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Posts Tagged ‘ExxonMobil’

Oil Thieves Force Nigerian Pumping Station To Shutter

Oil thieves are bringing Nigerian crude oil pumping stations to their knees, according to a new report from World Oil.

FULL ARTICLE

The Abrupt Demise Of Dutch Gas

Nigeria Oil Thieves Keep a Lid on Output Even as Bombs Abate

As much as 30 percent of the oil sent by pipelines through the swampy Niger River delta is stolen… The 60,000-barrel-a-day flow station, owned by Royal Dutch Shell Plc’s Nigerian unit and idle for most of June, illustrates the nation’s struggle to restore deliveries of its most vital resource. Even after the government quelled a militant uprising that sent production to a 30-year low last August, smaller-scale sabotage caused by people trying to steal oil remains rife.

FULL ARTICLE BY PAUL WALLACE read more

Lawsuits rise against Big Oil

17 July 2017: …filed lawsuits Monday against 37 oil, gas and coal companies, accusing them of ramping up extraction of fossil fuels for decades even though they knew the resulting carbon pollution would have devastating effects on the planet. READ MORE

Shell News 17 July 2017

Shell to operate fast charging at selected Shell stations in the Netherlands and in the United Kingdom: Automotive World: 17 July 2017 read more

More Shell News 13 July 2017

How Europe’s Monster Gas Field Turned Into a Monster Headache: Bloomberg: 13 July 2017

Judge to consider demands to close Europe’s largest gas field; Groningen has contributed almost 300 billion euros to budget; What was once a blessing is now an expensive curse; Officials are also considering criminal charges against NAM executives READ MORE

Corrib gas timeline: 20 years of protests and controversy: The Irish Times: 13 July 2017

June 2005 – High Court jails five men who became known as the “Rossport Five” for contempt of court over their continued protests over the pipeline route. READ MORE

Trump administration approves Eni plan to drill offshore Alaska: Reuters: 13 July 2017

Royal Dutch Shell Plc quit its exploration quest offshore Alaska in 2015 after a ship it had leased suffered a gash in mostly uncharted waters… READ MORE read more

Shell News 12 July 2017

Oil Majors Face Ratings Cuts Amid Weak Recovery, S&P Global Says: Bloomberg 12 July 2017

Exxon Mobil Corp., Chevron Corp. and other oil majors could see their credit ratings slashed again if they fail to cut costs and reduce their growing debt loads in the next year, according to an S&P Global Ratings report. READ MORE

Shell and other supermajors say ‘no plans’ for return of Super Pumas: EnergyVoice.com: 12 July 2017

The Anglo Dutch giant has confirmed that the aircraft, which were subject to a lengthy grounding following a fatal crash off Norway last year, does not feature in the future of the firm’s UK operations despite aviation watchdogs making moves to lift the flight ban. READ MORE read more

Shell News 11 July 2017

Energy transition chatter should go beyond Western viewpoints, says Shell CEO: International Business Times: 11 July 2017

Discussions over the global energy mix and the transition to a low carbon global economy should not only focus on Western perspectives, according to Royal Dutch Shell’s chief executive officer Ben van Beurden. READ MORE

Shell Mulls LNG-Hub Network as Use by Ships and Trucks Expands: Bloomberg: 11 July 2017

Shell is studying developing a global network of liquefied natural gas supply hubs for vehicles including ships, Steve Hill, executive vice president for gas and energy marketing and trading, said Monday at the World Petroleum Congress in Istanbul. READ MORE

Oil majors among top contributors to greenhouse emissions, report says: EnergyVoice.com: 11 July 2017

More than half of global industrial emissions can be traced back to just 25 corporate and state producing entities, the report says. China, India and Russia’s coal industries and major oil and gas players like Saudi Aramco, Gazprom, ExxonMobil, BP and Shell are among those named in the paper from CDP, formerly the Carbon Disclosure Project. READ MORE read more

More Shell Breaking News 5 July 2017

Nigeria Parliament Inquiry Calls Ex-President Jonathan Over OPL 245 Oil Block Sale Scandal: Reuters: 5 July 2017

ExxonMobil/Shell: Haven’t Heard of Groningen? You Might Want to Read This read more

Shell News Update 28 June 2017

Shell, Exxon to appeal latest Groningen gas production cap: Reuters: 28 June 2017

A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it will file an appeal against a Dutch government plan to lower a production cap at the Groningen natural gas field

CCBC students surprised, starstruck by Shell CEO visit: The Times: 28 June 2017

About 15 students enrolled in the Community College of Beaver County’s process technology program on Monday got the surprise of a lifetime when their class was crashed by Royal Dutch Shell CEO Ben van Beurden. read more

Further Shell News Update 27 June 2017

Canada M&A Hits Decade-High as Foreign Owners Flee Oil Sands: Bloomberg: 27 June 2017

Mergers and acquisitions in Canada are set for the strongest start in a decade as foreigners sell their oil sands investments. ConocoPhillips and Royal Dutch Shell Plc are leading the exodus amid a bear market for crude.

Big Oil: Surviving at $40, Thriving at $60: Barron’s: 26 June 2017

The price of oil is rising today, but that hasn’t helped oil stocks like ExxonMobil (XOM), Chevron (CVX), Total (TOT), and Royal Dutch Shell (RDS.A), which remain little changed or under pressure. We expect companies to continue pulling on all operational and financial levers in order to adjust to the oil price reality… read more

Dutch Quakes Rattle Exxon, Shell — WSJ

Big gas field is causing tremors, exposing energy firms to criminal probe and rising bills

By Sarah Kent Dow Jones Newswires

GRONINGEN, The Netherlands — For decades, the giant Groningen gas field beneath the flat, green farmland in the north of this country counted among the greatest prizes for Exxon Mobil Corp. and Royal Dutch Shell PLC. Then the earthquakes started.

Shell and Exxon are pushing back through their joint venture, Nederlandse Aardolie Maatschappij BV or NAM.

NAM said it is considering formally contesting the government’s decision. It also expressed surprise at the Dutch court order to the prosecutor to open a criminal investigation this year… read more

Shell News Update 21 June 2017

Oil firms could waste trillions if climate targets reached: report: Reuters: 20 June 2017

Oil giants including Exxon Mobil and Royal Dutch Shell risk spending more than a third of their budgets by 2025 on oil and gas projects that will not be feasible if international climate targets are to be met, a thinktank says.

Global oil price falls to nine-month low as oversupply fears mount: The Independent: 21 June 2017

A number of producers – notably Iraq, Saudi Arabia and Russia – have aggressively ramped up output…

Norway opens up record 93 blocks for Arctic oil exploration: Financial Times: 21 June 2017

Norway has infuriated environmental groups by opening up a record number of blocks in the Arctic for oil exploration. Environmental groups, emboldened by their success ending Royal Dutch Shell’s drilling off Alaska, are stepping up protests against Oslo. read more

Shell News Update 20 June 2017

Collapsing oil prices could fall into the $30s before the selling stops, analysts say: CNBC: 20 June 2017

Oil prices could slide back into the $30s per barrel before the sell-off ends and prices stabilize, analysts said, bringing pain to both OPEC and its archrival — the U.S. shale industry.

Exxon, BP and Shell back carbon tax proposal to curb emissions: The Guardian: 20 June 2017

In a full-page newspaper ad on Tuesday, the companies called for a “consensus climate solution that bridges partisan divides, strengthens our economy and protects our shared environment”. Exxon and the others were listed as founding members of the plan…

Shell Nigeria considering investment in gas project in Niger Delta: Reuters: 20 June 2017

Osagie Okunbor, managing director of Shell Petroleum Development Company of Nigeria (SPDC), said the project under consideration would have a capacity of 300 million cubic feet and would be located in the city of Asa. read more

Shell News Updated Saturday 3rd June 2017

Shell fears ‘backlash’ from Paris deal exit: The Times: Saturday 3 June 2017

The Anglo-Dutch company has been one of the most outspoken oil industry supporters of the 2015 accord, telling Mr Trump that withdrawal would weaken America’s position globally.

Shell still working to reduce emissions despite U.S. pullout from Paris agreement: The Times: Saturday 3 June 2017

President Donald Trump pulled the United States out of the Paris climate agreement Thursday, but one of the largest companies in the world said it will still do its part to provide clean energy.

Big payout for Shell and ExxonMobil from NAM holding: DutchNews.nl: 2 June 2017

NAM has €3.4bn earmarked for provisions on its balance sheet. A small portion of this, 15% or €495m, is reserved for claims made against the company for earthquake damage. read more

Shell News Headlines Updated 26 May 2017

Energy-Generating Kites Backed by Shell Set for Test in Scotland: Bloomberg/Quint: 26 May 2017

Power-generating kites backed by Royal Dutch Shell Plc, Schlumberger Ltd. and EON SE will start tests in the U.K. this summer, with the aim of developing a technology that could eventually replace offshore wind turbines. Kite Power Systems, known as KPS, is working on a 17-meter device that flies on air currents high above the ground and generates power by pulling at a cable. It raised 5 million pounds ($6.4 million) from the three energy giants last December. “The reason we are interested in something like this is that it has potential to reduce the cost of offshore wind in the future,” said Geert van de Wouw, managing director of Shell Technology Ventures BV. read more

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