty International has been an informed and courageous critic of Human Rights abuses around the world for many decades and they are certainly not adverse to criticising governments in Nigeria, Burma, Zimbabwe and all around the world. The point about international companies like Shell is that they have a choice. They are not obliged to operate anywhere if they find that the local conditions are in conflict with their principles. Amnesty’s recent criticisms of Shell have certainly been strong and I am aware that in Shell there is a feeling that they have been unfair and to some extent uninformed. So a dialogue between Amnesty and Shell is very much to be welcomed. Amnesty is a highly respected organisation – indeed a former top executive of Shell, Sir Geoffrey Chandler, was a senior officer of Amnesty in his post Shell years.
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