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Posts Tagged ‘Gulf of Mexico’

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

Shell, Exxon say some pollution released as storm hits Texas

Shell staff return to Gulf of Mexico platform after Harvey: sources

Storm Harvey: Shell boss takes stock of disruption

Shell halts operations at Deer Park refinery

Royal Dutch Shell said Sunday the aftermath of Hurricane Harvey is causing the shutdown of its massive refining and petrochemical complex in Deer Park. Shell is closing one of Texas’ largest refineries, which can refine more than 315,000 barrels of crude oil a day into gasoline and other petroleum products. “The top priority of Shell Deer Park is to operate in a safe and environmentally sound manner. Due to continued inclement weather conditions from Hurricane Harvey, Shell Deer Park is conducting a controlled/planned shut down of the refinery and chemical plant,” Shell said in an email response. FULL ARTICLE read more

Shell says Deer Park, Texas refinery may be shut for a week

AUGUST 27, 2017

HOUSTON (Reuters) – Royal Dutch Shell Plc said its Deer Park, Texas, refinery and chemical plant complex may be shut for up to a week because of Tropical Storm Harvey’s impact on the Houston area. Shell spokesman Curtis Smith said following a controlled shutdown of the complex including the 325,700 barrel per day (bpd) refinery on Sunday, only essential personnel would remain at the plant through the end of the week.

Reporting by Ernest Scheyder and Erwin Seba; Editing by Andrea Ricci read more

Harvey, Biggest Hurricane Since 2005, Spiraling Toward Texas Coast

Massive Shell platform starts its journey to Texas

The departure is the latest milestone for a gigantic venture the European company sanctioned two years ago in the face of a raging oil bust that forced many of its rivals to scuttle offshore plans. As oil prices tumbled, Royal Dutch Shell spent $600 million and employed 1,500 workers in Texas and Louisiana alone to fabricate parts for the so-called Appomattox platform, the company’s largest in the Gulf, expected to start pumping oil 80 miles off Louisiana by the end of the decade. Even so, Shell says it could still wring a profit from its 125,000-ton platform with oil prices below $50 a barrel, after deep cost cutting. FULL ARTICLE read more

One Shell Square in New Orleans will become Hancock Whitney Center in 2018

Shell will still be the building’s largest tenant, though it will now occupy 18 floors of the building its employees once filled. The company has cut its local workforce from about 2,300 to 1,400 over the past two years, part of global staff reductions spurred by low oil prices.

Rick Tallant, general manager of Shell’s assets in the eastern Gulf of Mexico, said the company is not reducing staff in New Orleans. He said the company has learned to do more with less space.

Giving up naming rights to the building Shell once built and owned is tough, but Tallant said the company is committed to running efficiently and keeping jobs in New Orleans and the Gulf of Mexico. read more

Shell slashes North Sea costs to make profit in a crash

Royal Dutch Shell has cut operating costs for some of its North Sea fields by 70 per cent since the price of crude crashed, the oil company said. Andy Brown, Shell’s head of upstream, said it was able to make “significant money in the North Sea at $50 [a barrel oil prices]” thanks to the reductions, which analysts said were among the steepest by any company. Mr Brown said he had been shocked by some of the inefficiencies Shell found when it reviewed operations worldwide after oil prices fell. read more

Current Shell News Stories 23 March 2017

Royal Dutch Shell Motiva Blues

Over the next few days, we will be posting some outspoken insider comments made several years ago in relation to Motiva, kicking off with the exchange below between “Jim Hartsock” and “Motivasux.”

The comments reveal the low esteem, to put it mildly, in which Shell Oil executives were held at that time.

Comments are welcome from current employees about worker morale these days bearing in mind the dramatic consequences of the Shell/Saudi Aramco divorce. Comments can be posted on our Shell Blog under an alias, thus preserving confidentiality. Or send them to me for publication on the same confidential basis: [email protected] read more

Opec bends the markets

screen-shot-2016-12-03-at-08-16-41By Ed Crooks, December 2, 2016

In 451 CE, the great Roman general Flavius Aetius rallied a motley army of imperial troops and barbarian allies, and halted the advance of Attila’s Huns at the Catalaunian Plains in Gaul, buying the empire some time and temporarily interrupting its long-term decline. This week’s Opec meeting in Vienna had something of the same feel about it.

Opec’s power peaked in the 1970s, and the US shale oil revolution of the past half-decade has threatened to consign the cartel’s influence to history. But by agreeing a deal to cut production on Wednesday, the Opec ministers showed that if they all acted together they could still bend the oil markets to their will, at least for a while. read more

Obama administration bans Arctic offshore oil drilling through 2022. But will Trump reverse it?

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By William Yardley: 18 Nov 2016

The Obama administration said Friday it was banning offshore oil drilling in the Arctic through 2022, a move that prompted widespread praise from conservation groups but raised questions over how long the decision will stand just two months before President-elect Donald Trump takes office.

A new five-year leasing program prohibits any drilling in the Beaufort and Chukchi seas — an environmental battleground in recent years —and also blocks expansion in the Atlantic and Pacific oceans, while allowing some new leasing in the Gulf of Mexico. read more

LIVING IN TRUMPWORLD

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Comment from Bill Campbell on the Energy Voice Article: Shell stresses importance of stable regulatory environment post-Trump victory

Under Trump, with the senate and congress to support him, we can look forward soon to significant deregulation in the US effecting positively onshore fracking, tar sands development, offshore Deepwater in the Gulf and a boost perhaps to Alaska drilling. One assumes the Keystone pipeline will go ahead and perhaps pipelines running from central US to East Coast for new LNG Plants to supply a Europe hedging its bets over Russian gas availability with Europe’s ongoing problems with Putin, sanctions etc. A significant increase in US output, leading to increase in global supply over demand could dampen oil price. Shell seems to have divested assets recently in the US in some of these areas to offset BG takeover costs so uncertain whether Trumpworld will be good or bad for Shell. read more

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