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Posts Tagged ‘Canada’

By Charles Mandel | November 25th 2015 A handful of protesters from Sum of Us, Greenpeace, the Ecology Action and the Clean Ocean Action Committee delivered a massive 233,000-signature petition to the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) opposing what they said were extremely lax safety standards around Shell’s drilling program. Currently, if a subsea oil […]

Royal Dutch Shell, Exxon Mobil and Glencore: Energy companies risk wasting trillions on uneconomic projects

By Jessica Morris: 25 November 2015 Energy companies risk wasting $2.2 trillion (£1.46 trillion) on uneconomic projects over the next 10 years, according to a new report. Think tank the Carbon Tracker Initiative’s (CTI) report how fossil fuel firms risk destroying investor returns says energy companies’ focus on fossil fuels at the expense of emerging clean technologies […]

Shell Canada fined $825,000 for Sarnia refinery pollution

CALGARY, ALBERTA Nov 24 The Ontario government on Tuesday ordered Shell Canada, a wholly owned subsidiary of Royal Dutch Shell, to pay C$825,000 ($620,487.36) in fines for discharging a contaminating odour from its Sarnia refinery in 2013. In a statement, the Ontario Ministry for Environment and Climate Change said Shell had pleaded guilty to one […]

Lorraine Mitchelmore is stepping down as the head of Shell Canada. But she’s not going quietly.

NOVEMBER 18, 2015 10:20 AM Extracts Shell has reduced greenhouse gas emissions by 20 per cent per barrel from its oilsands business in the past five years, through many small efforts, including making more efficient use of its trucks. Yet that hasn’t stopped Shell from being a target and paying a high price for the […]

Shell share price: Canada boss leaves company

by Veselin Valchev: Tuesday, 17 Nov 2015, 11:18 GMT Royal Dutch Shell Plc (LON:RDSA) announced yesterday that the boss of the firm’s Canada division, Lorraine Mitchelmore, is stepping down from the company at the end of 2015, following six years at the helm. The move comes less than a month after the Anglo-Dutch oil major abandoned its […]

HERE FIRST TEN DAYS AGO: Lorraine Mitchelmore Fired

Michael Crothers at Shell E&P Ireland Limited By John Donovan On 7 November, we published the first news of the firing of Lorraine Mitchelmore, the President and Country Chair of Shell Canada. The information, which came from a Shell insider source, was posted on our Shell Blog under the alias of “Manny” The departure of Lorraine Mitchelmore has been confirmed […]

Lorraine Mitchelmore, head of Shell’s Canadian division, stepping down

The Canadian Press Published Monday, November 16, 2015 4:00PM EST CALGARY — The head of Royal Dutch Shell’s Canadian operations is leaving her job at the end of this year. Lorraine Mitchelmore has been Shell Canada’s president and country chair for past six years and has led the global energy giant’s heavy oil business for […]

Shell plans to retain four senior BG executives after merger – memo

Business News | London Mon Nov 16, 2015 Royal Dutch Shell plans to retain four members of BG Group’s executive team after the companies’ planned merger next year, according to an internal memo seen by Reuters on Monday. The memo indicates that the planned $70 billion takeover of BG by Shell remains on track. Shell […]

Are the Oil Sands Going Bust?

Written by Keith Kohl: Posted November 12, 2015 at 6:51PM After backing out of an Arctic drilling program, Shell is taking yet another hit by leaving the Canadian oil-sands in Alberta. To put it simply: the losses were too great. There was no way Shell would have been able to stay competitive, so it decided to […]

Shell share price: Company not giving up on oil sands

by Veselin Valchev: Wednesday, 11 Nov 2015 Royal Dutch Shell Plc (LON:RDSA) boss Ben van Beurden said last week that the withdrawal from the Carmon Creek thermal oil sands project in Alberta, Canada, does not mean that the Anglo-Dutch oil major has given up on oil sands in general. Shell’s chief executive noted that the company […]

Shell CEO says company committed to oilsands despite Carmon Creek decision

LAUREN KRUGEL, THE CANADIAN PRESS: November 10, 2015 FORT SASKATCHEWAN — The CEO of Royal Dutch Shell Plc says a decision to back away from its Carmon Creek oilsands project last month does not mean it’s backing away from the oilsands in general. Ben van Beurden told reporters last week that his company ranks investment […]

DAVID HOWELL, EDMONTON JOURNAL: November 6, 2015 Fort Saskatchewan — Shell and its partners Friday opened the $1.35-billion Quest carbon capture and storage project. It is designed to capture and store more than one million tonnes of carbon-dioxide emissions a year from the bitumen upgrader at Scotford. Built with financial help from the Alberta and federal governments, Quest is the world’s first […]

Keystone rejection tied to climate inaction frustration-Shell CEO

Markets | Fri Nov 6, 2015 3:38pm EST By Mike De Souza Nov 6 (Reuters) – The U.S. rejection of the proposed Keystone XL pipeline was driven in part by protesters who are increasingly frustrated with inaction on climate change, Royal Dutch Shell Plc Chief Executive Ben van Beurden said on Friday. Speaking at the […]

Shell Canada says Keystone XL was already in uncertainty window

Shell Canada says Keystone XL was already in uncertainty window CALGARY: Fri Nov 6, 2015 Royal Dutch Shell PLc said on Friday there are at least three other possible pipeline alternatives to TransCanada Corp’s Keystone XL project, which was rejected by U.S. President Barack Obama, and Shell would like to see at least one approved. […]

Shell Canada and Nova Scotia petroleum board quizzed on oil spill risks

Shell Canada and Nova Scotia petroleum board quizzed on oil spill risks By Jennifer Henderson, CBC News: 5 Nov 2015 Executives from Shell Canada and Nova Scotia’s Offshore Petroleum Board were quizzed this week by the legislature’s resource committee on the oil company’s plans in the event of a blowout at an offshore drilling site near Shelburne.  […]

Shell Canada carbon capture likely last to get Alberta subsidies

CALGARY, ALBERTA | BY MIKE DE SOUZA: Commodities | Thu Nov 5, 2015 9:01pm GMT Royal Dutch Shell’s launch on Friday of Canada’s first oil sands project to capture and bury carbon emissions – assisted by generous public subsidies – will likely be the last to get such funding, the Alberta government said this week. The […]

Shell update on BG takeover stokes fears for North Sea jobs

The update fuelled fears about the implications for the North Sea, where Shell and BG have around 2,800 staff and contractors working in total. Both have big operations centres in Aberdeen. The company has shed 7,500 posts globally this year in response to the crude price plunge. It has cut 500 North Sea jobs since […]

Shell’s boss fights to keep BG deal alive as he attempts to calm jittery investors

By LAURA CHESTERS FOR DAILY MAIL: 3 November 2015 Royal Dutch Shell chief executive Ben van Beurden is the oil industry’s equivalent of a swan – below his calm demeanour he is furiously paddling to keep his planned £40billion mega-deal afloat. Shell is buying rival BG Group and, to get the deal away and for […]

Shell carves more savings from BG Group deal, expects further job cuts

Posted on November 3, 2015 | By Collin Eaton HOUSTON — Shell has found another $1 billion in costs it could shake free after it buys BG Group, company officials said Tuesday, partly in response to critics of the huge acquisition Shell announced when crude was more expensive in the spring. The cuts would mean […]

Shell share price: Oil major sells downstream assets

by Veselin Valchev: Monday, 02 Nov 2015 Royal Dutch Shell Plc (LON:RDSA) announced today that it has completed the sale of two assets from its downstream portfolio as part of its strategy to divest lower-margin businesses, as profits wane amid the depressed oil price. The Hague-based oil major has completed the sale of its Butagaz liquefied […]

Shell’s Loss: Oil Prices Aren’t the Only Problem

There is blood in the water at Royal Dutch Shell By HELEN THOMAS: Oct. 29, 2015  There is blood in the water at Royal Dutch Shell. The wound will take some time to heal. The U.K. oil and gas company Thursday posted a huge third-quarter loss, dragged down by impairments of $8.2 billion in its upstream business. […]

In defence of Shell CEO Ben van Beurden

By a regular contributor Only one member of the EC is directly involved in North American activities, Marvin Odum.  Perhaps worth noting is that investment decisions on the scale of the recent Shell write-offs would have required approval by the entire EC in the Hague long before BvB was around. Few of the EC members […]

Royal Dutch Shell’s share price tumbles as group posts dramatic loss as falling oil prices take toll

by Catherine Neilan: 29 Oct 2015 Royal Dutch Shell’s share price tumbled this morning after it revealed a third quarter loss of $7.4bn (£4.8bn) as the company gets to grips with the falling oil price.  The figures The Anglo-Dutch oil giant posted its dramatic loss on the back of nearly $8bn-worth of exceptional items. Adjusted net income […]

Low Oil Prices Take a Toll on Royal Dutch Shell in Quarter

By STANLEY REED: OCT. 29, 2015 LONDON — Lower petroleum prices took a big toll on Royal Dutch Shell in the third quarter. The company reported a loss of $7.4 billion, compared with a profit of $4.5 billion in the quarter a year earlier. Adjusted for inventory changes and one-time items — a more closely watched […]

Shell halts construction on new Alberta oil sands project

CALGARY, ALBERTA: Tue Oct 27, 2015 Royal Dutch Shell Plc will not continue construction of its 80,000 barrel per day Carmon Creek thermal oil sands project in northern Alberta because of the lack of infrastructure to move Canadian crude to market, the company said on Tuesday. Shell said the decision to halt the project was […]

Shell cancels big Canadian oil sands project

Posted on October 27, 2015 | By Collin Eaton HOUSTON – Royal Dutch Shell says it will stop building a large Canadian oil sands project after low crude prices pushed it out of the company’s shortlist of profitable projects. It’s the second large project Shell has canceled since August, when it ditched a $7 billion […]

Energy giant will take a $2 billion write-down; cites uncertain business environment “We are making changes to Shell’s portfolio mix by reviewing our longer-term upstream options world-wide, and managing affordability and exposure in the current world of lower oil prices. This is forcing tough choices at Shell,” Ben van Beurden, Royal Dutch Shell’s chief executive, […]

Shell Takes $2 Billion Charge to Quit Oil-Sands Project

David Marino: 27 October 2015 Company stops work at Carmon Creek facility in Alberta Halted oil-sands work follows Shell’s Arctic drilling exit Royal Dutch Shell Plc made its second major strategic change in two months, announcing it will take a $2 billion charge to exit an oil-sands project in Alberta. Shell is stopping construction on […]

Concern over Shell drilling for oil off Nova Scotia

By Christopher Ives: 21 October 2015 Today’s announcement from CNSOPB really surprised me. Tuesday, 10/20/2015 – Canada-Nova Scotia Offshore Petroleum Board Issues Shell Canada Operations Authorization – Drilling The 2nd sentence of their 5th paragraph states “The granting of an Operations Authorization does not authorize the use of dispersants in case of a spill.” Wow. […]

Shell Canada gets green light to drill for oil off Nova Scotia coast

Shell’s timeline to cap a blowout is still between 12 and 13 days 20 October 2015 The Canada-Nova Scotia Offshore Petroleum Board has authorized a Shell Canada Ltd. drilling plan in the Shelburne Basin that allows the company between 12 and 13 days to contain subsea blowouts, but one environmental group is concerned the capping stack won’t be housed […]

Shell’s Quest $1.35 billion carbon-capture project near Edmonton on target for completion

DAVID HOWELL, EDMONTON JOURNAL: 19 Oct 2015 Fort Saskatchewan — More than 100,000 tonnes of compressed carbon dioxide have been sequestered deep underground during startup testing of Shell Canada’s $1.35-billion Quest carbon capture and storage project. “We’re not quite at commercial operations — we’re expecting that in the near future — but in that (testing) process […]

Drill ship headed to N.S. as Shell prepares for oil exploration

CTV Atlantic: Wednesday, October 14, 2015 With a drill ship on its way to Nova Scotia, it may be just a few weeks before Shell Canada begins oil exploration in the Shelburne Basin.     The Stena IceMax is one of the most modern drill ships in the world and weighs nearly 60,000 tonnes. It’s designed […]

Myths about Shell’s Arctic Alaska pullout persist

Yereth Rosen: Alaska Dispatch News: October 3, 2015 When Royal Dutch Shell announced that it had lost its big-money bet in the Chukchi Sea and would end its entire program in the offshore U.S. Arctic, the hyperbole and finger-pointing began in earnest. Rep. Don Young accused President Obama and Interior Secretary Sally Jewell of deliberately sabotaging Alaska’s economy. “I’m […]

Shell awaiting green light to begin Nova Scotia offshore drilling

Shell says 90 per cent of the supply vessel staff will come from Nova Scotia 25 Sept 2015 Four ships are standing by in Halifax Harbour, waiting for Shell Canada Ltd. to get the green light to hunt for oil in the deep waters of Nova Scotia. The company expects to begin drilling two exploration wells […]

Melting Ice Isn’t Opening Arctic to Oil Bonanza

By STEVEN LEE MYERS and CLIFFORD KRAUSS: SEPT. 7, 2015 TERIBERKA, Russia — The warming Arctic should already have transformed this impoverished fishing village on the coast of the Barents Sea. The Kremlin spent billions in the last decade in hopes of turning it into a northern hub of its global energy powerhouse, Gazprom. It was […]

Court Says Chevron Can Be Pursued in Canada Over Ecuadorean Damage

By IAN AUSTEN and CLIFFORD KRAUSS: A version of this article appears in print on September 5, 2015, on page B2 of the New York edition The Supreme Court of Canada ruled on Friday that a group of Ecuadoreans can use an Ontario court in an attempt to collect billions of dollars from Chevron for environmental […]

Shell offshore drilling application prompts conflict-of-interest charge

By Charles Mandel | August 29th 2015 Shell Canada Limited is applying to bring offshore drilling to Nova Scotia’s waters. But environmentalists are raising alarm bells over potential conflict of interest, as the group reviewing Shell’s application — the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) — includes a board member who worked at Shell Canada and […]

Offshore petroleum board refutes conflict charge

JESSICA FLOWER: August 28, 2015  Despite a U.K. newspaper’s suggestion of a conflict of interest in the Shell offshore drilling proposal approval process, the Canada-Nova Scotia Offshore Petroleum Board says it’s confident the steps it takes to eliminate any conflicts or unethical dealings neutralizes any concerns. The Guardian reported Wednesday about a potential conflict of interest […]

Why Royal Dutch Shell plc Is Facing Resistance In Canada

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 […]

Hillary Clinton Says Arctic Drilling ‘Not Worth the Risk’

“The Arctic is a unique treasure,” Democratic presidential candidate Hillary Clinton tweeted. “Given what we know, it’s not worth the risk of drilling.” MARIO ANZUONI/REUTERS (Reuters) – Democratic presidential candidate Hillary Clinton on Tuesday staked out her opposition to Arctic oil exploration, a day after the Obama administration gave Royal Dutch Shell final approval to […]

The New Cold War: The Arctic

It could set major oil companies against each other but also superpower against superpower as they scramble to exploit the last untapped giant reserves in a part of the world where territorial boundaries remain unclear. No wonder some fear a new cold war. FULL ARTICLE WELL WORTH READING

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 […]

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. […]

Shell toughens local project hurdles

Matt Chambers: Resources Reporter: Melbourne: 31 July 2015 Oil major Shell has laid down tougher hurdles for its Australian projects including Browse LNG off Western Australia and Arrow coal-seam gas in Queensland. It has cut the oil price at which new projects need to go ahead and flagged a major LNG project ­pipeline overhaul if its planned […]

Here’s How Shell Can Restart Its Tar Sands Projects In Canada

By: MICHEAL KAUFMAN Exploring for new oil has now become a difficult task for the oil majors. Oil and gas are now mostly situated in the deep-waters, Canadian tar sands and the Arctic waters where the cost of exploration and production is very high. These high costs coupled with the lower crude oil prices make […]

Shell-led Canadian LNG deal gets environmental approvals

Shell-led Canadian LNG deal gets environmental approvals Thursday Jun 18, 2015 By Julie Gordon (Reuters) – Canada’s environment ministry said on Wednesday it approved a Royal Dutch Shell Plc-led liquefied natural gas export terminal on British Columbia’s coast, contingent on the project meeting 50 environmental, social and operational conditions. In her decision, federal Environment Minister […]

Shell Cleared For Exploration Off Nova Scotia

By Andy Tully: Posted on Wed, 17 June 2015 Shell Canada Ltd. is ready to begin exploratory drilling off the coast of Nova Scotia now that it has received conditional approval for the project from the country’s environmental minister. Canada’s Environmental Assessment Agency issued the decision the night of June 15 after the environmental minister, Leona […]

Shell Arctic Drill Rig Confronted at Sea by Indigenous Activists and Greenpeace Canada

Press release from Greenpeace June 17, 2015 – 4:51pm – By The Arctic Journal Indigenous artist and activist Audrey Siegl today approached the 300-foot-tall Polar Pioneer drill rig in an inflatable boat launched from the MY Esperanza, while two Greenpeace Canada swimmers spread out in the water behind her to put their bodies in the […]

Shell-led B.C. LNG project nears environmental approval

BRENT JANG: KITIMAT, B.C. — The Globe and Mail: Published Tuesday, Jun. 16, 2015: Last updated Wednesday, Jun. 17, 2015 Shell and BG Group PLC announced plans in April to merge, sparking speculation that the combined entity will focus on Kitimat while placing BG’s Prince Rupert LNG project on the back burner. A liquefied natural gas consortium led by Royal […]

Shell gets go-ahead for Shelburne Basin drilling project

Shell gets go-ahead for Shelburne Basin drilling project SHERRI BORDEN COLLEY STAFF REPORTER: June 15, 2015  Shell Canada has received the green light to begin exploratory drilling off the coast of Nova Scotia later this year. The project cleared its final regulatory hurdle late Monday when federal Environment Minister Leona Aglukkaq gave the company conditional approval. […]