News and information on Royal Dutch Shell Plc
Royal Dutch Shell has cut operating costs for some of its North Sea fields by 70 per cent since the price of crude crashed, the oil company said. Andy Brown, Shell’s head of upstream, said it was able to make “significant money in the North Sea at $50 [a barrel oil prices]” thanks to the reductions, which analysts said were among the steepest by any company. Mr Brown said he had been shocked by some of the inefficiencies Shell found when it reviewed operations worldwide after oil prices fell.
: You can be SURE of HELL, sorry missed an ‘s’ SHELL
: Unfortunately I was persuaded to switch to Shell Energy Broadband after a conversation with a staffer of USwitch, supposedly because download speeds were a little faster than PlusNet. But what a bad decision! Upload speeds are truly terrible, and the download speeds struggle to get up to what they publicise. Its an indictment of USwitch advice that they failed to point out how much upload speeds can vary between providers and that you can be trading DOWN to a worse service. Do the sane thing - don't be tempted as I was to choose this provider.
: ok... it looks like Malaysia is next on the chopping block. piece by piece...
: Rather than fixing the problem, Shell ordered the whistleblowers off the project and the contractor fired the two inspectors. The couple’s allegations are contained in their whistleblower complaint filed with the Labor Department.
“We did our jobs, and we were harassed, abused, ridiculed, and humiliated. They said they’d been repeatedly warned they’d be “run off” if they kept pressing safety concerns.
: If you want to be ripped off go to Shell Energy. I live in a one bed flat and they charged me £291 for 1 months electricity and sent me out a wrong bill for £1500 when it was only £800. Yes stress!
Oh i forgot i raised a complaint on 29th July of which no one got back to me so I called today to be offered £30 and 6 sorrys of so sorry mistakes happen.
Either way Stay Away from Shell Energy!
: Prelude to Disaster. More Shell HSSE whitewash: https://www.energyvoice.com/oilandgas/asia/337828/sleep-deprived-workers-at-shells-prelude-flng-make-official-complaint/
: It is no surprise to read about the pipeline inspectors findings. Penn Chem has a checkered past with respect to negative findings in assurance and audit activities. Just dig into the earth works, water conduits, foundations, blasting damage, pressure vessel quality, etc. They have run off so many safety professional (and quality inspectors) until they found those who wouldn't rock the boat and let the contractors "get on with it". Not to mention the number who found opportunities elsewhere. Those left, are mostly happy to look the other way and collect the paycheck. All to make single use PE... BvB talks about the environment and safety. Can he walk it? Reshape demonstrates the strong commitment to eliminate independent S&E assurance activities, now that is a learner mindset twist on "inherent" safety!
: Two former pipeline inspectors say they were fired for reporting hazards on a volatile liquids pipeline to Royal Dutch Shell PLC’s massive new petrochemical plant northwest of Pittsburgh. The inspectors, Frank Chamberlin and Susan D’Layne Carite, said they warned Shell managers and even federal regulators in 2019 that the anti-corrosion coating was defective on the company’s Falcon pipeline. That could increase the threat of corrosion, a leading cause of pipeline ruptures. https://www.eenews.net/articles/whistleblowers-say-bad-seeds-undermine-pipeline-safety/
: Does anyone have the list of Shell assets for sale this week? After the rumors of Aera / Permian, maybe Norco, Penn Chem, GOM, ... Whats next?
: Hilarious, if they weren't serious: https://amp.theguardian.com/commentisfree/2021/jun/07/its-time-to-nationalize-shell-private-oil-companies-are-no-longer-fit-for-purpose
: If they are not careful they will kill the goose that lays the golden egg: https://edition.cnn.com/2021/05/26/business/shell-court-case-climate-change/index.html?utm_source=twCNN&utm_medium=social&utm_content=2021-05-26T14%3A14%3A04&utm_term=link
: The beginning of the end: https://www.reuters.com/business/energy/shell-shareholders-overwhelmingly-support-energy-transition-plan-2021-05-18/
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
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on Jun 5th, 2017 at 13:46
In Aberdeen and Southern operations In the eighties and nineties low oil price periods were quickly reacted to by reducing operating costs mainly maintenance and inspection which equates roughly to 70 percent of OPEX expenditure in a steady state operation with no drilling ongoing.. It is relatively easy to do. That you suffer for these cuts further down the line with serious integrity issues is the reality of the situation where the Management team making the cuts have long since moved onwards and usually upwards. For example a major audit in 1999 found 20 temporary clamps fitted to corroding hydrocarbon pipes offshore. Nothing was done. By 2003 there was some 600 temporary clamps and the failure of one of them caused a major incident and two fatalities. To try and recover the irrecoverable situation Shell Expro expended some £800 m over the next 6 years, their data not mine.This criminal neglect of maintenance caused the premature abandonment of Brent facilities by 4 years or so.
Back to the article, there is ABSOLUTELY no way you can cut operating costs by 70 percent without slashing to the core maintenance and inspection, including testing activities, I just hope by some miracle we do not suffer for this in the future.