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Posts from ‘July, 2015’

Greenpeace 1, Shell 1

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Screen Shot 2015-07-31 at 19.22.09 Himler Contributor: Media, tech & marketing through the eyes of a seasoned PR strategist. : 31 July 2015

It was the early nineties and I was headed down to Houston with a video crew in tow. Our task: to capture generic footage of motorists filling up at Shell gas stations for use as part of a satellite news feed for an imminent company news announcement.

During the planning and prep session with Shell Oil Company’s CEO, its head of refining and others, I was informed that this would be the company’s first-ever news conference(!). Shell planned to introduce the nation’s first “environmentally enhanced” gasoline*, SU2000E, and we were retained to mount the presser and feed the footage to the dozen cities in which would be available. read more

Help offered to Disinfect Shell’s Soiled Reputation

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Screen Shot 2015-07-31 at 15.44.04By John Donovan

Because of our domain name, many people wrongly gain the impression that this is a Shell website.  

I can only guess they have not studied the site very carefully.

This misunderstanding generates emails meant for Shell every day (including job applications).

Yesterday we received an email from an irate American microbiologist (name and address supplied)

I am done purchasing gasoline from Shell Oil.

I will not support a company that drills in the Arctic, placing a fragile ecosystem at risk for monetary gain.

Instead of investing in Arctic drilling, invest in renewable energy sources. read more

Shareholders should demand that Shell’s activities in the Arctic be stopped

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Screen Shot 2015-07-31 at 12.52.57By a Regular Contributor

Hopefully, Shell will soon accept that in the US Arctic their position is now untenable…

If RDS wants to cut capex (and exposure), FLNG is a good place to start, as Simon Henry suggested yesterday. The Arctic should be next. 

The Arctic is rapidly acquiring a similar profile to the Brent Spar fiasco. The issue is not whether Greenpeace is right or wrong, it is whether Shell can win the hearts and minds of the public to support their efforts. So far, Shell’s own incompetence has been the most significant issue in eliminating any public support they once enjoyed. 

The destruction of drilling vessels and criminal convictions for polluting the environment and failing to keep the required records support the view that Shell do not know what they are doing. Neither Shell’s army of lawyers nor the judges on whom they rely have ever worked offshore and have no idea of what it entails. However, the first time that there is any illegal discharge into the sea or the air (and it will happen), or a fatality, injury or  well control incident, the lawyers who are supporting Shell’s current efforts will have nothing constructive to say.  read more

Shell ship heads for Arctic

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Screen Shot 2015-07-31 at 12.52.57CBS/AP July 31, 2015

PORTLAND, Ore. — Authorities used boats, personal watercraft, poles and their bare hands to remove protesters in kayaks and hanging from bridges who had tried to block a Royal Dutch Shell icebreaker bound for an Arctic drilling operation.

The Fennica left dry dock Thursday afternoon and made its way down the Willamette River toward the Pacific Ocean soon after authorities forced the demonstrators from the river and the St. Johns Bridge.

Several protesters in kayaks moved toward the center of the river as the ship began its trip, but authorities in boats and personal watercraft cleared a narrow pathway for the Fennica. read more

US Coast Guard ends Shell icebreaker bridge protest

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Environmental activists have been removed from a bridge in Portland, Oregon, allowing an icebreaker to join a US Arctic oil-drilling operation.

Police lowered the Greenpeace campaigners dangling on ropes from St John’s Bridge into boats, while the Coast Guard cleared dozens of kayaks.

The icebreaker, chartered by Royal Dutch Shell, had been prevented from leaving port for hours.

A judge has ordered Greenpeace to pay $2,500 (£1,600) per hour of blockage.

The Fennica icebreaker was in Portland for repairs. At one point it had to retreat before the activists refused to move. read more

Fines ordered as long as ship blocked from heading to Arctic

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Screen Shot 2015-06-30 at 21.06.27By STEVEN DuBOIS and DAN JOLING

PORTLAND, Ore. (AP) — A federal judge in Alaska on Thursday ordered Greenpeace USA to pay a fine of $2,500 for every hour that protesters dangle from a bridge in Oregon and block a Royal Dutch Shell icebreaker from leaving for oil drilling in the Arctic.

There was no sign that the protesters were going to abandon the blockade in Portland after the ruling in Anchorage by U.S. District Court Judge Sharon Gleason that Greenpeace is in civil contempt.

Greenpeace USA Executive Director Annie Leonard said the activists will stay in place for now. read more

Shell Icebreaker Retreats After Morning Showdown

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by Jes Burns and Cassandra Profita OPB | July 29, 2015 2:34 p.m. | Updated: July 30, 2015 8:58 a.m. | Portland, Oregon

A Shell icebreaking vessel being protested by activist groups has turned around and is headed back toward the dry dock after a morning showdown with protesters. The St. Johns Bridge was reopened after being temporarily closed.

The U.S. Coast Guard was escorting the icebreaker on the Willamette River and warned the activists that they are breaking the law.

Georgia Faye Hirsty was one of the 13 hanging protestors. Speaking from her mobile phone while hanging from the bridge on Wednesday, she said she was glad to know the Arctic-bound icebreaker would remain in Portland for another day. But she said she and her fellow demonstrators weren’t about to declare victory and go home. read more

Shell, Greenpeace headed back to court Thursday

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Screen Shot 2015-07-30 at 14.36.19BY ELWOOD BREHMER, ALASKA JOURNAL OF COMMERCE: 30 July 2015

Shell and Greenpeace USA will go back to court Thursday to determine if Greenpeace protesters are violating a court injunction after a Wednesday teleconference hearing before Alaska U.S. District Court Judge Sharon Gleason yielded little.

The 4 p.m. hearing on Shell’s emergency motion, which was filed earlier Wednesday, resulted from the actions of 13 Greenpeace activists who lowered themselves from a bridge over the Willamette River in Portland, Ore., in an attempt to block the Shell-leased ice handling vessel Fennica when it leaves a shipyard upriver to return to Alaska. read more

Royal Dutch Shell Profits Continue to Fall, Prompting 6,500 Layoffs By

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By STANLEY REED: JULY 30, 2015

LONDON — Royal Dutch Shell said on Thursday that its profit fell sharply in the second quarter as a strong performance in marketing and refining failed to offset the brunt of lower oil and gas prices.

The oil giant also said it would cut its capital investment and eliminate 6,500 jobs as the drop in oil and gas prices squeezes its vast global exploration and production operations.

The company, based in The Hague, said earnings adjusted for inventory changes and excluding one-time items were $3.8 billion, compared with $6.1 billion in the same period in 2014. read more

Royal Dutch Shell signals Browse FLNG go-ahead far from certain for 2016

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By Angela Macdonald-SmithJul 30 2015

Royal Dutch Shell has signalled that a final go-ahead next year for the Browse floating liquefied natural gas project in Western Australia is far from a certainty given the cost challenges of the venture in the depressed oil price environment.

Chief financial officer Simon Henry listed Browse among several large international projects that would be subject to “the dynamic nature of decision making as we take both the oil price environment but also the supply chain and the cost level into account.” read more

Shell Sells Japan Refiner Stake for $1.4 Billion to Idemitsu

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Screen Shot 2015-07-27 at 08.34.47by Tsuyoshi Inajima and Stephen Stapczynski: BLOOMBERG.COM: 30 JULY 2015

Royal Dutch Shell Plc agreed to sell a 33.24 percent stake in a Japanese refiner to Idemitsu Kosan Co. for about 169 billion yen ($1.4 billion).

The deal for 125.3 million shares in Showa Shell Sekiyu KK is almost 23 percent more than the closing price Wednesday, according to data compiled by Bloomberg. The transaction is scheduled to be completed in 2016, according to a statement from The Hague, Netherlands-based company. The energy major will retain a 1.8 percent holding in the Japanese refiner. read more

‘Shell No!’: Dangling from a bridge to stop Arctic drilling

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By Justin Wm. Moyer July 30, 2015

In the annals of extreme protesting, there are tree-sitters and there are sleeping dragons. Add to these the bridge-dangle — a technique craftily employed by 13 environmental activists in Portland, Ore., who wish to prevent a ship vital to Royal Dutch Shell Arctic drilling from leaving the Lower 48.

“They are creating a human barricade so that the Shell icebreaker cannot get through,” Annie Leonard, the executive director of Greenpeace USA, told KATU in Portland. “They are prepared to stay up there for days because that’s what it is going to take to save the Arctic.”

The protesters took to the St. Johns Bridge over the Willamette River early Wednesday to block the icebreaker, named the Fennica, from heading north to protect Shell’s fleet from ice and respond to an oil spill, should one occur. As the Associated Press reported, the ship is being repaired after its hull was gashed in the Aleutian Islands after a collision with an underwater object. read more

Shell to cut jobs, spending to cope with lower oil prices

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Screen Shot 2015-07-30 at 08.23.47LONDON | BY RON BOUSSO AND KAROLIN SCHAPS: 30 July 2015

Royal Dutch Shell on Thursday reported a 37 percent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices.

The Anglo-Dutch oil and gas company also said it was planning more asset disposals alongside its proposed $70 billion acquisition of BG Group, bringing total asset sales between 2014 and 2018 to $50 billion.

“We have to be resilient in a world where oil prices remain low for some time, whilst keeping an eye on recovery,” Chief Executive Officer Ben van Beurden is set to tell investors later in the day, according to the company. read more

Shell to Cut 6,500 Jobs, Reduce Investment by $7 Billion

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By Rakteem Katakey: July 30, 2015″ BLOOMBERG.COM

Screen Shot 2015-07-30 at 08.23.47Royal Dutch Shell Plc, the oil producer buying BG Group Plc for more than $70 billion, said it plans to cut 6,500 jobs this year and reduce capital investment by $7 billion.

Shell is planning for a “prolonged downturn,” the company said Thursday in a statement. Its dividend commitment will remain unchanged at $1.88 per share this year, with at least that amount paid in 2016, the company said.

Second-quarter profit adjusted for one-time items and inventory changes dropped to $3.8 billion from $6.1 billion a year earlier, The Hague-based Shell said. That beat the $3.4 billion average estimate of 16 analysts surveyed by Bloomberg. read more

Royal Dutch Shell to cut 6,500 jobs

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Screen Shot 2015-07-30 at 08.23.47Oil giant Royal Dutch Shell has announced it is to shed 6,500 jobs as part of cost cutting plans.

30 July 2015

The company said the cost cutting was to help “mitigate the impact” on profits amidst a drop in oil prices.

Its “prudent approach” included a reduction in operating costs of $4bn and reduced oil exploration operations.

The company announced profits of $3.4bn in the three months to 30 June, a 35% decrease compared with last year.

Shell also said that it was “planning for a prolonged downturn” in oil prices.

Shell chief executive Ben van Beurden said: “We have to be resilient in a world where oil prices remain low for some time, whilst keeping an eye on recovery. read more

LA Times Editorial: Drilling for oil in the Chukchi Sea isn’t worth the risk

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A polar bear dries off after taking a swim in the Chukchi Sea in Alaska. The U.S. Interior Department has said updated scientific models don’t bode well for polar bear populations across the world, especially in Alaska, the only state in the nation with the white bears. (Brian Battaile / Associated Press)

By THE TIMES EDITORIAL BOARD: 29 July 2015

The Obama administration is being at least somewhat more cautious this time around in allowing Royal Dutch Shell to drill in the Arctic waters of the Chukchi Sea. The company must keep its drills from reaching the oil reserves until it has the equipment in place that can shut down a well in case of a spill. It may not drill in two places within 15 miles of each other because of the potential disruption to walrus habitat. The company has worked hard to convince Interior Department officials that it has overcome the sloppiness that led to a series of mishaps during its first attempt in 2012, including the grounding of its drilling rig. read more

Activists hang off Oregon bridge to stop Shell icebreaker from returning to Alaska

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Steven Dubois | Associated Press: July 29, 2015

PORTLAND, Ore. — Environmental activists rappelled off Portland’s tallest bridge early Wednesday in an effort to stop a Shell Oil Arctic icebreaker from leaving the city.

Thirteen protesters dangled from the St. Johns Bridge while another 13 remained on the bridge as lookouts. Greenpeace USA executive director Annie Leonard said the activists have enough water and food to last for days, and can hoist themselves to allow other marine traffic to pass. read more

Greenpeace Suspends Climbers off Portland Bridge to Block Shell’s Arctic Icebreaker Ship

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Screen Shot 2015-07-29 at 19.21.11BY ZOË SCHLANGER 7/29/15

Early Wednesday morning, 26 climbers affiliated with the environmental group Greenpeace rappelled off the edge of St. Johns Bridge in Portland, Oregon, and suspended themselves in a row, forming what they hope will be a human blockade to prevent a Shell ship from leaving for the Arctic. They each have enough supplies to last for days, a Greenpeace spokesperson said in an emailed statement.

Photos from the scene showed the climbers suspended on ropes high over the Willamette River at dawn. Some appear to have hammock chairs. read more

Protesters in Portland dangle from bridge in a bid to block Shell icebreaker

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Screen Shot 2015-07-27 at 08.34.47In Portland, environmental activists test out a new tactic: Climbers have rappelled off a bridge to block a Shell icebreaker.

By Evan Bush and Hal BerntonJuly 29, 2015 

Trying to delay Shell’s Arctic ice-breaking ship in Portland, 13 protesters are dangling from the St. Johns Bridge, which spans the Willamette River.

The protesters rappelled from the bridge at about 2:30 a.m. as a group of about 50 kayakers looked on, said Michael Foster, a kayaker from Seattle and veteran of earlier protests against Shell that took place in Washington state. Foster said the protesters are now suspended in hammocks and bivouacs, the same gear as would be used for rock climbing. The dangling activists have enough for two days and plan to re-supply, Foster said. read more

Greenpeace again stands in Shell’s way to arctic

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Screen Shot 2015-06-09 at 22.51.53Activists hang under the St Johns Bridge in Portland, Oregon, in an attempt to block the Shell-leased icebreaker MSV Fennica. Photograph: Steve Dipaola/Greenpeace

PORTLAND, Ore., July 29 (UPI) — Greenpeace said Wednesday several of its activists have suspended themselves from an Oregon bridge using climbing gear in a protest against Royal Dutch Shell.

“The next big step in the fight to save the Arctic is happening right now,” the campaign group said in a statement. “Greenpeace U.S. activists have suspended themselves from St. Johns Bridge in Portland, Oregon to block a Shell Oil vessel from leaving port for Alaskan waters.” read more

Activists hang from bridge in Portland to block Shell’s Arctic vessel

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Greenpeace climbers plan to spend days hanging from the bridge in Portland, Oregon in an attempt to hinder Shell’s Arctic oil drilling plans read more

Oregon ‘kayaktivists’ to protest Shell Arctic oil search

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PORTLAND, ORE., JULY 28 | BY SHELBY SEBENS

Protesters began gathering in a riverside park in Portland Tuesday evening, planning to drop kayaks in the water to protest Wednesday’s scheduled launch of a ship to be used by Royal Dutch Shell for Arctic oil exploration.

Following the lead of protesters in Seattle who tried to block ships headed for Shell’s planned oil exploration in the Chukchi Sea, the Portland “kayaktivists” said they would conduct a vigil overnight on the Willamette River, which runs through downtown Portland. read more

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Cindy ShoganExecutive director, Alaska Wilderness League: 28 July 2015

Last week, myself, staff members from Alaska Wilderness League, a few mascots and some inflatable kayaks made our way to Lafayette Park just outside the president’s house — joining in the “kayaktivist” movement to protect the Arctic from Shell. The Save the Arctic movement has grown to a fever pitch this year — what ignited in Seattle with kayaktivists has caught like wildfire throughout the nation. Hundreds of activists have paddled in kayaks, floated on boats and paddle boards, and joined in rallies to say “ShellNo!” read more

More and bigger drilling-linked earthquakes rattle Oklahoma

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Screen Shot 2015-07-28 at 22.24.59By Heide Brandes: 28 July 2015

OKLAHOMA CITY (Reuters) – Several earthquakes shook Oklahoma on Monday as the state experiences a sharp increase in the frequency of tremors linked to wastewater disposal from gas and oil drilling, including from fracking, state and federal officials said.

Three of Monday’s quakes measured above a magnitude 4.0, with a 4.5 earthquake centered just north of Crescent, roughly 45 miles (72 km) north of Oklahoma City, the U.S. Geological Survey (USGS) said. read more

Senate bill would give oil companies a decade more to drill in Arctic leases

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Screen Shot 2015-06-30 at 21.06.27By Jennifer A. DlouhyJuly 27, 2015

WASHINGTON – Shell and other oil companies with leases in U.S. Arctic waters could get an extra 10 years to develop them under a proposal advancing in the Senate.

Sen. Lisa Murkowski, R-Alaska, embedded the Arctic lease provisions in a broader bill that also would lift the U.S. crude export ban, expand offshore drilling and give coastal states a greater share of revenue from the activity.

The measure is slated for action in Murkowski’s Energy and Natural Resources Committee this week and next. If the panel approves the offshore drilling legislation, that would prime it for floor consideration after the Senate’s August recess and position it as a possible addition to a comprehensive energy package also moving through the committee. read more

Shell to move to new shift pattern

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Screen Shot 2015-07-27 at 08.34.47Written by Harriet Brace – 28/07/2015 8:06 am

A major oil firm has confirmed its offshore workers will be the latest to move over to a new three weeks on shift pattern.

Oil giant Shell today confirmed the company will be moving to the new working pattern for offshore employees.

Offshore workers at Shell are currently on a two weeks on, three weeks off rotation.

However, the firm’s representatives have yet to confirm the arrangement for its employees’ off time, which is still under consultation. read more

Big oil to sharpen focus on costs after $200bn of cuts

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By Andrew Critchlow, Commodities editor: 27 July 2015

Three of Europe’s biggest oil companies will report weaker earnings this week and the City is looking for guidance on how to mitigate a sustained slump in Brent crude prices beyond the cost cuts already in motion.

In a market defined by oil prices 60pc lower than they were a year ago, energy giants are running out of options to protect their bottom line and all-important progressive dividends.

The brakes have already been put on 45 oil and gas development projects worth $200bn (£129bn) since prices started to fall towards the end of last year, according to a new report from Edinburgh-based consultancy Wood Mackenzie. Combined, these projects account for around 20bn barrels of reserves. The danger is that international oil companies will reveal this week that even deeper cuts are planned, tipping the industry into a form of atrophy. read more

British energy giants set to axe costs in a bid to cope with falling gas and oil prices

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By LAURA CHESTERS FOR THE DAILY MAIL26 July 2015

The falling price of oil and gas continues to take its toll on energy firms as British Gas-owner Centrica, BP and Royal Dutch Shell are set to reveal increased cost cutting to cope.

The weak oil price has led to £130billion worth of oil and gas projects to be shelved globally, according to consultancy Wood Mackenzie.

In the UK this week Centrica chief executive Iain Conn is expected to reveal the details of a comprehensive strategic review that has been under way since he joined in January. read more

Oil groups have shelved $200bn in new projects as low prices bite

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Screen Shot 2015-05-06 at 11.19.06Shell, which stunned the energy industry with a £55bn agreed offer for BG Group in April, will this week set out deeper cuts to its capital spending this year, revising downwards its most recent estimate of $33bn expenditure.

FULL FT ARTICLE

Iran releases list of oil money debtors

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The oil major Royal Dutch Shell owes Tehran $2.8 billion while it made a net loss of $6 million trading Iranian oil in 2012.

TEHRAN, Jul. 26 (MNA) – Iran’s Central Bank and National Oil Company released the list of companies and refineries owing oil dues to Iran.

During the period US and European sanctions prevented international banks from transferring money to the Islamic Republic, billions of Iran’s oil revenues were frozen in banks overseas.

In a joint statement released by the Central Bank of Iran (CBI) and the National Iranian Oil Company (NIOC) the oil giants and refineries owing to Iran were listed, in which some Greek refineries, British-Dutch-owned Shell refineries, BP, South Korean Petrochemical and Polymer Company, along with Indian refineries top the list of Iran’s oil debtors. read more

Damaged Shell icebreaker arrives in Oregon for repairs

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Screen Shot 2015-06-13 at 09.26.53By – Associated Press – Saturday, July 25, 2015

PORTLAND, Ore. (AP) – Authorities say the Fennica, a vessel that Royal Dutch Shell PLC plans to use in its Arctic offshore drilling project, has arrived in Oregon for repairs.

Portland Police officials said the 380-foot icebreaker arrived at a Swan Island dry dock about 3 a.m. Saturday. The icebreaker is a key part of Shell’s exploration and spill response plan off Alaska’s northwest coast – it protects Shell’s fleet from ice and carries equipment that can stop gushing oil.

The Fennica was damaged earlier this month in the Aleutian Islands when it struck an underwater obstruction, tearing a gash in its hull. read more

Shell backs plans to fire giant bullets into ground to reach geothermal energy

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  • Screen Shot 2015-06-11 at 19.31.15HyperSciences has been awarded a $1 million grant from Shell
  • It has a patent on a new type of ram accelerator for geothermal energy
  • ‘Gun’ will repeatedly fire projectiles at 4,500mph (2 km/s) to blast holes
  • Company claims the technique is ten times faster than traditional drilling

By ELLIE ZOLFAGHARIFARD FOR DAILYMAIL.COM: 25 July 2015

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Pictured is a head-on view of the projectile HyperSciences will use to bore into the Earth’s crust

The answer to Earth’s energy crisis could lie a few thousand feet beneath the planet’s surface.

Here, scientists are hoping a nearly limitless amount of geothermal power will provide enough energy to replace Earth’s rapidly depleting fossil fuel resources.

But harnessing this renewable energy source is currently a slow and expensive process, with costs ranging from $5 million to $20 million.

Now one company believes it has a solution; repeatedly firing projectiles at 4,500mph (2 km/s) to blast deep holes in the ground.  read more

Kayakers will greet Shell Oil icebreaker this weekend

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Friday, 24 July 2015 14:19 | Written by Steve Law

Adopting a page from Seattle protesters, Portlanders concerned about oil drilling in the Arctic Ocean will take to kayaks on Saturday, when Shell Oil’s icebreaker, the Fennica, is expected to arrive at Swan Island for needed repairs. The icebreaker is needed in the Arctic as part of Shell’s plan to explore for oil in the environmentally sensitive northern waters.

A flotilla of “kayaktivists” and others are expected to assemble at 3 p.m. Saturday, July 25, at the Swan Island boat ramp at the end of North Basin Avenue. The flotilla is scheduled to launch at 4 p.m. read more

Shell icebreaker bound for Portland

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EO Media Group: 24 July 2015

Royal Dutch Shell’s MSV Fennica icebreaker vessel passed through Astoria Friday evening and picked up a U.S. Coast Guard escort on its way up the Columbia River to Portland.

The vessel, which suffered a 39-inch gash in its hull and is bound for a Portland shipyard for repairs, is expected to be met by protesters concerned about Shell’s exploration of the high Arctic for oil and gas.

“The ship was on its way to support Shell’s drilling fleet as the company commences putting in two exploratory wells 70 miles off the coast of Alaska. The Chukchi Sea’s icy waters make it far too dangerous to drill without icebreaker ships in support,” according to Sightline, an online news source. read more

Brazil clears $70 bln BG-Shell merger, BG says

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Markets | Fri Jul 24, 2015 5:53pm EDT

BG Group Plc on Friday confirmed that it has received final unconditional clearance from Brazilian competition authority CADE for its acquisition by bigger rival Royal Dutch Shell.

The clearance of the $70 billion merger follows the 15-day period during which the preliminary approval granted by CADE on 8th July could have been appealed.

Shell is set to become the largest Brazilian offshore foreign operator after it completes the merger with BG, which it announced in April. read more

Shell-BG merger approved by Brazil

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THE HAGUE, July 24, 2015 /PRNewswire/ —

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Royal Dutch Shell plc (“Shell”) (NYSE: RDS.A) (NYSE: RDS.B) today announced that its recommended combination with BG Group plc (“BG”) has received unconditional merger clearance from the Brazilian competition authority (CADE), satisfying the first of the pre-conditions to the combination. Other pre-conditions include merger clearances in Australia, China and Europe. read more

Arctic drilling: Obama gives Shell the go-ahead despite 75% chance of major oil spills

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ALICE HARROLD: THE INDEPENDENT: Friday 24 July 2015

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The Obama administration has granted permission to Royal Dutch Shell to drill for oil in the Chukchi Sea, off the northwest coast of Alaska.

The company was given the final approval for its application to drill in the Arctic on Wednesday in what was a major loss for green activists who have fought the drilling plans.

Shell has been granted permission start drilling exploratory wells about 140m off the coast of Alaska – one of the best prospective offshore areas in the world. read more

Shell’s Positioning For Better Russia And Iran Relations Is Part Of Its Global Gas Strategy

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Screen Shot 2015-06-18 at 22.09.48Zoltan Ban: 23 July 2015

Summary

  • Shell has been showing long-term interest in moving more towards natural gas for a while, with natural gas production surpassing its oil production in 2013.
  • Aside from its major acquisition of BG group, it is forming an alliance with Gazprom and is looking to be among the first in Iran.
  • The overall big picture suggests that Shell is giving up on North American shale gas and focusing on being a major player in conventional gas and LNG.

Before Royal Dutch Shell (RDS.A, RDS.B) acquired BG Group, it was already a major player in the gas industry. Its upstream production has been more than half natural gas since 2013 already. It is constantly looking to expand its downstream presence, with plans such as the ethylene plant it wants to build in Pennsylvania, in order to take advantage of the cheap gas in the North-Eastern part of the United States. It also has a gas to liquids plant in Qatar, which is the world’s biggest. It should be no surprise then to see Shell actively involved in setting up a tighter partnership with both Russia and Iran. read more

Green Activists Outraged At U.S. Approval Of Shell Arctic Drilling

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Screen Shot 2015-06-30 at 21.06.27By Andy Tully23 July 2015

Environmental activists are furious that the Obama administration is allowing Royal Dutch Shell to begin its much-debated drilling in the Arctic Ocean this summer, even with one remaining condition.

Two permits were issued July 22 by the Interior Department’s Bureau of Safety and Environmental Enforcement, but with the provision that Shell can drill only one well at a time and that it can’t drill deep enough to reach oil deposits, an estimated 8,000 feet beneath the ocean floor. read more

A Bad Call on Shell

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Screen Shot 2015-05-19 at 18.39.24Michael BruneExecutive Director, The Sierra Club: 23 July 2015

The Obama administration inched a little closer to disaster yesterday when it issued almost-but-not-quite final approval to Royal Dutch Shell to drill in the Chukchi Sea this summer. Because Shell’s capping stack (a critical piece of emergency response equipment) is currently on its way to Portland, Oregon, aboard a damaged icebreaker that requires repairs, the oil company is allowed to drill only part way into the seafloor — stopping short of where the oil is. If and when the capping stack gets to the proposed drilling site, Shell could then reapply for permission to resume drilling the rest of the way. read more

Shell banned from Arctic oil drilling without emergency equipment

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Screen Shot 2015-05-19 at 18.39.24Icebreaker that holds the required equipment has been sent for repairs, which could take weeks

Royal Dutch Shell has been granted two final permits to explore for crude in the Arctic this summer, but the US has banned the company from drilling for oil until emergency equipment arrives in the region.

The US Interior Department’s Bureau of Safety and Environmental Enforcement (BSEE) conditionally granted Shell permits for exploration in the Chukchi Sea off Alaska, in a season which sea ice limits from July until October.

However, Shell must have emergency equipment to contain a potential blown-out well deployable within 24 hours before drilling into the oil zone, the BSEE said. read more

U.S. says Shell is not yet allowed to drill in Arctic oil zone

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The Department of the Interior conditionally granted Shell permits for oil exploration in the Chukchi Sea off Alaska.

Timothy Gardner: Jul 22, 2015 

WASHINGTON (Reuters) – The U.S. Interior Department on Wednesday granted Royal Dutch Shell <RDSa.L> two final permits to explore for crude in the Arctic this summer, but said the company cannot drill into the oil zone until required emergency equipment arrives in the region.

The department’s Bureau of Safety and Environmental Enforcement (BSEE) conditionally granted Shell permits for exploration in the Chukchi Sea off Alaska, in a season which sea ice limits from July until October. read more

Shell gets permits necessary for limited oil exploratory drilling off Alaska’s northwest coast

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Screen Shot 2015-06-13 at 09.26.53Associated Press: July 22, 2015 | 4:29 p.m. EDT

WASHINGTON (AP) — The Obama administration has given Royal Dutch Shell PLC approval to begin limited exploratory oil drilling off Alaska’s northwest coast.

The two permits issued Wednesday clear the way for drilling in Chukchi Sea, but with conditions.

Shell can only drill the top sections of wells because the company doesn’t have on site the critical emergency response equipment to cap the well in case of a leak. That equipment is aboard a ship headed to Portland, Oregon, for repairs. read more

Here’s Why Royal Dutch Shell plc Was Downgraded By S&P

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According to S&P, the softness in crude oil prices and significant capital expenditures, despite recent spending cuts, have weakened Shell’s financial risk profile, which is reflected in the ratings downgrade.

By: MICHEAL KAUFMAN: Jul 22, 2015 

Standard & Poor’s (S&P) has downgraded the credit rating of European oil major Royal Dutch Shell plc (ADR) (NYSE:RDS.A) by one notch, according to a note released Tuesday. The credit rating agency has lowered the long-term corporate credit rating for Shell from AA to AA-, while affirming a short-term rating of A-1+.

“We removed the long- and short-term ratings from CreditWatch, where we placed them with negative implications on April 9, 2015,” S&P said in the note. According to S&P, the softness in crude oil prices and significant capital expenditures, despite recent spending cuts, have weakened Shell’s financial risk profile, which is reflected in the ratings downgrade. read more

Shell accused of providing £25,000 in alcohol to police

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Screen Shot 2015-07-22 at 09.35.09Richard Hartley-Parkinson for Metro.co.uk

Wednesday 22 Jul 2015

Shell has been accused of supplying £25,000 in alcohol to Irish police officers by two suppliers to an Irish gas project.

Desmond Kane and Neil Rooney both claimed in court that they were told by someone from Shell E&P Ireland to buy the alcohol, according to the Irish Journal.

Rooney told Castlebar Circuit Criminal Court that he was asked by senior pipeline engineer Conor Byrne to make the delivery in 2007.

He said he initially bought £7,000 worth of alcohol but was told by Byrne ‘you stupid c**t, there’s over 300 guards here, you’ll have to go back and get more’. read more

S&P cut its rating on Shell after big BG merger

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Standard & Poors cut its rating on Royal Dutch Shell Plc (RDSa.L) by one notch to ‘AA minus’ from ‘AA’, citing a weaker financial risk profile, mainly due to soft oil prices, and continuing substantial capital expenditures.

The rating agency said the outlook on the company is negative reflecting possible adverse effects on credit metrics if the large BG Group Plc (BG.L) acquisition is finalised.

Shell announced in April that it has agreed to buy BG Group Plc for about 47 billion pounds, making it the first oil super-merger in a decade. read more

FT: Royal Dutch Shell taken down a notch by S&P

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Screen Shot 2015-06-04 at 15.36.59The inability of oil prices to push on from the high for the year reached in early May has caught up with Royal Dutch Shell.

That’s the view of credit rating agency Standard & Poor’s, which on Tuesday cut its rating on the Anglo-Dutch oil major’s long-term credit rating to ‘AA-‘ from ‘AA’.

FULL ARTICLE

Dear Mr. President: Prove Your Climate Rhetoric and Stop Arctic Drilling

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Miyoko SakashitaOceans Director, Center for Biological Diversity: 21 July 2015

Dear Mr. President:

I’ve often been struck by your soaring rhetoric on combating climate change, transitioning to clean energy sources, and protecting the natural environment. Clearly on some level you get it, as you’ve demonstrated in speech after speech. That’s why I don’t understand how you could even consider approving Shell’s dangerous plan to drill for oil in the Arctic Ocean this summer – and why I’m imploring you to stop this reckless and short-sighted project. read more

Shell asked for £25,000 worth of alcohol to be delivered to gardaí in Mayo, court told

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The detailed claims were made in a Mayo court last week.

TWO FORMER SUPPLIERS to the Corrib gas project told a jury they supplied £25,000-worth of alcohol to gardaí in 2007 on behalf of Shell E&P Ireland.

The allegations were made by Desmond Kane and Neil Rooney, co-owners of OSSL, which had previously supplied personal protective equipment for the Corrib gas project in north Mayo.

Both claimed that a person from Shell E&P Ireland asked them to buy alcohol in Northern Ireland and store it in a container at the back of their premises in Bangor Erris. read more

Men tell court they supplied alcohol to Belmullet Gardaí for Shell

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Screen Shot 2015-04-20 at 16.56.42EXTRACTS

Under oath, Mr Neil Rooney claimed that the first delivery of alcohol to Belmullet Garda Station was made in 2005, and that in 2007, he was asked by Conor Byrne, a Senior Pipeline Engineer with Shell, to make a large delivery.

Mr Rooney, from Downpatrick, Co Down, said he went to the north and bought £7,000 worth of alcohol. When Mr Byrne saw the amount of alcohol, Mr Rooney claimed he was told there were 300 gardaí in Erris and to get more. He said he bought another £18,000 worth of alcohol. read more

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