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Posts on ‘August 8th, 2017’

Shell restarting Europe’s biggest oil refinery

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European diesel prices slumped as traders anticipated more fuel supply.

Shell is trying to restart a crude distillation unit at the Pernis refinery in Rotterdam.

A Shell spokesperson said: “Shell Pernis shut down most of its units on July 30 due to a power outage.

We are currently restarting a number of units as part of the phased restart of the full complex. Complete restart will take place in a structured and controlled way. Flaring and noise will be part of recommissioning. We will do our utmost to minimize impact for residents. read more

Europe’s Biggest Oil Refinery Plans to Restart Key Unit

By Bill Lehane: 8 August 2017, 13:21 BST

  • Shell to try Pernis crude-unit restart, person familiar says

  • Diesel prices slump as traders anticipate increased supply

Royal Dutch Shell Plc will attempt on Friday to restart one of two crude units at Europe’s biggest oil refinery that were halted by a fire late last month, a person with knowledge of the matter said. European diesel prices slumped as traders anticipated more fuel supply.

Shell will try to restart a crude distillation unit at the Pernis refinery in Rotterdam, the person said, asking not to be identified because the matter isn’t public. A spokesman for the company declined to comment. Diesel futures extended their decline by as much as 0.9 percent in less than an hour after the planned restart became known, and were trading at $480 a metric ton at 12:27 p.m. in London, ICE Futures Europe data showed. read more

Shell considers upgrade at Germany’s largest refinery

|By: , SA News Editor:

Royal Dutch Shell (RDS.A, RDS.B) says it is considering expanding capacity at its 140K bbl/day refinery at Wesseling, Germany, which together with the former Godorf refinery near Cologne-Godorf form its 325K bbl/day integrated Rheinland refinery, the largest in Germany.

Shell says an expansion would be part of a series of measures aimed enabling production of fuels that will conform to the International Maritime Organization’s more stringent maximum permitted sulfur levels for marine fuels taking effect in 2020.

The company has not disclosed a time frame for when it might make a decision about the possible expansion.

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Electric cars threaten Brunei plan for oil bonanza

Electric cars threaten Brunei plan for oil bonanza

by: : 8 Aug 2017

Mohammad Yasmin Umar, energy minister, told the FT that Brunei’s energy production could rise… by 2035 to as high as 800,000.  But he acknowledged this aim could be jeopardised by the world oil price depression — and by possible longer-term trends such as the electric car’s “takeover” from combustion-powered vehicles in rich countries. Brunei Shell Petroleum Company… did not respond to a request for comment on the minister’s remarks. FULL FT ARTICLE read more

Rise of electric cars challenges the world’s thirst for oil

Rise of electric cars challenges the world’s thirst for oil

Proposed bans on petrol and diesel vehicles bring further pressure to bear on Big Oil

by: , Energy Editor: 8 Aug 2017

Ben van Beurden, chief executive of Royal Dutch Shell, made no attempt to disguise the challenge facing “Big Oil”. Companies must become more discriminating about which oilfields to develop, he said, with only the most low-cost and productive likely to remain competitive. “We have to have projects that are resilient in a world where demand has peaked and will be declining,” he said. “When will this happen? We do not know. But will it happen? We are certain.” FULL FT ARTICLE read more

Kazakhstan: US sanctions will not affect oil projects

Kazakhstan: US sanctions will not affect oil projects

by: : 8 Aug 2017

New US sanctions against Russia will not affect multi-billion dollar oil projects in Kazakhstan backed by Chevron, ExxonMobil and other western energy majors, the country’s economy minister has said. Italy’s Eni, France’s Total, Exxon and Royal Dutch Shell all hold stakes in Kashagan, another Kazakh oil field. The decision to expand sanctions… was taken to primarily target Gazprom’s under-construction Nord Stream 2 gas pipeline to Germany… partially funded by… Shell… FULL FT ARTICLE read more

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