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Posts Tagged ‘Oil’

Oil Spill: Syndicates Defraud Communities As Shell Remains Adamant On Payout

BY SAHARA REPORTERS, NEW YORK, FEB 28, 2015 An investigation by SaharaReporters reveals that several rogue syndicates have been selling oil spill compensation forms to members of oil-producing communities in Bayelsa State ostensibly to enable the residents to benefit from a fund established to compensate victims of the December 2011 Bonga oil spill. However, some concerned […]

Lynn Hughes and Shell

U.S. District Judge Lynn N. Hughes In an extremely rare move, the U.S. Court of Appeals for the Fifth Circuit has removed a case from U.S. District Lynn Hughes’ docket after the Houston federal court judge declined to rule the way the appellate court wanted in a case involving Shell Exploration. The recent decision in […]

Houston We Have A Problem: Oil Workers Strike For Safety & Fair Labor

Article by Alvaro Rodriguez and Jane Nguyen published 25 Feb 2015 by MINTPRESS NEWS under the headline: Oil workers holding picket signs in front of the Shell oil refinery in the Houston Ship Channel In the largest strike since 1980, oil workers who are members of United Steelworkers District 13 locals (Locals 13-1 and Local 13-227) are no […]

That sinking Feeling

Financial Times article by Christopher Adams, Michael Kavanagh and Chris Tighe: 25 Feb 2015 That sinking feeling North Sea oil was a challenge before prices halved. Now the UK industry fears a fatal blow The plunge in prices, a tax system that deters investment and a failure by producers to co-operate could lead to a wave […]

Offshore oil drilling opponents scold Port of Seattle for Shell deal

Article by Ted Land, KING 5 News: 24 Feb 2015 SEATTLE — The Port of Seattle got quite the earful, Tuesday from a group opposed to offshore oil drilling. They’re irate that the port is doing business with Shell, which plans to use Terminal 5, near West Seattle, as a launching point as it prepares to […]

Salym Shell development in Siberia

By Olga Ivshina, BBC News, Western Siberia, published 27 Nov 2014 under the headline: Russian oil industry facing deep freeze Without visiting a well in Western Siberia, you would never realise just how hard it is to extract oil in Russia. Two hours’ drive from the nearest village of Salym, the snow banks are huge and […]

Oil Industry Blasts Latest Rules For Arctic Drilling

This article was written by Oilprice.com , the leading provider of energy news in the world. Oil Industry Blasts Latest Rules For Arctic Drilling The energy industry has been quick to criticize the Obama Administration’s proposed regulations for exploratory drilling in the US Arctic Ocean, calling them “unnecessarily burdensome.” The Interior Department proposed Feb. 20 its […]

Oil and gas industry in ‘bleak’ 2014, finds survey

FROM A BBC ARTICLE PUBLISHED 24 FEB 2015 Oil and gas industry in ‘bleak’ 2014, finds survey The UK offshore oil and gas industry has reported its worst annual performance for four decades. Industry body Oil & Gas UK said falling oil prices and rising costs meant the sector spent and invested £5.3bn more than […]

Shell Replaced Only 26% Of Its Produced Reserves In 2014

From an article by Zoltan Ban published 23 Feb 2015 by Seeking Alpha under the headline: Shell Replaced Only 26% Of Its Produced Reserves In 2014 Summary Shell replaced only 26% of its produced reserves in 2014. The three year average rate of reserve replacement is 67%. Even with potential for growth in the downstream, […]

Groups derail Shell refinery plan

Article by Gary Chittim published 23 February 23, 2015 by King5.com under the headline: Groups derail Shell refinery plan Seattle – Six environmental groups successfully challenged approval for a rail expansion that would bring oil trains directly to the Shell Oil Refinery in Anacortes. The project was initially moved along by Skagit County through a […]

Why Shell Withdrew Application For Pierre River Oil Sands Project

By: MICHEAL KAUFMAN Published: Feb 24, 2015 at 7:48 am EST Royal Dutch Shell plc (ADR) (NYSE:RDS.A) indicated on Monday that it has withdrawn the application to develop Pierre River Oil Sands in northern Alberta. The oil sands mine was first proposed by Shell Canada in 2007. The Pierre River oil sands are estimated to […]

Shell Canada withdraws oilsands mine application as a cost-cutting measure

By Dan Healing of the Calgary Herald Extracts The Pierre River oilsands mine proposed by Shell Canada in 2007, split out of a joint application in 2009 and delayed indefinitely last year has been withdrawn entirely from the regulatory approval process. “The Pierre River mine remains a very long-term opportunity for us but it’s not currently […]

USW Negotiations with Royal Dutch Shell deadlocked

By: MICHEAL KAUFMAN Published: Feb 23, 2015 at 1:28 pm EST Tensions between Royal Dutch Shell plc (ADR) (NYSE:RDS.A) and the United Steelworkers (USW) union rise as more union workers have walked out of three additional US refineries. The latest negotiations between Shell and USW took place on February 20. However, no agreement between the […]

Ogoni People Reject Belema Oil, Express Fear of State Repression

“We urge the government of Nigeria and the Shell Petroleum Company to clearly understand that the Ogoni problem is like an open wound, the issues have to be resolved and no amount of coercion, blackmail, backdoor conspiracy will subject the people to give up on this very costly struggle for survival.” 22 Feb 2015 An […]

New safety rules for offshore Arctic drilling proposed to avoid repeat of Shell disaster

New safety rules for offshore Arctic drilling proposed to avoid repeat of Shell disaster US officials want to make sure companies can handle a blow-out in remote and icy conditions – without inflicting an environmental disaster Suzanne Goldenberg in Washington The Obama administration proposed new rules for Arctic oil drilling on Friday in an attempt […]

BP loses bid to cut maximum $13.7 billion Gulf spill fine

BY JONATHAN STEMPEL Thu Feb 19, 2015 9:04pm EST (Reuters) – A U.S. judge on Thursday rejected BP Plc’s (BP.L) attempt to reduce the maximum civil fine it could face for its role in the 2010 Gulf of Mexico oil spill, leaving it potentially liable to pay $13.7 billion under the federal Clean Water Act. […]

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