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Posts from ‘February, 2015’

Why Shell Withdrew Application For Pierre River Oil Sands Project

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By: MICHEAL KAUFMAN

Published: Feb 24, 2015 at 7:48 am EST

Royal Dutch Shell plc (ADR) (NYSE:RDS.A) indicated on Monday that it has withdrawn the application to develop Pierre River Oil Sands in northern Alberta. The oil sands mine was first proposed by Shell Canada in 2007.

The Pierre River oil sands are estimated to produce around 200,000 barrels of oil per day. The company had earlier expected to finish the project’s construction by 2010 and production was expected to initiate by 2018. Last year, Shell specified that it had to reassess the development timeline of the project and asked the regulatory authorities to halt the review for the time being. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Canada withdraws oilsands mine application as a cost-cutting measure

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Screen Shot 2015-01-06 at 21.26.38By Dan Healing of the Calgary Herald

Extracts

The Pierre River oilsands mine proposed by Shell Canada in 2007, split out of a joint application in 2009 and delayed indefinitely last year has been withdrawn entirely from the regulatory approval process.

“The Pierre River mine remains a very long-term opportunity for us but it’s not currently a priority,” said Lorraine Mitchelmore, president of Calgary-based Shell Canada, in a news release on Monday.

“Our current focus is on making our heavy oil business as economically and environmentally competitive as possible. We will continue to hold the leases and can reapply in the future when the time is right.” read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Professionalism

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Email received 23 Feb 2015 – presumably meant for Shell

Subject: Professionalism 

Hey.

Can you please ask your subcontractor, Mike Gordon from Inverness, who is working for you guys offshore Gabon on board the Stingray to please refrain from posting updates on Facebook about the issues we have had onboard with welding.

He is starting to upset a few people.

Thanks

N Van Oord

FOUND ON THE MIKE GORDON FACEBOOK PAGE

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RELATED INFORMATION

Rotterdam, the Netherlands, 10 november 2014 – Van Oord has been awarded the EPC contract for the replacement of a dual 10 km long oil export line. The client is Shell Gabon. The execution period runs from November 2014 to the summer of 2015. The export line runs from the Gamba terminal, 200 NM south of Port of Gentil, to a pipeline end manifold (PLEM). The existing 30 inch line will be replaced by a looped dual 22 inch sea line system with pigging facilities allowing for inspection and cleaning. Van Oord will deploy shallow water pipe lay barge Stingray. The project contributes to Gabon’s export of energy and is important for the economic development in the region. – See more read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

USW Negotiations with Royal Dutch Shell deadlocked

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By: MICHEAL KAUFMAN
Published: Feb 23, 2015 at 1:28 pm EST

Tensions between Royal Dutch Shell plc (ADR) (NYSE:RDS.A) and the United Steelworkers (USW) union rise as more union workers have walked out of three additional US refineries. The latest negotiations between Shell and USW took place on February 20. However, no agreement between the two parties could be reached.

The USW workers on Friday midnight decided to impose a strike at the US Motiva Port Arthur refinery in Texas .On Saturday, the USW then decided to impose strikes in the Motiva Convent, Shell Chemicals Norco plants, and the Motiva Norco Refinery. Motiva Enterprises is a joint venture between Shell and Saudi Aramco. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

News suppression allegations made by Peter Oborne

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By John Donovan

The Sunday Times has today published a whole page news story under the headline:

“READ ALL ABOUT IT”

The article is focused on sensational allegations by Peter Oborne, who has just resigned as the Chief Political Commentator of The Daily Telegraph.

The Sunday Times is understandably delighted to have a poke at one of its rivals, but is it being hypocritical?

Peter Oborne departed on the claimed grounds that the Telegraph has deliberately suppressed news coverage about the HSBC scandal because of concern that it might lose HSBC advertising revenue. The Swiss subsidiary of HSBC has admitted assisting wealthy clients to evade taxes and hide assets. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Ogoni People Reject Belema Oil, Express Fear of State Repression

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“We urge the government of Nigeria and the Shell Petroleum Company to clearly understand that the Ogoni problem is like an open wound, the issues have to be resolved and no amount of coercion, blackmail, backdoor conspiracy will subject the people to give up on this very costly struggle for survival.”

22 Feb 2015

An enlarged congress of the MOSOP Kingdom Coordinators and Chapter Leaders Forum has overwhelmingly rejected the take over of Ogoni oilfields by Belema oil. The decision was taken yesterday during the meeting of the representatives of the MOSOP Kingdom Coordinators and Chapter Leaders Forum from 126 communities in Ogoniland.

The congress condemned the Ogoni Supreme Council of Traditional rulers for ever contemplating the resumption of oil mining activities in Ogoniland in the midst of unresolved issues bothering on the future of the Ogoni. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Plea to Shell from students of the International School of the Stockholm Region

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Screen Shot 2015-02-21 at 15.52.14Plea to Shell from students of the International School of the Stockholm Region 

COPY OF AN EMAIL SENT TO MICHIEL BRANDJES, JOHN DONOVAN AND OTHERS

Dear Shell,

We are students from the International School of the Stockholm Region and we are writing to express our concern about how your company is affecting our environment. Each year you release an enormous amount of greenhouse gases into the atmosphere, which lead to catastrophic consequences. It is predicted that in 15 years, mankind will have emitted enough carbon dioxide and other greenhouse gases to rise Earth’s temperature by at least 2 degrees Celsius; exceeding the limit agreed by several governments in the Copenhagen Accord. Petroleum companies are one of the major contributors of these emissions, and your corporation is likewise enriching the amount of greenhouse gases in the atmosphere. Therefore, we have brought it upon ourselves to urge you to come forth with an applicable plan which could reduce greenhouse gases emissions. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

U.S. refinery strike widening to include largest refinery

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Screen Shot 2015-01-06 at 21.31.03HOUSTON Sat Feb 21, 2015 12:13am EST

(Reuters) – The U.S. refinery strike was widening on Friday night as workers at the nation’s largest refinery gave notice of a walkout beginning at 12 a.m. (0600 GMT) on Saturday, the United Steelworkers union (USW) said.

Shortly after talks between union and oil company representatives ended on Friday night, the union notified Motiva Enterprises [MOTIV.UL] of a strike by its members at the company’s 600,250 barrel per day (bpd) refinery in Port Arthur, Texas. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

New safety rules for offshore Arctic drilling proposed to avoid repeat of Shell disaster

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New safety rules for offshore Arctic drilling proposed to avoid repeat of Shell disaster

US officials want to make sure companies can handle a blow-out in remote and icy conditions – without inflicting an environmental disaster

Suzanne Goldenberg in Washington

Screen Shot 2014-10-28 at 11.51.59The Obama administration proposed new rules for Arctic oil drilling on Friday in an attempt to avoid repeating Shell’s disastrous foray into extreme waters. The proposals, shaped by the 2010 BP oil spill in the Gulf of Mexico, and the grounding of Shell’s drill ship in the Arctic two years later, are aimed at making sure companies could handle a blow-out in remote and icy conditions – without inflicting an environmental disaster on the pristine seas.

FULL ARTICLE read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

BP loses bid to cut maximum $13.7 billion Gulf spill fine

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Screen Shot 2014-12-04 at 20.54.03BY JONATHAN STEMPEL
Thu Feb 19, 2015 9:04pm EST

(Reuters) – A U.S. judge on Thursday rejected BP Plc’s (BP.L) attempt to reduce the maximum civil fine it could face for its role in the 2010 Gulf of Mexico oil spill, leaving it potentially liable to pay $13.7 billion under the federal Clean Water Act.

U.S. District Judge Carl Barbier in New Orleans agreed with the federal government that the maximum civil penalty that BP could face is $4,300 per barrel spilled.

BP had sought a $3,000 per barrel maximum, equal to a maximum $9.57 billion civil fine. Barbier has not decided how much BP should pay, and it is unclear when he will. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Why Stocks Of Chevron Corporation, Exxon Mobil, Royal Dutch Shell, And ConocoPhillips Should Be Avoided

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Why Stocks Of Chevron Corporation, Exxon Mobil, Royal Dutch Shell, And ConocoPhillips Should Be Avoided

Bidness Etc looks at why Barron’s Asia advises new investors against buying stocks of the four Big Oil companies, namely, Exxon, Chevron, Shell, and ConocoPhillips

By: MICHEAL KAUFMAN

Published: Feb 18, 2015 at 6:36 am EST

Extracts

Crude oil price have dramatically decreased more than 50% since June 2014. Amid the low-price scenario, Barron’s Asia believes that new investors should avoid placing their bets on the four Big Oil companies, comprising, Royal Dutch Shell plc (ADR) (NYSE:RDS.A), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), and ConocoPhillips (NYSE:COP).

Barrion’s Asia terms these stocks as the most defensive energy stocks mainly due to minor changes in the value of these stocks since mid-October. The West Texas Intermediate has fallen more than 35% over the same period. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell and Exxon ignored seismic dangers at Groningen Gas Field

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Danger of earthquakes at Groningen gas field ignored – Dutch safety board

Feb 18 (Reuters) – The dangers caused by gas extraction at the massive Groningen field were ignored for years by operators Royal Dutch Shell, Exxon Mobil Corp and government agencies, the Dutch Safety Board said in a report on Wednesday.

A correlation between gas extraction and earthquakes in the region was clear in 1993, the board said, but “the risks to residents were not recognised”.

Maximising profit was prioritised over safety issues, said the board.

(Reporting By Anthony Deutsch; Editing by Pravin Char) read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

BP plc And Royal Dutch Shell Plc Perilous Investment Traps?

Screen Shot 2014-10-28 at 11.51.59From an article by Royston Wild published 18 Feb 2015 by The Motley Fool under the headline:

“BP plc And Royal Dutch Shell Plc Are Perilous Investment Traps”

Extracts

Needless to say, the effect of an eroding oil price has proved catastrophic for the world’s fossil fuel specialists in recent months.

Indeed, a 47% decline in the Brent benchmark since June has been followed by heavy share price declines at both  and Royal Dutch Shell during this period.

Earnings picture does not merit premium prices

Prices in the oil producers have regained much ground since mid-December’s troughs, however, when reports first emerged that US shale producers have begun aggressively scaling back output in response to nosediving black gold prices. But this strong share price recovery has again cast doubt on whether the scale of the risks facing the two oil majors are not baked into the price. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

ExxonMobil could snap up BP in a single bite

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Information sourced from an FT article by Energy Editor Christopher Adams published 15 February 2015 under the headline:

“BP’s battles leave it vulnerable to major move”

Extract

If ExxonMobil chief executive Rex Tillerson really wanted to, he could snap up BP in a single bite. Of all the UK major’s rivals, Exxon, the world’s biggest energy company, has the firepower to swallow BP whole. Could it happen? Some industry insiders think yes.

The article sets out the reasons already highlighted by many other industry experts and observers.

  • The financial fall out from Deepwater Horizon disaster
  • BP’s “languishing” share price
  • The collapse in the price of oil

It points out that as a result of the combined factors, BP’s continuing membership of the “the Big Five” is doubtul and sets out the benefits of a takeover by ExxonMobil, including the potential for Exxon to manipulate U.S. courts to bring down costs arising from Deepwater Horizon and from taking over BP’s stake in the Rosneft/Putin Arctic drilling project. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Denies Abandoning New Bonga Project

Screen Shot 2015-01-12 at 08.45.23From an article published 16 February 2015 by The Tide under the headline:

Shell Denies Abandoning New Bonga Project

Extracts

The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has denied recent reports that it has stopped the development of the strategic Bonga South West/Aparo (BSWA) project due to the slump in international oil price.

In a statement signed by Shell’s Corporate Media Relations Manager, Precious Okolobo, and made available to The Tide, SNEPCo restated its commitment to the implementation of the BSWA project, designed to boost oil and gas production to increase national revenue generation capacity. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Fracking Earthquakes

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From an article by AP Science Writer Seth Borenstein published 14 Feb 2015 by Associated Press under the headline: 

“STUDY: OKLAHOMA’S DAILY SMALL QUAKES RAISE RISK OF BIG ONES”

SAN JOSE, California (AP) — Small earthquakes shaking Oklahoma and southern Kansas daily and linked to energy drilling are dramatically increasing the chance of bigger and dangerous quakes, federal research indicates.

This once stable region is now just as likely to see serious damaging and potentially harmful earthquakes as the highest risk places east of the Rockies such as New Madrid, Missouri, and Charleston, South Carolina, which had major quakes in the past two centuries.

They are mostly in areas with energy drilling, often hydraulic fracturing, a process known as fracking. Many studies have linked the increase in small quakes to the process of injecting wastewater deep underground because it changes pressure and triggers dormant faults. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.