Jules Schoenmakers of Shell said: "Operators are looking for breakthrough technologies and new approaches in this emerging business. The size of the market appears large enough to support many businesses and teams of specialised well abandonment professionals for several decades."
North Sea
5,000 oil wells face closure
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.
They know what they have to do: launch the life rafts and get out
In July 2002, a Sikorsky S76 helicopter was ferrying personnel between a platform and a drilling rig, both owned by Shell, when it ditched about 25 miles north-east of Great Yarmouth, killing all 11 on board. In March 1991, six men were killed when a Sikorsky S61N struck a crane on a Shell oil platform and plunged into the sea 116 miles east of Lerwick in Shetland.
Shifts in corporate philanthropy
Early manifestations of the change included the mauling handed out to Royal Dutch Shell over its plans to dispose of the Brent Spar oil platform in the North Sea...
Shell ‘risk-free’ North Sea still vital
SHELL'S UK chairman has pledged the oil major's continuing commitment to the North Sea despite his belief that more than half the area's natural reserves have been produced. James Smith told The Scotsman that the fact that there was still a "low risk" in operating in the North Sea compared with some regions of the world also remained a big plus for the major explorers.
BP and BG agree North Sea asset swap
LONDON, Dec 3 (Reuters) - BP said on Wednesday it has agreed to an asset swap with UK gas producer BG Group which would strengthen its position as a major operator of fields in the southern region of the UK North Sea.
North Sea oil and gas reserves may pass to Brussels under proposals in the new EU constitution
According to a leaked Department of Trade and Industry memo obtained by The Telegraph (News, Nov 7), DTI civil servants are concerned that control of our North Sea oil and gas reserves may pass to Brussels under proposals in the new EU constitution.
Safety legacy left by Piper Alpha
A review into safety in the offshore oil industry in the North Sea was announced earlier this week.
Storm clouds gather over the West of Shetlands, Britain’s last gas frontier
Gordon Brown has made energy a priority for his Government and in April encouraged BP and Shell to spend more in the UK. We do need the oil coming out of the North Sea; we do need to encourage the new exploration, he said.
Oil price boom sparks new North Sea gold rush
The North Sea is set for a second oil boom as record prices open up reserves previously regarded as too expensive to exploit. Aberdeen is set to be the new Dallas as the second North Sea oil boom gets underway.
Oil explorers find new fields to conquer
Companies are also dipping into unconventional hydrocarbon deposits the sticky mountains of tar sands in Alberta, Canada and on the banks of Venezuelas Orinoco river, the tight sands gas reserves of western Australia, and the methane trapped in long-disused European coal mines.
North Sea oil reserves ‘will last decades’
In 2004, Shell stunned shareholders when it revised its proven oil and gas reserves, slimming the figure by 20%. The revelation had an instant impact on the company's share price and has served as a lesson to the industry ever since
Strike could affect Shell’s production
THE CALGARY HERALD: Royal Dutch Shell PLC, Europe's biggest oil producer, may be forced to cut output from a North Sea platform if rig managers strike this weekend.
U.S. Probes Crude Oil Trading for Price Manipulation (Update3)
May 30 (Bloomberg) -- The U.S.Commodity Futures Trading Commission, the watchdog for commodity transactions, is investigating U.S. crude oil trading to determine whether the surge to record prices is the result of manipulation or fraud.
Intriguing £3 million gift/bonus for Prince Andrew
Kazakh wealth comes from reserves of oil, gas and minerals. Britain is the third-largest foreign investor, with British Gas, Shell and BP among members of a Caspian Sea consortium exploring the Kashagan field, thought to contain 1.5 times the reserves of the North Sea.
Update on Shell employee safety issues from Bill Campbell, former Shell HSE Group Auditor, Shell International
Upstream Magazine reported and made Society aware on 14th March technical problems with lifeboats on Brent Bravo and Tern. Although the HSE now confirm that lifeboats had now been repaired it was neglect of maintenance and failure to invest in replacement lifeboats which led to the problems arising. All this in a Company earning net profits of circa $3 million per hour and which in the last day or two announced record quarterly profits. This is a Company that constantly replays in response to any criticism that Safety is its Number 1 priority and it would never compromise safety.
The Majors Look West, Again
After years of shunning North America and Europe in favor of exotic locales that promised oil in far greater quantities at a much lower cost, the industry's largest players have come crawling back. The reason? Those big projects have been difficult to pull off and haven't made up for declining production in more mature regions like the U.S. Last year the five largest U.S. and British oil companiesExxonMobil, Royal Dutch Shell (RDSA), BP (BP), Chevron (CVX), and ConocoPhillips (COP), which together account for 11% of worldwide outputsaw their oil production slide 3%, to 10 million barrels per day. Those shrinking supplies are one reason that oil now tops $125 a barrel.
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