Royal Dutch Shell Plc  .com Rotating Header Image

Royal Dutch Shell News 14 August 2018

REUTERS STAFF: AUGUST 12, 2018 / 11:12 PM

HOUSTON (Reuters) – The heavy oil hydrocracking unit (HCU) at Royal Dutch Shell Plc’s (RDSa.AS) 209,787 barrel per day (bpd) Convent, Louisiana, refinery was shut after a fire early on Sunday, sources familiar with plant operations said. The fire broke out on the 45,000 bpd HCU, call the H-Oil Unit, at about 1:30 a.m. (0630 GMT) on Sunday, the sources said. A Shell spokesman was not immediately available to comment. No injuries were reported due to the blaze, the sources said. FULL ARTICLE

|By: , SA News Editor


  • While the energy industry likes the flexibility of U.S. shale, sentiment has “flipped” back in favor of deepwater drilling after a dramatic fall in investment during the oil market downturn, Royal Dutch Shell’s (RDS.ARDS.B) head of exploration and production Andy Brown tells Financial Times.
  • The economics of some projects, which once required high crude oil prices to be profitable, has seen a “transformation,” Brown believes, with cash generation surpassing that of U.S. shale “because of fundamental cost reduction… Breakeven prices in deepwater – we are now talking $30/bbl.”
  • “It’s great to have both in the portfolio and we are growing our shales business… but in terms of sheer cash flow delivery, our deepwater has significantly more cash flow potential,” Brown says.
  • The cost of drilling a well in the Appomattox, a deepwater oil and gas development that is Shell’s largest floating platform in the U.S. Gulf of Mexico, had fallen two-thirds in the past four years, Brown also says.
  • Separately, the head of Shell’s global refining operations, Lori Ryerkerk, reportedly will step down at the end of August after five years in a job, to be succeeded by Robin Mooldijk, who currently serves as VP of its Manufacturing Americas segment

    Shell hails bounceback towards deepwater drilling

    Head of exploration says break-even prices are now $30 a barrel

    Anjli Raval, Senior Energy Correspondent AUGUST 12, 2018

    Royal Dutch Shell is doubling down on drilling for oil far beneath the oceans, as the energy group eyes a cash bonanza from traditional deepwater projects despite a growing focus on new US shale investments. Andy Brown, Shell’s head of exploration and production, said the industry was seeing a “bounceback” towards deepwater… FULL FT ARTICLE

This website and sisters,,,, and, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.