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Posts Tagged ‘Oil’

Shell to Cut 6,500 Jobs, Reduce Investment by $7 Billion

By Rakteem Katakey: July 30, 2015″ BLOOMBERG.COM Royal Dutch Shell Plc, the oil producer buying BG Group Plc for more than $70 billion, said it plans to cut 6,500 jobs this year and reduce capital investment by $7 billion. Shell is planning for a “prolonged downturn,” the company said Thursday in a statement. Its dividend commitment […]

Protesters in Portland dangle from bridge in a bid to block Shell icebreaker

In Portland, environmental activists test out a new tactic: Climbers have rappelled off a bridge to block a Shell icebreaker. By Evan Bush and Hal Bernton: July 29, 2015  Trying to delay Shell’s Arctic ice-breaking ship in Portland, 13 protesters are dangling from the St. Johns Bridge, which spans the Willamette River. The protesters rappelled from the bridge at […]

Activists hang from bridge in Portland to block Shell’s Arctic vessel

Greenpeace climbers plan to spend days hanging from the bridge in Portland, Oregon in an attempt to hinder Shell’s Arctic oil drilling plans read moreLike this:Like Loading…

More and bigger drilling-linked earthquakes rattle Oklahoma

By Heide Brandes: 28 July 2015 OKLAHOMA CITY (Reuters) – Several earthquakes shook Oklahoma on Monday as the state experiences a sharp increase in the frequency of tremors linked to wastewater disposal from gas and oil drilling, including from fracking, state and federal officials said. Three of Monday’s quakes measured above a magnitude 4.0, with […]

Senate bill would give oil companies a decade more to drill in Arctic leases

By Jennifer A. Dlouhy: July 27, 2015 WASHINGTON – Shell and other oil companies with leases in U.S. Arctic waters could get an extra 10 years to develop them under a proposal advancing in the Senate. Sen. Lisa Murkowski, R-Alaska, embedded the Arctic lease provisions in a broader bill that also would lift the U.S. crude […]

Iran releases list of oil money debtors

The oil major Royal Dutch Shell owes Tehran $2.8 billion while it made a net loss of $6 million trading Iranian oil in 2012. TEHRAN, Jul. 26 (MNA) – Iran’s Central Bank and National Oil Company released the list of companies and refineries owing oil dues to Iran. During the period US and European sanctions […]

Shell gets permits necessary for limited oil exploratory drilling off Alaska’s northwest coast

Associated Press: July 22, 2015 | 4:29 p.m. EDT WASHINGTON (AP) — The Obama administration has given Royal Dutch Shell PLC approval to begin limited exploratory oil drilling off Alaska’s northwest coast. The two permits issued Wednesday clear the way for drilling in Chukchi Sea, but with conditions. Shell can only drill the top sections of […]

FT: Royal Dutch Shell taken down a notch by S&P

The inability of oil prices to push on from the high for the year reached in early May has caught up with Royal Dutch Shell. That’s the view of credit rating agency Standard & Poor’s, which on Tuesday cut its rating on the Anglo-Dutch oil major’s long-term credit rating to ‘AA-‘ from ‘AA’. FULL ARTICLE […]

Dear Mr. President: Prove Your Climate Rhetoric and Stop Arctic Drilling

  Miyoko Sakashita: Oceans Director, Center for Biological Diversity: 21 July 2015 Dear Mr. President: I’ve often been struck by your soaring rhetoric on combating climate change, transitioning to clean energy sources, and protecting the natural environment. Clearly on some level you get it, as you’ve demonstrated in speech after speech. That’s why I don’t understand […]

FT: Shell Expected to Reduce Capex for the Year

by  Reuters| Monday, July 20, 2015 (Reuters) – Royal Dutch Shell, which is all set to acquire rival BG Group Plc, may cut its capital expenditure for the year by several billion dollars from the previously announced $33 billion figure, the Financial Times reported on Sunday, citing sources. A substantial cut to this year’s capital investment […]

Shell’s Arctic drilling efforts come under fire in Unalaska

Jim Paulin: Dutch Harbor Fisherman: July 19, 2015 Shell came under criticism at a meeting in Unalaska last week from an unlikely pair, a representative of Greenpeace concerned about global environmental impacts and city official — and pro-developoment booster — Frank Kelty, complaining about local impacts brought by the influx of oil company workers filling up the […]

Cold receptions for Shell in Lower 48 ports mean opportunity for Alaska

Frank Murkowski: July 19, 2015 A dynamic event is underway in Arctic Alaska today: one that, if successful, could have a profound effect on our state’s economy. Shell Alaska is preparing to drill for oil this summer in Alaska’s offshore continental shelf. To date, Shell has expended over $7 billion in gearing up for their effort. […]

Why Shell had the worst week ever

By Tony Dokoupil: 19 July 2015 This should have been one of Shell’s best weeks ever. Instead, it shaped up like the corporate equivalent of “The Hangover Part III.” And a happy ending is nowhere in sight.  This was supposed to be seven-day stretch of toothy smiles, hearty back-slaps and healthy runs on the company’s stock […]

Bozeman’s Arctic Ocean Day of Action protests drilling in Arctic

BY LEWIS KENDALL Chronicle Staff Writer Paddling protesters took to local waters Saturday in an effort to protect the remote seas of the Arctic. A handful of activists floated in kayaks on Hyalite Reservoir holding signs that read “Shell No” — a reference to oil and gas company Royal Dutch Shell, which, after receiving the federal […]

Shell-contracted drillship begins final Arctic journey

Jul 17 2015, 16:39 ET | By: Carl Surran, SA News Editor Royal Dutch Shell (RDS.A, RDS.B) still does not have the final permits it needs to begin boring an exploratory oil well in the Chukchi Sea north of Alaska, but today’s sendoff of the Noble Discoverer drilling rig suggests the company’s confidence that those […]

Environmentalists insist feds must block Shell’s Arctic drilling while icebreaker is away

By Jennifer A. Dlouhy: 15 July 2015 WASHINGTON — The Obama administration cannot allow Shell to launch exploratory oil drilling in the Arctic Ocean — even initial site preparation — without the company’s two contracted icebreakers on site, environmentalists argue. One of those icebreakers, the MSV Fennica, is headed to Oregon for repairs after its […]

We are engaged, Shell says after Iranian deal

“Shell continues to comply with all relevant international sanctions” By Daniel J. Graeber DUBAI, United Arab Emirates, July 14 (UPI) — With a nuclear deal in hand, Royal Dutch Shell said Tuesday it’s exploring the “immediate and long-term” implication of an opening Iranian oil door. Representatives from the five permanent members of the U.N. Security […]

Here’s How Shell Can Restart Its Tar Sands Projects In Canada

By: MICHEAL KAUFMAN Exploring for new oil has now become a difficult task for the oil majors. Oil and gas are now mostly situated in the deep-waters, Canadian tar sands and the Arctic waters where the cost of exploration and production is very high. These high costs coupled with the lower crude oil prices make […]

Shell’s damaged Arctic drilling support vessel will go to Oregon for repair

Shell’s damaged Arctic drilling support vessel will go to Oregon for repair Dan Joling | Associated Press: July 13, 2015 Shell oil company will send a damaged ship carrying equipment required for Arctic offshore oil drilling from Alaska back to the West Coast for repairs. Royal Dutch Shell PLC ‘s drilling schedule for two exploratory wells […]

Stand down, Greenpeace; Shell can sabotage Arctic drilling just fine on its own

The most powerful argument against Shell in the Arctic is Shell in the Arctic. Shannyn Moore: July 11, 2015 Shell Oil is going to save the Arctic from oil drilling. That’s not to dismiss the efforts of environmental activists organizing “Shell No” gatherings or chaining themselves to a drilling rig to protest Arctic oil exploration. I […]

Celebrities get shirty to freeze Shell out of Arctic

Article published by The Sunday Times Extract from article by Gareth Rubin Published 12 July 2015 DAME Judi Dench, George Clooney, Kate Moss and Peter Capaldi are among 60 celebrities lending their faces to a campaign to shame Shell over its plans to drill for oil in the Arctic. They have been photographed in a T-shirt […]

Approval requested for repairs to icebreaker in Shell’s Arctic quest

By Jennifer A. Dlouhy: 9 July 2015 WASHINGTON – Shell is making plans to repair an icebreaker that plays a pivotal role in its Arctic drilling program, even as clues emerged Thursday about what might have torn a meter-long gash in the vessel. Arctia Offshore, the owner of the Shell-contracted MSV Fennica, has asked the […]

Shell U.S. Unit May Drop ‘Oil’ From Name in Sign of Times

by Gerrit De Vynck: 9 July 2015 The U.S. unit of Royal Dutch Shell Plc may soon drop the word “oil” from its name in a move that would symbolize its transition to other sources of energy, an executive said. With Shell Oil Co.’s parent focusing more on natural gas and looking at other energy […]

City manager says repairs underway on vessel

City manager says repairs underway on vessel BY TIM BRADNER, ALASKA JOURNAL OF COMMERCE Shell is being cautious on whether damage to an ice-handling vessel near Dutch Harbor will affect the company’s 2015 Chukchi Sea exploration. The 380-foot Fennica hit a submerged object, possibly World War II debris, while departing July 3 and was returned […]

Shell’s ice management vessel damaged in Alaska

Wed Jul 8, 2015 12:46am IST Royal Dutch Shell Plc’s icebreaker vessel Fennica returned to the Dutch Harbor in Alaska with a small breech in the hull, raising concerns about the company’s plan to resume drilling in the Arctic later this month. Shell said in June it plans to restart drilling for oil in the […]

Not Deterred By Huge Risks, Shell Opts For Megaprojects

It is curious then that Royal Dutch Shell is not ready to give up on the huge complex oil project. It is only a few weeks away from starting to drill in the Chukchi Sea, a campaign that has cost the company somewhere in the neighborhood of $7 billion so far, with very little results […]

Shell Kicks off Grassroots Campaign against Crude Oil Theft in Ogoniland

6 July 2015 The Shell Petroleum Development Company of Nigeria Limited (SPDC) has kicked off the second phase of its grassroots campaign against crude oil theft and illegal oil refining activities in Ogoni land, Rivers State. The first phase of the campaign in 2014 reached over 7,000 community people from Eleme, Gokana, Khana, and Tai […]

Shell Arctic oil drilling to commence within weeks

…if the initial wells do not find oil, Shell will contemplate walking away from the region entirely. By Richard Anderson: Business reporter, BBC News: 3 July 2015 Oil and gas giant Shell is expected to begin drilling for oil in the Arctic within the next two weeks. Thirty ships left Dutch Harbor in Alaska on Thursday […]

BP has finally settled Deepwater Horizon Case

Shares in oil giant BP climb on news it has finally settled long-running US court case over Deepwater Horizon explosion and oil spill Dudley dismissed market talk of a takeover of BP and said BP is ‘neither prey nor predator’. A clause in the settlement with the US means that if BP were sold to another […]

BP Pays Record $18.7 Billion to Settle Claims in Gulf Oil Spill

By Margaret Cronin Fisk, Laurel Brubaker Calkins and Del Quentin Wilber: July 2, 2015 1:13 PM BST BP Plc will pay a record $18.7 billion to resolve claims by the U.S. and five states along the Gulf of Mexico related to the 2010 oil spill. The payments will be spaced out over as long as […]

Obama administration delivers big blow to Shell’s Arctic drilling plans

Obama administration delivers big blow to Shell’s Arctic drilling plans By Jennifer A. Dlouhy WASHINGTON — The Obama administration delivered a major blow to Shell’s Arctic drilling plans on Tuesday, by ruling that wildlife protections bar the company from simultaneously boring two wells into the Chukchi Sea this summer. The decision will force Shell to […]

Shell goes ahead with giant Gulf of Mexico field after cost cuts

Shell goes ahead with giant Gulf of Mexico field after cost cuts Markets | Wed Jul 1, 2015 * Appomattox project set to start production by end of decade * Will be Shell’s largest platform in the region (Adds details, quotes, share price) By Ron Bousso LONDON, July 1 (Reuters) – Royal Dutch Shell has […]

Shell’s Arctic oil drilling plans hit by polar bears and walruses

Shell’s Arctic oil drilling plans hit by polar bears and walruses By Reuters: 12:32AM BST 01 July 2015 The Obama administration has dealt a setback to Royal Dutch Shell’s Arctic oil exploration plans, saying established walrus and polar bear protections prevent the company from drilling with two rigs simultaneously at a close range, as it had […]

Arctic oil rig departs Seattle-area port despite protest

Arctic oil rig departs Seattle-area port despite protest Tue Jun 30, 2015 1:33pm EDT (Reuters) – U.S. Coast Guard and police boats cleared a way through protesters in kayaks at a Seattle-area port on Tuesday so a drilling ship could head for the Arctic on behalf of Royal Dutch Shell. The Noble Discover is the […]

Shell oil rig leaves Everett, kayaking protesters detained

Shell oil rig leaves Everett, kayaking protesters detained By Jennifer Sullivan: Seattle Times staff reporter: 30 June 2015 An oil-drilling rig that was protested by activists in kayaks pulled out of Everett early Tuesday morning, and some of the kayakers were detained by the Coast Guard. Shell’s Noble Discoverer will join the Polar Pioneer to sink […]

U.S. activists to protest against Shell Arctic oil rig

U.S. activists to protest against Shell Arctic oil rig SEATTLE: 30 June 2015 U.S. environmental activists said they planned to protest on Tuesday against the launch of the second of two oil rigs central to Shell’s plans to drill for oil in the Arctic. The Washington state activists, who have staged frequent demonstrations over the […]

Shell says could begin Arctic oil exploration off Alaska in late July

Shell says could begin Arctic oil exploration off Alaska in late July SEATTLE/WASHINGTON | BY ERIC M. JOHNSON AND TIMOTHY GARDNER: Mon Jun 29, 2015 Royal Dutch Shell could begin drilling for oil in the Arctic off Alaska as early as the third week in July, when it expects sea ice to begin clearing, a […]

Sea ice could keep Shell away from the Arctic until mid July

Sea ice could keep Shell away from the Arctic until mid July Posted on June 29, 2015 | By Jennifer A. Dlouhy WASHINGTON — Thick sea ice could clog the site of Shell’s planned oil wells in the Arctic Ocean until late July, potentially shaving a week off the company’s already narrow window for exploratory […]

EFCC quizzes former minister, Etete, over alleged oil deal

EFCC quizzes former minister, Etete, over OPL 245 oil deal By Abosede Musari, Abuja on June 29, 2015 FORMER Minister of Petroleum, Dan Etete, was yesterday quizzed by the Economic and Financial Crimes Commission (EFCC) in continuation of an investigation that had been stalled for several years. A source told The Guardian that the former […]

Polar Pioneer arrives in Dutch Harbor for Chukchi Sea drilling

By Chris Klint, Senior Digital Producer, [email protected]; June 28, 2015 The first of two drilling rigs, scheduled to conduct exploratory drilling for Shell in the Chukchi Sea this summer, has arrived in the Aleutian Islands port of Dutch Harbor this weekend. The federal government has given Transocean’s Polar Pioneer, contracted by Shell, a green light to […]