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Shell Executive Managing Arctic Alaska Oil Program to Leave Company

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By Dow Jones Business News,  March 22, 2013, 03:14:00 PM EDT

By Selina Williams

LONDON–A Royal Dutch Shell PLC (RDSA, RDSA.LN) executive tasked with managing a controversial multi-billion-dollar oil exploration program in the U.S. Arctic Ocean that failed to complete any wells in last year’s short drilling season is to leave the company by “mutual consent” later this year.

According to a Shell spokesman, David Lawrence, executive vice president responsible for exploration activity in the Americas, is to leave Shell mid-year. The spokesman didn’t give details why Mr. Lawrence, who joined Shell in 1984, was leaving the company. Prior to his current post, Mr. Lawrence worked in exploration, development and strategy. read more

Motiva Shuts Down Texas Refinery Expansion Unit Due to Leak

By Dow Jones Business News,  January 07, 2013, 01:19:00 PM EDT

By Alison Sider

Motiva Enterprises LLC said the crude unit of its Port Arthur, Texas, refinery expansion leaked while being restarted Sunday and was shut down.

Kimberly Windon, spokeswoman for Royal Dutch Shell PLC (RDSA), said the company still plans to have the VPS 5 crude distillation unit fully restarted “in the early part of this year.”

“We anticipate making the necessary adjustments/repairs and returning the unit to normal operation in an expeditious manner,” Ms. Windon wrote in an email Monday. read more

Inflation, Politics Seen Capping North America LNG Exports-Shell

By Selina Williams

LONDON–Inflation and U.S. domestic politics are likely to limit the amount of liquefied natural gas exported from proposed projects in North America to around 60 million to 70 million tons a year over the next decade, Royal Dutch Shell PLC’s (RDSB.LN) Chief Financial Officer Simon Henry said Tuesday.

Currently companies including ExxonMobil Corp. (XOM), ConocoPhilips Co. (COP), BP PLC (BP.LN), Sempra Energy (SRE), Cheniere Energy Inc. (LNG), Shell and Apache Corp. (APA) are seeking to export LNG from the U.S. and Canada in efforts to find more profitable markets amid a continent-wide gas glut, due to the shale gas boom, that has depressed prices. read more

Unit Upset At Shell Oil Company Refinery In Deer Park, Texas

November 15, 2012

A refining unit was “upset” and flaring ensued at Shell Oil Company’s 327,000 barrel-a-day refinery in Deep Park, Texas, on Nov. 12, according to the U.S. National Response Center.

A Nov. 14 power outage hit the 255,000 barrel-a-day refinery owned and operated by Motiva, a Shell/Saudi Refining joint venture, in Convent, Louisiana, according to the U.S. National Response Center. An unknown amount of emission resulted, but it wasn’t known which unit was affected. read more

Royal Dutch Shell Shuts Down Major Crude-Oil Pipeline In Nigeria Due To Fire

(RTTNews.com) – Shell Petroleum Development Company of Nigeria Limited or SPDC, a subsidiary of Royal Dutch Shell plc (RDS-A,RDSA.L,RDSB.L,RDS-B), said in a statement Sunday that it has shut down the 28-inch Bomu-Bonny Trunkline after it discovered a fire earlier in the day.

The pipeline conveys crude oil to Bonny Terminal. The company has deferred 150,000 barrels per day of production due to the incident.

The fire is said to have been caused by a burning vessel which is alleged to be involved in stealing crude oil from the pipeline. The burning vessel is currently engulfed in raging flames and thick smoke. read more

Shell in Asset Development Deal

Posted 9/25/2012 2:30 PM by Zacks Equity Research from Zacks.com

Royal Dutch Shell plc ( RDS.A ) – through its affiliate SWEPI LP – entered into an asset development agreement with Fort Worth, Texas-based Quicksilver Resources Inc. ( KWK ).

Per the terms of the joint venture signed between the two aforesaid companies, they will be involved in developing their oil and gas holdings spanning across the Sand Wash Basin in Northwest Colorado. The companies are expected to cover more than 850,000 acres in the basin and set up an Area of Mutual Interest (“AMI”).

Each company will transfer 50% of its working interest in the majority of their acreage in the Sand Wash Basin to the other party. This will also endow each company with the right to 50% stake in any acquisition within the AMI. read more

Shell Gets Federal Nod for Prep Work – Analyst Blog

Posted 9/24/2012 11:37 AM by Zacks Equity Research from Zacks.com

Global energy company, Royal Dutch Shell plc ( RDS.A ) has received the necessary approval from federal officials to perform limited site work in the Beaufort Sea, in order to set up its second drill site off Alaska’s northern coast.

Earlier, The Bureau of Safety and Environmental Enforcement had given its nod for similar activities in the neighboring Chukchi Sea to Shell.

However, Shell cannot move ahead with its drilling plans in the petroleum zones till the spill response barge is in place. Earlier this month, the company had postponed its Arctic drilling plans for a year after a spill containment dome sustained damage during the course of a testing session. read more

Shell’s Arctic Oil Drilling Window Closing As Permits Awaited

August 15, 2012

By Selina Williams

LONDON–The short window for Royal Dutch Shell PLC (RDSB.LN) to drill exploratory wells off Alaska’s Arctic coast is rapidly narrowing as the company still hasn’t completed the retrofit of its vital oil spill response vessel or received final permits for its use.

Shell initially planned to begin exploration activities in the Chukchi and Beaufort Seas in July. However, the company said Wednesday that it is still working with U.S. officials on a schedule for inspections and deployment of the converted barge, the Arctic Challenger, which needs to be in place before drilling can start. read more

Delays Force Shell to Drill More Arctic Wells in 2013

By Alexis Flynn

LONDON–Royal Dutch Shell PLC (RDSB) expects to drill eight wells in the second half of its two-year Arctic exploration program, three more than it had originally planned, as stubborn ice sheets and permit delays have reduced the amount of time available to complete the first five wells this year.

Shell, which still plans to drill ten wells in two years, is busy working with the U.S. coastguard to complete a special oil spill containment vessel that is being retrofitted to operate in more challenging conditions, a company spokesman said Wednesday. read more

Refinery Status: Shell Reports Flaring At Deer Park – Filing

Jul 5, 2012

DOW JONES NEWSWIRES

Royal Dutch Shell Plc. (RDSA.LN) reported flaring at its 327,000 barrel-a-day refinery July 4 in Deer Park, Texas, according to a filing with the National Response Center. A Shell spokeswoman declined to comment.

A compressor problem at Shell Oil Co’s 157,000 barrel-a-day refinery in Martinez, Calif., caused flaring at the facility on June 28, according to traders doing business with the company. It wasn’t known which refinery units were affected.

Motiva Enterprises LLC reported unspecified equipment failure June 30 at its 235,000 barrel-a-day refinery in Convent, La., according to a public filing. read more

Refinery Status: Motiva’s New Port Arthur CDU Restarted

DOW JONES NEWSWIRES

Jun 11, 2012

Motiva Enterprises on June 9 said operations at the newly-commissioned crude unit at it’s Port Arthur, Texas, refinery were stabilized after uncontrolled combustion occurred within the unit during start-up procedures, a filing to regulators said. The units was take out of service on June 4 to repair leaking valves, a person familiar with the plant said on June 6. 600K

Shell Oil Co. (RDSA, RDSB) on June 8 reported flaring and a release of sulfur dioxide at its San Francisco-area refinery in Martinez, Calif. The cause wasn’t known and no other details were provided in a filing to Calif. state regulators. 165K read more

Royal Dutch Shell CEO: Hopes To Drill In Alaska By Summer

Jun 4, 2012

By Ben Lefebvre, Of DOW JONES NEWSWIRES

PORT ARTHUR, Texas -(Dow Jones)- Royal Dutch Shell PLC (RDSA) hopes to be drilling for oil offshore Alaska by the summer, Chief Executive Peter Voser said Thursday.

The move to drill in Alaska’s Beaufort Sea would help the oil giant gain advantage in the global race to tap Arctic energy resources. The plan is “progressing very well,” Voser said. “With the support of regulators and local communities, we are working toward drilling by summer.” read more

Shell: Liquid Shales Could Have Big Impact On Energy Mix

May 17,2012

LONDON -(Dow Jones)- Shale rock formations that contain liquid hydrocarbons as well as natural gas could have a ” significant” impact on world energy supplies but it is too early to say for sure, a senior Royal Dutch Shell PLC (RDSB) executive said Thursday.

“It is too early to predict the impact if liquid rich shales. It could be significant,” said Ruth Cairnie, Shell executive vice president for strategy and planning. read more

Shell Secures One Of Last Permits Needed For Arctic Drilling

Shell Secures One Of Last Permits Needed For Arctic Drilling

By Tennille Tracy, Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Royal Dutch Shell (RDSA, RDSB) secured one of the last permits it needs to begin drilling in the Arctic Ocean this summer, after proving to federal regulators that it can operate without harming whales and seals.

The company announced Wednesday that it had obtained a so-called incidental harassment authorization from the National Marine Fisheries Service, clearing one of the last hurdles before it can begin exploratory drilling in the Chukchi and Beaufort seas. read more

Royal Dutch Shell Shares Down 2.5% After It Reports US Gulf Sheen

The report comes nearly two years after the Deepwater Horizon drilling rig exploded in the Gulf of Mexico, unleashing the worst oil spill in U.S. history.

Enviro Groups Challenge Permits For Shell’s Arctic Oil Drilling

Oct 24, 2011

By Tennille Tracy, Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Environmental groups have filed a formal challenge to air-quality permits that Royal Dutch Shell needs to drill for oil in the Arctic.

The challenges, filed Monday, represent the latest effort to block Shell ( RDSA, RDSB, RDSA.LN, RDSB.LN) from drilling off the coast of Alaska and could derail the company’s plans to begin exploring the region in 2012. read more

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