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May, 2015:

Arctic drilling affects more than the Arctic, say Greenpeace campaign particpants

May 28th, 2015
by John Donovan.
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Screen Shot 2015-05-24 at 15.17.42Eilís Quinn, Eye on the Arctic: May 28, 2015

Representatives from six of Canada’s First Nations are currently taking part in a Greenpeace campaign with a message that Arctic drilling has the potential to negatively  impact communities far beyond the North.

“We know that the ongoing use of oil as a source of fuel is perpetuating  global warming or climatic change which effects all citizens of North America, and the world, including my small little community,” said Candace Campo, a business owner from the Sechelt First Nation in the western Canadian province of British Columbia. read more

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Shell estimates one million hours of offshore work saved from Brent Delta move

May 28th, 2015
by John Donovan.
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Written by Energy reporter – 28/05/2015

Shell said in February it would seek approval for the Pioneering Spirit, thought to be the largest ship ever built, to lift and remove the topside in one piece, shunning more traditional methods which involve cutting installations into smaller sections.

FULL ARTICLE

(THE SHIP BORN WITH A NAZI NAME – PIETER SCHELTE) 

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Shell-Seattle feud takes new turn

May 28th, 2015
by John Donovan.
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Screen Shot 2015-05-19 at 18.39.24Shell-Seattle feud takes new turn

By Devin Henry – 05/28/15 10:26 AM EDT

Extracts

The federal government approved Shell’s plan to drill for oil and natural gas in the Arctic north of Alaska on May 11. Shell signed a deal with a Seattle company to use the port as home base for its drilling fleet, but local officials have tried to stop that from happening.

Last week, the state’s Department of Natural Resources sent Shell a letter telling them that mooring their drilling fleet in the port might violate the state’s constitution, according to the Post-Intelligencer. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Names China Boss To Key BG Merger Post

May 28th, 2015
by John Donovan.
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Huibert Vigeveno is to lead the integration of FTSE-100 giants Shell and BG after their mega-merger, Sky News learns.

By Mark Kleinman, City Editor: Thursday 28 May 2015

The head of Royal Dutch Shell’s operations in China is to spearhead the oil major’s integration with BG Group as the industry’s biggest-ever takeover inches forward.

Sky News understands that Shell informed senior managers this week that it was naming Huibert Vigeveno, its executive chairman for China, as executive vice-president for integration, with the appointment due to take effect at the beginning of August.

The role being handed to Mr Vigeveno, a long-serving Shell executive, will be a crucial one. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

King County Tells Shell to Take Its Shit Elsewhere

May 28th, 2015
by John Donovan.
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by Sydney Brownstone • May 27, 2015

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The Polar Pioneer’s shit has run into a snag with King County sewers.

A waste management company contracted by Shell applied for a permit to dump the Arctic drilling rig’s human excrement directly into a King County manhole. Today we learn that King County said “no.”

The county’s reasoning:

First off, Shell didn’t apply for the permit directly, and permits from third parties who aren’t the ones generating the waste are usually denied. Secondly, the contractor didn’t provide any data about the shit to King County’s industrial waste program. You’re supposed to test the shit, then send data about the shit to the regional officials. And that didn’t happen. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Offshore decommissioning ‘a new beginning for North Sea industry’

May 28th, 2015
by John Donovan.
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Offshore decommissioning ‘a new beginning for North Sea industry’

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Brent Delta is among the most iconic platforms

By Ken Banks: BBC Scotland North East reporter

As a growing number of North Sea oil and gas fields head towards the end of their production lives, industry leaders are waking up to the challenges – and opportunities – that lie ahead. Hundreds of business figures attended a conference in Aberdeen this week to learn more about where the decommissioning process is heading.

There’s a growing realisation that offshore decommissioning is now really happening.

Over the next 25 years or so, the process of retiring North Sea oil and gas facilities could cost tens of billions of pounds, according to projections. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Qatar threat to Royal Dutch Shell

May 28th, 2015
by John Donovan.
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“My government will definitely not be happy… (Royal Dutch) Shell is one of the biggest single investors in the country and there are some $150 billion in infrastructure projects coming up in the next years…”: Qatar Airways CEO Screen Shot 2015-05-28 at 10.58.32

Al-Baker (above) said Qatar would take note if Qatar Airways was not awarded the extra slot it is seeking in order to fly seven days a week to and from Schiphol. (Reuters Photo)

In handing out lucrative public procurement contracts, Qatar is likely to favour countries whose airports grant take-off and landing slots to state-owned Qatar Airways, its chief executive said on Tuesday. The remarks by Akbar al-Baker, in Amsterdam to launch a new six-times-a-week route, may fan the protests of western carriers that Gulf competitors have unfair advantages because of their close relationships to their governments. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

OPEC Seen Backing Saudi Arabia’s Plan to Keep Supplies Elevated

May 28th, 2015
by John Donovan.
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by Grant Smith and Maher Chmaytelli: Bloomberg.com: 27 May 2015

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When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil, prices will be on its side.

Crude plunged for eight of nine weeks prior to the group’s November gathering, when the kingdom faced down opposition from the majority of fellow members, who advocated output reductions to tackle a global glut. With oil companies around the world cutting investment, U.S. output peaking and prices up, Saudi Arabia’s strategy will be extended at OPEC’s semiannual meeting on June 5, say Societe Generale SA and Bank of America Corp. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell’s Arctic exploration safety audit ‘kept under wraps’

May 28th, 2015
by John Donovan.
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by Joe Sandler Clarke: 22 May 2015

As Shell prepares to drill for oil in the Arctic this summer, a third party safety audit ordered by the US government to ensure there was no repeat of the company’s disastrous drilling operation in 2012 remains hidden from the public.

Shell contractor Noble pleaded guilty to eight environmental and maritime crimes after their last their last attempt to drill in the Arctic nearly caused a major environmental disaster. A heavy storm caused the 28,000 ton Kulluk rig to run aground.

As a result, the Obama administration stated the company would face unprecedented hurdles before it could drill again. The Interior Department made a third party safety audit a key recommendation of its report looking at the 2012 operation. read more

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We May Not See Arctic Oil For Decades

May 28th, 2015
by John Donovan.
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Screen Shot 2015-05-19 at 18.39.24We May Not See Arctic Oil For Decades

SHELL MAY END UP WITH NOTHING

By Nick Cunningham: Posted on Wed, 27 May 2015

Shell’s Arctic campaign this year will be pivotal. If the company cannot find large reserves of oil, it will likely set back Arctic oil development for a generation.

The Financial Times reported that Royal Dutch Shell will not see Arctic oil come online anytime soon, even in the best of scenarios. Even Shell officials think that the oil major will not be able to see Arctic oil hit the market until sometime in the 2030s.

Related: Shell Approval May Trigger Resource Race In The Arctic

There are a few reasons for this. Finding and developing offshore oil can typically take around a decade. First there is a long lead time before any drills hit the waters – analyzing data, purchasing acreage, planning, doing seismic surveys, getting permits, moving equipment into place, and finally deploying rigs. Shell first started buying up Arctic leases in 2007. After years of preparation (and huge setbacks), Shell has done most of this pre-drilling work. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Alaska governor tours Shell rig in Seattle, touts Arctic drilling

May 28th, 2015
by John Donovan.
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Screen Shot 2015-05-01 at 17.04.22Phuong Le | Associated Press: May 27, 2015

Alaska governor tours Shell rig in Seattle, touts Arctic drilling

SEATTLE — The governor of Alaska on Wednesday toured a massive oil drill rig parked on Seattle’s waterfront, then met with Washington state Gov. Jay Inslee to tell him that Washington’s position on future Arctic drilling will hurt the economy of Alaska.

Alaska Gov. Bill Walker met privately with Inslee at Auburn City Hall, south of Seattle. Inslee is a Democrat; Walker an independent.

Inslee spokeswoman Jaime Smith said the two governors didn’t talk about the dispute over the drill rig but generally discussed drilling in the Arctic, which Inslee opposes, she said. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell faces what amounts to an almost existential crisis

May 27th, 2015
by John Donovan.
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Analysts Downgrade Troubled Shell

Given Mornigstar’s view that long-term oil prices will be well below $100 going forward, we don’t believe Shell’s has a lasting competitive advantage over its peers

Stephen Simko, CFA 27 May, 2015

Shell (RDSB) faces what amounts to an almost existential crisis: even when oil prices were $100 its portfolio was strewn with problems. Huge bets on shale destroyed huge amounts of capital, cost overruns on key projects such as the Motiva refinery, and a chronically poor-performing downstream all combined to leave the company with very weak returns on capital.

We have recently lowered our Shell fair value estimate to £20.50 per share from £21 per share to reflect what we believe was an overpayment with respect to its planned acquisition of BG Group. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Polar Pioneer fails USCG inspection

May 27th, 2015
by John Donovan.
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Screen Shot 2015-05-19 at 18.39.24By Donal Scully: 27 May 2015

Seattle: The Polar Pioneer, one of two huge drilling platforms Shell plans to deploy in the Arctic, came up short under a US Coast Guard (USCG) inspection on Tuesday.

Although the USCG said the unspecified hitch was minor and would be easily remedied it was another in an array of small snags surrounding Shell’s planned return to Arctic oil exploration after a three -year hiatus.

Two weeks ago the city of Seattle, where Shell is mooring its Arctic fleet ahead of the trip north, said that by housing Shell’s fleet the port of Seattle is in violation of its lease that designates Terminal 5 as a “cargo terminal.”

And the port of Seattle sent mixed signals when it simultaneously backed Shell’s right to moor its fleet but also requested the oil giant delay the arrival of the Polar Pioneer. That request fell on deaf ears. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Arctic drilling invites disaster: Column

May 27th, 2015
by John Donovan.
1 comment

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Screen Shot 2015-05-19 at 18.39.24Arctic drilling invites disaster: Column

Nick Jans: EDT May 27, 2015

An oil spill in sea ice is permanent. And Shell is nowhere near prepared for summer drilling.

I stood on the shore of the Chukchi Sea, at the far northern rim of Alaska. On that late May evening, a maze of shifting ice spilled off to the horizon; a world of the same stretched beyond that, more than 1,000 miles to the North Pole. Out in that vast expanse, Inupiat whalers waited in traditional camps for their first bowhead whale of the season; polar bears roamed, hunting walrus and seals. Slanting in, the midnight sun cast mirages and colors that have no earthly name. I squinted into the distance and tried to imagine oil wells out there, too — dozens, and eventually hundreds, scattered across the face of this harsh but fragile ocean wilderness. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell drilling may spur Arctic resource race

May 27th, 2015
by John Donovan.
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Screen Shot 2015-05-19 at 18.39.24Colin Chilcoat, Oilprice.com: May 27, 2015

In a few short months Shell will (re)enter the Chukchi Sea, between Alaska and Russia. The oil and gas major still awaits approval from a number of state and federal agencies, but in early May the company received the consent of the Obama administration to explore the remote Arctic sea 70 miles off the coast of Alaska.

If it sounds familiar, that’s because it is. Shell was in the Chukchi and Beaufort Seas for much of 2012 – a stint that ended with more headaches than drilling. Following some high-profile failures with its Noble Discoverer and Kulluk rigs, Shell put its Arctic operations on pause in early 2013. Amid slumping profits, the group called off its 2014 plans to resume. Today, the economic indicators are not much better – Shell lost $1.1 billion in the Americas in the first quarter of 2015 – but the company is committed to moving forward. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil Majors Falling Out Favor With This Hedgefund Boss

May 27th, 2015
by John Donovan.
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Screen Shot 2014-12-22 at 21.08.35By Andy Tully: Posted on Tue, 26 May 2015

Huge oil companies, among the largest businesses in the world, don’t excite hedge fund manager Jim Chanos because today they have to work harder and more inefficiently than ever to bring their products to market.

“[W]e’re just seeing that … these guys like Exxon and Chevron and Royal Dutch Shell are simply replacing $20 [per barrel] oil with $80 oil,” Chanos said May 24 on the PBS television program “Wall Street Week.” “So high return-on-capital businesses are becoming more mundane return-on-capital businesses.” read more

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