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Posts Tagged ‘Gulf of Mexico’

Shell Midstream buying pipelines, terminals for $825m

Houston’s Shell Midstream Partners is going on a buying spree, acquiring $825 million worth of pipelines and terminals from its Royal Dutch Shell parent.

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The deals designed to beef up the three-year-old Shell Midstream business give the Houston pipelines firm more ownership in Gulf Coast and Gulf of Mexico pipelines, as well as a slew of terminals from the Houston area to Washington state.

The drop-down acquisitions from the parent Shell and other Shell subsidiaries give Shell Midstream majority ownership of the Mars and Odyssey oil pipelines in the Gulf of Mexico. Shell Midstream already owned 49 percent stakes in the pipelines and the deal ups those stakes to at least 71 percent. read more

About 75,000 bpd of Gulf oil output still shut after Shell fire

Bryan Sims: NOVEMBER 15, 2015   HOUSTON (Reuters) – A combined 75,206 barrels per day (bpd) of oil and 215,122 million cubic feet per day of natural gas production are shut-in at four platforms in the wake of a Nov. 8 fire at Royal Dutch Shell’s (RDSa.L) Enchilada platform, according to U.S. government data. FULL ARTICLE

Four Gulf of Mexico oil platforms shut after Enchilada fire: Shell

Reuters Staff: NOVEMBER 14, 2017

LONDON (Reuters) – Royal Dutch Shell said on Tuesday that production at four oil platforms in the Gulf of Mexico has been shut in the wake of a Nov. 8 fire at its Enchilada platform. “Production is shut in at the Shell-operated Enchilada and Salsa platforms, as well as the associated Hess-operated Conger field,” in which Shell has a 37.5 percent share, it said in a statement. “In addition, Shell safely shut in all production operations at its Auger platform due to downstream constraints caused by this incident.” FULL ARTICLE read more

Shell to repair damaged portions at Enchilada platform, re-deploy personnel

Reuters Staff: NOVEMBER 13, 2017

(Reuters) – Royal Dutch Shell Plc said it was in the process of developing a plan for repairing the damaged parts at its Enchilada platform and re-deploying personnel following its shutdown after a fire last week. “On Saturday November 11, an assessment team confirmed isolation of the platform from the 30-inch gas export pipeline and no presence of uncontained hydrocarbons,” a Shell spokesperson said.  FULL ARTICLE

Shell standing down emergency response over Gulf fire

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Shell has stood down its emergency response activities over a fire on its Enchilada platform in the Gulf of Mexico. On Saturday an assessment team confirmed the isolation of the platform from the 30-inch gas export pipeline which was thought to be at the centre of the blaze which broke out last week. The team also found no presence of ‘uncontained’ hydrocarbons. The supermajor is in the process of developing a plan for repairing the damaged portions of the asset and re-deploying personnel. There is no timeline to resume normal operations. More than 70 people from Shell and the United States Coast Guard worked together to respond to the incident. FULL ARTICLE read more

Hess Issues Statement on Impact from Incident at Shell Enchilada Platform in Gulf of Mexico

November 13, 2017 07:31 AM Eastern Standard Time

NEW YORK–(BUSINESS WIRE)–Hess Corporation (NYSE: HES) released a statement today about the impact on its operations resulting from a fire at the Shell Enchilada platform in the Gulf of Mexico. Shell advised in a statement on Nov. 12 that a plan for repairing the damaged portions of the asset is being developed. All production coming into the Garden Banks Gas Pipeline system also remains shut in until further notice.

Hess production is shut in at its Baldpate, Conger and Penn State Fields. Production is also shut in at the Shell-operated Llano Field (Hess 50 percent interest). Hess production at these fields is approximately 30 thousand barrels of oil equivalent per day. read more

Parts of multi-billion dollar Shell Oil project being constructed in Port of Iberia

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PORT OF IBERIA (KLFY) – Shell Oil is in the process of conducting one of its largest projects across the globe and a big part of that project was completed right here in Acadiana. Dynamic Industries, a fabrication company operating in the Port of Iberia, has recently been building large modules for the past two years as part of a larger Shell Oil project. “It’s part of Shell Oil’s Appomattox project, the largest project on earth for Shell Oil and it’s about a 17 billion dollar project,” says Craig Romero, Port Director. FULL ARTICLE read more

SHELL NEWS STORIES POSTED 10 NOVEMBER 2017

FIVE SHELL NEWS STORIES POSTED FRIDAY 10 NOVEMBER 2017

Shell confirmed to Reuters it had sought the change… Shell spokesman Frank van Hoorn said there was nothing secret or nefarious about Shell’s lobbying for the change…

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Oil majors BP and Shell are closing in on realising key objectives for production and fundraising, an analyst has said.

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Shell has no timeline for restarting normal operations on a platform which was shut down in the US Gulf of Mexico due to a fire, a news report said.

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Oil Tumbles as Surprise Stockpile Surge Outweighs Platform Woes

  • Shell shuts Enchilada platform in Gulf of Mexico Wednesday
  • U.S. drillers lift crude production to an all-time high: EIA

Crude went on a roller-coaster ride Wednesday as platform closures in the Gulf of Mexico led futures to spike, while the stubborn increase in U.S. supplies pulled prices back down. Oil closed 0.7 percent lower in New York after alternating between gains and losses in the session. Multiple platforms in the Gulf of Mexico suspended operations after Royal Dutch Shell Plc shut its Enchilada-Salsa platform due to a fire. While the shutdowns caused shortages, the prevailing mood was set by a government report showing crude stockpiles unexpectedly rose last week, overseas demand shrank and U.S. output hit a record-high. FULL ARTICLE read more

Oil platform fire in Gulf of Mexico injures 2

Two people were injured Wednesday morning (Nov. 8) in a fire on a Shell oil platform in the Gulf of Mexico, the company said. The remaining 46 workers were safely evacuated. A Shell spokesman said the fire happened at 1:30 a.m. Wednesday on its Enchilada platform at Garden Banks 128. Shell said it had identified the source of the fire and was “actively responding to the situation.” FULL ARTICLE read more

Shell Swallows BG Group Whole Hog, Rolls Up Cash Flow

Ray Merola: Nov. 6, 2017

Summary

  • Shell is enjoying a remarkably successful corporate resurgence.
  • Legacy BG Group opex and capex has been absorbed entirely without a loss of combined hydrocarbon volumes.
  • Cash is king.
  • Debt is trending down.  The dividend is well-covered.  Returns are solid, and improving.
  • I remain constructive on RDS stock.

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Royal Dutch Shell: The Cash Machine

 Nov. 6, 2017 12:35 PM ET

Summary

  • Royal Dutch Shell has reported nearly 50% increase in profits following improvement in energy prices which fueled a turnaround of its upstream division.
  • In the first three quarters of 2017, Royal Dutch Shell generated $15.42 billion of free cash flows (ex. working cap. changes), surpassing even the industry’s cash flow king Exxon Mobil.
  • Oil prices have climbed to almost $61 a barrel and could stay at this level in the future, which could give a major boost to Shell’s earnings and cash flows.
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    Layoffs avoided as Shell to revamp gasoline unit at Convent refinery

    CONVENT — Royal Dutch Shell plans to refurbish the gasoline-producing catalytic cracking unit at its Convent oil refinery in St. James Parish next year and not demolish it as previously planned under an effort to link up the oil major’s Gulf Coast operations, a local government official said.

    St. James Parish President Timmy Roussel announced Wednesday night that refinery managers told him the fluidized catalytic cracker would be furbished in a forthcoming “major turnaround” so it could be run for another four to five years, avoiding possible layoffs at the 227,600 barrel-per-day refinery. read more

    Shell says can pump oil from Brazil’s pre-salt fields below $40/bbl

    Simon WebbAlexandra Alper: OCTOBER 25, 2017

    RIO DE JANEIRO (Reuters) – Royal Dutch Shell will participate in Brazil’s deepwater oilfield auction on Friday and is confident it can pump oil from the fields on offer for less than $40 a barrel, a top Shell executive said. Brazil will hold its first auction in four years for its pre-salt oilfields on Friday. The eight deepwater blocks on offer hold billions of barrels in reserves, and for the first time, Brazil will allow foreign oil firms to operate the fields in the region. Shell believes it could pump oil from the pre-salt fields below the company’s target breakeven cost of $40 per barrel, Wael Sawan, Executive Vice President for Shell’s deepwater division, told Reuters. The high quality of the reserves and the prolific output volume that the pre-salt wells can produce make them an attractive proposition, he said. FULL ARTICLE read more

    Harvey May Pinch Some Gulf Coast Refining, Chemical Projects

    NEW YORK/HOUSTON — Oil and petrochemical plants along the U.S. Gulf Coast intend to go ahead with plans for near record spending on expansions next year, despite Hurricane Harvey driving up labor costs and slowing work, experts said. Harvey largely spared oil and petrochemical plants along the U.S. Gulf Coast from significant damage but thousands of homes and businesses were not as fortunate. Refiners and recovery projects will compete for the same labor, driving up costs or causing labor shortages. read more

    Shell says no major damage to Perdido platform after Harvey

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