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October, 2015:

BP and Shell profits poised to fall by half

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Screen Shot 2015-10-26 at 21.23.40Terry Macalister Energy editor: 25 October 2015

EXTRACTS

BP and Shell are set to unveil a drop of more than half in their third-quarter profits this week, raising new questions about their ability to retain dividends and avoid further job losses.

Shell has recently carried out its own cost reductions by trimming jobs in Aberdeen and by mothballing its drilling operations off Alaska for the foreseeable future.Specu lation continues, however, about dividend cuts. 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.

Chad Holliday on the zero-carbon economy

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Screen Shot 2015-10-05 at 14.03.31Shell’s Chairman Chad Holliday at Fortune’s Brainstorm E

Photo: Stuart Isett—Fortune Brainstorm E

Shell chairman Chad Holliday made news at Brainstorm E, held Sept. 28 and 29, by announcing the creation of a new commission to help the U.S. move to a zero-carbon economy. Why would one of the world’s largest oil and gas companies want to decarbonize? Holliday argued that the U.S. needs to find ways to provide energy to a growing global population without damaging the environment beyond repair: “Shell believes society needs to be net zero carbon by the end of this century.”

He also stressed that fossil fuels will remain part of the mix with the help of, say, carbon-capture technologies. The new Energy Transitions Commission, whose members include Statoil STOHF -1.89% , Dow Chemical DOW 0.28% , and GE GE 0.25% , will act, he said, as a trusted source of information for leaders trying to make their countries and companies more sustainable. —Brian Dumaine 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.

Is Royal Dutch Shell plc (ADR), BG Group plc (BRGYY) Merger Under Threat?

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By: Micheal KaufmanOct 22, 2015

Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) and BG Group plc.’s (ADR) (OTCMKTS:BRGYY) merger is faced with another setback, as the Australian antitrust regulator, Australian Competition and Consumer Commission (ACCC) now expects to make a decision by November 19. The commission announced on October 22, that the additional time will allow a more detailed review of the proposed acquisition.

The ACCC, earlier in September, had indicated that it will disclose its decision on the merger after two months. However, the regulatory authority has now decided to delay it by another two weeks. The delay in September had come amid ACCC’s concerns of Shell and BG’s overlapping businesses in Eastern Australia, which may limit competition. 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.

Australia defers decision on Shell’s BG bid by a week to November 19

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MELBOURNE: Thu Oct 22, 2015 

Australia’s competition watchdog said it has postponed a final decision on Royal Dutch Shell’s (RDSa.L) $70 billion takeover of BG Group (BG.L) by a week to November 19, following an earlier deferral in September.

The Australian Competition and Consumer Commission (ACCC) had said last month that market participants had expressed concerns the takeover may hurt gas supply competition in eastern Australia if Shell’s Arrow Energy were to sell its gas into BG’s Queensland Curtis liquefied natural gas plant for export. 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 Spill: Ilaje Coastal Communities Demand Compensation from Shell

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22 October 2015

The Ilaje coastal communities in Ondo state have alleged that oil giant, Shell Petroleum Development Company (SPDC) allegedly excluded them from the ongoing discussions and compensation agreement it reached with the communities that were affected in the oil spill from the Bonga oil field in 2011.

They have therefore appealed to President, Muhammadu Buhari to intervene in the matter to ensure their inclusion in all discussions with regards to payment of compensation.

The communities, have however, threatened   a legal action against Shell Nigeria Exploration and Production Company, (SNEPCO),a subsidiary of SPDC, should the oil firm continues to exclude them from the compensation agreement reached between it and the communities and over the Bonga oil Spill of 2011. 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 refinery to pay $208,000 for polluting air

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Screen Shot 2015-09-17 at 07.55.40By Denis Cuff [email protected]: 20 Oct 2015

MARTINEZ — The Shell oil refinery has agreed to pay $208,000 in air pollution penalties to settle complaints of 12 violations in 2013, the Bay Area Air Quality Management District announced Monday.

The refinery violations included discharging excessive quantities of nitrogen oxides and carbon monoxide, a release of hydrogen sulfide from a biotreatment pond, and Shell’s failure to maintain a minimum moisture content in coke, a refinery byproduct, at a handling area, the air district reported. 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.

Jim Chanos Says Pain from Oil’s Fall Will Get Worse

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By MAUREEN FARRELL:20 Oct 2015

Noted short seller James Chanos says the effects from the precipitous drop in oil prices are just beginning to be felt.

North American oil and gas exploration and production companies are in trouble, he said, and the pain isn’t going to stop with their shareholders.

Separately, Mr. Chanos walked through his bearish theses on three companies — Royal Dutch Shell PLC, Cheniere Energy, Inc., and SolarCity Corp.

FULL ARTICLE

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.

Concern over Shell drilling for oil off Nova Scotia

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Screen Shot 2015-09-17 at 07.55.40By Christopher Ives: 21 October 2015

Today’s announcement from CNSOPB really surprised me.
Tuesday, 10/20/2015 – Canada-Nova Scotia Offshore Petroleum Board Issues Shell Canada Operations Authorization – Drilling

The 2nd sentence of their 5th paragraph states “The granting of an Operations Authorization does not authorize the use of dispersants in case of a spill.”

Wow. Does this mean toxic Corexit is banned (finally)? What other spill response measures are offered? Will these remove the oil? 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 Canada gets green light to drill for oil off Nova Scotia coast

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Screen Shot 2015-10-20 at 21.50.22Shell’s timeline to cap a blowout is still between 12 and 13 days

20 October 2015

The Canada-Nova Scotia Offshore Petroleum Board has authorized a Shell Canada Ltd. drilling plan in the Shelburne Basin that allows the company between 12 and 13 days to contain subsea blowouts, but one environmental group is concerned the capping stack won’t be housed here.

The timeframe is an improvement over the original 21-day plan, but still falls short of the U.S. requirement of 24 hours for drilling in the waters off Alaska. Shell Canada would also have to deploy a second capping stack as a contingency plan. 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.

Why Shell is facing issues in Asia

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I’m a sub sub contractor making a living with a few men

Shell just terminated a main contractor on their projects. They lost money, time, reputation. Today I was told by my subcon who had a contract with Punj Lloyd that Shell terminated that contract and closed the site and thus my contract is now terminated. It’s not just me but hundreds of subcon and sub sub cons plus over thousand employees

Why Shell is having issues? Big ego and big I am god I do no wrong attitude. All the contractors and sub sub already inform Shell Punj Lloyd can’t make it but in order to cut cost they use Punj Lloyd and Soo many issues hide under the rug (of course now audit by Shell, Shell will say it’s above board- then why delay and quality bad?) 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.

Big Oil Is a Buy as Cutbacks Pave Way for Recovery

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Screen Shot 2015-09-17 at 07.55.40by Rakteem Katakey and Angelina Rascouet: Oct 20, 2015

  • Shell has highest percentage of buy ratings in three years
  • Third-quarter earnings seen marking low point before rebound

Energy companies are finally starting to come back into favor.

After enduring the longest oil-price collapse in more than a decade, crashing profits and an investor exodus, Europe’s biggest producers are regaining fans as analysts bet earnings bottomed last quarter and will now start to recover.

While Total SA, the region’s second-biggest oil company, will probably post the worst quarterly performance since 2009, it also has the highest proportion of buy ratings in a year, according to analysts surveyed by Bloomberg. Despite similarly bleak forecasts, Royal Dutch Shell Plc, Europe’s No. 1, has the biggest share of buy recommendations since mid-2012 while BP Plc has the most since February. 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 Quest $1.35 billion carbon-capture project near Edmonton on target for completion

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DAVID HOWELL, EDMONTON JOURNAL: 19 Oct 2015

Fort Saskatchewan — More than 100,000 tonnes of compressed carbon dioxide have been sequestered deep underground during startup testing of Shell Canada’s $1.35-billion Quest carbon capture and storage project.

“We’re not quite at commercial operations — we’re expecting that in the near future — but in that (testing) process we are proving that we can safely inject that CO2 underground,” Quest lead Tim Wiwchar said in an interview this week. 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.

South Africa: Shell Gets Nod to Drill Wells in SA’s Orange Basin

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Screen Shot 2015-09-17 at 07.55.40By Siseko Njobeni: 19 October 2015

The Department of Environmental Affairs has issued an environmental authorisation for Shell South Africa Upstream B V’s proposed exploration drilling in the Orange Basin Deep Water Licence Area, off South Africa’s west coast.

This gives Shell permission to drill up to two offshore exploration wells in the northern portion of the licence area, which covers about 37 290km². Successful exploration of gas will be a major step towards the diversification of South Africa’s energy mix. 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.

Security staff on strike at Corrib Gas Terminal

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Monday 19 October 2015

Almost 40 security staff at the Corrib Gas Terminal in north Mayo have begun industrial action in a dispute over payments and terms of employment.

The personnel involved in the one-day stoppage at the Bellanaboy facility are all members of SIPTU.

Those taking part in the dispute are employed by the Senaca Group, a security services firm, which is contracted by Shell E&P Ireland to safeguard its operations in Co Mayo. 

SIPTU has said the workers are taking the action after a number of contracts were terminated and working hours were unilaterally reduced in recent weeks. 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.

SBM Offshore wins Browse FLNG FEED

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by  AOG Staff: Monday, 19 October 2015

SBM Offshore has been awarded the front-end engineering and design (FEED) contract for three large scale turret mooring systems associated with the proposed Browse floating liquefied natural gas (FLNG) development in Australia.

The turrets are expected to be designed similar to and slightly larger in size than the Shell Prelude FLNG turret that SBM Offshore was awarded in 2011, and whose last module was recently successfully delivered from the construction yard in Dubai. Integration with the Prelude facility in Korea is currently ongoing. 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.

US Follows Royal Dutch Shell plc Backs Away From Arctic Drilling

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By: Micheal KaufmanOct 19, 2015

The US Interior Department announced on Friday that it will cancel the auction of 2016 and 2017 natural gas and offshore oil leases in the Arctic Ocean. The auction was scheduled under the Department’s current five-year Chukchi Sea leasing program for 2012–2017. The division cited low crude oil prices and lack of interest from oil companies as the main reason behind its decision.

This news comes a few weeks after Royal Dutch Shell plc (ADR) (NYSE:RDS.A) withdrew its Arctic drilling plan. The oil giant had spent $7 billion for the Arctic campaign. It said last month that it has dropped its exploration and production (E&P) activities in the Burger prospect of the Chukchi Sea, as it found few traces of oil and natural gas in the region. The company was not satisfied with the drilling results; it had initially expected huge amount of oil traces in the Ocean. Shell has dropped all future plans of Arctic drilling for the foreseeable future. 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.
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