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Posts Tagged ‘Royal Dutch Shell Plc’

Cindy Shogan: Executive director, Alaska Wilderness League: 28 July 2015 Last week, myself, staff members from Alaska Wilderness League, a few mascots and some inflatable kayaks made our way to Lafayette Park just outside the president’s house — joining in the “kayaktivist” movement to protect the Arctic from Shell. The Save the Arctic movement has grown […]

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 […]

Shell to move to new shift pattern

Written by Harriet Brace – 28/07/2015 8:06 am A major oil firm has confirmed its offshore workers will be the latest to move over to a new three weeks on shift pattern. Oil giant Shell today confirmed the company will be moving to the new working pattern for offshore employees. Offshore workers at Shell are […]

Big oil to sharpen focus on costs after $200bn of cuts

Europe’s biggest oil companies have to find deeper cuts as oil prices expected to weigh on earnings By Andrew Critchlow, Commodities editor: 27 July 2015 Three of Europe’s biggest oil companies will report weaker earnings this week and the City is looking for guidance on how to mitigate a sustained slump in Brent crude prices […]

British energy giants set to axe costs in a bid to cope with falling gas and oil prices

BG could reveal a 75 per cent fall in profit to £200million By LAURA CHESTERS FOR THE DAILY MAIL: 26 July 2015 The falling price of oil and gas continues to take its toll on energy firms as British Gas-owner Centrica, BP and Royal Dutch Shell are set to reveal increased cost cutting to cope. The […]

Oil groups have shelved $200bn in new projects as low prices bite

Shell, which stunned the energy industry with a £55bn agreed offer for BG Group in April, will this week set out deeper cuts to its capital spending this year, revising downwards its most recent estimate of $33bn expenditure. FULL FT ARTICLE Like this:Like Loading…

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 […]

Damaged Shell icebreaker arrives in Oregon for repairs

By – Associated Press – Saturday, July 25, 2015 PORTLAND, Ore. (AP) – Authorities say the Fennica, a vessel that Royal Dutch Shell PLC plans to use in its Arctic offshore drilling project, has arrived in Oregon for repairs. Portland Police officials said the 380-foot icebreaker arrived at a Swan Island dry dock about 3 […]

Shell backs plans to fire giant bullets into ground to reach geothermal energy

HyperSciences has been awarded a $1 million grant from Shell It has a patent on a new type of ram accelerator for geothermal energy ‘Gun’ will repeatedly fire projectiles at 4,500mph (2 km/s) to blast holes Company claims the technique is ten times faster than traditional drilling By ELLIE ZOLFAGHARIFARD FOR DAILYMAIL.COM: 25 July 2015 […]

Kayakers will greet Shell Oil icebreaker this weekend

Friday, 24 July 2015 14:19 | Written by Steve Law Adopting a page from Seattle protesters, Portlanders concerned about oil drilling in the Arctic Ocean will take to kayaks on Saturday, when Shell Oil’s icebreaker, the Fennica, is expected to arrive at Swan Island for needed repairs. The icebreaker is needed in the Arctic as […]

Shell icebreaker bound for Portland

Protests are expected to greet vessel EO Media Group: 24 July 2015 Royal Dutch Shell’s MSV Fennica icebreaker vessel passed through Astoria Friday evening and picked up a U.S. Coast Guard escort on its way up the Columbia River to Portland. The vessel, which suffered a 39-inch gash in its hull and is bound for […]

Brazil clears $70 bln BG-Shell merger, BG says

Markets | Fri Jul 24, 2015 5:53pm EDT BG Group Plc on Friday confirmed that it has received final unconditional clearance from Brazilian competition authority CADE for its acquisition by bigger rival Royal Dutch Shell. The clearance of the $70 billion merger follows the 15-day period during which the preliminary approval granted by CADE on […]

Shell-BG merger approved by Brazil

THE HAGUE, July 24, 2015 /PRNewswire/ — NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Royal Dutch Shell plc (“Shell”) (NYSE: RDS.A) (NYSE: RDS.B) today announced that its recommended combination with BG […]

Shell’s Positioning For Better Russia And Iran Relations Is Part Of Its Global Gas Strategy

Zoltan Ban: 23 July 2015 Summary Shell has been showing long-term interest in moving more towards natural gas for a while, with natural gas production surpassing its oil production in 2013. Aside from its major acquisition of BG group, it is forming an alliance with Gazprom and is looking to be among the first in […]

Green Activists Outraged At U.S. Approval Of Shell Arctic Drilling

By Andy Tully: 23 July 2015 Environmental activists are furious that the Obama administration is allowing Royal Dutch Shell to begin its much-debated drilling in the Arctic Ocean this summer, even with one remaining condition. Two permits were issued July 22 by the Interior Department’s Bureau of Safety and Environmental Enforcement, but with the provision that […]

A Bad Call on Shell

Michael Brune: Executive Director, The Sierra Club: 23 July 2015 The Obama administration inched a little closer to disaster yesterday when it issued almost-but-not-quite final approval to Royal Dutch Shell to drill in the Chukchi Sea this summer. Because Shell’s capping stack (a critical piece of emergency response equipment) is currently on its way to Portland, […]

Shell banned from Arctic oil drilling without emergency equipment

Icebreaker that holds the required equipment has been sent for repairs, which could take weeks Royal Dutch Shell has been granted two final permits to explore for crude in the Arctic this summer, but the US has banned the company from drilling for oil until emergency equipment arrives in the region. The US Interior Department’s […]

U.S. says Shell is not yet allowed to drill in Arctic oil zone

The Department of the Interior conditionally granted Shell permits for oil exploration in the Chukchi Sea off Alaska. Timothy Gardner: Jul 22, 2015  WASHINGTON (Reuters) – The U.S. Interior Department on Wednesday granted Royal Dutch Shell <RDSa.L> two final permits to explore for crude in the Arctic this summer, but said the company cannot drill into […]

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 […]

Here’s Why Royal Dutch Shell plc Was Downgraded By S&P

According to S&P, the softness in crude oil prices and significant capital expenditures, despite recent spending cuts, have weakened Shell’s financial risk profile, which is reflected in the ratings downgrade. By: MICHEAL KAUFMAN: Jul 22, 2015  Standard & Poor’s (S&P) has downgraded the credit rating of European oil major Royal Dutch Shell plc (ADR) (NYSE:RDS.A) […]

S&P cut its rating on Shell after big BG merger

Standard & Poors cut its rating on Royal Dutch Shell Plc (RDSa.L) by one notch to ‘AA minus’ from ‘AA’, citing a weaker financial risk profile, mainly due to soft oil prices, and continuing substantial capital expenditures. The rating agency said the outlook on the company is negative reflecting possible adverse effects on credit metrics […]

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 […]

Shell asked for £25,000 worth of alcohol to be delivered to gardaí in Mayo, court told

The detailed claims were made in a Mayo court last week. TWO FORMER SUPPLIERS to the Corrib gas project told a jury they supplied £25,000-worth of alcohol to gardaí in 2007 on behalf of Shell E&P Ireland. The allegations were made by Desmond Kane and Neil Rooney, co-owners of OSSL, which had previously supplied personal […]

Men tell court they supplied alcohol to Belmullet Gardaí for Shell

EXTRACTS Under oath, Mr Neil Rooney claimed that the first delivery of alcohol to Belmullet Garda Station was made in 2005, and that in 2007, he was asked by Conor Byrne, a Senior Pipeline Engineer with Shell, to make a large delivery. Mr Rooney, from Downpatrick, Co Down, said he went to the north and […]

Simon Henry sells £423,400 ($660,736.58) worth of stock in Royal Dutch Shell Plc

Chief Financial Officer Simon Henry sold 20,000 shares of Royal Dutch Shell Plc stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of GBX 2,117 ($33.04), for a total transaction of £423,400 ($660,736.58). Simon knows more than we do about Shell’s ill-fated 2015 Arctic Drilling campaign.   The cost […]

Shell to cut capital expenditure to adjust books for plunge in oil prices

By Jerin Mathew: July 20, 2015 Anglo-Dutch energy major Royal Dutch Shell plans to cut its 2015 capital expenditure, as the company looks to balance its accounts in light of a 50% decline in oil prices since June 2014. The Financial Times reported that Shell’s CEO Ben van Beurden is expected to outline the cut […]

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. […]

Royal Dutch Shell expects to save “billions” through BG Group deal

Royal Dutch Shell has told investors that the massive £55bn takeover of BG Group will produce “billions” in savings. Projected savings from cost reductions verifiable under takeover rules, such as merging headquarters, come to about £1bn, but the company has said that savings are actually likely to be a “multiple” of this, because of “value […]

Barrow, a town divided over Shell’s drilling

Krista Langlois | High Country News: July 19, 2015 BARROW — As Royal Dutch Shell’s massive drill rig, the Polar Pioneer, chugs its way up the Alaska coast, the 4,700 residents of America’s northernmost town was focused on a different event: the annual Nalukataq festival, in which the entire community shares in the bounty of a […]

Bayelsa community accuses Shell of abandoning oil spill

19 July 2015 The residents of Oruma–Yibama, Ogbia Local Government Area, Bayelsa, have alleged that Shell Petroleum Development Company (SPDC) is yet to clean up an oil spill that occurred in the area on June 2. The Chairman of Oruma-Yibama Community Development Committee, Eliot Igbigikeme, stated this in an interview with the News Agency of […]

Activists Gather At Goleta Beach To Protest Arctic Drilling

Alys Martinez, KEYT – KCOY – KKFX Reporter, [email protected]: 18 July 2015 GOLETA, Calif. – Activists gathered at Goleta Beach Saturday to protest Shell’s plans to drill for oil in the Arctic Ocean. We’re here because Shell is threatening to drill in the Arctic and we need to say “Shell no!” said Becca Classen of Food […]

Kayactavists Prepare For Shell Icebreaker To Arrive In Portland

by Amelia Templeton OPB | July 18, 2015 Climate change activists in Portland are planning to take to the water in kayaks to engage in civil disobedience when an ice-breaking vessel working for the Royal Dutch Shell oil company arrives at a local dry dock for repairs. The ship, the MSV Fennica, is part of the fleet […]

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 Rigs Leave Dutch for Chukchi, To Wait

By Liz Ruskin, APRN | July 17, 2015 Shell is still moving its ships and equipment into the Arctic, even as one of its icebreakers prepares to head back south for repairs. The unexpected crack in the hull of the ship called the Fennica has added a measure of uncertainty to the start of the […]

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 […]

Shell expects oil price recovery to take several years

Ron Bousso, Karolin Schaps and Dmitry Zhdannikov, Reuters LONDON (Reuters) – Royal Dutch Shell expects oil prices to recover gradually over the next five years, with progress slowed by persistent global oversupply and receding Chinese demand growth. The Anglo-Dutch energy giant is betting on crude rising to $90 a barrel by 2020, a key assumption […]

Shell’s Arctic Drilling Adventure Is a Disaster Waiting to Happen

By Rebecca Leber: 15 July 2015 This month may mark the end of a decade-long saga that’s highlighted the lengths to which oil companies will go to drill in the Arctic—and the huge risks such endeavors entail. If everything goes according to plan, Royal Dutch Shell will soon bury its first drill bit into the […]