* Exploration can proceed after U.S. drilling expansion
* Shell’s Odum says company can begin exploring in 2010
* Shell spent $2.1 billion for Chukchi Sea leases in 2008
* ConocoPhillips spent $506 million on leases
By Kristen Hays
HOUSTON, March 31 (Reuters) – Oil companies with their sights on drilling for oil off Alaska on Wednesday said President Barack Obama’s offshore oil announcement allows them to press ahead with big projects there.
Two companies — Royal Dutch Shell (RDSa.L) and ConocoPhillips (COP.N) — have spent large sums to secure drilling rights in the remote Chukchi Sea, only to see their plans put on hold by court challenges.read more
Motorists queue at Shell station to get petrol. Photo/CHRIS OJOW
By ZEDDY SAMBU
Posted Thursday, April 1 2010 at 00:00
Kenya Shell employees on Thursday started a two-day go slow, protesting against lack of formal communication on reports that the firm was leaving the Kenyan market.
The employees, who donned black and red outfits, prompted the firms executives to hold an emergency meeting to try and calm the nerves of the restless staff.
Players in the oil market reckon that OiLibya is the front runner to snap up the assets at an estimated price of $2 billion (about Sh152 billion) for Shells African operations.read more
Los Angeles Times: Shell refineries reach Clean Air Act settlements
By Associated Press
March 31, 2010 | 12:02 p.m
ST. ROSE, La. (AP) Two Shell chemical companies have agreed to install $6 million in pollution reduction equipment at two petroleum refineries in Louisiana and Alabama and upgrade a terminal in Puerto Rico as part of a Clean Air Act settlement with the federal government.read more
HOUSTON, March 31 (Reuters) – Royal Dutch Shell (RDSa.L) on Wednesday started up its new Perdido oil and gas platform in the Gulf of Mexico, the world’s deepest offshore drilling and production facility.
Royal Dutch Shell (RDSa.L) Perdido, 100,000 barrels of oil per day, 200 million cubic feet per day of gas, the first producing platform in the Lower Tertiary, a frontier area in the deepest waters of the Gulf and furthest from shore; Mars, 160,000 barrels of oil per day, 121 million cubic feet of gas.read more
Royal Dutch Shell, which has spent several billion dollars trying to advance its offshore oil program off Alaska’s northern coast, heralded a decision by President Obama to allow exploration and drilling to continue.
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The decision takes Bristol Bay leases off the table and may not lead to additional Arctic leases. But the decision does allow development of existing leases, including Shell’s in the Beaufort and Chukchi seas.read more
Royal Dutch Shell PLC (RDSA, RDSA.LN) has agreed to pay $3.5 million in penalties and spend an estimated $6 million to install pollution-reduction equipments at three U.S. refineries to reduce harmful air emissions.
The equipment is intended to cut output of sulfur dioxide and nitrogen oxides by more than 1,450 tons a year at the facilities in Louisiana, Alabama and Puerto Rico.
Assistant Attorney General Ignacia Moreno said the settlement is an example of businesses’ effort to comply with government environmental regulations. “We will continue to work with industry to achieve compliance under the Clean Air Act to remove harmful pollution from the air we breathe,” she added.read more
March 31 (Bloomberg) — Oil companies may struggle to unload their excess refining capacity in Europe this year as profits from turning crude into fuel stay depressed.
Total SA, Royal Dutch Shell Plc and Chevron Corp. are seeking to sell refineries in Europe after the recession reduced demand. Eni SpA Chief Executive Officer Paolo Scaroni said this month its impossible to find buyers after refining profit margins slumped to a 15-year low in December.read more
Peoples heads have been spinning so much from changes in the past 15 years they dont even know what their job scope is anymore!
Series of Shell Blog postings by “Uncle Tom” on Mar 30th, 2010
Shell Management . . . . . .
In years past Shell looked at the long cycles in the business. Staying diversified meant when one part of the business wasnt doing well, the other side of the business was. Being diversified kept the Company afloat.
Todays Management Philosophy is a short term 1 to 2 year focus period, if results are not achieved in that short span of time, make changes quickly and expect better results. Change, change, change, change.read more
MUMBAIIndian conglomerate Essar Group will decide by June whether to move forward with the purchase of three European oil refineries from Royal Dutch Shell PLC as part of its global expansion plans, the company’s chief executive said.
The companies extended their exclusive talks in November without specifying a time frame. Essar Group CEO Prashant Ruia said the company is studying whether the deal makes sense now, given the low refining margins globally in the oil business.read more
Shell’s reputation was besmirched by the conduct of its New Zealand executives, whose court testimony Justice Wild rejected as unreliable.
Last updated 09:32 26/03/2010
By NICK SMITH
OPINION: Shell’s standing as a good New Zealand corporate citizen is on the line.
It will be at least three weeks before Todd Energy’s fascinating $274 million lawsuit against oil multinational Shell finishes at the High Court in Wellington.
Justice Robert Dobson, assisted by economist lay member Professor Martin Richardson, is then likely to reserve his decision on the exemplary damages claim, relating to efforts by Shell and Austrian partner OMV to limit production at the Pohokura gasfield.read more
The Anglo-Dutch oil major Royal Dutch Shell Plc look set to be grilled again by environmental group Greenpeace.
The latest action by Greenpeace would focus on their exploitation of Canadian oil sands, according to local media reports.
Greenpeace reportedly plans to launch more short-term actions to disrupt production in the Canadian oil sands over frustration with government handling of the industry.
Last year, Greenpeace actions temporarily disrupted crude production at Suncor Energy Incs Alberta oil sands operation and production at two of Royal Dutch Shells facilities in the western Canadian province.read more
Shell is obsessed with our online activities, not only in relation to our website, but also my role as a Wikipedian originating and editing articles relating to Shell.
I have noticed a suspicious correlation between Shell’s internal fretting about how to edit my Wikipedia contributions without being caught and editing undertaken during the same time period by Shell partisan contributors hiding behind pseudonyms
Article by John Donovan
As prominent critics of Royal Dutch Shell, it is invaluable for us to know what the company is saying, thinking and plotting about us.
The inside information comes mainly from Shell itself, which is obliged under the UK Data Protection Act to supply us on request with Shell documents and communications in which our names are mentioned.
As a result, despite redaction of some information by Shell lawyers, we have a wealth of evidence, confirming that contrary to the impression it would like to project, Shell is obsessed with our online activities, not only in relation to our website, but also my role as a Wikipedian originating and editing articles relating to Shell.read more
A clear example of what could be done right now is to address the plight of woodland caribou in the oilsands area, which are headed for extinction within 40 years unless a good portion of their habitat is protected and restored
Edmonton Journal: March 29, 2010 2:13 AM
How encouraging to have a former industry CEO, Clive Mather of Shell, speak so clearly the reality of the oilsands development and the need to actually improve performance rather than just the need to improve the messaging.
There is certainly much to improve and being honest about that, and then taking action to show the world Alberta can and will change is the only way to climb out of the tarry pit Alberta is in.
A clear example of what could be done right now is to address the plight of woodland caribou in the oilsands area, which are headed for extinction within 40 years unless a good portion of their habitat is protected and restored.read more
March 29 (Bloomberg) — Royal Dutch Shell Plc is still in talks on a final agreement to develop natural gas in Iraq, the Middle East vice president for new business said.
Iraq will become a regional player in the gas sector and an exporter to the region and the world, Mounir Bouaziz said at a conference in Abu Dhabi today. Iraq is losing $50 a second by flaring gas. The country, which flares more than 1 billion cubic feet a day, has the potential to export 20 billion cubic meters a year of gas, Bouaziz said.read more
March 29 (Bloomberg) — Royal Dutch Shell Plc has agreed to sell its New Zealand downstream assets to Infratil Ltd. and the Guardians of New Zealand Superannuation for NZ$696.5 million ($492 million.)
The purchase, which remains conditional on funding and regulatory approval, will be funded with NZ$420 million of equity and a NZ$600 million banking facility, Wellington-based Infratil said in a statement to the New Zealand stock exchange.
Shell, Europes biggest oil company, is selling its New Zealand fuel retailing and refining interests as part of a global strategy to focus on oil and gas production in expanding markets. It agreed in November to negotiate exclusively with the Infratil-led venture on the sale of the groups 229 filling stations, port terminals and a 17 percent stake in New Zealand Refining Co.read more
Posting by Wilt Staph on Mar 28th, 2010 at 7:10 pm
Britains refinery capacity is around 92 million tonnes which is in the same ballpark as domestic consumption. Arguably, then, Stanlow which can process around 12m tonnes (13% of the UK total) is not surplus to requirements. But rumours abound that if Essar does buy the plant they will seek to close the refining capacity and just use it as a storage and entrepot depot. Around 900 Shell employees will be made redundant and few will have a chance of a job with Essar if they do close the refinery.read more
singapore love: Rumor on the street is the Shell Vito project is over a year behind schedule, AND Shell plans to double down and award Whale to the same contractors in the coming weeks.
Must be some serious love going on between the Singaporeans and Shell decision makers....
Bonus Group: To uscitizen,
BRAZIL:
'PS - Shell is investing 2 billion a year into Brazil and already paying off'. Assuming $2Bn (you did not quote currency), that would just about cover Shell's share of the costs of replicants, operating expenses and of course managers' BONUSES!
$2Bn would represent approximately 10% of Shell's income in 2018.
https://reports.shell.com/annual-report/2018/consolidated-financial-statements/statement-of-cash-flows.php
FPSO unit cost: our initial case ($91bn total capex) assumed a cost of $2.5 billion for each of 13 FPSO units. However, our research shows a wide range of possibilities for this cost depending on the vessel configuration; plus the fact that Brazilian shipyards should get better at building them so the cost could reduce over time. Also the project might choose to lease rather than buy the FPSOs outright, which could improve economics for the consortium depending on the lease terms.
http://openoil.net/wp/wp-content/uploads/2016/12/OO_br_Libra_narrative_1.0_161104.pdf
Bonus Group: To uscitizen,
BG GROUP ASSETS SOLD BY SHELL SUBSEQUENT TO TAKEOVER:
Petrobras and Total announced that they have finalized a decisive milestone in the realization of their Strategic Alliance, signed in March 2017, with the completion of the following transactions: Transfer from Petrobras to Total of 22.5% of the rights of the Iara area, which comprises the Sururu, Berbigão and Oeste de Atapu fields in Block BM-S-11A in the Santos Basin pre-salt, operated by Petrobras (42.5%) alongside Shell (25%) and Petrogal (10%). The consideration for the above transactions amounts to US$1.95 billion, including closing adjustments. This amount does not include US$ 400 million that can be triggered by Petrobras to carry a part of its investment share in the Iara development fields and contingent payments.
http://www.petrobras.com.br/en/news/petrobras-and-total-complete-the-transfer-of-rights-in-the-lapa-and-iara-concessions-as-part-of-their-strategic-alliance.htm
Royal Dutch Shell is nearing the sale of a large part of its North Sea oil and gas assets to private equity-backed Chrysaor for $3 billion, banking sources said, marking a milestone in its drive to reduce debt after buying BG Group.
https://www.reuters.com/article/us-shell-m-a-northsea/shell-set-to-sell-3-billion-north-sea-assets-to-chrysaor-idUSKBN15B14M
Including this week’s US$750 million sale of an offshore shallow water gas field in Thailand.
https://www.jwnenergy.com/article/2018/1/shell-has-sold-us27-billion-assets-acquiring-bg-group-charts/
The deal covers Shell’s interests in the fields Buzzard, Beryl, Bressay, Elgin-Franklin, J-Block, the Greater Armada cluster, Everest, Lomond and Erskine, and a 10% stake in Schiehallion. Shell also announced on Tuesday that it had sold its stake in a Thai gas field for $900m to a subsidiary of the Kuwait Foreign Petroleum Exploration Company.
https://www.theguardian.com/business/2017/jan/31/shell-sells-north-sea-oil-gas-fields-chrysaor-linda-cook
TOTAL: $5.7Bn = 21% of $27Bn
uscitizen: Bonus group, Contradict myself - lol. Poor guy - like I said do your own research - tell us what you find, you will look like the irrational uneducated poster you are. PS - Shell is investing 2 billion a year into Brazil and already paying off. Do you ever look anything up?
Bonus Group: To US Citizen. Thank you for your post of September 9th 2019 20:12. Congratulations on also being an avid reader of this blog. You are correct in my post of June 26th 2019 23:05 I did say that '..Shell had a ‘fire sale’ of a plethora of BG ‘dross’ assets in order to raise $30Bn to disguise the amount by which they had overpaid for BG Group.' More correctly, Shell had a ‘fire sale’ including a plethora of BG ‘dross’ assets in order to raise $30Bn to disguise the amount by which they had overpaid for BG Group. This does not detract from the fact that Shell did have a 'fire sale' in order to raise $30Bn. By my estimation Shell over paid for BG Group by about 30%. The Christmas boxes were very large, but the presents were very small. You contradict yourself when you say that you will not do my homework for me, but then tell me that the split of the $30Bn assets sold was 80:20 Shell:BG. Is that correct? If so, thank you that just goes to show how worthless those BG assets were, but then that is what you can expect from a Cappuccino and Belgian chocolate lifestyle company. Any comments about what the Brazil Asset are up to these days?
uscitizen: To Bonus Group - the large percentage of assets sold by Shell were non BG assets. I will not do your homework for you, but the split is 80/20. A great example of why you do not take what this sites protagonists post as good information. But go ahead, say I am wrong and also posting garbage, do your research and tell me the number of BG asset sales vs the 30 billion Shell raised thru asset sales.
John Donovan: MESSAGE FROM JOHN FOR THE ATTENTION OF BOGUS GROUP. I have received the information you kindly sent and have replied by encrypted email.
Bill Campbell Prelude Comment: I might write in more detail but I find it rather ironic that it was this website that was telling the world 6 or so years ago that this installation did not have risk levels as low as claimed and one of the principal risk drivers was the compact nature of a hazardous substances plant with not enough space to swing a cat in. Unless you are not aware I wrote to Shell Australia at the time giving them data from 8 existing or planned onshore LNG plants which varied from 80 to 100 hectares or on average 20 to 22 times the footprint of Prelude, could they tell me as a stakeholder with shares in the Company how they arrived at their ridiculously low number but can guess I assume that a reasonable explanatory reply was not forthcoming, as sure as eggs are eggs if this plant is currently having problems or if it has problems or major accident events in future it will be due to the force fitting a complex plant, with risk levels much above which they have published, on a postage stamp of a footprint.
God willing they will never live to regret their fraudulent overly optimistic claims, risk is based on reality not wishful thinking.
Bill
Thanks. Problem is that it's behind a paywall and despite it being a great publication for the oil industry, none of us retired folk wants to invest in a subscription.
FURTHER REPLY FROM JOHN
I have received the further Prelude information you have kindly provided and have replied by encripted email.
Bonus Group: Further to Bogus Group's post yesterday. I am absolutely appalled that a Senior Executive of Royal Dutch Shell plc should spout so much nonsense concerning the Prelude installation. The statement is redolent of Malcolm Brinded and his 'Touch F*ck All' policy, which led to the deaths of Keith Moncrieff and Sean McCue on Brent Bravo on 11th September 2003. What is boring is the continuous misleading spin and blather from the top of this company and their lackadaisical approach to safety. 'Chronic Unease' is a well known expression in the Oil and Gas Industry, and that state of mind is far from boring or routine. In fact nothing is either boring or routine in Oil and Gas operations. Rob Jager moved last year to the post of VP Prelude after spending thirteen years as Country Chair and VP for Shell New Zealand/Shell Taranaki, after Shell announced the sale of its New Zealand interests in March 2018. Jager clearly previously has spent too much time being 'laid back' in the fantasy land of Lord of the Rings, marvelling at New Zealand's scenery and wondering who will be entertaining him for his next luxury seafood dinner accompanied by a glass of chilled expensive New Zealand Sauvignon Blanc.
Bogus Group: PLEASE SEE REPLY FROM JOHN WHICH FOLLOWS THE COMMENT FROM BOGUS GROUP
More on Prelude article in Upstream.
I’m stunned by what can only be described as idiotic statements. Nothing like the utopia of self-aggrandisement without verification. What is Jagers’ level of technical and operational capabilities? I recall similar rhetoric from BG Group charlatans, with the “best in class” mentality and use of the most overstated expression ever to be used outside the education sector, all aimed at pleasing their taskmasters.
Ramp-up of Prelude and what Jager hopes will be decades of “uneventful” and “boring” operation.
“This will be a state where little or nothing happens. We have few if any alarms, no surprises and where things are running like clock work and we are effectively in autopilot,” he said.
“We will know when we have succeeded in this ambition because Prelude will be recognised as the most boring asset in Shell global portfolio our people will refer to it as the safest and most desirable place to work, and when the rest of the industry is knocking on our door to find out how we have achieved such a best in class outcome, especially for a facility as complex and unique as Prelude.”
REPLY FROM JOHN
Hello, I would be grateful if you could send me a copy of the article via [email protected] using an anonymous email address. I would pass it on to retired Shell EP experts for their assessment.
This is not a Shell website. Click on Disclaimer link at top of page for more information.
OPL 245 CORRUPTION SCANDAL: LATEST NEWS
$1.3bn Malabu Oil Scandal: Italy Protests Swiss Delay in Releasing Evidence against Shell, Eni 22 Jun 2019 04:10 This Day Chika Amanze-Nwachuku with agency report
Italian prosecutors have expressed dissatisfaction about lengthy delays in obtaining evidence they have requested from Switzerland in the criminal charges against Royal Dutch Shell and Italy’s Eni with regard to …
FG names Shell, Eni executives in $1bn bribery case – The Punch 08 May 2019 11:43 Google ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
FG files fresh charges against Shell executives, JPMorgan over Malabu Oil scandal 08 May 2019 10:01 Herald Sequel to the lawsuit filed last year against Royal Dutch Shell Plc, Eni and JP Morgan for being involved in a $1bn oil block bribery case, the Federal Government has submitted new case documents that indict their top executives.
FG said in the court files …
FG names Shell, Eni executives in $1bn bribery case 08 May 2019 08:09 Punch Newspapers ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245 02 Mar 2019 10:19 Biz Watch Nigeria Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245
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