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Iraq may offer Total, Chevron terms different from Shell for Majnoon field development

OCTOBER 21, 2017

BAGHDAD (Reuters) – Iraq may offer Chevron (CVX.N) and Total (TOTF.PA) terms to develop the Majnoon oilfield different from those it had given to Royal Dutch Shell (RDSa.L), Iraqi Oil Minister Jabar al-Luaibi said on Saturday.

Iraq will develop the Majnoon oil field in southern Iraqi by its own means until it can find a foreign partner, Luaibi told reporters, adding that no company has been selected yet.

Luaibi said on Oct. 9 that Chevron and Total are among the companies that have expressed interest in developing Majnoon that Shell has said it wants to leave because of unfavourable changes to fiscal terms. read more

Zambian villagers win right to sue Vedanta in English courts

Separately, Leigh Day is representing residents from the Niger Delta in a case against Royal Dutch Shell and has appealed against a High Court ruling earlier this year that the company could not be sued in London over oil spills in Nigeria. That case will be next heard in November.

Barbara Lewis: OCTOBER 13, 2017 / 2:33 PM

London’s Court of Appeal on Friday threw out miner Vedanta’s attempt to block the Zambians’ legal action over alleged pollution of their villages.

Vedanta said in a statement it would seek the right to appeal to the Supreme Court, the highest in the English legal system, adding the decision was on jurisdiction only and “was not a ruling or a determination on the merits of the claims”.

Three senior High Court judges dismissed an appeal by Vedanta and its Zambian subsidiary Konkola Copper Mines (KCM)against a ruling in May last year when a High Court judge decided the claim could proceed in the English courts on behalf of 1,826 Zambian villagers. read more

Shell buys NewMotion charging network in first electric vehicle deal

Karolin Schaps: OCTOBER 12, 2017 / 1:23 PM

AMSTERDAM (Reuters) – Royal Dutch Shell (RDSa.L) has agreed to buy Dutch-based NewMotion, the owner of one of Europe’s largest electric vehicle charging networks, marking the company’s first deal in electric mobility as demand for cleaner vehicles is expected to soar.

Shell said NewMotion, which manages over 30,000 charging points for electric vehicles in Western Europe and offers access to thousands more, will operate in parallel to Shell’s program of rolling out fast charging points at its forecourts. read more

Shell divests its interest in Comgas for a headline of US$380 million

HOUSTON, Oct. 10, 2017 /PRNewswire/ — Shell Gas BV, Shell Brazil Holding BV and Integral Investments BV (“Shell”) today announce they have signed an agreement with Cosan Ltd. to execute an existing Put Option Agreement, which allows Shell to sell all of its 16.8% interest in Companhia de Gas de São Paulo (“Comgás”) to Cosan Ltd. Under the agreement, Shell will exchange its ~21.8 million common shares in Comgás for Cosan S.A. Indústria e Comércio (“Cosan SA”) shares plus cash. read more

Shell seeks buyers for Oman field stake – sources

Ron Bousso, Clara Denina: OCTOBER 10, 2017 / 3:55 PM

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) is seeking to sell its 17 percent stake in the Mukhaizna oil field in Oman, which could fetch up to $200 million, banking sources said. 

The sale process is led by investment bank Rothschild, the sources said.

Shell and Rothschild did not respond to requests for comment. 

The Mukhaizna heavy oil field, operated by Occidental Petroleum (OXY.N), reached an average oil production rate of 127,000 barrels of oil equivalent per day in 2016, according to Occidental’s annual report. read more

Chevron starts LNG output at Australia’s Wheatstone, first cargo expected in weeks

OCTOBER 9, 2017

* Wheatstone had been due to start shipping in mid-2017

* First cargo expected in “coming weeks”

* Wheatstone LNG will produce 8.9 million tpy at full capacity (Adds trader, Woodside comments, chart, factbox in related content section)

By Sonali Paul

MELBOURNE, Oct 9 (Reuters) – Chevron Corp said on Monday it has started producing liquefied natural gas (LNG) at its Wheatstone project in Australia, slightly later than expected, and plans to ship its first cargo soon. read more

Citizens must “flood the courts” in fight for climate justice: economist

Deep-pocketed oil companies – from Exxon Mobil to Chevron and Royal Dutch Shell – should bear the bulk of the legal blame and responsibility, but legal tools could also be used to seek remedy from governments.. In September, cities including San Francisco and Oakland filed separate lawsuits against five oil companies using the “public nuisance” doctrine, seeking billions of dollars to protect against rising sea levels.

Adela Suliman: OCTOBER 4, 2017

LONDON (Thomson Reuters Foundation) – The world faces a ticking time bomb in the form of global warming, and recent disasters caused by extreme weather should motivate individuals to urgently seek “climate justice”, said leading U.S. economist Jeffrey Sachs.

The U.N. special adviser urged citizens to “flood the courts” with legal cases demanding the right to a safe and clean environment, and to pursue major polluters such as big oil companies and negligent governments for liability and damages. read more

Interview – Shell Netherlands CEO: More large wind projects wanted

Toby SterlingStefano Berra: OCTOBER 5, 2017

AMSTERDAM (Reuters) – As the Netherlands struggles to meet its renewable energy goals, Shell’s country chief executive sees its role as the architect of big, high-risk projects such as wind turbine farms — for the time being.

In an interview, Marjan van Loon said Shell had joined a coalition of companies urging the Dutch government to greatly increase its ambitions for offshore wind farms from its current plan for 5 tenders of 700 megawatt farms. read more

Shell plans “major maintenance” at Europe’s largest oil refinery

OCTOBER 4, 2017 / 5:26 PM

LONDON (Reuters) – Royal Dutch Shell plans major maintenance involving 12 units at its 404,000 barrels-per-day (bpd) Pernis oil refinery in the Netherlands, the company said on the refinery website.

The maintenance is taking place in October and November, Shell said, without specifying the units involved.

The planned shutdown comes after Shell was forced to shut down the site for several weeks following a fire in late July.

Pernis is Europe’s largest oil refinery.  read more

Shell cancels sale of Thai gas field stakes to Kuwait’s KUFPEC

Florence Tan: October 4, 2017

SINGAPORE (Reuters) – Royal Dutch Shell (RDSa.L) said on Wednesday it has cancelled a $900 million deal to sell its gas field stakes in Thailand to Kuwait Foreign Petroleum Exploration Company (KUFPEC).

Shell and KUFPEC announced the deal in January, and it was due to be completed in the first quarter of 2017.

“Although Shell and the Thai government have worked together closely and collaboratively on the matter, the different interpretations of the treatment of share sale transactions were not resolved within Shell and KUFPEC’s agreed timeframe,” a Shell spokeswoman said in an e-mail. read more

Shunning fossil fuels, 40 Catholic groups seek climate action

Environment Correspondent Alister Doyle: OCTOBER 3, 2017

OSLO (Reuters) – Forty Roman Catholic groups said on Tuesday they were shunning investments in fossil fuels and urged others to follow suit.

The coalition was the largest number of Catholic institutions, in countries including Australia, South Africa, Britain and the United States, to team up for a shift to greener energies, the Global Catholic Climate Movement said.

Among those taking part was Assisi’s Sacro Convento and other Catholic institutions in the Italian town, birthplace of Saint Francis, who inspired Pope Francis. read more

Shell nabs Sinochem crude trader for Singapore desk

OCTOBER 2, 2017 / 2:15 PM

LONDON/SINGAPORE (Reuters) – Royal Dutch Shell (RDSa.L) has hired a former manager in Sinochem’s London office to help bolster its crude oil trading into the Chinese market, sources told Reuters.

Zheng Qingpu, who worked as the deputy general manager for Sinochem in London, has joined the Shell crude oil trading desk in Singapore, the sources said.

Major trading houses and independent oil firms are chasing qualified and well-connected staff for their Asia trading desks, spurred on by the opening up of China’s oil imports to include independent refineries. read more

Raízen submits binding offer to buy Shell’s unit in Argentina

SEPTEMBER 29, 2017 / 11:49 PM

SAO PAULO, Sept 29 (Reuters) – Brazil’s Raízen Combustíveis SA made a binding offer to acquire the fuel distribution unit in Argentina controlled by Shell Overseas Investments B.V. and B. V. Dordtsche Petroleum Maatschappij, said Raízen in a securities filing.

Raízen said it could not disclose any more details about the possible deal, adding there are other companies competing for the asset.

Reuters reported on August that Raízen was in talks to buy the fuel distribution unit. read more

Shell takes venture fund into ‘explosive’ Chinese market

AMSTERDAM (Reuters) – Royal Dutch Shell is opening the first Chinese office of its venture capital fund and recruiting three local investment staff there to tap a market where it sees “explosive” growth, the head of the business told Reuters on Thursday.

Shell Technology Ventures (STV), internally known as “Stevie”, is the oil major’s vehicle through which it seeks to stay on top of technological changes in the energy market that could threaten its business, and provide new areas for growth. read more

Shell working to fix gas disruption at Ireland’s Corrib field

Lefteris Karagiannopoulos: SEPTEMBER 28, 2017

(Reuters) – Royal Dutch Shell (RDSa.L) and Gas Networks Ireland (GNI) are working to remove unodourised gas that entered the network from the country’s Corrib gas field and has curbed output since last week, Shell said.

Due to a technical problem at the Shell-operated Bellanaboy Bridge gas terminal in Ireland, unodourised gas entered the network, forcing GNI to ask local customers to switch off their gas meters on Sept. 22-23, a Shell spokesperson said. read more

South Africa Karoo shale gas deposits seen less than earlier estimates

SEPTEMBER 28, 2017 / 12:10 PM

* Karoo is vast area famed for scenery, wildlife and fossils

* Study says previous gas estimates were “speculative”

* Authors say they used gas content measurements

By Ed Stoddard

JOHANNESBURG, Sept 28 (Reuters) – South Africa’s Karoo basin probably has a 30th of the shale gas deposits that some estimates had suggested, deflating expectations of an energy bonanza, a study published on Thursday said.

The findings by the South African Journal of Science have been published shortly before the expected award of the first shale gas exploration licences in the region. The government had said an award could happen by the end of September. read more

Shell explores electric vehicle charging, energy management businesses

SEPTEMBER 28, 2017 / 8:20 AM

AMSTERDAM, Sept 28 (Reuters) – Royal Dutch Shell is working on developing new energy technologies like ‘smart’ electric vehicle charging and models to reduce customers’ energy use, the head of the oil company’s new energies division is set to say on Thursday.

Shell intends to invest up to $1 billion a year through its New Energies division by the end of the decade as the oil company adjusts to an energy market that is moving towards more electrification, decentralised energy use and cleaner fuels. read more

Australia PM Turnbull says gas companies agree to domestic supply deal

SEPTEMBER 27, 2017 / 5:32 AM

SYDNEY (Reuters) – Australian Prime Minister Malcolm Turnbull said on Wednesday gas companies have agreed to a two-year domestic supply deal to plug a projected shortfall in the country’s east, preventing threatened government intervention in the export market.

The agreement heads off the possibility of Australia forcibly curbing exports from Australia’s three east coast gas exporters – Royal Dutch Shell, which runs Queensland Curtis LNG (QCLNG), Origin Energy, which runs the Australia Pacific LNG (APLNG) together with ConocoPhillips and Santos, which operates the Gladstone LNG plant. read more

Australian gas supply crunch squeezes east coast LNG exporters

UPDATE 2-Gas export curbs loom as Australia’s east faces gas shortfall

By Sonali Paul

MELBOURNE, Sept 25 (Reuters) – Royal Dutch Shell, ConocoPhillips and Santos face curbs on exporting gas from Australia’s east coast in 2018 if they fail to plug a projected local supply shortfall, Prime Minister Malcolm Turnbull warned on Monday.

Eastern Australia faces a gas shortfall of up to 17 percent of market demand in 2018, the nation’s energy market operator and competition watchdog projected in reports submitted to the government on Monday that will be the basis for a decision by Nov. 1 on whether to limit exports. read more

Talks continuing with Shell about Iraq’s Majnoon oil field, oil minister says

FILE PHOTO: A view of Iraq’s Majnoon oilfield in Basra, 420 km (261 miles) southeast of Baghdad, October 6, 2013. REUTERS/Essam Al-Sudani/File Photo

SUNDAY SEPTEMBER 24, 2017 / 11:54 AM

BAGHDAD (Reuters) – Iraqi oil minister Jabar al-Luaibi said on Sunday talks are continuing with Royal Dutch Shell (RDSa.L) on the Majnoon oil field that the company is said to be seeking to quit.

“There are still negotiations, things are not clear,” Luaibi told a news conference in Baghdad. “We haven’t initiated talks with other companies.” read more

California cities sue big oil firms over climate change

Gary McWilliams: SEPTEMBER 21, 2017 / 2:34 AM

(Reuters) – California cities San Francisco and Oakland filed separate lawsuits against five oil companies on Wednesday seeking billions of dollars to protect against rising sea levels they blamed on climate change, according to public documents.

The lawsuits, filed in state courts in San Francisco and Alameda Counties, alleged Chevron Corp, ConocoPhillips, Exxon Mobil Corp, BP Plc, and Royal Dutch Shell Plc, created a public nuisance and asked for funds to finance infrastructure to deal with rising sea levels. read more

Shell restarting Deer Park, Texas, joint-venture refinery: sources

SEPTEMBER 18, 2017 / 12:36 AM

HOUSTON (Reuters) – Royal Dutch Shell Plc began restarting its 325,700-barrel-per-day (bpd) joint-venture Deer Park, Texas, refinery on Sunday for the first time since it was shut three weeks ago by Tropical Storm Harvey, said sources familiar with plant operations.

The refinery’s largest crude distillation unit, the 270,000-bpd DU-2, restarted on Sunday morning and was on circulation by midday, the sources said. Other units are being brought up to operating temperature and readied to resume production following the restart of DU-2. read more

Brazil’s Raízen trying to cut sugar production costs -CEO

RIO DE JANEIRO, Sept 15 (Reuters) – Brazil’s Raízen, the world’s largest sugar producer, is trying to cut production costs to remain profitable amid depressed international prices, Chief Executive Luis Henrique Guimarães said on Friday.

Raízen, a 50-50 joint venture between Cosan SA Indústria e Comércio and Royal Dutch Shell Plc, plans to crush up to 63 million tonnes of cane in the current crop season, more than 10 percent of total Brazilian cane output.

(Reporting by Rodrigo Viga Gaier; Writing by Marcelo Teixeira; Editing by Paul Simao) read more

Shell to invest $2 billion per year in Brazil through 2020

SEPTEMBER 14, 2017 / 5:25 PM

SAO PAULO (Reuters) – The Brazilian unit of Royal Dutch Shell PLC will invest $2 billion per year in the country through 2020, Flávio Rodrigues, the unit’s director of government relations and regulatory affairs, said at an industry event on Thursday.

The investment plan does not include potential bids for oil exploration areas, he said, which the government will auction off in September and October.

On average, the oil company produced 325,000 barrels of oil equivalent per day (boepd) in the first quarter, Rodrigues added.  read more

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 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 eyes Asia, aims to expand vehicle recharging at fuel stations

SEPTEMBER 12, 2017

* Shell is world’s biggest fuel station operator

* Pilot projects to recharge cars in Europe, California

* Company sees fossil fuel growth in China, India, Mexico

* Focus on downstream earnings as crude price falls 

By Ron Bousso and Dmitry Zhdannikov

LONDON, Sept 12 (Reuters) – Royal Dutch Shell aims to expand marketing operations in Asia and wants 20 percent of sales from its fuel stations worldwide to come from recharging electric vehicles and low carbon fuels by 2025, as the world shifts away from crude.

The Anglo-Dutch firm, with 43,000 fuel stations in 80 countries, aims to expand in China and India, as well as Mexico, where it sees fossil fuel growth in the next decade, John Abbott, the head of refining, trading and marketing, told Reuters. read more

Shell’s defence of big oil is too hopeful

September 11, 2017, 11:40:00 AM EDT By Reuters

By Andy Critchlow

LONDON, Sept 11 (Reuters Breakingviews) – Royal Dutch Shell, looking deeply into its crystal ball, sees a future that’s still heavily dependent on oil. The Anglo-Dutch giant expects crude will continue to play a major role in global energy supply for decades, even in its less oil-friendly scenario. That optimism goes someway to justifying the billions of dollars it continues to invest in exploiting new reserves and expanding its fuel network. But it’s also a view that may place too much faith in the combustion engine – and China staying with its current strategy. read more

General Motors, Disney, Shell and 1,200 other companies are taking steps to fight climate change, report says

September 12 at 12:01 AM

More than 1,200 global businesses, including U.S. companies such as Disney, Shell and General Motors, are moving to embrace a carbon price — even if President Trump isn’t, according to a new report by a Washington climate think tank.

While the president has suggested that tackling climate change will undermine the economy and hamstring  businesses, chief executives have been busy voluntarily putting a price on their own carbon dioxide emissions. read more

Harvey May Pinch Some Gulf Coast Refining, Chemical Projects

Harvey largely spared oil and petrochemical plants along the U.S. Gulf Coast from significant damage but thousands of homes and businesses were not as fortunate. Refiners and recovery projects will compete for the same labor, driving up costs or causing labor shortages. read more

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

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

Shell opens first Mexico gas station, eyes up to $1 bln investment

MEXICO CITY, Sept 5 (Reuters) – Anglo-Dutch oil major Royal Dutch Shell opened its first gas station in Mexico on Tuesday, adding to a growing list of foreign-branded pumps in a market still dominated by the green-colored outlets of state-owned company Pemex.

Following a 2013 constitutional energy overhaul that ended Pemex’ decades-long monopoly, private companies can now brand gas stations and sell non-Pemex brand gasoline and diesel, as well as import fuels.

The opportunities are huge for the private sector in the fuel market of Latin America’s second-biggest economy, with Mexico now one of the world’s biggest gasoline consumers and the top foreign importer of U.S. gasoline. read more

INTERVIEW-Electric cars and renewables not enough to meet Paris climate goal – consultant

Despite the rise in renewable energy, it is gas that will overtake oil as the world’s biggest energy source by 2034… This thinking underpinned, for example, Royal Dutch Shell’s $54 billion takeover of BG Group last year.

* World will miss Paris target under current projections

* Energy demand seen peaking around 2030

* Electricity output to rise 140 pct by 2050 

* Gas to overtake oil as main energy source by 2034

By Karolin Schaps

ARNHEM, The Netherlands, Sept 5 (Reuters) – The cost of electric vehicles (EVs) will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy. read more

Shell says no major damage to Perdido platform after Harvey

SEPTEMBER 1, 2017 / 7:01 PM

NEW YORK (Reuters) – Royal Dutch Shell (RDSa.L) said on Friday that early inspections show there was no major damage to its Perdido platform in the U.S. Gulf of Mexico after storm Harvey.

It added that crews are continuing to arrive on to Perdido to perform inspections and check operating systems to prepare for a restart. 

Reporting by Catherine Ngai; Editing by Chizu Nomiyama

SOURCE

Shell staff return to Gulf of Mexico platform after Harvey: sources

AUGUST 30, 2017 / 6:16 PM

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) staff have returned to a major oil and gas platform in the Gulf of Mexico in preparation to restart production one week after its shutdown due to Hurricane Harvey, industry sources said on Wednesday.

A small team was airlifted to the Perdido platform and is currently assessing conditions to understand when production can be resumed, the sources said.

Perdido, operated by Shell, was shut down on Aug. 23 ahead of Hurricane Harvey’s arrival. The hub, the second deepest in the Gulf of Mexico, normally produces around 100,000 barrels per day of oil and gas. read more

Hurricane Harvey Tosses Global Oil Markets Into Chaos

By Nick Cunningham – Aug 28, 2017, 6:00 PM CDT

The most powerful Hurricane to hit Texas in more than 50 years has devastated much of the coast, and the historic flooding is now causing havoc in the energy markets.

The rain is not over, and will continue over the next few days, spilling a year’s worth of rain within a week.

ExxonMobil shut down its Baytown refinery, the second largest in the United States with a capacity of 560,500 bpd. Royal Dutch Shell closed its 360,000 bpd Deer Park refinery, according to S&P Global Platts, and Phillips 66 shut down its 247,000 bpd Sweeny refinery. read more

Egypt signs oil and gas exploration deals with Shell, Apex

AUGUST 29, 2017 / 11:09 AM

CAIRO (Reuters) – Egyptian Oil Minister Tarek El Molla has signed three oil and gas exploration deals for 16 new fields in the Western Desert worth at least $81.4 million in total with Royal Dutch Shell and the U.S.-based Apex International Energy.

The Petroleum Ministry said in a statement that the first deal would see Shell invest $35.5 million, and the other two would see Apex, which is operating in Egypt for the first time, invest a combined $45.9 million on two projects. read more

Shell halts operations at Deer Park refinery

Royal Dutch Shell said Sunday the aftermath of Hurricane Harvey is causing the shutdown of its massive refining and petrochemical complex in Deer Park.

Shell is closing one of Texas’ largest refineries, which can refine more than 315,000 barrels of crude oil a day into gasoline and other petroleum products.

“The top priority of Shell Deer Park is to operate in a safe and environmentally sound manner. Due to continued inclement weather conditions from Hurricane Harvey, Shell Deer Park is conducting a controlled/planned shut down of the refinery and chemical plant,” Shell said in an email response. read more

Damage unknown to Shell’s Perdido platform in U.S. Gulf

AUGUST 27, 2017

HOUSTON (Reuters) – Royal Dutch Shell Plc said on Sunday it has not yet been able to assess damage to its deepwater Perdido platform in the U.S. Gulf of Mexico after evacuating it ahead of Tropical Storm Harvey, which came ashore as a hurricane.

The company scrapped plans on Saturday to send a reconnaissance flight over the platform, about 200 miles (321 km) south of Freeport, Texas, said spokesman Curtis Smith. A second flight will be attempted on Sunday.

Reporting by Ernest Scheyder; Editing by Sandra Maler read more

Shell finds $1bn buyer for Argentine gas stations, report says

Shell has found a buyer for a chain of Argentine gas stations worth more than $1billion, a news report said.

Shell put the 630 Argentine gas stations up for sale as part of a £23.5billion divestment plan intended to balance the books in the wake of its takeover of BG Group.

Brazil’s Raizen Energia, a subsidiary of Shell, has outbid rivals including Argentina’s YPF, Chile’s Quinenco and China’s CNPC, Reuters reported, citing unidentified sources.

Shell and Cosan each own 50% of Raizen, which controls Brazil’s second largest chain of gas stations.

Shell said it would not comment on potential deals. Raízen also declined to comment. read more

Harvey, Biggest Hurricane Since 2005, Spiraling Toward Texas Coast

According to Reuters, oil and gas companies, including Exxon Mobil and Royal Dutch Shell, have halted production and are evacuating employees from their facilities in the Gulf of Mexico. 

Posted By on Thu, Aug 24, 2017 at 2:50 pm

What was a mere “tropical depression” on Wednesday has quickly turned into a grown-ass, potentially life-threatening hurricane. The National Hurricane Center has now predicted that Hurricane Harvey, the storm brewing the the Gulf of Mexico, will the Texas shores Friday night with 125 mph winds, drenching the coastline from Corpus Christi east to the Louisiana border with up to 2 feet of rain.

The NHC predicts Bexar County will be hit with up to 10 inches of rain over the weekend, and the county’s officially under a flash flood warning. Monica Ramos, a county spokeswoman, said that public works crews are preparing for heavy flooding  — especially in the city’s south side — by  monitoring creeks, drainage ways, and low water crossings as the storm grows near. read more

Oil companies evacuate workers as storm takes aim at Texas

AUGUST 24, 2017 / 12:43 AM

HOUSTON (Reuters) – Royal Dutch Shell, Anadarko Petroleum and Exxon Mobil announced they were curbing some oil and gas output on Wednesday at facilities in the Gulf of Mexico ahead of a storm expected to hit the Texas coast later this week.

The U.S. National Hurricane Center (NHC) issued a hurricane watch Wednesday for much of the Texas coast, calling for slow-moving Tropical Depression Harvey to intensify as it nears landfall.

Shell said it was evacuating all personnel from the roughly 100,000 barrel-per-day (bpd) Perdido oil and gas production platform as a precaution. Anadarko said it had shut in production and was evacuating workers from its Boomvang, Gunnison, Lucius and Nansen platforms in the Gulf of Mexico. read more

Oil companies evacuate workers as storm takes aim at Texas

Oil companies evacuate workers as storm takes aim at Texas

AUGUST 23, 2017

HOUSTON (Reuters) – Royal Dutch Shell, Anadarko Petroleum and Exxon Mobil announced they were curbing some oil and gas output on Wednesday at facilities in the Gulf of Mexico ahead of a storm expected to hit the Texas coast later this week.

The U.S. National Hurricane Center (NHC) issued a hurricane watch Wednesday for much of the Texas coast, calling for slow-moving Tropical Depression Harvey to intensify as it nears landfall.

Shell said it was evacuating all personnel from the roughly 100,000 barrel-per-day (bpd) Perdido oil and gas production platform as a precaution. Anadarko said it had shut in production and was evacuating workers from its Boomvang, Gunnison, Lucius and Nansen platforms in the Gulf of Mexico. read more

Shell says starts gas production at expanded Nigeria project

AUGUST 23, 2017

AMSTERDAM (Reuters) – Anglo-Dutch oil major Royal Dutch Shell (RDSa.L) has started gas production from the second phase of the Gbaran-Ubie project in Nigeria’s Niger Delta, the company said on Wednesday.

The project is an expansion of the Gbaran-Ubie development, which opened in June 2010.

Shell, through its Shell Petroleum Development Company of Nigeria subsidiary, said the project would reach peak production of around 175,000 barrels of oil equivalent per day in 2019. read more

Total overtakes Shell in North Sea where appetite for assets remains high

AUGUST 22, 2017 / 2:13 PM

LONDON (Reuters) – French oil major Total (TOTF.PA) has overtaken rival Royal Dutch Shell (RDSa.L) to become the second-largest producer in the North Sea with its acquisition of Maersk’s (MAERSKb.CO) Norwegian and UK producing assets.

The $7.45 billion deal by Total was welcomed by the market, with analysts saying it helped the French company rebalance its portfolio by adding assets in developed countries after going for projects in riskier places such as Iran and Russia. read more

Shell lifts its first crude cargo from Libya in five years: industry sources

DUBAI (Reuters) – Royal Dutch Shell has lifted a cargo of 600,000 barrels of crude oil from Libya’s Zueitina port, its first from the war-torn north African country in 5 years, two industry sources told Reuters on Saturday.

“Libya is a significant resource holder and Shell International Trading and Shipping Company Ltd (STASCO) has a history marketing Libyan crudes,” a Shell spokesperson said.

“We welcome new business opportunities with Libya’s National Oil Corporation (NOC). However, we don’t comment on specific trading deals,” the spokesperson added. read more

Oil producers signal offshore return in latest Gulf of Mexico auction

 Unused oil rigs sit in the Gulf of Mexico near Port Fourchon, Louisiana August 11, 2010. Lee Celano/File Photo

Royal Dutch Shell claimed the largest number of blocks, with 19 high bids valued at a combined $25.1 million.

Liz Hampton: AUGUST 16, 2017

HOUSTON (Reuters) – Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million (94.08 million pounds) on Wednesday, a nearly seven-fold increase from a year ago, as their return to deep water exploration gained momentum.

This compared with $18 million in high bids at the Bureau of Ocean Energy Management’s (BOEM) Outer Continental Shelf auction last summer. read more

Australia’s $180 bln LNG megaproject boom enters final stretch

Australia’s $180 bln LNG megaproject boom enters final stretch

* Shell, Inpex race to tap gas in adjacent fields

* Ichthys LNG targets first output by March 2018

* Prelude FLNG seen starting between April and July

* Australia on course to 88 mln T/yr LNG export capacity

By Sonali Paul

MELBOURNE, Aug 14 (Reuters) – The last massive component of Australia’s $180 billion liquefied natural gas construction boom arrived on Monday, stepping up a race between Anglo-Dutch giant Shell and Japan’s Inpex to start chilling gas for export in 2018.

Company reputations are at stake, as well as first access to overlapping gas fields and Australia leapfrogging Qatar as the world’s largest exporter of LNG.

The Ichthys Venturer, a floating production, storage and offloading facility, travelled 5,600 km (3,500 miles) from a South Korean shipyard and will be moored 220 km off Western Australia to handle condensate from the Ichthys field. read more

Brazil’s Cosan sees better ethanol returns as prices improve

AUGUST 10, 2017 / 5:02 PM

By Marcelo Teixeira

SAO PAULO, Aug 10 (Reuters) – Cosan SA Indústria e Comércio expects ethanol sales to yield better returns than sugar across some Brazilian states, a factor that may prompt one of the country’s largest energy and infrastructure companies to fine-tune its current output mix.

Raízen Energia, a 50-50 joint venture between Cosan and Royal Dutch Shell Plc that is the world’s No. 1 sugar producer, could adjust the amount of sugar and ethanol it produces if price conditions for the biofuel improves, Cosan’s investor relations head Paula Kovarsky said on a conference call on Thursday.

Raízen earmarked 57 percent of cane to sugar production in the second quarter, higher than the 55 percent it did a year ago. Simultaneously, Raízen has reduced sugar hedging on an annual basis on hopes of a mid-term recovery in international prices, she added. read more

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