Canada
Shell claims demand for LNG could outpace supply
Why The Next Oil Boom Will Be Fueled By Blockchain
By Meredith Taylor – Feb 21, 2018, 6:00 PM CST
Big Oil is due for a disruption.
The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long.
But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector.
It’s official: Blockchain technology has infiltrated Big Oil.
The hype behind blockchain has reached a full-blown frenzy. And for good reason.
The technology, which creates secure ledgers for digital transactions and rapidly accelerates the pace at which transactions can be made, has the potential to disrupt every major industry: real estate, shipping, banking and healthcare.
Shell Commits to Expanding Gas Stations as Some Rivals Retreat
Istvan Kapitany, head of Shell’s global retail business
By Kevin Orland: 9 February 2018
(Bloomberg) — While many oil producers are stepping back from their retail operations, Royal Dutch Shell Plc is doubling down.
Shell, which has about 44,000 filling stations around the world, opened its first one in Mexico last year, the start of $1 billion in investments over the next decade. Shell also is ramping up spending in China, India, Indonesia and Russia, Istvan Kapitany, head of Shell’s global retail business, said in an interview in Calgary.
Canadian shale boom triggers quakes in Alberta town as frackers rush to drill new wells
Communities like Fox Creek, Alberta, are feeling the economic benefits of the shale boom, along with fracking-linked earthquakes.
Drilling has been so intense near Fox Creek, Alberta that it’s been linked to a series of earthquakes.
Bloomberg News: Robert Tuttle: February 9, 2018: 12:59 PM ESTIn the Western Alberta town of Fox Creek, roughnecks shuffle through hotel lobbies, freight trucks choke slushy streets and, every once in a while, tremors shake the earth.
Welcome to Canada’s biggest shale boom. Chevron Corp., Royal Dutch Shell Plc, Encana Corp., Murphy Oil Corp. and XTO Energy Inc. are among those flocking to Fox Creek to stake their claim in the oil-rich Duvernay shale formation.
Here, the prize is condensate, an ultra-light oil that’s perfect for diluting the heavy tar-sands crude for which Alberta is known. More locally produced diluent would be a plus for Canadian companies that now depend on the U.S. — and for communities like Fox Creek that are feeling the economic benefits along with fracking-linked earthquakes. More of both may be in the offing as drillers flock in Chevron’s wake into the Duvernay region.
Financieele Dagblad: Shell is fully committed to oil and gas from shale
Printed below is an English translation of an article published by the Dutch equivalent of the Financial Times, Financieele Dagblad under the headline “Shell is fully committed to oil and gas from shale“.
• Energy Editor
Shale gas and shale oil may then have a negative sound in Europe and hardly play a role, governments in the US, Canada, China and Argentina do see a lot of it. Shell hopes to benefit from this favorable investment climate in the coming years, especially now that the company has drastically reduced the costs of extracting shale gas and oil in recent years.
U.S. offers drillers nearly all offshore waters, but focus is on eastern Gulf
Ernest Sheyder and Valerie Volcovici
HOUSTON/WASHINGTON (Reuters) – President Donald Trump’s administration has proposed opening up nearly all of America’s offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of it, now cordoned off by the Pentagon: the eastern Gulf of Mexico. “The eastern Gulf of Mexico could be very attractive to industry because of the proximity to existing infrastructure in the central and western Gulf of Mexico,” the National Ocean Industries Association, which represents the offshore oil and gas industry, said in a statement. FULL ARTICLE
Shell share price: Group’s future growth to depend on shale
Oil major’s disposals continue with stake in Dutch wind farm
by Tsveta Zikolova: Monday, 08 Jan 2018, 08:58 GMT
The growth of Royal Dutch Shell’s (LON:RDSA) oil and gas operations in the next decade will depend on shale production, the company’s chief executive has told the Financial Times. In a separate development, Reuters reports that the energy major has inked a deal to offload a stake in a Dutch wind farm.
Shell’s share price has been little changed this morning, having inched 0.04 percent lower to 2,529.00p as of 08:24 GMT. The group’s shares are marginally outperforming the broader UK market, with the benchmark FTSE 100 index currently standing 0.15 percent lower at 7,712.82 points.
Shell Canada donates $1 million worth of technology to organizations in need across Canada
PRESS RELEASE PR Newswire
Nov. 28, 2017, 10:30 AM
Canadian Electronic Recycling Association celebrates major milestone and equips 12 agencies in need, including Tsuu T’ina Nation
CALGARY, Nov. 28, 2017 /CNW/ – Shell Canada today announced a $1 million donation of computer equipment to the Canadian Electronic Recycling Association (ERA), who will distribute it to organizations in need across Canada. This is the ERA’s single largest donation to date and marks a milestone for the organization.
To kick off this donation, Shell and the ERA will distribute more than 300 recent model computers, laptops and monitors to 12 organizations across Canada on November 28 as part of “Giving Tuesday” (#GivingTuesday www.givingtuesday.org). The remainder of the donation will be given out to schools and other organizations over the coming months. Organizations are encouraged to contact the ERA (www.era.ca) to find out how they can access this donated equipment. FULL ARTICLE
Reuters: Two Alberta oil sands upgraders warning of volume cuts
Two oil sands upgraders in Alberta – Royal Dutch Shell (RDS.A, RDS.B) and Suncor Energy’s (NYSE:SU) Syncrude – are warning customers about cuts to synthetic crude output in November because of upsets at the plants, Reuters reports.
Shell Canada is telling customers that synthetic crude volumes from its 255K bbl/day Scotford upgrader may be lowered this month and possibly next month because of a valve leak, and the Syncrude oil sands project, which has capacity to produce nearly 350K bbl/day, also is telling customers it will cut synthetic crude volumes by ~5% in November, according to the report.
Shell Canada says Quest carbon capture and storage project exceeds expectations
17 NOVEMBER 2017
Shell Canada’s Quest Carbon Capture and Storage (CCS) project in the Alberta oil sands has sequestered over two million tonnes of carbon dioxide underground. Quest, situated at Shell’s Scotford facility, hit the two million tonne target in July 2017, some 21 months after becoming operational. The company said the target was originally expected to be reached after two years, and the project was exceeding expectations.
“This project has just been incredibly exciting because not only are we proving that this technology works, but we are demonstrating that Canadians are at the forefront of carbon capture and technology,” said Shell Canada external relations advisor Conal MacMillan. The CCS project, which is among just a handful throughout the world, captures CO2 emissions from the Shell upgrader in Scotford, a facility which processes crude bitumen from oil sands into a wide range of synthetic crude oils. FULL ARTICLE
One person injured after heavy oil leak at Shell Scotford northeast of Fort Saskatchewan
CATHERINE GRIWKOWSKY: 15 November 2017
One person was injured and the Shell Scotford site was evacuated for several hours after a heavy oil mixture leak on Wednesday afternoon. The “hydrocarbon release” happened around 12:30 p.m. inside a processing unit at the Scotford Facility near Fort Saskatchewan, according to a statement sent by Tara Lemay on behalf of Shell. The all-clear was sounded at 6:30 p.m. One person reported a minor injury and all non-essential personnel were moved off-site as a precaution, the statement said. All personnel were accounted for. FULL ARTICLE
Employees relocated after ‘hydrocarbon release’ at Scotford upgrader outside Edmonton
Emergency crews were called to respond to a hydrocarbon release at a Shell Canada’s Scotford upgrader facility northeast of Fort Saskatchewan on Wednesday afternoon. Craig Ryan/ Global News
By Emergency crews were called to respond to a hydrocarbon release at a Shell Canada facility northeast of Fort Saskatchewan on Wednesday afternoon. The company said the incident unfolded at its Scotford upgrader facility which processes crude bitumen. Late Wednesday afternoon, Shell confirmed an alarm was sounded and personnel were “relocated away from the incident as a safety precaution.” FULL ARTICLE
Shell Invests to Boost Global Gas Demand
Europe’s biggest energy company is investing in projects to boost global gas demand and aims to continue feeding the market it’s nurturing with new liquefied natural gas export plants.
Royal Dutch Shell Plc is supporting the development of gas use in heavy transport such as shipping and is also helping smaller and less credit worthy customers begin importing LNG, Maarten Wetselaar, the company’s director of integrated gas and new energies, said at an event at Bloomberg’s Sydney office Wednesday. As new LNG customers enter the market, that will open a window for Shell and others to develop new low-cost export plants. “I want to create shorts that we can build projects against,” Wetselaar said. “As we develop the market, we’ll need new supply. We will build new LNG projects to serve that market, but as for where, I would be wrong to tell you.” FULL ARTICLE
Canada’s Oil Industry Doomed If Prices Fall Lower
By Nick Cunningham – Aug 20, 2017, 6:00 PM CDT
Canada’s oil industry has faced a lot of strain lately. The list of oil majors selling off assets and withdrawing from high-cost oil sands is long. ConocoPhillips, Royal Dutch Shell, Marathon Oil, Murphy Oil and Statoil have sold upwards of $25 billion worth of oil sands assets this year. ExxonMobil also wrote down more than 3.5 billion barrels of oil reserves in Canada at the beginning of 2017. The companies viewed Alberta’s bitumen and heavy oil as no longer competitive in a $50 market, and many of them are focusing on other types of production, such as shale. FULL ARTICLE
Trump Rolls Back Anti-Corruption Efforts in the Oil Industry
By Steve Coll: 11 August 2017
The rule, which was mandated by a law co-sponsored by former Republican Senator Richard Lugar, of Indiana, and Democratic Senator Ben Cardin, of Maryland, was designed to combat bribery and corruption, especially in poor countries governed by kleptocrats. Thirty other countries, including Canada and the members of the European Union, had already adopted similar requirements. Yet the American Petroleum Institute and companies such as ExxonMobil, at the time when Secretary of State Rex Tillerson was still its C.E.O., had lobbied against the rule. They said that it was costly to implement and gave unfair advantage to overseas competitors to which it did not apply. When Trump took power, the lobbyists got their way.
Shell’s 88 page global transformation plans leaked to John Donovan
Embarrassingly for Shell, as the New York Times has reported this morning, I have a leaked copy of an 88 page Shell internal document setting out proposals for Shell’s global plans generally and in particular for the Netherlands, where several hundred more jobs are going to disappear. Part of a world-wide jobs upheaval at Shell.
A few days ago, CEO Ben van Beurden, mindful of the prospect of a falling oil price, claimed that Shell “is getting fit for the $40s.” Now we have a detailed insight about the scope of proposed transformational change at Shell deemed essential to achieving that objective. Embarrassingly for Shell, as the New York Times has reported this morning, I have a leaked copy of an 88 page Shell internal document setting out proposals for Shell’s global plans generally and in particular for the Netherlands, where several hundred more jobs are going to disappear.
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.
