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Why Shell Is Selling Its Norwegian Downstream Business

Dec 19th, 2014
by John Donovan.
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Screen Shot 2014-06-23 at 11.37.41Royal Dutch Shell has decided to sell off of its Norwegian downstream business to Finland’s ST1 in order to improve profitability and achieve its divestment targets

By: MICHEAL KAUFMAN
Published: Dec 18, 2014 at 5:21 pm EST

Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) has decided to sell its Norwegian downstream business comprising commercial fuels, retail and logistics businesses. The company is planning to sell the stake to ST1, a fuel company in Finland. No further details have been disclosed so far.

A Retail Brand License Agreement is also expected to be part of the deal. This particular agreement would make sure that the Shell brand remains highly visible in the Norwegian market through a distributor. The deal is yet to be approved by regulatory authorities and is expected to be confirmed next year. Shell will also run its Norwegian aviation business in a 50-50 joint venture with with ST1, which already operates Shell pumps in Sweden and in Finland. read more

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Shell agrees sale of downstream businesses in Norway

Dec 18th, 2014
by John Donovan.
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Screen Shot 2014-06-23 at 11.37.41Shell has signed an agreement with ST1 for the sale of its retail, commercial fuels and supply and distribution logistics businesses in Norway. In addition, Shell’s aviation business in Norway will become a 50-50 joint venture with ST1.

The sale is subject to regulatory approval and is expected to be completed in 2015.

The transaction includes a Retail Brand Licence Agreement which will ensure that Shell’s brand remains highly visible in Norway and that high-quality Shell fuels and lubricants products, and the euroShell loyalty card scheme, will continue to be available to customers in the country. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell senses huge profit potential in China

Jun 13th, 2014
by John Donovan.
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From the China Daily website Ecns.cn published Friday 13 June 2014

Multinational oil company Royal Dutch Shell Plc will continue to invest in China and considers the country to be its most important market in which to grow its retail business, a senior official said on Thursday.

Istvan Kapitany, executive vice-president of Shell Retail, said China plays a key role for the company in 70 targeted countries. “We will continue to invest in China since the potential of the retail market in China is significant,” said Kapitany.

According to the Netherlands-based company, Shell opened almost one service station per day in China in 2012 as demand grew. At present, the company operates about 1,100 service stations in the country. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell gives up on big subsea project in Norway

Apr 11th, 2014
by John Donovan.
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Screen Shot 2014-02-10 at 16.29.29Extract from a Reuters article by Balazs Koranyi published 11 April 2014

(Reuters) – Royal Dutch Shell has postponed an innovative project to provide subsea gas compression on Norway’s Ormen Lange field, one of the biggest gas fields in Europe, it said on Friday. “The oil and gas industry has a cost challenge,” Shell said in a statement. “This, in combination with the maturity and complexity of the concepts and the production volume uncertainty, makes the project no longer economically feasible.” read more

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Rolf Wilborg, Bill Campbell and the battle for offshore safety

Jan 16th, 2014
by John Donovan.
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Screen Shot 2014-01-16 at 17.44.20There is a striking similarity between Rolf’s case and the whistleblower activities of Bill Campbell, the retired Health & Safety Group Auditor of Shell International who warned Shell about evidence of false and misleading information in Shell Brent Bravo maintenance records, prior to the tragic, but avoidable explosion in which offshore workers were killed. Safety records had been routinely falsified and Shell had operated a notorious “Touch Fuck All” maintenance policy that put production (and profits) before safety.

By John Donovan

The plight of Rolf Wilborg Ex  Norwegian Petroleum Directorate regulator for the Norwegian sector offshore has been brought my attention.

There is a striking similarity between Rolf’s case and the whistleblower activities of Bill Campbell, the retired Health & Safety Group Auditor of Shell International who warned Shell about evidence of false and misleading information in Shell Brent Bravo maintenance records, prior to the tragic, but avoidable explosion in which offshore workers were killed. Safety records had been routinely falsified and Shell had operated a notorious “Touch Fuck All” maintenance policy that put production (and profits) before safety.  read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil, Gas Producers Look to Expand Arctic Exploration

Jun 27th, 2012
by John Donovan.
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Updated June 26, 2012, 12:02 p.m. ET

By KJETIL MALKENES HOVLAND and ANNA MOLIN

TRONDHEIM, Norway—Two of the world’s major oil and gas producing nations, bolstered by big Arctic discoveries in recent years, are looking to further develop one of the world’s most remote regions as a more vibrant hub of exploration.

Norway plans to award new drilling licenses for dozens of blocks of sea acreage in icy Arctic waters as early as 2013, Norway’s oil ministry said at a conference here Tuesday. U.S. Secretary of the Interior Ken Salazar, speaking at the same conference, said the Obama administration plans to further open and develop its own Arctic areas for drilling to continue reducing that nation’s dependence on foreign imports. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Bid Starts Race for African Gas Fields Bigger Than Norway’s: Energy

Feb 23rd, 2012
by John Donovan.
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By Eduard Gismatullin and Fred Pals – Feb 23, 2012 9:45 AM GMT

Royal Dutch Shell Plc (RDSA)’s $1.6 billion bid for Cove Energy Plc (COV) starts a race to develop natural-gas fields off Mozambique’s Indian Ocean coast that may hold more than Norway’s entire reserves.

Winning Cove would give Shell an 8.5 percent stake in a block where Anadarko Petroleum Corp. (APC) has found 30 trillion cubic feet of gas. Italy’s Eni SpA (ENI) has discovered even more in a neighboring area. Together, there’s sufficient fuel for the development of two $20 billion liquefied natural gas plants to supply customers in Asia, according to Deutsche Bank AG. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell slammed for ‘serious’ safety slips

May 23rd, 2011
by John Donovan.
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Anglo-Dutch supermajor Shell has been hit with a safety order from the Norwegian authorities following an investigation into a well incident on the Draugen platform in December last year.

Aleya Begum 23 May 2011 11:44 GMT

The Petroleum Safety Authority said today its investigation of the incident identified several serious breaches of the regulations.

“The non-conformities are related to inadequate management, inadequate risk assessment, inadequate well barriers, inadequate well barrier sketches, inadequate well control, and inadequate daily reporting of drilling and well activities,” said the PSA.

The incident occurred during a wireline operation to replace a gas lift valve in well 6407/9-A-01. The operation resulted in the subsurface safety valve becoming stuck in the Xmas tree, blocking the upper mast valve, and leaving only one barrier against a potential leak. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Says Oil, Gas Resources Off the Coast of Norway Remain Considerable

Sep 7th, 2010
by John Donovan.
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Shell has suffered setbacks this year in Norway, including a 24 percent cut in the estimated reserves at its Ormen Lange gas field, Europe’s third largest.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell’s Natural-Gas Find Off Norway Disappoints

Aug 27th, 2010
by John Donovan.
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Bloomberg

Shell’s Gro Natural-Gas Find Off Norway Seen at Lower Range of Estimates

By Fred Pals and Marianne Stigset – // <![CDATA[// Aug 27, 2010 11:07 AM

Royal Dutch Shell Plc’s deepwater appraisal well at the Gro natural-gas discovery indicated the find may be at the lower end of estimates, potentially denting plans for a new production hub in the Norwegian Sea.

“The reservoir quality is poorer than expected,” the Norwegian Petroleum Directorate said today in a statement. “Preliminary estimates place the size of the discovery in the lower range of the original resource estimates.”

The find at a depth of 1,300 meters (4,300 feet) was estimated to hold 10 billion to 100 billion cubic meters of gas. Norway, the world’s second-biggest gas exporter, is seeking to develop a center for production in the Norwegian Sea that also includes finds by Statoil ASA and Total SA. The country is seeking to raise gas production as North Sea oil fields are depleted after 40 years of production. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Dry Hole at Shell’s Gro Prospect Would Hinder Gas-Hub Efforts, Norway Says

Aug 25th, 2010
by John Donovan.
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Bloomberg

By Marianne Stigset – Aug 25, 2010 4:01 PM GMT+0100

A dry appraisal well at Royal Dutch Shell Plc’s Gro discovery in the Norwegian Sea would be a blow to efforts to develop a hub for natural gas production, the country’s Petroleum Directorate said.

Newspaper Upstream reported today that a Shell appraisal well at Gro was “virtually dry,” citing an unidentified person in the industry. The result means the volume estimate of 10 billion to 100 billion cubic meters of gas is expected to remain unchanged, Upstream said. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Ormen Lange Gas Field Now Has 6 Wells Online – Shell

Nov 1st, 2008
by John Donovan.
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Norway's giant Ormen Lange gas field is now producing gas from six wells, after three new wells were brought online earlier this month, a spokeswoman for operator Royal Dutch Shell PLC (RDSA.LN) said Friday.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Norway Oil Producers Say Rig Strike Can Be Averted (Update1)

Jun 4th, 2008
by John Donovan.
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The Norwegian Organization of Managers and Executives said it will pull 86 workers from StatoilHydro ASA's Snorre A platform and Royal Dutch Shell Plc's Draugen A rig on June 7 if a new agreement isn't reached on wages and working hours. The strike imperils output of 220,000 barrels of oil a day, or about 9 percent of Norway's total oil production.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Talks aim to avert Arctic oil rush

May 28th, 2008
by John Donovan.
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Commercial interest in exploiting the Arctic is hotting up. Denmark recently attracted the likes of ExxonMobil and Chevron, the two biggest US energy groups, along with several smaller players, to explore off its western coast. Alaska, meanwhile, garnered aggressive bidding by Royal Dutch Shell, Europe's biggest energy group, which earlier this year won the right to explore the remote part of the state's Arctic North Slope.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Aftenposten (Norway): Shell shuts its propane pumps

Sep 6th, 2005
by John Donovan.
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Aftenposten (Norway): Shell shuts its propane pumps

“The gas explosion at Shell’s station at Strand, west of Oslo, closed the heavily trafficked E18 motorway in and out of the city.”

Tuesday 6 Sept 2005

Oil company Shell has shut down all of the 28 propane (LPG) pumps at its Norwegian gas stations. On Tuesday Shell flew in an expert from its Dutch headquarters, in the hopes of preventing gas leaks and explosions like one that occurred last summer.

The gas explosion at Shell’s station at Strand, west of Oslo, closed the heavily trafficked E18 motorway in and out of the city.

Jacob Olsbø, information chief for Shell in Norway, told Aftenposten.no that the company is aiming to ward off more accidents. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell hails major gas strike off the coast of Norway

May 25th, 2005
by John Donovan.
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The Scotsman: Shell hails major gas strike off the coast of Norway

25 May 05

JIM STANTON

DEPUTY BUSINESS EDITOR

SHELL, the Anglo-Dutch energy giant, appears to have made its biggest gas strike off Norway for more than a decade.

The company said it had found gas at its Onyx prospect in the Norwegian Sea, with Norwegian officials suggesting a major find.

In a statement, the Norwegian Petroleum Directorate (NPD) said: “The size of the discovery may approach 60 billion standard cubic metres of producible gas.”

It added: “Gas was proven in Jurassic sandstones and two successful production tests were performed.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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