RIO DE JANEIRO, Nov. 14, 2019 /PRNewswire/ — New, deep-water production has come online from the Brazilian pre-salt Santos Basin. Shell Brasil Petróleo Ltda. (Shell Brasil) and its consortium partners today announced the start of oil and natural gas production at the P-68 floating production, storage, and offloading unit (FPSO), located in BM-S-11A Concession in Berbigão, Sururu and West Atapu.
The FPSO can process up to 150,000 barrels of oil and 6 million cubic meters of natural gas daily. Operated by Petrobras, P-68 features ten producing wells and seven injection wells.read more
Oil giant Shell has experienced a large fall in third-quarter profits due to weaker oil prices.
Earnings after stripping out fluctuating expenses fell 15 per cent to £3.7billion, well below estimates it might reach almost £5billion.
Shell was able to charge an average of £43.25 per barrel of oil it produced in the quarter, down from £52.69 in the same three months last year. It was even more than a dollar lower than the second quarter price.read more
(Reuters) – Royal Dutch Shell <RDSa.L> confirmed two fatalities as a result of an incident at its Auger Tension Leg Platform in the deep-water U.S. Gulf of Mexico on Sunday morning.
“One other non-life-threatening injury was sustained, and that individual is being treated at a nearby hospital,” Shell said in an emailed response on Monday.
The accident occurred around 9:00 a.m. CST during a routine and mandatory test of a lifeboat launch and retrieval capabilities at the platform, located 214 miles south of New Orleans.read more
Last year the number of accidents per hour worked increased at the oil company. Supervisors warn that Shell needs to do more about safety.
In December 2017, during regular maintenance work, a lifeboat suddenly came loose on the Shell platform Brent Alpha in the North Sea. The lifeboat fell into the sea and was recovered a day later. Although no one is injured, it was not the first time. In 2008, it was discovered that two lifeboats on another nearby Shell platform, Brent Bravo, were technically in such poor condition that they had to be replaced. And in 2007 a rescue boat on another Shell platform broke loose and collapsed into the sea.read more
The firm also faced widespread shareholder opposition over chief executive pay last year.
Mr van Beurden said: “I feel an attack on Shell as an attack on my personal integrity. It’s something I feel deeply, probably at least once a day. If I can reduce that to once every other day, I’ll know that we are making progress.
“Of our three strategic ambitions – to become a world-class investment case, to thrive through the transition to lower-carbon energy and to have a strong societal licence to operate – I’m confident that we can achieve the first two.
“But I can’t see a sure path towards strengthening our societal licence to operate just yet.
“We need to change people’s perceptions through better performance and behaviours. And we need to have a better dialogue with civil society in some parts of the world.”
Marissa Luck, Houston Chronicle: Monday, Jan 7, 2019
The Gulf Coast has become home of one the largest producers of a common plastic: Shell fired up its fourth alpha olefins unit at its chemical plant in Geismar, Louisiana, the company said Monday.
The multi-billion dollar expansion adds 425,000 metric tons per a year in capacity to the chemical manufacturing site, bringing its total alpha olefin production up at Geismar to more than 1.3 million metric tons per a year. That makes it the largest alpha olefins producing site in the world, the company said.read more
The Trump administration has granted the oil and gas sector its first exclusions from a 25% tariff on steel imports, after agreeing with Chevron (NYSE:CVX) and Royal Dutch Shell (RDS.A, RDS.B) that the specialty steel the companies were importing is not manufactured in the U.S.
The U.S. Commerce Department approved exclusions for 243 metric tons of steel casing and production tubing Shell said it would use when drilling wells in the Gulf of Mexico, and to CVX for 50 metric tons of corrosion resistant stainless steel tubing.
The exclusions mark a victory for the oil and gas industry, which is concerned that the tariffs could raise their costs; the Commerce Department has processed only 241 out of more than 20K steel tariff exclusion requests.
Shell Subsidiary to Pay $3.8 Million for 2016 Gulf Spill
A subsidiary of Royal Dutch Shell has agreed to pay $3.8 million to the U.S. government to settle a lawsuit over a 2016 oil spill in the Gulf of Mexico.
NEW ORLEANS (AP) — A subsidiary of Royal Dutch Shell has agreed to pay $3.8 million to the U.S. government to settle a lawsuit over a 2016 oil spill in the Gulf of Mexico.
The May 11, 2016, spill of nearly 2,000 barrels (317974.6 liters) occurred about 97 miles (156 kilometers) off the Louisiana coast.
The New Orleans Advocate, citing court documents, reports that an investigation pointed to a leak in a piping system that is used to transport oil from a production well on the sea floor.
The settlement isn’t final. It must first be published in the Federal Register and have a 30-day public comment period before it can get final approval from a federal judge.read more
Natural gas as energy source will continue to grow.
Share buybacks and generous dividends.
Background
Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) has been actively focusing on what kind of business it wants to be involved in. Part of this activity is to change the composition of its assets. It has been selling plants and oil licenses, and invested where it wants to position the company.
Disposals have also been done to reduce the total debt level. Much of the debt came from the $35 billion acquisition of BG Group back in March of 2016.
Disposals
Early this year, Shell communicated that its plans were to leave oil and gas operations in as many as 10 countries and instead focus more heavily on gas-rich Australia and shale opportunities in the United States.read more
Kaikias, an economically resilient, subsea development in the US Gulf of Mexico
HOUSTON, May 31, 2018 /PRNewswire/ — Shell Offshore, Inc. (Shell), a subsidiary of Royal Dutch Shell plc, announces today the early start of production – around one-year ahead of schedule – at the first phase of Kaikias, an economically resilient, subsea development in the US Gulf of Mexico with estimated peak production of 40,000 barrels of oil equivalent per day (boe/d). Shell has reduced costs by around 30% at this deep-water project since taking the investment decision in early 2017, lowering the forward-looking, break-even price to less than $30 per barrel of oil.FULL ARTICLEread more
Map showing the location of Shell’s Dover discovery and its proximity to Shell’s new Appomattox host in the U.S. Gulf of Mexico
HOUSTON, May 24, 2018 /PRNewswire/ — Shell Offshore, Inc. (“Shell”) today announced a large, deep-water, exploration discovery in the Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell). The Dover discovery is Shell’s sixth in the Norphlet and encountered more than 800 net feet of pay (244 meters). The discovery is located approximately 13 miles from the Appomattox host and is considered an attractive potential tieback. Shell’s Appomattox host has now arrived on location in the U.S. Gulf of Mexico and is expected to start production before the end of 2019.read more
Royal Dutch Shell reported its best quarterly profits in five years but disappointed investors yesterday by generating less cash than expected and failing to start promised share buybacks.
The Anglo-Dutch energy giant said that resurgent oil and gas prices helped deliver a 69 per cent surge in profits to $5.7 billion in the first quarter — the highest since the first quarter of 2013.
Underlying profits of $5.3 billion were fractionally ahead of market forecasts but cashflow was below expectations and Shell’s shares fell 0.73 per cent.read more
Shell rendering of its Vito deep-water development in the U.S. Gulf of Mexico. Vito will feature a new, simplified host design and associated infrastructure.
HOUSTON, April 24, 2018 /PRNewswire/ — Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35 per barrel. This decision sets in motion the construction and fabrication of a new, simplified host design and subsea infrastructure.read more
LondonLad: Well “Theo” when you say that “I know for sure the following” followed by a former director said “Black Gold we are digging up” then I think perhaps you are making this up. Most directors of an oil company (even including Shell) would not use the word “digging”! “Drilling” or “producing” yes but certainly not “digging” - exception being the muppets in the HR departments perhaps. In addition your last two sentences are irrelevant to the usual attacks on Shell and are somewhat waffle and insulting to most readers here. You clearly have a problem. I await the onslaught!!
Bogus Group: There are normally two sides to every story, but Mike Curless’ version of his termination employment under the pretext of the takeover of BG reorganisation could hold some credence. However, if there was a fair and transparent succession strategy, Sarah Franklin’s self-promotion, see previous post and article, https://www.accdocket.com/articles/tips-and-insights-a-world-class-combination.cfm must have made her a good candidate for one of the “vacant” roles within the Shell legal team. Time will tell if the relevant due diligence was done on Ms Franklin, considering her escapades with a previous company.
Theo Benschop: I know for sure the following. A former director of Royal Dutch Shell had said: it is a simple problem with the Black Gold that we are digging up and selling. All what the government has to do is fix the price of the Black Gold at a level nobody will notice. Maybe add something. But there you have the money to pay for the transition to a more sustainable energy. So actually what everybody wants in the agreements in Paris.
Also I know for sure that beloved sister Rep. Ilham Omar was perfectly right in her conclusion that a few guilty criminals did something to create the chaos of nine eleven, so not the rest of the world.
So that about 7 Billion simple descendants of the first human beings not being a monkey are supporting her for keep on being the one and only first president of all sovereign or not sovereign United Nations.
jaun carlos: Good day
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Bill Campbell: Caution needed over false almost hysterical claims about current Brent Structures
It was a long time ago but as London Lad highlights in his blog post the onshore disposal of Brent Spar Greenpeace apologised formally to Shell for its claims during that period of intense scrutiny and public interest that the Spar could not be disposed of at sea because it held over 5000 tons of crude oil when in fact it was found to have contained 100 tons of oily sludge much of which was inert silt.
We currently see the emergence again of false and highly emotive claims about what remains in the Brent structures despite Shell and independent published reports being available with assessments of what remains in the cells. These assessments indicate that the environmental impact of leaving these structures in situ is negligible compared to the safety risks to personnel involved in the attempted removal and disposal on land.
Money in the pockets: The next round of Nigerian "engagements" are well and truly happening now. Bonga SW/A has been a great tool for regulators and others to return to the potential contractors for additional assistance to progress the project.
It might just fly in 2020, and get on stream 20 years after the initial project.
This will be a real money maker to everyone that can participate (staff, EPC contractors, fabricators, installers, regulators, etc.) just not the nation that continues to suffer.
John Donovan: Hello LondonLad.
Good to see that you still visit. Hope you are well. Glad you have felt sufficiently motivated to post a comment again, the first one since 2013 if I recall correctly.
Under your former alias as MUsaint and your current alias LondonLad we have argued extensively about Shell's track record in Nigeria.
I know you speak with authority given your own years in a senior position with Shell in Nigeria.
Suffice it to say that Shell has already paid out over £15 million in compensation to some relatives of the Ogoni 9 and millions more in fines relating to Shell corruption in Nigeria.
The posting of articles and other evidence dating back to those days have emerged from the current Dutch litigation against Shell brought by Esther Kiobel and two other Ogoni 9 widows who have yet to be compensated for the loss of their beloved husbands. Most of the archived articles supplied to me via Amnesty International have never been posted online. There are more to follow.
I note your mention of Greenpeace, the unfortunate subject of undercover activity by Shell's cherished MI6 hires via Hakluyt & Company. No doubt that situation continues.
These companies, including Shell, admitted they “approved of or condoned the payment of bribes on their behalf in Nigeria and falsely recorded the bribe payments made on their behalf as legitimate business expenses in their corporate books, records and accounts”.
Shell must pay a $30million “criminal penalty” over charges it paid $2million to a sub-contractor “with the knowledge that some or all of the money” would be used to bribe Nigerian officials to allow equipment into the country without paying duty. Shell, which has not admitted guilt, must pay a further $18million to repay profits and interests.
LondonLad: Oh, and while I'm on my soapbox why don't those idiots at Greenpeace learn from their mistakes? Now claiming that various Shell North Sea production platforms contain this and that amount of crude should trigger someone in the German Government to question their numbers. Greenpeace were completely wrong with their figures quoted for Brent Spar.
LondonLad: Jeeeez Mr.D you really are scraping the barrel. Articles from the "Tempo" dating from 1996 with still unproven (so one might assume false) claims about corruption in Ogoniland. Have to say that it's still clear that Nigerians remain convinced that the best way to extort money is by attacking Shell (SPDC/SNEPCO) rather than the real culprits which still remain as the State Government, DPR, NAPIMS etc. etc.
Bogus Group: https://www.accdocket.com/articles/tips-and-insights-a-world-class-combination.cfm
Sarah Franklin, Shell’s Associate General Counsel for Safety & Environment and her new team still don’t appear to have a focus on “complex safety matters”. As noted in the article, she would still appear to be “getting her Shell sea legs” despite being in the role for nearly 3 years.
Yesterday’s announcement that the HSE had issued Shell with an Improvement Notice for failing to ensure that the Temporary Refuge on the Gannet Alpha Installation was capable of remaining effective in an emergency, must question the validity of Shell’s focus on safety. TR compliance is not complex, it’s a fundamental prerequisite for the safety of the installation’s personnel in the event of an emergency, anything less is tantamount to dereliction.
If they can’t get basic safety requirement’s right, what chance have they with something more complex. Word of advice to Shell, employ more technically competent people who disclose and address safety concerns and fewer lawyers who suppress them.
This is not a Shell website. Click on Disclaimer link at top of page for more information.
John Donovan’s ebooks
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.
OPL 245 CORRUPTION SCANDAL: LATEST NEWS
$1.3bn Malabu Oil Scandal: Italy Protests Swiss Delay in Releasing Evidence against Shell, Eni 22 Jun 2019 04:10 This Day Chika Amanze-Nwachuku with agency report
Italian prosecutors have expressed dissatisfaction about lengthy delays in obtaining evidence they have requested from Switzerland in the criminal charges against Royal Dutch Shell and Italy’s Eni with regard to …
FG names Shell, Eni executives in $1bn bribery case – The Punch 08 May 2019 11:43 Google ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
FG files fresh charges against Shell executives, JPMorgan over Malabu Oil scandal 08 May 2019 10:01 Herald Sequel to the lawsuit filed last year against Royal Dutch Shell Plc, Eni and JP Morgan for being involved in a $1bn oil block bribery case, the Federal Government has submitted new case documents that indict their top executives.
FG said in the court files …
FG names Shell, Eni executives in $1bn bribery case 08 May 2019 08:09 Punch Newspapers ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245 02 Mar 2019 10:19 Biz Watch Nigeria Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011.
Shell said in a …
NEWS PROVIDED BY Shell: Nov 14, 2019, 16:11 ET
By 
In brief
Printed below is an English translation of an article published today by the Dutch Financial Times, 
Beeld: Getty Images/ bewerking: FD Studio
The boss of oil giant Shell has admitted he is “still unhappy” with the firm’s safety performance, despite pledging a redoubling of efforts in 2018.
Latest news roundup for Royal Dutch Shell Plc. News reports from the Wall Street Journal, Reuters and other news media organisations.
By: 
Shell Subsidiary to Pay $3.8 Million for 2016 Gulf Spill
HOUSTON
Map showing the location of Shell’s Dover discovery and its proximity to Shell’s new Appomattox host in the U.S. Gulf of Mexico 
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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.
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