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Shell exec says energy sector has itself to blame for current woes

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Posted by Jordan BlumDate: May 05, 2016

The oil and gas sector largely has itself to blame  for the financial hemorrhaging many energy companies now face, said Harry Brekelmans, Royal Dutch Shell’s projects and technology director.

Rather than just  low price of oil, redundancies, cost overruns and inefficiencies throughout the supply chain have made the industry far too inefficient during years of growth with $100 per barrel oil, Brekelmans said at at the Offshore Technology Conference in Houston. read more

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Shell agrees to sell its French LPG business

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Posted on May 19, 2015 | By Jordan Blum

Screen Shot 2014-10-30 at 09.22.43Shell agrees to sell its French LPG business

Royal Dutch Shell has agreed to sell its liquefied petroleum gas subsidiary in France for more about $520 million as the Dutch energy supermajor continues its efforts to sell off its LPG businesses worldwide.

Shell, which is increasingly focusing on oil and liquefied natural gas with its planned acquisition of BG Group, said it is in exclusive talks to sell its subsidiary, France-based Butagaz LPG, to Ireland-based DCC Group, which largely focuses on LPG distribution throughout Europe.

Shell said it has a binding offer of 464 euros, or roughly $520 million, and that the detail should be finalized this year. 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 announces Gulf Coast site for potential multibillion-dollar plant

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Posted on by Zain Shauk

Royal Dutch Shell has picked a site in Louisiana for a plant costing at least $12.5 billion that would turn natural gas into diesel, jet fuel and other liquids, the Louisiana governor’s office announced Tuesday.

Shell said the project, which is no sure thing, could help to harness more domestic natural gas to make transportation fuels. The company will continue to consider the option before making an investment decision at the site in Ascension Parish, Louisiana, according to the news release. 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 awards contract for worlds deepest floating production facility

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A Dutch offshore services company will provide a floating production platform for Royal Dutch Shell’s Stones field project in the Gulf of Mexico, which the companies say will be the deepest-water field served by such a vessel.

Shell will lease the Floating Production Storage and Offloading vessel from  SBM Offshore for development of its Stones field, which is in 9,500 of water and approximately 200 miles offshore.

The companies did not disclose the value of the contract in their announcement Tuesday. 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.

House advances plan to unleash drilling on US-Mexico maritime border

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The House of Representatives advanced two items on the oil industry’s wish list Thursday, by passing legislation that would unleash drilling in the Western Gap area of the Gulf of Mexico and waive new financial reporting requirements on companies’ foreign dealmaking.

The legislation passed 256-171 would implement a one-year-old agreement between the United States and Mexico that sets the framework for oil and gas development along the two countries’ maritime boundary. Although Mexico ratified the deal in April 2012, Congress has not acted on it — despite oil companies’ zeal to develop the region. 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 tanker departs Shell Martinez refinery hits San Francisco Bay Bridge

The oil tanker Overseas Reymar struck “a glancing blow” to a tower of the San Francisco-Oakland Bay Bridge after unloading crude at a Royal Dutch Shell refinery the day before.

The collision occurred at 11:20 a.m. local time, the U.S. Coast Guard said in an e-mailed statement. No oil was released, a notice to the California Emergency Management Agency shows.

The tanker was damaged above the waterline, with no breach of the hull, said Captain Peter McIsaac, port agent for the San Francisco Bar Pilots. 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: Oil spill barge close to beginning Arctic journey

Posted on August 7, 2012 at 9:11 am by Jennifer A. Dlouhy in Alaska,

The newly renovated barge that Shell is counting on to help clean up any oil spill in Arctic waters may soon be ready to set sail from a Washington state shipyard.

Shell and Superior Energy have been winnowing down a once-400-item to-do list for the Arctic Challenger barge, based on Coast Guard inspections while it was being built in Everett, Wash.

If it clears Coast Guard inspections and successfully passes an oil spill containment drill for Interior Department regulators, the barge could be ready to begin its journey north in about a week, said Shell Oil Co. spokeswoman Kelly op de Weegh. 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.

Exxon may lead drop in global oil profits on lower prices

Top Houston companies by market value

Posted on July 25, 2012 at 6:40 am by Bloomberg

The world’s largest oil companies are poised to report a drop in second-quarter earnings after crude prices declined for the first time in three years.

Exxon Mobil Corp. (XOM), the world’s biggest oil company by market value, will probably say tomorrow net income dropped 13 percent from a year earlier to $9.3 billion dollars, based on the average of five analysts’ estimates compiled by Bloomberg. Royal Dutch Shell Plc (RDSA), Europe’s top oil producer, is expected to see profit decline 4 percent after adjusting for certain gains and losses. 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.