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Posts on ‘September 8th, 2017’

Shell suspends some ops, reduces staff at eastern Gulf of Mexico assets

SEPTEMBER 8, 2017 / 5:42 PM

(Reuters) – Royal Dutch Shell (RDSa.L) on Friday said it has suspended some of its well operations and reduced staff at its eastern Gulf of Mexico assets as a precautionary measure ahead of Hurricane Irma.

The company said there was currently no impact on production.

Hurricane Irma, one of the most powerful Atlantic storms in a century, menaced Cuba and the Bahamas on Friday as it drove toward Florida after lashing the Caribbean with devastatingly high winds, killing 19 people and leaving catastrophic destruction in its wake. read more

USA: Shell’s law firm refuses to hand over evidence critical for Ogoni Nine case

8 September 2017, 10:55 UTC

Shell’s US law firm is refusing to hand over more than 100,000 internal documents crucial to a legal case in the Netherlands which is alleging the oil giant’s complicity in the unlawful arrest, detention and execution of nine men in Nigeria in the 1990s, Amnesty International said ahead of a US Court of Appeals hearing next week.

The execution of the “Ogoni Nine”, including the renowned writer Ken Saro-Wiwa, by the Nigerian state in 1995 sparked global outrage. It was the culmination of a brutal campaign by Nigeria’s military government to silence protests in the oil-producing Niger Delta region. read more

The North Sea Oil Recovery Is Dead In The Water

By Nick Cunningham – Sep 07, 2017, 6:00 PM CDT

The oil majors issued a vote of confidence for the North Sea in recent days, citing precipitous declines in the cost of production, which they say will revive the region’s oil and gas production.

At an oil industry conference in the North Sea’s oil capital, Aberdeen, the chief executives of BP and Royal Dutch Shell both offered bullish assessments for the turnaround underway off the coast of Scotland. BP’s Bob Dudley said the North Sea is “back to growth,” according to the FT. read more

UPDATE 1-Kazakhstan may strike separate deal with OPEC on oil output curbs

Kashagan has been developed by a consortium of China National Petroleum Corp, Exxon Mobil, Eni , Royal Dutch Shell, Total, Inpex and KazMunaiGas.

By Mariya Gordeyeva: SEPTEMBER 7, 2017 / 2:28 PM

ASTANA, Sept 7 (Reuters) – Kazakhstan is aiming for a standalone deal with leading global oil producers on restraining its crude production due to a need to crank up output at its Kashagan field, a Kazakh official said on Thursday. 

The Central Asian nation increased oil and gas condensate output by 9.9 percent in January-July to 49.907 million tonnes, or 1.724 million barrels per day (bpd), exceeding its quota of 1.7 million bpd under a global supply pact. read more

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