News and information on Royal Dutch Shell Plc
Nigerian plans to change the way its oil industry is regulated and funded risk cutting investment and production in Africa’s top producer, Royal Dutch Shell Plc (RDSA) said.
“Production will be down about 40 percent by 2020 without new investment,” Mutiu Sunmonu, Shell’s chairman for Nigeria, said in the copy of a conference presentation in the commercial capital of Lagos. The proposed “fiscal package is not conducive to investment. As a result, there will be few new investments.”
In what might turn out to be the final set of nails in the coffin of her Secretary of State ambitions, it turns out that U.N. Ambassador Susan Rice has huge foreign investments, including several companies that are doing business with Iran. She has ties to one company, Royal Dutch Shell, that stands to make a billion dollars if the sanctions against Iran are lifted.
BY: Adam Kredo:
The portfolio of embattled United Nations Ambassador Susan Rice includes investments of hundreds of thousands of dollars in several energy companies known for doing business with Iran, according to financial disclosure forms.
Rice, a possible nominee to replace Secretary of State Hillary Clinton when she steps down, has come under criticism for promulgating erroneous information about the September 11, 2012, attacks in Benghazi, Libya, that killed four Americans.
By Emily Gosden 6:35PM GMT 29 Nov 2012Shell is one of a handful of companies exploring in Arctic waters and began drilling off Alaska this year.
Environmentalists oppose drilling on the grounds a spill would devastate the environment.
Asked what people were concerned about, Mr Slaiby told the BBC: “There’s no sugarcoating this, it is [an] oil spill.”
“If you ask me will there ever be spills, I imagine there will be spills,” he said.
“Will there be a spill large enough to impact people’s subsistence? My view is no, I don’t believe that would happen.
By Steve Gelsi, MarketWatch
NEW YORK (MarketWatch) — When filling up your gasoline tank in the next few years, Royal Dutch Shell wants you to know they’re working to increase the share of the fuel pumped out of Uncle Sam’s back yard.
Shell Oil Co. President Marvin Odum sees Royal Dutch Shell’s RDS.A +0.06% growing presence in the U.S. as a selling point for investors.
“I think Wall Street probably does care about a strong country, and there’s an aspect of producing your own resources that definitely plays into that.” Odum said in an interview at the Platts Global Energy Outlook Forum. “The real question you have to come down to in the end is are these economically competitive projects to go after? The answer is yes they are.”
Mayo Advertiser, November 30, 2012.
Last week Mrs Margaret Sekaggya, the UN special rapporteur on Human Rights Defenders, met a delegation of 10 people to discuss the issues they face regarding the Corrib Gas Project. The delegation comprised seven members of Shell to Sea, Kilcommon parish priest Fr Michael Nallen, and two members of the human rights monitoring organisation Table Observers: Sr Majella McCarron and Donal Ó Mearáin.
Mrs Sekaggya is visiting Ireland in order to evaluate the situation of human rights defenders in the country and will present a report with her findings to the UN Human Rights Council in March next year. Members of the delegation raised many issues of concern including violence by the gardaí, behaviour of the private security, the democratic deficit in the planning process, surveillance and harassment, selectivity in the application of the law, the undermining and stigmatisation of campaigners by the judiciary, the politicisation of the judicial process, and the ineffectiveness of designated oversight bodies in particular the Garda Ombudsman.
NEW YORK, Nov. 29, 2012 /PRNewswire/ — Winners from seven countries and three continents took top honors in New York City tonight at the Platts Global Energy Awards, which recognized three industry leaders and 16 companies for exemplary individual and corporate achievement. The awards program, now in its 14th year, is one of the energy industry’s premier recognition events and often referred to as the “Oscars” of the energy industry.
Netherlands-based Royal Dutch Shell also stood apart from the night’s other winners, snagging not one, but two awards – the much sought-after “Energy Company of the Year” and “Commodity Excellence Award for Natural Gas.” Judges were impressed by the company’s commitment to continual innovation despite the scale of its current operations. Shell’s downstream activities in chemical gas-to-liquids technologies development caught the judges’ attention, as did its liquefied natural gas (LNG) technologies, which enhance energy efficiency and advance LNG as a transport fuel for trucks, ships and locomotives. The judges also cited Shell’s advancements in deepwater drilling, shale development and tight-gas extraction, all of which are helping to drive U.S. energy independence.
NEW YORK (Reuters) – Royal Dutch Shell expects “years and years” of production from oil and natural gas acreage it recently bought from Chesapeake Energy Corp and plans to add more drilling rigs, the head of Shell’s Americas operations said on Thursday.
Shell paid $1.94 billion last September for 618,000 acres in the Permian Basin, a vast oil and natural gas source in western Texas.
Shell and other global energy companies, including Exxon Mobil Corp and Chevron Corp , are buying more oil and gas assets in North America to boost production in a sector where most resources are located and tightly controlled by countries like Brazil and Russia.
By May Abdalla BBC World Service, Point Hope, Alaska: 29 November 2012
After a decade of legal wrangling and spending $4.5bn (£2.8bn), this year Shell Oil was given permission to begin exploratory drilling off the coast of Alaska. But many in the local Inuit community are concerned it could have a devastating impact on one of their main sources of food – the bowhead whale.
Marie Casados shows me the contents on her freezer. Inside there’s whale meat, muktuk – frozen whale skin and blubber – a selection of fish and a polar bear foot, which looks like a human hand. She describes it as a real delicacy. But it’s more than that – this is her food supply for the winter.
SOURCE Shell Offshore Inc.
HOUSTON, Nov. 28, 2012 /PRNewswire/ — Shell Offshore Inc.’s (Shell) Olympus hull, the approximately 32,500 metric ton main body of the Olympus TLP, departed from South Korea today to begin its two month journey to the U.S. Gulf Coast. The hull is expected to reach Ingleside, Texas in early 2013 where installation of the topsides will take place before the TLP departs for its final location on the Mars Field in the Gulf of Mexico.
(Photo: http://photos.prnewswire.com/prnh/20121128/DA20106-a)
Kerosene is classified as environmentally hazardous. Undiluted kerosene irritates the skin from direct contact. Ingestion causes vomiting and diarrhea, damages the lungs, the nervous system and the kidneys, and in the worst cases, lead to death. It is toxic to aquatic organisms and causes long-term damage if it drains into a large body of water, such as the Rhine.By John Donovan: 27 November 2012
On 22 February 2012 a spill of 846 tonnes of jet fuel was reported at the Shell Rheinland Werk Godorf Cologne Refinery.
The refinery consists of two factories in Cologne-Godorf and Wesseling in the south of Cologne, located on the left bank of the Rhine.
The leak occurred in an underground pipeline between the plant and a fuel depot.
Because an alarm system at the Shell refinery failed, it took four weeks for technicians discover the leak.
Kerosene is a liquid mixture of hydrocarbons obtained from petroleum. Jet fuel is a highly toxic mixture of kerosene and naphtha. It is practically insoluble in water and has a lower density, so that it is deposited as a carpet on a water surface.
By Emma Amaize, Victor Ahiuma-Young and Kunle Kalejaye, 26 November 2012
Aggrieved members of Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, protesting alleged unfair labour practices, yesterday, shut down the operations of Shell Petroleum Development Company, SPDC, nationwide.
This came as a nationwide strike by NUPENG looms following alleged assault on members by security operatives at Shell locations across the country, which prompted the Warri and Port Harcourt zones that serve the South-South states and eastern states to begin immediate strike.
The Irish Times – Tuesday, November 27, 2012
GORDON DEEGAN
The rising bill on the controversial Corrib Gas project is to top almost €3 billion before the end of next year, new figures show.
The company driving the project, Shell EP Ireland Ltd yesterday confirmed that the Corrib Gas Partners last year spent a further € 270 million on the project. A spokeswoman said a further € 250 million will be spent this year and again in 2013.
At the end of 2011, the total spent on the project amounted to € 2.43 billion.
By Kathryn Diss
The head of Shell in Australia, Ann Pickard, has dismissed claims that floating liquefied natural gas technology is environmentally unsafe.
The WA Premier Colin Barnett has expressed concerns about using floating technology to process LNG from the Browse project, north of Broome.
He says he does not think the technology is safe and has warned of a major oil and gas spill if it is used.
He remains committed to processing the gas onshore at James Price Point.
Shell is a partner in the joint venture and is currently developing a floating LNG platform for its Prelude project offshore from Broome.
Dow Jones Newswires: Published November 26, 2012
Shell Oil Company said Monday that a release of hydrogen sulfide late Saturday night at its oil refinery in Martinez, Calif., necessitated reducing feed to an unspecified unit to diminish the emission.
A report to the Calif. Emergency Management Agency said a venting pressure relief valve had caused the release.
Shell notified all appropriate local and state agencies and monitored off-site locations for air quality impacts. No off-site impacts were detected, Shell spokeswoman Kimberly Windon said. The situation was declared all clear at 1:15 a.m. PST (0915 GMT), she added.
John,
Here is today’s pick of articles for your readers:
Oil and tradition try life together in far north Alaska: Houston Chronicle-by Jennifer Dlouhy-Some Inupiats fear that this tradition – and their subsistence way of life – could be jeopardized by offshore oil drilling, as Shell Oil Co. conducts a …
Rivers – the Battle Against Oil Theft Continues: AllAfrica.com-The two suspects, Mr. Bori Friday and Mr. Young Apahia are surveillance staff of Shell, who were employed to protect the oil pipelines of the …
FORTUNE — It’s one of the largest companies in the world. Could it really be a takeover target?
Some in the industry see BP as fresh deal meat following the company’s long-awaited settlement with U.S. authorities in connection with the Deepwater Horizon oil spill. But while such a mega-merger may make Wall Street bankers salivate, even after selling off billions of dollars in assets, BP simply remains too big and too risky to buy. Specialization is the name of the game these days in the oil patch. BP would need to break up into more manageable pieces before any oil major would consider opening its wallet.
: They really are useless little or no customer service. If you do get to talk to someone they haven't got a clue how to solve things. Never been happy since first signing. I never thought I would admit this but they make TalkTalk seem good. I am now fighting against the cost of 39 po7nd because I haven't returned it. Once again they are lying saying they sent out a self addressed envelope for the return of the modem. Must have got lost in the post.Also my contract ended 8th January it is now 24th and they only just let know. As a company they are devious untrustworthy and morally corrupt. They DO NOT deserve even 1 customer
: 29th July 2020 Tailwind Energy Investments Ltd (Co. Reg. No.12776446) was incorporated with one ordinary share of £1 issued to Tailwind Energy Holdings LLP (Co. Reg. No. OC430905) for a consideration of £1 23rd December 2020 Tailwind Energy Investments Ltd issued 290 shares of £1 each to Tailwind Energy Holdings LLP in return for 290 shares of NSV Energy Ltd (Co. Reg. No. 06220464) representing a 100% interest in that entity. Following the transaction, Tailwind Energy Holdings LLP became the parent company of Tailwind Energy Investments Ltd. On the date of issue, the shares of NSV Energy Ltd were valued at $479.9 million resulting in the recognition of an investment of $479.9 million. On 1st November 2021, Tailwind Energy Investments Ltd declared a dividend of $36.4 million. Tailwind Energy Investments Ltd entered into an agreement with its now subsidiary NSV Energy Ltd to pay the dividends directly to its parent's ultimate shareholders. For the period ended 31st December 2021 Tailwind Energy Investments Ltd recorded a profit of $36.4 million arising from a dividend declared by its subsidiary in November 2021. Dividends of $36.4 million ($125,245.7 per share) were declared by Tailwind Energy Investments Ltd for the period ended 31st December 2021. Companies House records show for Tailwind Energy Holdings LLP under 'People' the following: Cavendish Energy Holdings Ltd (Co. Reg No.12154073) Mecuria Asset Holdings (Hong-Kong) Ltd A Private Ltd Company Mercuria Holdings (UK) Ltd (Co. Reg. No. 123718128) Companies House Records show that Tailwind Energy Holdings LLP is the 'Designated Member' and only 'Designated Member' for each of the above three companies. There is a 'circularity' here that does not seem correct. Where did the dividend go? Tailwind Investments Ltd Annual Report and Financial Statements period ended 31st December 2021 indicates Page 16 7. Tailwind Energy Investments Ltd is a wholly owned subsidiary of Tailwind Energy Holdings LLP itself a 51% subsidiary of Cavendish Energy Holdings Ltd (Co. Reg. No. 12154073) . Cavendish Energy Holdings Ltd is also the ultimate parent company and ultimate controlling party which prepares consolidated financial statements. Companies House Records show under 'Appointments' for Cavendish Energy Holdings Ltd that Tailwind Energy Holdings LLP is the 'Active LLP Designated Member'. Where did the $36.4 million dividend go?
: Thanks to Wrath for the clarification. I recall a lot of competent and committed people at BG Group, I also recall a toxic culture among those aspiring to climb the leadership “greasy pole” at all costs. If Mr Gould’s disparaging comments were not aimed at the latter group, it’s no surprise the meeting ended on a low note. These are the people that set targets, but if they can’t perceive how to deliver, someone (not them) has to be held to account. Seems like the pressure was being felt regarding Queensland Curtis LNG and the toxic ‘blame culture’ was in full-swing. I understood the cost overrun on this project was in the region of £3.3bn, which is surprising as their General Counsel at the time had written the highly regarded book ‘Project Finance’. It must have been left behind in TVP in preference for “back-end loading”.
: In response to Bogus Group's enquiry. The reference to Contractors being given 'equal' status to Employees refers to a speech given by Andrew Gould, then Executive Chairman of BG Group, at a Townhall meeting in the BG cafeteria in the Hutton Building, Thames Valley Business Park, in Q4 2014. At that Townhall meeting Mr Gould, during his speech to the assembled staff, made many references to 'you' (meaning BG Group Staff) failing to meet targets. (A Freudian slip, perhaps, given his ambition for a knighthood?). Eventually, a senior staff member in the audience corrected Mr Gould and said that he (the senior staff member) would feel happier if Mr Gould used the pronoun 'we' instead of 'you', at which point Mr Gould accepted the criticism and corrected himself. During that speech, Mr Gould also said that it was vital that BG Group meet their targets, especially first export of QC LNG coalbed methane to LNG, by year end. In order to achieve this he said that BG Group Contractors would have 'equal' status to BG Group Employees i.e. 'all hands to the pumps'. That meeting was recorded. Shell makes $70bn BG offer (oedigital.com) It was at the end of that meeting, that Sami Iskander, then Chief Operating Officer, stood up and to whoever would listen as they 'fled' the cafeteria with their ears burning made the statement that BG Group, the previous year (?) had spent £200MM assuring work which later cost the company £2Bn because it was wrong.
: Would like to hear more on the thread of these interesting comments. Contractors were not always on ‘equal status’, particularly when it came to safety. In the BG Group 2010 annual report, Chapman’s statement that contractor safety would be a particular focus in 2011, seemed to infer that contractor performance was the issue, however, BG Group were ultimately responsible for those at the worksites, including contractors. In 2012, his “deep regret” of the unacceptable safety performance deterioration in 2011, would appear to indicate the “particular focus” was misconceived.
: Andrew Gould, former Executive Chairman of the failed BG Group, whose motives were questionable, would be well reminded that putting contractors on equal status as company employees in order to meet 'stretch' targets is in direct conflict with the 'Constitutions' of the various 'Bodies Corporate', despite alignment through 'bridging' documents.
: Technical safety across the board has suffered a similar mindset... "as long as it doesn't blow-up on my watch, it's <>." the new SEAM organization has made it abundantly clear, that safety has to be in "balance with business drivers of production and affordability." When it eventually goes boom, it will be blamed on TSE not the folks who are sweeping the concerns under the rug. the new emperors have no clothes!
: Subsurface Technical Staff at Shell who previously worked for BG Group would be well advised to remember that reserves should not be booked on subjective technical workflows and furthermore that both the technical workflows used in calculating reserves and their results should be reproducible by the Auditors. The BG philosophy of 'it's alright as long as the oil and/or gas is flowing out of the ground and we don't know where it is coming from' is irresponsible, short sighted and to the detriment of Shell's shareholders. This attitude should be dropped pronto!
: Internet down 3 times for a day at a time. Reported it never had any contact back or reason given. Useless company out at end of contract.
: RE: Nigerian oil export terminal had theft line into sea for 9 years Sometimes I think I have seen it all and then this comes along Nigeria is simply doomed with all the corruption. Take it from me, this is a major operation to fix. So the top brass must have been involved. Half or more of the population is scratching a living in miserable circumstances, there is no more rule of law and these gangsters lay a pipeline from a terminal and steal oil. Simply beyond what I can imagine.
: They cut off my 87 year old moms phone. This isn't just a phone for people of that age its and essential lifeline. After spending an hour on hold I eventually got through to the customer service department. They said a bill hadn't been sent because of billing issues. That's why it wasn't paid. So, I settled the bill over the phone. The following day the service was resumed and a demand for the money paid over the phone was sent to her house. How incompetent are these people. I spent another hour on hold. No reply to the call at all this time. No response to my emailed complaint. Obviously I now have to find another provider. But a lot of stress for my mother. DO NOT DEAL WITH THESE PEOPLE. They are the worst of the worst. Date of experience: 10 September 2022
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