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Posts Tagged ‘Gulf of Mexico’

Shell Invests in the Vito Development in the Gulf of Mexico

Shell rendering of its Vito deep-water development in the U.S. Gulf of Mexico. Vito will feature a new, simplified host design and associated infrastructure.

HOUSTONApril 24, 2018 /PRNewswire/ — Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35 per barrel. This decision sets in motion the construction and fabrication of a new, simplified host design and subsea infrastructure. read more

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Auction of Oil Drilling Tracts in Gulf Draws Tepid Interest

HOUSTON — In a setback to Trump administration efforts to increase offshore oil production, the industry responded with only modest interest on Wednesday in a federal auction covering a record 77 million acres in the Gulf of Mexico. Companies bid on only 1 percent of the acreage, and the winning bids yielded a mere $125 million for the government. The results reflected broad uncertainty among oil executives that global oil prices can remain at current levels over $60 a barrel, as well as a general preference for drilling in onshore shale fields that require smaller investments and are less risky. FULL ARTICLE read more

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Shell CEO: Climate change is our biggest issue

Royal Dutch Shell CEO Ben van Beurden speaks at the CERAWeek conference at the Hilton Americas, Wednesday, March 7, 2018, in Houston. Photo: Karen Warren, Houston Chronicle

Royal Dutch Shell Chief Executive Ben van Beurden said Wednesday that climate change is the biggest issue facing the energy sector, encouraging the European oil major to invest more in cleaner-burning gas and renewable energy. Shell aims to cut its carbon footprint in half by 2050 while shifting its roughly 50-50 oil and gas balance to a portfolio that’s closer to 70 percent gas, van Beurden said at the CERAWeek by IHS Markit conference in Houston. Shell already is the world’s leader in liquefied natural gas. “There’s no other issue with the potential to disrupt our industry on such a deep and fundamental level,” van Beurden said of climate change and the need to help meet the Paris climate accord goals, even though the United States plans to split from the agreement under the Trump administration. FULL ARTICLE read more

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U.S. steel tariff could affect Shell Gulf of Mexico project decision – executive

FILE PHOTO – Wael Sawan, Executive Vice President for Shell’s deepwater division, poses for a picture before an interview for Reuters during an oil conference in Rio de Janeiro, Brazil October 24, 2017. REUTERS/Bruno Kelly

Ron Bousso: 7 MARCH 2018

HOUSTON (Reuters) – A potential tariff on U.S. steel imports could affect Royal Dutch Shell’s (RDSa.L) plans to go ahead with a major oil field development in the Gulf of Mexico, a company executive said on Wednesday. Wael Sawan, who heads Shell’s deepwater operations, said President Donald Trump’s intention to slap up to 25 percent tariffs on imported steel and aluminium could materially impact the value of the Vito development off the Louisiana coast, one of a handful of projects Shell is planning to greenlight this year. FULL ARTICLE read more

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How Shell hid a Whale before placing Mexican oil bet

Ron BoussoMarianna Parraga: MARCH 2, 2018

Shell’s oil and gas reserve life – the number of years it can sustain production at its current levels – has steadily declined in recent years despite the acquisition of BG Group

LONDON/HOUSTON (Reuters) – The gasps in the audience were clearly audible at the auction of Mexico’s oil blocks a month ago as Royal Dutch Shell’s hefty bids were announced one by one. The size of Shell’s cash payments – $343 million out of the total of $525 million that Mexico earned in the sale – far outstripped its competitors’ offers, guaranteeing that the company swept up nine of the 19 offshore blocks. The Anglo-Dutch major knew something no one else did. FULL ARTICLE read more

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In the deepwater versus shale oil contest, Shell backs both

Ron BoussoDmitry Zhdannikov: FEBRUARY 20,2018 LONDON (Reuters) – Royal Dutch Shell (RDSa.L) will expand deepwater output and turn a profit from its shale production in coming years as both together will help the oil major cope with a world of low crude prices, the head of its oil and gas production said on Tuesday.

Shell’s deepwater production in Brazil, Nigeria, the Gulf of Mexico is much bigger and more profitable, but the firm sees the nimble, fast-returns U.S. onshore shale as an engine for growth.

“We can see strong (shale) production growth, strong cash surpluses that gives us a balance in our portfolio where you can ramp investment up and down, you can moderate that, very unlike deepwater which is quite chunky,” Andy Brown told Reuters in an interview on the sidelines of the IP Week conference. read more

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Shell platform transformed into artificial reef in the Gulf of Mexico

Source: Bureau of Safety and Environmental Enforcement

For nearly 40 years, a 350-foot-tall metal frame in the Gulf of Mexico supported a platform that pumped oil and gas from the seafloor. The 3,000-ton structure was recently converted into an artificial reef off the coast of Louisiana, where it will serve as habitat for fish and other marine life. Shell’s Cougar platform was installed in 1981 and produced about 31 million barrels of oil and gas over its lifetime, said Shell external relations advisor, Theodore Rolfvondenbaumen. The platform was recently decommissioned and the deck and topside were brought back to shore. The metal frame of the structure was donated to Louisiana’s Artificial Reef Program. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Financieele Dagblad: Shell is fully committed to oil and gas from shale

Printed below is an English translation of an article published by the Dutch equivalent of the Financial Times, Financieele Dagblad under the headline “Shell is fully committed to oil and gas from shale“.

By Bert van Dijk  Energy Editor

Shale gas and shale oil may then have a negative sound in Europe and hardly play a role, governments in the US, Canada, China and Argentina do see a lot of it. Shell hopes to benefit from this favorable investment climate in the coming years, especially now that the company has drastically reduced the costs of extracting shale gas and oil in recent years. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

U.S. offers drillers nearly all offshore waters, but focus is on eastern Gulf

Ernest Sheyder and Valerie Volcovici

HOUSTON/WASHINGTON (Reuters) – President Donald Trump’s administration has proposed opening up nearly all of America’s offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of it, now cordoned off by the Pentagon: the eastern Gulf of Mexico. “The eastern Gulf of Mexico could be very attractive to industry because of the proximity to existing infrastructure in the central and western Gulf of Mexico,” the National Ocean Industries Association, which represents the offshore oil and gas industry, said in a statement. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Oil workers sue Shell over Gulf of Mexico platform fire

REUTERS STAFF: 18 DECEMBER 2017

HOUSTON (Reuters) – Three offshore oil workers filed a lawsuit against units of Royal Dutch Shell and Enbridge, seeking $1 million in damages for injuries they allegedly received during a Nov. 8 fire on a U.S. Gulf of Mexico production platform. The suit, filed in Galveston County court in Texas on Dec. 5, claims safety lapses on Shell’s Enchilada platform caused severe injuries to the three. The complaint seeks more than $1 million in damages from Shell International Exploration and Production, Shell Offshore, and Garden Banks Gas Pipeline Co, a unit of Enbridge, which owns a gas pipeline connected to the platform. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Workers injured in Shell platform fire in Gulf of Mexico file suit

Shell’s Enchilada platform, sitting atop Garden Banks Block 128 in the Gulf of Mexico off the Louisiana coast, caught fire early Wednesday (Nov. 8), injuring two workers. This map shows the location, outlined in yellow.

The lawsuit claims Shell and the pipeline operator were negligent or grossly negligent, failing to maintain a safe work environment…

Three workers injured in a November fire on Shell’s Enchilada platform in the Gulf of Mexico are suing the oil and gas company in a Texas county court. The suit claims Shell, its Gulf of Mexico subsidiary and a pipeline operator “acted with flagrant and malicious disregard” for the health and safety of the workers leading up to the incident. The lawsuit seeks a jury trial and more than $1 million in damage payments for the three men, who “sustained severe injuries” to the head, neck, back and other parts of their bodies. Shell International Exploration and Production Inc., Shell Offshore Inc. and Garden Banks Gas Pipeline, a subsidiary of Enbridge Pipelines, are named as defendants in the lawsuit. FULL ARTICLE read more

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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

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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
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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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

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

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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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
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