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Posts on ‘September 13th, 2017’

Shell set to draw line under a century of Iraqi oil

Ron Bousso: SEPTEMBER 13, 2017

LONDON (Reuters) – Royal Dutch Shell is set to end a century of oil production in Iraq by withdrawing from two of the Arab state’s flagship fields to focus on more profitable gas development.

Shell’s retreat highlights the challenges foreign operators face with low-margin oil contracts in Iraq, an OPEC member that sits on some of the world’s biggest oil reserves and wants to boost production after years of conflict hindered development.

The Anglo-Dutch firm said on Wednesday it had agreed with Iraq’s oil ministry to relinquish operations at Majnoon field to the government after unfavorable changes to fiscal terms. The announcement confirmed an earlier Reuters report. read more

Shell Sees Opportunity in Clean Hydrogen Production

A large hydrogen plant could be a step toward a clean energy future.

Travis Hoium (TMFFlushDraw) Sep 13, 2017 at 7:06AM The dream for those of us following renewable energy is to someday be able to produce 100% of the world’s energy from renewable sources. Wind and solar power could easily provide enough energy to replace every power plant and barrel of oil in the world, if only there were a cheap, easy way to store it. Batteries are expensive and chemically intensive, so hydrogen was always seen as a top-option for long-term energy storage.

Royal Dutch Shell (NYSE:RDS-A) (NYSE:RDS-B) and ITM Power (NASDAQOTH: ITMPF) may have taken a small step toward building a hydrogen-fueled renewable future earlier this month by announcing a 10-megawatt  electrolyzer complex in Germany that will supply hydrogen to its refining plant. The hydrogen could also be used to help balance the grid or be sold to customers for their own uses.

A big deal for hydrogen

Hydrogen has incredible potential to disrupt the energy industry, but it has been rendered all but obsolete in most of the auto industry, pushed aside in favor of rapidly improving batteries. There’s no point in building a hydrogen vehicleor the necessary infrastructure if batteries can charge quickly and are cost-effective. read more

Shell Targets Alternative Fuel Stations

By Tsvetana Paraskova – Sep 12, 2017, 12:30 PM CDT

Shell—one of the oil majors that is increasingly betting on natural gas and low-carbon fuels—is targeting 20 percent of its global fuel station sales to come from electric vehicles recharging and low-carbon fuels by 2025, John Abbott, Downstream Director at Shell, told Reuters in an interview published on Tuesday.

While Shell plans to expand fuel stations in China, India, and Mexico—where it sees growth in this market over the next decade—it would continue to focus on meeting demand for cars running on fuels alternative to gasoline and diesel, Abbott said. read more

Shell Presents Plan for Iran’s Kish Gas Field

Wednesday, September 13, 2017

Royal Dutch Shell on Tuesday presented its development proposal to Iran’s Petroleum Engineering and Development Company for Kish Gas Field in the Persian Gulf.

Hans Nijkamp, vice president of Shell, elaborated on development plans in a meeting with Noureddine Shahnazi-Zadeh, chief executive of PEDEC, and Gholamreza Manouchehri, the deputy for development and engineering at the National Iranian Oil Company, Shana reported.

A memorandum of understanding was signed between NIOC and Shell in December to conduct technical studies on the field. read more

Shell Canada shuts some gas operations due to southern Alberta wildfire

Nia Williams: SEPTEMBER 12, 2017 / 8:59 PM

CALGARY, Alberta (Reuters) – Shell Canada, a subsidiary of Royal Dutch Shell Plc (RDSa.L), is shutting some gas operations in its Waterton complex in southern Alberta as a precaution against an uncontrolled wildfire raging nearby, the company said on Tuesday.

The Waterton complex includes natural gas wells and a processing plant and has production capacity of nearly 179 million cubic feet per day.

So far the company has not shut its Waterton gas plant but is closely monitoring the situation, spokesman Cameron Yost said in a statement. read more

Shell says to focus on Basra gas in Iraq after Majnoon exit

SEPTEMBER 13, 2017 / 7:52 AM

LONDON (Reuters) – Oil major Royal Dutch/Shell said on Wednesday it would focus its efforts on the development and growth of the Basra Gas Company in Iraq after handing over operations of the Majnoon oil venture back to the Iraqi government.

On Tuesday, Reuters reported that Shell Iraq has started preparations to finalize the exit of Shell from Majnoon, one of the largest fields in the country.

“In May 2017, the ministry of oil in Iraq applied the performance penalty and remuneration factor on the Shell operated venture, the Majnoon oil field, which had a significant impact on its commerciality,” a Shell spokesman said. read more

Kiobel v Shell lawyers hearing 12 Sept 2017

Andrew Denney, New York Law Journal: September 12, 2017

Forcing Cravath, Swaine & Moore to hand over documents related to litigation against Royal Dutch Shell to a plaintiff seeking redress in Dutch courts would give rise to “discovery litigation tourism,” an attorney for the firm said Tuesday in arguments before a federal appeals court.

Esther Kiobel, who was unsuccessful in her effort to hold Shell liable in American courts for the 1995 execution death of her husband and eight others under the Alien Tort Statute, has taken her fight to the courts in the Netherlands. read more

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