News and information on Royal Dutch Shell Plc.
CALGARY, Alberta, July 8 (Reuters) – Royal Dutch Shell Plc (RDSa.L:Quote, Profile, Research) has canceled plans to build a new multibillion-dollar refinery near Sarnia, Ontario, due to poor market conditions and surging costs, the oil major said on Tuesday.
Click to continue reading “UPDATE 1-Shell scraps plans for new Canadian refinery”
Shell is still evaluating options and the timing for future phases of its Athabasca oil sands project, which now produces 155,000 barrels a day.
The company and its partners have proposed boosting oil sands output to 770,000 barrels a day over the next several years, and two years ago announced plans for an upgrading plant to be built in four 100,000-barrel-a-day stages.
“There’s a range of options being looked at. One potential outcome is that all that upgrading’s done in Alberta,” David Collyer, Shell’s country chair for Canada, told reporters.
“Another option, I suppose at the other extreme, is that none of it happens in Alberta and all of it happens in the U.S.”
Shell may also decide on a combination of the two for upgrading, in which the extra-heavy crude from the oil sands is processed into lighter, synthetic oil that can be used by refineries to make gasoline and other petroleum products.
Shell and its partners, Chevron Corp (CVX.N: Quote, Profile, Research,Stock Buzz) and Marathon Oil Corp (MRO.N: Quote, Profile, Research,Stock Buzz), upgrade the crude from the northern Alberta mining project at the Scotford plant near Edmonton.
A C$12.8 billion expansion of that facility will boost output by 100,000 barrels a day around the end of this decade.
U.S. refineries, such as the 158,000-barrel-a-day plant at Martinez, California, and 332,000-bpd Deer Park, Texas, facility would have to be retooled to run the Canadian bitumen, Collyer said.
Various companies have proposed pipeline projects that would boost Canadian producers’ ability to ship crude to those markets, but Shell has not aligned itself with any of them, he said.
“These are complicated decisions that end up being influenced by cost — the cost of construction of new facilities in the different markets, the cost of transportation, what the markets look like,” he said. “There are myriad factors that enter into this and we’re not at the point where we’re ready to make that decision.” (Reporting by Jeffrey Jones; Editing by Bernadette Baum)
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http://www.reuters.com/article/marketsNews/idUSN0829125020080708?sp=true
Despite “unprecedented” community and government support, Shell Canada has announced it will not proceed with its refinery project in St. Clair Township.
Click to continue reading “Shell Canada announces refinery project dead”
Major disappointment for Sarnia Lambton Tuesday. Shell is abandoning plans for a multi billion dollar heavy oil refinery in St Clair Township.
Click to continue reading “Shell Sarnia Refinery Project Halted”
Royal Dutch Shell Plc (RDSA) is receiving Mexican crude oil at or above levels stipulated in its contract with Petroleos Mexicanos, or Pemex, at its Deer Park, Texas, refinery, Shell said in an email Monday. Shell spokesman Destin Singleton said the refinery also receives crude from other sources.
Click to continue reading “Shell, Valero Unfazed So Far By Mexico Oil Export Slump”
Shell Canada spokesperson Heather Cooper said it is far too early to predict whether the ban would impact the proposed refinery, which will process heavy crude from Alberta’s oil sands.
Click to continue reading “Refinery backers downplay impact of U.S. mayors”
Other looming issues include:
• Shell Canada’s plans for a heavy-oil refinery near Sarnia that could produce 150,000 to 200,000 barrels per day of gasoline, diesel and jet fuel.
Click to continue reading “Canada, U.S. increasingly at odds over pollution issues”
Some critics say that despite reaping record profits from high oil prices, refiners are not investing enough in keeping their facilities safe.
HOUSTON (Reuters) – Washington state’s Department of Labour & Industries said on Wednesday it found 23 serious safety and health violations at Shell Oil’s 145,000 barrel per day (bpd) refinery in Anacortes, Washington.
Click to continue reading “Shell Washington refinery cited for safety violations”
BEIJING — Royal Dutch Shell PLC said it has signed a letter of intent withPetroChina Co. and the international arm of Qatar Petroleum to study the feasibility of a new refinery and petrochemical complex in China.
Click to continue reading “Shell Signs On for Possible China Refinery”
: With all of this money spent on the CEP expansion, it has been built on an old electrical infrastructure. I guess no one is counting how many times you read about a "short" electrical outage at the plant. Tom Purves and the Motiva leadership know exactly why this is happening and how to fix it. They don't want to pay for it. They have been given the project and have turned it down at least twice. Meanwhile, we just keep having outages. Going ot be interesting when both refineries come down in the future.
: LondonLad: the lack of stories concerning Shell should be welcomed, if it implies that Shell are cleaning up their act, perhaps due in part to the efforts of the Donovans.
: US Observer, surely almost all (NOT all)contributors to this website have an axe to grind against Shell, particularly those who have a perception that they have been screwed by Shell in times gone by. As for Itchy Woman, she clearly has a femanistic / burn-the-bra approach to work in Shell. AND I would like to add that once again an old old article (from someone who has an axe to grind against Shell) has to be republished due to lack of news against Shell (I refer to Briggs 2009 article). COMMENT BY JOHN D. Would it not be fairer to say that everyone posting on this blog, including you, has an axe to grind. It is easy enough to look back over your contributions and reach a conclusion.
: It is easy to figure out who Witchy Woman is (LC). She has an "ax to grind" and is using this forum
: @uscitizen Voser is a competent and amicable chap. You claim Shell has delivered on its deliverables. Let me tell you everyone delivers on their deliverable.... But joking apart, look at the promises over the years and how well Shell has delivered on these promises. Their trackrecord is not very good over the last 15 years or so. They are a good money making machine. And sofar they have delivered on their constant or increasing dividend payments. Sometimes by increasing their debt but they have done it. A nice high oilprice has helped, don't you agree?? So my only observation was that his 'promise' to extend North Sea fields is quite opposite their activities in this area. And they have promised this before and done the opposite. It was a nice promise to build a new and expensive office in Aberdeen, more jobs for the UK and more activity and extending of production. Just check back what they have done. And predicting future productionlevels by Shell in general and Brinded in particular is nothing but a sick joke.
: To - an observer of Shell Shell has been delivering on its deliverables - why would you paint Voser as some one who is not??
: This was not a personal attack now was it Witchy one?? #133 Witchy woman on May 8th, 2011 at 1:42 pm Marvin Odum who probably has the worst safety record in Shell goes for a diversity vote and someone who has no safety experience to replace the VP of safety he just fired. Clear message where his priorities lie.
: Witchy Woman - you blase me for personal attacks???? That is so rich! I am defending people that are attacked if you had not noticed - and yes I do slam the folks who are throwing garbage out! Live with it!! Enjoy your retirement! Shell has a good retirement package in the US dont they??
: I feel the value of your posts is also minimal, just a complainer. PS - here is where you bash Denise - remember - or do we need to question your integrity the way folks question Shell leaders?? Witchy woman on Dec 7th, 2011 at 12:35 pm In GOM we thought that hurricane season was done. Why is Hurricane Denise causing so much damage then? Like all Hurricanes though they move on the professionals are left to pick up the pieces.
: According to the Independent article posted today the boss of Shell is telling us all not to get too emotional about fracking. Has he not seen the confirmation that fracking causes earthquakes? You have cited the Reuters article. There are others including coverage of a fracking earthquake in Blackpool England. I have to conclude that Voser is a fracking idiot.
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