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Posts under ‘Unconventionals’

Royal Dutch Shell’s U.S. Chief Leaving in Leadership Shuffle

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The president of Royal Dutch Shell Plc’s U.S. division is leaving the company as part of a reorganization announced Wednesday, and Executive Vice President Bruce Culpepper was named as his successor.

Marvin Odum, 57, has been with the company for 34 years and held the post at its U.S. division, Shell Oil Co., since oil prices were at record highs. He also was in charge during Shell’s failed Arctic drilling bid. Culpepper, who will become the U.S. country chairman and the president of Shell Oil on April 1, has been overseeing human resources in the Americas.

“Marvin has had a long and distinguished Shell career and I’m grateful to him for the central role he’s played in the company’s success,” said Ben van Beurden, chief executive officer of Royal Dutch Shell, in a news release Wednesday. “He leaves our important businesses in the Americas well positioned for the next phase of their development.” read more

Iran riches coveted by big oil after decades of conflict

Extracts from a Bloomberg article published 31 March 2015

Iran riches coveted by big oil after decades of conflict

Now, as Iran and the US enter 11th hour negotiations to reach a nuclear deal and ease sanctions, the West Asian country is emerging again as a potential prize for western oil companies such as BP, Royal Dutch Shell Plc, Eni SpA and Total SA.

The restoration of Western oil investment appears to be a priority for Iran in its nuclear talks with the U.S., U.K, France, Germany, Russia and China. A year ago, the new Iranian President Hassan Rouhani used a speech during the World Economic Forum in Davos to court the European oil majors. read more

Shell to discuss possible western Pennsylvania shale gas plant at public meetings

Screen Shot 2014-02-10 at 16.29.29Extracts from an Associated Press article published 15 April 2014 by THE REPUBLIC read more

Head-to-Head: BP vs Royal Dutch Shell

Screen Shot 2014-02-10 at 16.29.29Extracts from an article by Holly Cook published 14 April 2014 by MorningStar

Investor sentiment on Shell today is decidedly negative after years of poor execution. Shell’s big shale bets have been a huge bust, crushing the profits and returns of its upstream operations in North America. This is likely to be a drag on returns for years unless gas prices rebound or impairments are taken. Europe is a terrible region for refining and Shell is heavily exposed.

FULL ARTICLE

The world has enough natural gas to last nearly 400 years

Extracts from an article by Michelle Wheeler published Friday 11 April 2014 by phys.org

The world has enough natural gas to last nearly 400 years at the current rate of consumption or 110 years if production increases at a rate of two per cent a year, according to a Curtin University study. Curtin University adjunct research fellow Roberto F. Aguilera says much of the world’s – both conventional and unconventional – is located in Australia. “It’s that conventional gas that is likely to make Australia the biggest LNG exporter in the world, maybe by the end of the decade,” he says. read more

Fracking earthquakes

Screen Shot 2014-03-11 at 14.07.51Extract from an article by Carey Gillam published by Reuters, 5 April 2014, under the headline: Series of small earthquakes rock Oklahoma in record seismic activity

(Reuters) – Earthquakes rattled residents in Oklahoma on Saturday, the latest in a series that have put the state on track for record quake activity this year, which some seismologists say may be tied to oil and gas exploration. One earthquake recorded at 3.8 magnitude by the U.S. Geological Survey rocked houses in several communities around central Oklahoma at 7:42 a.m. local time. Wastewater disposal related to the fracking is suspected by many scientists to contribute to the earthquake activity. Millions of gallons of wastewater are typically trucked from a fracking site to wells where the water is injected thousands of feet underground into porous rock layers. That work, if done near a fault, can trigger larger quakes, according to several recent scientific studies. read more

China a sink hole for Royal Dutch Shell

There are so many things wrong in China and RDS has no idea of what is going on. Investors be aware that it is a sink hole with no financial bottom and the “good ole boy” politics are in play in China.

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Posting on Shell Blog by “Tyler” on 2014/04/05 at 04:04

Let’s talk China.

Shell has made commitment to drill Sichuan Province (press release 03/2014). What the story doesn’t tell everyone is that Shell has spent 1 Billion USD and has yet to find sustainable gas.

It also does not address the fact that Shell China has gone from 9 rigs to 1 rig in Sichuan.

Office staff in Chengdu is over 500 people for a 1 rig operation, by the end of 4Q 2014.

Let’s not forget that Shell China has been put under the US Unconventional Wells group. These are the same ones that screwed up the US Shale Gas Projects. The new manager is Chengdu is an American who came from Alaska, we know how that turned out. read more

Shell’s Mr Fixit hammers home a message of capital discipline

Screen Shot 2014-04-02 at 16.52.08Extract from a highly informative article by Guy Chazan published on 1 April 2014 by The Financial Times

Late last year, for example, Shell decided not to proceed with a multibillion-dollar plant on the US Gulf Coast that would have converted gas into synthetic diesel. Unusually, it canned the project before it had even carried out the basic design work. Mr van Beurden says that is the shape of things to come.

FULL ARTICLE

Shell turns to Asian suppliers in US shale race

Ben van Beurden, Chief Executive Officer. Royal Dutch Shell Plc

Ben van Beurden, Chief Executive Officer. Royal Dutch Shell Plc

Extract from an article by Guy Chazan and James Wilson published by The Financial Times on 1 April 2014

Royal Dutch Shell has said it will deploy more Chinese equipment at its struggling US shale business – becoming the latest natural resources company to try to reduce costs by switching to cheaper Asian suppliers. Mr van Beurden, who took the reins at Shell in January, said one of his biggest challenges was to turn around the company’s North American shale business.

FULL ARTICLE

Shell turning to Asian suppliers

Screen Shot 2014-02-10 at 16.29.29Extract from an articled published on 1 April 2014 by Seeking Alpha under the headline: Shell turning to Asian suppliers, underscoring threat to Caterpillar, Joy Global

Royal Dutch Shell (RDS.A, RDS.B) says it will use more Chinese equipment at its struggling U.S. shale business, becoming the latest natural resources company to try to reduce costs by switching to cheaper Asian suppliers. Shell’s shift to lower-cost Chinese manufacturers underscores the potential threat to western industrial equipment makers such as Caterpillar (CAT) and Joy Global (JOY) from their competitors in emerging markets. read more

Shell reorganises American shale operations

Screen Shot 2014-02-10 at 16.29.29Extracts from an Alice Young article published 19 March 2014 by iNVEZZ.com under the headline: Shell share price: Group reorganises American shale operations

Royal Dutch Shell Plc has reorganised its American shale gas and oil operations into a single business in an attempt to improve their performance, the Financial Times has reported. According to the FT report, senior Shell executives told investors in a presentation in New York that for the past 14 months, the company had been operating its shale extraction business in the US, Canada and South America as a single unit… read more

Peter Voser regrets on unconventional oil and gas

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Peter Voser said the failure of Royal Dutch Shell’s huge bet on US shale was a big regret of his time as chief executive of the company. Shell has invested at least $24bn in so-called unconventional oil and gas in North America. But it is a bet that has yet to pay off. “Unconventionals did not exactly play out as planned,” Mr Voser said.

From an oil industry expert: Unconventional Oil and Gas

The following is an extract from an article by Guy Chazan published on 6 October 2013 by the Financial Times under the headline: “Peter Voser says he regrets Shell’s huge bet on US shale

Peter Voser said the failure of Royal Dutch Shell’s huge bet on US shale was a big regret of his time as chief executive of the company. Shell has invested at least $24bn in so-called unconventional oil and gas in North America. But it is a bet that has yet to pay off. Its North American upstream business has struggled to turn a profit and in August Shell announced a strategic review of its US shale portfolio after taking a $2.1bn impairment. “Unconventionals did not exactly play out as planned,” Mr Voser said. read more

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