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Shell Pernis Refinery Fire Contained, Plant Operating

The fire broke out at the refinery near Rotterdam at 1:20 p.m. local time today, said Wim van de Wiel, a spokesman for Europe’s biggest oil company, based in The Hague. Wendel Broere, also a company spokesman, said later the blaze was brought under control by 3:25 p.m. and the incident is now closed.

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Shell fined 10.5 million euros after being caught in another price fixing cartel

“Compliance with antitrust rules remains a top priority for management,” said Wendel Broere, spokesman for The Hague- based Royal Dutch Shell, Europe’s largest oil company, which was fined 10.5 million euros. The company hasn’t decided whether to appeal.

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Showa Shell to Open First Electric Car Recharging Station

Dec. 3 (Bloomberg) — Showa Shell Sekiyu K.K., the Japanese oil refining unit of Royal Dutch Shell Plc, will open its first battery-charging station as more electric cars take to the road.

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Nexus, Shell May Develop $3 Billion LNG Plant at Crux

Dec. 2 (Bloomberg) — Nexus Energy Ltd., the Melbourne-based gas explorer set to start production next year, may develop a $3 billion gas liquefaction plant withRoyal Dutch Shell Plc should they find sufficient resources at Australia’s Crux project.

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Shell Studies Partnership for Sugar Plant in Brazil, Valor Says

Cosan is the world’s largest producer of ethanol from sugar cane.

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Shell, ExxonMobil, Chevron and Total SA in running for gas reserves partnership deal with Pertamina

Pertamina has short-listed Royal Dutch Shell Plc, Exxon Mobil Corp. and Total SA among the companies, LNG Intelligence reported in November.

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Crude Declines: Shell dropped 5.3 percent to 1,646 pence

Bloomberg

 

 

Shell dropped 5.3 percent to 1,646 pence. BP, Europe’s second-largest oil company, slid 5.8 percent to 496 pence. Eni SpA, Italy’s biggest, lost 7.2 percent to 16.46 euros.

Crude oil for January delivery fell as much as 8.5 percent to $49.52 a barrel in New York after the Organization of Petroleum Exporting Countries deferred a decision to reduce output for another two weeks.

Slowing global growth means demand will be “much lower” than expected a month ago, OPEC said after the group’s Nov. 29 meeting in Cairo. Another cut on Dec. 17 may not be needed if member states enacted 80 percent of the 1.5 million barrel-a-day reduction agreed in October, Al Hayat reported, citing Saudi Arabia’s Oil Minister Ali al-Naimi.

BLOOMBERG ARTICLE

OPEC Failure Foretells Steeper Decline 10 Years After $10 Oil

Producers such as Royal Dutch Shell Plc are cutting back plans to develop deposits like Canadian oil sands. Shell indefinitely postponed the second-phase expansion of its Athabasca project because of rising construction costs. Shell, based in The Hague, also delayed seeking regulatory approval for Carmon Creek. Higher cost plans require $80-a-barrel oil to be profitable, according to Merrill Lynch.

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Nigeria LNG Declares Force Majeure as Soku Plant Shut

Nov. 28 (Bloomberg) — Nigeria LNG Ltd. declared force majeure on cargo deliveries after Shell Petroleum Development Co. shut the Soku gas plant in the southern delta to repair damage caused by thieves.

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Shell delays Carmon Creek oil-sands development in Canada

Bloomberg

 

 

By Howard Mustoe

Nov. 28 (Bloomberg) – Dutch Shell Plc (RDSA LN): Europe’s largest oil producer delayed seeking regulatory approval for its Carmon Creek oil-sands development in Canada, the second project the company has slowed as crude prices slide. Shell rose 55 pence, or 3.3 percent, to 1,733 pence.

BLOOMBERG ARTICLE