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Posts Tagged ‘Oil’

By Charles Mandel | November 25th 2015 A handful of protesters from Sum of Us, Greenpeace, the Ecology Action and the Clean Ocean Action Committee delivered a massive 233,000-signature petition to the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) opposing what they said were extremely lax safety standards around Shell’s drilling program. Currently, if a subsea oil […]

Shell’s £22,500 fine for North Sea oil spill slammed as ‘paltry’ by campaigners

The World Wildlife Fund warned the size of the fine would ‘do little to deter future poor behaviour’ Shell apologised for the lack of information and said it was not a deliberate attempt to cover up the spill.  Adam Barnett: 24 November 2015 A £22,500 fine imposed on the energy giant Shell as punishment for […]

Shell fined by Scottish court for 2011 North Sea oil spill

“Despite being responsible for the worst North Sea spill in a decade, the level of the fine is literally a drop in the ocean when compared to the billions earned by Shell annually…” LONDON: Business News | Tue Nov 24, 2015 2:42pm GMT Oil major Royal Dutch Shell (RDSa.L) was handed a 22,500 pound fine […]

Shell handed £22,500 fine over August 2011 North Sea oil spill

November 24, 2015 12:30 pm The company carried out a review of its North Sea pipeline system following the leak, which came from a subsea pipeline in the Gannet field in August 2011. More than 200 tonnes of oil – about 1,300 barrels – entered the North Sea from the pipe about 112 miles east […]

Shell charged over Gannet Alpha leak in 2011

Friday 20 November 2015 Oil giant Shell has been charged after an investigation into a leak at a North Sea platform in 2011, the BBC Scotland news website has learned. It involved the Gannet Alpha platform, 113 miles (180km) from Aberdeen. It was reported that the pipeline leaked more than 200 tonnes of oil. The […]

Shell finds 100 million oil barrels in deep-water Gulf discovery

Posted on November 18, 2015 | By Collin Eaton HOUSTON — Probing one of its recent discoveries in deep waters of the Gulf of Mexico, Royal Dutch Shell found 100 million barrels of oil equivalent buried at its Kaikias field, nearby three of its massive production facilities and a network of subsea pipes, the company […]

Shell affiliates are buyers, sellers in $390 million midstream transaction

Posted on November 11, 2015 | By Joshua Cain A pipeline subsidiary of Royal Dutch Shell has sold a crude terminal in Illinois and a pipeline system in the Gulf of Mexico for $390 million to a master limited partnership affiliated with Shell. Shell Midstream Partners, the Houston-based MLP that Shell formed in 2014, said on Wednesday […]

Shell must pay full cost of Saro-Wiwa’s murder, polluting Ogoniland, activists demand

November 11, 2015: Ben Ezeamalu A coalition of civil societies have demanded that Shell be made to pay “the full cost” for the murder of the Ogoni playwright and activist, Ken Saro-Wiwa, and eight others and the pollution of Ogoniland. At a joint press conference in Port Harcourt, Tuesday, the Social Action, Ogoni Solidarity Forum, Movement […]

Ken Saro-Wiwa’s widow talks about execution 20 years on

By Yvonne Ndege | Al Jazeera  A memorial march is due to be held in Nigeria for a champion of the environment who confronted one of the world’s biggest oil companies – and was then hanged. It is the 20th anniversary of the execution of Ken Saro Wiwa, who campaigned against oil pollution in the […]

Oklahoma world’s No. 1 earthquake area

…it’s an oil and gas issue as well… Jessica Miller | Enid News & Eagle | Posted: Tuesday, November 10, 2015 ENID, Okla. — Oklahoma is now the No. 1 earthquake area in the world, an Oklahoma Corporation Commission spokesman said Monday. Spokesman Matt Skinner said the state is unique in terms of frequency. “We […]

Nigerian Probes Uncover $12bn Oil Fraud

In 2012, the Senate investigated the contentious Malabu Oil Field transaction. The Upper House re-opened investigation into an allegation of $1.1 billion round-tripping involving the federal government and two international oil companies – Shell and Eni (Agip) – over the sale of a contentious OPL 245 oil block. BY EDEGBE ODEMWINGIE AND BODE GBADEBO: Nov 10, […]

Shell haunted by Ken Saro Wiwa legacy as Niger Delta communities demand justice

10 November 2015 Today marks the 20th anniversary of the execution of Ken Saro Wiwa and eight other Ogoni leaders, hanged by the Nigerian state after they spoke out against the government and campaigned against Shell’s operations in Nigeria’s Ogoniland. Their executions sparked a global outcry. It’s a fitting moment to take stock of the […]

Anger over enduring ‘environmental horror’ in oil-rich, polluted Niger delta

Activists in Port Harcourt, Nigeria protest to demand that Shell pay reparations and clean up its oil spills. © Amnesty International John Vidal read more

Protest threatened over memorial 20 years after Ken Saro-Wiwa execution

Twenty years after ‘judicial murder’, Nigeria’s Ogoni people highlight international storm over oil spillage pollution John Vidal: Saturday 7 November 2015 Leaders of Nigeria’s Ogoni people have threatened to disrupt the country’s oil industry if the government does not release a British artwork commemorating the 20th anniversary of the execution of the writer Ken Saro-Wiwa. […]

DAVID HOWELL, EDMONTON JOURNAL: November 6, 2015 Fort Saskatchewan — Shell and its partners Friday opened the $1.35-billion Quest carbon capture and storage project. It is designed to capture and store more than one million tonnes of carbon-dioxide emissions a year from the bitumen upgrader at Scotford. Built with financial help from the Alberta and federal governments, Quest is the world’s first […]

Exxon Inquiry Both Mirrors and Contrasts With Tobacco Industry Case

By JOHN SCHWARTZ: NOV. 6, 2015 The New York attorney general’s decision to investigate Exxon Mobil over whether the company lied to the public and investors about the risks of climate change has raised questions about possible similarities to the Justice Department’s successful suit against the tobacco industry in 1997. The new case has reprised the […]

Citing Climate Change, Obama Rejects Construction of Keystone XL Oil Pipeline

“President Obama is the first world leader to reject a project because of its effect on the climate,” said Bill McKibben, founder of the activist group, which led the campaign against the pipeline. “That gives him new stature as an environmental leader, and it eloquently confirms the five years and millions of hours of […]

How a poor Nigerian town got Shell to pay for major oil spills

JESSE WINTER: November 6, 2015 For decades, poor residents of the oil-rich Niger Delta have fought the pollution of their lands with little success. Now, writes Jesse Winter, a town ravaged by oil spills has changed the game with a historic court victory against Shell. The Yamaha outboard coughs indignantly but refuses to catch. John Agava […]

Shell Canada says Keystone XL was already in uncertainty window

Shell Canada says Keystone XL was already in uncertainty window CALGARY: Fri Nov 6, 2015 Royal Dutch Shell PLc said on Friday there are at least three other possible pipeline alternatives to TransCanada Corp’s Keystone XL project, which was rejected by U.S. President Barack Obama, and Shell would like to see at least one approved. […]

Shell Canada and Nova Scotia petroleum board quizzed on oil spill risks

Shell Canada and Nova Scotia petroleum board quizzed on oil spill risks By Jennifer Henderson, CBC News: 5 Nov 2015 Executives from Shell Canada and Nova Scotia’s Offshore Petroleum Board were quizzed this week by the legislature’s resource committee on the oil company’s plans in the event of a blowout at an offshore drilling site near Shelburne.  […]

Shell describes Arctic drilling project as a good prospect that just didn’t work out

Associated Press: Nov. 3, 2015 LONDON (AP) — Royal Dutch Shell CEO Ben van Beurden says the company will reflect on its decision to consider drilling off the coast of Alaska but voiced his regret that the prospect couldn’t be made to work out. Van Beurden told reporters Tuesday as Shell updated its strategy that it […]

Niger Delta: Shell’s manifestly false claims about oil pollution exposed, again

3 November 2015, 00:08 UTC Claims by oil giant Shell that it has cleaned up heavily polluted areas of the Niger Delta are blatantly false, Amnesty International and the Centre for Environment, Human Rights and Development (CEHRD) said in a new report published today. Clean it up: Shell’s false claims about oil spills in the […]

Shell Fails to Clean Four Nigeria Oil Spill Sites, Amnesty Says

Abandoned fishing boats in Ogoniland Photographer: Pius Utomi Ekpei/AFP via Getty Images Chris Kay: November 3, 2015: Nigerian regulator incorrectly said spill sites clean Shell says oil theft, illegal refining a persistent challenge Royal Dutch Shell Plc has failed to clean up four oil-spill sites in the crude-producing Niger River delta, three of which an under-resourced […]

Amnesty report accuses Shell of failing to clean up Niger delta oil spills

John Vidal: Tuesday 3 November 2015 00.01 GMT read more

North Sea gas leak ‘could have caused explosion’ says safety watchdog

By Chris Foote: 2 November 2015 Oil giant Shell has been ordered to make improvements following an undersea gas leak which could have caused an offshore explosion. The leak happened when a ship’s towline snagged on a pipeline nearly 300ft below the Curlew floating production vessel. The pipe ruptured and gas from the Fulmar Gas Line […]

Kola Aluko reveals why he paid rent for ex-minister’s mother

Alison-Madueke was detained in London on October 2, 2015, by the United Kingdom’s National Crime Agency (NCA) over allegations that she laundered billions of dollars from her country’s treasury. Nigerian oil tycoon, Kola Aluko has admitted paying rent for Mrs Beatrice Agama, the mother of former Petroleum Minister, Diezani Alison-Madueke. Alison-Madueke was detained in London […]

Fugitive Oil Tycoon Kola Aluko Admits Paying UK Rent For Alison-Madueke’s Mother

BY SAHARAREPORTERS, NEW YORK: NOV 01, 2015 Kola Aluko, a Nigerian oil magnate now wanted in the UK for money laundering, has admitted that he paid rent for a high-end apartment for the mother of a former minister of Petroleum Resources, Diezani Alison-Madueke. Mr. Aluko told the British Sunday Times newspaper that he was responsible for […]

Oil tycoon faces quiz over lost billions

Article involving Diezani Alison-Madueke, former executive director of Shell in Nigeria read more

Shell’s Loss: Oil Prices Aren’t the Only Problem

There is blood in the water at Royal Dutch Shell By HELEN THOMAS: Oct. 29, 2015  There is blood in the water at Royal Dutch Shell. The wound will take some time to heal. The U.K. oil and gas company Thursday posted a huge third-quarter loss, dragged down by impairments of $8.2 billion in its upstream business. […]

In defence of Shell CEO Ben van Beurden

By a regular contributor Only one member of the EC is directly involved in North American activities, Marvin Odum.  Perhaps worth noting is that investment decisions on the scale of the recent Shell write-offs would have required approval by the entire EC in the Hague long before BvB was around. Few of the EC members […]

Even as it walks away from Arctic drilling, Shell keeps door open for future work

Posted on October 29, 2015 | By Jennifer A. Dlouhy WASHINGTON — Shell is walking away from oil exploration in Arctic waters north of Alaska, but it isn’t ready to close the door completely. Disappointing results from a critical test well at the company’s Burger prospect in the Chukchi Sea, combined with the high costs […]

Royal Dutch Shell’s share price tumbles as group posts dramatic loss as falling oil prices take toll

by Catherine Neilan: 29 Oct 2015 Royal Dutch Shell’s share price tumbled this morning after it revealed a third quarter loss of $7.4bn (£4.8bn) as the company gets to grips with the falling oil price.  The figures The Anglo-Dutch oil giant posted its dramatic loss on the back of nearly $8bn-worth of exceptional items. Adjusted net income […]

Low Oil Prices Take a Toll on Royal Dutch Shell in Quarter

By STANLEY REED: OCT. 29, 2015 LONDON — Lower petroleum prices took a big toll on Royal Dutch Shell in the third quarter. The company reported a loss of $7.4 billion, compared with a profit of $4.5 billion in the quarter a year earlier. Adjusted for inventory changes and one-time items — a more closely watched […]

Shell halts construction on new Alberta oil sands project

CALGARY, ALBERTA: Tue Oct 27, 2015 Royal Dutch Shell Plc will not continue construction of its 80,000 barrel per day Carmon Creek thermal oil sands project in northern Alberta because of the lack of infrastructure to move Canadian crude to market, the company said on Tuesday. Shell said the decision to halt the project was […]

Profit Down at BP, Which Predicts Era of Low Oil Prices

By STANLEY REED: OCT. 27, 2015 LONDON — The British oil giant BP said on Tuesday that its profit was down sharply in the third quarter as depressed oil prices took a heavy toll. The company, saying it expects prices to stay low for years, indicated that it would continue to cut costs and limit its […]

Shell upstream boss says UK sector still in ‘dark ages’ on collaboration

Written by Phil Allan – 27/10/2015 11:28 am The boss of Shell’s UK upstream business said the oil and gas industry was still in the “dark ages” when it came to collaboration. Paul Goodfellow said companies working in the North Sea need to learn from other industries on how to work together. The Shell boss […]

Oil profits set to plummet by billions: BP and Shell hit as prices plunge and exploration venture collapses

Photo Credit: Dark days: The price of a barrel of Brent crude has plunged from more than $100 a barrel in the summer of last year to $48 a barrel today By JON REES, FINANCIAL MAIL ON SUNDAY: 24 October 2015 BP and Shell will this week report billions of pounds wiped off their profits as […]

Transocean, Shell delay delivery of two new drillships

By Rhiannon Meyers: October 26, 2015 Transocean and Royal Dutch Shell struck an agreement to delay the delivery of two new ultradeep-water drillships as the offshore drilling industry cools amid a global downturn in oil prices. The Swiss-based offshore drilling contractor announced early Monday that it would push back the operating and delivery contracts of the […]

Cash Crunch Clouds Future for Oil Firms

By SARAH KENT and JUSTIN SCHECK: Oct. 25, 2015  At Shell, Chief Executive Ben van Beurden has said he was “pulling out all the stops” to protect the dividend. At the same time, he has flagged the potential for even deeper cuts at his company, based in The Hague. “I think in the end, the success […]

BP and Shell profits poised to fall by half

Terry Macalister Energy editor: 25 October 2015 EXTRACTS BP and Shell are set to unveil a drop of more than half in their third-quarter profits this week, raising new questions about their ability to retain dividends and avoid further job losses. Shell has recently carried out its own cost reductions by trimming jobs in Aberdeen and […]

Oil Spill: Ilaje Coastal Communities Demand Compensation from Shell

22 October 2015 The Ilaje coastal communities in Ondo state have alleged that oil giant, Shell Petroleum Development Company (SPDC) allegedly excluded them from the ongoing discussions and compensation agreement it reached with the communities that were affected in the oil spill from the Bonga oil field in 2011. They have therefore appealed to President, […]

Concern over Shell drilling for oil off Nova Scotia

By Christopher Ives: 21 October 2015 Today’s announcement from CNSOPB really surprised me. Tuesday, 10/20/2015 – Canada-Nova Scotia Offshore Petroleum Board Issues Shell Canada Operations Authorization – Drilling The 2nd sentence of their 5th paragraph states “The granting of an Operations Authorization does not authorize the use of dispersants in case of a spill.” Wow. […]

Big Oil Is a Buy as Cutbacks Pave Way for Recovery

by Rakteem Katakey and Angelina Rascouet: Oct 20, 2015 Shell has highest percentage of buy ratings in three years Third-quarter earnings seen marking low point before rebound Energy companies are finally starting to come back into favor. After enduring the longest oil-price collapse in more than a decade, crashing profits and an investor exodus, Europe’s biggest producers are […]

South Africa: Shell Gets Nod to Drill Wells in SA’s Orange Basin

By Siseko Njobeni: 19 October 2015 The Department of Environmental Affairs has issued an environmental authorisation for Shell South Africa Upstream B V’s proposed exploration drilling in the Orange Basin Deep Water Licence Area, off South Africa’s west coast. This gives Shell permission to drill up to two offshore exploration wells in the northern portion […]

US Follows Royal Dutch Shell plc Backs Away From Arctic Drilling

By: Micheal Kaufman: Oct 19, 2015 The US Interior Department announced on Friday that it will cancel the auction of 2016 and 2017 natural gas and offshore oil leases in the Arctic Ocean. The auction was scheduled under the Department’s current five-year Chukchi Sea leasing program for 2012–2017. The division cited low crude oil prices and […]

Interior: No more new Arctic oil leases for remainder of Obama’s presidency

Interior: No more new Arctic oil leases for remainder of Obama’s presidency Gregory Korte, USA TODAY: Oct 16, 2015 WASHINGTON — The Obama administration is canceling its plans to sell oil drilling rights in the Arctic Sea through 2017, a remarkable turnaround since expanding drilling by approving new drilling permits for Shell Oil earlier this year. […]

Saudi Arabia’s Oil War With Russia

By Leonid Bershidsky: Oct 16, 2015 As President Vladimir Putin tries to restore Russia as a major player in the Middle East, Saudi Arabia is starting to attack on Russia’s traditional stomping ground by supplying lower-priced crude oil to Poland. At a recent investment forum, Igor Sechin, chief executive of Rosneft, Russia’s biggest oil company, […]

U.S. Cancels Remaining Arctic Oil Lease Sales Under Obama

Brian Wingfield and Joe Carroll: BLOOMBERG.COM: 17 October 2015 The U.S. Interior Department effectively halted drilling off Alaska’s coast for the remainder of President Barack Obama’s term by canceling two sales of Arctic oil and gas leases. The decision comes less than a month after Royal Dutch Shell Plc said it would indefinitely cease exploration […]

Nigeria President Escalates Campaign to Stem Corruption

In recent days, the campaign escalated with the arrest of two high-profile figures: Diezani Alison-Madueke, the former oil minister whose five-year tenure was marred by recurring accusations of widespread theft; and Olajide Omokore, the chairman of a Nigerian oil company. Both were held as part of inquiries into corruption and money laundering. By NORIMITSU ONISHI: OCT. […]

US curbs Arctic offshore oil and gas drilling

The US government has announced new curbs on oil and gas exploration in Arctic waters off Alaska’s northern coast. It comes after oil giant Royal Dutch Shell last month stopped its Arctic activity citing “disappointing” tests. The US interior department said it was cancelling two potential Arctic offshore lease sales and would not extend current […]