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October 31st, 2014:

Shell’s Simon Henry says its not difficult to drill in the Arctic Seas

Screen Shot 2014-10-31 at 17.18.55How reassuring.

According to a Bloomberg article, Simon Henry, a mathematician, accountant, and the Chief Financial Officer of Royal Dutch Shell Plc, has stated in relation to drilling for oil in Arctic seas,  off Alaska –

“Its not that difficult to drill up there.”

The long term bean counter is also quoted as saying “Thirty years ago we went there and drilled several wells pretty quickly.”

His bold statements would have more weight if uttered by someone with expertise in offshore drilling. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

UK News Reports Royal Dutch Shell Quarterly Result

Screen Shot 2014-10-31 at 15.37.24DAILY EXPRESS: Oil giant Shell floats as prices sink

Extracts

ROYAL Dutch Shell unleashed an industry-beating rise in quarterly profit yesterday, despite falling oil prices, and vowed to keep slashing less-lucrative projects.

Finance chief Simon Henry said: “It’s quite likely we’ll take a very close look at investment levels where we have flexibility if we see oil price weakness persisting.”

FULL ARTICLE

Screen Shot 2014-10-31 at 15.40.26DAILY MAIL: Shell posts forecast-busting profit rise of 31pc despite slump in oil prices

Extracts

Shell has managed to weather the sharp drop in the price of oil since June, announcing forecast-busting results for the third quarter. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Moerdijk Impact From Steam Leak

Screen Shot 2014-10-31 at 11.53.12

Styrene prices shot up following a steam leak at Shell’s steam crackers at Moerdijk in the Netherlands early this month.

Shell had to declare force majeure on ethylene and propylene at the unit which makes basic materials for the chemical industry and employs about eight hundred people.

The main repairs will last until at least the end of 2014, with some work not completed until an unspecified date in 2015.

The plant supplies steam to all the plants at the complex.

A Shell spokesman admitted that the steam leak resulted in flaring activity. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.